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Hwam A/S

Public limited companyCVR 32155146HørningActive

Hwam A/S is a public limited company, based in Hørning, active in manufacture of ovens, furnaces and furnace burners, founded in 2009. Net profit fell 58% from 2024 to 2025, ending at DKK 12.9m. Measured by gross profit, it ranks no. 2 of 26 companies in the industry in the database. With 85 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 72.5m−23.6% vs. 2024
Net profitDKK 12.9m−57.8% vs. 2024
EquityDKK 97.8m−6.7% vs. 2024
Employees85latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 24% (2024 → 2025), to DKK 72.5m.
  • Net profit fell 58% (2024 → 2025), to DKK 12.9m.
  • Equity fell 7% (2024 → 2025), to DKK 97.8m.

Employees

  • 12 fewer employees than a year earlier: 85 (08/2026) against 97 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Hwam A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit38,75852,77384,196130,24094,91272,467−23.6%
Operating profit (EBIT)–20,02134,87471,36138,54716,821−56.4%
Profit before tax12,74618,98533,58771,00739,21416,600−57.7%
Net profit10,67315,00826,37355,84530,63112,922−57.8%
Total assets54,12384,29095,946122,296125,967115,621−8.2%
Equity11,25926,26752,64094,310104,88197,803−6.7%
Liabilities41,59456,75141,87425,97018,59515,009−19.3%
Cash and cash equivalents11,7668,46922,53836,72263,82851,625−19.1%
Average number of employees647282949083−7.8%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
Gross profitMedian, the industry (26 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Hwam A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202528/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202424/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The groupPDFXBRL
202201/01/2022 – 31/12/202211/05/2023The groupPDFXBRL
202101/01/2021 – 31/12/202121/06/2022The groupPDFXBRL
202001/01/2020 – 31/12/202006/05/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02040608010012009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

26 companies in the database

Comparison with the other companies in manufacture of ovens, furnaces and furnace burners based on the latest financial year.

Gross profitDKK 72.5mNo. 2 of 26
Better than 96% of the companies in the industry
EquityDKK 97.8mNo. 2 of 26
Better than 96% of the companies in the industry
Number of employees85No. 4 of 26
Better than 88% of the companies in the industry

Industry median: gross profit DKK 15.3m, net profit DKK 1.6m, equity DKK 13.5m, 17 employees.

DKK 135kDKK 732kDKK 4mDKK 21.5mDKK 66.3mHere
Distribution of gross profit for 26 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 1,108of 4,412
Better than 75%
No. 687of 4,466
Better than 85%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 986of 24,791
Better than 96%
No. 1,386of 24,909
Better than 94%
All companies of type A/S18,025 companies in the comparison
No. 2,100of 17,786
Better than 88%
No. 2,311of 18,024
Better than 87%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Manufacture of ovens, furnaces and furnace burners
Gross profit
  1. Hwam A/SDKK 72.5m
  2. Fenagy A/SDKK 116.5m
  3. Heta A/SDKK 68.9m
Net profit
  1. Hwam A/SDKK 12.9m
  2. Fenagy A/SDKK 39.2m
  3. Heta A/SDKK 19.4m
Equity
  1. Hwam A/SDKK 97.8m
  2. Fenagy A/SDKK 81.4m
  3. Heta A/SDKK 67.3m
Employees
  1. Hwam A/S85
  2. Fenagy A/S109
  3. Heta A/S85

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • SHP-Invest ApS25%
  • SAS Seguin Duteriez66.67%
Hwam A/S

Management

6 active registrations

Executive management

Executive management at Hwam A/S
NameRoleAppointed
Stefan Hvam PedersenCEO01/10/2010

Board of directors

Board of directors at Hwam A/S
NameRoleAppointed
Stefan Hvam PedersenBoard member02/11/2017
Aymeric de Bodin de GalembertChair of the board28/05/2019
Tommy Damsboe HolgersenBoard member24/01/2020
Pernille Hjortshøj StenholtBoard member24/01/2020
Pascal Jöel Gérard CornetDeputy chair14/12/2020
Founders
Raslund Invest ApS
Former management (15)
Former management at Hwam A/S
NameRoleAppointedResigned
Vagn Hvam PedersenBoard member02/07/200901/11/2017
Niels Mikael HaldBoard member02/07/200920/09/2013
Ole BøjeDirector02/07/200901/10/2010
Niels Peder OpstrupChair of the board02/07/200904/04/2016
Lars RathjeBoard member02/07/200904/04/2016
Johnny Rosendahl FrandsenBoard member10/02/201031/05/2018
Hans Krog NielsenChief financial officer01/10/201024/06/2014
Thomas Villum FolmannBoard member20/09/201303/04/2016
Vagn Hvam PedersenDirector24/06/201408/09/2015
Thomas Villum FolmannChair of the board04/04/201602/11/2017
Finn JørgensenBoard member28/04/201702/11/2017
Vagn Hvam PedersenChair of the board02/11/201728/05/2019
Torsten Hvam SølundDeputy chair02/11/201728/05/2019
Karsten HvoldalDirector29/12/201714/12/2020
Jacques AurandBoard member28/05/201914/12/2020

Signing rule: Selskabet tegnes af to direktører i forening, en direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

1 active production units

Nydamsvej 53
8362 Hørning

Skanderborg Municipality · Postcode 8362

Production units
Production unitAddressEmployeesP number
HWAM A/SNydamsvej 53, 8362 Hørning851015283935

Purpose

Selskabets formål er handel og produktion

The purpose is quoted from the register in Danish.

Changes year by year

60 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20225 changesaccounts 1 · ownership 4
  • Annual report for 2021 published
  • SAS SEGUIN DUTERIEZ registered as owner (66.67%)
  • SHP-Invest ApS registered as owner (25%)
  • SHP-Invest ApS is no longer registered as owner
  • SAS SEGUIN DUTERIEZ is no longer registered as owner
20211 changeaccounts 1
  • Annual report for 2020 published
20209 changesmanagement 5 · capital 1 · ownership 2 · address 1
  • Pascal Jöel Gérard Cornet appointed deputy chair
  • Jacques Aurand stepped down as board member
  • Karsten Hvoldal stepped down as director
  • Share capital changed from 500,000 DKK to 902,684 DKK
  • SHP-Invest ApS registered as owner (10%)
  • SHP-Invest ApS is no longer registered as owner
  • Moved to Nydamsvej 53, 8362 Hørning
  • Pernille Hjortshøj Stenholt appointed board member
  • Tommy Damsboe Holgersen appointed board member
20197 changesmanagement 4 · ownership 3
  • Jacques Aurand appointed board member
  • Aymeric de Bodin de Galembert appointed chair of the board
  • Torsten Hvam Sølund stepped down as deputy chair
  • Vagn Hvam Pedersen stepped down as chair of the board
  • SAS SEGUIN DUTERIEZ registered as owner (66.67%)
  • V&B H INVEST ApS is no longer registered as owner
  • TORSTEN HWAM INVEST ApS is no longer registered as owner
20181 changemanagement 1
  • Johnny Rosendahl Frandsen stepped down as board member
20178 changesmanagement 8
  • Karsten Hvoldal appointed director
  • Torsten Hvam Sølund appointed deputy chair
  • Stefan Hvam Pedersen appointed board member
  • Vagn Hvam Pedersen appointed chair of the board
  • Finn Jørgensen stepped down as board member
  • Thomas Villum Folmann stepped down as chair of the board
  • Vagn Hvam Pedersen stepped down as board member
  • Finn Jørgensen appointed board member
20164 changesmanagement 4
  • Thomas Villum Folmann appointed chair of the board
  • Lars Rathje stepped down as board member
  • Niels Peder Opstrup stepped down as chair of the board
  • Thomas Villum Folmann stepped down as board member
20151 changemanagement 1
  • Vagn Hvam Pedersen stepped down as director
20142 changesmanagement 2
  • Vagn Hvam Pedersen appointed director
  • Hans Krog Nielsen stepped down as chief financial officer
20132 changesmanagement 2
  • Thomas Villum Folmann appointed board member
  • Niels Mikael Hald stepped down as board member
20104 changesmanagement 4
  • Hans Krog Nielsen appointed chief financial officer
  • Stefan Hvam Pedersen appointed ceo
  • Ole Bøje stepped down as director
  • Johnny Rosendahl Frandsen appointed board member
200911 changesname 1 · capital 1 · management 5 · ownership 3 · founded 1
  • Name changed from ANPARTSSELSKABET AF 25.MAJ 2009 to HWAM A/S
  • Share capital changed from 125,000 DKK to 500,000 DKK
  • Niels Mikael Hald appointed board member
  • Lars Rathje appointed board member
  • Niels Peder Opstrup appointed chair of the board
  • Ole Bøje appointed director
  • Vagn Hvam Pedersen appointed board member
  • SHP-Invest ApS registered as owner (25%)
  • V&B H INVEST ApS registered as owner (50%)
  • TORSTEN HWAM INVEST ApS registered as owner (25%)
  • Registered as ANPARTSSELSKABET AF 25.MAJ 2009

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Same people in management

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

View in CVRReport a correction