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In Commodities A/S

Public limited companyCVR 38381954Aarhus NActive

In Commodities A/S is a public limited company, based in Aarhus N, active in other trade in electricity, founded in 2017. Net profit fell 70% from 2024 to 2025, ending at DKK 15.7m. With 217 employees, the company is about 36 times larger than the industry median. Equity fell to DKK 431.5m in 2025.

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Key figures · financial year 2025

RevenueDKK 149m−2.1% vs. 2024
Net profitDKK 15.7m−70.3% vs. 2024
EquityDKK 431.5m−16.1% vs. 2024
Employees217latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 32% (2024 → 2025), to DKK 64.9m.
  • Revenue fell 2% (2024 → 2025), to DKK 149m.
  • Net profit fell 70% (2024 → 2025), to DKK 15.7m.
  • Equity fell 16% (2024 → 2025), to DKK 431.5m.

Employees

  • 9 fewer employees than a year earlier: 217 (07/2026) against 226 (07/2025).

Management and owners, last 24 months

  • New in management: Tue Harritz Grosen (ceo, 03/08/2026).
  • Stepped down: Daniel Borup Andersen (ceo, 03/08/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other trade in electricity (351590)

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 2017–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bn201720182019202020212022202320242025
EquityNet profit
Financial figures for In Commodities A/S
201720182019202020212022202320242025Change
Revenuenot statednot stated1,003,5102,071,39713,429,079not statednot stated152,238149,016−2.1%
Gross profit1,80511,06420,18142,647176,8191,583,708160,66395,95164,943−32.3%
Operating profit (EBIT)1,5648,17414,70732,003146,1621,372,916132,05056,54923,935−57.7%
Profit before tax1,4977,91514,60231,751144,2311,369,279127,87763,36720,648−67.4%
Net profit1,1666,17111,36724,754112,3711,063,87697,61852,74015,661−70.3%
Total assets7,41032,72134,95084,447264,1941,213,081700,277641,353575,792−10.2%
Equity4,28010,45121,81843,572117,666698,117596,109514,478431,457−16.1%
Liabilities3,13022,26913,13240,875146,528514,964104,168126,875144,335+13.8%
Cash and cash equivalents1,0976,1829,37932,82487,103733,807410,338329,191175,967−46.5%
Average number of employees418366089–––––

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 2017, 2018, 2022, 2023: 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 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bnDKK 1.6bn201720182019202020212022202320242025
Gross profitMedian, the industry (77 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

9 financial years
Annual reports for In Commodities A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202517/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/06/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202319/06/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202211/07/2023The companyPDF not statedXBRL
202101/01/2021 – 31/12/202104/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/02/2021The companyPDFXBRL
201901/01/2019 – 31/12/201907/02/2020The companyPDFXBRL
201801/01/2018 – 31/12/201822/02/2019The companyPDFXBRL
201701/02/2017 – 31/12/201709/03/2018The 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
05010015020025008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

77 companies in the database

Comparison with the other companies in other trade in electricity based on the latest financial year.

Gross profitDKK 64.9mNo. 11 of 74
Better than 86% of the companies in the industry
EquityDKK 431.5mNo. 6 of 77
Better than 93% of the companies in the industry
Number of employees217No. 7 of 77
Better than 92% of the companies in the industry

Industry median: gross profit DKK 6.2m, net profit DKK 1.2m, equity DKK 12.8m, 6 employees.

DKK 100kDKK 984kDKK 9.7mDKK 95.3mDKK 437.7mHere
Distribution of gross profit for 56 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 200–499 employees796 companies in the comparison
No. 611of 763
Better than 20%
No. 140of 796
Better than 83%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 516of 33,588
Better than 98%
No. 212of 33,687
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 2,318of 17,786
Better than 87%
No. 814of 18,024
Better than 95%

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

Other trade in electricity
Gross profit
  1. In Commodities A/SDKK 64.9m
  2. Centrica Energy Trading A/SDKK 937.8m
  3. Norlys Energi A/SDKK 292.3m
Net profit
  1. In Commodities A/SDKK 15.7m
  2. Centrica Energy Trading A/SDKK 25.1m
  3. Norlys Energi A/S−DKK 152.2m
Equity
  1. In Commodities A/SDKK 431.5m
  2. Centrica Energy Trading A/SDKK 2.8bn
  3. Norlys Energi A/SDKK 524.9m
Employees
  1. In Commodities A/S217
  2. Centrica Energy Trading A/S398
  3. Norlys Energi A/S168

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
  • In Commodities Global ApS100%
In Commodities A/S

Management

6 active registrations

Executive management

Executive management at In Commodities A/S
NameRoleAppointed
Katrine Bondgaard JensenDirector01/09/2024
Tue Harritz GrosenCEO03/08/2026

Board of directors

Board of directors at In Commodities A/S
NameRoleAppointed
Emil Kildegaard GerhardtBoard member15/03/2017
Christian BachBoard member12/06/2017
Jeppe Bülow HøjgaardBoard member01/09/2024
Jesper Severin JohansonChair of the board01/09/2024
Founders
Incomas Holding ApS
Former management (14)
Former management at In Commodities A/S
NameRoleAppointedResigned
Jeppe Bülow HøjgaardDirector01/02/201722/09/2020
Jeppe Bülow HøjgaardBoard member01/02/201712/06/2017
Emil Kildegaard GerhardtChair of the board01/02/201714/03/2017
Annett Bülow HøjgaardBoard member01/02/201712/06/2017
Jack Veilgaard HjeronymusBoard member15/03/201719/08/2021
Bo WaseChair of the board15/03/201731/12/2022
Christian BachDirector15/03/201722/09/2020
Emil Kildegaard GerhardtDirector15/03/201712/06/2017
Jesper Severin JohansonDirector12/06/201701/09/2024
Jesper Severin JohansonBoard member12/06/201731/08/2024
Jeppe Bülow HøjgaardBoard member22/09/202031/12/2022
Christian BachDirector21/01/202201/01/2023
Jeppe Bülow HøjgaardChair of the board01/01/202331/08/2024
Daniel Borup AndersenCEO01/09/202403/08/2026

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

Address and production units

1 active production units

Tangen 6
8200 Aarhus N

Aarhus Municipality · Postcode 8200

Other companies at the address (7)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
In Commodities A/STangen 6, 8200 Aarhus N2171022149179

Purpose

Selskabets formål er at drive handel med energi, råvarer og rådgivningsvirksomhed samt andre hermed forbundne forretningsaktiviteter efter direktionens skøn

The purpose is quoted from the register in Danish.

Changes year by year

52 registered events
20263 changesmanagement 2 · accounts 1
  • Tue Harritz Grosen appointed ceo
  • Daniel Borup Andersen stepped down as ceo
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Other trade in electricity (351590)
20249 changesmanagement 7 · accounts 1 · address 1
  • Katrine Bondgaard Jensen appointed director
  • Jesper Severin Johanson appointed chair of the board
  • Jeppe Bülow Højgaard appointed board member
  • Daniel Borup Andersen appointed ceo
  • Jesper Severin Johanson stepped down as director
  • Jeppe Bülow Højgaard stepped down as chair of the board
  • Jesper Severin Johanson stepped down as board member
  • Annual report for 2023 published
  • Moved to Tangen 6, 8200 Aarhus N
20233 changesaccounts 1 · management 2
  • Annual report for 2022 published
  • Jeppe Bülow Højgaard appointed chair of the board
  • Christian Bach stepped down as director
20226 changesmanagement 3 · ownership 2 · accounts 1
  • Jeppe Bülow Højgaard stepped down as board member
  • Bo Wase stepped down as chair of the board
  • In Commodities Global ApS registered as owner (100%)
  • Incomas Holding ApS is no longer registered as owner
  • Annual report for 2021 published
  • Christian Bach appointed director
20212 changesmanagement 1 · accounts 1
  • Jack Veilgaard Hjeronymus stepped down as board member
  • Annual report for 2020 published
20204 changesmanagement 3 · accounts 1
  • Jeppe Bülow Højgaard appointed board member
  • Christian Bach stepped down as director
  • Jeppe Bülow Højgaard stepped down as director
  • Annual report for 2019 published
20192 changesaccounts 1 · address 1
  • Annual report for 2018 published
  • Moved to Tangen 6, 8200 Aarhus N
20181 changeaccounts 1
  • Annual report for 2017 published
201720 changescapital 2 · management 16 · founded 1 · ownership 1
  • Share capital changed from 1,613,870 DKK to 3,113,870 DKK
  • Christian Bach appointed board member
  • Jesper Severin Johanson appointed board member
  • Jesper Severin Johanson appointed director
  • Emil Kildegaard Gerhardt stepped down as director
  • Jeppe Bülow Højgaard stepped down as board member
  • Annett Bülow Højgaard stepped down as board member
  • Share capital changed from 806,745 EUR to 1,613,870 DKK
  • Bo Wase appointed chair of the board
  • Emil Kildegaard Gerhardt appointed board member
  • Emil Kildegaard Gerhardt appointed director
  • Christian Bach appointed director
  • Jack Veilgaard Hjeronymus appointed board member
  • Emil Kildegaard Gerhardt stepped down as chair of the board
  • Registered as In Commodities A/S
  • Jeppe Bülow Højgaard appointed board member
  • Annett Bülow Højgaard appointed board member
  • Emil Kildegaard Gerhardt appointed chair of the board
  • Jeppe Bülow Højgaard appointed director
  • Incomas Holding ApS registered as owner (100%)

Related companies

Same industry in Aarhus

See all →

Same people in management

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 23/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction