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Kaj Ove Madsen A/S

Public limited companyCVR 10019036SkiveActive

Kaj Ove Madsen A/S is a public limited company, based in Skive, active in construction of buildings, founded in 1985. Profit has grown three years in a row. With 59 employees, the company is about 12 times larger than the industry median. Equity fell to DKK 8.8m in 2025.

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Key figures · financial year 2025

Gross profitDKK 21.7m+20.4% vs. 2024
Net profitDKK 10.1m+3.2% vs. 2024
EquityDKK 8.8m−56% vs. 2024
Employees59latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 20% (2024 → 2025), to DKK 21.7m.
  • Net profit rose 3% (2024 → 2025), to DKK 10.1m.
  • Equity fell 56% (2024 → 2025), to DKK 8.8m.

Employees

  • 27 more employees than a year earlier: 59 (08/2026) against 32 (08/2025).

Management and owners, last 24 months

  • New in management: Lasse Buhl Jørgensen (chair of the board, 04/07/2025), Kaj Ove Madsen (board member, 04/07/2025) and Vilhelm Gjerulff (board member, 04/07/2025) (+3).
  • Stepped down: Grethe Madsen (board member, 04/07/2025), Henry Thorbjørn Madsen (board member, 04/07/2025) and Kaj Ove Madsen (chair of the board, 03/07/2025) (+1).
  • New owners registered: Komgl A/S (30/06/2025) and F-Group ApS (26/06/2025).
  • No longer registered as owner: Kom Holding A/S (26/06/2025), F-Group ApS (25/06/2025) and F-Group ApS (30/06/2025).

Registrations, last 24 months

  • 29/09/2025: Merger registered in CVR
  • 29/09/2025: Share capital changed from 1,000,000 DKK to 1,500,000 DKK

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18mDKK 20m202020212022202320242025
EquityNet profit
Financial figures for Kaj Ove Madsen A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit8,4707,5864,6027,57818,06421,745+20.4%
Operating profit (EBIT)3,9162,8652012,64712,11012,958+7%
Profit before tax3,9223,0707232,92312,60713,050+3.5%
Net profit3,0902,3555362,2419,83310,148+3.2%
Total assets28,68923,32722,71528,85351,88733,398−35.6%
Equity13,15913,01511,20112,44219,9758,789−56%
Liabilities13,4729,37110,67714,68927,71321,182−23.6%
Cash and cash equivalents2,6299913910,18617,85611,549−35.3%
Average number of employees353226262954+86.2%

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 5mDKK 10mDKK 15mDKK 20m202020212022202320242025
Gross profitMedian, the industry (914 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 56% from 2024 to 2025 (DKK 20m to DKK 8.8m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • 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 Kaj Ove Madsen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202512/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202408/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202315/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202211/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202106/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202025/03/2021The 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
010203040506009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

914 companies in the database

Comparison with the other companies in construction of buildings based on the latest financial year.

Gross profitDKK 21.7mNo. 129 of 910
Better than 86% of the companies in the industry
EquityDKK 8.8mNo. 231 of 914
Better than 75% of the companies in the industry
Number of employees59No. 71 of 914
Better than 92% of the companies in the industry

Industry median: gross profit DKK 3.1m, net profit DKK 305k, equity DKK 1.8m, 5 employees.

DKK 100kDKK 927kDKK 8.6mDKK 79.7mDKK 351.9mHere
Distribution of gross profit for 851 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. 3,153of 4,412
Better than 29%
No. 2,975of 4,466
Better than 33%
Same industry and 50–199 employees73 companies in the comparison
No. 62of 73
Better than 15%
No. 65of 73
Better than 11%
Companies that are at least 30 years old10,276 companies in the comparison
No. 2,666of 10,152
Better than 74%
No. 5,024of 10,275
Better than 51%
All companies of type A/S18,025 companies in the comparison
No. 5,570of 17,786
Better than 69%
No. 9,246of 18,024
Better than 49%

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

Construction of buildings
Gross profit
  1. Kaj Ove Madsen A/SDKK 21.7m
  2. Per Aarsleff A/SDKK 739.2m
  3. NCC Danmark A/SDKK 720.4m
Net profit
  1. Kaj Ove Madsen A/SDKK 10.1m
  2. Per Aarsleff A/SDKK 279.8m
  3. NCC Danmark A/SDKK 316.9m
Equity
  1. Kaj Ove Madsen A/SDKK 8.8m
  2. Per Aarsleff A/SDKK 1.5bn
  3. NCC Danmark A/SDKK 538.1m
Employees
  1. Kaj Ove Madsen A/S59
  2. Per Aarsleff A/S2,957
  3. NCC Danmark A/S1,748

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
  • Komgl A/S100%
Kaj Ove Madsen A/S

Management

9 active registrations

Executive management

Executive management at Kaj Ove Madsen A/S
NameRoleAppointed
Kim Skøtt LassenDirector04/07/2025
Martin FinderupCEO04/07/2025

Board of directors

Board of directors at Kaj Ove Madsen A/S
NameRoleAppointed
Martin FinderupBoard member26/01/1998
Pia Suzanne FinderupBoard member21/12/2011
Jens Kristian MogensenBoard member16/03/2022
Lasse Buhl JørgensenChair of the board04/07/2025
Kaj Ove MadsenBoard member04/07/2025
Vilhelm GjerulffBoard member04/07/2025
Kim Skøtt LassenBoard member04/07/2025
Former management (5)
Former management at Kaj Ove Madsen A/S
NameRoleAppointedResigned
Kaj Ove MadsenDirector25/11/198521/12/2011
Grethe MadsenBoard member25/11/198504/07/2025
Henry Thorbjørn MadsenBoard member25/11/198504/07/2025
Kaj Ove MadsenChair of the board21/12/201103/07/2025
Martin FinderupDirector21/12/201103/07/2025

Signing rule: Selskabet tegnes af to direktører i forening, en direktør og bestyrelsesformanden eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Bjørnevej 4
7800 Skive

Skive Municipality · Postcode 7800

Other companies at the address (4)

Production units
Production unitAddressEmployeesP number
KAJ OVE MADSEN A/SBjørnevej 4, 7800 Skive591000003757

Purpose

Selskabets formål er entreprenørvirksomhed og anden dermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

43 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202518 changescapital 1 · merger 1 · management 10 · ownership 5 · accounts 1
  • Share capital changed from 1,000,000 DKK to 1,500,000 DKK
  • Merger registered in CVR
  • Lasse Buhl Jørgensen appointed chair of the board
  • Martin Finderup appointed ceo
  • Kim Skøtt Lassen appointed director
  • Kim Skøtt Lassen appointed board member
  • Vilhelm Gjerulff appointed board member
  • Kaj Ove Madsen appointed board member
  • Grethe Madsen stepped down as board member
  • Henry Thorbjørn Madsen stepped down as board member
  • Martin Finderup stepped down as director
  • Kaj Ove Madsen stepped down as chair of the board
  • KOMGL A/S registered as owner (100%)
  • F-Group ApS is no longer registered as owner
  • F-Group ApS registered as owner (100%)
  • KOM HOLDING A/S is no longer registered as owner
  • F-Group ApS is no longer registered as owner
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesaccounts 1 · management 1 · address 1
  • Annual report for 2021 published
  • Jens Kristian Mogensen appointed board member
  • Moved to Bjørnevej 4, 7800 Skive
20211 changeaccounts 1
  • Annual report for 2020 published
20184 changesownership 4
  • KOM HOLDING A/S registered as owner (25%)
  • F-Group ApS registered as owner (66.67%)
  • F-Group ApS is no longer registered as owner
  • KOM HOLDING A/S is no longer registered as owner
20162 changesownership 2
  • F-Group ApS registered as owner (50%)
  • FINDERUP INVEST ApS is no longer registered as owner
20116 changesmanagement 4 · ownership 2
  • Martin Finderup appointed director
  • Pia Suzanne Finderup appointed board member
  • Kaj Ove Madsen appointed chair of the board
  • Kaj Ove Madsen stepped down as director
  • KOM HOLDING A/S registered as owner (33.33%)
  • FINDERUP INVEST ApS registered as owner (50%)
20081 changeindustry 1
  • Industry changed to Opførelse af bygninger (412000)
19981 changemanagement 1
  • Martin Finderup appointed board member
19854 changesfounded 1 · management 3
  • Registered as KAJ OVE MADSEN A/S
  • Kaj Ove Madsen appointed director
  • Grethe Madsen appointed board member
  • Henry Thorbjørn Madsen appointed board member

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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