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Kaj Ove Madsen A/S Aarhus

Public limited companyCVR 27543367HinnerupActive

Kaj Ove Madsen A/S Aarhus is a public limited company, based in Hinnerup, active in construction of buildings, founded in 2004. The company went from a profit in 2024 to a loss of DKK 56.8m in 2025. With 23 employees, the company is about 5 times larger than the industry median. Equity fell to DKK 36.8m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 61.1m−1,516.1% vs. 2024
Net profit−DKK 56.8m−3,280.5% vs. 2024
EquityDKK 36.8m−35.6% vs. 2024
Employees23latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 1,516% (2024 → 2025), to −DKK 61.1m.
  • Net profit went from a profit of DKK 1.8m to a loss of DKK 56.8m (2024 → 2025).
  • Equity fell 36% (2024 → 2025), to DKK 36.8m.

Employees

  • 5 fewer employees than a year earlier: 23 (08/2026) against 28 (08/2025).

Registrations, last 24 months

  • 27/08/2026: Share capital changed from 1,000,000 DKK to 9,000,000 DKK
  • 29/12/2025: Share capital changed from 500,000 DKK to 1,000,000 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 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
EquityNet profit
Financial figures for Kaj Ove Madsen A/S Aarhus
202020212022202320242025Change
Revenue444,441367,021396,493373,719382,139not stated–
Gross profit72,84056,89637,69716,6134,311−61,051−1,516.1%
Operating profit (EBIT)45,63631,44818,0497,892−3,352−70,195−1,994%
Profit before tax42,36634,2035,62711,0622,215−72,966−3,393.8%
Net profit33,00526,4174,4118,3961,786−56,812−3,280.5%
Total assets166,541144,335125,968133,915142,400116,058−18.5%
Equity77,34073,65754,66860,64257,12936,808−35.6%
Liabilities76,21952,82354,28160,05571,78078,791+9.8%
Cash and cash equivalents51,09420,60215,39213,69355225,507+4,520.1%
Average number of employees484551313327−18.2%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 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 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
Gross profitMedian, the industry (914 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 36% from 2024 to 2025 (DKK 57.1m to DKK 36.8m).

    How is this calculated?

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

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 Aarhus
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202524/06/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202412/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The groupPDFXBRL
202201/01/2022 – 31/12/202231/03/2023The groupPDFXBRL
202101/01/2021 – 31/12/202104/04/2022The groupPDFXBRL
202001/01/2020 – 31/12/202006/04/2021The groupPDFXBRL

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
051015202530354009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 profit−DKK 61.1mNo. 910 of 910
Better than 0% of the companies in the industry
EquityDKK 36.8mNo. 86 of 914
Better than 91% of the companies in the industry
Number of employees23No. 143 of 914
Better than 84% 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 351.9m
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 20–49 employees9,922 companies in the comparison
No. 9,883of 9,892
Better than 0%
No. 980of 9,922
Better than 90%
Same industry and 20–49 employees128 companies in the comparison
No. 127of 127
Better than 0%
No. 15of 128
Better than 89%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 24,781of 24,791
Better than 0%
No. 2,942of 24,909
Better than 88%
All companies of type A/S18,025 companies in the comparison
No. 17,763of 17,786
Better than 0%
No. 4,363of 18,024
Better than 76%

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/S Aarhus−DKK 61.1m
  2. Per Aarsleff A/SDKK 739.2m
  3. NCC Danmark A/SDKK 720.4m
Net profit
  1. Kaj Ove Madsen A/S Aarhus−DKK 56.8m
  2. Per Aarsleff A/SDKK 279.8m
  3. NCC Danmark A/SDKK 316.9m
Equity
  1. Kaj Ove Madsen A/S AarhusDKK 36.8m
  2. Per Aarsleff A/SDKK 1.5bn
  3. NCC Danmark A/SDKK 538.1m
Employees
  1. Kaj Ove Madsen A/S Aarhus23
  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
  • Finderup Invest ApS25%
  • Kom Holding A/S25% · 33.33% votes
  • Medarbejderselskabet Kaj Ove Madsen ApS Aarhus10% · 0% votes
  • Morten Thøgersen Holding ApS25% · 33.33% votes
Kaj Ove Madsen A/S Aarhus

Management

6 active registrations

Executive management

Executive management at Kaj Ove Madsen A/S Aarhus
NameRoleAppointed
Morten ThøgersenDirector01/01/2004

Board of directors

Board of directors at Kaj Ove Madsen A/S Aarhus
NameRoleAppointed
Morten ThøgersenBoard member01/01/2004
Kaj Ove MadsenBoard member01/01/2004
Martin FinderupChair of the board01/01/2004
Morten Fendinge OlsenBoard member15/08/2012
Lars Winther JensenBoard member23/04/2019
Founders
Finderup Invest ApS, Morten Thøgersen Holding ApS, K.o.m. Invest A/S
Former management (1)
Former management at Kaj Ove Madsen A/S Aarhus
NameRoleAppointedResigned
Jens Ole Svinth SuhrBoard member29/07/200412/05/2010

Signing rule: Selskabet tegnes af hele bestyrelsen i forening eller af en direktør i forening med bestyrelsesformanden. Bestyrelsen kan meddele prokura.

Address and production units

1 active production units

Læsøvej 6
8382 Hinnerup

Favrskov Municipality · Postcode 8382

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
KAJ OVE MADSEN A/S AARHUSLæsøvej 6, 8382 Hinnerup231010327780

Purpose

Selskabets formål er at drive entreprenørvirksomhed og i forbindelse hermed stående aktiviteter.

The purpose is quoted from the register in Danish.

Changes year by year

32 registered events
20262 changescapital 1 · accounts 1
  • Share capital changed from 1,000,000 DKK to 9,000,000 DKK
  • Annual report for 2025 published
20252 changescapital 1 · accounts 1
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20193 changesownership 2 · management 1
  • MORTEN THØGERSEN HOLDING ApS registered as owner (25%)
  • MORTEN THØGERSEN HOLDING ApS is no longer registered as owner
  • Lars Winther Jensen appointed board member
20187 changesownership 7
  • FINDERUP INVEST ApS registered as owner (25%)
  • MORTEN THØGERSEN HOLDING ApS registered as owner (33.33%)
  • KOM HOLDING A/S registered as owner (25%)
  • Medarbejderselskabet Kaj Ove Madsen ApS Aarhus registered as owner (10%)
  • KOM HOLDING A/S is no longer registered as owner
  • MORTEN THØGERSEN HOLDING ApS is no longer registered as owner
  • FINDERUP INVEST ApS is no longer registered as owner
20124 changesmanagement 1 · ownership 3
  • Morten Fendinge Olsen appointed board member
  • KOM HOLDING A/S registered as owner (33.33%)
  • MORTEN THØGERSEN HOLDING ApS registered as owner (33.33%)
  • FINDERUP INVEST ApS registered as owner (25%)
20111 changeaddress 1
  • Moved to Læsøvej 6, 8382 Hinnerup
20101 changemanagement 1
  • Jens Ole Svinth Suhr stepped down as board member
20081 changeindustry 1
  • Industry changed to Opførelse af bygninger (412000)
20061 changeaddress 1
  • Moved to Grønnegade 2, 2. tv, 8000 Århus C
20046 changesmanagement 5 · founded 1
  • Jens Ole Svinth Suhr appointed board member
  • Registered as KAJ OVE MADSEN A/S AARHUS
  • Martin Finderup appointed chair of the board
  • Kaj Ove Madsen appointed board member
  • Morten Thøgersen appointed board member
  • Morten Thøgersen appointed director

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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