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Karstensens Skibsværft A/S

Public limited companyCVR 10859581SkagenActive

Karstensens Skibsværft A/S is a public limited company, based in Skagen, active in building of ships and floating structures, founded in 1987. Measured by gross profit, it ranks no. 2 of 15 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 37.6m. With 487 employees, the company is about 17 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 2bn+10.4% vs. 2024
Net profit−DKK 37.6m−5.9% vs. 2024
EquityDKK 164.8m+103.6% vs. 2024
Employees487latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 28% (2024 → 2025), to DKK 276.3m.
  • Revenue rose 10% (2024 → 2025), to DKK 2bn.
  • The loss grew: from DKK 35.5m to DKK 37.6m (2024 → 2025).
  • Equity rose 104% (2024 → 2025), to DKK 164.8m.

Employees

  • 51 more employees than a year earlier: 487 (08/2026) against 436 (08/2025).

Management and owners, last 24 months

  • New in management: Michael Kjølholm Jensen (board member, 30/01/2026).
  • Stepped down: Allan Nordal Nielsen (board member, 30/01/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Building of ships and floating structures (301100)

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 50mDKK 0DKK 50mDKK 100mDKK 150m202020212022202320242025
EquityNet profit
Financial figures for Karstensens Skibsværft A/S
202020212022202320242025Change
Revenue1,395,3851,415,6381,739,6751,923,4971,789,9971,976,480+10.4%
Gross profit188,062201,966168,135206,652215,917276,291+28%
Operating profit (EBIT)−13,6611,943−35,072−2,923−14,40311,009+176.4%
Profit before tax−17,858−5,191−38,451−20,820−47,084−49,770−5.7%
Net profit−13,359−3,056−28,737−13,398−35,524−37,610−5.9%
Total assets625,635534,561700,0191,100,4641,366,2891,160,605−15.1%
Equity80,29185,236103,997140,70480,943164,816+103.6%
Liabilities537,502440,160589,281936,2721,253,155980,621−21.7%
Cash and cash equivalents92,49282,29230,93784,25729,150121,851+318%
Average number of employees385350337345378406+7.4%

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.

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

DKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320242025
Gross profitMedian, the industry (15 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Karstensens Skibsværft A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202301/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202125/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202010/05/2021The 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
010020030040050009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

15 companies in the database

Comparison with the other companies in building of ships and floating structures based on the latest financial year.

Gross profitDKK 276.3mNo. 2 of 15
Better than 93% of the companies in the industry
EquityDKK 164.8mNo. 2 of 15
Better than 93% of the companies in the industry
Number of employees487No. 2 of 15
Better than 93% of the companies in the industry

Industry median: gross profit DKK 10.1m, net profit DKK 804k, equity DKK 6.5m, 28 employees.

DKK 1.9mDKK 10.6mDKK 59.4mDKK 334.2mDKK 1.1bnHere
Distribution of gross profit for 12 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. 172of 763
Better than 78%
No. 304of 796
Better than 62%
Companies that are at least 30 years old10,276 companies in the comparison
No. 328of 10,152
Better than 97%
No. 892of 10,275
Better than 91%
All companies of type A/S18,025 companies in the comparison
No. 557of 17,786
Better than 97%
No. 1,637of 18,024
Better than 91%

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

Building of ships and floating structures
Gross profit
  1. Karstensens Skibsværft A/SDKK 276.3m
  2. Viking Life-saving Equipment A/SDKK 1.9bn
  3. HVACON Marine Systems A/SDKK 72.6m
Net profit
  1. Karstensens Skibsværft A/S−DKK 37.6m
  2. Viking Life-saving Equipment A/SDKK 360.2m
  3. HVACON Marine Systems A/SDKK 35.5m
Equity
  1. Karstensens Skibsværft A/SDKK 164.8m
  2. Viking Life-saving Equipment A/SDKK 1.6bn
  3. HVACON Marine Systems A/SDKK 60.5m
Employees
  1. Karstensens Skibsværft A/S487
  2. Viking Life-saving Equipment A/S493
  3. HVACON Marine Systems A/S26

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
  • Karstensen Gruppen A/S100%
Karstensens Skibsværft A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

9 active registrations

Executive management

Executive management at Karstensens Skibsværft A/S
NameRoleAppointed
Knud Degn KarstensenDirector29/06/1987
Kent DamgaardDirector14/05/2013
Kim JensenDirector25/06/2024

Board of directors

Board of directors at Karstensens Skibsværft A/S
NameRoleAppointed
Knud Degn KarstensenBoard member01/09/2000
Jens Koefoed StadumChair of the board01/04/2016
Kent DamgaardBoard member28/04/2020
Carsten LundholmBoard member31/05/2022
Diddan Rahn KarstensenBoard member25/06/2024
Michael Kjølholm JensenBoard member30/01/2026
Founders
Knud Degn Karstensen, Nils Juul Suhr Nordestgaard, Niels Degn Karstensen
Former management (35)
Former management at Karstensens Skibsværft A/S
NameRoleAppointedResigned
Niels Erik HansenBoard member29/06/198728/05/1999
Kresten Dyhrberg NielsenBoard member29/06/198711/04/2008
Arne NielsenBoard member29/06/198730/05/2000
Villy JohansenBoard member29/06/198726/05/1998
Villum Helge SvendsenBoard member29/06/198716/05/1995
Søren NielsenBoard member29/06/198726/05/1998
Kai Willy JensenDeputy board member29/06/198726/05/1998
Tage RishøjDirector01/11/199701/01/2019
Børge AndersenBoard member21/04/199830/05/2000
Allan Juel PoulsenBoard member26/05/199828/05/2002
Ivan Kyhl JohansenDeputy board member26/05/199828/05/2002
Torben HolmagerBoard member26/05/199828/05/2002
Preben René EjsenhardtDeputy board member26/05/199828/05/2002
David Degn KarstensenBoard member30/05/200011/04/2008
Torben RavnBoard member30/05/200001/09/2000
Flemming Torsten Diget ChristensenBoard member28/05/200205/05/2006
Jesper LarsenBoard member28/05/200203/09/2010
Kent DamgaardBoard member28/05/200214/05/2013
Niels Søren NielsenDeputy board member28/05/200205/05/2006
Brian Jørgensen HuusBoard member05/05/200611/04/2008
Rune ThomsenBoard member11/04/200825/05/2009
Benny Haugaard KristensenBoard member11/04/200828/04/2020
Tage RishøjBoard member17/09/200914/05/2013
Kim FrandsenBoard member03/09/201027/04/2015
Flemming Gajhede ChristensenBoard member03/09/201027/04/2015
Carsten LundholmDeputy board member03/09/201026/04/2015
Kim JensenBoard member14/05/201325/06/2024
Claus HansenBoard member14/05/201301/04/2016
Per PedersenDeputy board member27/04/201511/04/2019
Carsten LundholmBoard member27/04/201510/04/2019
Lars PjedstedBoard member27/04/201501/08/2018
Allan Nordal NielsenDeputy board member27/04/201531/07/2018
Allan Nordal NielsenBoard member01/08/201830/01/2026
Henrik VanggaardBoard member11/04/201931/05/2021
Carsten LundholmDeputy board member11/04/201930/05/2022

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

Address and production units

2 active production units

Vestre Strandvej 17
9990 Skagen

Frederikshavn Municipality · Postcode 9990

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
KARSTENSENS SKIBSVÆRFT A/SVestre Strandvej 17, 9990 Skagen2481000143193
Karstensens Skibsværft A/SVestre Tværmole 28-32, 9990 Skagen2341021766867

Purpose

Selskabets formål er at drive skibsvætft samt enhver i forbindelse hermed stående virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

101 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Michael Kjølholm Jensen appointed board member
  • Allan Nordal Nielsen stepped down as board member
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Building of ships and floating structures (301100)
20244 changesaccounts 1 · management 3
  • Annual report for 2023 published
  • Diddan Rahn Karstensen appointed board member
  • Kim Jensen appointed director
  • Kim Jensen stepped down as board member
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesmanagement 2 · accounts 1
  • Carsten Lundholm appointed board member
  • Carsten Lundholm stepped down as deputy board member
  • Annual report for 2021 published
20212 changesmanagement 1 · accounts 1
  • Henrik Vanggaard stepped down as board member
  • Annual report for 2020 published
20202 changesmanagement 2
  • Kent Damgaard appointed board member
  • Benny Haugaard Kristensen stepped down as board member
20195 changesmanagement 5
  • Carsten Lundholm appointed deputy board member
  • Henrik Vanggaard appointed board member
  • Per Pedersen stepped down as deputy board member
  • Carsten Lundholm stepped down as board member
  • Tage Rishøj stepped down as director
20186 changesaddress 3 · management 3
  • Moved to Vestre Strandvej 17, 9990 Skagen
  • Moved to Vestre Strandvej 17, 9990 Skagen
  • Allan Nordal Nielsen appointed board member
  • Lars Pjedsted stepped down as board member
  • Allan Nordal Nielsen stepped down as deputy board member
  • Moved to Vestre Strandvej 17, 9990 Skagen
20173 changesownership 3
  • Karstensen Gruppen A/S registered as owner (100%)
  • KDK HOLDING FOND A/S is no longer registered as owner
  • KASHIP HOLDING ApS is no longer registered as owner
20164 changesownership 2 · management 2
  • KDK HOLDING FOND A/S registered as owner (50%)
  • KDK HOLDING ApS is no longer registered as owner
  • Jens Koefoed Stadum appointed chair of the board
  • Claus Hansen stepped down as board member
20157 changesmanagement 7
  • Lars Pjedsted appointed board member
  • Per Pedersen appointed deputy board member
  • Allan Nordal Nielsen appointed deputy board member
  • Carsten Lundholm appointed board member
  • Flemming Gajhede Christensen stepped down as board member
  • Kim Frandsen stepped down as board member
  • Carsten Lundholm stepped down as deputy board member
20137 changesmanagement 5 · ownership 2
  • Claus Hansen appointed board member
  • Kent Damgaard appointed director
  • Kim Jensen appointed board member
  • Tage Rishøj stepped down as board member
  • Kent Damgaard stepped down as board member
  • KDK HOLDING ApS registered as owner (50%)
  • KASHIP HOLDING ApS registered as owner (33.33%)
20104 changesmanagement 4
  • Flemming Gajhede Christensen appointed board member
  • Carsten Lundholm appointed deputy board member
  • Kim Frandsen appointed board member
  • Jesper Larsen stepped down as board member
20092 changesmanagement 2
  • Tage Rishøj appointed board member
  • Rune Thomsen stepped down as board member
20086 changesmanagement 5 · industry 1
  • Benny Haugaard Kristensen appointed board member
  • Rune Thomsen appointed board member
  • Brian Jørgensen Huus stepped down as board member
  • David Degn Karstensen stepped down as board member
  • Kresten Dyhrberg Nielsen stepped down as board member
  • Industry changed to Building of ships and floating structures (301100)
20071 changeaddress 1
  • Moved to Vestre Strandvej 19, 9990 Skagen
20063 changesmanagement 3
  • Brian Jørgensen Huus appointed board member
  • Niels Søren Nielsen stepped down as deputy board member
  • Flemming Torsten Diget Christensen stepped down as board member
20028 changesmanagement 8
  • Kent Damgaard appointed board member
  • Niels Søren Nielsen appointed deputy board member
  • Jesper Larsen appointed board member
  • Flemming Torsten Diget Christensen appointed board member
  • Ivan Kyhl Johansen stepped down as deputy board member
  • Preben René Ejsenhardt stepped down as deputy board member
  • Torben Holmager stepped down as board member
  • Allan Juel Poulsen stepped down as board member
20007 changesmanagement 6 · address 1
  • Knud Degn Karstensen appointed board member
  • Torben Ravn stepped down as board member
  • Moved to Vestre Strandvej 19, 9990 Skagen
  • David Degn Karstensen appointed board member
  • Torben Ravn appointed board member
  • Børge Andersen stepped down as board member
  • Arne Nielsen stepped down as board member
19991 changemanagement 1
  • Niels Erik Hansen stepped down as board member
19988 changesmanagement 8
  • Ivan Kyhl Johansen appointed deputy board member
  • Preben René Ejsenhardt appointed deputy board member
  • Torben Holmager appointed board member
  • Allan Juel Poulsen appointed board member
  • Kai Willy Jensen stepped down as deputy board member
  • Søren Nielsen stepped down as board member
  • Villy Johansen stepped down as board member
  • Børge Andersen appointed board member
19971 changemanagement 1
  • Tage Rishøj appointed director
19961 changecapital 1
  • Share capital changed from 300,000 DKK to 1,000,000 DKK
19951 changemanagement 1
  • Villum Helge Svendsen stepped down as board member
19879 changesfounded 1 · management 8
  • Registered as KARSTENSENS SKIBSVÆRFT A/S
  • Niels Erik Hansen appointed board member
  • Kai Willy Jensen appointed deputy board member
  • Søren Nielsen appointed board member
  • Villum Helge Svendsen appointed board member
  • Villy Johansen appointed board member
  • Arne Nielsen appointed board member
  • Kresten Dyhrberg Nielsen appointed board member
  • Knud Degn Karstensen appointed director

Related companies

Same industry in Frederikshavn

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.

View in CVRReport a correction