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Kelsen Group A/S

Public limited companyCVR 27703666Nørre SnedeActive

Kelsen Group A/S is a public limited company, based in Nørre Snede, active in manufacture of rusks and biscuits; preserved pastry goods and cakes, founded in 2004. Measured by gross profit, it ranks no. 2 of 14 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 30.5m. Operations are spread over 5 production units.

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Key figures · financial year 2025

RevenueDKK 1.2bn+13.6% vs. 2024
Net profit−DKK 30.5m+53.6% vs. 2024
EquityDKK 71.3m−35.5% vs. 2024
Employees361latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 14% (2024 → 2025), to DKK 263.4m.
  • Revenue rose 14% (2024 → 2025), to DKK 1.2bn.
  • The loss got smaller: from DKK 65.7m to DKK 30.5m (2024 → 2025).
  • Equity fell 35% (2024 → 2025), to DKK 71.3m.

Employees

  • 16 fewer employees than a year earlier: 361 (07/2026) against 377 (07/2025).

Management and owners, last 24 months

  • New in management: Jørn Olsen (board member, 27/02/2026), Henrik Mølgaard Christensen (deputy board member, 27/02/2026) and Lars Ebbesen (board member, 27/02/2026).
  • Stepped down: Sonja Lund Jensen (board member, 27/02/2026), Berit Gita Neigaard (board member, 27/02/2026) and Lars Ebbesen (deputy board member, 26/02/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of rusks and biscuits; preserved pastry goods and cakes (107200)

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 200mDKK 0DKK 200mDKK 400mDKK 600m202020212022202320242025
EquityNet profit
Financial figures for Kelsen Group A/S
202020212022202320242025Change
Revenue956,983876,461927,368956,3581,026,4441,165,777+13.6%
Gross profit302,645260,599188,57592,293230,847263,400+14.1%
Operating profit (EBIT)17,53923,425−64,321−148,489−44,695−26,331+41.1%
Profit before tax17,72023,696−65,269−155,880−64,162−43,320+32.5%
Net profit4,74818,783−59,775−160,490−65,702−30,483+53.6%
Total assets923,565782,088807,101768,710761,841807,165+5.9%
Equity660,586454,195295,996173,895110,51571,295−35.5%
Liabilities250,139309,384507,431593,279651,326735,870+13%
Cash and cash equivalents91,668135,49120,78223,94213,91283,444+499.8%
Average number of employees–253243–298294−1.3%

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.

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 (14 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 4 years in a row

    Net result has been negative in 2022–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 35% from 2024 to 2025 (DKK 110.5m to DKK 71.3m).

    How is this calculated?

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

  • Low equity ratio

    Equity makes up 9% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

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 Kelsen Group A/S
Financial yearPeriodPublishedFigures forDocuments
202501/09/2024 – 31/08/202502/03/2026The groupPDF not statedXBRL
202401/09/2023 – 31/08/202424/03/2025The groupPDFXBRL
202301/09/2022 – 31/08/202314/03/2024The groupPDFXBRL
202201/09/2021 – 31/08/202207/03/2023The groupPDFXBRL
202101/09/2020 – 31/08/202106/01/2022The groupPDFXBRL
202001/08/2019 – 31/08/202023/12/2020The 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
05010015020025030035040008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

14 companies in the database

Comparison with the other companies in manufacture of rusks and biscuits; preserved pastry goods and cakes based on the latest financial year.

Gross profitDKK 263.4mNo. 2 of 14
Better than 92% of the companies in the industry
EquityDKK 71.3mNo. 5 of 14
Better than 69% of the companies in the industry
Number of employees361No. 1 of 14
Better than 100% of the companies in the industry

Industry median: gross profit DKK 6.5m, net profit DKK 428k, equity DKK 3.5m, 14 employees.

DKK 769kDKK 3.6mDKK 17mDKK 79.9mDKK 224.3mHere
Distribution of gross profit for 13 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. 194of 763
Better than 75%
No. 468of 796
Better than 41%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 233of 24,791
Better than 99%
No. 1,762of 24,909
Better than 93%
All companies of type A/S18,025 companies in the comparison
No. 585of 17,786
Better than 97%
No. 2,836of 18,024
Better than 84%

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 rusks and biscuits; preserved pastry goods and cakes
Gross profit
  1. Kelsen Group A/SDKK 263.4m
  2. Orkla Snacks Danmark A/SDKK 375.8m
  3. Easyfood A/SDKK 107.5m
Net profit
  1. Kelsen Group A/S−DKK 30.5m
  2. Orkla Snacks Danmark A/SDKK 129.9m
  3. Easyfood A/SDKK 16.8m
Equity
  1. Kelsen Group A/SDKK 71.3m
  2. Orkla Snacks Danmark A/SDKK 218.5m
  3. Easyfood A/SDKK 87.9m
Employees
  1. Kelsen Group A/S361
  2. Orkla Snacks Danmark A/S227
  3. Easyfood A/S191

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
  • Fine Biscuits Company (FBC) SA100%
Kelsen Group A/S

Management

7 active registrations

Executive management

Executive management at Kelsen Group A/S
NameRoleAppointed
Anders Micael HöglundCEO29/09/2023

Board of directors

Board of directors at Kelsen Group A/S
NameRoleAppointed
Christophe Pierre Manfred NeumannChair of the board23/09/2019
Alberto CavallerisBoard member01/01/2023
Birgitte MorellBoard member15/03/2023
Jørn OlsenBoard member27/02/2026
Henrik Mølgaard ChristensenDeputy board member27/02/2026
Lars EbbesenBoard member27/02/2026
Founders
Dansk Cookie Industri A/S
Former management (45)
Former management at Kelsen Group A/S
NameRoleAppointedResigned
Ole Bonde LarsenBoard member22/04/200412/05/2005
Leif Stig Bergvall HansenDirector22/04/200401/08/2004
Orla TopholtBoard member22/04/200405/10/2006
Flemming Skov JensenDeputy chair20/12/200523/04/2007
Flemming Ammentorp ØstergaardChair of the board20/12/200523/04/2007
Steen Thy JensenBoard member20/12/200517/04/2012
Henrik Broksø ThulesenBoard member20/12/200514/05/2008
Brian RønsholdtCEO01/01/200602/07/2020
Carsten Birk NielsenDeputy chair23/04/200717/04/2012
Keld Askær SørensenChair of the board23/04/200708/08/2013
Lars Rabe TønnesenBoard member23/04/200707/05/2009
Anette LarsenBoard member07/08/200712/11/2013
Terkel Esben LaursenDirector07/08/200714/05/2008
Britt Hausted SchmidtDeputy board member26/03/200806/07/2011
Lars JensenDeputy board member26/03/200806/07/2011
Inge HostrupBoard member26/03/200810/05/2017
Peter LundBoard member14/05/200808/08/2013
Hans Christian Korsgård MadsenBoard member14/05/200808/08/2013
Ivan Snogdal ThyregodDirector01/11/200827/02/2009
Erik HøjDirector15/04/200930/04/2014
Gudmund Tyge KorsgaardBoard member07/05/200908/08/2013
Karsten Ørnfeldt SvenssonBoard member06/07/201109/05/2017
Mads WaagepetersenChief financial officer22/05/201201/08/2017
Brian RønsholdtBoard member08/08/201302/07/2020
Andrew RidlerBoard member08/08/201308/09/2014
Richard LandersBoard member08/08/201331/07/2019
Marie Holm JakobsenDeputy board member12/11/201310/05/2017
Karl Kristian Andersen HusballeBoard member12/11/201310/05/2017
Daniel Nick HaydenDeputy board member12/11/201310/05/2017
Luca MigniniChair of the board12/11/201309/05/2019
Fernando di GaetanoDirector02/06/201410/12/2015
Thomas Russell SmithBoard member08/09/201423/09/2019
Claus Hjorth ChristensenBoard member10/05/201714/12/2021
Karsten Ørnfeldt SvenssonDeputy board member10/05/201714/12/2021
Sonja Lund JensenBoard member10/05/201727/02/2026
Kevin James RushDirector01/08/201723/09/2019
Mads WaagepetersenChair of the board09/05/201922/09/2019
Mads WaagepetersenBoard member23/09/201928/09/2023
Mads WaagepetersenDirector23/09/201901/07/2020
Andrea RaccaBoard member23/09/201931/08/2022
Mads WaagepetersenCEO02/07/202029/09/2023
Trine Valther FønsBoard member01/10/202002/06/2021
Berit Gita NeigaardBoard member14/12/202127/02/2026
Lars EbbesenDeputy board member14/12/202126/02/2026
Giorgio GagnorBoard member31/08/202201/01/2023

Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med et medlem af bestyrelsen, af bestyrelsesformanden i forening med en direktør eller af den samlede bestyrelse i forening.

Address and production units

5 active production units

Bredgade 27
8766 Nørre Snede

Ikast-Brande Municipality · Postcode 8766

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
KELSEN GROUP A/SBredgade 27, 8766 Nørre Snede2351003003114
Cookie-LabBredgade 30B, 8766 Nørre Snede1551022760366
KELSEN GROUP A/SØrstedsvej 10, 6760 Ribe1101013220006
Kelsen Group A/S, Lager Fællesvej 32Fællesvej 32, 8766 Nørre Snede151017372609
KELSEN GROUP A/S, Lager Grættrupvej 2Grættrupvej 2, 8766 Nørre Snede01015553169

Purpose

Selskabets formål er direkte eller gennem datterselskaber eller associerede selskaber at udøve virksomhed med udvikling, produktion og handel samt al anden virksomhed, som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

124 registered events
20267 changesaccounts 1 · management 6
  • Annual report for 2025 published
  • Jørn Olsen appointed board member
  • Henrik Mølgaard Christensen appointed deputy board member
  • Lars Ebbesen appointed board member
  • Berit Gita Neigaard stepped down as board member
  • Sonja Lund Jensen stepped down as board member
  • Lars Ebbesen stepped down as deputy board member
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Manufacture of rusks and biscuits; preserved pastry goods and cakes (107200)
20241 changeaccounts 1
  • Annual report for 2023 published
20237 changesmanagement 6 · accounts 1
  • Anders Micael Höglund appointed ceo
  • Mads Waagepetersen stepped down as ceo
  • Mads Waagepetersen stepped down as board member
  • Birgitte Morell appointed board member
  • Annual report for 2022 published
  • Alberto Cavalleris appointed board member
  • Giorgio Gagnor stepped down as board member
20223 changesmanagement 2 · accounts 1
  • Giorgio Gagnor appointed board member
  • Andrea Racca stepped down as board member
  • Annual report for 2021 published
20215 changesmanagement 5
  • Berit Gita Neigaard appointed board member
  • Lars Ebbesen appointed deputy board member
  • Karsten Ørnfeldt Svensson stepped down as deputy board member
  • Claus Hjorth Christensen stepped down as board member
  • Trine Valther Føns stepped down as board member
20209 changesaccounts 1 · management 5 · ownership 2 · capital 1
  • Annual report for 2020 published
  • Trine Valther Føns appointed board member
  • Mads Waagepetersen appointed ceo
  • Brian Rønsholdt stepped down as board member
  • Brian Rønsholdt stepped down as ceo
  • Mads Waagepetersen stepped down as director
  • Fine Biscuits Company (FBC) SA registered as owner (100%)
  • CTH Invest S.A. is no longer registered as owner
  • Share capital changed from 126,897,941 DKK to 127,000,000 DKK
201912 changesmanagement 10 · ownership 2
  • Mads Waagepetersen appointed director
  • Christophe Pierre Manfred Neumann appointed chair of the board
  • Andrea Racca appointed board member
  • Mads Waagepetersen appointed board member
  • Kevin James Rush stepped down as director
  • Thomas Russell Smith stepped down as board member
  • CTH Invest S.A. registered as owner (100%)
  • Campbell Luxembourg Holdings Sàrl is no longer registered as owner
  • Mads Waagepetersen stepped down as chair of the board
  • Richard Landers stepped down as board member
  • Mads Waagepetersen appointed chair of the board
  • Luca Mignini stepped down as chair of the board
201710 changesmanagement 10
  • Kevin James Rush appointed director
  • Mads Waagepetersen stepped down as chief financial officer
  • Karsten Ørnfeldt Svensson appointed deputy board member
  • Sonja Lund Jensen appointed board member
  • Claus Hjorth Christensen appointed board member
  • Marie Holm Jakobsen stepped down as deputy board member
  • Karl Kristian Andersen Husballe stepped down as board member
  • Daniel Nick Hayden stepped down as deputy board member
  • Inge Hostrup stepped down as board member
  • Karsten Ørnfeldt Svensson stepped down as board member
20151 changemanagement 1
  • Fernando di Gaetano stepped down as director
20144 changesmanagement 4
  • Thomas Russell Smith appointed board member
  • Andrew Ridler stepped down as board member
  • Fernando di Gaetano appointed director
  • Erik Høj stepped down as director
201314 changesmanagement 12 · ownership 1 · capital 1
  • Marie Holm Jakobsen appointed deputy board member
  • Karl Kristian Andersen Husballe appointed board member
  • Daniel Nick Hayden appointed deputy board member
  • Luca Mignini appointed chair of the board
  • Anette Larsen stepped down as board member
  • Richard Landers appointed board member
  • Andrew Ridler appointed board member
  • Brian Rønsholdt appointed board member
  • Gudmund Tyge Korsgaard stepped down as board member
  • Hans Christian Korsgård Madsen stepped down as board member
  • Peter Lund stepped down as board member
  • Keld Askær Sørensen stepped down as chair of the board
  • Campbell Luxembourg Holdings Sàrl registered as owner (100%)
  • Share capital changed from 126,108,156 DKK to 126,897,941 DKK
20123 changesmanagement 3
  • Mads Waagepetersen appointed chief financial officer
  • Carsten Birk Nielsen stepped down as deputy chair
  • Steen Thy Jensen stepped down as board member
20115 changesaddress 1 · capital 1 · management 3
  • Moved to Bredgade 27, 8766 Nørre Snede
  • Share capital changed from 125,847,872 DKK to 126,108,156 DKK
  • Karsten Ørnfeldt Svensson appointed board member
  • Britt Hausted Schmidt stepped down as deputy board member
  • Lars Jensen stepped down as deputy board member
20102 changesaddress 1 · merger 1
  • Moved to Bredgade 25-35, 8766 Nørre Snede
  • Merger registered in CVR
20095 changesname 1 · management 4
  • Name changed from DANSK COOKIE INDUSTRI A/S to KELSEN GROUP A/S
  • Gudmund Tyge Korsgaard appointed board member
  • Lars Rabe Tønnesen stepped down as board member
  • Erik Høj appointed director
  • Ivan Snogdal Thyregod stepped down as director
200810 changescapital 1 · management 8 · industry 1
  • Share capital changed from 125,000,000 DKK to 125,847,872 DKK
  • Ivan Snogdal Thyregod appointed director
  • Hans Christian Korsgård Madsen appointed board member
  • Peter Lund appointed board member
  • Terkel Esben Laursen stepped down as director
  • Henrik Broksø Thulesen stepped down as board member
  • Britt Hausted Schmidt appointed deputy board member
  • Inge Hostrup appointed board member
  • Lars Jensen appointed deputy board member
  • Industry changed to Manufacture of rusks and biscuits; preserved pastry goods and cakes (107200)
200711 changesname 1 · management 7 · merger 2 · capital 1
  • Name changed from KELSEN A/S to DANSK COOKIE INDUSTRI A/S
  • Terkel Esben Laursen appointed director
  • Anette Larsen appointed board member
  • Merger registered in CVR
  • Share capital changed from 100,000,000 DKK to 125,000,000 DKK
  • Merger registered in CVR
  • Lars Rabe Tønnesen appointed board member
  • Keld Askær Sørensen appointed chair of the board
  • Carsten Birk Nielsen appointed deputy chair
  • Flemming Skov Jensen stepped down as deputy chair
  • Flemming Ammentorp Østergaard stepped down as chair of the board
20062 changesmanagement 2
  • Orla Topholt stepped down as board member
  • Brian Rønsholdt appointed ceo
20056 changesmanagement 5 · merger 1
  • Flemming Skov Jensen appointed deputy chair
  • Henrik Broksø Thulesen appointed board member
  • Steen Thy Jensen appointed board member
  • Flemming Ammentorp Østergaard appointed chair of the board
  • Merger registered in CVR
  • Ole Bonde Larsen stepped down as board member
20045 changesmanagement 4 · founded 1
  • Leif Stig Bergvall Hansen stepped down as director
  • Registered as KELSEN A/S
  • Leif Stig Bergvall Hansen appointed director
  • Orla Topholt appointed board member
  • Ole Bonde Larsen appointed board member

Related companies

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