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Keolis Letbaner A/S

Public limited companyCVR 18518090GlostrupActive

Keolis Letbaner A/S is a public limited company, based in Glostrup, active in suburban passenger rail transport, founded in 1995. Net profit fell 30% from 2024 to 2025, ending at DKK 9.1m. Operations are spread over 5 production units in 5 towns. Equity fell to DKK 18.8m in 2025.

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Key figures · financial year 2025

RevenueDKK 124.9m+3.1% vs. 2024
Net profitDKK 9.1m−30.2% vs. 2024
EquityDKK 18.8m−36.8% vs. 2024
Employees227latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 3% (2024 → 2025), to DKK 21.3m.
  • Revenue rose 3% (2024 → 2025), to DKK 124.9m.
  • Net profit fell 30% (2024 → 2025), to DKK 9.1m.
  • Equity fell 37% (2024 → 2025), to DKK 18.8m.

Employees

  • 11 more employees than a year earlier: 227 (08/2026) against 216 (08/2025).

Management and owners, last 24 months

  • Stepped down: Jan Erik Anders Kilström (board member, 08/09/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Suburban passenger rail transport (491200)

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 5bnDKK 10bnDKK 15bnDKK 20bnDKK 25bnDKK 30bnDKK 35bn202020212022202320242025
EquityNet profit
Financial figures for Keolis Letbaner A/S
202020212022202320242025Change
Revenue64,726,28563,68192,196119,286121,162124,870+3.1%
Gross profit––22,22123,31322,10621,337−3.5%
Operating profit (EBIT)9,150,7809,4458,33910,4238,9399,418+5.4%
Profit before tax8,363,4688,9109,29014,91115,01411,079−26.2%
Net profit6,492,9056,9607,57912,43812,9599,050−30.2%
Total assets55,856,67155,52364,81873,77053,37443,721−18.1%
Equity34,814,38741,77439,37136,80929,76818,818−36.8%
Liabilities21,042,28413,74925,44736,96123,60624,898+5.5%
Cash and cash equivalents12,458,48236,29928,37035,02622,05416,816−23.8%
Average number of employees1061511771821871870%

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 200m202020212022202320242025
Gross profitMedian, the industry (3 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 37% from 2024 to 2025 (DKK 29.8m to DKK 18.8m).

    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 Keolis Letbaner A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202420/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202009/07/2021The 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
05010015020025009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

3 companies in the database

Comparison with the other companies in suburban passenger rail transport based on the latest financial year.

EquityDKK 18.8mNo. 2 of 3
Better than 50% of the companies in the industry
Number of employees227No. 2 of 3
Better than 50% of the companies in the industry

Industry median: gross profit DKK 172.1m, net profit DKK 9.1m, equity DKK 18.8m, 187 employees.

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. 727of 763
Better than 5%
No. 642of 796
Better than 19%
Companies that are at least 30 years old10,276 companies in the comparison
No. 2,700of 10,152
Better than 73%
No. 3,514of 10,275
Better than 66%
All companies of type A/S18,025 companies in the comparison
No. 5,651of 17,786
Better than 68%
No. 6,392of 18,024
Better than 65%

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.

Owners and group

from the Public Ownership Register
Owners
Keolis Letbaner A/S

Management

3 active registrations

Executive management

Executive management at Keolis Letbaner A/S
NameRoleAppointed
Thomas Friis BrændstrupCEO01/07/2016

Board of directors

Board of directors at Keolis Letbaner A/S
NameRoleAppointed
Peter Lanng NielsenChair of the board01/07/2016
Julien Georges Louis WolffBoard member26/02/2024
Founders
Preben Bang Henriksen. Aalborg ApS
Former management (20)
Former management at Keolis Letbaner A/S
NameRoleAppointedResigned
Leif Bætz LarsenChair of the board01/05/199509/11/2004
Preben Bang HenriksenDirector01/05/199527/06/1995
Anders KristensenBoard member01/05/199509/11/2004
Carl Arne JensenBoard member01/05/199502/10/2000
Carl Arne JensenDirector01/05/199510/12/1998
Leif Bætz LarsenDirector10/12/199811/01/2008
Jane LarsenBoard member02/10/200009/11/2004
Philip Søren ThorsenDirector11/01/200811/01/2008
Erik HeinDirector11/01/200829/09/2009
Johnny BekDirector29/09/200901/03/2010
Peter Lanng NielsenCEO01/03/201001/07/2016
Marc Emile Willy RenouprezChair of the board30/06/201530/06/2016
Nicolas Luc Daniel VandevyverBoard member30/06/201505/12/2018
Gry Miriam OlsenBoard member30/06/201504/11/2019
Régis Dominique Philippe Marie HennionBoard member30/06/201529/05/2018
Marc Emile Willy RenouprezBoard member01/07/201605/12/2018
Arnaud Van TroeyenBoard member05/12/201805/10/2023
Stéphanie de LilloBoard member05/12/201810/06/2020
Alice Anne Chris CoppolaniBoard member10/06/202026/02/2024
Jan Erik Anders KilströmBoard member05/10/202308/09/2026

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med en direktør, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

5 active production units

Naverland 20
2600 Glostrup

Albertslund Municipality · Postcode 2600

Other companies at the address (2)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Keolis Aarhus Letbane A/SThomas Koppels Gade 313, 8000 Aarhus C1361022116270
Keolis Odense LetbaneSøndre Hospitalsvej 6A, 5260 Odense S911026545419
Keolis Letbaner A/SNaverland 20, 2, 2600 Glostrup11003514147
Keolis Letbaner GrenaaStationsplads 2, 8500 Grenaa11024706768
Keolis Letbaner OdderBanegårdsgade 3, 8300 Odder11024706733

Purpose

Selskabets formål er letbanedrift og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

69 registered events
20262 changesmanagement 1 · accounts 1
  • Jan Erik Anders Kilström stepped down as board member
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Suburban passenger rail transport (491200)
20243 changesaccounts 1 · management 2
  • Annual report for 2023 published
  • Julien Georges Louis Wolff appointed board member
  • Alice Anne Chris Coppolani stepped down as board member
20234 changesmanagement 2 · accounts 1 · address 1
  • Jan Erik Anders Kilström appointed board member
  • Arnaud Van Troeyen stepped down as board member
  • Annual report for 2022 published
  • Moved to Naverland 20, 2, 2600 Glostrup
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaccounts 1 · address 1
  • Annual report for 2020 published
  • Moved to Naverland 4, 1, 2600 Glostrup
20202 changesmanagement 2
  • Alice Anne Chris Coppolani appointed board member
  • Stéphanie de Lillo stepped down as board member
20192 changesmanagement 1 · address 1
  • Gry Miriam Olsen stepped down as board member
  • Moved to Naverland 20, 2600 Glostrup
20186 changesname 1 · management 5
  • Name changed from Keolis Aarhus Letbane A/S to Keolis Letbaner A/S
  • Arnaud Van Troeyen appointed board member
  • Stéphanie de Lillo appointed board member
  • Marc Emile Willy Renouprez stepped down as board member
  • Nicolas Luc Daniel Vandevyver stepped down as board member
  • Régis Dominique Philippe Marie Hennion stepped down as board member
20166 changesindustry 1 · management 5
  • Industry changed to S-togstrafik, metro og andre nærbaner (493120)
  • Thomas Friis Brændstrup appointed ceo
  • Marc Emile Willy Renouprez appointed board member
  • Peter Lanng Nielsen appointed chair of the board
  • Peter Lanng Nielsen stepped down as ceo
  • Marc Emile Willy Renouprez stepped down as chair of the board
20156 changesname 1 · capital 1 · management 4
  • Name changed from NB LEASING 2010 ApS to Keolis Aarhus Letbane A/S
  • Share capital changed from 300,000 DKK to 500,000 DKK
  • Marc Emile Willy Renouprez appointed chair of the board
  • Nicolas Luc Daniel Vandevyver appointed board member
  • Gry Miriam Olsen appointed board member
  • Régis Dominique Philippe Marie Hennion appointed board member
20142 changesaddress 1 · name 1
  • Moved to Naverland 20, 2600 Glostrup
  • Name changed from NETTBUSS LEASING 2010 ApS to NB LEASING 2010 ApS
20107 changesname 2 · capital 1 · address 1 · ownership 1 · management 2
  • Name changed from NETBUS LEASING 2010 ApS to NETTBUSS LEASING 2010 ApS
  • Share capital changed from 200,000 DKK to 300,000 DKK
  • Name changed from NORDJYSK BUSTRAFIK ApS to NETBUS LEASING 2010 ApS
  • Moved to Stamholmen 217, 2650 Hvidovre
  • KEOLIS DANMARK A/S registered as owner (100%)
  • Peter Lanng Nielsen appointed ceo
  • Johnny Bek stepped down as director
20092 changesmanagement 2
  • Johnny Bek appointed director
  • Erik Hein stepped down as director
20085 changesmanagement 4 · industry 1
  • Erik Hein appointed director
  • Philip Søren Thorsen appointed director
  • Philip Søren Thorsen stepped down as director
  • Leif Bætz Larsen stepped down as director
  • Industry changed to Turistkørsel og anden landpassagertransport (493920)
20071 changeaddress 1
  • Moved to Luneborgvej 105, 9382 Tylstrup
20043 changesmanagement 3
  • Jane Larsen stepped down as board member
  • Leif Bætz Larsen stepped down as chair of the board
  • Anders Kristensen stepped down as board member
20031 changeindustry 1
  • Industry changed to Anden landpassagertransport (602300)
20002 changesmanagement 2
  • Jane Larsen appointed board member
  • Carl Arne Jensen stepped down as board member
19982 changesmanagement 2
  • Leif Bætz Larsen appointed director
  • Carl Arne Jensen stepped down as director
19958 changesname 1 · management 6 · founded 1
  • Name changed from PBH NR. 22.814 ApS to NORDJYSK BUSTRAFIK ApS
  • Preben Bang Henriksen stepped down as director
  • Registered as PBH NR. 22.814 ApS
  • Leif Bætz Larsen appointed chair of the board
  • Anders Kristensen appointed board member
  • Preben Bang Henriksen appointed director
  • Carl Arne Jensen appointed director
  • Carl Arne Jensen appointed board member

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Same people in management

Largest in the industry

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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 23/10/2026.

View in CVRReport a correction