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Kingo Karlsen A/S

Public limited companyCVR 21791733SilkeborgActive

Kingo Karlsen A/S is a public limited company, based in Silkeborg, active in demolition, founded in 1999. Measured by gross profit, it ranks no. 3 of 89 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 5.7m. Operations are spread over 8 production units in 6 towns.

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Key figures · financial year 2025

Gross profitDKK 144.1m+93.1% vs. 2024
Net profit−DKK 5.7m+85.5% vs. 2024
EquityDKK 9.4m+11,021.1% vs. 2024
Employees231latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 93% (2024 → 2025), to DKK 144.1m.
  • The loss got smaller: from DKK 39.4m to DKK 5.7m (2024 → 2025).
  • Equity rose 11,021% (2024 → 2025), to DKK 9.4m.

Employees

  • 16 more employees than a year earlier: 231 (07/2026) against 215 (07/2025).

Management and owners, last 24 months

  • New in management: John Jørgen Funch (ceo, 01/02/2025), Hans Trærup (chair of the board, 30/06/2025) and Thomas Raunsbæk (board member, 21/05/2026).
  • Stepped down: Eskild Lyngholm (chair of the board, 30/06/2025), Michael Søndergaard (ceo, 01/02/2025) and Klavs Christensen Hornum (board member, 21/05/2026) (+2).

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 40m−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Kingo Karlsen A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit40,08783,93991,602105,39174,593144,069+93.1%
Operating profit (EBIT)−34,8075,8517,9937,588−48,409−3,526+92.7%
Profit before tax−35,1385,0597,5998,203−50,276−7,290+85.5%
Net profit−27,6923,9555,6806,414−39,368−5,708+85.5%
Total assets133,929121,171122,991150,107168,713181,788+7.7%
Equity427,35833,03939,452849,376+11,021.1%
Liabilities118,23587,93680,81593,017140,769143,361+1.8%
Cash and cash equivalents297,606125415178−48.2%
Average number of employees130135134143177212+19.8%

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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
Gross profitMedian, the industry (89 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

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

  • Low equity ratio

    Equity makes up 5% 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 Kingo Karlsen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202522/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202407/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/02/2022The companyPDFXBRL
202001/01/2020 – 31/12/202016/07/2021The 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
05010015020025008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

89 companies in the database

Comparison with the other companies in demolition based on the latest financial year.

Gross profitDKK 144.1mNo. 3 of 89
Better than 98% of the companies in the industry
EquityDKK 9.4mNo. 12 of 89
Better than 88% of the companies in the industry
Number of employees231No. 3 of 89
Better than 98% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 311k, equity DKK 866k, 6 employees.

DKK 224kDKK 1.3mDKK 8mDKK 47.9mDKK 157.8mHere
Distribution of gross profit for 85 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. 423of 763
Better than 45%
No. 685of 796
Better than 14%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 482of 24,791
Better than 98%
No. 6,971of 24,909
Better than 72%
All companies of type A/S18,025 companies in the comparison
No. 1,106of 17,786
Better than 94%
No. 9,010of 18,024
Better than 50%

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

Demolition
Gross profit
  1. Kingo Karlsen A/SDKK 144.1m
  2. Tscherning A/SDKK 286.4m
  3. P. Olesen og Sønner A/SDKK 172.7m
Net profit
  1. Kingo Karlsen A/S−DKK 5.7m
  2. Tscherning A/SDKK 12.7m
  3. P. Olesen og Sønner A/SDKK 33.6m
Equity
  1. Kingo Karlsen A/SDKK 9.4m
  2. Tscherning A/SDKK 80.4m
  3. P. Olesen og Sønner A/SDKK 86.5m
Employees
  1. Kingo Karlsen A/S231
  2. Tscherning A/S499
  3. P. Olesen og Sønner A/S226

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
Kingo Karlsen A/S

Management

6 active registrations

Executive management

Executive management at Kingo Karlsen A/S
NameRoleAppointed
John Jørgen FunchCEO01/02/2025

Board of directors

Board of directors at Kingo Karlsen A/S
NameRoleAppointed
Thomas Kingo Hede KarlsenBoard member01/07/1999
Jesper Vedsø KroghBoard member06/08/2013
Kristian Birch PedersenBoard member06/08/2013
Hans TrærupChair of the board30/06/2025
Thomas RaunsbækBoard member21/05/2026
Founders
Thomas Kingo Hede Karlsen
Former management (9)
Former management at Kingo Karlsen A/S
NameRoleAppointedResigned
Bjarne LysgaardBoard member01/07/199931/01/2002
Holger MadsenChair of the board01/07/199925/04/2001
Thomas Kingo Hede KarlsenDirector01/07/199901/09/2020
Eskild LyngholmChair of the board25/04/200130/06/2025
Kaj Villy JensenBoard member31/01/200206/08/2013
Michael SøndergaardCEO01/09/202001/02/2025
Klavs Christensen HornumBoard member24/06/202121/05/2026
John Jørgen FunchDirector18/03/202431/01/2025
Mads Kastell KalhøjDirector18/03/202430/11/2024

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

Address and production units

8 active production units

F.L.Smidths Vej 17
8600 Silkeborg

Silkeborg Municipality · Postcode 8600

Other companies at the address (3)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
KINGO KARLSEN A/SF.L.Smidths Vej 17, 8600 Silkeborg1611001783308
Kingo Karlsen A/SEgegårdsvej 7, 4621 Gadstrup411014109591
Kingo Karlsen A/S, AalborgLundeborgvej 12, 9220 Aalborg Øst111022057347
Kingo Karlsen A/S OdenseAgerhatten 16B, 1, 5220 Odense SØ91025096246
PartisalgHøjgårdsvej 25, 8620 Kjellerup91028498736
Kingo Karlsen A/S, EsbjergKanalen 1, 6700 Esbjerg11025097080
Genbrug og jordmodtagelseF.L.Smidths Vej 17, 8600 Silkeborg01018350064
Kingo GenbrugHøjgårdsvej 25, 8620 Kjellerup–1031343743

Purpose

Selskabets formål er at drive håndværk, industri og handel og anden hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Thomas Raunsbæk appointed board member
  • Klavs Christensen Hornum stepped down as board member
20256 changesaccounts 1 · management 5
  • Annual report for 2024 published
  • Hans Trærup appointed chair of the board
  • Eskild Lyngholm stepped down as chair of the board
  • John Jørgen Funch appointed ceo
  • Michael Søndergaard stepped down as ceo
  • John Jørgen Funch stepped down as director
20244 changesmanagement 3 · accounts 1
  • Mads Kastell Kalhøj stepped down as director
  • Annual report for 2023 published
  • John Jørgen Funch appointed director
  • Mads Kastell Kalhøj appointed director
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaccounts 1 · capital 1 · management 1
  • Annual report for 2020 published
  • Share capital changed from 625,000 DKK to 5,000,000 DKK
  • Klavs Christensen Hornum appointed board member
20202 changesmanagement 2
  • Michael Søndergaard appointed ceo
  • Thomas Kingo Hede Karlsen stepped down as director
20171 changeaddress 1
  • Moved to F.L.Smidths Vej 17, 8600 Silkeborg
20133 changesmanagement 3
  • Jesper Vedsø Krogh appointed board member
  • Kristian Birch Pedersen appointed board member
  • Kaj Villy Jensen stepped down as board member
20102 changesaddress 1 · capital 1
  • Moved to F.L.Smidths Vej 17, 8600 Silkeborg
  • Share capital changed from 500,000 DKK to 625,000 DKK
20081 changeindustry 1
  • Industry changed to Demolition (431100)
20071 changeaddress 1
  • Moved to Herningvej 106, 8600 Silkeborg
20061 changeownership 1
  • Kingo Group A/S registered as owner (100%)
20022 changesmanagement 2
  • Kaj Villy Jensen appointed board member
  • Bjarne Lysgaard stepped down as board member
20012 changesmanagement 2
  • Eskild Lyngholm appointed chair of the board
  • Holger Madsen stepped down as chair of the board
19995 changesfounded 1 · management 4
  • Registered as KINGO KARLSEN A/S
  • Thomas Kingo Hede Karlsen appointed board member
  • Bjarne Lysgaard appointed board member
  • Thomas Kingo Hede Karlsen appointed director
  • Holger Madsen appointed chair of the board

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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 23/10/2026.

View in CVRReport a correction