Kingo Recycling A/S
Public limited companyCVR 39162555SilkeborgActive
Kingo Recycling A/S is a public limited company, based in Silkeborg, active in remediation activities and other waste management services, founded in 2017. Net profit fell 43% from 2024 to 2025, ending at DKK 2.4m. Measured by gross profit, it ranks no. 2 of 16 companies in the industry in the database. Operations are spread over 3 production units in 3 towns.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 22% (2024 → 2025), to DKK 13.2m.
- Net profit fell 43% (2024 → 2025), to DKK 2.4m.
- Equity rose 17% (2024 → 2025), to DKK 16.1m.
Employees
- 2 more employees than a year earlier: 19 (07/2026) against 17 (07/2025).
Management and owners, last 24 months
- New in management: Thor Jespersen (chair of the board, 30/06/2025), Anne Zachariassen (board member, 30/06/2025) and Søren Bro (ceo, 01/01/2026) (+2).
- Stepped down: Eskild Lyngholm (chair of the board, 30/06/2025), Willy Pedersen (board member, 25/03/2025) and Annemette Fuglsang (ceo, 01/10/2025) (+2).
Registrations, last 24 months
- 01/01/2025: Industry changed to Remediation activities and other waste management services (390000)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 11,611 | 18,799 | 17,794 | 15,582 | 16,859 | 13,191 | −21.8% |
| Operating profit (EBIT) | 1,957 | 5,558 | 5,395 | 3,275 | 4,321 | 60 | −98.6% |
| Profit before tax | 2,166 | 5,649 | 5,999 | 3,634 | 5,218 | 2,559 | −50.9% |
| Net profit | 1,671 | 4,409 | 4,790 | 2,919 | 4,147 | 2,356 | −43.2% |
| Total assets | 45,123 | 37,945 | 35,661 | 34,719 | 60,191 | 51,585 | −14.3% |
| Equity | 8,946 | 6,355 | 6,645 | 9,564 | 13,710 | 16,067 | +17.2% |
| Liabilities | 36,177 | 31,590 | 29,016 | 25,156 | 46,481 | 35,518 | −23.6% |
| Cash and cash equivalents | 384 | 2,473 | 1,078 | 370 | 297 | 1,047 | +252.9% |
| Average number of employees | 14 | 15 | 17 | 14 | 14 | 16 | +14.3% |
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
Signals from the financial statements
calculated from the 2025 figuresProfit 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 21/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 06/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 25/03/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 11/04/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 16/02/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 30/06/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
16 companies in the databaseComparison with the other companies in remediation activities and other waste management services based on the latest financial year.
Industry median: gross profit DKK 2.3m, net profit DKK 333k, equity DKK 648k, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 2,998of 69,742 Better than 96% | No. 6,687of 69,964 Better than 90% |
| Same industry and fewer than 20 employees15 companies in the comparison | No. 2of 15 Better than 93% | No. 1of 15 Better than 100% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 3,246of 33,588 Better than 90% | No. 2,705of 33,687 Better than 92% |
| All companies of type A/S18,025 companies in the comparison | No. 7,755of 17,786 Better than 56% | No. 6,968of 18,024 Better than 61% |
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
Remediation activities and other waste management services- Kingo Recycling A/SDKK 13.2m
- MiljøExperten A/SDKK 13.5m
- Damasec Mine Action Systems ApSDKK 10.1m
- Kingo Recycling A/SDKK 2.4m
- MiljøExperten A/SDKK 7.7m
- Damasec Mine Action Systems ApSDKK 4.2m
- Kingo Recycling A/SDKK 16.1m
- MiljøExperten A/SDKK 12.8m
- Damasec Mine Action Systems ApSDKK 2.2m
- Kingo Recycling A/S19
- MiljøExperten A/S13
- Damasec Mine Action Systems ApS8
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterSubsidiaries are shown only if they are in the database.
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Søren Bro | CEO | 01/01/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Thomas Kingo Hede Karlsen | Board member | 14/12/2017 |
| Thor Jespersen | Chair of the board | 30/06/2025 |
| Anne Zachariassen | Board member | 30/06/2025 |
- Founders
- Kingo Group A/S
Former management (11)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Willy Pedersen | Director | 14/12/2017 | 01/02/2019 |
| Eskild Lyngholm | Chair of the board | 14/12/2017 | 30/06/2025 |
| Henrik Hansen | Board member | 14/12/2017 | 26/04/2021 |
| Willy Pedersen | Board member | 25/01/2019 | 25/03/2025 |
| Allan Leth | CEO | 01/02/2019 | 30/03/2020 |
| Willy Pedersen | CEO | 30/03/2020 | 01/09/2020 |
| Jens Evald Jensen | CEO | 01/09/2020 | 31/08/2023 |
| Annemette Fuglsang | Board member | 15/03/2022 | 31/08/2023 |
| Annemette Fuglsang | CEO | 01/09/2023 | 01/10/2025 |
| Peter Uffe Märcher Karlsen | Board member | 25/03/2025 | 30/06/2025 |
| Thomas Kingo Hede Karlsen | CEO | 01/10/2025 | 01/01/2026 |
Signing rule: Selskabet tegnes af en direktør i forening med to bestyrelsesmedlemmer eller af tre bestyrelsesmedlemmer i forening.
Address and production units
3 active production unitsF.L.Smidths Vej 17
8600 Silkeborg
Silkeborg Municipality · Postcode 8600
Other companies at the address (3)
- Kingo Karlsen A/SDemolition
- Engo 5 ApSRenting of commercial property
- Kingo Group A/SBusiness and other management consultancy activities
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Kingo Recycling A/S | F.L.Smidths Vej 17, 8600 Silkeborg | 20 | 1023120557 |
| Kingo Recycling A/S Ringkøbing | Novej 41, 6950 Ringkøbing | 2 | 1026668510 |
| Kingo Recycling A/S Aalborg | Lundeborgvej 12, 1, 9220 Aalborg Øst | 1 | 1023149989 |
Purpose
Selskabets formål er recycling, herunder rensning af forurenet jord og genanvendelse af byggematerialer som beton, tegl, asfalt, træ m.v., samt anden hermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
37 registered events20263 changesaccounts 1 · management 2
- AccountsAnnual report for 2025 published
- ManagementSøren Bro appointed ceo
- ManagementThomas Kingo Hede Karlsen stepped down as ceo
202510 changesmanagement 8 · accounts 1 · industry 1
- ManagementThomas Kingo Hede Karlsen appointed ceo
- ManagementAnnemette Fuglsang stepped down as ceo
- AccountsAnnual report for 2024 published
- ManagementAnne Zachariassen appointed board member
- ManagementThor Jespersen appointed chair of the board
- ManagementPeter Uffe Märcher Karlsen stepped down as board member
- ManagementEskild Lyngholm stepped down as chair of the board
- ManagementPeter Uffe Märcher Karlsen appointed board member
- ManagementWilly Pedersen stepped down as board member
- IndustryIndustry changed to Remediation activities and other waste management services (390000)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20234 changesmanagement 3 · accounts 1
- ManagementAnnemette Fuglsang appointed ceo
- ManagementAnnemette Fuglsang stepped down as board member
- ManagementJens Evald Jensen stepped down as ceo
- AccountsAnnual report for 2022 published
20222 changesmanagement 1 · accounts 1
- ManagementAnnemette Fuglsang appointed board member
- AccountsAnnual report for 2021 published
20212 changesaccounts 1 · management 1
- AccountsAnnual report for 2020 published
- ManagementHenrik Hansen stepped down as board member
20204 changesmanagement 4
- ManagementJens Evald Jensen appointed ceo
- ManagementWilly Pedersen stepped down as ceo
- ManagementWilly Pedersen appointed ceo
- ManagementAllan Leth stepped down as ceo
20195 changescapital 1 · merger 1 · management 3
- CapitalShare capital changed from 500,000 DKK to 1,685,600 DKK
- MergerMerger registered in CVR
- ManagementAllan Leth appointed ceo
- ManagementWilly Pedersen stepped down as director
- ManagementWilly Pedersen appointed board member
20176 changesfounded 1 · management 4 · ownership 1
- FoundedRegistered as Kingo Recycling A/S
- ManagementEskild Lyngholm appointed chair of the board
- ManagementThomas Kingo Hede Karlsen appointed board member
- ManagementHenrik Hansen appointed board member
- ManagementWilly Pedersen appointed director
- OwnershipKingo Group A/S registered as owner (100%)
Related companies
Same people in management
- Init Denmark A/Svia Eskild Lyngholm
- Dmr A/Svia Thomas Kingo Hede Karlsen
- Kingo Karlsen A/Svia Eskild Lyngholm
- Anlægsgartner Gottlieb A/Svia Annemette Fuglsang
- System TM A/Svia Eskild Lyngholm
- Nordic Greens Bellinge A/Svia Eskild Lyngholm
Largest in the industry
- MiljøExperten A/SDKK 13.5m
- Damasec Mine Action Systems ApSDKK 10.1m
- Rph Danmark ApSDKK 6.5m
- JordXperten A/SDKK 5.9m
- Damasec Global Group ApSDKK 3.6m
- NemSkrald ApSDKK 2.7m
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.