LiqTech Ceramics A/S
Public limited companyCVR 41038071BallerupActive
LiqTech Ceramics A/S is a public limited company, based in Ballerup, active in manufacture of other technical ceramic products, founded in 2019. The company made a loss in both 2024 and 2025, most recently DKK 20.6m. Equity fell to DKK 35.3m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 66% (2024 → 2025), to DKK 3m.
- The loss got smaller: from DKK 22.9m to DKK 20.6m (2024 → 2025).
- Equity fell 37% (2024 → 2025), to DKK 35.3m.
Management and owners, last 24 months
- New in management: Tobias Baldrian Madsen (board member, 04/04/2025), David Nørby Foss Kowalczyk (director, 04/04/2025) and David Nørby Foss Kowalczyk (board member, 04/04/2025).
- Stepped down: Phillip Massie Price (board member, 04/04/2025), Jacob Christoffer Kops Pedersen (director, 04/04/2025) and Jacob Christoffer Kops Pedersen (board member, 04/04/2025).
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 | 9,703 | 7,306 | −5,039 | 13,252 | 8,979 | 3,024 | −66.3% |
| Operating profit (EBIT) | −12,308 | −22,376 | −32,360 | −17,691 | −21,977 | −19,912 | +9.4% |
| Profit before tax | −15,182 | −22,089 | −32,922 | −18,849 | −22,893 | – | – |
| Net profit | −13,453 | −22,089 | −32,276 | −18,903 | −22,893 | −20,610 | +10% |
| Total assets | 100,277 | 84,950 | 99,590 | 105,591 | 89,969 | 80,685 | −10.3% |
| Equity | 31,134 | 31,045 | 5,769 | 5,824 | 55,931 | 35,321 | −36.8% |
| Liabilities | 69,143 | 53,905 | 93,821 | – | – | – | – |
| Cash and cash equivalents | 23,723 | 18,707 | 16,071 | 10,520 | 1,568 | 4,016 | +156.1% |
| Average number of employees | 45 | 46 | 48 | 39 | 37 | 28 | −24.3% |
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 figuresLoss 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.
Equity fell sharply
Equity fell 37% from 2024 to 2025 (DKK 55.9m to DKK 35.3m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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 | 01/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 26/05/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 02/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 03/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 14/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 16/07/2021 | 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 CVRCompared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 20–49 employees9,922 companies in the comparison | No. 8,717of 9,892 Better than 12% | No. 1,022of 9,922 Better than 90% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 12,989of 33,588 Better than 61% | No. 1,559of 33,687 Better than 95% |
| All companies of type A/S18,025 companies in the comparison | No. 13,623of 17,786 Better than 23% | No. 4,480of 18,024 Better than 75% |
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 RegisterManagement
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| David Nørby Foss Kowalczyk | Director | 04/04/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Fei Chen | Chair of the board | 19/10/2022 |
| Tobias Baldrian Madsen | Board member | 04/04/2025 |
| David Nørby Foss Kowalczyk | Board member | 04/04/2025 |
- Founders
- Liqtech Holding A/S
Former management (17)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Sune Mathiesen | Chair of the board | 20/12/2019 | 30/05/2022 |
| Claus Toftegaard | Director | 20/12/2019 | 01/10/2020 |
| Claus Toftegaard | Board member | 20/12/2019 | 30/05/2022 |
| Paw Juul | Board member | 20/12/2019 | 13/05/2020 |
| Rikke Holgersen Feld | Board member | 13/05/2020 | 19/10/2022 |
| Karsten Klemens Hansen | Director | 01/10/2020 | 15/02/2021 |
| Claus Toftegaard | Director | 15/02/2021 | 01/12/2021 |
| Simon Seidelin Stadil | Director | 01/12/2021 | 30/05/2022 |
| Simon Seidelin Stadil | Board member | 01/12/2021 | 27/02/2024 |
| Christian Vogelius | Director | 30/05/2022 | 15/06/2023 |
| Alexander Jon Buehler | Chair of the board | 30/05/2022 | 19/10/2022 |
| Hans Christian Wenzelsen | Board member | 19/10/2022 | 27/02/2024 |
| Mikael Bo Nielsen | Director | 15/06/2023 | 29/09/2023 |
| Hans Christian Wenzelsen | Director | 29/09/2023 | 27/02/2024 |
| Phillip Massie Price | Board member | 27/02/2024 | 04/04/2025 |
| Jacob Christoffer Kops Pedersen | Director | 27/02/2024 | 04/04/2025 |
| Jacob Christoffer Kops Pedersen | Board member | 27/02/2024 | 04/04/2025 |
Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller et bestyrelsesmedlem og direktøren i forening.
Address and production units
1 active production unitsIndustriparken 22C
2750 Ballerup
Ballerup Municipality · Postcode 2750
Other companies at the address (1)
- Liqtech Holding A/SActivities of non-financial head offices
| Production unit | Address | Employees | P number |
|---|---|---|---|
| LiqTech Ceramics A/S | Industriparken 22C, 2750 Ballerup | 28 | 1025371115 |
Purpose
Selskabets formål er at drive industriel forsknings- og fremstillingsvirksomhed samt handel med keramiske elementer og hermed forbunden virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
47 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20257 changesaccounts 1 · management 6
- AccountsAnnual report for 2024 published
- ManagementTobias Baldrian Madsen appointed board member
- ManagementDavid Nørby Foss Kowalczyk appointed board member
- ManagementDavid Nørby Foss Kowalczyk appointed director
- ManagementJacob Christoffer Kops Pedersen stepped down as board member
- ManagementJacob Christoffer Kops Pedersen stepped down as director
- ManagementPhillip Massie Price stepped down as board member
20247 changesaccounts 1 · management 6
- AccountsAnnual report for 2023 published
- ManagementJacob Christoffer Kops Pedersen appointed board member
- ManagementJacob Christoffer Kops Pedersen appointed director
- ManagementPhillip Massie Price appointed board member
- ManagementHans Christian Wenzelsen stepped down as director
- ManagementHans Christian Wenzelsen stepped down as board member
- ManagementSimon Seidelin Stadil stepped down as board member
20235 changesmanagement 4 · accounts 1
- ManagementHans Christian Wenzelsen appointed director
- ManagementMikael Bo Nielsen stepped down as director
- AccountsAnnual report for 2022 published
- ManagementMikael Bo Nielsen appointed director
- ManagementChristian Vogelius stepped down as director
202210 changesmanagement 9 · accounts 1
- ManagementHans Christian Wenzelsen appointed board member
- ManagementFei Chen appointed chair of the board
- ManagementAlexander Jon Buehler stepped down as chair of the board
- ManagementRikke Holgersen Feld stepped down as board member
- AccountsAnnual report for 2021 published
- ManagementAlexander Jon Buehler appointed chair of the board
- ManagementChristian Vogelius appointed director
- ManagementSimon Seidelin Stadil stepped down as director
- ManagementClaus Toftegaard stepped down as board member
- ManagementSune Mathiesen stepped down as chair of the board
20216 changesmanagement 5 · accounts 1
- ManagementSimon Seidelin Stadil appointed board member
- ManagementSimon Seidelin Stadil appointed director
- ManagementClaus Toftegaard stepped down as director
- AccountsAnnual report for 2020 published
- ManagementClaus Toftegaard appointed director
- ManagementKarsten Klemens Hansen stepped down as director
20205 changesmanagement 4 · capital 1
- ManagementKarsten Klemens Hansen appointed director
- ManagementClaus Toftegaard stepped down as director
- CapitalShare capital changed from 500,000 DKK to 5,000,000 DKK
- ManagementRikke Holgersen Feld appointed board member
- ManagementPaw Juul stepped down as board member
20196 changesfounded 1 · management 4 · ownership 1
- FoundedRegistered as LiqTech Ceramics A/S
- ManagementClaus Toftegaard appointed director
- ManagementPaw Juul appointed board member
- ManagementClaus Toftegaard appointed board member
- ManagementSune Mathiesen appointed chair of the board
- OwnershipLIQTECH HOLDING A/S registered as owner (100%)
Related companies
Same people in management
- Brunata A/Svia Fei Chen
- Chemometec A/Svia Phillip Massie Price
- Verdo Teknik A/Svia Hans Christian Wenzelsen
- Verdo Energy Systems A/Svia Hans Christian Wenzelsen
- Complea A/Svia Claus Toftegaard
- Gabriel A/Svia Claus Toftegaard
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.