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Liqtech Holding A/S

Public limited companyCVR 25121031BallerupActive

Liqtech Holding A/S is a public limited company, based in Ballerup, active in activities of non-financial head offices, founded in 2000. The company made a loss in both 2024 and 2025, most recently DKK 36.7m. Equity fell to DKK 43.9m in 2025.

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Key figures · financial year 2025

Gross profitDKK 13.9m+8.4% vs. 2024
Net profit−DKK 36.7m+33.3% vs. 2024
EquityDKK 43.9m−45.5% vs. 2024
Employees23latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 8% (2024 → 2025), to DKK 13.9m.
  • The loss got smaller: from DKK 55m to DKK 36.7m (2024 → 2025).
  • Equity fell 46% (2024 → 2025), to DKK 43.9m.

Employees

  • 1 more employees than a year earlier: 23 (08/2026) against 22 (08/2025).

Management and owners, last 24 months

  • New in management: David Nørby Foss Kowalczyk (board member, 04/04/2025).
  • Stepped down: Phillip Massie Price (board member, 04/04/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Activities of non-financial head offices (701010)

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 150m−DKK 100m−DKK 50mDKK 0DKK 50mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Liqtech Holding A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit7,15611,89213,36812,93412,77813,856+8.4%
Operating profit (EBIT)−4,702−11,011−10,803−9,636−10,806−10,500+2.8%
Profit before tax−17,578−71,812−70,556−23,594−55,028−36,679+33.3%
Net profit−18,481−76,812−70,556−23,928−55,028−36,679+33.3%
Total assets171,151104,701111,643160,164131,374110,235−16.1%
Equity37,927−38,885−109,441−133,36980,54343,884−45.5%
Liabilities133,224143,586221,084––––
Cash and cash equivalents26,9641,2883851,51238,30019,151−50%
Average number of employees522182021210%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35m202020212022202320242025
Gross profitMedian, the industry (310 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss 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 46% from 2024 to 2025 (DKK 80.5m to DKK 43.9m).

    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
Annual reports for Liqtech Holding A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202423/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202302/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202114/07/2022The 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
051015202509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

310 companies in the database

Comparison with the other companies in activities of non-financial head offices based on the latest financial year.

Gross profitDKK 13.9mNo. 167 of 276
Better than 40% of the companies in the industry
EquityDKK 43.9mNo. 205 of 310
Better than 34% of the companies in the industry
Number of employees23No. 198 of 310
Better than 36% of the companies in the industry

Industry median: gross profit DKK 31.9m, net profit DKK 3.9m, equity DKK 179.4m, 49 employees.

DKK 100kDKK 2.7mDKK 75.2mDKK 2.1bnDKK 18.8bnHere
Distribution of gross profit for 235 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 20–49 employees9,922 companies in the comparison
No. 4,494of 9,892
Better than 55%
No. 809of 9,922
Better than 92%
Same industry and 20–49 employees60 companies in the comparison
No. 39of 53
Better than 27%
No. 45of 60
Better than 25%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 4,618of 24,791
Better than 81%
No. 2,566of 24,909
Better than 90%
All companies of type A/S18,025 companies in the comparison
No. 7,547of 17,786
Better than 58%
No. 3,895of 18,024
Better than 78%

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

Activities of non-financial head offices
Gross profit
  1. Liqtech Holding A/SDKK 13.9m
  2. LEGO A/SDKK 56.6bn
  3. Demant A/SDKK 17.4bn
Net profit
  1. Liqtech Holding A/S−DKK 36.7m
  2. LEGO A/SDKK 16.7bn
  3. Demant A/SDKK 1.5bn
Equity
  1. Liqtech Holding A/SDKK 43.9m
  2. LEGO A/SDKK 49.3bn
  3. Demant A/SDKK 9.9bn
Employees
  1. Liqtech Holding A/S23
  2. LEGO A/S5
  3. Demant A/S58

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
  • LiqTech International Inc.100%
Liqtech Holding A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Liqtech Holding A/S
NameRoleAppointed
Fei ChenCEO19/10/2022

Board of directors

Board of directors at Liqtech Holding A/S
NameRoleAppointed
Fei ChenBoard member19/10/2022
Alexander Jon BuehlerChair of the board27/02/2024
David Nørby Foss KowalczykBoard member04/04/2025
Founders
Stobbe Tech A/S
Former management (38)
Former management at Liqtech Holding A/S
NameRoleAppointedResigned
Flemming PetersenCEO12/02/200412/01/2006
Per StobbeBoard member12/02/200412/01/2006
Per StobbeCEO12/02/200412/02/2004
Jens Husted KjærBoard member12/01/200631/03/2011
Jens Husted KjærCEO12/01/200631/03/2011
Werner Kofoed NielsenBoard member18/10/200707/10/2011
Karoly Laszlo NemethChair of the board11/05/200910/09/2010
Poul AndreassenBoard member11/05/200907/08/2009
Christian Tage Nyvang HansenCEO01/04/201131/05/2011
Lasse AndreassenBoard member31/05/201103/04/2013
Lasse AndreassenCEO31/05/201101/04/2013
Søren Holmstrøm DegnChair of the board31/05/201113/08/2015
Michael SønnelandBoard member07/10/201114/09/2012
Kenneth Hersom HøjrupBoard member14/09/201213/05/2020
Finn HelmerCEO01/04/201329/07/2014
Finn HelmerBoard member03/04/201329/07/2014
Sune MathiesenBoard member29/07/201413/08/2015
Sune MathiesenCEO29/07/201414/08/2015
Sune MathiesenChair of the board14/08/201527/12/2016
Søren Holmstrøm DegnBoard member14/08/201529/05/2017
Søren Holmstrøm DegnCEO14/08/201529/05/2017
Aldo Michael Noes PetersenChair of the board27/12/201615/08/2018
Sune MathiesenBoard member29/05/201712/05/2020
Sune MathiesenDirector29/05/201713/05/2020
Claus ToftegaardChair of the board15/08/201812/05/2020
Sune MathiesenChair of the board13/05/202030/05/2022
Claus ToftegaardBoard member13/05/202030/05/2022
Claus ToftegaardDirector13/05/202001/12/2021
Rikke Holgersen FeldBoard member13/05/202019/10/2022
Simon Seidelin StadilBoard member01/12/202129/05/2022
Simon Seidelin StadilDirector01/12/202130/05/2022
Simon Seidelin StadilChair of the board30/05/202218/10/2022
Alexander Jon BuehlerBoard member30/05/202226/02/2024
Alexander Jon BuehlerCEO30/05/202219/10/2022
Mark Edward VernonBoard member26/07/202223/06/2023
Hans Christian WenzelsenChair of the board19/10/202227/02/2024
Simon Seidelin StadilBoard member19/10/202227/02/2024
Phillip Massie PriceBoard member27/02/202404/04/2025

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller et bestyrelsesmedlem og direktøren i forening.

Address and production units

2 active production units

Industriparken 22C
2750 Ballerup

Ballerup Municipality · Postcode 2750

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
LIQTECH HOLDING A/SBenshøj Industrivej 24, Sdr. Onsild Kirkeby, 9500 Hobro191007329705
LIQTECH HOLDING A/SIndustriparken 22C, 2750 Ballerup41025915050

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

110 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesaccounts 1 · management 2 · industry 1
  • Annual report for 2024 published
  • David Nørby Foss Kowalczyk appointed board member
  • Phillip Massie Price stepped down as board member
  • Industry changed to Activities of non-financial head offices (701010)
20246 changesaccounts 1 · management 5
  • Annual report for 2023 published
  • Alexander Jon Buehler appointed chair of the board
  • Phillip Massie Price appointed board member
  • Simon Seidelin Stadil stepped down as board member
  • Hans Christian Wenzelsen stepped down as chair of the board
  • Alexander Jon Buehler stepped down as board member
20234 changesaccounts 1 · management 1 · address 1 · industry 1
  • Annual report for 2022 published
  • Mark Edward Vernon stepped down as board member
  • Moved to Industriparken 22C, 2750 Ballerup
  • Industry changed to Activities of non-financial head offices (701010)
202216 changesmanagement 15 · accounts 1
  • Simon Seidelin Stadil appointed board member
  • Hans Christian Wenzelsen appointed chair of the board
  • Fei Chen appointed ceo
  • Fei Chen appointed board member
  • Alexander Jon Buehler stepped down as ceo
  • Rikke Holgersen Feld stepped down as board member
  • Simon Seidelin Stadil stepped down as chair of the board
  • Mark Edward Vernon appointed board member
  • Annual report for 2021 published
  • Alexander Jon Buehler appointed board member
  • Alexander Jon Buehler appointed ceo
  • Simon Seidelin Stadil appointed chair of the board
  • Simon Seidelin Stadil stepped down as director
  • Sune Mathiesen stepped down as chair of the board
  • Claus Toftegaard stepped down as board member
  • Simon Seidelin Stadil stepped down as board member
20214 changesmanagement 3 · accounts 1
  • Simon Seidelin Stadil appointed director
  • Simon Seidelin Stadil appointed board member
  • Claus Toftegaard stepped down as director
  • Annual report for 2020 published
202010 changesaddress 1 · name 1 · management 8
  • Moved to Benshøj Industrivej 24, Sdr. Onsild Kirkeby, 9500 Hobro
  • Name changed from LIQTECH INTERNATIONAL A/S to LIQTECH HOLDING A/S
  • Sune Mathiesen appointed chair of the board
  • Rikke Holgersen Feld appointed board member
  • Claus Toftegaard appointed director
  • Claus Toftegaard appointed board member
  • Sune Mathiesen stepped down as director
  • Kenneth Hersom Højrup stepped down as board member
  • Claus Toftegaard stepped down as chair of the board
  • Sune Mathiesen stepped down as board member
20191 changeindustry 1
  • Industry changed to Manufacture of other technical ceramic products (234400)
20182 changesmanagement 2
  • Claus Toftegaard appointed chair of the board
  • Aldo Michael Noes Petersen stepped down as chair of the board
20174 changesmanagement 4
  • Sune Mathiesen appointed director
  • Sune Mathiesen appointed board member
  • Søren Holmstrøm Degn stepped down as ceo
  • Søren Holmstrøm Degn stepped down as board member
20162 changesmanagement 2
  • Aldo Michael Noes Petersen appointed chair of the board
  • Sune Mathiesen stepped down as chair of the board
20156 changesmanagement 6
  • Sune Mathiesen appointed chair of the board
  • Søren Holmstrøm Degn appointed ceo
  • Søren Holmstrøm Degn appointed board member
  • Sune Mathiesen stepped down as ceo
  • Sune Mathiesen stepped down as board member
  • Søren Holmstrøm Degn stepped down as chair of the board
20145 changesmanagement 4 · capital 1
  • Sune Mathiesen appointed ceo
  • Sune Mathiesen appointed board member
  • Finn Helmer stepped down as board member
  • Finn Helmer stepped down as ceo
  • Share capital changed from 3,000,000 DKK to 5,000,000 DKK
20134 changesmanagement 4
  • Finn Helmer appointed board member
  • Lasse Andreassen stepped down as board member
  • Finn Helmer appointed ceo
  • Lasse Andreassen stepped down as ceo
20124 changesmanagement 2 · capital 1 · merger 1
  • Kenneth Hersom Højrup appointed board member
  • Michael Sønneland stepped down as board member
  • Share capital changed from 2,667,000 DKK to 3,000,000 DKK
  • Merger registered in CVR
201112 changesmanagement 9 · name 1 · ownership 1 · address 1
  • Michael Sønneland appointed board member
  • Werner Kofoed Nielsen stepped down as board member
  • Name changed from COMETAS A/S to LIQTECH INTERNATIONAL A/S
  • LiqTech International Inc. registered as owner (100%)
  • Moved to Industriparken 22C, 2750 Ballerup
  • Lasse Andreassen appointed board member
  • Søren Holmstrøm Degn appointed chair of the board
  • Lasse Andreassen appointed ceo
  • Christian Tage Nyvang Hansen stepped down as ceo
  • Christian Tage Nyvang Hansen appointed ceo
  • Jens Husted Kjær stepped down as ceo
  • Jens Husted Kjær stepped down as board member
20101 changemanagement 1
  • Karoly Laszlo Nemeth stepped down as chair of the board
20093 changesmanagement 3
  • Poul Andreassen stepped down as board member
  • Karoly Laszlo Nemeth appointed chair of the board
  • Poul Andreassen appointed board member
20083 changescapital 1 · address 1 · industry 1
  • Share capital changed from 2,000,000 DKK to 2,667,000 DKK
  • Moved to Lerhøj 10, 2880 Bagsværd
  • Industry changed to Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721900)
20072 changesmanagement 1 · address 1
  • Werner Kofoed Nielsen appointed board member
  • Moved to Diplomvej 378, 2800 Kgs.Lyngby
20067 changesname 1 · address 1 · capital 1 · management 4
  • Name changed from HELIOTECH ApS to COMETAS A/S
  • Moved to Diplomvej 373, 2800 Kgs.Lyngby
  • Share capital changed from 125,000 DKK to 2,000,000 DKK
  • Jens Husted Kjær appointed ceo
  • Jens Husted Kjær appointed board member
  • Per Stobbe stepped down as board member
  • Flemming Petersen stepped down as ceo
20045 changesindustry 1 · management 4
  • Industry changed to Forskning og udvikling inden for naturvidenskab og teknik (731000)
  • Per Stobbe appointed board member
  • Per Stobbe appointed ceo
  • Per Stobbe stepped down as ceo
  • Flemming Petersen appointed ceo
20011 changeaddress 1
  • Moved to Grusbakken 12, 2820 Gentofte
20003 changesname 1 · address 1 · founded 1
  • Name changed from STOBBE TECH CERAMICS ApS to HELIOTECH ApS
  • Moved to Grusbakken 10, 2820 Gentofte
  • Registered as STOBBE TECH CERAMICS ApS

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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 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction