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Liqtech Water A/S

Public limited companyCVR 32562302HobroActive

Liqtech Water A/S is a public limited company, based in Hobro, active in sewerage, founded in 2009. The company made a loss in both 2024 and 2025, most recently DKK 6.9m. Equity fell to DKK 3m in 2025.

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Key figures · financial year 2025

Gross profitDKK 5.9m+64.4% vs. 2024
Net profit−DKK 6.9m+53.8% vs. 2024
EquityDKK 3m−70.2% vs. 2024
Employees17latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 64% (2024 → 2025), to DKK 5.9m.
  • The loss got smaller: from DKK 15m to DKK 6.9m (2024 → 2025).
  • Equity fell 70% (2024 → 2025), to DKK 3m.

Employees

  • 1 fewer employees than a year earlier: 17 (08/2026) against 18 (08/2025).

Management and owners, last 24 months

  • New in management: Tobias Baldrian Madsen (board member, 04/04/2025), David Nørby Foss Kowalczyk (board member, 04/04/2025) and David Nørby Foss Kowalczyk (director, 04/04/2025) (+2).
  • Stepped down: Kim Michael Hansen (director, 16/12/2024), Phillip Massie Price (board member, 04/04/2025) and Kim Michael Hansen (board member, 16/12/2024) (+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 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30m202020212022202320242025
EquityNet profit
Financial figures for Liqtech Water A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit15,3297,3227,09012,8243,5995,915+64.4%
Operating profit (EBIT)−7,475−9,078−7,855−4,735−15,851−6,784+57.2%
Profit before tax−7,798−9,135−7,675−5,038−15,037––
Net profit−6,084−9,135−7,675−6,183−15,037−6,945+53.8%
Total assets69,85137,19038,04648,76543,52542,821−1.6%
Equity26,92717,79110,1173,9349,8972,952−70.2%
Liabilities36,52413,08421,668––––
Cash and cash equivalents27,1436,7632,0352,3922,6424,399+66.5%
Average number of employees382625252618−30.8%

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16m202020212022202320242025
Gross profitMedian, the industry (110 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 70% from 2024 to 2025 (DKK 9.9m to DKK 3m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 7% 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.

  • Fewer employees

    The number of employees fell 31% from 26 in 2024 to 18 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 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 Water A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/05/2025The 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
05101520253009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

110 companies in the database

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

Gross profitDKK 5.9mNo. 56 of 110
Better than 50% of the companies in the industry
EquityDKK 3mNo. 54 of 110
Better than 51% of the companies in the industry
Number of employees17No. 26 of 110
Better than 77% of the companies in the industry

Industry median: gross profit DKK 5.9m, net profit DKK 348k, equity DKK 2.9m, 7 employees.

DKK 100kDKK 639kDKK 4.1mDKK 26.1mDKK 89.8mHere
Distribution of gross profit for 107 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 fewer than 20 employees69,967 companies in the comparison
No. 10,895of 69,742
Better than 84%
No. 19,541of 69,964
Better than 72%
Same industry and fewer than 20 employees87 companies in the comparison
No. 34of 87
Better than 62%
No. 32of 87
Better than 64%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 8,739of 24,791
Better than 65%
No. 12,439of 24,909
Better than 50%
All companies of type A/S18,025 companies in the comparison
No. 11,277of 17,786
Better than 37%
No. 13,386of 18,024
Better than 26%

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

Sewerage
Gross profit
  1. Liqtech Water A/SDKK 5.9m
  2. Norva24 Danmark A/SDKK 166.6m
  3. Energi Viborg Vand A/SDKK 166.3m
Net profit
  1. Liqtech Water A/S−DKK 6.9m
  2. Norva24 Danmark A/S−DKK 2m
  3. Energi Viborg Vand A/SDKK 65.2m
Equity
  1. Liqtech Water A/SDKK 3m
  2. Norva24 Danmark A/SDKK 69.4m
  3. Energi Viborg Vand A/SDKK 3bn
Employees
  1. Liqtech Water A/S17
  2. Norva24 Danmark A/S174
  3. Energi Viborg Vand A/S49

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 Water A/S

Management

4 active registrations

Executive management

Executive management at Liqtech Water A/S
NameRoleAppointed
David Nørby Foss KowalczykDirector04/04/2025

Board of directors

Board of directors at Liqtech Water A/S
NameRoleAppointed
Fei ChenChair of the board19/10/2022
Tobias Baldrian MadsenBoard member04/04/2025
David Nørby Foss KowalczykBoard member04/04/2025
Founders
Provital Holding ApS, Novi Innovation A/S
Former management (38)
Former management at Liqtech Water A/S
NameRoleAppointedResigned
Ole HjørringgaardBoard member01/09/200925/09/2012
Christian Ulrik HauchDirector01/09/200929/04/2010
Steen Palle PetersenBoard member01/09/200906/10/2010
Jens Husted KjærBoard member01/09/200918/05/2011
Poul Madsen KvistDirector29/04/201015/06/2012
Flemming HartigBoard member18/05/201119/03/2012
Sune MathiesenBoard member19/03/201213/08/2015
Sune MathiesenCEO15/06/201214/08/2015
Niels Jesper Jespersen JensenBoard member21/01/201329/07/2014
Thor JespersenChair of the board21/01/201329/07/2014
Søren Holmstrøm DegnChair of the board29/07/201413/08/2015
Thomas Anker AnderssonBoard member29/07/201429/05/2015
Henrik Skov LaursenBoard member29/05/201529/05/2017
Sune MathiesenChair of the board14/08/201528/05/2017
Henrik Skov LaursenCEO14/08/201529/05/2017
Søren Holmstrøm DegnBoard member14/08/201529/05/2017
Sune MathiesenBoard member29/05/201712/05/2020
Sune MathiesenCEO29/05/201706/12/2019
Aldo Michael Noes PetersenChair of the board29/05/201715/08/2018
Thomas Anker AnderssonBoard member29/05/201706/12/2019
Claus ToftegaardChair of the board15/08/201812/05/2020
Paw JuulBoard member06/12/201913/05/2020
Paw JuulDirector06/12/201916/03/2022
Sune MathiesenChair of the board13/05/202030/05/2022
Claus ToftegaardBoard member13/05/202030/05/2022
Rikke Holgersen FeldBoard member13/05/202019/10/2022
Simon Seidelin StadilBoard member01/12/202127/02/2024
Simon Seidelin StadilDirector16/03/202230/05/2022
Morten Dyrlund DamgaardDirector30/05/202209/05/2023
Alexander Jon BuehlerChair of the board30/05/202219/10/2022
Hans Christian WenzelsenBoard member19/10/202227/02/2024
Mikael Bo NielsenDirector09/05/202329/09/2023
Hans Christian WenzelsenDirector29/09/202301/01/2024
Kim Michael HansenDirector01/01/202416/12/2024
Phillip Massie PriceBoard member27/02/202404/04/2025
Kim Michael HansenBoard member27/02/202416/12/2024
Jacob Christoffer Kops PedersenBoard member16/12/202404/04/2025
Jacob Christoffer Kops PedersenDirector16/12/202404/04/2025

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

Address and production units

1 active production units

Benshøj Industrivej 24
9500 Hobro

Mariagerfjord Municipality · Postcode 9500

Production units
Production unitAddressEmployeesP number
LIQTECH WATER A/SBenshøj Industrivej 24, Sdr. Onsild Kirkeby, 9500 Hobro171015638482

Purpose

Selskabets formål er at udvikle og kommercialisere filtreringsanlæg til filtrering af badevand på pool- og spamarkedet i Danmark og internationalt, samt al virksomhed, som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

98 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20257 changesaccounts 1 · management 6
  • Annual report for 2024 published
  • Tobias Baldrian Madsen appointed board member
  • David Nørby Foss Kowalczyk appointed director
  • David Nørby Foss Kowalczyk appointed board member
  • Jacob Christoffer Kops Pedersen stepped down as director
  • Jacob Christoffer Kops Pedersen stepped down as board member
  • Phillip Massie Price stepped down as board member
202411 changesmanagement 10 · accounts 1
  • Jacob Christoffer Kops Pedersen appointed director
  • Jacob Christoffer Kops Pedersen appointed board member
  • Kim Michael Hansen stepped down as board member
  • Kim Michael Hansen stepped down as director
  • Annual report for 2023 published
  • Kim Michael Hansen appointed board member
  • Phillip Massie Price appointed board member
  • Hans Christian Wenzelsen stepped down as board member
  • Simon Seidelin Stadil stepped down as board member
  • Kim Michael Hansen appointed director
  • Hans Christian Wenzelsen stepped down as director
20235 changesmanagement 4 · accounts 1
  • Hans Christian Wenzelsen appointed director
  • Mikael Bo Nielsen stepped down as director
  • Annual report for 2022 published
  • Mikael Bo Nielsen appointed director
  • Morten Dyrlund Damgaard stepped down as director
202212 changesmanagement 11 · accounts 1
  • Fei Chen appointed chair of the board
  • Hans Christian Wenzelsen appointed board member
  • Alexander Jon Buehler stepped down as chair of the board
  • Rikke Holgersen Feld stepped down as board member
  • Annual report for 2021 published
  • Alexander Jon Buehler appointed chair of the board
  • Morten Dyrlund Damgaard appointed director
  • Simon Seidelin Stadil stepped down as director
  • Claus Toftegaard stepped down as board member
  • Sune Mathiesen stepped down as chair of the board
  • Simon Seidelin Stadil appointed director
  • Paw Juul stepped down as director
20212 changesmanagement 1 · accounts 1
  • Simon Seidelin Stadil appointed board member
  • Annual report for 2020 published
20207 changesname 1 · management 6
  • Name changed from LIQTECH SYSTEMS A/S to LIQTECH WATER A/S
  • Claus Toftegaard appointed board member
  • Rikke Holgersen Feld appointed board member
  • Sune Mathiesen appointed chair of the board
  • Paw Juul stepped down as board member
  • Claus Toftegaard stepped down as chair of the board
  • Sune Mathiesen stepped down as board member
20194 changesmanagement 4
  • Paw Juul appointed board member
  • Paw Juul appointed director
  • Thomas Anker Andersson stepped down as board member
  • Sune Mathiesen stepped down as ceo
20182 changesmanagement 2
  • Claus Toftegaard appointed chair of the board
  • Aldo Michael Noes Petersen stepped down as chair of the board
20178 changesmanagement 8
  • Sune Mathiesen appointed board member
  • Thomas Anker Andersson appointed board member
  • Aldo Michael Noes Petersen appointed chair of the board
  • Sune Mathiesen appointed ceo
  • Søren Holmstrøm Degn stepped down as board member
  • Henrik Skov Laursen stepped down as ceo
  • Henrik Skov Laursen stepped down as board member
  • Sune Mathiesen stepped down as chair of the board
201510 changesname 1 · address 1 · management 8
  • Name changed from PROVITAL SOLUTIONS A/S to LIQTECH SYSTEMS A/S
  • Moved to Benshøj Industrivej 24, Sdr. Onsild Kirkeby, 9500 Hobro
  • Sune Mathiesen appointed chair of the board
  • Søren Holmstrøm Degn appointed board member
  • Henrik Skov Laursen appointed ceo
  • Sune Mathiesen stepped down as ceo
  • Søren Holmstrøm Degn stepped down as chair of the board
  • Sune Mathiesen stepped down as board member
  • Henrik Skov Laursen appointed board member
  • Thomas Anker Andersson stepped down as board member
20147 changesaddress 1 · management 4 · ownership 1 · capital 1
  • Moved to Bornholmsvej 3C, 9500 Hobro
  • Thomas Anker Andersson appointed board member
  • Søren Holmstrøm Degn appointed chair of the board
  • Thor Jespersen stepped down as chair of the board
  • Niels Jesper Jespersen Jensen stepped down as board member
  • LIQTECH HOLDING A/S registered as owner (100%)
  • Share capital changed from 1,537,500 DKK to 1,575,000 DKK
20134 changesindustry 1 · capital 1 · management 2
  • Industry changed to Sewerage (370000)
  • Share capital changed from 1,500,000 DKK to 1,537,500 DKK
  • Thor Jespersen appointed chair of the board
  • Niels Jesper Jespersen Jensen appointed board member
20127 changesmanagement 5 · address 1 · capital 1
  • Ole Hjørringgaard stepped down as board member
  • Moved to Niels Jernes Vej 10, 9220 Aalborg Øst
  • Sune Mathiesen appointed ceo
  • Poul Madsen Kvist stepped down as director
  • Share capital changed from 500,000 DKK to 1,500,000 DKK
  • Sune Mathiesen appointed board member
  • Flemming Hartig stepped down as board member
20112 changesmanagement 2
  • Flemming Hartig appointed board member
  • Jens Husted Kjær stepped down as board member
20103 changesmanagement 3
  • Steen Palle Petersen stepped down as board member
  • Poul Madsen Kvist appointed director
  • Christian Ulrik Hauch stepped down as director
20096 changesindustry 1 · founded 1 · management 4
  • Industry changed to Engineering consultancy in production and mechanical engineering (711220)
  • Registered as PROVITAL SOLUTIONS A/S
  • Ole Hjørringgaard appointed board member
  • Jens Husted Kjær appointed board member
  • Steen Palle Petersen appointed board member
  • Christian Ulrik Hauch appointed director

Related companies

Same industry in Mariagerfjord

See all →

Same people in management

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