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Lotus Heating Systems A/S

Public limited companyCVR 26110475LangeskovActive

Lotus Heating Systems A/S is a public limited company, based in Langeskov, active in wholesale of other household goods n.e.c., founded in 2001. Net profit fell 74% from 2024 to 2025, ending at DKK 2.7m. With 20 employees, the company is about 4 times larger than the industry median. Gross profit is higher than that of 84% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 23.3m−25.3% vs. 2024
Net profitDKK 2.7m−74.4% vs. 2024
EquityDKK 45.7m−8.6% vs. 2024
Employees20latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 25% (2024 → 2025), to DKK 23.3m.
  • Net profit fell 74% (2024 → 2025), to DKK 2.7m.
  • Equity fell 9% (2024 → 2025), to DKK 45.7m.

Employees

  • 5 fewer employees than a year earlier: 20 (08/2026) against 25 (08/2025).

Management and owners, last 24 months

  • Stepped down: Kaare Sølvsten (board member, 31/12/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of other household goods n.e.c. (464990)

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 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
EquityNet profit
Financial figures for Lotus Heating Systems A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit23,78423,84845,33759,36431,24723,338−25.3%
Operating profit (EBIT)6,6705,04220,88432,05913,3193,083−76.9%
Profit before tax4,9485,15821,17831,99813,5953,387−75.1%
Net profit3,8364,00916,49724,93710,4422,672−74.4%
Total assets37,82743,55758,17872,18365,33355,502−15%
Equity28,55829,56842,66554,60250,04445,716−8.6%
Liabilities8,95513,15115,17415,86614,9779,315−37.8%
Cash and cash equivalents8743,18744+0.5%
Average number of employees2020222529290%

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
Gross profitMedian, the industry (125 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit 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
Annual reports for Lotus Heating Systems A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202513/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202422/05/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202313/06/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202230/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202120/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/05/2021The 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

125 companies in the database

Comparison with the other companies in wholesale of other household goods n.e.c. based on the latest financial year.

Gross profitDKK 23.3mNo. 21 of 124
Better than 84% of the companies in the industry
EquityDKK 45.7mNo. 17 of 125
Better than 87% of the companies in the industry
Number of employees20No. 16 of 125
Better than 88% of the companies in the industry

Industry median: gross profit DKK 4.3m, net profit DKK 423k, equity DKK 4.9m, 5 employees.

DKK 109kDKK 752kDKK 5.2mDKK 36mDKK 130.7mHere
Distribution of gross profit for 118 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. 2,218of 9,892
Better than 78%
No. 773of 9,922
Better than 92%
Same industry and 20–49 employees15 companies in the comparison
No. 9of 15
Better than 43%
No. 6of 15
Better than 64%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,954of 24,791
Better than 88%
No. 2,490of 24,909
Better than 90%
All companies of type A/S18,025 companies in the comparison
No. 5,300of 17,786
Better than 70%
No. 3,785of 18,024
Better than 79%

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

Wholesale of other household goods n.e.c.
Gross profit
  1. Lotus Heating Systems A/SDKK 23.3m
  2. Abena A/SDKK 249m
  3. F&H Group A/SDKK 188.7m
Net profit
  1. Lotus Heating Systems A/SDKK 2.7m
  2. Abena A/S−DKK 36.5m
  3. F&H Group A/S−DKK 59.6m
Equity
  1. Lotus Heating Systems A/SDKK 45.7m
  2. Abena A/SDKK 820.9m
  3. F&H Group A/SDKK 83.7m
Employees
  1. Lotus Heating Systems A/S20
  2. Abena A/S375
  3. F&H Group A/S262

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
  • NIBE Industrier AB100%
Lotus Heating Systems A/S

Management

4 active registrations

Executive management

Executive management at Lotus Heating Systems A/S
NameRoleAppointed
Lars Ulrich BorchCEO01/09/2020

Board of directors

Board of directors at Lotus Heating Systems A/S
NameRoleAppointed
Bengt Olof Niklas GunnarssonChair of the board27/05/2010
Lars Ulrich BorchBoard member20/08/2020
Michael TolbøllBoard member22/09/2023
Auditor
KPMG P/S
Founders
Jle Finans ApS, Mappa ApS, Sølvsten Holding A/S
Former management (8)
Former management at Lotus Heating Systems A/S
NameRoleAppointedResigned
Kaare SølvstenBoard member01/07/200131/12/2025
Johnny Laage EbstrupBoard member01/07/200120/08/2020
Preben HansenDirector01/07/200101/07/2001
Johnny Laage EbstrupDirector01/08/200131/08/2020
Thomas Storm AutzenBoard member27/05/201018/12/2013
Preben HansenBoard member27/05/201004/07/2011
Stian Frederik VarreBoard member27/05/201004/03/2013
Lars Bjergegaard HviidBoard member09/03/201422/09/2023

Signing rule: Selskabet tegnes af den samlede bestyrelse eller af direktøren sammen med et medlem af bestyrelsen.

Address and production units

1 active production units

Agertoften 6
5550 Langeskov

Kerteminde Municipality · Postcode 5550

Production units
Production unitAddressEmployeesP number
LOTUS HEATING SYSTEMS A/SAgertoften 6, 5550 Langeskov201000476915

Purpose

Selskabets formål er at drive handel, produktion og finansiering.

The purpose is quoted from the register in Danish.

Changes year by year

36 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesmanagement 1 · accounts 1 · industry 1
  • Kaare Sølvsten stepped down as board member
  • Annual report for 2024 published
  • Industry changed to Wholesale of other household goods n.e.c. (464990)
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changesmanagement 2 · accounts 1
  • Michael Tolbøll appointed board member
  • Lars Bjergegaard Hviid stepped down as board member
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20204 changesmanagement 4
  • Lars Ulrich Borch appointed ceo
  • Johnny Laage Ebstrup stepped down as director
  • Lars Ulrich Borch appointed board member
  • Johnny Laage Ebstrup stepped down as board member
20181 changeindustry 1
  • Industry changed to Wholesale of other household goods n.e.c. (464990)
20141 changemanagement 1
  • Lars Bjergegaard Hviid appointed board member
20132 changesmanagement 2
  • Thomas Storm Autzen stepped down as board member
  • Stian Frederik Varre stepped down as board member
20111 changemanagement 1
  • Preben Hansen stepped down as board member
20105 changesmanagement 4 · ownership 1
  • Stian Frederik Varre appointed board member
  • Thomas Storm Autzen appointed board member
  • Preben Hansen appointed board member
  • Bengt Olof Niklas Gunnarsson appointed chair of the board
  • NIBE Industrier AB registered as owner (100%)
20082 changescapital 1 · industry 1
  • Share capital changed from 500,000 DKK to 1,076,667 DKK
  • Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)
20071 changeaddress 1
  • Moved to Agertoften 6, 5550 Langeskov
20051 changeaddress 1
  • Moved to Agertoften 6, 5550 Langeskov
20018 changesname 1 · management 5 · industry 1 · founded 1
  • Name changed from LOTUS AF 18. JUNI 2001 A/S to LOTUS HEATING SYSTEMS A/S
  • Johnny Laage Ebstrup appointed director
  • Industry changed to Engroshandel med andre husholdningsartikler (514790)
  • Registered as LOTUS AF 18. JUNI 2001 A/S
  • Johnny Laage Ebstrup appointed board member
  • Preben Hansen appointed director
  • Preben Hansen stepped down as director
  • Kaare Sølvsten appointed board member

Related companies

Same people in management

Largest in the industry

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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.

View in CVRReport a correction