Mads Nørgaard - Copenhagen A/S

Public limited companyCVR 30582136København KActive

Mads Nørgaard - Copenhagen A/S is a public limited company, based in København K, active in wholesale of clothing, founded in 2007. Net profit fell 96% from 2024 to 2025, ending at DKK 150k. Operations are spread over 4 production units in 4 towns. With 61 employees, the company is about 12 times larger than the industry median.

PDF report Compare

Key figures · financial year 2025

Gross profitDKK 37.9m−5.7% vs. 2024

Net profitDKK 150k−96.1% vs. 2024

EquityDKK 50.5m−3.5% vs. 2024

Employees61latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit fell 6% (2024 → 2025), to DKK 37.9m.
Net profit fell 96% (2024 → 2025), to DKK 150k.
Equity fell 4% (2024 → 2025), to DKK 50.5m.

Employees

10 fewer employees than a year earlier: 61 (08/2026) against 71 (08/2025).

Management and owners, last 24 months

Stepped down: Cecilie Marie Krebs Nørgaard (board member, 31/05/2026) and Ellen Nørgaard (board member, 05/01/2025).
New owners registered: Mads Nørgaard A/S (11/06/2025).
No longer registered as owner: Mads Nørgaard A/S (10/06/2025) and Østergaard Bing Holding ApS (11/06/2025).

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 thousand

Equity and net profit

EquityNet profit

Financial figures for Mads Nørgaard - Copenhagen A/S
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	38,973	56,886	43,220	40,720	40,244	37,936	−5.7%
Operating profit (EBIT)	–	25,261	9,872	6,905	5,046	562	−88.9%
Profit before tax	10,283	24,859	9,404	6,755	4,923	210	−95.7%
Net profit	7,992	19,418	7,347	5,273	3,827	150	−96.1%
Total assets	70,997	93,685	80,886	78,432	78,663	72,528	−7.8%
Equity	39,523	55,941	53,288	53,561	52,387	50,537	−3.5%
Liabilities	30,885	37,180	26,913	24,290	25,342	21,054	−16.9%
Cash and cash equivalents	26,764	25,418	16,229	14,137	8,556	3,527	−58.8%
Average number of employees	38	38	46	54	53	54	+1.9%

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

Compare with the industry (356 companies)

Gross profitMedian, the industry (356 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 Mads Nørgaard - Copenhagen A/S
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	27/05/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	25/04/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	31/05/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	27/04/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	07/06/2021	The company	PDF XBRL

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

Employees

Position in the industry

356 companies in the database

Comparison with the other companies in wholesale of clothing based on the latest financial year.

Gross profitDKK 37.9mNo. 38 of 356

Better than 90% of the companies in the industry

EquityDKK 50.5mNo. 38 of 356

Better than 90% of the companies in the industry

Number of employees61No. 32 of 356

Better than 91% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 258k, equity DKK 3.4m, 5 employees.

Distribution of gross profit for 331 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
Group	Gross profit	Equity
Companies with 50–199 employees4,467 companies in the comparison	No. 2,370of 4,412 Better than 46%	No. 1,217of 4,466 Better than 73%
Same industry and 50–199 employees32 companies in the comparison	No. 26of 32 Better than 19%	No. 20of 32 Better than 39%
Companies that are between 15 and 29 years old24,910 companies in the comparison	No. 1,898of 24,791 Better than 92%	No. 2,312of 24,909 Better than 91%
All companies of type A/S18,025 companies in the comparison	No. 3,680of 17,786 Better than 79%	No. 3,555of 18,024 Better than 80%

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 clothing

Gross profit

Mads Nørgaard - Copenhagen A/SDKK 37.9m
DK Company A/SDKK 2.9bn
Sports Connection ApSDKK 439.2m

Net profit

Mads Nørgaard - Copenhagen A/SDKK 150k
DK Company A/SDKK 309.3m
Sports Connection ApSDKK 315.1m

Equity

Mads Nørgaard - Copenhagen A/SDKK 50.5m
DK Company A/SDKK 1.3bn
Sports Connection ApSDKK 620.5m

Employees

Mads Nørgaard - Copenhagen A/S61
DK Company A/S467
Sports Connection ApS76

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

Mads Nørgaard A/S90% · 100% votes

Mads Nørgaard - Copenhagen A/S

Management

4 active registrations

Executive management

Executive management at Mads Nørgaard - Copenhagen A/S
Name	Role	Appointed
Mads Mathias Nørgaard	CEO	20/12/2007

Board of directors

Board of directors at Mads Nørgaard - Copenhagen A/S
Name	Role	Appointed
Mads Mathias Nørgaard	Board member	23/04/2007
Jens Dyre Nørgaard	Board member	29/05/2008
Mark Hammerich	Chair of the board	27/05/2015

Auditor: Beierholm Godkendt Revisionspartnerselskab
Founders: Mads Nørgaard A/S

Former management (7)

Former management at Mads Nørgaard - Copenhagen A/S
Name	Role	Appointed	Resigned
Jørgen Senius Nørgaard	Board member	23/04/2007	20/05/2016
Cecilie Marie Krebs Nørgaard	Board member	23/04/2007	31/05/2026
Ellen Nørgaard	Board member	23/04/2007	20/05/2016
Christian Lennart Gregers Bernhoft	CEO	23/04/2007	20/12/2007
Lene Nørgaard	Board member	23/04/2007	29/05/2008
Mark Hammerich	Board member	14/05/2013	26/05/2015
Ellen Nørgaard	Board member	05/12/2022	05/01/2025

Signing rule: Selskabet tegnes af direktøren eller mindst to medlemmer af bestyrelsen.

Address and production units

4 active production units

Amagertorv 15
1160 København K

København Municipality · Postcode 1160

Production units
Production unit	Address	Industry	Employees	P number
MADS NØRGAARD - COPENHAGEN A/S	Amagertorv 15, 1, 1160 København K	Wholesale of clothing	37	1013267088
Mads Nørgaard Århus	Badstuegade 1K, st, 8000 Aarhus C	Wholesale of clothing	14	1026581547
Mads Nørgaard Priorparken	Priorparken 524, 2605 Brøndby	Wholesale of clothing	8	1026581598
Mads Nørgaard Tullinsgade	Tullinsgade 21, kl, 1618 København V	Wholesale of clothing	2	1026595459

Purpose

Selskabets formål er fabrikation af og handel med modetøj samt anden handel og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

35 registered events

22015

22016

02017

02018

02019

12020

32021

22022

12023

12024

52025

22026

20262 changesaccounts 1 · management 1

01/07AccountsAnnual report for 2025 published
31/05ManagementCecilie Marie Krebs Nørgaard stepped down as board member

20255 changesownership 3 · accounts 1 · management 1

11/06OwnershipMADS NØRGAARD A/S registered as owner (90%)
11/06OwnershipØstergaard Bing Holding ApS is no longer registered as owner
10/06OwnershipMADS NØRGAARD A/S is no longer registered as owner
27/05AccountsAnnual report for 2024 published
05/01ManagementEllen Nørgaard stepped down as board member

20241 changeaccounts 1

25/04AccountsAnnual report for 2023 published

20231 changeaccounts 1

31/05AccountsAnnual report for 2022 published

20222 changesmanagement 1 · accounts 1

05/12ManagementEllen Nørgaard appointed board member
27/04AccountsAnnual report for 2021 published

20213 changesaccounts 1 · ownership 2

07/06AccountsAnnual report for 2020 published
01/01OwnershipMADS NØRGAARD A/S registered as owner (90%)
01/01OwnershipØstergaard Bing Holding ApS registered as owner (10%)

20201 changeownership 1

31/12OwnershipMADS NØRGAARD A/S is no longer registered as owner

20162 changesmanagement 2

20/05ManagementJørgen Senius Nørgaard stepped down as board member
20/05ManagementEllen Nørgaard stepped down as board member

20152 changesmanagement 2

27/05ManagementMark Hammerich appointed chair of the board
26/05ManagementMark Hammerich stepped down as board member

20131 changemanagement 1

14/05ManagementMark Hammerich appointed board member

20083 changesaddress 1 · management 2

26/11AddressMoved to Amagertorv 15, 1, 1160 København K
29/05ManagementJens Dyre Nørgaard appointed board member
29/05ManagementLene Nørgaard stepped down as board member

200712 changesmanagement 8 · industry 1 · name 1 · founded 1 · ownership 1

20/12ManagementMads Mathias Nørgaard appointed ceo
20/12ManagementChristian Lennart Gregers Bernhoft stepped down as ceo
26/07IndustryIndustry changed to Engroshandel med beklædning (514210)
29/05NameName changed from MADS NØRGAARD COPENHAGEN A/S to MADS NØRGAARD - COPENHAGEN A/S
23/04FoundedRegistered as MADS NØRGAARD COPENHAGEN A/S
23/04ManagementJørgen Senius Nørgaard appointed board member
23/04ManagementEllen Nørgaard appointed board member
23/04ManagementMads Mathias Nørgaard appointed board member
23/04ManagementChristian Lennart Gregers Bernhoft appointed ceo
23/04ManagementCecilie Marie Krebs Nørgaard appointed board member
23/04ManagementLene Nørgaard appointed board member
23/04OwnershipMADS NØRGAARD A/S registered as owner (100%)

Related companies

Same industry in København

Samsøe & Samsøe Whole Sale ApS355 employees
DK Company Cph A/S167 employees
JD Sports Fashion Denmark ApS122 employees
Les Deux ApS113 employees
Masai Clothing Company ApS111 employees
Konges Sløjd A/S104 employees

See all →

Same people in management

J. Nørgaard Cafe A/Svia Ellen Nørgaard
Nus/nus ApSvia Mads Mathias Nørgaard
Grand Teatret A/Svia Mads Mathias Nørgaard
Sokkelund ApSvia Jens Dyre Nørgaard
Marketsquare A/Svia Mark Hammerich
Europa 1989 A/Svia Ellen Nørgaard

Largest in the industry

See all →

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 CVR Report a correction