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Mads Z A/S

Public limited companyCVR 36535458Odense SActive

Mads Z A/S is a public limited company, based in Odense S, active in wholesale of watches and jewellery, founded in 2015. The company made a loss in both 2024 and 2025, most recently DKK 2.2m. With 15 employees, the company is about 4 times larger than the industry median. Equity fell to DKK 6.7m in 2025.

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Key figures · financial year 2025

Gross profitDKK 5.9m−20.4% vs. 2024
Net profit−DKK 2.2m−979.5% vs. 2024
EquityDKK 6.7m−25.1% vs. 2024
Employees15latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 20% (2024 → 2025), to DKK 5.9m.
  • The loss grew: from DKK 207k to DKK 2.2m (2024 → 2025).
  • Equity fell 25% (2024 → 2025), to DKK 6.7m.

Employees

  • 1 more employees than a year earlier: 15 (07/2026) against 14 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of watches and jewellery (464800)

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
EquityNet profit
Financial figures for Mads Z A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit6,12510,6419,0618,0387,3535,851−20.4%
Operating profit (EBIT)2,1655,1582,4371,208170−2,355−1,482.1%
Profit before tax1,9375,1543,3921,027−286−2,809−880.9%
Net profit1,5103,9912,648788−207−2,237−979.5%
Total assets13,96621,37424,16325,27926,68125,712−3.6%
Equity3,7417,8829,3329,1118,9136,675−25.1%
Liabilities10,22513,49214,78716,12917,76819,037+7.1%
Cash and cash equivalents6755893333430−13.3%
Average number of employees–––111213+8.3%

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

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
Gross profitMedian, the industry (72 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Z A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202525/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202410/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202311/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202221/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202031/03/2021The 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
02468101214161808/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

72 companies in the database

Comparison with the other companies in wholesale of watches and jewellery based on the latest financial year.

Gross profitDKK 5.9mNo. 22 of 72
Better than 70% of the companies in the industry
EquityDKK 6.7mNo. 23 of 72
Better than 69% of the companies in the industry
Number of employees15No. 11 of 72
Better than 86% of the companies in the industry

Industry median: gross profit DKK 2m, net profit DKK 165k, equity DKK 1.9m, 4 employees.

DKK 100kDKK 593kDKK 3.5mDKK 20.8mDKK 68.3mHere
Distribution of gross profit for 68 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. 11,045of 69,742
Better than 84%
No. 11,806of 69,964
Better than 83%
Same industry and fewer than 20 employees63 companies in the comparison
No. 13of 63
Better than 81%
No. 14of 63
Better than 79%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 7,503of 33,588
Better than 78%
No. 4,988of 33,687
Better than 85%
All companies of type A/S18,025 companies in the comparison
No. 11,317of 17,786
Better than 36%
No. 10,354of 18,024
Better than 43%

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 watches and jewellery
Gross profit
  1. Mads Z A/SDKK 5.9m
  2. Ole Lynggaard A/SDKK 123.5m
  3. Essilor Danmark A/SDKK 39.7m
Net profit
  1. Mads Z A/S−DKK 2.2m
  2. Ole Lynggaard A/SDKK 20.5m
  3. Essilor Danmark A/SDKK 1.7m
Equity
  1. Mads Z A/SDKK 6.7m
  2. Ole Lynggaard A/SDKK 111m
  3. Essilor Danmark A/SDKK 13m
Employees
  1. Mads Z A/S15
  2. Ole Lynggaard A/S101
  3. Essilor Danmark A/S33

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
  • M. Ziegler Holding ApS50%
  • Hannemor ApS20%
  • Marcus Kapital ApS20%
Mads Z A/S

Management

4 active registrations

Executive management

Executive management at Mads Z A/S
NameRoleAppointed
Mads Ziegler NielsenDirector17/04/2018

Board of directors

Board of directors at Mads Z A/S
NameRoleAppointed
Mads Ziegler NielsenBoard member09/03/2015
Anders MarcusChair of the board09/03/2015
Peter Krogsgaard JørgensenBoard member09/03/2015
Founders
Markro HOLDING A/S
Former management (1)
Former management at Mads Z A/S
NameRoleAppointedResigned
Peter Krogsgaard JørgensenDirector26/01/201517/04/2018

Signing rule: Selskabet tegnes af direktøren eller den samlede bestyrelse.

Address and production units

1 active production units

Sivlandvænget 27C
5260 Odense S

Odense Municipality · Postcode 5260

Other companies at the address (1)

  • Rsp Systems A/SManufacture of instruments and appliances for measuring, testing and navigation
Production units
Production unitAddressEmployeesP number
Mads Z A/SSivlandvænget 27C, Hjallese, 5260 Odense S141020129103

Purpose

Selskabets formål er at drive engrosvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

37 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Wholesale of watches and jewellery (464800)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20224 changesownership 3 · accounts 1
  • Marcus Kapital ApS registered as owner (20%)
  • Hannemor ApS registered as owner (20%)
  • Markro HOLDING A/S is no longer registered as owner
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20186 changesname 1 · management 2 · ownership 3
  • Name changed from Mads Ziegler A/S to Mads Z A/S
  • Mads Ziegler Nielsen appointed director
  • Peter Krogsgaard Jørgensen stepped down as director
  • Markro HOLDING A/S registered as owner (33.33%)
  • M. ZIEGLER HOLDING ApS registered as owner (50%)
  • P/Z Holding A/S is no longer registered as owner
20167 changesownership 7
  • P/Z Holding A/S registered as owner (100%)
  • S/B Holding A/S is no longer registered as owner
  • O/Z Holding A/S is no longer registered as owner
  • S/B Holding A/S registered as owner (50%)
  • O/Z Holding A/S registered as owner (50%)
  • M. ZIEGLER HOLDING ApS is no longer registered as owner
  • Markro HOLDING A/S is no longer registered as owner
201514 changescapital 2 · address 2 · name 2 · management 4 · ownership 2 · industry 1 · founded 1
  • Share capital changed from 500,000 DKK to 5,000,000 DKK
  • Moved to Sivlandvænget 27C, Hjallese, 5260 Odense S
  • Name changed from Ziegler Jewellery A/S to Mads Ziegler A/S
  • Moved to Hack Kampmanns Plads 1, 2. tv, 8000 Aarhus C
  • Name changed from YELLOW G ApS to Ziegler Jewellery A/S
  • Share capital changed from 50,000 DKK to 500,000 DKK
  • Mads Ziegler Nielsen appointed board member
  • Anders Marcus appointed chair of the board
  • Peter Krogsgaard Jørgensen appointed board member
  • M. ZIEGLER HOLDING ApS registered as owner (33.33%)
  • Markro HOLDING A/S registered as owner (50%)
  • Industry changed to Wholesale of watches and jewellery (464800)
  • Registered as YELLOW G ApS
  • Peter Krogsgaard Jørgensen appointed director

Related companies

Same industry in Odense

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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. 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