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Malerfirma Thage W. Nielsen A/S

Public limited companyCVR 14041680Randers NVActive

Malerfirma Thage W. Nielsen A/S is a public limited company, based in Randers NV, active in painting, founded in 1990. Net profit fell 87% from 2024 to 2025, ending at DKK 210k. With 28 employees, the company is about 7 times larger than the industry median. Equity fell to DKK 4.1m in 2025.

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Key figures · financial year 2025

Gross profitDKK 12.5m−12.6% vs. 2024
Net profitDKK 210k−87.2% vs. 2024
EquityDKK 4.1m−30.4% vs. 2024
Employees28latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 13% (2024 → 2025), to DKK 12.5m.
  • Net profit fell 87% (2024 → 2025), to DKK 210k.
  • Equity fell 30% (2024 → 2025), to DKK 4.1m.

Employees

  • 3 fewer employees than a year earlier: 28 (08/2026) against 31 (08/2025).

Management and owners, last 24 months

  • New in management: Lone Krogh Jensen (chair of the board, 01/09/2025) and Lene Warrer (board member, 01/09/2025).
  • Stepped down: Flemming Bülow-Nielsen (chair of the board, 01/09/2025) and Lone Krogh Jensen (board member, 31/08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Painting (433410)

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 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Malerfirma Thage W. Nielsen A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit13,83017,76115,70916,00514,33712,534−12.6%
Operating profit (EBIT)––1,8532,5572,048304−85.1%
Profit before tax1,4262,8381,7902,5222,115277−86.9%
Net profit1,1032,2071,3871,9591,643210−87.2%
Total assets7,9769,1087,7059,0659,9329,204−7.3%
Equity1,6853,8924,2795,2385,8814,092−30.4%
Liabilities––3,4203,8214,0455,053+24.9%
Cash and cash equivalents3,1232,1283,7014,8936,1474,151−32.5%
Average number of employees03538323026−13.3%

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 10mDKK 12mDKK 14mDKK 16mDKK 18m202020212022202320242025
Gross profitMedian, the industry (815 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 30% from 2024 to 2025 (DKK 5.9m to DKK 4.1m).

    How is this calculated?

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

  • 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 Malerfirma Thage W. Nielsen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202523/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202408/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202322/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202218/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202118/02/2022The companyPDFXBRL
202001/01/2020 – 31/12/202002/02/2021The 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
051015202530354009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

815 companies in the database

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

Gross profitDKK 12.5mNo. 70 of 814
Better than 92% of the companies in the industry
EquityDKK 4.1mNo. 73 of 815
Better than 91% of the companies in the industry
Number of employees28No. 55 of 815
Better than 93% of the companies in the industry

Industry median: gross profit DKK 2.3m, net profit DKK 152k, equity DKK 642k, 4 employees.

DKK 100kDKK 601kDKK 3.6mDKK 21.7mDKK 71.7mHere
Distribution of gross profit for 797 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. 4,908of 9,892
Better than 50%
No. 5,166of 9,922
Better than 48%
Same industry and 20–49 employees82 companies in the comparison
No. 51of 82
Better than 38%
No. 30of 82
Better than 64%
Companies that are at least 30 years old10,276 companies in the comparison
No. 3,721of 10,152
Better than 63%
No. 6,593of 10,275
Better than 36%
All companies of type A/S18,025 companies in the comparison
No. 7,976of 17,786
Better than 55%
No. 12,271of 18,024
Better than 32%

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

Painting
Gross profit
  1. Malerfirma Thage W. Nielsen A/SDKK 12.5m
  2. Viebke & West A/SDKK 130.4m
  3. Aros Maler Entreprise A/SDKK 69m
Net profit
  1. Malerfirma Thage W. Nielsen A/SDKK 210k
  2. Viebke & West A/SDKK 13.4m
  3. Aros Maler Entreprise A/SDKK 35,038
Equity
  1. Malerfirma Thage W. Nielsen A/SDKK 4.1m
  2. Viebke & West A/SDKK 36.8m
  3. Aros Maler Entreprise A/SDKK 4m
Employees
  1. Malerfirma Thage W. Nielsen A/S28
  2. Viebke & West A/S284
  3. Aros Maler Entreprise A/S162

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
  • Thage W. Holding ApS25%
  • Mads Bülow Holding ApS66.67%
Malerfirma Thage W. Nielsen A/S

Management

4 active registrations

Executive management

Executive management at Malerfirma Thage W. Nielsen A/S
NameRoleAppointed
Mads BülowDirector18/04/2018

Board of directors

Board of directors at Malerfirma Thage W. Nielsen A/S
NameRoleAppointed
Mads BülowBoard member18/04/1990
Lone Krogh JensenChair of the board01/09/2025
Lene WarrerBoard member01/09/2025
Founders
Michael Bülow-Nielsen, Flemming Bülow-Nielsen, Mads Bülow, Henny Bülow-Nielsen
Former management (6)
Former management at Malerfirma Thage W. Nielsen A/S
NameRoleAppointedResigned
Michael Bülow-NielsenBoard member18/04/199018/04/2018
Flemming Bülow-NielsenBoard member18/04/199017/04/2018
Flemming Bülow-NielsenDirector18/04/199018/04/2018
Henny Bülow-NielsenBoard member18/04/199021/06/1996
Flemming Bülow-NielsenChair of the board18/04/201801/09/2025
Lone Krogh JensenBoard member18/04/201831/08/2025

Signing rule: Selskabet tegnes af den samlede bestyrelse, eller af  direktionen.

Address and production units

1 active production units

Glarbjergvej 47
8920 Randers NV

Randers Municipality · Postcode 8920

Production units
Production unitAddressEmployeesP number
MALERFIRMA THAGE W. NIELSEN A/SGlarbjergvej 47, 8920 Randers NV281000670285

Purpose

Selskabets formål er handel og håndværk.

The purpose is quoted from the register in Danish.

Changes year by year

32 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20256 changesmanagement 4 · accounts 1 · industry 1
  • Lone Krogh Jensen appointed chair of the board
  • Lene Warrer appointed board member
  • Flemming Bülow-Nielsen stepped down as chair of the board
  • Lone Krogh Jensen stepped down as board member
  • Annual report for 2024 published
  • Industry changed to Painting (433410)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaddress 1 · accounts 1
  • Moved to Glarbjergvej 47, 8920 Randers NV
  • Annual report for 2020 published
20192 changesownership 2
  • Thage W. Holding ApS registered as owner (25%)
  • Mads Bülow Holding ApS registered as owner (66.67%)
20187 changesmanagement 6 · ownership 1
  • Lone Krogh Jensen appointed board member
  • Flemming Bülow-Nielsen appointed chair of the board
  • Mads Bülow appointed director
  • Michael Bülow-Nielsen stepped down as board member
  • Flemming Bülow-Nielsen stepped down as director
  • Flemming Bülow-Nielsen stepped down as board member
  • THAGE W. HOLDING ApS is no longer registered as owner
20161 changeaddress 1
  • Moved to Glarbjergvej 47, 8920 Randers NV
20072 changesownership 1 · address 1
  • THAGE W. HOLDING ApS registered as owner (100%)
  • Moved to Glarbjergvej 47, 8900 Randers C
19961 changemanagement 1
  • Henny Bülow-Nielsen stepped down as board member
19951 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
19906 changesfounded 1 · management 5
  • Registered as MALERFIRMA THAGE W. NIELSEN A/S
  • Michael Bülow-Nielsen appointed board member
  • Mads Bülow appointed board member
  • Flemming Bülow-Nielsen appointed board member
  • Henny Bülow-Nielsen appointed board member
  • Flemming Bülow-Nielsen appointed director

Related companies

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.

View in CVRReport a correction