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Mandalay A/S

Public limited companyCVR 20445947SilkeborgActive

Mandalay A/S is a public limited company, based in Silkeborg, active in wholesale of furniture for homes, offices and shops, carpets and lighting equipment, founded in 1997. Equity was negative at the end of 2025 (−DKK 139k). Net profit fell 98% from 2024 to 2025, ending at DKK 12,422.

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Key figures · financial year 2025

Gross profitDKK 4.5m−18.1% vs. 2024
Net profitDKK 12,422−97.8% vs. 2024
Equity−DKK 139k+8.2% vs. 2024
Employees9latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 18% (2024 → 2025), to DKK 4.5m.
  • Net profit fell 98% (2024 → 2025), to DKK 12,422.

Employees

  • 1 more employees than a year earlier: 9 (08/2026) against 8 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of furniture for homes, offices and shops, carpets and lighting equipment (464700)

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 6m−DKK 4m−DKK 2mDKK 0DKK 2m202020212022202320242025
EquityNet profit
Financial figures for Mandalay A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit4,7997,0176,0954,4785,5434,539−18.1%
Operating profit (EBIT)1,7103,4252,571751932196−79%
Profit before tax1,672––––––
Net profit1,6722,8401,98524857412−97.8%
Total assets10,35712,64714,11410,7698,8069,177+4.2%
Equity−5,799−2,959−973−725−151−139+8.2%
Liabilities16,15615,60615,08711,4948,9579,316+4%
Cash and cash equivalents4,4013,9782,7702,9679981,543+54.5%
Average number of employees678898−11.1%

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 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7m202020212022202320242025
Gross profitMedian, the industry (306 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 139k at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • 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 Mandalay A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202412/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202215/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202112/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/04/2021The 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
0246810121409/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

306 companies in the database

Comparison with the other companies in wholesale of furniture for homes, offices and shops, carpets and lighting equipment based on the latest financial year.

Gross profitDKK 4.5mNo. 144 of 305
Better than 53% of the companies in the industry
Equity−DKK 139kNo. 285 of 306
Better than 7% of the companies in the industry
Number of employees9No. 122 of 306
Better than 60% of the companies in the industry

Industry median: gross profit DKK 3.8m, net profit DKK 377k, equity DKK 3.6m, 5 employees.

DKK 100kDKK 855kDKK 7.3mDKK 62.6mDKK 261.9mHere
Distribution of gross profit for 289 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. 14,973of 69,742
Better than 79%
No. 62,892of 69,964
Better than 10%
Same industry and fewer than 20 employees250 companies in the comparison
No. 90of 250
Better than 64%
No. 229of 250
Better than 8%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 10,359of 24,791
Better than 58%
No. 23,561of 24,909
Better than 5%
All companies of type A/S18,025 companies in the comparison
No. 12,339of 17,786
Better than 31%
No. 17,192of 18,024
Better than 5%

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 furniture for homes, offices and shops, carpets and lighting equipment
Gross profit
  1. Mandalay A/SDKK 4.5m
  2. Actona Group A/SDKK 535.5m
  3. Holmris B8 A/SDKK 408.7m
Net profit
  1. Mandalay A/SDKK 12,422
  2. Actona Group A/S−DKK 86.1m
  3. Holmris B8 A/SDKK 21.7m
Equity
  1. Mandalay A/S−DKK 139k
  2. Actona Group A/SDKK 565.4m
  3. Holmris B8 A/SDKK 250.3m
Employees
  1. Mandalay A/S9
  2. Actona Group A/S183
  3. Holmris B8 A/S231

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
  • NRK Invest Holding ApS100%
Mandalay A/S

Management

4 active registrations

Executive management

Executive management at Mandalay A/S
NameRoleAppointed
Jakob Risvig SkovCEO01/06/2018

Board of directors

Board of directors at Mandalay A/S
NameRoleAppointed
José Rodrigues KristensenChair of the board05/02/2016
Jakob Risvig SkovBoard member19/02/2018
Kirsa RodriguesBoard member31/12/2023
Founders
Mogens Tolling
Former management (12)
Former management at Mandalay A/S
NameRoleAppointedResigned
Hans-Frederik DydensborgChair of the board01/10/199717/02/2005
Annette TollingBoard member01/10/199705/02/2016
Mogens TollingBoard member01/10/199705/02/2016
Mogens TollingDirector01/10/199705/02/2016
Christian Vinding ThomsenChair of the board17/02/200501/09/2008
Ole Erlich-EriksenBoard member01/09/200805/02/2016
Anders Marschall-MouritsenBoard member05/02/201619/02/2018
Anders Marschall-MouritsenDirector05/02/201619/02/2018
Kirsa RodriguesBoard member05/02/201601/06/2018
Kirsa RodriguesCEO19/02/201801/06/2018
Christian DaweBoard member01/06/201831/12/2023
Claes Erik Hvilsted-OlsenBoard member01/06/201831/12/2023

Signing rule: Selskabet tegnes af 2 medlemmer af bestyrelsen i forening eller af en direktør.

Address and production units

1 active production units

Hårup Skovvej 6
8600 Silkeborg

Silkeborg Municipality · Postcode 8600

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
MANDALAY A/SHårup Skovvej 6, 8600 Silkeborg91004309209

Purpose

Selskabets formål er handel, fabrikation og udlejning og dermed beslægtet virksomhed såvel i Danmark som i udlandet.

The purpose is quoted from the register in Danish.

Changes year by year

46 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 furniture for homes, offices and shops, carpets and lighting equipment (464700)
20242 changesaddress 1 · accounts 1
  • Moved to Hårup Skovvej 6, 8600 Silkeborg
  • Annual report for 2023 published
20234 changesmanagement 3 · accounts 1
  • Kirsa Rodrigues appointed board member
  • Claes Erik Hvilsted-Olsen stepped down as board member
  • Christian Dawe 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
20201 changeaddress 1
  • Moved to Mads Clausens Vej 9, 8600 Silkeborg
201810 changesaddress 1 · management 9
  • Moved to Marielundvej 28, 2730 Herlev
  • Jakob Risvig Skov appointed ceo
  • Claes Erik Hvilsted-Olsen appointed board member
  • Christian Dawe appointed board member
  • Kirsa Rodrigues stepped down as ceo
  • Kirsa Rodrigues stepped down as board member
  • Kirsa Rodrigues appointed ceo
  • Jakob Risvig Skov appointed board member
  • Anders Marschall-Mouritsen stepped down as board member
  • Anders Marschall-Mouritsen stepped down as director
20169 changesmanagement 8 · ownership 1
  • Kirsa Rodrigues appointed board member
  • Anders Marschall-Mouritsen appointed board member
  • Anders Marschall-Mouritsen appointed director
  • José Rodrigues Kristensen appointed chair of the board
  • Ole Erlich-Eriksen stepped down as board member
  • Annette Tolling stepped down as board member
  • Mogens Tolling stepped down as director
  • Mogens Tolling stepped down as board member
  • NRK Invest Holding ApS registered as owner (100%)
20151 changeownership 1
  • M. Tolling Holding ApS is no longer registered as owner
20131 changeindustry 1
  • Industry changed to Wholesale of furniture for homes, offices and shops, carpets and lighting equipment (464700)
20121 changeaddress 1
  • Moved to Marielundvej 28, 2730 Herlev
20091 changename 1
  • Name changed from MANDALAY FURNITURE A/S to MANDALAY A/S
20082 changesmanagement 2
  • Ole Erlich-Eriksen appointed board member
  • Christian Vinding Thomsen stepped down as chair of the board
20071 changeaddress 1
  • Moved to Marielundvej 48C, 2730 Herlev
20061 changeownership 1
  • M. Tolling Holding ApS registered as owner (100%)
20052 changesmanagement 2
  • Christian Vinding Thomsen appointed chair of the board
  • Hans-Frederik Dydensborg stepped down as chair of the board
19975 changesfounded 1 · management 4
  • Registered as MANDALAY FURNITURE A/S
  • Annette Tolling appointed board member
  • Mogens Tolling appointed director
  • Mogens Tolling appointed board member
  • Hans-Frederik Dydensborg appointed chair of the board

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Same people in management

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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.

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