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MGS Design & Development A/S

Public limited companyCVR 20688297HørsholmActive

MGS Design & Development A/S is a public limited company, based in Hørsholm, active in engineering consultancy in production and mechanical engineering, founded in 1997. Net profit fell 28% from 2024 to 2025, ending at DKK 8.3m. With 78 employees, the company is about 39 times larger than the industry median. Equity grew to DKK 32.9m in 2025.

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Key figures · financial year 2025

Gross profitDKK 95m+13.6% vs. 2024
Net profitDKK 8.3m−28.1% vs. 2024
EquityDKK 32.9m+33.4% vs. 2024
Employees78latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 14% (2024 → 2025), to DKK 95m.
  • Net profit fell 28% (2024 → 2025), to DKK 8.3m.
  • Equity rose 33% (2024 → 2025), to DKK 32.9m.

Employees

  • 15 fewer employees than a year earlier: 78 (08/2026) against 93 (08/2025).

Management and owners, last 24 months

  • Stepped down: Allan Spork (director, 23/01/2026).

Registrations, last 24 months

  • 09/09/2025: Name changed from TECHNOLUTION A/S to MGS Design & Development A/S
  • 01/01/2025: Industry changed to Engineering consultancy in production and mechanical engineering (711220)

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35m202020212022202320242025
EquityNet profit
Financial figures for MGS Design & Development A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit37,79251,34163,45961,30183,64795,033+13.6%
Operating profit (EBIT)16,30118,48425,22912,09715,018––
Profit before tax16,46118,51425,42011,47814,83910,528−29%
Net profit12,83914,43019,7568,81111,4768,253−28.1%
Total assets23,67227,03730,01730,58635,12646,963+33.7%
Equity14,00314,78320,18913,22024,69632,949+33.4%
Liabilities9,62312,0399,29816,90310,126––
Cash and cash equivalents11,3095,6844,144–1,8332,511+37%
Average number of employees314150608290+9.8%

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 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
Gross profitMedian, the industry (372 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 MGS Design & Development A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202503/02/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202428/03/2025The companyPDFXBRL
202301/10/2022 – 30/09/202321/03/2024The companyPDFXBRL
202201/10/2021 – 30/09/202231/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202128/02/2022The companyPDFXBRL
202001/10/2019 – 30/09/202001/03/2021The 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
02040608010009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

372 companies in the database

Comparison with the other companies in engineering consultancy in production and mechanical engineering based on the latest financial year.

Gross profitDKK 95mNo. 11 of 371
Better than 97% of the companies in the industry
EquityDKK 32.9mNo. 20 of 372
Better than 95% of the companies in the industry
Number of employees78No. 11 of 372
Better than 97% of the companies in the industry

Industry median: gross profit DKK 2.3m, net profit DKK 272k, equity DKK 1.3m, 2 employees.

DKK 100kDKK 2mDKK 39mDKK 770.4mDKK 5.6bnHere
Distribution of gross profit for 343 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 50–199 employees4,467 companies in the comparison
No. 746of 4,412
Better than 83%
No. 1,646of 4,466
Better than 63%
Same industry and 50–199 employees15 companies in the comparison
No. 4of 15
Better than 79%
No. 5of 15
Better than 71%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 758of 24,791
Better than 97%
No. 3,170of 24,909
Better than 87%
All companies of type A/S18,025 companies in the comparison
No. 1,662of 17,786
Better than 91%
No. 4,663of 18,024
Better than 74%

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

Engineering consultancy in production and mechanical engineering
Gross profit
  1. MGS Design & Development A/SDKK 95m
  2. Grundfos Holding A/SDKK 15.2bn
  3. NNE A/SDKK 681.3m
Net profit
  1. MGS Design & Development A/SDKK 8.3m
  2. Grundfos Holding A/SDKK 2.8bn
  3. NNE A/SDKK 385.3m
Equity
  1. MGS Design & Development A/SDKK 32.9m
  2. Grundfos Holding A/SDKK 25.3bn
  3. NNE A/SDKK 670.3m
Employees
  1. MGS Design & Development A/S78
  2. Grundfos Holding A/S2,092
  3. NNE A/S1,783

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
  • Mgs Mfg. Group, Inc.100%
MGS Design & Development A/S

Management

4 active registrations

Executive management

Executive management at MGS Design & Development A/S
NameRoleAppointed
Thomas Bach AgerslevCEO01/11/2022

Board of directors

Board of directors at MGS Design & Development A/S
NameRoleAppointed
Thomas Bach AgerslevBoard member01/06/2023
Michael Noel FinneranBoard member01/06/2023
Paul Edward ManleyChair of the board01/06/2023
Founders
Proinvent A/S
Former management (10)
Former management at MGS Design & Development A/S
NameRoleAppointedResigned
Torben PetersenBoard member24/11/199731/01/2003
Leif DalumBoard member24/11/199731/01/2003
Leif DalumDirector24/11/199731/01/2003
Anders Martin HansenBoard member01/02/200301/04/2012
Ulrik SporkChair of the board01/02/200301/06/2023
Allan SporkBoard member01/02/200301/06/2023
Allan SporkDirector01/02/200323/01/2026
Poul LindBoard member01/04/201224/02/2017
Thomas Bach AgerslevBoard member01/02/201801/11/2022
Ricki BoyeBoard member01/11/202201/06/2023

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

Address and production units

1 active production units

Lyngsø Alle 3
2970 Hørsholm

Hørsholm Municipality · Postcode 2970

Other companies at the address (5)

Production units
Production unitAddressEmployeesP number
MGS Design & Development A/SLyngsø Alle 3, 2970 Hørsholm781004450596

Purpose

Selskabets formål er at drive virksomhed ved handel, rådgivning, projektering, produktudvikling og produktion samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

58 registered events
20262 changesaccounts 1 · management 1
  • Annual report for 2025 published
  • Allan Spork stepped down as director
20253 changesname 1 · accounts 1 · industry 1
  • Name changed from TECHNOLUTION A/S to MGS Design & Development A/S
  • Annual report for 2024 published
  • Industry changed to Engineering consultancy in production and mechanical engineering (711220)
20241 changeaccounts 1
  • Annual report for 2023 published
202313 changesmanagement 6 · ownership 6 · accounts 1
  • Paul Edward Manley appointed chair of the board
  • Michael Noel Finneran appointed board member
  • Thomas Bach Agerslev appointed board member
  • Ricki Boye stepped down as board member
  • Ulrik Spork stepped down as chair of the board
  • Allan Spork stepped down as board member
  • MGS MFG. GROUP, INC. registered as owner (100%)
  • Agerslev Holding ApS is no longer registered as owner
  • SPORK HOLDING ApS is no longer registered as owner
  • Michael Tokeskov Mikkelsen is no longer registered as owner
  • TNIV 2 ApS is no longer registered as owner
  • TNIV 1 ApS is no longer registered as owner
  • Annual report for 2022 published
20227 changesmanagement 3 · ownership 3 · accounts 1
  • Thomas Bach Agerslev appointed ceo
  • Ricki Boye appointed board member
  • Thomas Bach Agerslev stepped down as board member
  • Agerslev Holding ApS registered as owner (5%)
  • SPORK HOLDING ApS registered as owner (33.33%)
  • SPORK HOLDING ApS is no longer registered as owner
  • Annual report for 2021 published
20216 changesownership 5 · accounts 1
  • Michael Tokeskov Mikkelsen registered as owner (5%)
  • Annual report for 2020 published
  • TNIV 2 ApS registered as owner (10%)
  • SPORK HOLDING ApS registered as owner (50%)
  • TNIV 1 ApS registered as owner (10%)
  • SPORK HOLDING ApS is no longer registered as owner
20181 changemanagement 1
  • Thomas Bach Agerslev appointed board member
20173 changesownership 2 · management 1
  • SPORK HOLDING ApS registered as owner (66.67%)
  • SPORK HOLDING ApS is no longer registered as owner
  • Poul Lind stepped down as board member
20131 changeaddress 1
  • Moved to Lyngsø Alle 3, 2970 Hørsholm
20123 changesmanagement 2 · ownership 1
  • Poul Lind appointed board member
  • Anders Martin Hansen stepped down as board member
  • SPORK HOLDING ApS registered as owner (100%)
20081 changeindustry 1
  • Industry changed to Engineering consultancy in production and mechanical engineering (711220)
200313 changesaddress 3 · name 2 · industry 1 · management 7
  • Moved to Lyngsø Alle 3, 2970 Hørsholm
  • Name changed from ALLAN SPORK DRIFT A/S to TECHNOLUTION A/S
  • Moved to Lyngsø Alle 3, 2970 Hørsholm
  • Industry changed to Rådgivende ingeniørvirksomhed indenfor produktions- og maskinteknik (742020)
  • Ulrik Spork appointed chair of the board
  • Allan Spork appointed director
  • Allan Spork appointed board member
  • Anders Martin Hansen appointed board member
  • Name changed from PROINVENT A/S EJENDOMSSELSKAB to ALLAN SPORK DRIFT A/S
  • Moved to Lyngsø Alle 3, 2970 Hørsholm
  • Leif Dalum stepped down as board member
  • Leif Dalum stepped down as director
  • Torben Petersen stepped down as board member
19974 changesfounded 1 · management 3
  • Registered as PROINVENT A/S EJENDOMSSELSKAB
  • Leif Dalum appointed board member
  • Leif Dalum appointed director
  • Torben Petersen appointed board member

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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