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Midtgaard Farver A/S

Public limited companyCVR 13000603HerningActive

Midtgaard Farver A/S is a public limited company, based in Herning, active in wholesale of wood, construction materials and sanitary equipment, founded in 1989. Net profit rose 39% from 2024 to 2025, ending at DKK 1.6m. Operations are spread over 3 production units in 3 towns. 7 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 13.7m+17% vs. 2024
Net profitDKK 1.6m+38.9% vs. 2024
EquityDKK 9.4m+7.2% vs. 2024
Employees16latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 17% (2024 → 2025), to DKK 13.7m.
  • Net profit rose 39% (2024 → 2025), to DKK 1.6m.
  • Equity rose 7% (2024 → 2025), to DKK 9.4m.

Employees

  • 1 fewer employees than a year earlier: 16 (08/2026) against 17 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of wood, construction materials and sanitary equipment (468300)

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m202020212022202320242025
EquityNet profit
Financial figures for Midtgaard Farver A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit9,78912,34513,07011,71611,70913,704+17%
Operating profit (EBIT)2,2733,6443,8092,3871,4372,089+45.4%
Profit before tax2,2683,6393,8052,4161,5282,115+38.4%
Net profit1,7632,8312,9611,8721,1761,634+38.9%
Total assets19,77321,95519,78321,95119,95321,876+9.6%
Equity12,7257,80610,7679,1388,8159,449+7.2%
Liabilities7,04814,1499,01612,81211,13812,428+11.6%
Cash and cash equivalents5,3603,8752,7924,8121,3853,488+151.9%
Average number of employees171716161617+6.3%

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 14m202020212022202320242025
Gross profitMedian, the industry (430 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 Midtgaard Farver A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202516/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202416/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202316/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202224/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202131/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202023/03/2021The 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
02468101214161809/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

430 companies in the database

Comparison with the other companies in wholesale of wood, construction materials and sanitary equipment based on the latest financial year.

Gross profitDKK 13.7mNo. 117 of 429
Better than 73% of the companies in the industry
EquityDKK 9.4mNo. 166 of 430
Better than 62% of the companies in the industry
Number of employees16No. 103 of 430
Better than 76% of the companies in the industry

Industry median: gross profit DKK 5.9m, net profit DKK 623k, equity DKK 6.3m, 7 employees.

DKK 100kDKK 1.2mDKK 13.3mDKK 152.6mDKK 778.2mHere
Distribution of gross profit for 416 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. 2,808of 69,742
Better than 96%
No. 9,415of 69,964
Better than 87%
Same industry and fewer than 20 employees334 companies in the comparison
No. 41of 334
Better than 88%
No. 87of 334
Better than 74%
Companies that are at least 30 years old10,276 companies in the comparison
No. 3,538of 10,152
Better than 65%
No. 4,886of 10,275
Better than 52%
All companies of type A/S18,025 companies in the comparison
No. 7,591of 17,786
Better than 57%
No. 8,985of 18,024
Better than 50%

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 wood, construction materials and sanitary equipment
Gross profit
  1. Midtgaard Farver A/SDKK 13.7m
  2. Stark Danmark A/SDKK 1.8bn
  3. Bygma A/SDKK 1.4bn
Net profit
  1. Midtgaard Farver A/SDKK 1.6m
  2. Stark Danmark A/SDKK 238m
  3. Bygma A/SDKK 228m
Equity
  1. Midtgaard Farver A/SDKK 9.4m
  2. Stark Danmark A/SDKK 2bn
  3. Bygma A/SDKK 2.3bn
Employees
  1. Midtgaard Farver A/S16
  2. Stark Danmark A/S2,792
  3. Bygma A/S1,891

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
  • MF Industrifarver ApS100%
Midtgaard Farver A/S

Management

4 active registrations

Executive management

Executive management at Midtgaard Farver A/S
NameRoleAppointed
Peter BagterpDirector27/02/2001

Board of directors

Board of directors at Midtgaard Farver A/S
NameRoleAppointed
Peter BagterpBoard member27/02/2001
Heine Tange JepsenBoard member27/02/2001
Claus TrolleChair of the board04/12/2002
Founders
Birger Midtgaard, Michael Astorp, Ane Kathrine Midtgaard
Former management (16)
Former management at Midtgaard Farver A/S
NameRoleAppointedResigned
Birger MidtgaardChair of the board28/03/198926/11/1999
Birger MidtgaardDirector28/03/198908/08/1991
Jens PaulsenBoard member28/03/198909/06/1997
Jørgen WenshøjBoard member28/03/198918/11/1993
Hans IversenBoard member28/03/198920/03/1995
Jette AstorpBoard member28/03/198908/08/1991
Poul Erik LarsenBoard member28/03/198928/04/1994
Ane Kathrine MidtgaardBoard member28/03/198908/08/1991
Jens Erik VangkildeBoard member28/04/199404/02/1998
Jan BjærreBoard member26/11/199927/02/2001
Michael AstorpChair of the board27/02/200104/12/2002
Michael AstorpDirector27/02/200127/02/2001
Heinrich MøllerBoard member27/02/200116/03/2004
Hans Poulsgaard NielsenBoard member27/02/200125/05/2004
Frank Normann Jacobsen BuskBoard member19/08/200317/03/2009
Fritz Eduard JünglingBoard member16/03/200411/04/2016

Signing rule: Selskabet tegnes af direktøren i forening med 1 bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

3 active production units

Åkirkebyvej 2
7400 Herning

Herning Municipality · Postcode 7400

Production units
Production unitAddressEmployeesP number
MIDTGAARD FARVER A/SÅkirkebyvej 2, 7400 Herning121002933182
MIDTGAARD FARVER A/STømrervej 11A, 6710 Esbjerg V21012062571
MIDTGAARD FARVER A/SGranhøjvej 12, 8600 Silkeborg11002933194

Purpose

Selskabets formål er at drive engros- og detailfarvehandel og hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

51 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 wood, construction materials and sanitary equipment (468300)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • 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 Åkirkebyvej 2, 7400 Herning
20161 changemanagement 1
  • Fritz Eduard Jüngling stepped down as board member
20122 changesaddress 1 · industry 1
  • Moved to Åkirkebyvej 2, 7400 Herning
  • Industry changed to Engroshandel med lak, maling, tapet, gulvbelægning mv. (467320)
20091 changemanagement 1
  • Frank Normann Jacobsen Busk stepped down as board member
20062 changescapital 1 · ownership 1
  • Share capital changed from 850,000 DKK to 690,000 DKK
  • MF INDUSTRIFARVER ApS registered as owner (100%)
20043 changesmanagement 3
  • Hans Poulsgaard Nielsen stepped down as board member
  • Fritz Eduard Jüngling appointed board member
  • Heinrich Møller stepped down as board member
20032 changesname 1 · management 1
  • Name changed from HOS MIDTGAARD A/S to MIDTGAARD FARVER A/S
  • Frank Normann Jacobsen Busk appointed board member
20022 changesmanagement 2
  • Claus Trolle appointed chair of the board
  • Michael Astorp stepped down as chair of the board
20019 changesmanagement 9
  • Michael Astorp appointed chair of the board
  • Michael Astorp appointed director
  • Michael Astorp stepped down as director
  • Heinrich Møller appointed board member
  • Hans Poulsgaard Nielsen appointed board member
  • Peter Bagterp appointed board member
  • Peter Bagterp appointed director
  • Heine Tange Jepsen appointed board member
  • Jan Bjærre stepped down as board member
19992 changesmanagement 2
  • Jan Bjærre appointed board member
  • Birger Midtgaard stepped down as chair of the board
19981 changemanagement 1
  • Jens Erik Vangkilde stepped down as board member
19971 changemanagement 1
  • Jens Paulsen stepped down as board member
19951 changemanagement 1
  • Hans Iversen stepped down as board member
19942 changesmanagement 2
  • Jens Erik Vangkilde appointed board member
  • Poul Erik Larsen stepped down as board member
19932 changesmanagement 1 · capital 1
  • Jørgen Wenshøj stepped down as board member
  • Share capital changed from 500,000 DKK to 850,000 DKK
19913 changesmanagement 3
  • Birger Midtgaard stepped down as director
  • Ane Kathrine Midtgaard stepped down as board member
  • Jette Astorp stepped down as board member
19899 changesfounded 1 · management 8
  • Registered as HOS MIDTGAARD A/S
  • Jens Paulsen appointed board member
  • Birger Midtgaard appointed director
  • Hans Iversen appointed board member
  • Birger Midtgaard appointed chair of the board
  • Poul Erik Larsen appointed board member
  • Ane Kathrine Midtgaard appointed board member
  • Jette Astorp appointed board member
  • Jørgen Wenshøj appointed board member

Related companies

Same industry in Herning

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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.

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