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Migatronic A/S

Public limited companyCVR 34485216FjerritslevActive

Migatronic A/S is a public limited company, based in Fjerritslev, active in manufacture of other electrical equipment, founded in 1971. Measured by gross profit, it ranks no. 2 of 86 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 26.5m. With 165 employees, the company is about 30 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 313.3m−5.7% vs. 2024
Net profit−DKK 26.5m−347.9% vs. 2024
EquityDKK 69.9m−28.4% vs. 2024
Employees165latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 1,922% (2024 → 2025), to DKK 312.9m.
  • Revenue fell 6% (2024 → 2025), to DKK 313.3m.
  • The loss grew: from DKK 5.9m to DKK 26.5m (2024 → 2025).
  • Equity fell 28% (2024 → 2025), to DKK 69.9m.

Employees

  • 12 fewer employees than a year earlier: 165 (07/2026) against 177 (07/2025).

Management and owners, last 24 months

  • New in management: Vibeke Andersen (board member, 18/06/2025), Henrik Hübner (chair of the board, 01/11/2025) and Hans-Henrik Jensen (ceo, 03/11/2025) (+1).
  • Stepped down: Frank Lorenz (chair of the board, 01/11/2025), Frank Justesen (board member, 18/06/2025) and Kristian Morberg Madsen (ceo, 28/01/2025) (+2).

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 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
EquityNet profit
Financial figures for Migatronic A/S
202020212022202320242025Change
Revenue288,053346,810387,253370,237332,211313,266−5.7%
Gross profit–––−2,14315,476312,890+1,921.8%
Operating profit (EBIT)−1,33411,12812,002−16,021−17−26,484−155,688.2%
Profit before tax−3,86311,6018,892−19,875−8,181−33,586−310.5%
Net profit−4,9699,2967,626−16,216−5,926−26,540−347.9%
Total assets264,684275,191291,015304,141285,220250,905−12%
Equity139,338148,433127,562103,25497,60169,924−28.4%
Liabilities125,346––200,887–––
Cash and cash equivalents30,10218,41715,12713,33517,0985,232−69.4%
Average number of employees2952883113052851−99.6%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320242025
Gross profitMedian, the industry (86 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Fewer employees

    The number of employees fell 100% from 285 in 2024 to 1 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

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 Migatronic A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/07/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202312/07/2024The groupPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The groupPDFXBRL
202101/01/2021 – 31/12/202109/06/2022The groupPDFXBRL
202001/01/2020 – 31/12/202007/05/2021The 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
05010015020008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

86 companies in the database

Comparison with the other companies in manufacture of other electrical equipment based on the latest financial year.

Gross profitDKK 312.9mNo. 2 of 86
Better than 99% of the companies in the industry
EquityDKK 69.9mNo. 6 of 86
Better than 94% of the companies in the industry
Number of employees165No. 72 of 86
Better than 16% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 697k, equity DKK 4.1m, 6 employees.

DKK 116kDKK 964kDKK 8mDKK 66.6mDKK 273.5mHere
Distribution of gross profit for 74 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. 82of 4,412
Better than 98%
No. 919of 4,466
Better than 79%
Same industry and 50–199 employees14 companies in the comparison
No. 1of 14
Better than 100%
No. 3of 14
Better than 85%
Companies that are at least 30 years old10,276 companies in the comparison
No. 284of 10,152
Better than 97%
No. 1,614of 10,275
Better than 84%
All companies of type A/S18,025 companies in the comparison
No. 479of 17,786
Better than 97%
No. 2,877of 18,024
Better than 84%

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

Manufacture of other electrical equipment
Gross profit
  1. Migatronic A/SDKK 312.9m
  2. Danfoss Power Electronics A/SDKK 554m
  3. Actulux A/SDKK 94.7m
Net profit
  1. Migatronic A/S−DKK 26.5m
  2. Danfoss Power Electronics A/SDKK 179.2m
  3. Actulux A/SDKK 29.7m
Equity
  1. Migatronic A/SDKK 69.9m
  2. Danfoss Power Electronics A/SDKK 607.4m
  3. Actulux A/SDKK 51.9m
Employees
  1. Migatronic A/S165
  2. Danfoss Power Electronics A/S987
  3. Actulux A/S105

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
  • Roed Invest ApS90%
Migatronic A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

8 active registrations

Executive management

Executive management at Migatronic A/S
NameRoleAppointed
Hans-Henrik JensenCEO03/11/2025

Board of directors

Board of directors at Migatronic A/S
NameRoleAppointed
Jørn Kresten RoedDeputy chair25/05/2022
Per Jensen ChristensenBoard member01/07/2023
Kristian JohansenDeputy board member01/07/2023
Søren Bjerregaard MadsenBoard member09/07/2024
Marie-Louise BjergBoard member19/09/2024
Vibeke AndersenBoard member18/06/2025
Henrik HübnerChair of the board01/11/2025
Former management (54)
Former management at Migatronic A/S
NameRoleAppointedResigned
Jørn RødbroBoard member31/12/197107/01/1992
Harald Christian HenningsenBoard member31/12/197103/05/1994
Karl Egeriis KrogshedeBoard member31/12/197109/12/1994
Frits Breinholt BjerreBoard member31/12/197114/04/1999
Erik Frantz HyldahlBoard member31/12/197127/04/2000
Ole RendbækBoard member31/12/197103/05/1994
Per RasmussenBoard member31/12/197114/04/1999
Lindy Vendelboe MortensenBoard member31/12/197103/04/1992
Christian Klit HolmDeputy board member31/12/197114/04/1999
Hans Henrik Sand PedersenBoard member31/12/197105/09/1991
Gunner WestergaardDeputy board member14/04/199930/04/2003
Elisabeth Hove NielsenBoard member14/04/199923/04/2007
Knud Jørgen PoulsenBoard member23/04/199923/04/2003
Evald Nørgaard SvendsenBoard member23/04/200323/04/2007
Carl OlsenDeputy board member23/04/200323/04/2007
Anders Holdt Høiris-AndersenBoard member22/04/200421/04/2015
Leif LarsenBoard member23/04/200701/04/2013
Else Elisabeth JohanssonBoard member23/04/200701/01/2009
Knud Erik NielsenDeputy board member23/04/200728/04/2011
Vibeke AndersenBoard member01/01/200930/06/2023
Kjeld RanumChair of the board22/04/201026/04/2012
Niels Jørn JakobsenDirector22/04/201030/09/2015
Peter RoedCEO22/04/201001/10/2012
Jesper Claudi KlausenDeputy board member28/04/201122/04/2015
Freddy FrandsenDeputy chair26/04/201222/04/2015
Anders Hjarnø JørgensenCEO01/10/201201/10/2015
Jens Viskinge JensenBoard member01/10/201225/04/2013
Martha Kirstine HolmeDirector01/10/201217/09/2018
Peter RoedChair of the board01/10/201223/04/2020
Frank JustesenBoard member01/04/201325/04/2019
Henrik SørensenBoard member25/04/201322/04/2015
Finn Thor HansenDirector17/03/201427/02/2015
Jens Lübeck JohansenBoard member22/04/201523/04/2020
Anders Holdt Høiris-AndersenDeputy chair22/04/201525/05/2022
Jørn Kresten RoedBoard member22/04/201524/05/2022
Mads Christian Bach PretzmannDeputy board member24/04/201526/04/2019
Niels Koldkjær PedersenDeputy board member24/04/201526/04/2019
Niels Jørn JakobsenCEO01/10/201502/03/2016
Niels Jørn JakobsenDirector03/03/201615/05/2017
Mads Flemming PrebensenCEO03/03/201616/05/2017
Niels Jørn JakobsenCEO16/05/201712/11/2020
Ib Richard Neustrup SimonsenDirector15/09/201717/09/2018
Frank JustesenDeputy board member26/04/201928/06/2020
Jakob TangeDeputy board member26/04/201930/06/2023
Lene Høg HolstBoard member26/04/201929/06/2020
Frank LorenzChair of the board23/04/202001/11/2025
Morten Gregers JohansenBoard member23/04/202025/05/2022
Frank JustesenBoard member29/06/202018/06/2025
Dorte Irene VestergaardDeputy board member29/06/202030/06/2023
Kristian Morberg MadsenCEO12/11/202028/01/2025
Henrik Dueholm MadsenBoard member25/05/202209/07/2024
Annemarie BrorsenBoard member25/05/202219/09/2024
Vibeke AndersenDeputy board member01/07/202317/06/2025
Jesper SkjødtCEO28/01/202503/11/2025

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med den administrerende direktør eller af bestyrelsens næstformand i forening med den administrerende direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Aggersundvej 33
9690 Fjerritslev

Jammerbugt Municipality · Postcode 9690

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
MIGATRONIC A/SAggersundvej 33, 9690 Fjerritslev1651001721060

Purpose

Selskabets formål er at producere elektronisk udstyr og maskiner samt drive virksomhed ved handel og kapitalanbringelse

The purpose is quoted from the register in Danish.

Changes year by year

145 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202510 changesmanagement 9 · accounts 1
  • Hans-Henrik Jensen appointed ceo
  • Jesper Skjødt stepped down as ceo
  • Henrik Hübner appointed chair of the board
  • Frank Lorenz stepped down as chair of the board
  • Annual report for 2024 published
  • Vibeke Andersen appointed board member
  • Frank Justesen stepped down as board member
  • Vibeke Andersen stepped down as deputy board member
  • Jesper Skjødt appointed ceo
  • Kristian Morberg Madsen stepped down as ceo
20245 changesmanagement 4 · accounts 1
  • Marie-Louise Bjerg appointed board member
  • Annemarie Brorsen stepped down as board member
  • Annual report for 2023 published
  • Søren Bjerregaard Madsen appointed board member
  • Henrik Dueholm Madsen stepped down as board member
20237 changesmanagement 6 · accounts 1
  • Kristian Johansen appointed deputy board member
  • Per Jensen Christensen appointed board member
  • Vibeke Andersen appointed deputy board member
  • Dorte Irene Vestergaard stepped down as deputy board member
  • Jakob Tange stepped down as deputy board member
  • Vibeke Andersen stepped down as board member
  • Annual report for 2022 published
20227 changesaccounts 1 · management 6
  • Annual report for 2021 published
  • Henrik Dueholm Madsen appointed board member
  • Jørn Kresten Roed appointed deputy chair
  • Annemarie Brorsen appointed board member
  • Morten Gregers Johansen stepped down as board member
  • Anders Holdt Høiris-Andersen stepped down as deputy chair
  • Jørn Kresten Roed stepped down as board member
20216 changesname 1 · accounts 1 · ownership 4
  • Name changed from SVEJSEMASKINEFABRIKKEN MIGATRONIC A/S to MIGATRONIC A/S
  • Annual report for 2020 published
  • ROED INVEST ApS registered as owner (90%)
  • Olav Würtz Hansen is no longer registered as owner
  • NAM INVEST ApS is no longer registered as owner
  • ROED INVEST ApS is no longer registered as owner
202012 changesmanagement 10 · ownership 2
  • Kristian Morberg Madsen appointed ceo
  • Niels Jørn Jakobsen stepped down as ceo
  • ROED INVEST ApS registered as owner (50%)
  • ROED INVEST ApS is no longer registered as owner
  • Dorte Irene Vestergaard appointed deputy board member
  • Frank Justesen appointed board member
  • Lene Høg Holst stepped down as board member
  • Frank Justesen stepped down as deputy board member
  • Morten Gregers Johansen appointed board member
  • Frank Lorenz appointed chair of the board
  • Jens Lübeck Johansen stepped down as board member
  • Peter Roed stepped down as chair of the board
201910 changesownership 2 · address 1 · management 6 · capital 1
  • MIGATRONIC A/S is no longer registered as owner
  • Moved to Aggersundvej 33, 9690 Fjerritslev
  • Jakob Tange appointed deputy board member
  • Lene Høg Holst appointed board member
  • Frank Justesen appointed deputy board member
  • Niels Koldkjær Pedersen stepped down as deputy board member
  • Mads Christian Bach Pretzmann stepped down as deputy board member
  • Share capital changed from 9,723,720 DKK to 8,759,460 DKK
  • Frank Justesen stepped down as board member
  • Olav Würtz Hansen registered as owner (5%)
20182 changesmanagement 2
  • Ib Richard Neustrup Simonsen stepped down as director
  • Martha Kirstine Holme stepped down as director
20174 changesmanagement 4
  • Ib Richard Neustrup Simonsen appointed director
  • Niels Jørn Jakobsen appointed ceo
  • Mads Flemming Prebensen stepped down as ceo
  • Niels Jørn Jakobsen stepped down as director
20163 changesmanagement 3
  • Niels Jørn Jakobsen appointed director
  • Mads Flemming Prebensen appointed ceo
  • Niels Jørn Jakobsen stepped down as ceo
201514 changesmanagement 13 · ownership 1
  • Niels Jørn Jakobsen appointed ceo
  • Anders Hjarnø Jørgensen stepped down as ceo
  • Niels Jørn Jakobsen stepped down as director
  • Niels Koldkjær Pedersen appointed deputy board member
  • Mads Christian Bach Pretzmann appointed deputy board member
  • Anders Holdt Høiris-Andersen appointed deputy chair
  • Jørn Kresten Roed appointed board member
  • Jens Lübeck Johansen appointed board member
  • Henrik Sørensen stepped down as board member
  • Freddy Frandsen stepped down as deputy chair
  • Jesper Claudi Klausen stepped down as deputy board member
  • Anders Holdt Høiris-Andersen stepped down as board member
  • MIGATRONIC A/S registered as owner (5%)
  • Finn Thor Hansen stepped down as director
20141 changemanagement 1
  • Finn Thor Hansen appointed director
20135 changesmanagement 4 · ownership 1
  • Henrik Sørensen appointed board member
  • Jens Viskinge Jensen stepped down as board member
  • NAM INVEST ApS registered as owner (10%)
  • Frank Justesen appointed board member
  • Leif Larsen stepped down as board member
20128 changesmanagement 7 · capital 1
  • Anders Hjarnø Jørgensen appointed ceo
  • Peter Roed appointed chair of the board
  • Martha Kirstine Holme appointed director
  • Jens Viskinge Jensen appointed board member
  • Peter Roed stepped down as ceo
  • Share capital changed from 8,958,000 DKK to 9,723,720 DKK
  • Freddy Frandsen appointed deputy chair
  • Kjeld Ranum stepped down as chair of the board
20112 changesmanagement 2
  • Jesper Claudi Klausen appointed deputy board member
  • Knud Erik Nielsen stepped down as deputy board member
20103 changesmanagement 3
  • Kjeld Ranum appointed chair of the board
  • Peter Roed appointed ceo
  • Niels Jørn Jakobsen appointed director
20093 changescapital 1 · management 2
  • Share capital changed from 9,822,400 DKK to 8,958,000 DKK
  • Vibeke Andersen appointed board member
  • Else Elisabeth Johansson stepped down as board member
20082 changescapital 1 · industry 1
  • Share capital changed from 12,022,400 DKK to 9,822,400 DKK
  • Industry changed to Manufacture of other electrical equipment (279000)
20077 changesmanagement 6 · address 1
  • Leif Larsen appointed board member
  • Knud Erik Nielsen appointed deputy board member
  • Else Elisabeth Johansson appointed board member
  • Evald Nørgaard Svendsen stepped down as board member
  • Carl Olsen stepped down as deputy board member
  • Elisabeth Hove Nielsen stepped down as board member
  • Moved to Aggersundvej 33, 9690 Fjerritslev
20051 changecapital 1
  • Share capital changed from 13,210,000 DKK to 12,022,400 DKK
20041 changemanagement 1
  • Anders Holdt Høiris-Andersen appointed board member
20036 changesmanagement 4 · capital 1 · industry 1
  • Gunner Westergaard stepped down as deputy board member
  • Share capital changed from 14,502,100 DKK to 13,210,000 DKK
  • Evald Nørgaard Svendsen appointed board member
  • Carl Olsen appointed deputy board member
  • Knud Jørgen Poulsen stepped down as board member
  • Industry changed to Fremstilling af andre værktøjsmaskiner i.a.n. (294300)
20002 changescapital 1 · management 1
  • Share capital changed from 16,100,000 DKK to 14,502,100 DKK
  • Erik Frantz Hyldahl stepped down as board member
19996 changesmanagement 6
  • Knud Jørgen Poulsen appointed board member
  • Elisabeth Hove Nielsen appointed board member
  • Gunner Westergaard appointed deputy board member
  • Christian Klit Holm stepped down as deputy board member
  • Per Rasmussen stepped down as board member
  • Frits Breinholt Bjerre stepped down as board member
19982 changescapital 2
  • Share capital changed from 15,907,000 DKK to 16,100,000 DKK
  • Share capital changed from 15,600,000 DKK to 15,907,000 DKK
19961 changeownership 1
  • ROED INVEST ApS registered as owner (33.33%)
19942 changesmanagement 2
  • Harald Christian Henningsen stepped down as board member
  • Ole Rendbæk stepped down as board member
19931 changemerger 1
  • Merger registered in CVR
19921 changemanagement 1
  • Lindy Vendelboe Mortensen stepped down as board member
19911 changemanagement 1
  • Hans Henrik Sand Pedersen stepped down as board member
19719 changesfounded 1 · management 8
  • Registered as SVEJSEMASKINEFABRIKKEN MIGATRONIC A/S
  • Harald Christian Henningsen appointed board member
  • Hans Henrik Sand Pedersen appointed board member
  • Christian Klit Holm appointed deputy board member
  • Lindy Vendelboe Mortensen appointed board member
  • Per Rasmussen appointed board member
  • Ole Rendbæk appointed board member
  • Erik Frantz Hyldahl appointed board member
  • Frits Breinholt Bjerre appointed board member

Related companies

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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 23/10/2026.

View in CVRReport a correction