Modern American Recycling Services, Europe A/S
Public limited companyCVR 39610922FrederikshavnActive
Modern American Recycling Services, Europe A/S is a public limited company, based in Frederikshavn, active in materials recovery, founded in 2018. Measured by gross profit, it ranks no. 6 of 68 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 13.1m. Operations are spread over 3 production units.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 62% (2024 → 2025), to DKK 96.1m.
- The loss got smaller: from DKK 28.9m to DKK 13.1m (2024 → 2025).
- Equity fell 26% (2024 → 2025), to DKK 37.8m.
Employees
- 18 more employees than a year earlier: 162 (07/2026) against 144 (07/2025).
Management and owners, last 24 months
- New in management: Kim Thygesen (board member, 22/04/2026).
- Stepped down: Bryan Jude Samanie (board member, 22/04/2026).
Registrations, last 24 months
- 01/01/2025: Industry changed to Materials recovery (382100)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 833 | 17,367 | 109,077 | 147,850 | 59,443 | 96,078 | +61.6% |
| Operating profit (EBIT) | −4,222 | 6,826 | 48,866 | 65,621 | −33,040 | −14,412 | +56.4% |
| Profit before tax | −4,254 | 6,372 | 47,375 | 62,561 | −36,943 | −16,784 | +54.6% |
| Net profit | −3,330 | 4,996 | 36,968 | 48,497 | −28,869 | −13,139 | +54.5% |
| Total assets | 57,800 | 69,635 | 125,817 | 264,299 | 335,201 | 330,012 | −1.5% |
| Equity | −7,320 | −2,324 | 29,964 | 79,842 | 50,973 | 37,835 | −25.8% |
| Liabilities | 65,120 | 71,959 | 93,198 | 172,385 | 278,560 | 291,434 | +4.6% |
| Cash and cash equivalents | 1,874 | 671 | 13,740 | 86,337 | 126,532 | 102,672 | −18.9% |
| Average number of employees | 11 | 69 | 103 | 116 | 120 | 128 | +6.7% |
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
Signals from the financial statements
calculated from the 2025 figuresLoss for 2 years in a row
Net result has been negative in 2024–2025.
How is this calculated?
Net result is negative in the two or more 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/10/2024 – 30/09/2025 | 29/04/2026 | The company | PDF not statedXBRL |
| 2024 | 01/10/2023 – 30/09/2024 | 16/04/2025 | The company | PDFXBRL |
| 2023 | 01/10/2022 – 30/09/2023 | 25/03/2024 | The company | PDFXBRL |
| 2022 | 01/10/2021 – 30/09/2022 | 17/03/2023 | The company | PDFXBRL |
| 2021 | 01/10/2020 – 30/09/2021 | 28/02/2022 | The company | PDFXBRL |
| 2020 | 01/10/2019 – 30/09/2020 | 16/03/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
68 companies in the databaseComparison with the other companies in materials recovery based on the latest financial year.
Industry median: gross profit DKK 5.5m, net profit DKK 577k, equity DKK 6.4m, 7 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | No. 730of 4,412 Better than 83% | No. 1,503of 4,466 Better than 66% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 346of 33,588 Better than 99% | No. 1,479of 33,687 Better than 96% |
| All companies of type A/S18,025 companies in the comparison | No. 1,647of 17,786 Better than 91% | No. 4,294of 18,024 Better than 76% |
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
Materials recovery- Modern American Recycling Services, Europe A/SDKK 96.1m
- Scanmetals A/SDKK 279.7m
- H.j. Hansen Recycling A/SDKK 260.8m
- Modern American Recycling Services, Europe A/S−DKK 13.1m
- Scanmetals A/S−DKK 34.1m
- H.j. Hansen Recycling A/SDKK 34.9m
- Modern American Recycling Services, Europe A/SDKK 37.8m
- Scanmetals A/SDKK 189.8m
- H.j. Hansen Recycling A/SDKK 251.1m
- Modern American Recycling Services, Europe A/S162
- Scanmetals A/S111
- H.j. Hansen Recycling A/S217
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Modern American Recycling Services, Inc.100%
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Kim Thygesen | CEO | 12/10/2021 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Dwight James Caton, SR. | Board member | 31/05/2018 |
| Kristi B. Caton | Chair of the board | 31/05/2018 |
| Kim Thygesen | Board member | 22/04/2026 |
- Founders
- Modern American Recycling Services, Inc.
Former management (7)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Dwight James Caton, SR. | Director | 31/05/2018 | 19/09/2019 |
| Abel Joseph Garcia | Board member | 31/05/2018 | 07/03/2019 |
| Thomas Matthew Clarke | Board member | 26/06/2018 | 07/03/2019 |
| William Travis Grove | Board member | 07/03/2019 | 30/01/2020 |
| Kim Thygesen | Director | 20/09/2019 | 11/10/2021 |
| Dwight James Caton, SR. | CEO | 20/09/2019 | 12/10/2021 |
| Bryan Jude Samanie | Board member | 30/01/2020 | 22/04/2026 |
Signing rule: Selskabet tegnes af den administrerende direktør i forening med bestyrelsesformanden, af to af bestyrelsens medlemmer i forening, eller af den samlede bestyrelse.
Address and production units
3 active production unitsSandholm 55H
9900 Frederikshavn
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Modern American Recycling Services, Europe A/S | Sandholm 55H, 9900 Frederikshavn | 162 | 1023664530 |
| Modern American Recycling Services, Europe A/S | Sandholm 60, 9900 Frederikshavn | – | 1026708466 |
| Modern American Recycling Services, Europe A/S | Sandholm 55A, 9900 Frederikshavn | – | 1026708474 |
Purpose
Selskabets formål er at foretage opkøb af emner til ophugning samt at ophugge disse samt anden dermed efter bestyrelsens skøn beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
28 registered events20263 changesaccounts 1 · management 2
- AccountsAnnual report for 2025 published
- ManagementKim Thygesen appointed board member
- ManagementBryan Jude Samanie stepped down as board member
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Materials recovery (382100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20214 changesmanagement 3 · accounts 1
- ManagementKim Thygesen appointed ceo
- ManagementDwight James Caton, SR. stepped down as ceo
- ManagementKim Thygesen stepped down as director
- AccountsAnnual report for 2020 published
20203 changesmanagement 2 · address 1
- ManagementBryan Jude Samanie appointed board member
- ManagementWilliam Travis Grove stepped down as board member
- AddressMoved to Sandholm 55H, 9900 Frederikshavn
20196 changesmanagement 6
- ManagementDwight James Caton, SR. appointed ceo
- ManagementKim Thygesen appointed director
- ManagementDwight James Caton, SR. stepped down as director
- ManagementWilliam Travis Grove appointed board member
- ManagementThomas Matthew Clarke stepped down as board member
- ManagementAbel Joseph Garcia stepped down as board member
20187 changesmanagement 5 · founded 1 · ownership 1
- ManagementThomas Matthew Clarke appointed board member
- FoundedRegistered as Modern American Recycling Services, Europe A/S
- ManagementDwight James Caton, SR. appointed director
- ManagementDwight James Caton, SR. appointed board member
- ManagementKristi B. Caton appointed chair of the board
- ManagementAbel Joseph Garcia appointed board member
- OwnershipModern American Recycling Services, Inc. registered as owner (100%)
Related companies
Largest in the industry
- Scanmetals A/SDKK 279.7m
- H.j. Hansen Recycling A/SDKK 260.8m
- Stena Recycling A/SDKK 209.2m
- Blue Phoenix Denmark A/SDKK 164.4m
- Blue Phoenix Denmark IBA A/SDKK 159m
- Gemidan A/SDKK 80.8m
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.