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Modulex Group ApS

Private limited companyCVR 42316970BillundActive

Modulex Group ApS is a private limited company, based in Billund, active in non-financial holding companies, founded in 2021. Net profit fell 50% from 2024 to 2025, ending at DKK 9.8m. With 3 employees, the company is about 3 times larger than the industry median. Gross profit is higher than that of 94% of the companies in the industry in the database.

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Key figures · financial year 2025

RevenueDKK 238.6m+7.3% vs. 2024
Net profitDKK 9.8m−50.5% vs. 2024
EquityDKK 39.4m+6.1% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 3% (2024 → 2025), to DKK 98.3m.
  • Revenue rose 7% (2024 → 2025), to DKK 238.6m.
  • Net profit fell 50% (2024 → 2025), to DKK 9.8m.
  • Equity rose 6% (2024 → 2025), to DKK 39.4m.

Management and owners, last 24 months

  • New in management: Ketil Mølbach Staalesen (chair of the board, 31/01/2026), Gustaf André Zandelin (board member, 31/01/2026) and John Michael Elvington (board member, 31/01/2026) (+3).
  • Stepped down: Søren Sonne (chair of the board, 31/01/2026), Ketil Mølbach Staalesen (board member, 30/01/2026) and Philippa Clare Brown (board member, 31/01/2026).
  • New owners registered: KMS Invest LTD (27/12/2024), Jae Modulex Llc (01/01/2025) and Zanlight Holding AB (01/08/2025) (+1).
  • No longer registered as owner: KMS Invest LTD (26/12/2024) and Kirk & Thorsen A/S (27/12/2024).

Registrations, last 24 months

  • 07/05/2026: Share capital changed from 760,941 DKK to 799,331 DKK
  • 06/05/2026: Share capital changed from 729,410 DKK to 760,941 DKK
  • 01/08/2025: Share capital changed from 690,422 DKK to 729,410 DKK
  • 01/08/2025: Name changed from Modulex Holding ApS to Modulex Group ApS
  • 01/01/2025: Share capital changed from 630,631 DKK to 690,422 DKK

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 2021–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 10mDKK 20mDKK 30mDKK 40m20212022202320242025
EquityNet profit
Financial figures for Modulex Group ApS
20212022202320242025Change
Revenue140,035216,594181,525222,360238,558+7.3%
Gross profit48,85471,29870,24995,46698,256+2.9%
Operating profit (EBIT)5,6899,80816,84626,09714,986−42.6%
Profit before tax9,0528,80124,29024,16512,953−46.4%
Net profit6,7766,35525,43119,7559,781−50.5%
Total assets124,469121,254117,620113,874140,301+23.2%
Equity40,84637,82917,64237,15739,410+6.1%
Liabilities80,61277,77894,64570,45094,757+34.5%
Cash and cash equivalents17,23715,69827,84919,22531,674+64.8%
Average number of employees164–8993129+38.7%

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 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m20212022202320242025
Gross profitMedian, the industry (2,138 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

5 financial years
Annual reports for Modulex Group ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202506/05/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202427/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202326/06/2024The groupPDFXBRL
202201/01/2022 – 31/12/202223/05/2023The groupPDFXBRL
202119/04/2021 – 31/12/202129/06/2022The groupPDFXBRL

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
011223301/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profitDKK 98.3mNo. 125 of 2,093
Better than 94% of the companies in the industry
EquityDKK 39.4mNo. 980 of 2,138
Better than 54% of the companies in the industry
Number of employees3No. 108 of 2,138
Better than 95% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

DKK 100kDKK 2.1mDKK 44.6mDKK 942.6mDKK 7.2bnHere
Distribution of gross profit for 820 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. 315of 69,742
Better than 100%
No. 3,671of 69,964
Better than 95%
Same industry and fewer than 20 employees2,092 companies in the comparison
No. 103of 2,048
Better than 95%
No. 953of 2,092
Better than 54%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 333of 33,579
Better than 99%
No. 1,419of 33,678
Better than 96%
All companies of type ApS66,508 companies in the comparison
No. 311of 66,379
Better than 100%
No. 2,542of 66,505
Better than 96%

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

Non-financial holding companies
Gross profit
  1. Modulex Group ApSDKK 98.3m
  2. Heartland A/SDKK 19.9bn
  3. Andel A.M.B.A.DKK 5.6bn
Net profit
  1. Modulex Group ApSDKK 9.8m
  2. Heartland A/SDKK 4.9bn
  3. Andel A.M.B.A.−DKK 2.9bn
Equity
  1. Modulex Group ApSDKK 39.4m
  2. Heartland A/SDKK 39.2bn
  3. Andel A.M.B.A.DKK 29.5bn
Employees
  1. Modulex Group ApS3
  2. Heartland A/S34
  3. Andel A.M.B.A.28

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
  • KMS Invest LTD66.67%
  • Jae Modulex Llc5%
  • Zanlight Holding AB5%
  • Eryndel Ltd.5%
Modulex Group ApS
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

7 active registrations

Executive management

Executive management at Modulex Group ApS
NameRoleAppointed
Ketil Mølbach StaalesenDirector19/04/2021

Board of directors

Board of directors at Modulex Group ApS
NameRoleAppointed
Ketil Mølbach StaalesenChair of the board31/01/2026
Gustaf André ZandelinBoard member31/01/2026
John Michael ElvingtonBoard member31/01/2026
Per Johan Alex RylanderBoard member31/01/2026
Mikkel ArreborgBoard member15/05/2026
Abdulwahab A. A. AlMarzouqBoard member15/05/2026
Founders
Thorsen Equity ApS
Former management (5)
Former management at Modulex Group ApS
NameRoleAppointedResigned
Søren SonneChair of the board19/04/202131/01/2026
Jens Alfred IversenBoard member19/04/202109/01/2024
Jens Guldbrand HansenBoard member19/04/202109/01/2024
Ketil Mølbach StaalesenBoard member19/04/202130/01/2026
Philippa Clare BrownBoard member09/01/202431/01/2026

Signing rule: Selskabet tegnes af en direktør eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Kløvervej 95
7190 Billund

Billund Municipality · Postcode 7190

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Modulex Group ApSKløvervej 95, 7190 Billund31027064961

Purpose

Selskabets formål er at eje kapitalandele i andre selskaber samt at drive virksomhed med investeringer i bred forstand.

The purpose is quoted from the register in Danish.

Changes year by year

51 registered events
202613 changesmanagement 9 · ownership 1 · capital 2 · accounts 1
  • Mikkel Arreborg appointed board member
  • Abdulwahab A. A. AlMarzouq appointed board member
  • Eryndel Ltd. registered as owner (5%)
  • Share capital changed from 760,941 DKK to 799,331 DKK
  • Share capital changed from 729,410 DKK to 760,941 DKK
  • Annual report for 2025 published
  • Ketil Mølbach Staalesen appointed chair of the board
  • Gustaf André Zandelin appointed board member
  • John Michael Elvington appointed board member
  • Per Johan Alex Rylander appointed board member
  • Philippa Clare Brown stepped down as board member
  • Søren Sonne stepped down as chair of the board
  • Ketil Mølbach Staalesen stepped down as board member
20256 changesname 1 · capital 2 · ownership 2 · accounts 1
  • Name changed from Modulex Holding ApS to Modulex Group ApS
  • Share capital changed from 690,422 DKK to 729,410 DKK
  • Zanlight Holding AB registered as owner (5%)
  • Annual report for 2024 published
  • Share capital changed from 630,631 DKK to 690,422 DKK
  • JAE MODULEX LLC registered as owner (5%)
202414 changesownership 9 · accounts 1 · capital 1 · management 3
  • KMS Invest LTD registered as owner (66.67%)
  • KIRK & THORSEN A/S is no longer registered as owner
  • KMS Invest LTD is no longer registered as owner
  • Annual report for 2023 published
  • KIRK & THORSEN A/S registered as owner (5%)
  • Thorsen Equity ApS is no longer registered as owner
  • Share capital changed from 1,000,000 DKK to 630,631 DKK
  • KMS Invest LTD registered as owner (66.67%)
  • Thorsen Equity ApS registered as owner (5%)
  • Modulex Group ApS is no longer registered as owner
  • KMS Invest LTD is no longer registered as owner
  • Philippa Clare Brown appointed board member
  • Jens Alfred Iversen stepped down as board member
  • Jens Guldbrand Hansen stepped down as board member
20235 changesownership 4 · accounts 1
  • Thorsen Equity ApS is no longer registered as owner
  • Modulex Group ApS registered as owner (33.33%)
  • Thorsen Equity ApS registered as owner (20%)
  • Thorsen Equity ApS is no longer registered as owner
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
202112 changesaddress 1 · capital 1 · ownership 4 · founded 1 · management 5
  • Moved to Kløvervej 95, 7190 Billund
  • Share capital changed from 40,000 DKK to 1,000,000 DKK
  • KMS Invest LTD registered as owner (50%)
  • Thorsen Equity ApS registered as owner (33.33%)
  • Thorsen Equity ApS is no longer registered as owner
  • Registered as Modulex Holding ApS
  • Søren Sonne appointed chair of the board
  • Jens Alfred Iversen appointed board member
  • Jens Guldbrand Hansen appointed board member
  • Ketil Mølbach Staalesen appointed board member
  • Ketil Mølbach Staalesen appointed director
  • Thorsen Equity ApS registered as owner (100%)

Related companies

Same people in management

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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