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MT Højgaard Property Development A/S

Public limited companyCVR 35865829SøborgActive

MT Højgaard Property Development A/S is a public limited company, based in Søborg, active in development of building projects, founded in 2014. The company went from a profit in 2024 to a loss of DKK 14.6m in 2025. Gross profit is higher than that of 94% of the companies in the industry in the database. 6 other companies in the database are registered at the same address.

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Key figures · financial year 2025

RevenueDKK 264m−18.4% vs. 2024
Net profit−DKK 14.6m−197.4% vs. 2024
EquityDKK 109.2m−11.7% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 32% (2024 → 2025), to DKK 14.5m.
  • Revenue fell 18% (2024 → 2025), to DKK 264m.
  • Net profit went from a profit of DKK 15m to a loss of DKK 14.6m (2024 → 2025).
  • Equity fell 12% (2024 → 2025), to DKK 109.2m.

Employees

  • 26 fewer employees than a year earlier: 3 (11/2025) against 29 (11/2024).

Management and owners, last 24 months

  • New in management: Carsten Elbrønd Nielsen (board member, 02/04/2025), Hoang Bao Pedersen-Nguyen (board member, 02/04/2025) and Carsten Elbrønd Nielsen (director, 01/05/2025) (+2).
  • Stepped down: Morten Hansen (board member, 02/04/2025), Mads Bøgelund Lauritzen (director, 01/05/2025) and Rasmus Untidt (chair of the board, 02/04/2025) (+2).
  • New owners registered: MT Højgaard Danmark A/S (01/04/2025).
  • No longer registered as owner: MT Højgaard Holding A/S (01/04/2025).

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 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
EquityNet profit
Financial figures for MT Højgaard Property Development A/S
202020212022202320242025Change
Revenuenot stated180,620288,515330,183323,472264,046−18.4%
Gross profit0−28,1191,4336,35921,18714,458−31.8%
Operating profit (EBIT)−14−63,800−18,301–7,9032,268−71.3%
Profit before tax−14−19,2638,0581,68813,754−19,138−239.1%
Net profit−1−14,95423,4455,95714,970−14,578−197.4%
Total assets850573,738831,568561,855506,913348,029−31.3%
Equity49979,217102,662108,619123,726109,209−11.7%
Liabilities350494,520728,906––––
Cash and cash equivalents–4,3711,757026,52613,477−49.2%
Average number of employees02631322910−65.5%

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: 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 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20m202020212022202320242025
Gross profitMedian, the industry (295 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 66% from 29 in 2024 to 10 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 MT Højgaard Property Development A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202524/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202224/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202107/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202008/07/2021The 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
051015202530354012/2201/2302/2303/2304/2305/2306/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/25
Employees

Position in the industry

295 companies in the database

Comparison with the other companies in development of building projects based on the latest financial year.

Gross profitDKK 14.5mNo. 20 of 295
Better than 94% of the companies in the industry
EquityDKK 109.2mNo. 11 of 295
Better than 97% of the companies in the industry
Number of employees3No. 37 of 295
Better than 88% of the companies in the industry

Industry median: gross profit DKK 1.7m, net profit DKK 109k, equity DKK 839k, 3 employees.

DKK 100kDKK 594kDKK 3.5mDKK 21mDKK 68.9mHere
Distribution of gross profit for 255 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. 2,568of 69,742
Better than 96%
No. 1,687of 69,964
Better than 98%
Same industry and fewer than 20 employees275 companies in the comparison
No. 10of 275
Better than 97%
No. 7of 275
Better than 98%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 2,938of 33,588
Better than 91%
No. 651of 33,687
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 7,350of 17,786
Better than 59%
No. 2,132of 18,024
Better than 88%

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

Development of building projects
Gross profit
  1. MT Højgaard Property Development A/SDKK 14.5m
  2. KT Erhvervsbyg A/SDKK 124.8m
  3. AG Construction A/SDKK 119.8m
Net profit
  1. MT Højgaard Property Development A/S−DKK 14.6m
  2. KT Erhvervsbyg A/SDKK 39.3m
  3. AG Construction A/SDKK 34.3m
Equity
  1. MT Højgaard Property Development A/SDKK 109.2m
  2. KT Erhvervsbyg A/SDKK 167.3m
  3. AG Construction A/SDKK 258.5m
Employees
  1. MT Højgaard Property Development A/S3
  2. KT Erhvervsbyg A/S111
  3. AG Construction A/S47

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
MT Højgaard Property Development A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at MT Højgaard Property Development A/S
NameRoleAppointed
Carsten Elbrønd NielsenDirector01/05/2025

Board of directors

Board of directors at MT Højgaard Property Development A/S
NameRoleAppointed
Carsten Elbrønd NielsenBoard member02/04/2025
Hoang Bao Pedersen-NguyenBoard member02/04/2025
Niels Holm MikkelsenChair of the board03/03/2026
Founders
Gorrissen Federspiel Komplementar Advokatanpartsselskab
Former management (23)
Former management at MT Højgaard Property Development A/S
NameRoleAppointedResigned
Klaus SøgaardBoard member04/06/201406/06/2014
Klaus SøgaardDirector04/06/201406/06/2014
Jens Jakob Skaadstrup AndersenChair of the board04/06/201406/06/2014
Anders Ørjan JensenBoard member04/06/201406/06/2014
Egil Mølsted MadsenDirector06/06/201417/06/2019
Torben BiilmannDirector06/06/201416/08/2018
Jørgen Enegaard NicolajsenDirector16/08/201820/11/2018
Anders Heine JensenDirector20/11/201819/11/2019
Martin Stig SolbergDirector17/06/201926/11/2020
Morten HansenDirector19/11/201909/09/2021
Morten HansenBoard member26/11/202009/09/2021
Martin Stig SolbergChair of the board26/11/202009/09/2021
Rasmus UntidtBoard member26/11/202024/09/2024
Morten HansenChair of the board10/09/202112/04/2022
Erik NielsenDirector10/09/202130/09/2022
Martin Stig SolbergBoard member10/09/202104/01/2023
Morten HansenBoard member13/04/202202/04/2025
Henrik MielkeChair of the board13/04/202206/12/2023
Mads Bøgelund LauritzenDirector01/10/202201/05/2025
Steffen Martin BaungaardChair of the board06/12/202325/09/2024
Rasmus UntidtChair of the board25/09/202402/04/2025
Dennis NørgaardBoard member25/09/202402/04/2025
Carsten LundChair of the board02/04/202503/03/2026

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

2 active production units

Knud Højgaards Vej 7
2860 Søborg

Gladsaxe Municipality · Postcode 2860

Other companies at the address (6)

Production units
Production unitAddressEmployeesP number
MT Højgaard Property Development A/SMosevej 3B, 8240 Risskov21027276977
MT Højgaard Property Development A/SKnud Højgaards Vej 7, 2860 Søborg11019440776

Purpose

Selskabets formål er at drive virksomhed med projektudvikling, herunder gennemførelse af byggeprojekter og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

72 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Niels Holm Mikkelsen appointed chair of the board
  • Carsten Lund stepped down as chair of the board
202511 changesmanagement 8 · ownership 2 · accounts 1
  • Carsten Elbrønd Nielsen appointed director
  • Mads Bøgelund Lauritzen stepped down as director
  • Hoang Bao Pedersen-Nguyen appointed board member
  • Carsten Elbrønd Nielsen appointed board member
  • Carsten Lund appointed chair of the board
  • Rasmus Untidt stepped down as chair of the board
  • Dennis Nørgaard stepped down as board member
  • Morten Hansen stepped down as board member
  • MT Højgaard Danmark A/S registered as owner (100%)
  • MT Højgaard Holding A/S is no longer registered as owner
  • Annual report for 2024 published
20245 changesmanagement 4 · accounts 1
  • Rasmus Untidt appointed chair of the board
  • Dennis Nørgaard appointed board member
  • Steffen Martin Baungaard stepped down as chair of the board
  • Rasmus Untidt stepped down as board member
  • Annual report for 2023 published
20234 changesmanagement 3 · accounts 1
  • Steffen Martin Baungaard appointed chair of the board
  • Henrik Mielke stepped down as chair of the board
  • Annual report for 2022 published
  • Martin Stig Solberg stepped down as board member
20228 changesname 1 · management 5 · accounts 1 · address 1
  • Name changed from MT Højgaard Projektudvikling A/S to MT Højgaard Property Development A/S
  • Mads Bøgelund Lauritzen appointed director
  • Erik Nielsen stepped down as director
  • Annual report for 2021 published
  • Henrik Mielke appointed chair of the board
  • Morten Hansen appointed board member
  • Morten Hansen stepped down as chair of the board
  • Moved to Knud Højgaards Vej 7, 2860 Søborg
20218 changesmanagement 6 · accounts 1 · capital 1
  • Morten Hansen appointed chair of the board
  • Erik Nielsen appointed director
  • Martin Stig Solberg appointed board member
  • Morten Hansen stepped down as board member
  • Martin Stig Solberg stepped down as chair of the board
  • Morten Hansen stepped down as director
  • Annual report for 2020 published
  • Share capital changed from 400,000 DKK to 1,000,000 DKK
20208 changesownership 2 · name 1 · capital 1 · management 4
  • MT Højgaard Holding A/S registered as owner (100%)
  • MT Højgaard Danmark A/S is no longer registered as owner
  • Name changed from BIRKEKÆR/TEGLVÆNGET, ROSKILDE ApS to MT Højgaard Projektudvikling A/S
  • Share capital changed from 55,000 DKK to 400,000 DKK
  • Morten Hansen appointed board member
  • Martin Stig Solberg appointed chair of the board
  • Rasmus Untidt appointed board member
  • Martin Stig Solberg stepped down as director
20194 changesmanagement 4
  • Morten Hansen appointed director
  • Anders Heine Jensen stepped down as director
  • Martin Stig Solberg appointed director
  • Egil Mølsted Madsen stepped down as director
20184 changesmanagement 4
  • Anders Heine Jensen appointed director
  • Jørgen Enegaard Nicolajsen stepped down as director
  • Jørgen Enegaard Nicolajsen appointed director
  • Torben Biilmann stepped down as director
20161 changeaddress 1
  • Moved to Knud Højgaards Vej 7, 2860 Søborg
201416 changescapital 1 · ownership 1 · industry 1 · address 1 · name 1 · management 10 · founded 1
  • Share capital changed from 50,000 DKK to 55,000 DKK
  • MT Højgaard Danmark A/S registered as owner (100%)
  • Industry changed to Gennemførelse af byggeprojekter (411000)
  • Moved to Knud Højgaards Vej 9, 2860 Søborg
  • Name changed from GFJUS 8723 ApS to BIRKEKÆR/TEGLVÆNGET, ROSKILDE ApS
  • Torben Biilmann appointed director
  • Egil Mølsted Madsen appointed director
  • Klaus Søgaard stepped down as board member
  • Klaus Søgaard stepped down as director
  • Anders Ørjan Jensen stepped down as board member
  • Jens Jakob Skaadstrup Andersen stepped down as chair of the board
  • Registered as GFJUS 8723 ApS
  • Klaus Søgaard appointed board member
  • Klaus Søgaard appointed director
  • Anders Ørjan Jensen appointed board member
  • Jens Jakob Skaadstrup Andersen appointed chair of the board

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.

View in CVRReport a correction