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Niels Pagh Logistics A/S

Public limited companyCVR 25803264VejenActive

Niels Pagh Logistics A/S is a public limited company, based in Vejen, active in freight transport by road, founded in 2000. Net profit fell 23% from 2024 to 2025, ending at DKK 3.4m. With 33 employees, the company is about 6 times larger than the industry median. Equity grew to DKK 22.2m in 2025.

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Key figures · financial year 2025

Gross profitDKK 21m−7.3% vs. 2024
Net profitDKK 3.4m−22.9% vs. 2024
EquityDKK 22.2m+18.3% vs. 2024
Employees33latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 7% (2024 → 2025), to DKK 21m.
  • Net profit fell 23% (2024 → 2025), to DKK 3.4m.
  • Equity rose 18% (2024 → 2025), to DKK 22.2m.

Employees

  • 1 more employees than a year earlier: 33 (08/2026) against 32 (08/2025).

Management and owners, last 24 months

  • New in management: Flemming Jørgensen (director, 03/06/2026), Karsten Frost Mathiesen (deputy chair, 03/06/2026) and Mikkel Berg Kjærsgaard (chair of the board, 03/06/2026) (+1).
  • Stepped down: Michael Pagh (board member, 03/06/2026), Ib Rossen Nissen (chair of the board, 03/06/2026) and Bruno Poulsen (board member, 15/12/2025) (+1).
  • New owners registered: Blue Logistics Group A/S (30/04/2026).
  • No longer registered as owner: Contino Holding A/S (30/04/2026).

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 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20m202020212022202320242025
EquityNet profit
Financial figures for Niels Pagh Logistics A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit7,56214,40518,32522,80522,63420,982−7.3%
Operating profit (EBIT)−2,4793,5014,1366,9094,6121,619−64.9%
Profit before tax−9465,0585,1537,5525,2613,548−32.6%
Net profit−3444,3174,2506,1274,4503,433−22.9%
Total assets38,54955,94662,79264,43265,09279,137+21.6%
Equity8,24912,54512,79916,81818,79822,240+18.3%
Liabilities29,59442,57349,25546,33344,49155,834+25.5%
Cash and cash equivalents4176638343,952236148−37.1%
Average number of employees212126272728+3.7%

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

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (1,411 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 Niels Pagh Logistics A/S
Financial yearPeriodPublishedFigures forDocuments
202501/05/2024 – 30/04/202530/10/2025The companyPDF not statedXBRL
202401/05/2023 – 30/04/202430/10/2024The companyPDFXBRL
202301/05/2022 – 30/04/202324/10/2023The companyPDFXBRL
202201/05/2021 – 30/04/202212/10/2022The companyPDFXBRL
202101/05/2020 – 30/04/202130/09/2021The companyPDFXBRL
202001/05/2019 – 30/04/202029/12/2020The 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
0510152025303509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,411 companies in the database

Comparison with the other companies in freight transport by road based on the latest financial year.

Gross profitDKK 21mNo. 195 of 1,411
Better than 86% of the companies in the industry
EquityDKK 22.2mNo. 92 of 1,411
Better than 94% of the companies in the industry
Number of employees33No. 195 of 1,411
Better than 86% of the companies in the industry

Industry median: gross profit DKK 4m, net profit DKK 253k, equity DKK 1.7m, 6 employees.

DKK 100kDKK 909kDKK 8.3mDKK 75.1mDKK 327mHere
Distribution of gross profit for 1,369 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 20–49 employees9,922 companies in the comparison
No. 2,640of 9,892
Better than 73%
No. 1,583of 9,922
Better than 84%
Same industry and 20–49 employees223 companies in the comparison
No. 69of 223
Better than 69%
No. 15of 223
Better than 94%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 3,245of 24,791
Better than 87%
No. 4,146of 24,909
Better than 83%
All companies of type A/S18,025 companies in the comparison
No. 5,722of 17,786
Better than 68%
No. 5,827of 18,024
Better than 68%

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

Freight transport by road
Gross profit
  1. Niels Pagh Logistics A/SDKK 21m
  2. Danske Fragtmænd A/SDKK 682.3m
  3. Hcs A/S Transport & SpeditionDKK 598.2m
Net profit
  1. Niels Pagh Logistics A/SDKK 3.4m
  2. Danske Fragtmænd A/SDKK 87.6m
  3. Hcs A/S Transport & SpeditionDKK 189.4m
Equity
  1. Niels Pagh Logistics A/SDKK 22.2m
  2. Danske Fragtmænd A/SDKK 546.8m
  3. Hcs A/S Transport & SpeditionDKK 439.4m
Employees
  1. Niels Pagh Logistics A/S33
  2. Danske Fragtmænd A/S1,272
  3. Hcs A/S Transport & Spedition483

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
Niels Pagh Logistics A/S

Management

5 active registrations

Executive management

Executive management at Niels Pagh Logistics A/S
NameRoleAppointed
Michael PaghDirector13/08/2019
Flemming JørgensenDirector03/06/2026

Board of directors

Board of directors at Niels Pagh Logistics A/S
NameRoleAppointed
Flemming JørgensenBoard member01/11/2012
Karsten Frost MathiesenDeputy chair03/06/2026
Mikkel Berg KjærsgaardChair of the board03/06/2026
Founders
Flemming Jørgensen, Michael Pagh
Former management (8)
Former management at Niels Pagh Logistics A/S
NameRoleAppointedResigned
Michael PaghDirector14/12/200001/11/2012
Flemming JørgensenDirector14/12/200013/08/2019
Finn Boel PedersenChair of the board01/11/201201/09/2017
Michael PaghBoard member01/11/201203/06/2026
Ib Rossen NissenChair of the board01/09/201703/06/2026
Allan JepsenBoard member01/09/201720/12/2023
Bruno PoulsenBoard member20/12/202315/12/2025
Tom Otzen HøjBoard member15/12/202503/06/2026

Signing rule: Selskabet tegnes af en direktør i forening med 2 bestyrelsesmedlemmer eller af den samlede bestyrelse.

Address and production units

1 active production units

Industrivej Syd 5
6600 Vejen

Vejen Municipality · Postcode 6600

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
NIELS PAGH LOGISTICS A/SIndustrivej Syd 5, 6600 Vejen331008157231

Purpose

Selskabets formål er at drive handel, specielt indenfor spedition og transport og dermed beslægtet virksomhed efter bestyrelsens skøn.

The purpose is quoted from the register in Danish.

Changes year by year

43 registered events
20268 changesmanagement 6 · ownership 2
  • Mikkel Berg Kjærsgaard appointed chair of the board
  • Flemming Jørgensen appointed director
  • Karsten Frost Mathiesen appointed deputy chair
  • Tom Otzen Høj stepped down as board member
  • Ib Rossen Nissen stepped down as chair of the board
  • Michael Pagh stepped down as board member
  • Blue Logistics Group A/S registered as owner (50%)
  • CONTINO HOLDING A/S is no longer registered as owner
20253 changesmanagement 2 · accounts 1
  • Tom Otzen Høj appointed board member
  • Bruno Poulsen stepped down as board member
  • Annual report for 2025 published
20241 changeaccounts 1
  • Annual report for 2024 published
20233 changesmanagement 2 · accounts 1
  • Bruno Poulsen appointed board member
  • Allan Jepsen stepped down as board member
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
20201 changeaccounts 1
  • Annual report for 2020 published
20192 changesmanagement 2
  • Michael Pagh appointed director
  • Flemming Jørgensen stepped down as director
20178 changescapital 1 · management 3 · ownership 4
  • Share capital changed from 500,000 DKK to 1,020,000 DKK
  • Ib Rossen Nissen appointed chair of the board
  • Allan Jepsen appointed board member
  • Finn Boel Pedersen stepped down as chair of the board
  • CONTINO HOLDING A/S registered as owner (50%)
  • NPL Holding ApS registered as owner (33.33%)
  • MP VEJEN HOLDING ApS is no longer registered as owner
  • FJ VEJEN HOLDING ApS is no longer registered as owner
20134 changesname 1 · capital 1 · ownership 2
  • Name changed from NIELS PAGH LOGISTICS ApS to NIELS PAGH LOGISTICS A/S
  • Share capital changed from 200,000 DKK to 500,000 DKK
  • MP VEJEN HOLDING ApS registered as owner (20%)
  • FJ VEJEN HOLDING ApS registered as owner (20%)
20124 changesmanagement 4
  • Flemming Jørgensen appointed board member
  • Michael Pagh appointed board member
  • Finn Boel Pedersen appointed chair of the board
  • Michael Pagh stepped down as director
20111 changeindustry 1
  • Industry changed to Freight transport by road (494100)
20081 changeindustry 1
  • Industry changed to Speditører (522920)
20031 changeaddress 1
  • Moved to Industrivej Syd 5, 6600 Vejen
20011 changeindustry 1
  • Industry changed to Speditørvirksomhed (634020)
20003 changesfounded 1 · management 2
  • Registered as NIELS PAGH LOGISTICS ApS
  • Michael Pagh appointed director
  • Flemming Jørgensen appointed director

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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