Norcover ApS
Private limited companyCVR 44243881TjeleActive
Norcover ApS is a private limited company, based in Tjele, active in development of building projects, founded in 2023. After a loss in 2024, the company made a profit of DKK 1.1m in 2025. 7 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Net profit went from a loss of DKK 1.1m to a profit of DKK 1.1m (2024 → 2025).
- Equity turned positive again: DKK 47,856 (2024 → 2025).
Employees
- 1 more employees than a year earlier: 3 (07/2026) against 2 (07/2025).
Management and owners, last 24 months
- New owners registered: Elin Borngräber (23/12/2025) and Borngräber Holding ApS (23/12/2025).
- No longer registered as owner: Elin Borngräber (22/12/2025).
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 2024–2025 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | Change | |
|---|---|---|---|
| Revenue | not stated | not stated | – |
| Gross profit | −330 | 1,531 | +564.5% |
| Operating profit (EBIT) | −1,112 | 1,147 | +203.2% |
| Profit before tax | −1,120 | 1,136 | +201.4% |
| Net profit | −1,120 | 1,128 | +200.7% |
| Total assets | 104 | 1,468 | +1,316% |
| Equity | −1,080 | 48 | +104.4% |
| Liabilities | 1,184 | 1,413 | +19.3% |
| Cash and cash equivalents | 0 | 0 | +2,491.7% |
| Average number of employees | 2 | 2 | 0% |
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 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 figuresLow equity ratio
Equity makes up 3% of total assets in 2025.
How is this calculated?
Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.
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
2 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 11/02/2026 | The company | PDF not statedXBRL |
| 2024 | 17/08/2023 – 31/12/2024 | 24/06/2025 | 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
295 companies in the databaseComparison with the other companies in development of building projects based on the latest financial year.
Industry median: gross profit DKK 1.7m, net profit DKK 109k, equity DKK 839k, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 36,494of 69,742 Better than 48% | No. 57,530of 69,964 Better than 18% |
| Same industry and fewer than 20 employees275 companies in the comparison | No. 134of 275 Better than 51% | No. 221of 275 Better than 20% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 7,014of 16,614 Better than 58% | No. 11,513of 16,661 Better than 31% |
| All companies of type ApS66,508 companies in the comparison | No. 35,248of 66,379 Better than 47% | No. 53,788of 66,505 Better than 19% |
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- Norcover ApSDKK 1.5m
- KT Erhvervsbyg A/SDKK 124.8m
- AG Construction A/SDKK 119.8m
- Norcover ApSDKK 1.1m
- KT Erhvervsbyg A/SDKK 39.3m
- AG Construction A/SDKK 34.3m
- Norcover ApSDKK 47,856
- KT Erhvervsbyg A/SDKK 167.3m
- AG Construction A/SDKK 258.5m
- Norcover ApS3
- KT Erhvervsbyg A/S111
- 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- Elin Borngräber10% · 100% votes
- Borngräber Holding ApS90% · 0% votes
Management
2 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Elin Borngräber | Director | 17/08/2023 |
| Birger Borngräber | Director | 14/06/2024 |
- Founders
- Elin Borngräber
Signing rule: Selskabet tegnes af en direktør.
Address and production units
1 active production unitsNiels Pedersens Alle 2
8830 Tjele
Viborg Municipality · Postcode 8830
Other companies at the address (7)
- Fbcd A/SBusiness and other management consultancy activities
- Exyte Denmark ApSEngineering consultancy in construction and civil engineering
- Simherd A/SOther software publishing
- Dissolva ApSMaterials recovery
- Alt i Regnskab & Rådgivning ApSAccounting, bookkeeping and auditing; tax consultancy
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Norcover ApS | Niels Pedersens Alle 2, Foulum, 8830 Tjele | 3 | 1029561180 |
Purpose
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
The purpose is quoted from the register in Danish.
Changes year by year
10 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20254 changesownership 3 · accounts 1
- OwnershipElin Borngräber registered as owner (10%)
- OwnershipBorngräber Holding ApS registered as owner (90%)
- OwnershipElin Borngräber is no longer registered as owner
- AccountsAnnual report for 2024 published
20241 changemanagement 1
- ManagementBirger Borngräber appointed director
20234 changesaddress 1 · founded 1 · management 1 · ownership 1
- AddressMoved to Niels Pedersens Alle 2, Foulum, 8830 Tjele
- FoundedRegistered as Norcover ApS
- ManagementElin Borngräber appointed director
- OwnershipElin Borngräber registered as owner (100%)
Related companies
Same people in management
- Støtteteamet Passagen ApSvia Birger Borngräber
Largest in the industry
- KT Erhvervsbyg A/SDKK 124.8m
- AG Construction A/SDKK 119.8m
- De Forenede Ejendomsselskaber A/SDKK 85.3m
- Holberg Fenger Invest ApSDKK 51.4m
- Kjær Knudsen A/SDKK 41.2m
- Merkuras A/SDKK 36.8m
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 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.