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Nordelektro A/S

Public limited companyCVR 70883317AalborgActive

Nordelektro A/S is a public limited company, based in Aalborg, active in electrical installation, founded in 1983. The company went from a profit in 2024 to a loss of DKK 3.2m in 2025. With 58 employees, the company is about 10 times larger than the industry median. Equity fell to DKK 309k in 2025.

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Key figures · financial year 2025

Gross profitDKK 35.7m+6.2% vs. 2024
Net profit−DKK 3.2m−350.8% vs. 2024
EquityDKK 309k−91.2% vs. 2024
Employees58latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 6% (2024 → 2025), to DKK 35.7m.
  • Net profit went from a profit of DKK 1.3m to a loss of DKK 3.2m (2024 → 2025).
  • Equity fell 91% (2024 → 2025), to DKK 309k.

Employees

  • 1 fewer employees than a year earlier: 58 (07/2026) against 59 (07/2025).

Management and owners, last 24 months

  • New in management: Michael Saxtoft (ceo, 25/09/2025), Lise Saxtoft (board member, 25/11/2025) and Anders Dalbøl Mogensen (chair of the board, 15/12/2025) (+2).
  • Stepped down: René Aakjær Jacobsen (board member, 24/11/2025), Jan Skærup Nielsen (board member, 24/11/2025) and Anders Saxtoft (board member, 24/11/2025) (+2).
  • New owners registered: M. Saxtoft Holding ApS (01/11/2025).
  • No longer registered as owner: A. Saxtoft ApS (01/11/2025) and M. Saxtoft Holding ApS (31/10/2025).

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Nordelektro A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit22,80820,55920,87825,33333,59735,664+6.2%
Operating profit (EBIT)477−1,130−3,2084702,058−3,592−274.5%
Profit before tax450−1,151−3,3561131,683−4,064−341.5%
Net profit339−899−2,625261,274−3,196−350.8%
Total assets17,91015,85116,75315,79318,47020,363+10.2%
Equity5,5264,6272,0022,2313,505309−91.2%
Liabilities11,99510,94414,75113,56314,96520,054+34%
Cash and cash equivalents333232245+107.5%
Average number of employees464342425159+15.7%

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 25mDKK 30mDKK 35m202020212022202320242025
Gross profitMedian, the industry (1,291 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 91% from 2024 to 2025 (DKK 3.5m to DKK 309k).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 2% 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

6 financial years
Annual reports for Nordelektro A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202504/05/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202408/01/2025The companyPDFXBRL
202301/10/2022 – 30/09/202329/01/2024The companyPDFXBRL
202201/10/2021 – 30/09/202230/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202123/12/2021The companyPDFXBRL
202001/10/2019 – 30/09/202022/02/2021The 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
01020304050607008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,291 companies in the database

Comparison with the other companies in electrical installation based on the latest financial year.

Gross profitDKK 35.7mNo. 85 of 1,290
Better than 93% of the companies in the industry
EquityDKK 309kNo. 1052 of 1,291
Better than 19% of the companies in the industry
Number of employees58No. 75 of 1,291
Better than 94% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 321k, equity DKK 1.4m, 6 employees.

DKK 100kDKK 1.2mDKK 14.6mDKK 176mDKK 926.4mHere
Distribution of gross profit for 1,272 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 50–199 employees4,467 companies in the comparison
No. 2,481of 4,412
Better than 44%
No. 4,133of 4,466
Better than 7%
Same industry and 50–199 employees90 companies in the comparison
No. 63of 89
Better than 30%
No. 90of 90
Better than 0%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,898of 10,152
Better than 81%
No. 9,623of 10,275
Better than 6%
All companies of type A/S18,025 companies in the comparison
No. 3,861of 17,786
Better than 78%
No. 16,916of 18,024
Better than 6%

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

Electrical installation
Gross profit
  1. Nordelektro A/SDKK 35.7m
  2. Bravida Danmark A/SDKK 2.1bn
  3. Kemp & Lauritzen A/SDKK 2bn
Net profit
  1. Nordelektro A/S−DKK 3.2m
  2. Bravida Danmark A/SDKK 160.3m
  3. Kemp & Lauritzen A/SDKK 2.6m
Equity
  1. Nordelektro A/SDKK 309k
  2. Bravida Danmark A/SDKK 629m
  3. Kemp & Lauritzen A/SDKK 588.4m
Employees
  1. Nordelektro A/S58
  2. Bravida Danmark A/S3,163
  3. Kemp & Lauritzen A/S2,868

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
  • M. Saxtoft Holding ApS100%
Nordelektro A/S

Management

5 active registrations

Executive management

Executive management at Nordelektro A/S
NameRoleAppointed
Michael SaxtoftCEO25/09/2025

Board of directors

Board of directors at Nordelektro A/S
NameRoleAppointed
Michael SaxtoftBoard member18/02/2021
Lise SaxtoftBoard member25/11/2025
Anders Dalbøl MogensenChair of the board15/12/2025
Allan Reiche AndersenBoard member15/12/2025
Former management (21)
Former management at Nordelektro A/S
NameRoleAppointedResigned
Niels SaxtoftBoard member16/05/198314/10/2020
Frank ViborgChair of the board16/05/198304/09/1991
Bjarne Søgaard HeilesenChair of the board16/05/198302/12/1987
Jørn HenselBoard member16/05/198304/09/1991
Jørn HenselDirector16/05/198304/09/1991
Per Ole MadsenBoard member16/05/198304/09/1991
Bent SerupBoard member16/05/198313/03/1995
John Gregers NielsenBoard member16/05/198323/02/2010
Knud Skovgaard MortensenBoard member13/03/199509/01/2013
Johnny Braarup HansenCEO29/01/200231/01/2005
John LindCEO01/02/200522/09/2014
René Aakjær JacobsenBoard member14/09/201024/11/2025
Finn KorgaardBoard member09/01/201307/02/2019
Niels SaxtoftCEO22/09/201402/02/2015
Hans Peter AndersenCEO02/02/201531/05/2022
Jan Skærup NielsenBoard member07/06/201824/11/2025
Anders SaxtoftBoard member18/02/202124/11/2025
Thomas Boll MatthiesenCEO01/06/202223/09/2022
Michael SaxtoftCEO21/10/202231/12/2022
Jesper ChristiansenCEO01/01/202325/09/2025
Allan Reiche AndersenChair of the board25/11/202514/12/2025

Signing rule: Selskabet tegnes af direktøren eller af alle bestyrelsesmedlemmerne i forening

Address and production units

1 active production units

Østerport 3
9000 Aalborg

Aalborg Municipality · Postcode 9000

Production units
Production unitAddressEmployeesP number
NORDELEKTRO A/SØsterport 3, 9000 Aalborg591002330336

Purpose

Selskabets formål er at drive elektromekanisk virksom- hed, herunder fabrikation og reparation af og handel med elektromekaniske artikler samt drive enhver efter be- styrelsens skøn i forbindelse med sådan virksomhed stå- ende erhvervsvirksomhed

The purpose is quoted from the register in Danish.

Changes year by year

77 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202514 changesmanagement 10 · ownership 3 · accounts 1
  • Allan Reiche Andersen appointed board member
  • Anders Dalbøl Mogensen appointed chair of the board
  • Allan Reiche Andersen stepped down as chair of the board
  • Allan Reiche Andersen appointed chair of the board
  • Lise Saxtoft appointed board member
  • Anders Saxtoft stepped down as board member
  • Jan Skærup Nielsen stepped down as board member
  • René Aakjær Jacobsen stepped down as board member
  • M. Saxtoft Holding ApS registered as owner (100%)
  • A. Saxtoft ApS is no longer registered as owner
  • M. Saxtoft Holding ApS is no longer registered as owner
  • Michael Saxtoft appointed ceo
  • Jesper Christiansen stepped down as ceo
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changescapital 1 · accounts 1 · management 1
  • Share capital changed from 2,000,000 DKK to 2,002,000 DKK
  • Annual report for 2022 published
  • Jesper Christiansen appointed ceo
202213 changesmanagement 5 · ownership 8
  • Michael Saxtoft stepped down as ceo
  • Michael Saxtoft appointed ceo
  • A. Saxtoft ApS registered as owner (50%)
  • M. Saxtoft Holding ApS registered as owner (50%)
  • Limath Holding ApS is no longer registered as owner
  • A. Saxtoft ApS is no longer registered as owner
  • M. Saxtoft Holding ApS is no longer registered as owner
  • Thomas Boll Matthiesen stepped down as ceo
  • A. Saxtoft ApS registered as owner (33.33%)
  • M. Saxtoft Holding ApS registered as owner (33.33%)
  • N.S. HANDEL ApS is no longer registered as owner
  • Thomas Boll Matthiesen appointed ceo
  • Hans Peter Andersen stepped down as ceo
20216 changesaccounts 2 · ownership 2 · management 2
  • Annual report for 2021 published
  • Limath Holding ApS registered as owner (20%)
  • Limath Holding ApS is no longer registered as owner
  • Annual report for 2020 published
  • Michael Saxtoft appointed board member
  • Anders Saxtoft appointed board member
20201 changemanagement 1
  • Niels Saxtoft stepped down as board member
20191 changemanagement 1
  • Finn Korgaard stepped down as board member
20181 changemanagement 1
  • Jan Skærup Nielsen appointed board member
20162 changesownership 2
  • Limath Holding ApS registered as owner (10%)
  • N.S. HANDEL ApS registered as owner (90%)
20153 changesownership 1 · management 2
  • N.S. HANDEL ApS is no longer registered as owner
  • Hans Peter Andersen appointed ceo
  • Niels Saxtoft stepped down as ceo
20142 changesmanagement 2
  • Niels Saxtoft appointed ceo
  • John Lind stepped down as ceo
20132 changesmanagement 2
  • Finn Korgaard appointed board member
  • Knud Skovgaard Mortensen stepped down as board member
20111 changecapital 1
  • Share capital changed from 1,000,000 DKK to 2,000,000 DKK
20102 changesmanagement 2
  • René Aakjær Jacobsen appointed board member
  • John Gregers Nielsen stepped down as board member
20052 changesmanagement 2
  • John Lind appointed ceo
  • Johnny Braarup Hansen stepped down as ceo
20021 changemanagement 1
  • Johnny Braarup Hansen appointed ceo
19961 changecapital 1
  • Share capital changed from 301,000 DKK to 1,000,000 DKK
19952 changesmanagement 2
  • Knud Skovgaard Mortensen appointed board member
  • Bent Serup stepped down as board member
19931 changename 1
  • Name changed from NORDELEKTRO AALBORG AF 1983 A/S to NORDELEKTRO A/S
19914 changesmanagement 4
  • Jørn Hensel stepped down as board member
  • Frank Viborg stepped down as chair of the board
  • Per Ole Madsen stepped down as board member
  • Jørn Hensel stepped down as director
19882 changescapital 2
  • Share capital changed from 171,000 DKK to 301,000 DKK
  • Share capital changed from 300,000 DKK to 171,000 DKK
19871 changemanagement 1
  • Bjarne Søgaard Heilesen stepped down as chair of the board
19841 changeownership 1
  • N.S. HANDEL ApS registered as owner (100%)
19839 changesfounded 1 · management 8
  • Registered as NORDELEKTRO AALBORG AF 1983 A/S
  • Jørn Hensel appointed board member
  • Bjarne Søgaard Heilesen appointed chair of the board
  • Niels Saxtoft appointed board member
  • Frank Viborg appointed chair of the board
  • John Gregers Nielsen appointed board member
  • Bent Serup appointed board member
  • Per Ole Madsen appointed board member
  • Jørn Hensel appointed director

Related companies

Same industry in Aalborg

See all →

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.

View in CVRReport a correction