Nordic Power Trading Fund A/S

Public limited companyCVR 36539496KoldingActive

Nordic Power Trading Fund A/S is a public limited company, based in Kolding, active in investment on own account, founded in 2015. The company went from a profit in 2024 to a loss of DKK 63m in 2025. With 7 employees, the company is about 7 times larger than the industry median. Equity fell to DKK 117.9m in 2025.

PDF report Compare

Key figures · financial year 2025

RevenueDKK 0

Net profit−DKK 63m−328.1% vs. 2024

EquityDKK 117.9m−50.4% vs. 2024

Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit fell 145% (2024 → 2025), to −DKK 15.1m.
Net profit went from a profit of DKK 27.6m to a loss of DKK 63m (2024 → 2025).
Equity fell 50% (2024 → 2025), to DKK 117.9m.

Employees

1 more employees than a year earlier: 7 (07/2026) against 6 (07/2025).

Management and owners, last 24 months

New in management: Kim Esben Stenild Høibye (chair of the board, 20/01/2026), Sten Buus (board member, 20/01/2026) and Bjarne Walbech (board member, 20/01/2026).
Stepped down: John Svane Hansen (chair of the board, 20/01/2026), Bjarne Walbech (board member, 19/01/2026) and Niels Grovn (board member, 20/01/2026).
No longer registered as owner: Sef A/S (01/12/2025).

Registrations, last 24 months

01/01/2025: Industry changed to Investment on own account (649910)

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

EquityNet profit

Financial figures for Nordic Power Trading Fund A/S
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	0	–
Gross profit	−20,751	19,331	51,409	−2,562	33,829	−15,092	−144.6%
Operating profit (EBIT)	−24,498	14,214	44,474	−12,713	21,757	−65,487	−401%
Profit before tax	−25,682	12,933	43,533	−5,658	27,626	−63,026	−328.1%
Net profit	−25,682	12,933	43,533	−5,658	27,626	−63,026	−328.1%
Total assets	112,409	130,468	211,184	263,847	255,817	130,652	−48.9%
Equity	110,882	128,136	201,564	257,637	237,897	117,930	−50.4%
Liabilities	1,527	2,332	9,621	6,210	17,920	12,722	−29%
Cash and cash equivalents	107,461	127,498	204,629	217,744	255,480	130,143	−49.1%
Average number of employees	3	4	5	5	5	6	+20%

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: 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

Compare with the industry (655 companies)

Gross profitMedian, the industry (655 companies)

Signals from the financial statements

calculated from the 2025 figures

Equity fell sharply
Equity fell 50% from 2024 to 2025 (DKK 237.9m to DKK 117.9m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive 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 Nordic Power Trading Fund A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	11/03/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	14/03/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	07/03/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	09/03/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	04/03/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	03/03/2021	The company	PDF XBRL

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

Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profit−DKK 15.1mNo. 619 of 623

Better than 1% of the companies in the industry

EquityDKK 117.9mNo. 142 of 655

Better than 78% of the companies in the industry

Number of employees7No. 63 of 655

Better than 91% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

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
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 69,687of 69,742 Better than 0%	No. 1,583of 69,964 Better than 98%
Same industry and fewer than 20 employees636 companies in the comparison	No. 602of 606 Better than 1%	No. 136of 636 Better than 79%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 33,538of 33,588 Better than 0%	No. 608of 33,687 Better than 98%
All companies of type A/S18,025 companies in the comparison	No. 17,723of 17,786 Better than 0%	No. 2,037of 18,024 Better than 89%

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

Investment on own account

Gross profit

Nordic Power Trading Fund A/S−DKK 15.1m
Obton A/SDKK 876.4m
MS2 Holding ApSDKK 841.3m

Net profit

Nordic Power Trading Fund A/S−DKK 63m
Obton A/SDKK 463.9m
MS2 Holding ApSDKK 136.9m

Equity

Nordic Power Trading Fund A/SDKK 117.9m
Obton A/S−DKK 219.2m
MS2 Holding ApSDKK 1.2bn

Employees

Nordic Power Trading Fund A/S7
Obton A/S11
MS2 Holding ApS7

Latest financial year per company. Choose up to three companies from the largest in the industry.

Management

4 active registrations

Executive management

Executive management at Nordic Power Trading Fund A/S
Name	Role	Appointed
Bjarne Walbech	CEO	30/01/2015

Board of directors

Board of directors at Nordic Power Trading Fund A/S
Name	Role	Appointed
Kim Esben Stenild Høibye	Chair of the board	20/01/2026
Sten Buus	Board member	20/01/2026
Bjarne Walbech	Board member	20/01/2026

Auditor: RSM Danmark Statsautoriseret Revisionspartnerselskab
Founders: Nordic Power Trading ApS

Former management (5)

Former management at Nordic Power Trading Fund A/S
Name	Role	Appointed	Resigned
John Svane Hansen	Chair of the board	30/01/2015	20/01/2026
Bjarne Walbech	Board member	30/01/2015	19/01/2026
Olav Morten Hegna	Board member	30/01/2015	06/03/2017
Kim Esben Stenild Høibye	Board member	06/03/2017	06/03/2018
Niels Grovn	Board member	06/03/2018	20/01/2026

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med et andet bestyrelsesmedlem eller af et andet bestyrelsesmedlem i forening med den administrerende direktør.

Address and production units

1 active production units

Birkemose Allé 33
6000 Kolding

Kolding Municipality · Postcode 6000

Production units
Production unit	Address	Industry	Employees	P number
NORDIC POWER TRADING FUND A/S	Birkemose Allé 33, st, Nr Bjert, 6000 Kolding	Investment on own account	6	1020147306

Purpose

Selskabets formål er, i overensstemmelse med selskabets investerings- og risikopolitik, at skabe et afkast ved at investere selskabets midler i finansielle instrumenter som omfattet af bilag 5 til lov om finansiel virksomhed med henblik på at opnå eksponering på de europæiske energimarkeder - herunder, men ikke begrænset til, markederne for el, gas, olie, CO2 og kul - og indløse aktionærernes aktier efter vedtægternes bestemmelser herom.

The purpose is quoted from the register in Danish.

Changes year by year

127 registered events

182015

182016

182017

102018

92019

82020

102021

132022

122023

12024

32025

72026

20267 changesaccounts 1 · management 6

11/03AccountsAnnual report for 2025 published
20/01ManagementKim Esben Stenild Høibye appointed chair of the board
20/01ManagementBjarne Walbech appointed board member
20/01ManagementSten Buus appointed board member
20/01ManagementNiels Grovn stepped down as board member
20/01ManagementJohn Svane Hansen stepped down as chair of the board
19/01ManagementBjarne Walbech stepped down as board member

20253 changesownership 1 · accounts 1 · industry 1

01/12OwnershipSEF A/S is no longer registered as owner
14/03AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Investment on own account (649910)

20241 changeaccounts 1

07/03AccountsAnnual report for 2023 published

202312 changescapital 11 · accounts 1

07/12CapitalShare capital changed from 53,978,374 DKK to 54,095,220 DKK
06/11CapitalShare capital changed from 53,920,329 DKK to 53,978,374 DKK
06/10CapitalShare capital changed from 53,386,348 DKK to 53,920,329 DKK
05/09CapitalShare capital changed from 53,286,876 DKK to 53,386,348 DKK
04/07CapitalShare capital changed from 52,676,669 DKK to 53,286,876 DKK
02/06CapitalShare capital changed from 51,247,394 DKK to 52,676,669 DKK
15/05CapitalShare capital changed from 49,960,786 DKK to 51,247,394 DKK
11/04CapitalShare capital changed from 49,089,242 DKK to 49,960,786 DKK
09/03AccountsAnnual report for 2022 published
03/03CapitalShare capital changed from 47,930,351 DKK to 49,089,242 DKK
03/02CapitalShare capital changed from 46,000,283 DKK to 47,930,351 DKK
09/01CapitalShare capital changed from 45,429,685 DKK to 46,000,283 DKK

202213 changescapital 12 · accounts 1

08/12CapitalShare capital changed from 45,406,376 DKK to 45,429,685 DKK
04/11CapitalShare capital changed from 44,948,103 DKK to 45,406,376 DKK
05/10CapitalShare capital changed from 44,147,205 DKK to 44,948,103 DKK
05/09CapitalShare capital changed from 43,059,805 DKK to 44,147,205 DKK
03/08CapitalShare capital changed from 42,663,734 DKK to 43,059,805 DKK
05/07CapitalShare capital changed from 42,570,191 DKK to 42,663,734 DKK
07/06CapitalShare capital changed from 42,094,600 DKK to 42,570,191 DKK
05/05CapitalShare capital changed from 40,809,307 DKK to 42,094,600 DKK
05/04CapitalShare capital changed from 40,331,909 DKK to 40,809,307 DKK
04/03AccountsAnnual report for 2021 published
02/03CapitalShare capital changed from 39,383,815 DKK to 40,331,909 DKK
03/02CapitalShare capital changed from 39,127,858 DKK to 39,383,815 DKK
12/01CapitalShare capital changed from 38,866,256 DKK to 39,127,858 DKK

202110 changescapital 9 · accounts 1

03/12CapitalShare capital changed from 38,682,713 DKK to 38,866,256 DKK
04/11CapitalShare capital changed from 38,089,484 DKK to 38,682,713 DKK
07/10CapitalShare capital changed from 36,844,991 DKK to 38,089,484 DKK
10/09CapitalShare capital changed from 36,592,381 DKK to 36,844,991 DKK
06/08CapitalShare capital changed from 36,282,744 DKK to 36,592,381 DKK
06/07CapitalShare capital changed from 35,511,449 DKK to 36,282,744 DKK
04/06CapitalShare capital changed from 35,309,064 DKK to 35,511,449 DKK
03/03CapitalShare capital changed from 34,809,343 DKK to 35,309,064 DKK
03/03AccountsAnnual report for 2020 published
03/02CapitalShare capital changed from 34,655,475 DKK to 34,809,343 DKK

20208 changescapital 7 · address 1

04/12CapitalShare capital changed from 34,429,524 DKK to 34,655,475 DKK
04/11CapitalShare capital changed from 34,078,087 DKK to 34,429,524 DKK
03/07CapitalShare capital changed from 32,992,636 DKK to 34,078,087 DKK
22/06CapitalShare capital changed from 31,984,863 DKK to 32,992,636 DKK
18/06AddressMoved to Birkemose Allé 33, st, Nr Bjert, 6000 Kolding
27/03CapitalShare capital changed from 31,135,069 DKK to 31,984,863 DKK
04/02CapitalShare capital changed from 30,867,554 DKK to 31,135,069 DKK
10/01CapitalShare capital changed from 30,692,770 DKK to 30,867,554 DKK

20199 changescapital 6 · ownership 3

07/11CapitalShare capital changed from 30,492,422 DKK to 30,692,770 DKK
07/10CapitalShare capital changed from 29,676,498 DKK to 30,492,422 DKK
11/09CapitalShare capital changed from 29,427,775 DKK to 29,676,498 DKK
09/08CapitalShare capital changed from 29,359,925 DKK to 29,427,775 DKK
01/03OwnershipBjarne Walbech registered as owner (0%)
01/03OwnershipBJARNE WALBECH HOLDING ApS is no longer registered as owner
05/02CapitalShare capital changed from 28,923,613 DKK to 29,359,925 DKK
01/01CapitalShare capital changed from 28,621,435 DKK to 28,923,613 DKK
01/01OwnershipSEF A/S registered as owner (5%)

201810 changescapital 6 · address 2 · management 2

01/12CapitalShare capital changed from 28,076,926 DKK to 28,621,435 DKK
20/10AddressMoved to Kolding Åpark 8A, 8, 6000 Kolding
12/10CapitalShare capital changed from 27,425,492 DKK to 28,076,926 DKK
17/08CapitalShare capital changed from 27,394,677 DKK to 27,425,492 DKK
03/08CapitalShare capital changed from 27,354,229 DKK to 27,394,677 DKK
09/07CapitalShare capital changed from 27,105,372 DKK to 27,354,229 DKK
02/07AddressMoved to Kolding Åpark 8A, 8, 6000 Kolding
06/03ManagementNiels Grovn appointed board member
06/03ManagementKim Esben Stenild Høibye stepped down as board member
09/01CapitalShare capital changed from 25,965,133 DKK to 27,105,372 DKK

201718 changescapital 10 · address 1 · ownership 5 · management 2

12/12CapitalShare capital changed from 25,170,297 DKK to 25,965,133 DKK
10/11AddressMoved to Fjordvej 90, Strandhuse, 6000 Kolding
06/11CapitalShare capital changed from 24,105,550 DKK to 25,170,297 DKK
09/10CapitalShare capital changed from 24,003,627 DKK to 24,105,550 DKK
13/09CapitalShare capital changed from 21,416,735 DKK to 24,003,627 DKK
13/09OwnershipKODBØLGAARD HOLDING ApS is no longer registered as owner
13/09OwnershipTJØRNELUND HOLDING ApS is no longer registered as owner
03/07CapitalShare capital changed from 20,257,956 DKK to 21,416,735 DKK
12/04CapitalShare capital changed from 17,109,545 DKK to 20,257,956 DKK
01/04OwnershipKODBØLGAARD HOLDING ApS registered as owner (5%)
01/04OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST is no longer registered as owner
06/03CapitalShare capital changed from 16,644,651 DKK to 17,109,545 DKK
06/03ManagementKim Esben Stenild Høibye appointed board member
06/03ManagementOlav Morten Hegna stepped down as board member
01/02CapitalShare capital changed from 16,187,474 DKK to 16,644,651 DKK
01/02OwnershipKODBØLGAARD HOLDING ApS is no longer registered as owner
23/01CapitalShare capital changed from 15,987,514 DKK to 16,187,474 DKK
06/01CapitalShare capital changed from 15,368,588 DKK to 15,987,514 DKK

201618 changescapital 8 · ownership 10

01/12CapitalShare capital changed from 15,175,090 DKK to 15,368,588 DKK
12/10CapitalShare capital changed from 15,046,547 DKK to 15,175,090 DKK
01/10CapitalShare capital changed from 12,330,002 DKK to 15,046,547 DKK
01/10OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST registered as owner (5%)
02/09CapitalShare capital changed from 10,900,932 DKK to 12,330,002 DKK
02/09OwnershipTJØRNELUND HOLDING ApS registered as owner (5%)
01/09OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST is no longer registered as owner
01/09OwnershipTJØRNELUND HOLDING ApS is no longer registered as owner
01/09OwnershipCHRISPA ApS is no longer registered as owner
01/07CapitalShare capital changed from 10,732,537 DKK to 10,900,932 DKK
03/06CapitalShare capital changed from 10,338,905 DKK to 10,732,537 DKK
03/06OwnershipKODBØLGAARD HOLDING ApS registered as owner (5%)
01/03OwnershipBJARNE WALBECH HOLDING ApS registered as owner (0%)
29/02OwnershipNORDIC POWER TRADING ApS is no longer registered as owner
04/02CapitalShare capital changed from 10,090,313 DKK to 10,338,905 DKK
01/02OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST registered as owner (5%)
31/01OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST is no longer registered as owner
07/01CapitalShare capital changed from 9,430,540 DKK to 10,090,313 DKK

201518 changescapital 4 · ownership 8 · industry 1 · founded 1 · management 4

07/12CapitalShare capital changed from 8,606,837 DKK to 9,430,540 DKK
07/12OwnershipTJØRNELUND HOLDING ApS registered as owner (10%)
06/12OwnershipTJØRNELUND HOLDING ApS is no longer registered as owner
01/11CapitalShare capital changed from 7,485,446 DKK to 8,606,837 DKK
01/11OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST registered as owner (10%)
31/10OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST is no longer registered as owner
07/09CapitalShare capital changed from 7,290,297 DKK to 7,485,446 DKK
01/06CapitalShare capital changed from 7,039,533 DKK to 7,290,297 DKK
01/06OwnershipTJØRNELUND HOLDING ApS registered as owner (5%)
12/02IndustryIndustry changed to Investeringsselskaber (643030)
30/01FoundedRegistered as NORDIC POWER TRADING FUND A/S
30/01ManagementJohn Svane Hansen appointed chair of the board
30/01ManagementBjarne Walbech appointed ceo
30/01ManagementOlav Morten Hegna appointed board member
30/01ManagementBjarne Walbech appointed board member
30/01OwnershipApS GRAM FÆRDIG-BETON, HOLGER KUDSK INVEST registered as owner (5%)
30/01OwnershipNORDIC POWER TRADING ApS registered as owner (0%)
30/01OwnershipCHRISPA ApS registered as owner (5%)

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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 CVR Report a correction