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Nordstern ApS

Private limited companyCVR 29205272HorsensActive

Nordstern ApS is a private limited company, based in Horsens, active in construction of buildings, founded in 2005. Net profit fell 94% from 2024 to 2025, ending at DKK 5.8m. Measured by gross profit, it ranks no. 5 of 910 companies in the industry in the database. Operations are spread over 5 production units in 5 towns.

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Key figures · financial year 2025

RevenueDKK 4.7bn+6.6% vs. 2024
Net profitDKK 5.8m−94% vs. 2024
EquityDKK 1.1bn+0.5% vs. 2024
Employees357latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 12% (2024 → 2025), to DKK 402m.
  • Revenue rose 7% (2024 → 2025), to DKK 4.7bn.
  • Net profit fell 94% (2024 → 2025), to DKK 5.8m.

Employees

  • 73 fewer employees than a year earlier: 357 (07/2026) against 430 (07/2025).

Management and owners, last 24 months

  • New in management: Morten Chrone (ceo, 10/03/2025).
  • Stepped down: Torben Modvig (ceo, 10/03/2025) and Johnny Hey (director, 30/04/2025).

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 2016–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bn2016201720182019202020212022202320242025
EquityNet profit
Financial figures for Nordstern ApS
2016201720182019202020212022202320242025Change
Revenue1,390,705not statednot statednot statednot stated3,013,1773,815,1175,194,4144,430,7394,722,383+6.6%
Gross profit133,080–––433,785497,376354,478406,749457,273401,982−12.1%
Operating profit (EBIT)53,353–––231,628262,92186,82931,83884,38925,612−69.7%
Profit before tax83,862102,50690,049158,870243,106266,59888,08553,858114,0291,555−98.6%
Net profit65,35493,68372,100129,609217,239221,17577,57140,71996,4355,806−94%
Total assets701,800833,5761,284,6371,605,9451,653,4491,769,4731,833,1682,878,7332,920,8303,187,483+9.1%
Equity163,271340,921413,021483,568600,807471,982474,383961,6971,135,3581,140,468+0.5%
Liabilities487,460492,655871,6161,122,3771,052,6421,297,4911,358,7851,917,0361,785,4722,047,015+14.6%
Cash and cash equivalents82,480201,182314,362638,588594,440614,700513,093566,984627,210820,659+30.8%
Average number of employees94––––––––––

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 2017, 2018, 2019, 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 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500m2016201720182019202020212022202320242025
Gross profitMedian, the industry (914 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

10 financial years
Annual reports for Nordstern ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202507/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202417/07/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202304/07/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202209/05/2023The companyPDF not statedXBRL
202101/01/2021 – 31/12/202123/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202028/04/2021The companyPDFXBRL
201901/01/2019 – 31/12/201920/04/2020The companyPDFXBRL
201801/01/2018 – 31/12/201806/02/2019The companyPDFXBRL
201701/01/2017 – 31/12/201712/02/2018The companyPDFXBRL
201601/01/2016 – 31/12/201617/03/2017The 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
010020030040008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

914 companies in the database

Comparison with the other companies in construction of buildings based on the latest financial year.

Gross profitDKK 402mNo. 5 of 910
Better than 100% of the companies in the industry
EquityDKK 1.1bnNo. 4 of 914
Better than 100% of the companies in the industry
Number of employees357No. 8 of 914
Better than 99% of the companies in the industry

Industry median: gross profit DKK 3.1m, net profit DKK 305k, equity DKK 1.8m, 5 employees.

DKK 100kDKK 927kDKK 8.6mDKK 79.7mDKK 351.9mHere
Distribution of gross profit for 851 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 200–499 employees796 companies in the comparison
No. 85of 763
Better than 89%
No. 63of 796
Better than 92%
Same industry and 200–499 employees16 companies in the comparison
No. 2of 16
Better than 93%
No. 2of 16
Better than 93%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 139of 24,791
Better than 99%
No. 196of 24,909
Better than 99%
All companies of type ApS66,508 companies in the comparison
No. 50of 66,379
Better than 100%
No. 87of 66,505
Better than 100%

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

Construction of buildings
Gross profit
  1. Nordstern ApSDKK 402m
  2. Per Aarsleff A/SDKK 739.2m
  3. NCC Danmark A/SDKK 720.4m
Net profit
  1. Nordstern ApSDKK 5.8m
  2. Per Aarsleff A/SDKK 279.8m
  3. NCC Danmark A/SDKK 316.9m
Equity
  1. Nordstern ApSDKK 1.1bn
  2. Per Aarsleff A/SDKK 1.5bn
  3. NCC Danmark A/SDKK 538.1m
Employees
  1. Nordstern ApS357
  2. Per Aarsleff A/S2,957
  3. NCC Danmark A/S1,748

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
Nordstern ApS

Management

5 active registrations

Executive management

Executive management at Nordstern ApS
NameRoleAppointed
Jan AarestrupDirector01/12/2019
Michael StorgaardDirector05/07/2021
Morten ChroneCEO10/03/2025

Board of directors

Board of directors at Nordstern ApS
NameRoleAppointed
Johannes VielberthChair of the board05/07/2021
David George BannermanBoard member05/07/2021
Founders
Metro Holding ApS, M+ Invest ApS
Former management (18)
Former management at Nordstern ApS
NameRoleAppointedResigned
Michael Antitsch MortensenChair of the board02/12/200503/11/2014
Per Christian HansenBoard member02/12/200530/05/2016
Peter Kjelgaard RosengreenBoard member02/12/200530/05/2016
Peter Kjelgaard RosengreenDirector02/12/200505/07/2021
Michael StorgaardBoard member04/02/201130/05/2016
Michael Antitsch MortensenBoard member04/11/201405/07/2021
Michael Antitsch MortensenCEO30/05/201611/02/2019
Peter RyttergaardBoard member30/05/201605/07/2021
Vilhelm Eigil Hahn-PetersenChair of the board30/05/201612/07/2016
Per Christian HansenDirector30/05/201615/11/2017
Per SemmlingDirector30/05/201618/12/2017
Søren UlslevBoard member13/07/201605/07/2021
Eivind Drachmann KoldingChair of the board13/07/201605/07/2021
Vilhelm Eigil Hahn-PetersenDeputy chair13/07/201605/07/2021
Kim BalleDirector15/11/201730/11/2019
Torben ModvigCEO11/02/201910/03/2025
Jesper HenkelDirector09/06/202231/10/2023
Johnny HeyDirector08/01/202430/04/2025

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

Address and production units

5 active production units

Havnen 5
8700 Horsens

Horsens Municipality · Postcode 8700

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Nordstern ApSVandtårnsvej 62A, 4. b, 2860 Søborg1701022165859
Nordstern ApSHavnen 5, 8700 Horsens1361011896622
Nordstern ApSGl. Landevej 53D, 7400 Herning501029185588
NordsternSortedam Dossering 3D, 2, 2200 København N–1031093348
Nordstern ApSVestre Ringgade 26, 2, 8000 Aarhus C–1029185618

Purpose

Selskabets formål er at opføre, udvikle, finansiere og sælge byggeri.

The purpose is quoted from the register in Danish.

Changes year by year

72 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesaccounts 1 · management 3
  • Annual report for 2024 published
  • Johnny Hey stepped down as director
  • Morten Chrone appointed ceo
  • Torben Modvig stepped down as ceo
20242 changesaccounts 1 · management 1
  • Annual report for 2023 published
  • Johnny Hey appointed director
20234 changesmanagement 1 · accounts 1 · capital 1 · merger 1
  • Jesper Henkel stepped down as director
  • Annual report for 2022 published
  • Share capital changed from 5,000,000 DKK to 5,001,000 DKK
  • Merger registered in CVR
20226 changesname 1 · management 1 · accounts 1 · ownership 2 · merger 1
  • Name changed from CASA ApS to Nordstern ApS
  • Jesper Henkel appointed director
  • Annual report for 2021 published
  • ASG Hamlet Holding ApS registered as owner (100%)
  • CC OSCAR HOLDING I ApS is no longer registered as owner
  • Merger registered in CVR
202111 changesname 1 · management 9 · accounts 1
  • Name changed from CASA A/S to CASA ApS
  • Johannes Vielberth appointed chair of the board
  • David George Bannerman appointed board member
  • Michael Storgaard appointed director
  • Søren Ulslev stepped down as board member
  • Eivind Drachmann Kolding stepped down as chair of the board
  • Vilhelm Eigil Hahn-Petersen stepped down as deputy chair
  • Peter Ryttergaard stepped down as board member
  • Michael Antitsch Mortensen stepped down as board member
  • Peter Kjelgaard Rosengreen stepped down as director
  • Annual report for 2020 published
20201 changeaccounts 1
  • Annual report for 2019 published
20195 changesmanagement 4 · accounts 1
  • Jan Aarestrup appointed director
  • Kim Balle stepped down as director
  • Torben Modvig appointed ceo
  • Michael Antitsch Mortensen stepped down as ceo
  • Annual report for 2018 published
20182 changesaddress 1 · accounts 1
  • Moved to Havnen 5, 8700 Horsens
  • Annual report for 2017 published
20178 changesmanagement 3 · ownership 2 · merger 1 · address 1 · accounts 1
  • Per Semmling stepped down as director
  • Kim Balle appointed director
  • Per Christian Hansen stepped down as director
  • CC OSCAR HOLDING I ApS registered as owner (100%)
  • Merger registered in CVR
  • CC OSCAR HOLDING II A/S is no longer registered as owner
  • Moved to Havnen 5, 8700 Horsens
  • Annual report for 2016 published
201614 changesmanagement 12 · ownership 2
  • Søren Ulslev appointed board member
  • Eivind Drachmann Kolding appointed chair of the board
  • Vilhelm Eigil Hahn-Petersen appointed deputy chair
  • Vilhelm Eigil Hahn-Petersen stepped down as chair of the board
  • Vilhelm Eigil Hahn-Petersen appointed chair of the board
  • Per Christian Hansen appointed director
  • Per Semmling appointed director
  • Peter Ryttergaard appointed board member
  • Michael Antitsch Mortensen appointed ceo
  • Michael Storgaard stepped down as board member
  • Per Christian Hansen stepped down as board member
  • Peter Kjelgaard Rosengreen stepped down as board member
  • CC OSCAR HOLDING II A/S registered as owner (100%)
  • MPP Holding I A/S is no longer registered as owner
20144 changesmanagement 2 · ownership 1 · name 1
  • Michael Antitsch Mortensen appointed board member
  • MPP Holding I A/S registered as owner (100%)
  • Michael Antitsch Mortensen stepped down as chair of the board
  • Name changed from CASA ENTREPRISE A/S to CASA A/S
20121 changeaddress 1
  • Moved to Ove Jensens Alle 35, 8700 Horsens
20111 changemanagement 1
  • Michael Storgaard appointed board member
20082 changesaddress 1 · industry 1
  • Moved to Plutovej 1, 8700 Horsens
  • Industry changed to Opførelse af bygninger (412000)
20061 changeaddress 1
  • Moved to Ternevej 61, 8700 Horsens
20055 changesfounded 1 · management 4
  • Registered as CASA ENTREPRISE A/S
  • Michael Antitsch Mortensen appointed chair of the board
  • Per Christian Hansen appointed board member
  • Peter Kjelgaard Rosengreen appointed director
  • Peter Kjelgaard Rosengreen appointed board member

Related companies

Same people in management

Largest in the industry

See all →

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 23/10/2026.

View in CVRReport a correction