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Norlys Energi A/S

Public limited companyCVR 25118359AalborgActive

Norlys Energi A/S is a public limited company, based in Aalborg, active in other trade in electricity, founded in 1999. Measured by gross profit, it ranks no. 2 of 74 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 152.2m. Operations are spread over 15 production units in 13 towns.

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Key figures · financial year 2025

RevenueDKK 5.9bn+0.9% vs. 2024
Net profit−DKK 152.2m−108.5% vs. 2024
EquityDKK 524.9m−26.3% vs. 2024
Employees168latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 5% (2024 → 2025), to DKK 292.3m.
  • The loss grew: from DKK 73m to DKK 152.2m (2024 → 2025).
  • Equity fell 26% (2024 → 2025), to DKK 524.9m.

Employees

  • 165 fewer employees than a year earlier: 168 (07/2026) against 333 (07/2025).

Management and owners, last 24 months

  • New in management: Anne Mette Aaby Aaes (board member, 15/11/2024), Henrik Bielefeldt (board member, 18/08/2025) and Christian Lagoni (board member, 18/08/2025) (+9).
  • Stepped down: Mads Brøgger (director, 14/08/2026), Anders Eldrup (board member, 18/08/2025) and Thomas Ejlskov Hust (deputy chair, 01/01/2025) (+4).
  • New owners registered: Kundeselskabet Norlys A/S (31/03/2025).
  • No longer registered as owner: Norlys Group A/S (31/03/2025).

Registrations, last 24 months

  • 01/07/2025: Moved to Gasværksvej 25, 9000 Aalborg
  • 01/01/2025: Industry changed to Other trade in electricity (351590)

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 200mDKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bnDKK 1.6bnDKK 1.8bn202020212022202320242025
EquityNet profit
Financial figures for Norlys Energi A/S
202020212022202320242025Change
Revenue3,881,7996,353,01812,338,3607,069,5135,826,2325,877,355+0.9%
Gross profit281,022331,389−45,747393,319308,525292,291−5.3%
Operating profit (EBIT)90,436171,626−230,720203,16926,558−6,085−122.9%
Profit before tax94,022199,292−186,382137,1768,806−100,926−1,246.1%
Net profit35,612154,944−100,26194,595−72,991−152,200−108.5%
Total assets1,830,4594,328,9694,026,6812,283,0432,279,5862,232,905−2%
Equity544,4961,723,0091,105,043715,412711,754524,914−26.3%
Liabilities1,258,1812,575,4292,860,0861,555,4781,565,9541,702,857+8.7%
Cash and cash equivalents32,500448,835278,703195,056143,196138,715−3.1%
Average number of employees257227–271289291+0.7%

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.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 100mDKK 0DKK 100mDKK 200mDKK 300mDKK 400m202020212022202320242025
Gross profitMedian, the industry (77 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Norlys Energi A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202506/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202330/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202204/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202122/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202023/04/2021The 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
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

77 companies in the database

Comparison with the other companies in other trade in electricity based on the latest financial year.

Gross profitDKK 292.3mNo. 2 of 74
Better than 99% of the companies in the industry
EquityDKK 524.9mNo. 5 of 77
Better than 95% of the companies in the industry
Number of employees168No. 6 of 77
Better than 93% of the companies in the industry

Industry median: gross profit DKK 6.2m, net profit DKK 1.2m, equity DKK 12.8m, 6 employees.

DKK 100kDKK 984kDKK 9.7mDKK 95.3mDKK 437.7mHere
Distribution of gross profit for 56 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. 98of 4,412
Better than 98%
No. 145of 4,466
Better than 97%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 204of 24,791
Better than 99%
No. 363of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 523of 17,786
Better than 97%
No. 684of 18,024
Better than 96%

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

Other trade in electricity
Gross profit
  1. Norlys Energi A/SDKK 292.3m
  2. Centrica Energy Trading A/SDKK 937.8m
  3. Andel Energi A/SDKK 252.9m
Net profit
  1. Norlys Energi A/S−DKK 152.2m
  2. Centrica Energy Trading A/SDKK 25.1m
  3. Andel Energi A/SDKK 66.5m
Equity
  1. Norlys Energi A/SDKK 524.9m
  2. Centrica Energy Trading A/SDKK 2.8bn
  3. Andel Energi A/SDKK 2.9bn
Employees
  1. Norlys Energi A/S168
  2. Centrica Energy Trading A/S398
  3. Andel Energi A/S351

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
  • Kundeselskabet Norlys A/S100%
Norlys Energi A/S

Management

13 active registrations

Executive management

Executive management at Norlys Energi A/S
NameRoleAppointed
Kathrine ForsbergCEO14/08/2026

Board of directors

Board of directors at Norlys Energi A/S
NameRoleAppointed
Anne Marie KindbergBoard member11/02/2022
Ruth PalludanBoard member09/05/2023
Claus Antonisen NielsenBoard member09/05/2023
Gert Vinther JørgensenChair of the board25/10/2024
Anne Mette Aaby AaesBoard member15/11/2024
Henrik BielefeldtBoard member18/08/2025
Christian LagoniBoard member18/08/2025
Thomas Ejlskov HustBoard member18/08/2025
Torben Raunholt SchmidtBoard member18/08/2025
Jukka Pekka PertolaBoard member28/04/2026
Kræn Østergård NielsenBoard member01/06/2026
Thomas HelboBoard member01/09/2026
Founders
Vest Energi amba, Revisionsfirmaet Bendt Stendahl
Former management (50)
Former management at Norlys Energi A/S
NameRoleAppointedResigned
Erling KristensenBoard member09/12/199930/06/2000
Olav Tranbjerg MøllerBoard member09/12/199930/06/2000
Jens Astrup MadsenBoard member09/12/199930/06/2000
Eva Graakjær LundBoard member09/12/199930/06/2000
Bakken HansenBoard member09/12/199930/06/2000
Kurt ØlandBoard member09/12/199930/06/2000
Peter Engberg SchmidtBoard member09/12/199930/06/2000
Torben Kristian OlsenBoard member09/12/199930/06/2000
Arne Schultz ThygesenBoard member09/12/199930/06/2000
Peter SørensenBoard member09/12/199930/06/2000
Niels Peder NørregaardBoard member09/12/199930/06/2000
Arvid RyttergaardChair of the board09/12/199930/06/2000
Knud Jager AndersenBoard member09/12/199930/06/2000
Morten Beck HøyerBoard member09/12/199930/06/2000
Bent BrødbækDirector09/12/199906/06/2006
Bodil GravsholtBoard member09/12/199930/06/2000
Flemming Sigurd Bay-JensenBoard member09/12/199930/06/2000
Andreas Grønbjerg PedersenBoard member09/12/199930/06/2000
Ebbe SeligmannChair of the board30/06/200006/06/2006
Ebbe SeligmannDirector30/06/200030/06/2000
Bent BrødbækBoard member30/06/200006/06/2006
Conny Stjernholm JensenBoard member06/06/200610/09/2009
Conny Stjernholm JensenDirector06/06/200606/08/2009
Jan Vorup NielsenChair of the board06/06/200630/09/2019
Lis HolstBoard member06/06/200602/06/2010
Lars AndreasenDirector06/08/200916/03/2016
Lars AndreasenBoard member10/09/200902/11/2016
Ole Kastrup BridalBoard member02/06/201023/04/2015
Thomas FuglBoard member23/04/201502/11/2016
Thomas FuglDirector16/03/201602/11/2016
Torben PoulsenBoard member02/11/201630/09/2019
Christian RuheBoard member02/11/201630/09/2019
Christian RuheDirector02/11/201630/09/2019
Joan Randi HansenBoard member30/09/201906/05/2020
Niels Ulrich DuedahlChair of the board30/09/201908/08/2022
Lisbeth Oxholm AndersenBoard member30/09/201920/04/2023
Mads BrøggerDirector30/09/201914/08/2026
Thomas Ejlskov HustBoard member30/09/201931/03/2020
Søren StrømBoard member30/09/201917/02/2022
Bo Lynge RydahlBoard member01/04/202011/02/2022
Anders EldrupBoard member01/04/202018/08/2025
Bjarne LyngøBoard member01/04/202031/05/2024
Thomas Ejlskov HustDeputy chair01/04/202001/01/2025
Claus NørgaardBoard member06/05/202009/05/2023
Knud Jager AndersenBoard member21/04/202220/04/2023
Claus Flyger PejstrupChair of the board08/08/202225/10/2024
Ulf LundBoard member25/10/202415/03/2025
Vibeke Thougård NielsenBoard member01/01/202508/07/2025
Ulf LundBoard member18/08/202531/12/2025
Esben Kolind LaustrupBoard member18/08/202530/06/2026

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

Address and production units

15 active production units

Gasværksvej 25
9000 Aalborg

Aalborg Municipality · Postcode 9000

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Norlys Energi A/SGasværksvej 25, 9000 Aalborg1011025487032
Norlys Energi A/STietgensvej 4, 8600 Silkeborg281025717283
Norlys EnergiØrestads Boulevard 45, 2300 København S131030979199
Norlys Energi A/SSlet Parkvej 5, 8310 Tranbjerg J121019870711
Norlys Energi A/SEdison Park 1, 6715 Esbjerg N11012958427
Norlys Energi A/SSaltumvej 22, 9700 Brønderslev11022763454
Norlys Energi A/SBirkemose Allé 11, 6000 Kolding11019870622
Norlys Energi A/SElholm 1, 6400 Sønderborg01019870606
Norlys Energi A/SØstjyske Motorvej 616A, 7000 Fredericia–1031743989
Norlys Energi A/SSønderjyske Motorvej 684D, 6500 Vojens–1031744063
Norlys Energi A/SSønderjyske Motorvej 681, 6500 Vojens–1031744055
Norlys Energi A/SØstjyske Motorvej 617B, 7100 Vejle–1031744012
Norlys Energi A/SVestergade 2A, 5492 Vissenbjerg–1029117043
Norlys Energi A/SØstjyske Motorvej 470, 8381 Tilst–1031744047
Norlys Energi A/SØstjyske Motorvej 469, 8381 Tilst–1031744039

Purpose

Selskabets formål er handel med energi samt al virksomhed, som efter bestyrelsens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

152 registered events
20267 changesmanagement 6 · accounts 1
  • Thomas Helbo appointed board member
  • Kathrine Forsberg appointed ceo
  • Mads Brøgger stepped down as director
  • Esben Kolind Laustrup stepped down as board member
  • Kræn Østergård Nielsen appointed board member
  • Annual report for 2025 published
  • Jukka Pekka Pertola appointed board member
202517 changesmanagement 12 · address 1 · accounts 1 · ownership 2 · industry 1
  • Ulf Lund stepped down as board member
  • Henrik Bielefeldt appointed board member
  • Ulf Lund appointed board member
  • Torben Raunholt Schmidt appointed board member
  • Thomas Ejlskov Hust appointed board member
  • Christian Lagoni appointed board member
  • Esben Kolind Laustrup appointed board member
  • Anders Eldrup stepped down as board member
  • Vibeke Thougård Nielsen stepped down as board member
  • Moved to Gasværksvej 25, 9000 Aalborg
  • Annual report for 2024 published
  • Kundeselskabet Norlys A/S registered as owner (100%)
  • Norlys Group A/S is no longer registered as owner
  • Ulf Lund stepped down as board member
  • Industry changed to Other trade in electricity (351590)
  • Vibeke Thougård Nielsen appointed board member
  • Thomas Ejlskov Hust stepped down as deputy chair
20249 changesmanagement 5 · ownership 3 · accounts 1
  • Anne Mette Aaby Aaes appointed board member
  • Gert Vinther Jørgensen appointed chair of the board
  • Ulf Lund appointed board member
  • Claus Flyger Pejstrup stepped down as chair of the board
  • Bjarne Lyngø stepped down as board member
  • Norlys Group A/S registered as owner (100%)
  • Nord Energi A.m.b.a. is no longer registered as owner
  • Norlys Group A/S is no longer registered as owner
  • Annual report for 2023 published
20237 changesmerger 1 · management 5 · accounts 1
  • Merger registered in CVR
  • Ruth Palludan appointed board member
  • Claus Antonisen Nielsen appointed board member
  • Claus Nørgaard stepped down as board member
  • Annual report for 2022 published
  • Knud Jager Andersen stepped down as board member
  • Lisbeth Oxholm Andersen stepped down as board member
20227 changesmanagement 6 · accounts 1
  • Claus Flyger Pejstrup appointed chair of the board
  • Niels Ulrich Duedahl stepped down as chair of the board
  • Annual report for 2021 published
  • Knud Jager Andersen appointed board member
  • Søren Strøm stepped down as board member
  • Anne Marie Kindberg appointed board member
  • Bo Lynge Rydahl stepped down as board member
20211 changeaccounts 1
  • Annual report for 2020 published
202018 changesownership 7 · management 7 · name 1 · address 1 · capital 1 · merger 1
  • Norlys Group A/S registered as owner (66.67%)
  • Eniig Holding A/S is no longer registered as owner
  • Norlys Group A/S is no longer registered as owner
  • Claus Nørgaard appointed board member
  • Joan Randi Hansen stepped down as board member
  • Name changed from Syd Energi Salg A/S to Norlys Energi A/S
  • Moved to Over Bækken 6, 9000 Aalborg
  • Share capital changed from 6,000,000 DKK to 13,044,000 DKK
  • Bjarne Lyngø appointed board member
  • Thomas Ejlskov Hust appointed deputy chair
  • Anders Eldrup appointed board member
  • Bo Lynge Rydahl appointed board member
  • Eniig Holding A/S registered as owner (33.33%)
  • Nord Energi A.m.b.a. registered as owner (10%)
  • Norlys Group A/S registered as owner (33.33%)
  • Merger registered in CVR
  • Thomas Ejlskov Hust stepped down as board member
  • Norlys Group A/S is no longer registered as owner
201910 changesmanagement 10
  • Joan Randi Hansen appointed board member
  • Søren Strøm appointed board member
  • Thomas Ejlskov Hust appointed board member
  • Mads Brøgger appointed director
  • Niels Ulrich Duedahl appointed chair of the board
  • Lisbeth Oxholm Andersen appointed board member
  • Christian Ruhe stepped down as board member
  • Torben Poulsen stepped down as board member
  • Christian Ruhe stepped down as director
  • Jan Vorup Nielsen stepped down as chair of the board
20182 changesownership 2
  • Norlys Group A/S registered as owner (100%)
  • Norlys Forsyning A/S is no longer registered as owner
20173 changesname 2 · merger 1
  • Name changed from SE ENERGI OG KLIMA A/S to Syd Energi Salg A/S
  • Merger registered in CVR
  • Name changed from SYD ENERGI SALG A/S to SE ENERGI OG KLIMA A/S
20168 changesmanagement 8
  • Christian Ruhe appointed board member
  • Torben Poulsen appointed board member
  • Christian Ruhe appointed director
  • Thomas Fugl stepped down as director
  • Thomas Fugl stepped down as board member
  • Lars Andreasen stepped down as board member
  • Thomas Fugl appointed director
  • Lars Andreasen stepped down as director
20152 changesmanagement 2
  • Thomas Fugl appointed board member
  • Ole Kastrup Bridal stepped down as board member
20142 changesownership 1 · merger 1
  • Norlys Forsyning A/S registered as owner (100%)
  • Merger registered in CVR
20131 changeaddress 1
  • Moved to Edison Park 1, 6715 Esbjerg N
20111 changeindustry 1
  • Industry changed to Distribution of electricity (351400)
20102 changesmanagement 2
  • Ole Kastrup Bridal appointed board member
  • Lis Holst stepped down as board member
20094 changesmanagement 4
  • Lars Andreasen appointed board member
  • Conny Stjernholm Jensen stepped down as board member
  • Lars Andreasen appointed director
  • Conny Stjernholm Jensen stepped down as director
20083 changescapital 1 · merger 1 · industry 1
  • Share capital changed from 5,000,000 DKK to 6,000,000 DKK
  • Merger registered in CVR
  • Industry changed to Production of electricity from non-renewable sources (351100)
20068 changesname 1 · management 7
  • Name changed from SYDVEST ENERGI FORSYNING A/S to SYD ENERGI SALG A/S
  • Lis Holst appointed board member
  • Jan Vorup Nielsen appointed chair of the board
  • Conny Stjernholm Jensen appointed director
  • Conny Stjernholm Jensen appointed board member
  • Ebbe Seligmann stepped down as chair of the board
  • Bent Brødbæk stepped down as board member
  • Bent Brødbæk stepped down as director
20051 changeindustry 1
  • Industry changed to Distribution af og handel med elektricitet (401300)
20031 changeindustry 1
  • Industry changed to Produktion af elektricitet (401100)
20012 changesname 1 · merger 1
  • Name changed from VEST ENERGI FORSYNING A/S to SYDVEST ENERGI FORSYNING A/S
  • Merger registered in CVR
200020 changesindustry 1 · capital 1 · management 18
  • Industry changed to Elforsyning (401000)
  • Share capital changed from 500,000 DKK to 5,000,000 DKK
  • Ebbe Seligmann appointed chair of the board
  • Ebbe Seligmann appointed director
  • Ebbe Seligmann stepped down as director
  • Bent Brødbæk appointed board member
  • Peter Engberg Schmidt stepped down as board member
  • Kurt Øland stepped down as board member
  • Bakken Hansen stepped down as board member
  • Eva Graakjær Lund stepped down as board member
  • Jens Astrup Madsen stepped down as board member
  • Erling Kristensen stepped down as board member
  • Olav Tranbjerg Møller stepped down as board member
  • Andreas Grønbjerg Pedersen stepped down as board member
  • Flemming Sigurd Bay-Jensen stepped down as board member
  • Bodil Gravsholt stepped down as board member
  • Morten Beck Høyer stepped down as board member
  • Knud Jager Andersen stepped down as board member
  • Arvid Ryttergaard stepped down as chair of the board
  • Niels Peder Nørregaard stepped down as board member
199916 changesfounded 1 · management 15
  • Registered as VEST ENERGI FORSYNING A/S
  • Peter Engberg Schmidt appointed board member
  • Kurt Øland appointed board member
  • Bakken Hansen appointed board member
  • Eva Graakjær Lund appointed board member
  • Jens Astrup Madsen appointed board member
  • Erling Kristensen appointed board member
  • Olav Tranbjerg Møller appointed board member
  • Andreas Grønbjerg Pedersen appointed board member
  • Flemming Sigurd Bay-Jensen appointed board member
  • Bodil Gravsholt appointed board member
  • Bent Brødbæk appointed director
  • Morten Beck Høyer appointed board member
  • Knud Jager Andersen appointed board member
  • Arvid Ryttergaard appointed chair of the board
  • Niels Peder Nørregaard appointed board member

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 23/10/2026.

View in CVRReport a correction