Norlys Energy Trading A/S

Public limited companyCVR 41419849AalborgActive

Norlys Energy Trading A/S is a public limited company, based in Aalborg, active in brokerage and agency activities in electricity and natural gas supply, founded in 2020. After a loss in 2024, the company made a profit of DKK 4.3m in 2025. Measured by gross profit, it ranks no. 1 of 17 companies in the industry in the database. With 309 employees, the company is about 77 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 1bn+184.6% vs. 2024

Net profitDKK 4.3m+101.5% vs. 2024

EquityDKK 2.1bn−14.9% vs. 2024

Employees309latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Revenue rose 185% (2024 → 2025), to DKK 1bn.
Net profit went from a loss of DKK 289.9m to a profit of DKK 4.3m (2024 → 2025).
Equity fell 15% (2024 → 2025), to DKK 2.1bn.

Employees

26 more employees than a year earlier: 309 (07/2026) against 283 (07/2025).

Management and owners, last 24 months

New in management: Anne Mette Aaby Aaes (board member, 18/11/2024) and Jesper Schaumburg-Düring (board member, 01/09/2025).
Stepped down: Mads Brøgger (board member, 18/11/2024) and Uffe Bak-Aagaard (board member, 01/09/2025).

Registrations, last 24 months

25/06/2025: Moved to Gasværksvej 25, 9000 Aalborg
01/01/2025: Industry changed to Brokerage and agency activities in electricity and natural gas supply (354000)

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 Norlys Energy Trading A/S
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	464,818	358,282	1,019,548	+184.6%
Gross profit	−5,161	94,712	3,891,390	260,960	−62,435	274,936	+540.4%
Operating profit (EBIT)	−12,957	28,754	3,538,887	76,810	−277,701	18,804	+106.8%
Profit before tax	−13,003	24,114	4,197,819	77,690	−338,468	3,668	+101.1%
Net profit	−10,307	18,809	3,383,644	102,201	−289,875	4,272	+101.5%
Total assets	21,318	368,720	6,607,832	4,295,523	2,944,779	2,630,603	−10.7%
Equity	15,093	68,301	3,451,971	2,796,352	2,518,771	2,142,564	−14.9%
Liabilities	5,525	298,364	3,153,049	1,496,838	425,980	465,200	+9.2%
Cash and cash equivalents	15,188	537	3,410,485	1,962,859	1,730,848	1,295,992	−25.1%
Average number of employees	14	64	–	187	222	258	+16.2%

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: 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 (17 companies)

Gross profitMedian, the industry (17 companies)

Annual reports

6 financial years

Annual reports for Norlys Energy Trading A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	01/05/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	28/04/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	02/07/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	29/06/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	09/05/2022	The company	PDF XBRL
2020	09/06/2020 – 31/12/2020	04/06/2021	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

17 companies in the database

Comparison with the other companies in brokerage and agency activities in electricity and natural gas supply based on the latest financial year.

Gross profitDKK 274.9mNo. 1 of 17

Better than 100% of the companies in the industry

EquityDKK 2.1bnNo. 1 of 17

Better than 100% of the companies in the industry

Number of employees309No. 1 of 17

Better than 100% of the companies in the industry

Industry median: gross profit DKK 3.1m, net profit DKK 1.2m, equity DKK 13.6m, 4 employees.

Distribution of gross profit for 14 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 200–499 employees796 companies in the comparison	No. 174of 763 Better than 77%	No. 33of 796 Better than 96%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 107of 33,588 Better than 100%	No. 44of 33,687 Better than 100%
All companies of type A/S18,025 companies in the comparison	No. 559of 17,786 Better than 97%	No. 225of 18,024 Better than 99%

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

Brokerage and agency activities in electricity and natural gas supply

Gross profit

Norlys Energy Trading A/SDKK 274.9m
Vindenergi Danmark AMBADKK 91.9m
E.on Danmark A/SDKK 72m

Net profit

Norlys Energy Trading A/SDKK 4.3m
Vindenergi Danmark AMBADKK 64.4m
E.on Danmark A/SDKK 27.7m

Equity

Norlys Energy Trading A/SDKK 2.1bn
Vindenergi Danmark AMBADKK 403.2m
E.on Danmark A/SDKK 124m

Employees

Norlys Energy Trading A/S309
Vindenergi Danmark AMBA24
E.on Danmark A/S44

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

Norlys Energy Trading A/S

Management

8 active registrations

Executive management

Executive management at Norlys Energy Trading A/S
Name	Role	Appointed
Anders Bauditz	CEO	01/09/2021
Ole Ibsen	Director	01/05/2022

Board of directors

Board of directors at Norlys Energy Trading A/S
Name	Role	Appointed
Bo Lynge Rydahl	Board member	09/06/2020
Jens Rasmussen	Deputy chair	09/06/2020
Gert Vinther Jørgensen	Chair of the board	29/06/2022
Søren Hvidberg	Board member	09/05/2023
Anne Mette Aaby Aaes	Board member	18/11/2024
Jesper Schaumburg-Düring	Board member	01/09/2025

Auditor: Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab
Founders: Eurowind Energy A/S

Former management (6)

Former management at Norlys Energy Trading A/S
Name	Role	Appointed	Resigned
Bo Lynge Rydahl	CEO	09/06/2020	01/09/2021
Niels Ulrich Duedahl	Chair of the board	09/06/2020	29/06/2022
Mads Brøgger	Board member	09/06/2020	18/11/2024
Uffe Bak-Aagaard	Board member	09/06/2020	01/09/2025
Gert Vinther Jørgensen	Board member	09/06/2020	28/06/2022
Mogens Vinther	Board member	30/06/2022	20/04/2023

Signing rule: Selskabet tegnes af to direktører i forening, en direktør i forening med bestyrelsens formand eller næstformand, eller af bestyrelsens formand og næstformand i forening eller af fire bestyrelsesmedlemmer.

Address and production units

2 active production units

Gasværksvej 25
9000 Aalborg

Aalborg Municipality · Postcode 9000

Other companies at the address (1)

Norlys Energi A/SOther trade in electricity

Open in OpenStreetMap

Production units
Production unit	Address	Industry	Employees	P number
Norlys Energy Trading A/S	Gasværksvej 25, 9000 Aalborg	Other education n.e.c.	20	1025908771
Norlys Energy Trading A/S	Skt. Knuds Torv 9, 2, 8000 Aarhus C	Brokerage and agency activities in electricity and natural gas supply	–	1031240537

Purpose

Selskabets formål er at forestå energihandel, herunder køb og salg af el, gas og energicertifikater, risikostyring i forbindelse med energihandel samt anden hermed forbundet virksomhed efter bestyrelsens rimelige skøn.

The purpose is quoted from the register in Danish.

Changes year by year

45 registered events

142020

92021

102022

32023

32024

52025

12026

20261 changeaccounts 1

01/05AccountsAnnual report for 2025 published

20255 changesmanagement 2 · address 1 · accounts 1 · industry 1

01/09ManagementJesper Schaumburg-Düring appointed board member
01/09ManagementUffe Bak-Aagaard stepped down as board member
25/06AddressMoved to Gasværksvej 25, 9000 Aalborg
28/04AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Brokerage and agency activities in electricity and natural gas supply (354000)

20243 changesmanagement 2 · accounts 1

18/11ManagementAnne Mette Aaby Aaes appointed board member
18/11ManagementMads Brøgger stepped down as board member
02/07AccountsAnnual report for 2023 published

20233 changesaccounts 1 · management 2

29/06AccountsAnnual report for 2022 published
09/05ManagementSøren Hvidberg appointed board member
20/04ManagementMogens Vinther stepped down as board member

202210 changesmanagement 5 · accounts 1 · ownership 4

30/06ManagementMogens Vinther appointed board member
29/06ManagementGert Vinther Jørgensen appointed chair of the board
29/06ManagementNiels Ulrich Duedahl stepped down as chair of the board
28/06ManagementGert Vinther Jørgensen stepped down as board member
09/05AccountsAnnual report for 2021 published
01/05ManagementOle Ibsen appointed director
14/03OwnershipNorlys Group A/S registered as owner (50%)
14/03OwnershipEUROWIND ENERGY A/S registered as owner (33.33%)
13/03OwnershipNorlys Group A/S is no longer registered as owner
13/03OwnershipEUROWIND ENERGY A/S is no longer registered as owner

20219 changescapital 2 · management 2 · accounts 1 · ownership 4

21/09CapitalShare capital changed from 31,110,000 DKK to 34,000,000 DKK
01/09ManagementAnders Bauditz appointed ceo
01/09ManagementBo Lynge Rydahl stepped down as ceo
04/06AccountsAnnual report for 2020 published
11/05CapitalShare capital changed from 25,400,000 DKK to 31,110,000 DKK
14/03OwnershipNorlys Group A/S registered as owner (50%)
14/03OwnershipEUROWIND ENERGY A/S registered as owner (33.33%)
13/03OwnershipNorlys Group A/S is no longer registered as owner
13/03OwnershipEUROWIND ENERGY A/S is no longer registered as owner

202014 changesaddress 1 · capital 1 · ownership 4 · founded 1 · management 7

30/11AddressMoved to Over Bækken 6, 9000 Aalborg
22/09CapitalShare capital changed from 400,000 DKK to 25,400,000 DKK
14/08OwnershipNorlys Group A/S registered as owner (50%)
14/08OwnershipEUROWIND ENERGY A/S registered as owner (50%)
13/08OwnershipEUROWIND ENERGY A/S is no longer registered as owner
09/06FoundedRegistered as Norlys Energy Trading A/S
09/06ManagementJens Rasmussen appointed deputy chair
09/06ManagementNiels Ulrich Duedahl appointed chair of the board
09/06ManagementMads Brøgger appointed board member
09/06ManagementUffe Bak-Aagaard appointed board member
09/06ManagementGert Vinther Jørgensen appointed board member
09/06ManagementBo Lynge Rydahl appointed board member
09/06ManagementBo Lynge Rydahl appointed ceo
09/06OwnershipEUROWIND ENERGY A/S registered as owner (100%)

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Same people in management

Danish Crown A/Svia Niels Ulrich Duedahl
Norlys Telco A/Svia Anne Mette Aaby Aaes
N1 A/Svia Niels Ulrich Duedahl
Sinal A/Svia Anne Mette Aaby Aaes
Clever A/Svia Gert Vinther Jørgensen
Norlys a.m.b.a.via Anne Mette Aaby Aaes

Largest in the industry

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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 23/10/2026. 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