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North Propulsion ApS

Private limited companyCVR 43802194Kongens LyngbyActive

North Propulsion ApS is a private limited company, based in Kongens Lyngby, active in manufacture of civil air and spacecraft and related machinery, founded in 2023. Net profit rose 142% from 2024 to 2025, ending at DKK 2.1m. Profit has grown three years in a row. Equity grew to DKK 24.7m in 2025.

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Key figures · financial year 2025

Gross profitDKK 3.8m+75% vs. 2024
Net profitDKK 2.1m+142.5% vs. 2024
EquityDKK 24.7m+2,219.1% vs. 2024
Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 75% (2024 → 2025), to DKK 3.8m.
  • Net profit rose 142% (2024 → 2025), to DKK 2.1m.
  • Equity rose 2,219% (2024 → 2025), to DKK 24.7m.

Employees

  • 1 more employees than a year earlier: 5 (07/2026) against 4 (07/2025).

Management and owners, last 24 months

  • New in management: Eric Lagier (board member, 08/12/2025), Ola Sten Baksaas (board member, 08/12/2025) and Niels Buus (chair of the board, 17/03/2026) (+2).
  • Stepped down: Rasmus Arnt Pedersen (chair of the board, 16/03/2026).
  • New owners registered: Pedersen Heavy Industries ApS (18/12/2025), byFounders VC Fund III K/S (18/12/2025) and BKG Holding ApS (18/12/2025) (+4).
  • No longer registered as owner: Pedersen Heavy Industries ApS (17/12/2025), Bax As (17/12/2025) and Francisco Jesus Acien Perez (11/08/2025) (+3).

Registrations, last 24 months

  • 23/03/2026: Share capital changed from 52,261 DKK to 54,796 DKK
  • 08/12/2025: Share capital changed from 40,000 DKK to 52,261 DKK
  • 17/02/2025: Moved to Fysikvej 312, st, 2800 Kongens Lyngby
  • 06/01/2025: Moved to Matematiktorvet 307, 1, 2800 Kongens Lyngby
  • 01/01/2025: Industry changed to Manufacture of civil air and spacecraft and related machinery (303100)

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 2023–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202320242025
EquityNet profit
Financial figures for North Propulsion ApS
202320242025Change
Revenuenot statednot statednot stated–
Gross profit1702,1933,838+75%
Operating profit (EBIT)–1,1862,638+122.4%
Profit before tax1631,1592,631+127%
Net profit1638622,090+142.5%
Total assets2332,43625,850+961.1%
Equity2031,06524,688+2,219.1%
Liabilities–1,075334−68.9%
Cash and cash equivalents318552,470+189%
Average number of employees034+33.3%

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 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 2mDKK 4mDKK 6mDKK 8mDKK 10m202320242025
Gross profitMedian, the industry (16 companies)

Annual reports

3 financial years
Annual reports for North Propulsion ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202507/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202410/04/2025The companyPDFXBRL
202324/01/2023 – 31/12/202322/06/2024The companyPDF not statedXBRL

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
01234504/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

16 companies in the database

Comparison with the other companies in manufacture of civil air and spacecraft and related machinery based on the latest financial year.

Gross profitDKK 3.8mNo. 11 of 16
Better than 33% of the companies in the industry
EquityDKK 24.7mNo. 7 of 16
Better than 60% of the companies in the industry
Number of employees5No. 11 of 16
Better than 33% of the companies in the industry

Industry median: gross profit DKK 10.2m, net profit DKK 16,876, equity DKK 13.1m, 14 employees.

DKK 655kDKK 3mDKK 14.1mDKK 65.1mDKK 180.9mHere
Distribution of gross profit for 15 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 fewer than 20 employees69,967 companies in the comparison
No. 17,895of 69,742
Better than 74%
No. 5,057of 69,964
Better than 93%
Companies that are founded within the last five years16,662 companies in the comparison
No. 3,048of 16,614
Better than 82%
No. 512of 16,661
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 17,925of 66,379
Better than 73%
No. 3,645of 66,505
Better than 95%

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

Manufacture of civil air and spacecraft and related machinery
Gross profit
  1. North Propulsion ApSDKK 3.8m
  2. Sky-watch A/SDKK 301.6m
  3. Terma Aerostructures A/SDKK 110.8m
Net profit
  1. North Propulsion ApSDKK 2.1m
  2. Sky-watch A/SDKK 149.4m
  3. Terma Aerostructures A/SDKK 27m
Equity
  1. North Propulsion ApSDKK 24.7m
  2. Sky-watch A/SDKK 259.1m
  3. Terma Aerostructures A/SDKK 303.3m
Employees
  1. North Propulsion ApS5
  2. Sky-watch A/S161
  3. Terma Aerostructures A/S512

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
  • Pedersen Heavy Industries ApS25%
  • byFounders VC Fund III K/S15%
  • BKG Holding ApS5%
  • Acien ApS5%
  • Bax As25%
North Propulsion ApS

Management

5 active registrations

Executive management

Executive management at North Propulsion ApS
NameRoleAppointed
Rasmus Arnt PedersenDirector24/01/2023

Board of directors

Board of directors at North Propulsion ApS
NameRoleAppointed
Eric LagierBoard member08/12/2025
Ola Sten BaksaasBoard member08/12/2025
Niels BuusChair of the board17/03/2026
Rasmus Arnt PedersenBoard member17/03/2026
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
Pedersen Heavy Industries ApS
Former management (1)
Former management at North Propulsion ApS
NameRoleAppointedResigned
Rasmus Arnt PedersenChair of the board08/12/202516/03/2026

Signing rule: Selskabet tegnes af ét medlem af direktionen i forening med et bestyrelsesmedlem eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Fysikvej 312
2800 Kongens Lyngby

Lyngby-Taarbæk Municipality · Postcode 2800

Production units
Production unitAddressEmployeesP number
North Propulsion ApSFysikvej 312, st, 2800 Kongens Lyngby51028960642

Purpose

Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.

The purpose is quoted from the register in Danish.

Changes year by year

34 registered events
20265 changesaccounts 1 · capital 1 · management 3
  • Annual report for 2025 published
  • Share capital changed from 52,261 DKK to 54,796 DKK
  • Niels Buus appointed chair of the board
  • Rasmus Arnt Pedersen appointed board member
  • Rasmus Arnt Pedersen stepped down as chair of the board
202521 changesownership 13 · capital 1 · management 3 · accounts 1 · address 2 · industry 1
  • byFounders VC Fund III K/S registered as owner (15%)
  • Pedersen Heavy Industries ApS registered as owner (25%)
  • Acien ApS registered as owner (5%)
  • BKG Holding ApS registered as owner (5%)
  • BAX AS registered as owner (25%)
  • Acien ApS is no longer registered as owner
  • BKG Holding ApS is no longer registered as owner
  • BAX AS is no longer registered as owner
  • Pedersen Heavy Industries ApS is no longer registered as owner
  • Share capital changed from 40,000 DKK to 52,261 DKK
  • Rasmus Arnt Pedersen appointed chair of the board
  • Eric Lagier appointed board member
  • Ola Sten Baksaas appointed board member
  • Acien ApS registered as owner (10%)
  • BKG Holding ApS registered as owner (10%)
  • Berk Kyané Gezer is no longer registered as owner
  • Francisco Jesus Acien Perez is no longer registered as owner
  • Annual report for 2024 published
  • Moved to Fysikvej 312, st, 2800 Kongens Lyngby
  • Moved to Matematiktorvet 307, 1, 2800 Kongens Lyngby
  • Industry changed to Manufacture of civil air and spacecraft and related machinery (303100)
20244 changesaccounts 1 · ownership 3
  • Annual report for 2023 published
  • Berk Kyané Gezer registered as owner (10%)
  • Francisco Jesus Acien Perez registered as owner (10%)
  • BAX AS registered as owner (33.33%)
20234 changesname 1 · founded 1 · management 1 · ownership 1
  • Name changed from North European Space Company ApS to North Propulsion ApS
  • Registered as North European Space Company ApS
  • Rasmus Arnt Pedersen appointed director
  • Pedersen Heavy Industries ApS registered as owner (33.33%)

Related companies

Same people in management

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 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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