Northflare Energy A/S
Public limited companyCVR 32283853København ØActive
Northflare Energy A/S is a public limited company, based in København Ø, active in wholesale of solid, liquid and gaseous fuels and related products, founded in 2009. Net profit fell 31% from 2025 to 2026, ending at DKK 9.6m. Operations are spread over 3 production units in 3 towns. With 51 employees, the company is about 9 times larger than the industry median.
Key figures · financial year 2026
What has changed
calculated from recorded figures and datesFinancials: 2026 against 2025
- Revenue fell 20% (2025 → 2026), to DKK 621.6m.
- Net profit fell 31% (2025 → 2026), to DKK 9.6m.
Employees
- 1 fewer employees than a year earlier: 51 (08/2026) against 52 (08/2025).
Management and owners, last 24 months
- New in management: Ask Michael Munck (director, 06/01/2025), Simon Plagborg (ceo, 06/01/2025) and Nina Østergaard (deputy chair, 19/06/2026) (+1).
- Stepped down: Simon Christensen (board member, 31/12/2025), Nina Østergaard (board member, 18/06/2026) and Ask Michael Munck (ceo, 05/01/2025).
Registrations, last 24 months
- 28/09/2026: Name changed from CM BIOMASS PARTNERS A/S to Northflare Energy A/S
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 2020–2026 · amounts in DKK thousandEquity and net profit
| 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 405,509 | 711,893 | 798,533 | 835,257 | 776,203 | 621,644 | −19.9% |
| Gross profit | 23,883 | 54,243 | 58,692 | – | – | – | – |
| Operating profit (EBIT) | 19,022 | 38,274 | 46,487 | 35,877 | 13,802 | 7,306 | −47.1% |
| Profit before tax | 17,211 | 38,991 | 35,019 | 45,881 | 16,282 | 9,866 | −39.4% |
| Net profit | 13,441 | 30,592 | 26,146 | 39,130 | 13,987 | 9,599 | −31.4% |
| Total assets | 100,876 | 145,545 | 216,676 | 256,665 | 255,718 | 269,618 | +5.4% |
| Equity | 37,803 | 60,134 | 82,748 | 120,736 | 125,547 | – | – |
| Liabilities | 63,022 | 83,611 | 133,928 | 135,929 | 130,171 | 201,358 | +54.7% |
| Cash and cash equivalents | 1,923 | 852 | 48 | 62 | 1,124 | 13,070 | +1,062.8% |
| Average number of employees | 37 | 145 | 31 | – | – | – | – |
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. The register has no financial statements for 2021 (changed financial year or not filed).
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2026 figuresProfit for five years in a row
Net result has been positive in 2022–2026.
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
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2026 | 01/05/2025 – 30/04/2026 | 03/07/2026 | The company | PDF not statedXBRL |
| 2025 | 01/05/2024 – 30/04/2025 | 25/07/2025 | The company | PDF not statedXBRL |
| 2024 | 01/05/2023 – 30/04/2024 | 19/07/2024 | The company | PDF not statedXBRL |
| 2023 | 01/05/2022 – 30/04/2023 | 30/06/2023 | The company | PDFXBRL |
| 2022 | 01/01/2021 – 30/04/2022 | 01/07/2022 | The group | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 08/04/2021 | The group | PDFXBRL |
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 CVRPosition in the industry
102 companies in the databaseComparison with the other companies in wholesale of solid, liquid and gaseous fuels and related products based on the latest financial year.
Industry median: gross profit DKK 5.1m, net profit DKK 599k, equity DKK 3.5m, 6 employees.
Compare with the industry
Wholesale of solid, liquid and gaseous fuels and related products- Northflare Energy A/SDKK 58.7m
- Ok A.m.b.a.DKK 2.5bn
- Uno-X Mobility Danmark A/SDKK 427.8m
- Northflare Energy A/SDKK 9.6m
- Ok A.m.b.a.DKK 870.9m
- Uno-X Mobility Danmark A/SDKK 141.8m
- Northflare Energy A/SDKK 125.5m
- Ok A.m.b.a.DKK 7bn
- Uno-X Mobility Danmark A/SDKK 1bn
- Northflare Energy A/S51
- Ok A.m.b.a.1,172
- Uno-X Mobility Danmark A/S117
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Northflare Energy Holding A/S100%
Management
8 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Ask Michael Munck | Director | 06/01/2025 |
| Simon Plagborg | CEO | 06/01/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jan Flemming Bech Andersen | Board member | 13/09/2021 |
| Christian Pagaard Junker | Chair of the board | 13/09/2021 |
| Louise Wenche Koch | Board member | 01/12/2023 |
| Søren Fournaise Eriksen | Board member | 01/04/2024 |
| Nina Østergaard | Deputy chair | 19/06/2026 |
| Peter Hald Appel | Board member | 19/06/2026 |
- Founders
- CM Holding A/S, Teknoinvest Limited
Former management (11)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Torben Herman Christensen | Chair of the board | 01/07/2009 | 13/09/2021 |
| Simon Christensen | Board member | 01/07/2009 | 31/12/2025 |
| Simon Christensen | CEO | 01/07/2009 | 01/07/2023 |
| Sergey Genkin | Board member | 01/07/2009 | 26/07/2021 |
| Karl Mikael Ullman | Board member | 24/06/2010 | 13/09/2021 |
| Morten Hultberg Buchgreitz | Board member | 13/09/2021 | 01/07/2023 |
| Nina Østergaard | Board member | 13/09/2021 | 18/06/2026 |
| Michael Hjorth Christensen | Director | 01/07/2023 | 15/09/2024 |
| Ask Michael Munck | Director | 01/07/2023 | 16/09/2024 |
| Morten Hultberg Buchgreitz | CEO | 01/07/2023 | 17/09/2024 |
| Ask Michael Munck | CEO | 17/09/2024 | 05/01/2025 |
Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem eller af 3 bestyrelsesmedlemmer i forening.
Address and production units
3 active production unitsSundkrogsgade 11
2100 København Ø
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Northflare Energy A/S | Sundkrogsgade 11, 2, 2100 København Ø | 51 | 1015373233 |
| CM Biomass - Vildbjerg Pellets | Islandsvej 8, st, 7480 Vildbjerg | 1 | 1029778988 |
| Cm Biomass - Løsning | Helge Nielsens Alle 7, 8723 Løsning | – | 1030117138 |
Purpose
Selskabets formål er at drive handels- og kommissionsvirksomhed med biomasse samt direkte eller indirekte at drive anden virksomhed, der efter bestyrelsens skøn er forbundet dermed.
The purpose is quoted from the register in Danish.
Changes year by year
57 registered events20265 changesname 1 · accounts 1 · management 3
- NameName changed from CM BIOMASS PARTNERS A/S to Northflare Energy A/S
- AccountsAnnual report for 2026 published
- ManagementNina Østergaard appointed deputy chair
- ManagementPeter Hald Appel appointed board member
- ManagementNina Østergaard stepped down as board member
20255 changesmanagement 4 · accounts 1
- ManagementSimon Christensen stepped down as board member
- AccountsAnnual report for 2025 published
- ManagementAsk Michael Munck appointed director
- ManagementSimon Plagborg appointed ceo
- ManagementAsk Michael Munck stepped down as ceo
20248 changesmanagement 5 · accounts 1 · address 2
- ManagementAsk Michael Munck appointed ceo
- ManagementMorten Hultberg Buchgreitz stepped down as ceo
- ManagementAsk Michael Munck stepped down as director
- ManagementMichael Hjorth Christensen stepped down as director
- AccountsAnnual report for 2024 published
- AddressMoved to Sundkrogsgade 11, 2, 2100 København Ø
- AddressMoved to Sundkrogsgade 11, 2, 2100 København Ø
- ManagementSøren Fournaise Eriksen appointed board member
20238 changesmanagement 6 · address 1 · accounts 1
- ManagementLouise Wenche Koch appointed board member
- AddressMoved to Klubiensvej 22, 2150 Nordhavn
- ManagementMorten Hultberg Buchgreitz appointed ceo
- ManagementMichael Hjorth Christensen appointed director
- ManagementAsk Michael Munck appointed director
- ManagementMorten Hultberg Buchgreitz stepped down as board member
- ManagementSimon Christensen stepped down as ceo
- AccountsAnnual report for 2023 published
20223 changesmerger 1 · accounts 1 · address 1
- MergerMerger registered in CVR
- AccountsAnnual report for 2022 published
- AddressMoved to Klubiensvej 22, 2150 Nordhavn
202111 changesmanagement 7 · ownership 3 · accounts 1
- ManagementChristian Pagaard Junker appointed chair of the board
- ManagementJan Flemming Bech Andersen appointed board member
- ManagementMorten Hultberg Buchgreitz appointed board member
- ManagementNina Østergaard appointed board member
- ManagementKarl Mikael Ullman stepped down as board member
- ManagementTorben Herman Christensen stepped down as chair of the board
- OwnershipNorthflare Energy Holding A/S registered as owner (100%)
- OwnershipBigmove Holdings Limited is no longer registered as owner
- OwnershipCM HOLDING A/S is no longer registered as owner
- ManagementSergey Genkin stepped down as board member
- AccountsAnnual report for 2020 published
20194 changesownership 3 · capital 1
- OwnershipBigmove Holdings Limited registered as owner (25%)
- OwnershipSergey Genkin is no longer registered as owner
- CapitalShare capital changed from 2,077,922 DKK to 2,133,333 DKK
- OwnershipSergey Genkin is no longer registered as owner
20182 changesaddress 1 · capital 1
- AddressMoved to Klubiensvej 22, 2150 Nordhavn
- CapitalShare capital changed from 2,000,000 DKK to 2,077,922 DKK
20162 changesownership 2
- OwnershipSergey Genkin registered as owner (25%)
- OwnershipPrudential Investments Foundation is no longer registered as owner
20121 changeownership 1
- OwnershipPrudential Investments Foundation registered as owner (25%)
20101 changemanagement 1
- ManagementKarl Mikael Ullman appointed board member
20097 changesindustry 1 · founded 1 · management 4 · ownership 1
- IndustryIndustry changed to Wholesale of motor vehicles (467100)
- FoundedRegistered as CM BIOMASS PARTNERS A/S
- ManagementSimon Christensen appointed board member
- ManagementSergey Genkin appointed board member
- ManagementSimon Christensen appointed ceo
- ManagementTorben Herman Christensen appointed chair of the board
- OwnershipCM HOLDING A/S registered as owner (66.67%)
Related companies
Same industry in København
- Totalenergies Marketing Denmark A/S44 employees
- Trafigura Denmark ApS35 employees
- Blue Energy Partners ApS15 employees
- DCC & Shell Aviation Denmark A/S12 employees
- Green2x A/S9 employees
- Fuchs Lubricants Denmark ApS7 employees
Same people in management
- Ørsted Services A/Svia Morten Hultberg Buchgreitz
- Danish Agro A.m.b.a.via Christian Pagaard Junker
- Danepork A/Svia Søren Fournaise Eriksen
- ROSE Poultry A/Svia Christian Pagaard Junker
- Nexel A/Svia Morten Hultberg Buchgreitz
- Ørsted Bioenergy & Thermal Power A/Svia Morten Hultberg Buchgreitz
Largest in the industry
- Ok A.m.b.a.DKK 2.5bn
- Uno-X Mobility Danmark A/SDKK 427.8m
- Kosan Gas A/SDKK 212.4m
- Bigadan Sourcing & Commodities ApSDKK 185.7m
- Bio Recycling ApSDKK 133.3m
- Go'on Gruppen A/SDKK 130m
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.