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Ole Lynggaard A/S

Public limited companyCVR 83024917HellerupActive

Ole Lynggaard A/S is a public limited company, based in Hellerup, active in wholesale of watches and jewellery, founded in 1977. Net profit rose 44% from 2024 to 2025, ending at DKK 20.5m. Measured by gross profit, it ranks no. 1 of 72 companies in the industry in the database. Profit has grown three years in a row.

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Key figures · financial year 2025

Gross profitDKK 123.5m+1.9% vs. 2024
Net profitDKK 20.5m+44.5% vs. 2024
EquityDKK 111m+6% vs. 2024
Employees101latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 2% (2024 → 2025), to DKK 123.5m.
  • Net profit rose 44% (2024 → 2025), to DKK 20.5m.
  • Equity rose 6% (2024 → 2025), to DKK 111m.

Management and owners, last 24 months

  • New owners registered: Charlotte Lynggaard ApS (28/06/2026) and Søren Lynggaard ApS (28/06/2026).
  • No longer registered as owner: Charlotte Lynggaard ApS (27/06/2026) and Søren Lynggaard ApS (27/06/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of watches and jewellery (464800)

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 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
EquityNet profit
Financial figures for Ole Lynggaard A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit94,890111,492114,870105,253121,219123,511+1.9%
Operating profit (EBIT)7,26441,64529,2436,23723,69228,407+19.9%
Profit before tax6,26040,83823,8612,69419,11627,841+45.6%
Net profit4,45331,59518,26863214,18920,502+44.5%
Total assets161,515206,123207,104200,703197,843194,974−1.5%
Equity92,722125,467104,49388,409104,675110,998+6%
Liabilities68,56980,356102,456111,29093,05183,621−10.1%
Cash and cash equivalents24,97944,24722,52420,29825,48426,481+3.9%
Average number of employees127117131137126124−1.6%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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, 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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (72 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

6 financial years
Annual reports for Ole Lynggaard A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202509/05/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202416/05/2025The groupPDFXBRL
202301/01/2023 – 31/12/202310/06/2024The groupPDFXBRL
202201/01/2022 – 31/12/202228/05/2023The groupPDFXBRL
202101/01/2021 – 31/12/202113/04/2022The groupPDFXBRL
202001/01/2020 – 31/12/202015/03/2021The groupPDFXBRL

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
02040608010012008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

72 companies in the database

Comparison with the other companies in wholesale of watches and jewellery based on the latest financial year.

Gross profitDKK 123.5mNo. 1 of 72
Better than 100% of the companies in the industry
EquityDKK 111mNo. 1 of 72
Better than 100% of the companies in the industry
Number of employees101No. 1 of 72
Better than 100% of the companies in the industry

Industry median: gross profit DKK 2m, net profit DKK 165k, equity DKK 1.9m, 4 employees.

DKK 100kDKK 593kDKK 3.5mDKK 20.8mDKK 68.3mHere
Distribution of gross profit for 68 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. 439of 4,412
Better than 90%
No. 615of 4,466
Better than 86%
Companies that are at least 30 years old10,276 companies in the comparison
No. 702of 10,152
Better than 93%
No. 1,169of 10,275
Better than 89%
All companies of type A/S18,025 companies in the comparison
No. 1,277of 17,786
Better than 93%
No. 2,114of 18,024
Better than 88%

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

Wholesale of watches and jewellery
Gross profit
  1. Ole Lynggaard A/SDKK 123.5m
  2. Essilor Danmark A/SDKK 39.7m
  3. Sif Jakobs Jewellery ApSDKK 27.8m
Net profit
  1. Ole Lynggaard A/SDKK 20.5m
  2. Essilor Danmark A/SDKK 1.7m
  3. Sif Jakobs Jewellery ApSDKK 2.7m
Equity
  1. Ole Lynggaard A/SDKK 111m
  2. Essilor Danmark A/SDKK 13m
  3. Sif Jakobs Jewellery ApSDKK 24.6m
Employees
  1. Ole Lynggaard A/S101
  2. Essilor Danmark A/S33
  3. Sif Jakobs Jewellery ApS49

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
  • Charlotte Lynggaard ApS50%
  • Søren Lynggaard ApS50%
Ole Lynggaard A/S

Management

8 active registrations

Executive management

Executive management at Ole Lynggaard A/S
NameRoleAppointed
Søren Ole LynggaardCEO30/09/2003
Charlotte LynggaardDirector30/09/2003

Board of directors

Board of directors at Ole Lynggaard A/S
NameRoleAppointed
Søren Ole LynggaardBoard member18/04/1996
Charlotte LynggaardBoard member18/04/1996
Niels Erik Michel NormannBoard member15/09/2006
Lars-Erik Houmann ChristensenChair of the board13/02/2013
Ole LynggaardBoard member13/02/2013
Troels Philip JensenBoard member04/03/2021
Former management (11)
Former management at Ole Lynggaard A/S
NameRoleAppointedResigned
Ole LynggaardDirector30/09/197701/08/2007
Peter GranzowBoard member30/09/197701/06/2009
Karin LynggaardBoard member30/09/197731/05/2006
Per Boe LarsenBoard member30/09/197731/05/2006
Lars DybkjærBoard member15/09/200604/03/2021
Hans Georg Halse HornemannBoard member01/06/200903/07/2009
Peter Margarth IngwersenBoard member13/02/201304/04/2016
Niels Erik Michel NormannDirector04/05/201504/06/2020
Hanna Maria LynggaardDirector12/12/201631/03/2023
Jean-Baptiste André VoisinBoard member12/12/201627/05/2019
Karin LynggaardBoard member27/05/201904/06/2020

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af en direktør.

Address and production units

2 active production units

Hellerupvej 15B
2900 Hellerup

Gentofte Municipality · Postcode 2900

Production units
Production unitAddressEmployeesP number
OLE LYNGGAARD A/SHellerupvej 15B, 2, 2900 Hellerup1001003207771
OLE LYNGGAARD A/SHellerupvej 6, 2900 Hellerup21003207758

Purpose

Selskabets formål er design, produktion og salg af smykker og hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

49 registered events
20265 changesownership 4 · accounts 1
  • CHARLOTTE LYNGGAARD ApS registered as owner (50%)
  • SØREN LYNGGAARD ApS registered as owner (50%)
  • CHARLOTTE LYNGGAARD ApS is no longer registered as owner
  • SØREN LYNGGAARD ApS is no longer registered as owner
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Wholesale of watches and jewellery (464800)
20241 changeaccounts 1
  • Annual report for 2023 published
20232 changesaccounts 1 · management 1
  • Annual report for 2022 published
  • Hanna Maria Lynggaard stepped down as director
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaccounts 1 · management 2
  • Annual report for 2020 published
  • Troels Philip Jensen appointed board member
  • Lars Dybkjær stepped down as board member
20202 changesmanagement 2
  • Karin Lynggaard stepped down as board member
  • Niels Erik Michel Normann stepped down as director
20192 changesmanagement 2
  • Karin Lynggaard appointed board member
  • Jean-Baptiste André Voisin stepped down as board member
20163 changesmanagement 3
  • Jean-Baptiste André Voisin appointed board member
  • Hanna Maria Lynggaard appointed director
  • Peter Margarth Ingwersen stepped down as board member
20152 changesmanagement 1 · industry 1
  • Niels Erik Michel Normann appointed director
  • Industry changed to Wholesale of watches and jewellery (464800)
20133 changesmanagement 3
  • Ole Lynggaard appointed board member
  • Lars-Erik Houmann Christensen appointed chair of the board
  • Peter Margarth Ingwersen appointed board member
20095 changesownership 2 · management 3
  • CHARLOTTE LYNGGAARD ApS registered as owner (33.33%)
  • SØREN LYNGGAARD ApS registered as owner (33.33%)
  • Hans Georg Halse Hornemann stepped down as board member
  • Hans Georg Halse Hornemann appointed board member
  • Peter Granzow stepped down as board member
20081 changeindustry 1
  • Industry changed to Manufacture of jewellery and related articles (321200)
20073 changesmanagement 1 · name 1 · capital 1
  • Ole Lynggaard stepped down as director
  • Name changed from OLE LYNGGAARD ApS to OLE LYNGGAARD A/S
  • Share capital changed from 200,000 DKK to 500,000 DKK
20064 changesmanagement 4
  • Niels Erik Michel Normann appointed board member
  • Lars Dybkjær appointed board member
  • Karin Lynggaard stepped down as board member
  • Per Boe Larsen stepped down as board member
20032 changesmanagement 2
  • Charlotte Lynggaard appointed director
  • Søren Ole Lynggaard appointed ceo
19963 changescapital 1 · management 2
  • Share capital changed from 100,000 DKK to 200,000 DKK
  • Søren Ole Lynggaard appointed board member
  • Charlotte Lynggaard appointed board member
19775 changesfounded 1 · management 4
  • Registered as OLE LYNGGAARD ApS
  • Karin Lynggaard appointed board member
  • Ole Lynggaard appointed director
  • Peter Granzow appointed board member
  • Per Boe Larsen appointed board member

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Same people in management

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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.

View in CVRReport a correction