Paa Project Finance A/S
Public limited companyCVR 14853448GlostrupActive
Paa Project Finance A/S is a public limited company, based in Glostrup, active in other activities auxiliary to financial services, except insurance and pension funding, founded in 1990. Net profit fell 60% from 2024 to 2025, ending at DKK 1.2m. Equity fell to DKK 7.8m in 2025. 6 people are registered in the company's management and ownership.
Key figures · financial year 2025
Gross profitDKK 5.5m−22.8% vs. 2024
Net profitDKK 1.2m−60% vs. 2024
EquityDKK 7.8m−32.6% vs. 2024
Employees2latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 23% (2024 → 2025), to DKK 5.5m.
- Net profit fell 60% (2024 → 2025), to DKK 1.2m.
- Equity fell 33% (2024 → 2025), to DKK 7.8m.
Registrations, last 24 months
- 14/04/2026: Moved to Ejby Industrivej 41, 2600 Glostrup
- 01/01/2025: Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 16,595 | 19,513 | 17,895 | 10,155 | 7,066 | 5,456 | −22.8% |
| Operating profit (EBIT) | 13,907 | 16,268 | 13,862 | 6,157 | 3,263 | 1,307 | −59.9% |
| Profit before tax | 13,787 | 16,297 | 13,571 | 6,689 | 4,005 | 1,641 | −59% |
| Net profit | 10,746 | 12,707 | 10,567 | 5,191 | 3,085 | 1,233 | −60% |
| Total assets | 26,990 | 25,649 | 27,793 | 22,269 | 19,143 | 14,454 | −24.5% |
| Equity | 18,704 | 20,853 | 17,608 | 13,470 | 11,555 | 7,788 | −32.6% |
| Liabilities | 7,948 | 4,796 | 10,185 | 8,799 | 7,588 | 6,666 | −12.2% |
| Cash and cash equivalents | 34 | 2 | 0 | 0 | 0 | 0 | – |
| Average number of employees | 2 | 3 | 3 | 2 | 2 | 2 | 0% |
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, 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
Signals from the financial statements
calculated from the 2025 figuresEquity fell sharply
Equity fell 33% from 2024 to 2025 (DKK 11.6m to DKK 7.8m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/10/2024 – 30/09/2025 | 02/02/2026 | The company | PDF not statedXBRL |
| 2024 | 01/10/2023 – 30/09/2024 | 20/02/2025 | The company | PDF not statedXBRL |
| 2023 | 01/10/2022 – 30/09/2023 | 06/03/2024 | The company | PDF not statedXBRL |
| 2022 | 01/10/2021 – 30/09/2022 | 03/02/2023 | The company | PDF not statedXBRL |
| 2021 | 01/10/2020 – 30/09/2021 | 15/02/2022 | The company | PDFXBRL |
| 2020 | 01/10/2019 – 30/09/2020 | 16/02/2021 | The company | 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
136 companies in the databaseComparison with the other companies in other activities auxiliary to financial services, except insurance and pension funding based on the latest financial year.
Gross profitDKK 5.5mNo. 50 of 133
Better than 63% of the companies in the industry
EquityDKK 7.8mNo. 41 of 136
Better than 70% of the companies in the industry
Number of employees2No. 86 of 136
Better than 37% of the companies in the industry
Industry median: gross profit DKK 3.2m, net profit DKK 326k, equity DKK 2.7m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 12,067of 69,742 Better than 83% | No. 10,677of 69,964 Better than 85% |
| Same industry and fewer than 20 employees112 companies in the comparison | No. 30of 111 Better than 74% | No. 27of 112 Better than 77% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 5,453of 10,152 Better than 46% | No. 5,294of 10,275 Better than 48% |
| All companies of type A/S18,025 companies in the comparison | No. 11,599of 17,786 Better than 35% | No. 9,754of 18,024 Better than 46% |
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 activities auxiliary to financial services, except insurance and pension fundingGross profit
- Paa Project Finance A/SDKK 5.5m
- BEC Financial Technologies a.m.b.a.DKK 2.1bn
- Mastercard Payment Services Denmark A/SDKK 609.7m
Net profit
- Paa Project Finance A/SDKK 1.2m
- BEC Financial Technologies a.m.b.a.DKK 39.7m
- Mastercard Payment Services Denmark A/SDKK 747m
Equity
- Paa Project Finance A/SDKK 7.8m
- BEC Financial Technologies a.m.b.a.DKK 1.4bn
- Mastercard Payment Services Denmark A/SDKK 1.5bn
Employees
- Paa Project Finance A/S2
- BEC Financial Technologies a.m.b.a.851
- Mastercard Payment Services Denmark A/S276
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterPaa Project Finance A/S
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Anne Ulderup | Director | 08/07/2020 |
| Knud Kjærgaard Christensen | Director | 08/07/2020 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Mogens Vedel Hestbæk | Board member | 01/11/2017 |
| Jesper Kristian Jacobsen | Chair of the board | 01/10/2018 |
| Christian Trier | Board member | 18/06/2024 |
- Founders
- Scandinavian Joint Shipping Service ApS, Dumex Nutrition Ltd. A/S, Det Østasiatiske Kompagni A/S
Former management (25)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Vibeke Holbøll | Board member | 12/10/1990 | 08/02/1995 |
| Svend Aage Asger Larsen | Board member | 12/10/1990 | 08/02/1995 |
| Svend Aage Asger Larsen | Director | 12/10/1990 | 08/02/1995 |
| Rene Schwartz Hansen | Director | 12/10/1990 | 01/05/2002 |
| Hans Peter Holst | Board member | 12/10/1990 | 19/03/1998 |
| Hans Christen Jensen | Board member | 12/10/1990 | 29/05/1996 |
| Carsten Dencker Nielsen | Chair of the board | 12/10/1990 | 04/06/1999 |
| Karsten Borch | Board member | 29/05/1996 | 31/12/1998 |
| Niels Henrik Jensen | Chair of the board | 04/06/1999 | 14/09/2007 |
| Preben Kim Toft | Board member | 04/06/1999 | 14/09/2007 |
| Poul Christian Gowers Lund | Board member | 01/05/2002 | 14/09/2007 |
| Preben Kim Toft | Director | 01/05/2002 | 14/09/2007 |
| Rene Schwartz Hansen | Board member | 28/01/2003 | 07/05/2007 |
| John Szygenda | Director | 14/09/2007 | 01/12/2011 |
| Viggo Dam Hansen | Board member | 14/09/2007 | 01/12/2011 |
| Ole Steen Christensen | Board member | 01/12/2011 | 07/10/2013 |
| Ole Steen Christensen | Director | 01/12/2011 | 07/10/2013 |
| John Szygenda | Chair of the board | 01/12/2011 | 01/11/2017 |
| Hans Ingvard Christensen | Board member | 01/12/2011 | 01/11/2017 |
| Kurt Peter Carlsen | Board member | 07/10/2013 | 01/11/2017 |
| Kurt Peter Carlsen | Director | 07/10/2013 | 01/11/2017 |
| Ebbe Malte Iversen | Board member | 01/11/2017 | 30/09/2018 |
| Lars Carlsen | Board member | 01/11/2017 | 08/07/2020 |
| Lars Carlsen | Director | 01/11/2017 | 08/07/2020 |
| Nicolai Schultz | Board member | 08/07/2020 | 18/06/2024 |
Signing rule: virksomheden tegnes af én direktør og et bestyrelsesmedlem i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsEjby Industrivej 41
2600 Glostrup
Glostrup Municipality · Postcode 2600
Other companies at the address (1)
- Petri & Haugsted A/SConstruction of utility projects for fluids
| Production unit | Address | Employees | P number |
|---|---|---|---|
| PAA PROJECT FINANCE A/S | Ejby Industrivej 41, 2600 Glostrup | 2 | 1010768426 |
Purpose
Selskabets formål er at drive handel samt anden dermed i forbindelse stående virksomhed, i Danmark og internationalt, alt efter bestyrelsens nærmere bestemmelse.
The purpose is quoted from the register in Danish.
Changes year by year
83 registered events02015
02016
82017
32018
12019
52020
12021
12022
12023
32024
22025
22026
20262 changesaddress 1 · accounts 1
- AddressMoved to Ejby Industrivej 41, 2600 Glostrup
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20243 changesmanagement 2 · accounts 1
- ManagementChristian Trier appointed board member
- ManagementNicolai Schultz stepped down as board member
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20205 changesmanagement 5
- ManagementNicolai Schultz appointed board member
- ManagementKnud Kjærgaard Christensen appointed director
- ManagementAnne Ulderup appointed director
- ManagementLars Carlsen stepped down as board member
- ManagementLars Carlsen stepped down as director
20191 changeaddress 1
- AddressMoved to Industriholmen 2, 2650 Hvidovre
20183 changesaddress 1 · management 2
- AddressMoved to Industriholmen 2, 2650 Hvidovre
- ManagementJesper Kristian Jacobsen appointed chair of the board
- ManagementEbbe Malte Iversen stepped down as board member
20178 changesmanagement 8
- ManagementLars Carlsen appointed board member
- ManagementMogens Vedel Hestbæk appointed board member
- ManagementLars Carlsen appointed director
- ManagementEbbe Malte Iversen appointed board member
- ManagementKurt Peter Carlsen stepped down as director
- ManagementKurt Peter Carlsen stepped down as board member
- ManagementJohn Szygenda stepped down as chair of the board
- ManagementHans Ingvard Christensen stepped down as board member
20136 changesmanagement 4 · name 1 · capital 1
- ManagementKurt Peter Carlsen appointed director
- ManagementKurt Peter Carlsen appointed board member
- ManagementOle Steen Christensen stepped down as board member
- ManagementOle Steen Christensen stepped down as director
- NameName changed from EAC TRADING LTD. A/S to PAA PROJECT FINANCE A/S
- CapitalShare capital changed from 15,000,000 DKK to 1,000,000 DKK
20121 changeindustry 1
- IndustryIndustry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20116 changesmanagement 6
- ManagementOle Steen Christensen appointed board member
- ManagementOle Steen Christensen appointed director
- ManagementJohn Szygenda appointed chair of the board
- ManagementHans Ingvard Christensen appointed board member
- ManagementViggo Dam Hansen stepped down as board member
- ManagementJohn Szygenda stepped down as director
20101 changeaddress 1
- AddressMoved to Industriholmen 2, 2650 Hvidovre
20081 changeindustry 1
- IndustryIndustry changed to Anlæg af ledningsnet (422000)
200712 changesaddress 2 · industry 2 · management 7 · ownership 1
- AddressMoved to Lokesvej 15, 8230 Åbyhøj
- IndustryIndustry changed to Bygge- og anlægsentreprenører (bortset fra nedrivnings- og jordarbejdsentreprenører) (452100)
- AddressMoved to Lokesvej 15, 8230 Åbyhøj
- ManagementViggo Dam Hansen appointed board member
- ManagementJohn Szygenda appointed director
- ManagementPoul Christian Gowers Lund stepped down as board member
- ManagementPreben Kim Toft stepped down as director
- ManagementNiels Henrik Jensen stepped down as chair of the board
- ManagementPreben Kim Toft stepped down as board member
- OwnershipPer Aarsleff Holding A/S registered as owner (100%)
- IndustryIndustry changed to Engroshandel med træ, trælast og byggematerialer (515310)
- ManagementRene Schwartz Hansen stepped down as board member
20032 changesmanagement 1 · industry 1
- ManagementRene Schwartz Hansen appointed board member
- IndustryIndustry changed to Not stated (980000)
20023 changesmanagement 3
- ManagementPoul Christian Gowers Lund appointed board member
- ManagementPreben Kim Toft appointed director
- ManagementRene Schwartz Hansen stepped down as director
20012 changesaddress 1 · merger 1
- AddressMoved to Indiakaj 20, 2100 København Ø
- MergerMerger registered in CVR
19993 changesmanagement 3
- ManagementNiels Henrik Jensen appointed chair of the board
- ManagementPreben Kim Toft appointed board member
- ManagementCarsten Dencker Nielsen stepped down as chair of the board
19982 changesmanagement 2
- ManagementKarsten Borch stepped down as board member
- ManagementHans Peter Holst stepped down as board member
19972 changescapital 2
- CapitalShare capital changed from 5,000,000 DKK to 15,000,000 DKK
- CapitalShare capital changed from 500,000 DKK to 5,000,000 DKK
19963 changescapital 1 · management 2
- CapitalShare capital changed from 300,000 DKK to 500,000 DKK
- ManagementKarsten Borch appointed board member
- ManagementHans Christen Jensen stepped down as board member
19954 changesname 1 · management 3
- NameName changed from SJP A/S to EAC TRADING LTD. A/S
- ManagementSvend Aage Asger Larsen stepped down as board member
- ManagementSvend Aage Asger Larsen stepped down as director
- ManagementVibeke Holbøll stepped down as board member
19908 changesfounded 1 · management 7
- FoundedRegistered as SJP A/S
- ManagementCarsten Dencker Nielsen appointed chair of the board
- ManagementHans Christen Jensen appointed board member
- ManagementHans Peter Holst appointed board member
- ManagementSvend Aage Asger Larsen appointed board member
- ManagementSvend Aage Asger Larsen appointed director
- ManagementVibeke Holbøll appointed board member
- ManagementRene Schwartz Hansen appointed director
Related companies
Same people in management
- Per Aarsleff A/Svia Ebbe Malte Iversen
- MT Højgaard Danmark A/Svia Lars Carlsen
- Wicotec Kirkebjerg A/Svia Ebbe Malte Iversen
- Aarsleff Rail A/Svia Ebbe Malte Iversen
- ECCO Sko A/Svia Karsten Borch
- CG Jensen A/Svia Christian Trier
Largest in the industry
- BEC Financial Technologies a.m.b.a.DKK 2.1bn
- Mastercard Payment Services Denmark A/SDKK 609.7m
- VP Securities A/SDKK 534.2m
- Pleo Financial Services A/SDKK 259m
- Framm ApSDKK 131.9m
- Scalepoint Technologies Denmark A/SDKK 107.5m
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.