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Pagaard Elektro A/S

Public limited companyCVR 14805605GiveActive

Pagaard Elektro A/S is a public limited company, based in Give, active in electrical installation, founded in 1990. Net profit fell 48% from 2025 to 2026, ending at DKK 4m. With 19 employees, the company is about 3 times larger than the industry median. Equity fell to DKK 11.1m in 2026.

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Key figures · financial year 2026

Gross profitDKK 14.7m−31.4% vs. 2025
Net profitDKK 4m−48.4% vs. 2025
EquityDKK 11.1m−25.6% vs. 2025
Employees19latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 31% (2025 → 2026), to DKK 14.7m.
  • Net profit fell 48% (2025 → 2026), to DKK 4m.
  • Equity fell 26% (2025 → 2026), to DKK 11.1m.

Employees

  • 1 more employees than a year earlier: 19 (08/2026) against 18 (08/2025).

Management and owners, last 24 months

  • New in management: Lars Meyer Hansen (chair of the board, 01/10/2026) and Emil Schnedler Pedersen (board member, 01/10/2026).
  • Stepped down: Flemming Krojgård Lund (chair of the board, 01/10/2026) and Lars Meyer Hansen (board member, 30/09/2026).
  • New owners registered: Hindskov Holding ApS (29/09/2026) and Rosenlund Holding Thyregodlund ApS (29/09/2026).
  • No longer registered as owner: Hindskov Holding ApS (28/09/2026), Rosenlund Holding Thyregodlund ApS (28/09/2026) and Flemming Lund, Horsens, Holding ApS (29/09/2026).

Registrations, last 24 months

  • 26/05/2025: Moved to Søndergade 60, Thyregod, 7323 Give

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 2021–2026 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202120222023202420252026
EquityNet profit
Financial figures for Pagaard Elektro A/S
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit13,91414,43215,82919,64821,43914,714−31.4%
Operating profit (EBIT)3,9524,5675,2046,58110,3345,129−50.4%
Profit before tax4,1754,3225,1866,85410,1355,133−49.4%
Net profit3,2553,3704,0455,3467,7423,993−48.4%
Total assets18,09018,93121,60628,80825,76815,960−38.1%
Equity8,3798,7499,79311,63914,88111,073−25.6%
Liabilities9,66010,11410,60316,26310,5754,455−57.9%
Cash and cash equivalents6,4405,6757,90312,7527,4722,957−60.4%
Average number of employees212019222120−4.8%

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 2021, 2022, 2023, 2024, 2025, 2026: 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 5mDKK 10mDKK 15mDKK 20m202120222023202420252026
Gross profitMedian, the industry (1,291 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Profit 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
Annual reports for Pagaard Elektro A/S
Financial yearPeriodPublishedFigures forDocuments
202601/05/2025 – 30/04/202602/07/2026The companyPDF not statedXBRL
202501/05/2024 – 30/04/202528/06/2025The companyPDF not statedXBRL
202401/05/2023 – 30/04/202407/07/2024The companyPDFXBRL
202301/05/2022 – 30/04/202326/06/2023The companyPDFXBRL
202201/05/2021 – 30/04/202202/09/2022The companyPDFXBRL
202101/05/2020 – 30/04/202101/09/2021The companyPDFXBRL

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
051015202509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,291 companies in the database

Comparison with the other companies in electrical installation based on the latest financial year.

Gross profitDKK 14.7mNo. 215 of 1,290
Better than 83% of the companies in the industry
EquityDKK 11.1mNo. 106 of 1,291
Better than 92% of the companies in the industry
Number of employees19No. 249 of 1,291
Better than 81% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 321k, equity DKK 1.4m, 6 employees.

DKK 100kDKK 1.2mDKK 14.6mDKK 176mDKK 926.4mHere
Distribution of gross profit for 1,272 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. 2,493of 69,742
Better than 96%
No. 8,485of 69,964
Better than 88%
Same industry and fewer than 20 employees993 companies in the comparison
No. 11of 993
Better than 99%
No. 13of 993
Better than 99%
Companies that are at least 30 years old10,276 companies in the comparison
No. 3,402of 10,152
Better than 66%
No. 4,536of 10,275
Better than 56%
All companies of type A/S18,025 companies in the comparison
No. 7,271of 17,786
Better than 59%
No. 8,348of 18,024
Better than 54%

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

Electrical installation
Gross profit
  1. Pagaard Elektro A/SDKK 14.7m
  2. Bravida Danmark A/SDKK 2.1bn
  3. Kemp & Lauritzen A/SDKK 2bn
Net profit
  1. Pagaard Elektro A/SDKK 4m
  2. Bravida Danmark A/SDKK 160.3m
  3. Kemp & Lauritzen A/SDKK 2.6m
Equity
  1. Pagaard Elektro A/SDKK 11.1m
  2. Bravida Danmark A/SDKK 629m
  3. Kemp & Lauritzen A/SDKK 588.4m
Employees
  1. Pagaard Elektro A/S19
  2. Bravida Danmark A/S3,163
  3. Kemp & Lauritzen A/S2,868

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
  • Hindskov Holding ApS33.33%
  • Rosenlund Holding Thyregodlund ApS33.33%
Pagaard Elektro A/S

Management

4 active registrations

Executive management

Executive management at Pagaard Elektro A/S
NameRoleAppointed
Torben Guldahl LundDirector30/08/2007

Board of directors

Board of directors at Pagaard Elektro A/S
NameRoleAppointed
Torben Guldahl LundBoard member07/11/2001
Lars Meyer HansenChair of the board01/10/2026
Emil Schnedler PedersenBoard member01/10/2026
Founders
Claus Vinter Poulsen, Henning Krøjgaard Lund, Kurt Engmark Mortensen, Kjeld Knudsen, Frank Leon Olesen, Børge Hansen, Erling Jørgensen, Cecilie Løvet Bøje, Christian Leth, Ole Arp Nielsen, Sabine Soenke Jørgensen, Casper Engelbredt
Former management (11)
Former management at Pagaard Elektro A/S
NameRoleAppointedResigned
Henning Krøjgaard LundBoard member25/10/199030/06/2010
Henning Krøjgaard LundDirector25/10/199030/07/2007
Frank Leon OlesenBoard member25/10/199004/04/1995
Birtha Petersen LundBoard member25/10/199007/11/2001
Christian LethBoard member25/10/199004/04/1995
Ole Arp NielsenBoard member25/10/199004/04/1995
Ole Arp NielsenDirector25/10/199004/04/1995
Flemming Krojgård LundChair of the board25/10/199001/10/2026
Casper EngelbredtBoard member25/10/199012/07/1993
Steen AndersenBoard member01/05/199712/09/2018
Lars Meyer HansenBoard member30/06/201030/09/2026

Signing rule: Selskabet tegnes af en direktør og af et medlem af bestyrelsen i forening.

Address and production units

1 active production units

Søndergade 60
7323 Give

Vejle Municipality · Postcode 7323

Production units
Production unitAddressEmployeesP number
PAGAARD ELEKTRO A/SSøndergade 60, Thyregod, 7323 Give191001589829

Purpose

Selskabets formål er at drive elinstallationsvirksomhed, salg af hårde hvidevarer, belysninger og anden i forbindelse hermed stående handelsvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

47 registered events
202610 changesmanagement 4 · ownership 5 · accounts 1
  • Lars Meyer Hansen appointed chair of the board
  • Emil Schnedler Pedersen appointed board member
  • Flemming Krojgård Lund stepped down as chair of the board
  • Lars Meyer Hansen stepped down as board member
  • HINDSKOV HOLDING ApS registered as owner (33.33%)
  • ROSENLUND HOLDING THYREGODLUND ApS registered as owner (33.33%)
  • FLEMMING LUND, HORSENS, HOLDING ApS is no longer registered as owner
  • HINDSKOV HOLDING ApS is no longer registered as owner
  • ROSENLUND HOLDING THYREGODLUND ApS is no longer registered as owner
  • Annual report for 2026 published
20252 changesaccounts 1 · address 1
  • Annual report for 2025 published
  • Moved to Søndergade 60, Thyregod, 7323 Give
20241 changeaccounts 1
  • Annual report for 2024 published
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
20181 changemanagement 1
  • Steen Andersen stepped down as board member
20172 changesownership 2
  • FLEMMING LUND, HORSENS, HOLDING ApS registered as owner (25%)
  • FLEMMING LUND, HORSENS, HOLDING ApS is no longer registered as owner
20113 changesownership 3
  • FLEMMING LUND, HORSENS, HOLDING ApS registered as owner (66.67%)
  • HINDSKOV HOLDING ApS registered as owner (25%)
  • ROSENLUND HOLDING THYREGODLUND ApS registered as owner (25%)
20102 changesmanagement 2
  • Lars Meyer Hansen appointed board member
  • Henning Krøjgaard Lund stepped down as board member
20073 changesmanagement 2 · address 1
  • Torben Guldahl Lund appointed director
  • Henning Krøjgaard Lund stepped down as director
  • Moved to Borgergade 16, Thyregod, 7323 Give
20012 changesmanagement 2
  • Torben Guldahl Lund appointed board member
  • Birtha Petersen Lund stepped down as board member
19972 changesname 1 · management 1
  • Name changed from PURHØJ HORSENS ApS to PAGAARD ELEKTRO A/S
  • Steen Andersen appointed board member
19955 changesname 1 · management 4
  • Name changed from VALUTA INVEST 5 AF 25.10.1990 ApS to PURHØJ HORSENS ApS
  • Ole Arp Nielsen stepped down as director
  • Frank Leon Olesen stepped down as board member
  • Christian Leth stepped down as board member
  • Ole Arp Nielsen stepped down as board member
19931 changemanagement 1
  • Casper Engelbredt stepped down as board member
199010 changesfounded 1 · management 9
  • Registered as VALUTA INVEST 5 AF 25.10.1990 ApS
  • Ole Arp Nielsen appointed director
  • Henning Krøjgaard Lund appointed board member
  • Casper Engelbredt appointed board member
  • Flemming Krojgård Lund appointed chair of the board
  • Henning Krøjgaard Lund appointed director
  • Frank Leon Olesen appointed board member
  • Birtha Petersen Lund appointed board member
  • Christian Leth appointed board member
  • Ole Arp Nielsen appointed board member

Related companies

Same industry in Vejle

See all →

Same people in management

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