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Palcut A/S

Public limited companyCVR 32283071HolstebroActive

Palcut A/S is a public limited company, based in Holstebro, active in manufacture of paper and paperboard, founded in 2009. Net profit rose 10% from 2024 to 2025, ending at DKK 9.7m.

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Key figures · financial year 2025

Gross profitDKK 30.4m+2.5% vs. 2024
Net profitDKK 9.7m+10.1% vs. 2024
EquityDKK 24.7m+7.6% vs. 2024
Employees31latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 2% (2024 → 2025), to DKK 30.4m.
  • Net profit rose 10% (2024 → 2025), to DKK 9.7m.
  • Equity rose 8% (2024 → 2025), to DKK 24.7m.

Employees

  • 1 fewer employees than a year earlier: 31 (08/2026) against 32 (08/2025).

Management and owners, last 24 months

  • New in management: Josefine Frederikke Mundrup Ive (board member, 12/02/2025), Henrik Broksø Thulesen (chair of the board, 02/06/2025) and Henrik Rosendal Rytter (ceo, 02/06/2025) (+3).
  • Stepped down: Henrik Broksø Thulesen (board member, 01/06/2025), Henrik Broksø Thulesen (ceo, 02/06/2025) and Thomas Holm Jensen (chair of the board, 01/06/2025) (+3).

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
EquityNet profit
Financial figures for Palcut A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit18,96020,88723,19731,00029,66030,387+2.5%
Operating profit (EBIT)6,8658,10810,27412,54512,02014,270+18.7%
Profit before tax6,1667,4209,51211,66811,35212,798+12.7%
Net profit4,8755,8187,4399,1048,8559,749+10.1%
Total assets32,96736,50144,49952,33753,82079,682+48.1%
Equity14,43615,75419,19322,79722,90224,652+7.6%
Liabilities17,54519,66724,01227,87628,90152,552+81.8%
Cash and cash equivalents2,2812962725533676−98.5%
Average number of employees162523283430−11.8%

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 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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35m202020212022202320242025
Gross profitMedian, the industry (7 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 Palcut A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202523/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202316/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202104/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202025/06/2021The 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
051015202530354009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

7 companies in the database

Comparison with the other companies in manufacture of paper and paperboard based on the latest financial year.

Gross profitDKK 30.4mNo. 4 of 7
Better than 50% of the companies in the industry
EquityDKK 24.7mNo. 5 of 7
Better than 33% of the companies in the industry
Number of employees31No. 5 of 7
Better than 33% of the companies in the industry

Industry median: gross profit DKK 30.4m, net profit DKK 11.6m, equity DKK 88.4m, 45 employees.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 20–49 employees9,922 companies in the comparison
No. 1,309of 9,892
Better than 87%
No. 1,454of 9,922
Better than 85%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,332of 24,791
Better than 91%
No. 3,882of 24,909
Better than 84%
All companies of type A/S18,025 companies in the comparison
No. 4,356of 17,786
Better than 76%
No. 5,511of 18,024
Better than 69%

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 paper and paperboard
Gross profit
  1. Palcut A/SDKK 30.4m
  2. Elopak Denmark A/SDKK 101m
  3. Eurowrap A/SDKK 73.7m
Net profit
  1. Palcut A/SDKK 9.7m
  2. Elopak Denmark A/SDKK 18.4m
  3. Eurowrap A/SDKK 17.7m
Equity
  1. Palcut A/SDKK 24.7m
  2. Elopak Denmark A/SDKK 127.6m
  3. Eurowrap A/SDKK 204.9m
Employees
  1. Palcut A/S31
  2. Elopak Denmark A/S324
  3. Eurowrap A/S53

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
  • Kilsmark A/S100%
Palcut A/S

Management

4 active registrations

Executive management

Executive management at Palcut A/S
NameRoleAppointed
Henrik Rosendal RytterCEO02/06/2025

Board of directors

Board of directors at Palcut A/S
NameRoleAppointed
Josefine Frederikke Mundrup IveBoard member12/02/2025
Henrik Broksø ThulesenChair of the board02/06/2025
Sebastian Folden NoesgaardBoard member19/11/2025
Founders
Henrik Broksø Thulesen, Søndermark Holding ApS, C.w. Obel A/S, Industri Udvikling Ii K/S
Former management (18)
Former management at Palcut A/S
NameRoleAppointedResigned
Preben Lindbjerg MehlsenBoard member25/06/200918/01/2010
Jens HedegaardBoard member25/06/200930/06/2011
Rudi Gønther Riis PedersenCEO25/06/200910/02/2021
Henrik Broksø ThulesenChair of the board25/06/200909/02/2021
Lars ChristiansenBoard member25/06/200915/08/2017
Lars BuhlBoard member25/06/200922/09/2017
Mona MajgaardBoard member25/06/200931/05/2010
Peter FalkenhamBoard member07/03/201225/04/2014
Anders Christen ObelBoard member15/08/201723/05/2024
Lars BlavnsfeldtBoard member22/09/201705/08/2019
Thomas Holm JensenBoard member05/08/201909/02/2021
Henrik Broksø ThulesenBoard member10/02/202101/06/2025
Henrik Broksø ThulesenCEO10/02/202102/06/2025
Thomas Holm JensenChair of the board10/02/202101/06/2025
Joan Thorsted ThulesenBoard member10/05/202122/06/2021
Mads NørgaardBoard member23/05/202412/02/2025
Thomas ThulesenBoard member12/02/202509/03/2026
Thomas Holm JensenDeputy chair02/06/202519/11/2025

Signing rule: Selskabet tegnes af bestyrelsesformanden sammen med en direktør, eller af bestyrelsesformanden sammen med et bestyrelsesmedlem, eller af 2 bestyrelsesmedlemmer sammen med en direktør.

Address and production units

1 active production units

Hedegårdvej 13
7500 Holstebro

Holstebro Municipality · Postcode 7500

Production units
Production unitAddressEmployeesP number
Palcut A/SHedegårdvej 13, 7500 Holstebro311015372164

Purpose

Selskabets formål er køb, udlejning og salg af maskiner samt handel med forbrugsvarer.

The purpose is quoted from the register in Danish.

Changes year by year

53 registered events
20262 changesmanagement 1 · accounts 1
  • Thomas Thulesen stepped down as board member
  • Annual report for 2025 published
202512 changesmanagement 11 · accounts 1
  • Sebastian Folden Noesgaard appointed board member
  • Thomas Holm Jensen stepped down as deputy chair
  • Henrik Rosendal Rytter appointed ceo
  • Henrik Broksø Thulesen appointed chair of the board
  • Thomas Holm Jensen appointed deputy chair
  • Henrik Broksø Thulesen stepped down as ceo
  • Henrik Broksø Thulesen stepped down as board member
  • Thomas Holm Jensen stepped down as chair of the board
  • Annual report for 2024 published
  • Thomas Thulesen appointed board member
  • Josefine Frederikke Mundrup Ive appointed board member
  • Mads Nørgaard stepped down as board member
20243 changesmanagement 2 · accounts 1
  • Mads Nørgaard appointed board member
  • Anders Christen Obel stepped down as board member
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20219 changesaccounts 1 · management 8
  • Annual report for 2020 published
  • Joan Thorsted Thulesen stepped down as board member
  • Joan Thorsted Thulesen appointed board member
  • Henrik Broksø Thulesen appointed board member
  • Henrik Broksø Thulesen appointed ceo
  • Thomas Holm Jensen appointed chair of the board
  • Rudi Gønther Riis Pedersen stepped down as ceo
  • Thomas Holm Jensen stepped down as board member
  • Henrik Broksø Thulesen stepped down as chair of the board
20196 changesname 1 · management 2 · ownership 2 · industry 1
  • Name changed from PAL-CUT A/S to Palcut A/S
  • Thomas Holm Jensen appointed board member
  • Lars Blavnsfeldt stepped down as board member
  • Kilsmark A/S registered as owner (100%)
  • MINKPAPIR A/S is no longer registered as owner
  • Industry changed to Manufacture of paper and paperboard (171200)
20174 changesmanagement 4
  • Lars Blavnsfeldt appointed board member
  • Lars Buhl stepped down as board member
  • Anders Christen Obel appointed board member
  • Lars Christiansen stepped down as board member
20141 changemanagement 1
  • Peter Falkenham stepped down as board member
20121 changemanagement 1
  • Peter Falkenham appointed board member
20112 changesownership 1 · management 1
  • MINKPAPIR A/S registered as owner (100%)
  • Jens Hedegaard stepped down as board member
20103 changesmanagement 2 · capital 1
  • Mona Majgaard stepped down as board member
  • Share capital changed from 501,000 DKK to 600,000 DKK
  • Preben Lindbjerg Mehlsen stepped down as board member
20098 changesfounded 1 · management 7
  • Registered as PAL-CUT A/S
  • Lars Buhl appointed board member
  • Lars Christiansen appointed board member
  • Henrik Broksø Thulesen appointed chair of the board
  • Mona Majgaard appointed board member
  • Rudi Gønther Riis Pedersen appointed ceo
  • Jens Hedegaard appointed board member
  • Preben Lindbjerg Mehlsen 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