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Panzerglass A/S

Public limited companyCVR 34902380HinnerupActive

Panzerglass A/S is a public limited company, based in Hinnerup, active in wholesale of information and communication equipment, founded in 2013. Net profit fell 93% from 2024 to 2025, ending at DKK 1.5m. With 58 employees, the company is about 12 times larger than the industry median. Equity fell to DKK 36.7m in 2025.

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Key figures · financial year 2025

Gross profitDKK 119.9m+3% vs. 2024
Net profitDKK 1.5m−92.9% vs. 2024
EquityDKK 36.7m−42.8% vs. 2024
Employees58latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 3% (2024 → 2025), to DKK 119.9m.
  • Net profit fell 93% (2024 → 2025), to DKK 1.5m.
  • Equity fell 43% (2024 → 2025), to DKK 36.7m.

Employees

  • 35 fewer employees than a year earlier: 58 (07/2026) against 93 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of information and communication equipment (465000)

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
EquityNet profit
Financial figures for Panzerglass A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit60,02946,22756,334109,780116,414119,940+3%
Operating profit (EBIT)24,6955,0302,99238,85032,01237,128+16%
Profit before tax34,03614,45110,65446,95429,2677,829−73.2%
Net profit29,40112,8999,78838,74621,8221,542−92.9%
Total assets107,408155,313144,965156,607194,833186,515−4.3%
Equity52,63738,58139,96168,16164,23336,729−42.8%
Liabilities54,638116,552104,85588,191125,693148,952+18.5%
Cash and cash equivalents5136651,2217,7475,335322−94%
Average number of employees476566657586+14.7%

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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (543 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 43% from 2024 to 2025 (DKK 64.2m to DKK 36.7m).

    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
Annual reports for Panzerglass A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202523/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202312/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202222/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/06/2021The 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
02040608010008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

543 companies in the database

Comparison with the other companies in wholesale of information and communication equipment based on the latest financial year.

Gross profitDKK 119.9mNo. 23 of 542
Better than 96% of the companies in the industry
EquityDKK 36.7mNo. 75 of 543
Better than 86% of the companies in the industry
Number of employees58No. 38 of 543
Better than 93% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 594k, equity DKK 3.9m, 5 employees.

DKK 100kDKK 1mDKK 10.9mDKK 114.3mDKK 546.2mHere
Distribution of gross profit for 522 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. 466of 4,412
Better than 89%
No. 1,530of 4,466
Better than 66%
Same industry and 50–199 employees46 companies in the comparison
No. 12of 45
Better than 75%
No. 30of 46
Better than 36%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 261of 33,588
Better than 99%
No. 1,513of 33,687
Better than 96%
All companies of type A/S18,025 companies in the comparison
No. 1,321of 17,786
Better than 93%
No. 4,372of 18,024
Better than 76%

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 information and communication equipment
Gross profit
  1. Panzerglass A/SDKK 119.9m
  2. Atea A/SDKK 1.2bn
  3. Siemens AktieselskabDKK 448.5m
Net profit
  1. Panzerglass A/SDKK 1.5m
  2. Atea A/SDKK 2.2m
  3. Siemens AktieselskabDKK 93.5m
Equity
  1. Panzerglass A/SDKK 36.7m
  2. Atea A/SDKK 694.3m
  3. Siemens AktieselskabDKK 279.7m
Employees
  1. Panzerglass A/S58
  2. Atea A/S1,550
  3. Siemens Aktieselskab640

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
Panzerglass A/S

Management

4 active registrations

Executive management

Executive management at Panzerglass A/S
NameRoleAppointed
Jimmy OlsenCEO16/03/2015

Board of directors

Board of directors at Panzerglass A/S
NameRoleAppointed
Johannes Frederik BachChair of the board30/09/2014
Jimmy OlsenBoard member30/09/2014
Kristine BachBoard member30/09/2014
Founders
Juhl Bach Holding ApS
Former management (2)
Former management at Panzerglass A/S
NameRoleAppointedResigned
Jimmy OlsenDirector09/01/201315/03/2015
Kent Hessellund JeppesenBoard member30/09/201420/09/2018

Signing rule: Selskabet tegnes af den samlede bestyrelse eller bestyrelsesformanden i forening med et bestyrelsesmedlem eller af bestyrelsesformanden i forening med den administrerende direktør

Address and production units

1 active production units

Delta 8
8382 Hinnerup

Favrskov Municipality · Postcode 8382

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Panzerglass A/SDelta 8, Søften, 8382 Hinnerup611024165260

Purpose

Selskabets formål er handel og dermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

30 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Wholesale of information and communication equipment (465000)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20222 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Delta 8, Søften, 8382 Hinnerup
20211 changeaccounts 1
  • Annual report for 2020 published
20187 changesaddress 1 · management 1 · ownership 5
  • Moved to Delta 8, Søften, 8382 Hinnerup
  • Kent Hessellund Jeppesen stepped down as board member
  • Klaus Michael Bach registered as owner (15%)
  • Klaus Michael Bach is no longer registered as owner
  • Kristine Bach registered as owner (15%)
  • Kristine Bach is no longer registered as owner
  • KENT H. JEPPESEN HOLDING ApS is no longer registered as owner
20171 changename 1
  • Name changed from PANZER GLASS A/S to PANZERGLASS A/S
20161 changename 1
  • Name changed from RETAIL DISTRIBUTION A/s to PANZER GLASS A/S
20154 changesname 1 · capital 1 · management 2
  • Name changed from RETAIL DISTRIBUTION ApS to RETAIL DISTRIBUTION A/s
  • Share capital changed from 80,000 DKK to 500,000 DKK
  • Jimmy Olsen appointed ceo
  • Jimmy Olsen stepped down as director
20147 changesmanagement 4 · ownership 3
  • Kent Hessellund Jeppesen appointed board member
  • Johannes Frederik Bach appointed chair of the board
  • Jimmy Olsen appointed board member
  • Kristine Bach appointed board member
  • KENT H. JEPPESEN HOLDING ApS registered as owner (20%)
  • JUHL BACH HOLDING ApS registered as owner (66.67%)
  • JMK INVEST ApS registered as owner (20%)
20132 changesfounded 1 · management 1
  • Registered as RETAIL DISTRIBUTION ApS
  • Jimmy Olsen appointed director

Related companies

Same industry in Favrskov

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Same people in management

Largest in the industry

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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