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Provag ApS

Private limited companyCVR 31586690LøsningActive

Provag ApS is a private limited company, based in Løsning, active in wholesale of hardware, heating equipment and supplies, founded in 2008. Net profit fell 42% from 2024 to 2025, ending at DKK 677k. Equity fell to DKK 1.7m in 2025.

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Key figures · financial year 2025

Gross profitDKK 3.6m+3.6% vs. 2024
Net profitDKK 677k−42% vs. 2024
EquityDKK 1.7m−45.9% vs. 2024
Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 4% (2024 → 2025), to DKK 3.6m.
  • Net profit fell 42% (2024 → 2025), to DKK 677k.
  • Equity fell 46% (2024 → 2025), to DKK 1.7m.

Management and owners, last 24 months

  • New in management: Timmy Lünell Bendixen (director, 25/06/2025) and Tommy Olsen (director, 25/06/2025).
  • Stepped down: Vagn Herluf Mørk Jørgensen (director, 25/06/2025).
  • New owners registered: TLB Holding Odense ApS (01/06/2025) and Bendixen & Olsen Holding Hedensted ApS (01/06/2025).
  • No longer registered as owner: Vagn H. Jørgensen Holding ApS (25/06/2025).

Registrations, last 24 months

  • 26/11/2024: Moved to Lundagervej 112, 8723 Løsning

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 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5mDKK 3m202020212022202320242025
EquityNet profit
Financial figures for Provag ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,2741,8942,0303,2063,4383,562+3.6%
Operating profit (EBIT)8012393651,4321,5591,011−35.1%
Profit before tax7291652391,3111,501887−40.9%
Net profit5671271861,0211,168677−42%
Total assets4,4474,3444,9516,6646,1426,436+4.8%
Equity1,0801,0271,2142,2353,1031,680−45.9%
Liabilities3,3673,3173,7384,4293,0264,739+56.6%
Cash and cash equivalents1111110%
Average number of employees333334+33.3%

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 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7mDKK 8m202020212022202320242025
Gross profitMedian, the industry (219 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 46% from 2024 to 2025 (DKK 3.1m to DKK 1.7m).

    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 Provag ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202402/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202223/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202102/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202023/04/2021The 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
0123456709/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

219 companies in the database

Comparison with the other companies in wholesale of hardware, heating equipment and supplies based on the latest financial year.

Gross profitDKK 3.6mNo. 147 of 217
Better than 32% of the companies in the industry
EquityDKK 1.7mNo. 178 of 219
Better than 19% of the companies in the industry
Number of employees5No. 146 of 219
Better than 33% of the companies in the industry

Industry median: gross profit DKK 6.9m, net profit DKK 840k, equity DKK 6.4m, 8 employees.

DKK 154kDKK 1.4mDKK 12.4mDKK 111.2mDKK 480.2mHere
Distribution of gross profit for 208 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. 19,286of 69,742
Better than 72%
No. 26,643of 69,964
Better than 62%
Same industry and fewer than 20 employees167 companies in the comparison
No. 97of 167
Better than 42%
No. 127of 167
Better than 24%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 11,899of 24,791
Better than 52%
No. 15,504of 24,909
Better than 38%
All companies of type ApS66,508 companies in the comparison
No. 19,212of 66,379
Better than 71%
No. 22,667of 66,505
Better than 66%

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 hardware, heating equipment and supplies
Gross profit
  1. Provag ApSDKK 3.6m
  2. Saint-gobain Distribution Denmark A/SDKK 997.9m
  3. Ahlsell Danmark A/SDKK 730.1m
Net profit
  1. Provag ApSDKK 677k
  2. Saint-gobain Distribution Denmark A/SDKK 4.7m
  3. Ahlsell Danmark A/S−DKK 26.6m
Equity
  1. Provag ApSDKK 1.7m
  2. Saint-gobain Distribution Denmark A/SDKK 399.2m
  3. Ahlsell Danmark A/SDKK 611m
Employees
  1. Provag ApS5
  2. Saint-gobain Distribution Denmark A/S822
  3. Ahlsell Danmark A/S764

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
  • 2 Holding Hedensted ApS5%
  • TLB Holding Odense ApS5%
  • Bendixen & Olsen Holding Hedensted ApS90%
Provag ApS

Management

2 active registrations

Executive management

Executive management at Provag ApS
NameRoleAppointed
Timmy Lünell BendixenDirector25/06/2025
Tommy OlsenDirector25/06/2025
Founders
Vagn Herluf Mørk Jørgensen
Former management (1)
Former management at Provag ApS
NameRoleAppointedResigned
Vagn Herluf Mørk JørgensenDirector23/06/200825/06/2025

Signing rule: Selskabet tegnes af to direktører i forening.

Address and production units

1 active production units

Lundagervej 112
8723 Løsning

Hedensted Municipality · Postcode 8723

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
PROVAG ApSLundagervej 112, 8723 Løsning51014548781

Purpose

Selskabets formål er engroshandel

The purpose is quoted from the register in Danish.

Changes year by year

24 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20257 changesmanagement 3 · ownership 3 · accounts 1
  • Timmy Lünell Bendixen appointed director
  • Tommy Olsen appointed director
  • Vagn Herluf Mørk Jørgensen stepped down as director
  • VAGN H. JØRGENSEN HOLDING ApS is no longer registered as owner
  • Annual report for 2024 published
  • TLB Holding Odense ApS registered as owner (5%)
  • Bendixen & Olsen Holding Hedensted ApS registered as owner (90%)
20246 changesaddress 2 · ownership 3 · accounts 1
  • Moved to Lundagervej 112, 8723 Løsning
  • Moved to Lundagervej 112, 8723 Løsning
  • 2 Holding Hedensted ApS registered as owner (5%)
  • Tommy Olsen is no longer registered as owner
  • Annual report for 2023 published
  • Tommy Olsen registered as owner (5%)
20232 changesaddress 1 · accounts 1
  • Moved to Lundagervej 112, 8723 Løsning
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20191 changeaddress 1
  • Moved to Lundagervej 112, 8723 Løsning
20121 changeaddress 1
  • Moved to Lundagervej 112, 8723 Løsning
20084 changesindustry 1 · ownership 1 · founded 1 · management 1
  • Industry changed to Engroshandel med isenkram, varmeanlæg og tilbehør (467400)
  • VAGN H. JØRGENSEN HOLDING ApS registered as owner (100%)
  • Registered as PROVAG ApS
  • Vagn Herluf Mørk Jørgensen appointed director

Related companies

Same industry in Hedensted

See all →

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