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Refine Finishing ApS

Private limited companyCVR 35041966SlagelseActive

Refine Finishing ApS is a private limited company, based in Slagelse, active in manufacture of other special-purpose machinery n.e.c., founded in 2013. Equity was negative at the end of 2025 (−DKK 39.3m). The company made a loss in both 2024 and 2025, most recently DKK 2.3m.

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Key figures · financial year 2025

Gross profit−DKK 2.2m+29.3% vs. 2024
Net profit−DKK 2.3m+56.5% vs. 2024
Equity−DKK 39.3m−6.2% vs. 2024
Employees8latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss got smaller: from DKK 5.3m to DKK 2.3m (2024 → 2025).

Employees

  • 7 more employees than a year earlier: 8 (05/2024) against 1 (05/2023).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of other special-purpose machinery n.e.c. (289900)

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 40m−DKK 35m−DKK 30m−DKK 25m−DKK 20m−DKK 15m−DKK 10m−DKK 5mDKK 0202020212022202320242025
EquityNet profit
Financial figures for Refine Finishing ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1672,1792,598−3,936−3,078−2,177+29.3%
Operating profit (EBIT)−5,794−2,943−3,100−8,403−5,713−2,165+62.1%
Profit before tax−6,273−3,821−4,410−9,809−6,786−2,954+56.5%
Net profit−4,897−2,984−3,453−7,819−5,302−2,305+56.5%
Total assets9,32013,57824,48228,49421,22722,164+4.4%
Equity−17,485−20,469−23,922−31,741−37,043−39,349−6.2%
Liabilities26,65234,04748,40460,23558,27061,513+5.6%
Cash and cash equivalents1110–––
Average number of employees9810640−100%

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 4m−DKK 2mDKK 0DKK 2mDKK 4m202020212022202320242025
Gross profitMedian, the industry (182 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 39.3m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Refine Finishing ApS
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202527/12/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202403/01/2025The companyPDFXBRL
202301/07/2022 – 30/06/202331/12/2023The companyPDFXBRL
202201/07/2021 – 30/06/202230/12/2022The companyPDFXBRL
202101/07/2020 – 30/06/202106/12/2021The companyPDFXBRL
202001/07/2019 – 30/06/202011/12/2020The 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
0246810121406/2107/2108/2109/2110/2111/2112/2101/2202/2203/2204/2205/2206/2207/2208/2209/2210/2211/2212/2201/2302/2303/2304/2305/2306/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/24
Employees

Position in the industry

182 companies in the database

Comparison with the other companies in manufacture of other special-purpose machinery n.e.c. based on the latest financial year.

Gross profit−DKK 2.2mNo. 180 of 182
Better than 1% of the companies in the industry
Equity−DKK 39.3mNo. 179 of 182
Better than 2% of the companies in the industry
Number of employees8No. 171 of 182
Better than 6% of the companies in the industry

Industry median: gross profit DKK 4.3m, net profit DKK 131k, equity DKK 3.4m, 7 employees.

DKK 100kDKK 860kDKK 7.4mDKK 63.5mDKK 266.7m
Distribution of gross profit for 159 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. 69,226of 69,742
Better than 1%
No. 69,877of 69,964
Better than 0%
Same industry and fewer than 20 employees137 companies in the comparison
No. 136of 137
Better than 1%
No. 137of 137
Better than 0%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,302of 33,588
Better than 1%
No. 33,591of 33,687
Better than 0%
All companies of type ApS66,508 companies in the comparison
No. 65,961of 66,379
Better than 1%
No. 66,412of 66,505
Better than 0%

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 other special-purpose machinery n.e.c.
Gross profit
  1. Refine Finishing ApS−DKK 2.2m
  2. Teradyne Robotics A/SDKK 546.3m
  3. Enabl A/SDKK 418m
Net profit
  1. Refine Finishing ApS−DKK 2.3m
  2. Teradyne Robotics A/S−DKK 615.8m
  3. Enabl A/S−DKK 15.4m
Equity
  1. Refine Finishing ApS−DKK 39.3m
  2. Teradyne Robotics A/SDKK 945.3m
  3. Enabl A/SDKK 54.8m
Employees
  1. Refine Finishing ApS8
  2. Teradyne Robotics A/S579
  3. Enabl A/S157

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
  • Nilpeter Holding ApS100%
Refine Finishing ApS

Management

1 active registrations

Executive management

Executive management at Refine Finishing ApS
NameRoleAppointed
Peter EriksenDirector22/11/2022
Auditor
Kreston CM Statsautoriseret Revisions interessentskab
Founders
Bjarke Gerdes-Nielsen, Michael Astrup
Former management (13)
Former management at Refine Finishing ApS
NameRoleAppointedResigned
Bjarke Gerdes-NielsenDirector01/02/201327/08/2014
Michael AstrupDirector01/02/201307/07/2014
Bjarke Gerdes-NielsenBoard member27/08/201422/11/2022
Gregers CotzandBoard member27/08/201427/02/2017
Gregers CotzandCEO27/08/201428/02/2017
Søren PedersenChair of the board27/08/201427/02/2017
Gregers CotzandChair of the board28/02/201713/07/2018
Søren PedersenBoard member28/02/201713/07/2018
Søren PedersenCEO28/02/201713/07/2018
Bjarke Gerdes-NielsenCEO13/07/201831/12/2018
Peter EriksenChair of the board13/07/201822/11/2022
Bjarke Gerdes-NielsenDirector01/01/201922/11/2022
Henrik Vang HaagensenCEO01/01/201911/12/2019

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Elmedalsvej 20
4200 Slagelse

Slagelse Municipality · Postcode 4200

Production units
Production unitAddressEmployeesP number
Refine Finishing ApSElmedalsvej 20, 4200 Slagelse81018270826

Purpose

Selskabets formål er at udvikle software og bygge maskiner til den grafiske industri, rulle til rullemaskiner til forskningsbrug og anden produktion og hermed beslægtet aktivitet

The purpose is quoted from the register in Danish.

Changes year by year

51 registered events
20253 changesaccounts 2 · industry 1
  • Annual report for 2025 published
  • Annual report for 2024 published
  • Industry changed to Manufacture of other special-purpose machinery n.e.c. (289900)
20232 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Elmedalsvej 20, 4200 Slagelse
20228 changesaccounts 1 · management 4 · ownership 3
  • Annual report for 2022 published
  • Peter Eriksen appointed director
  • Bjarke Gerdes-Nielsen stepped down as director
  • Peter Eriksen stepped down as chair of the board
  • Bjarke Gerdes-Nielsen stepped down as board member
  • NILPETER HOLDING ApS registered as owner (100%)
  • NOBLE LION HOLDING ApS is no longer registered as owner
  • NILPETER HOLDING ApS is no longer registered as owner
20212 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Lejrvej 29, Kirke Værløse, 3500 Værløse
20201 changeaccounts 1
  • Annual report for 2020 published
20198 changesmanagement 3 · ownership 4 · name 1
  • Henrik Vang Haagensen stepped down as ceo
  • NILPETER HOLDING ApS registered as owner (66.67%)
  • NOBLE LION HOLDING ApS registered as owner (25%)
  • NILPETER HOLDING ApS is no longer registered as owner
  • NOBLE LION HOLDING ApS is no longer registered as owner
  • Name changed from WEROSYS ApS to Refine Finishing ApS
  • Henrik Vang Haagensen appointed ceo
  • Bjarke Gerdes-Nielsen appointed director
20188 changesmanagement 6 · ownership 2
  • Bjarke Gerdes-Nielsen stepped down as ceo
  • Bjarke Gerdes-Nielsen appointed ceo
  • Peter Eriksen appointed chair of the board
  • Søren Pedersen stepped down as board member
  • Gregers Cotzand stepped down as chair of the board
  • Søren Pedersen stepped down as ceo
  • NILPETER HOLDING ApS registered as owner (50%)
  • PROFESSIONAL PACKAGING SYSTEMS A/S is no longer registered as owner
20176 changesmanagement 6
  • Søren Pedersen appointed board member
  • Gregers Cotzand appointed chair of the board
  • Søren Pedersen appointed ceo
  • Gregers Cotzand stepped down as ceo
  • Søren Pedersen stepped down as chair of the board
  • Gregers Cotzand stepped down as board member
20161 changeaddress 1
  • Moved to Ryttermarken 8, 3520 Farum
20148 changesmanagement 6 · ownership 2
  • Søren Pedersen appointed chair of the board
  • Gregers Cotzand appointed ceo
  • Gregers Cotzand appointed board member
  • Bjarke Gerdes-Nielsen appointed board member
  • Bjarke Gerdes-Nielsen stepped down as director
  • PROFESSIONAL PACKAGING SYSTEMS A/S registered as owner (50%)
  • NOBLE LION HOLDING ApS registered as owner (33.33%)
  • Michael Astrup stepped down as director
20134 changesaddress 1 · founded 1 · management 2
  • Moved to Hejrevang 24, st, 3450 Allerød
  • Registered as WEROSYS ApS
  • Michael Astrup appointed director
  • Bjarke Gerdes-Nielsen appointed director

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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.

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