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San Electro Heat A/S

Public limited companyCVR 42165913GræstedActive

San Electro Heat A/S is a public limited company, based in Græsted, active in manufacture of other electrical equipment, founded in 1972. Net profit fell 32% from 2024 to 2025, ending at DKK 8.2m. With 60 employees, the company is about 11 times larger than the industry median. Gross profit is higher than that of 82% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 37.4m−7.5% vs. 2024
Net profitDKK 8.2m−32.3% vs. 2024
EquityDKK 86.3m+10.5% vs. 2024
Employees60latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 8% (2024 → 2025), to DKK 37.4m.
  • Net profit fell 32% (2024 → 2025), to DKK 8.2m.
  • Equity rose 11% (2024 → 2025), to DKK 86.3m.

Employees

  • 2 fewer employees than a year earlier: 60 (07/2026) against 62 (07/2025).

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 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
EquityNet profit
Financial figures for San Electro Heat A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit24,63931,99735,64139,11740,46337,428−7.5%
Operating profit (EBIT)5,74511,45612,54014,35616,44210,564−35.7%
Profit before tax6,43511,25012,80015,31015,22611,167−26.7%
Net profit5,2068,39710,28112,65212,1248,204−32.3%
Total assets93,313101,555108,981114,523126,097133,071+5.5%
Equity45,63954,03861,31965,97178,09586,298+10.5%
Liabilities46,28845,74347,16247,31946,90844,644−4.8%
Cash and cash equivalents1761782341858+43.2%
Average number of employees545658636360−4.8%

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 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 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
Gross profitMedian, the industry (86 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 San Electro Heat A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/05/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202328/06/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202222/06/2023The companyPDF not statedXBRL
202101/01/2021 – 31/12/202114/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202010/06/2021The 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
01020304050607008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

86 companies in the database

Comparison with the other companies in manufacture of other electrical equipment based on the latest financial year.

Gross profitDKK 37.4mNo. 16 of 86
Better than 82% of the companies in the industry
EquityDKK 86.3mNo. 5 of 86
Better than 95% of the companies in the industry
Number of employees60No. 11 of 86
Better than 88% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 697k, equity DKK 4.1m, 6 employees.

DKK 116kDKK 964kDKK 8mDKK 66.6mDKK 273.5mHere
Distribution of gross profit for 74 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. 2,396of 4,412
Better than 46%
No. 767of 4,466
Better than 83%
Same industry and 50–199 employees14 companies in the comparison
No. 12of 14
Better than 15%
No. 2of 14
Better than 92%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,847of 10,152
Better than 82%
No. 1,387of 10,275
Better than 87%
All companies of type A/S18,025 companies in the comparison
No. 3,721of 17,786
Better than 79%
No. 2,516of 18,024
Better than 86%

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 electrical equipment
Gross profit
  1. San Electro Heat A/SDKK 37.4m
  2. Danfoss Power Electronics A/SDKK 554m
  3. Migatronic A/SDKK 312.9m
Net profit
  1. San Electro Heat A/SDKK 8.2m
  2. Danfoss Power Electronics A/SDKK 179.2m
  3. Migatronic A/S−DKK 26.5m
Equity
  1. San Electro Heat A/SDKK 86.3m
  2. Danfoss Power Electronics A/SDKK 607.4m
  3. Migatronic A/SDKK 69.9m
Employees
  1. San Electro Heat A/S60
  2. Danfoss Power Electronics A/S987
  3. Migatronic A/S165

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
  • NIBE Industrier AB100%
San Electro Heat A/S

Management

4 active registrations

Executive management

Executive management at San Electro Heat A/S
NameRoleAppointed
Michael Hofman LaursenDirector25/09/2007

Board of directors

Board of directors at San Electro Heat A/S
NameRoleAppointed
Ulf Christer FredrikssonChair of the board18/12/2001
Michael Hofman LaursenBoard member17/03/2004
Ole Steen BækbyBoard member01/05/2019
Auditor
KPMG P/S
Former management (12)
Former management at San Electro Heat A/S
NameRoleAppointedResigned
Jørgen KamDirector12/11/197227/04/1999
Kaj Ewald MadsenBoard member12/11/197218/12/2001
Claus Bo NielsenBoard member12/11/197204/03/2004
Claus Bo NielsenCEO12/11/197204/03/2004
Svend Aage NielsenBoard member12/11/197218/12/2001
Ethel Irene NielsenBoard member12/11/197225/08/1993
Torsten Gert-Erik LindquistBoard member18/12/200117/03/2004
Søren Sejer GlargaardBoard member04/03/200425/09/2007
Søren Sejer GlargaardCEO01/01/200525/09/2007
Torsten Gert-Erik LindquistBoard member25/09/200722/01/2008
Torsten HanssonBoard member22/01/200815/04/2010
Karsten Blume SchmidtBoard member15/04/201020/02/2018

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af en direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

2 active production units

Gillelejevej 30B
3230 Græsted

Gribskov Municipality · Postcode 3230

Production units
Production unitAddressEmployeesP number
SAN ELECTRO HEAT A/SGillelejevej 30B, Esbønderup, 3230 Græsted611001821378
SAN ELECTRO HEAT A/SMårkærvej 1, 2630 Taastrup01016250933

Purpose

Selskabets formål er at udøve ingeniør-, handels- og fabrikationsvirksomhed, samt at investere i selskaber eller i firmaer med samme formål

The purpose is quoted from the register in Danish.

Changes year by year

44 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20191 changemanagement 1
  • Ole Steen Bækby appointed board member
20181 changemanagement 1
  • Karsten Blume Schmidt stepped down as board member
20103 changesmerger 1 · management 2
  • Merger registered in CVR
  • Karsten Blume Schmidt appointed board member
  • Torsten Hansson stepped down as board member
20091 changeindustry 1
  • Industry changed to Manufacture of other electrical equipment (279000)
20084 changesname 1 · management 2 · industry 1
  • Name changed from SVEND A NIELSEN. INGENIØR- & HANDELSAKTIESELSKAB to SAN ELECTRO HEAT A/S
  • Torsten Hansson appointed board member
  • Torsten Gert-Erik Lindquist stepped down as board member
  • Industry changed to Manufacture of electric domestic appliances (275100)
20075 changesmanagement 4 · address 1
  • Torsten Gert-Erik Lindquist appointed board member
  • Michael Hofman Laursen appointed director
  • Søren Sejer Glargaard stepped down as ceo
  • Søren Sejer Glargaard stepped down as board member
  • Moved to Gillelejevej 30B, Esbønderup, 3230 Græsted
20051 changemanagement 1
  • Søren Sejer Glargaard appointed ceo
20045 changesmanagement 5
  • Michael Hofman Laursen appointed board member
  • Torsten Gert-Erik Lindquist stepped down as board member
  • Søren Sejer Glargaard appointed board member
  • Claus Bo Nielsen stepped down as ceo
  • Claus Bo Nielsen stepped down as board member
20015 changesownership 1 · management 4
  • NIBE Industrier AB registered as owner (100%)
  • Ulf Christer Fredriksson appointed chair of the board
  • Torsten Gert-Erik Lindquist appointed board member
  • Kaj Ewald Madsen stepped down as board member
  • Svend Aage Nielsen stepped down as board member
19991 changemanagement 1
  • Jørgen Kam stepped down as director
19932 changescapital 1 · management 1
  • Share capital changed from 500,000 DKK to 2,690,000 DKK
  • Ethel Irene Nielsen stepped down as board member
19921 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
19871 changecapital 1
  • Share capital changed from -475,000 DKK to 300,000 DKK
19727 changesfounded 1 · management 6
  • Registered as SVEND A NIELSEN. INGENIØR- & HANDELSAKTIESELSKAB
  • Claus Bo Nielsen appointed ceo
  • Claus Bo Nielsen appointed board member
  • Kaj Ewald Madsen appointed board member
  • Jørgen Kam appointed director
  • Ethel Irene Nielsen appointed board member
  • Svend Aage Nielsen appointed board member

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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