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SET Pipes A/S

Public limited companyCVR 41465166FrederikshavnActive

SET Pipes A/S is a public limited company, based in Frederikshavn, active in wholesale of hardware, heating equipment and supplies, founded in 2020. Equity was negative at the end of 2025 (−DKK 5m). The company made a loss in both 2024 and 2025, most recently DKK 4.1m.

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Key figures · financial year 2025

Gross profit−DKK 1.2m−728.3% vs. 2024
Net profit−DKK 4.1m−144% vs. 2024
Equity−DKK 5m−621.3% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 1.7m to DKK 4.1m (2024 → 2025).

Management and owners, last 24 months

  • New in management: Matthías Stephensen (board member, 26/03/2025), Sara Valný Sigurjónsdóttir (board member, 01/08/2025) and Orri Hauksson (chair of the board, 01/09/2026) (+2).
  • Stepped down: Erik Schou Lund (board member, 26/03/2025), Valdimar Hjaltason (chair of the board, 25/03/2025) and Brynjar Bergsteinsson (board member, 26/03/2025) (+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 5m−DKK 4m−DKK 3m−DKK 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3m202020212022202320242025
EquityNet profit
Financial figures for SET Pipes A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−44992145,361−143−1,183−728.3%
Operating profit (EBIT)−518−832−6623,814−1,605−3,048−89.9%
Profit before tax−529−873−8333,622−2,108−3,598−70.7%
Net profit−414−686−6552,815−1,673−4,083−144%
Total assets3921,0373,10311,04715,16011,881−21.6%
Equity−14−700−1,833981−692−4,988−621.3%
Liabilities4061,7384,93710,03915,85216,853+6.3%
Cash and cash equivalents108162141916337265−21.5%
Average number of employees1112220%

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 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
Gross profitMedian, the industry (219 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 5m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    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 SET Pipes A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202407/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202318/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202211/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/07/2022The companyPDFXBRL
202022/06/2020 – 31/12/202012/05/2021The 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
0123408/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

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 profit−DKK 1.2mNo. 215 of 217
Better than 1% of the companies in the industry
Equity−DKK 5mNo. 218 of 219
Better than 0% of the companies in the industry
Number of employees3No. 176 of 219
Better than 20% 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 480.2m
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. 68,875of 69,742
Better than 1%
No. 69,167of 69,964
Better than 1%
Same industry and fewer than 20 employees167 companies in the comparison
No. 165of 167
Better than 1%
No. 166of 167
Better than 1%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,181of 33,588
Better than 1%
No. 33,066of 33,687
Better than 2%
All companies of type A/S18,025 companies in the comparison
No. 17,435of 17,786
Better than 2%
No. 17,676of 18,024
Better than 2%

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. SET Pipes A/S−DKK 1.2m
  2. Saint-gobain Distribution Denmark A/SDKK 997.9m
  3. Ahlsell Danmark A/SDKK 730.1m
Net profit
  1. SET Pipes A/S−DKK 4.1m
  2. Saint-gobain Distribution Denmark A/SDKK 4.7m
  3. Ahlsell Danmark A/S−DKK 26.6m
Equity
  1. SET Pipes A/S−DKK 5m
  2. Saint-gobain Distribution Denmark A/SDKK 399.2m
  3. Ahlsell Danmark A/SDKK 611m
Employees
  1. SET Pipes A/S3
  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
  • SET ehf100%
SET Pipes A/S

Management

4 active registrations

Executive management

Executive management at SET Pipes A/S
NameRoleAppointed
Kim Stubbergaard ReeseDirector23/11/2020

Board of directors

Board of directors at SET Pipes A/S
NameRoleAppointed
Matthías StephensenBoard member26/03/2025
Sara Valný SigurjónsdóttirBoard member01/08/2025
Orri HaukssonChair of the board01/09/2026
Founders
SET ehf
Former management (7)
Former management at SET Pipes A/S
NameRoleAppointedResigned
Erik Schou LundBoard member22/06/202026/03/2025
Valdimar HjaltasonChair of the board22/06/202025/03/2025
Brynjar BergsteinssonBoard member22/06/202026/03/2025
Bergsteinn EinarssonDirector22/06/202001/06/2024
Örn EinarssonDirector01/06/202410/03/2025
Valdimar HjaltasonBoard member26/03/202501/08/2025
Guðbjörg Sæunn FriðriksdóttirChair of the board26/03/202531/08/2026

Signing rule: Virksomheden tegnes af 1 direktør eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Ellehammervej 1
9900 Frederikshavn

Frederikshavn Municipality · Postcode 9900

Production units
Production unitAddressEmployeesP number
SET Pipes A/SEllehammervej 1, 9900 Frederikshavn31025968413

Purpose

Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.

The purpose is quoted from the register in Danish.

Changes year by year

30 registered events
20263 changesmanagement 2 · accounts 1
  • Orri Hauksson appointed chair of the board
  • Guðbjörg Sæunn Friðriksdóttir stepped down as chair of the board
  • Annual report for 2025 published
202510 changesmanagement 9 · accounts 1
  • Sara Valný Sigurjónsdóttir appointed board member
  • Valdimar Hjaltason stepped down as board member
  • Annual report for 2024 published
  • Valdimar Hjaltason appointed board member
  • Guðbjörg Sæunn Friðriksdóttir appointed chair of the board
  • Matthías Stephensen appointed board member
  • Erik Schou Lund stepped down as board member
  • Brynjar Bergsteinsson stepped down as board member
  • Valdimar Hjaltason stepped down as chair of the board
  • Örn Einarsson stepped down as director
20243 changesmanagement 2 · accounts 1
  • Örn Einarsson appointed director
  • Bergsteinn Einarsson stepped down as director
  • Annual report for 2023 published
20233 changesindustry 1 · address 1 · accounts 1
  • Industry changed to Engroshandel med isenkram, varmeanlæg og tilbehør (467400)
  • Moved to Ellehammervej 1, 9900 Frederikshavn
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaddress 1 · accounts 1
  • Moved to Saltebakken 29, 9900 Frederikshavn
  • Annual report for 2020 published
20208 changesmanagement 5 · industry 1 · founded 1 · ownership 1
  • Kim Stubbergaard Reese appointed director
  • Industry changed to Engroshandel med træ, trælast og byggematerialer (467310)
  • Registered as SET Pipes A/S
  • Erik Schou Lund appointed board member
  • Brynjar Bergsteinsson appointed board member
  • Valdimar Hjaltason appointed chair of the board
  • Bergsteinn Einarsson appointed director
  • SET ehf registered as owner (100%)

Related companies

Same industry in Frederikshavn

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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