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Skals Machinery A/S

Public limited companyCVR 17218018VejleActive

Skals Machinery A/S is a public limited company, based in Vejle, active in manufacture of agricultural and forestry machinery, founded in 1940. Net profit rose 87% from 2024 to 2025, ending at DKK 3.2m. Profit has grown three years in a row. With 47 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 26.8m+16.1% vs. 2024
Net profitDKK 3.2m+87.1% vs. 2024
EquityDKK 13.3m+31.7% vs. 2024
Employees47latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 16% (2024 → 2025), to DKK 26.8m.
  • Net profit rose 87% (2024 → 2025), to DKK 3.2m.
  • Equity rose 32% (2024 → 2025), to DKK 13.3m.

Employees

  • 9 more employees than a year earlier: 47 (08/2026) against 38 (08/2025).

Management and owners, last 24 months

  • New in management: Jens Vorre (board member, 25/03/2026).
  • New owners registered: Lund Madsen Family Invest ApS (31/12/2025).
  • No longer registered as owner: Lund Madsen Invest ApS (31/12/2025) and Baumgaard Holding ApS (20/11/2025).

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
EquityNet profit
Financial figures for Skals Machinery A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit16,41218,97926,30723,79023,06026,764+16.1%
Operating profit (EBIT)3,6074,3195032,0002,9894,541+51.9%
Profit before tax3,3984,059481,1952,2064,122+86.8%
Net profit2,6503,1651319251,7153,208+87.1%
Total assets19,79932,15426,98326,80731,80038,151+20%
Equity6,6777,8427,4738,39810,11313,322+31.7%
Liabilities12,42523,37718,71417,56420,87523,811+14.1%
Cash and cash equivalents4,1971,1899113816+86.5%
Average number of employees242845373437+8.8%

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (70 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 Skals Machinery A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202531/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202308/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202208/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202125/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202010/03/2021The 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
0102030405009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

70 companies in the database

Comparison with the other companies in manufacture of agricultural and forestry machinery based on the latest financial year.

Gross profitDKK 26.8mNo. 17 of 70
Better than 77% of the companies in the industry
EquityDKK 13.3mNo. 21 of 70
Better than 71% of the companies in the industry
Number of employees47No. 14 of 70
Better than 81% of the companies in the industry

Industry median: gross profit DKK 4.9m, net profit DKK 453k, equity DKK 4.3m, 9 employees.

DKK 115kDKK 898kDKK 7mDKK 55mDKK 216.8mHere
Distribution of gross profit for 66 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 20–49 employees9,922 companies in the comparison
No. 1,680of 9,892
Better than 83%
No. 2,459of 9,922
Better than 75%
Same industry and 20–49 employees16 companies in the comparison
No. 7of 16
Better than 60%
No. 10of 16
Better than 40%
Companies that are at least 30 years old10,276 companies in the comparison
No. 2,287of 10,152
Better than 77%
No. 4,174of 10,275
Better than 59%
All companies of type A/S18,025 companies in the comparison
No. 4,769of 17,786
Better than 73%
No. 7,643of 18,024
Better than 58%

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 agricultural and forestry machinery
Gross profit
  1. Skals Machinery A/SDKK 26.8m
  2. Skiold A/SDKK 430.5m
  3. Samson Agro A/SDKK 218.3m
Net profit
  1. Skals Machinery A/SDKK 3.2m
  2. Skiold A/SDKK 50.8m
  3. Samson Agro A/SDKK 14.9m
Equity
  1. Skals Machinery A/SDKK 13.3m
  2. Skiold A/S−DKK 47.9m
  3. Samson Agro A/SDKK 218.3m
Employees
  1. Skals Machinery A/S47
  2. Skiold A/S125
  3. Samson Agro A/S297

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
  • Pendo ApS20%
  • J. Vorre Holding ApS15%
  • Lund Madsen Family Invest ApS50%
Skals Machinery A/S

Management

5 active registrations

Executive management

Executive management at Skals Machinery A/S
NameRoleAppointed
Søren Lund MadsenDirector01/05/2006

Board of directors

Board of directors at Skals Machinery A/S
NameRoleAppointed
Søren Lund MadsenBoard member06/02/2007
Michael Høj OlsenBoard member01/01/2013
Søren IversenChair of the board11/06/2018
Jens VorreBoard member25/03/2026
Former management (17)
Former management at Skals Machinery A/S
NameRoleAppointedResigned
Henrik Heide OttosenBoard member03/01/194016/11/1999
Olaf NørgaardBoard member03/01/194030/04/1998
Olaf NørgaardDirector03/01/194030/04/1998
Ulla Nørgaard HvidtfeldtBoard member03/01/194021/06/1991
Esther Jensine JensenBoard member03/01/194029/11/1994
Erik HvidtfeldtBoard member03/01/194021/06/1991
Evald Nørgaard JensenBoard member03/01/194021/06/1991
Evald Nørgaard JensenDirector03/01/194021/06/1991
Erik TorrildBoard member29/11/199430/04/1998
Ove GlerupBoard member30/04/199821/10/2002
Jens MadsenBoard member30/04/199806/02/2007
Kaj PedersenChair of the board30/04/199811/06/2018
Thorben Emil FinnerupDirector30/04/199807/06/2001
Per HenningsenCEO07/06/200101/11/2003
Thøge Hellesøe DallBoard member21/10/200206/02/2007
Frank MikkelsenDirector01/11/200301/05/2006
Torben AxelsenBoard member06/02/200705/11/2012

Signing rule: Selskabet tegnes af en direktør sammen med 1 bestyrelsesmedlem eller af 2 bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

1 active production units

Pottemagervej 14
7100 Vejle

Vejle Municipality · Postcode 7100

Production units
Production unitAddressEmployeesP number
SKALS, VejlePottemagervej 14, 7100 Vejle471027742455

Purpose

Selskabets formål er at drive handel og industri.

The purpose is quoted from the register in Danish.

Changes year by year

68 registered events
20262 changesaccounts 1 · management 1
  • Annual report for 2025 published
  • Jens Vorre appointed board member
20254 changesownership 3 · accounts 1
  • Lund Madsen Family Invest ApS registered as owner (50%)
  • LUND MADSEN INVEST ApS is no longer registered as owner
  • Baumgaard Holding ApS is no longer registered as owner
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20224 changesaccounts 1 · address 1 · name 2
  • Annual report for 2021 published
  • Moved to Pottemagervej 14, 7100 Vejle
  • Name changed from Skals Maskiner A/S to Skals Machinery A/S
  • Name changed from AKTIESELSKABET SKALS MASKINFABRIK to Skals Maskiner A/S
20211 changeaccounts 1
  • Annual report for 2020 published
20188 changesmanagement 2 · ownership 6
  • Søren Iversen appointed chair of the board
  • Kaj Pedersen stepped down as chair of the board
  • J. Vorre Holding ApS registered as owner (15%)
  • PENDO ApS registered as owner (20%)
  • Baumgaard Holding ApS registered as owner (10%)
  • LUND MADSEN INVEST ApS registered as owner (50%)
  • BODAL HOLDING A/S is no longer registered as owner
  • LUND MADSEN INVEST ApS is no longer registered as owner
20131 changemanagement 1
  • Michael Høj Olsen appointed board member
20121 changemanagement 1
  • Torben Axelsen stepped down as board member
20112 changesownership 2
  • LUND MADSEN INVEST ApS registered as owner (33.33%)
  • BODAL HOLDING A/S registered as owner (50%)
20081 changeindustry 1
  • Industry changed to Manufacture of agricultural and forestry machinery (283000)
20075 changesmanagement 4 · address 1
  • Søren Lund Madsen appointed board member
  • Torben Axelsen appointed board member
  • Thøge Hellesøe Dall stepped down as board member
  • Jens Madsen stepped down as board member
  • Moved to Hovedgaden 56, 8832 Skals
20062 changesmanagement 2
  • Søren Lund Madsen appointed director
  • Frank Mikkelsen stepped down as director
20032 changesmanagement 2
  • Frank Mikkelsen appointed director
  • Per Henningsen stepped down as ceo
20022 changesmanagement 2
  • Thøge Hellesøe Dall appointed board member
  • Ove Glerup stepped down as board member
20013 changesmanagement 2 · capital 1
  • Per Henningsen appointed ceo
  • Thorben Emil Finnerup stepped down as director
  • Share capital changed from 500,000 DKK to 1,500,000 DKK
20001 changeindustry 1
  • Industry changed to Fremstilling af maskiner til land-, have- og skovbrug i øvrigt (293230)
19991 changemanagement 1
  • Henrik Heide Ottosen stepped down as board member
19989 changescapital 2 · management 7
  • Share capital changed from 4,977,000 DKK to 500,000 DKK
  • Share capital changed from 977,000 DKK to 4,977,000 DKK
  • Kaj Pedersen appointed chair of the board
  • Ove Glerup appointed board member
  • Jens Madsen appointed board member
  • Thorben Emil Finnerup appointed director
  • Erik Torrild stepped down as board member
  • Olaf Nørgaard stepped down as director
  • Olaf Nørgaard stepped down as board member
19942 changesmanagement 2
  • Erik Torrild appointed board member
  • Esther Jensine Jensen stepped down as board member
19931 changecapital 1
  • Share capital changed from 1,500,000 DKK to 977,000 DKK
19914 changesmanagement 4
  • Evald Nørgaard Jensen stepped down as director
  • Evald Nørgaard Jensen stepped down as board member
  • Erik Hvidtfeldt stepped down as board member
  • Ulla Nørgaard Hvidtfeldt stepped down as board member
19871 changecapital 1
  • Share capital changed from 1,200,000 DKK to 1,500,000 DKK
19409 changesfounded 1 · management 8
  • Registered as AKTIESELSKABET SKALS MASKINFABRIK
  • Evald Nørgaard Jensen appointed director
  • Evald Nørgaard Jensen appointed board member
  • Erik Hvidtfeldt appointed board member
  • Esther Jensine Jensen appointed board member
  • Ulla Nørgaard Hvidtfeldt appointed board member
  • Olaf Nørgaard appointed director
  • Henrik Heide Ottosen appointed board member
  • Olaf Nørgaard appointed board member

Related companies

Same industry in Vejle

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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