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SM Værktøj ApS

Private limited companyCVR 32308074IkastActive

SM Værktøj ApS is a private limited company, based in Ikast, active in wholesale of hardware, heating equipment and supplies, founded in 2014. Net profit rose 30% from 2024 to 2025, ending at DKK 2.3m. Gross profit is higher than that of 75% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 18.1m+3.9% vs. 2024
Net profitDKK 2.3m+29.8% vs. 2024
EquityDKK 15.7m+9.9% vs. 2024
Employees15latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 4% (2024 → 2025), to DKK 18.1m.
  • Net profit rose 30% (2024 → 2025), to DKK 2.3m.
  • Equity rose 10% (2024 → 2025), to DKK 15.7m.

Employees

  • 4 fewer employees than a year earlier: 15 (08/2026) against 19 (08/2025).

Management and owners, last 24 months

  • New owners registered: Steffan Madsen Holding ApS (24/10/2025).
  • No longer registered as owner: Steffan Madsen Holding ApS (23/10/2025) and MIPE Holding ApS (24/10/2025).

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 14mDKK 16m202020212022202320242025
EquityNet profit
Financial figures for SM Værktøj ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit10,04211,28615,36314,77317,44618,132+3.9%
Operating profit (EBIT)6,4516,7997,7154,8603,7834,708+24.5%
Profit before tax6,3446,8257,0543,5462,7083,368+24.4%
Net profit4,9155,2945,4472,7181,7802,311+29.8%
Total assets15,27423,95843,43536,84444,63351,962+16.4%
Equity5,31710,36114,80715,52514,30515,726+9.9%
Liabilities9,95713,54628,61321,20230,25436,174+19.6%
Cash and cash equivalents147246989996683+610.3%
Average number of employees–––182216−27.3%

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18m202020212022202320242025
Gross profitMedian, the industry (219 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 27% from 22 in 2024 to 16 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 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 SM Værktøj ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202517/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202210/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202124/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/06/2021The 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
0510152009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 18.1mNo. 55 of 217
Better than 75% of the companies in the industry
EquityDKK 15.7mNo. 62 of 219
Better than 72% of the companies in the industry
Number of employees15No. 59 of 219
Better than 73% 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. 1,774of 69,742
Better than 97%
No. 6,784of 69,964
Better than 90%
Same industry and fewer than 20 employees167 companies in the comparison
No. 11of 167
Better than 94%
No. 20of 167
Better than 89%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 2,283of 33,588
Better than 93%
No. 2,754of 33,687
Better than 92%
All companies of type ApS66,508 companies in the comparison
No. 2,806of 66,379
Better than 96%
No. 5,004of 66,505
Better than 92%

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. SM Værktøj ApSDKK 18.1m
  2. Saint-gobain Distribution Denmark A/SDKK 997.9m
  3. Ahlsell Danmark A/SDKK 730.1m
Net profit
  1. SM Værktøj ApSDKK 2.3m
  2. Saint-gobain Distribution Denmark A/SDKK 4.7m
  3. Ahlsell Danmark A/S−DKK 26.6m
Equity
  1. SM Værktøj ApSDKK 15.7m
  2. Saint-gobain Distribution Denmark A/SDKK 399.2m
  3. Ahlsell Danmark A/SDKK 611m
Employees
  1. SM Værktøj ApS15
  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
  • Steffan Madsen Holding ApS100%
SM Værktøj ApS

Management

1 active registrations

Executive management

Executive management at SM Værktøj ApS
NameRoleAppointed
Steffan Haugaard MadsenDirector28/01/2014
Founders
Steffan Haugaard Madsen

Signing rule: Selskabet tegnes af en direktør.

Address and production units

1 active production units

Smedevej 16C
7430 Ikast

Ikast-Brande Municipality · Postcode 7430

Production units
Production unitAddressEmployeesP number
SM VÆRKTØJ ApSSmedevej 16C, 7430 Ikast151019091933

Purpose

Selskabets formål er at drive virksomhed med engroshandel af isenkram, varmeanlæg og tilbehør, samt enhver i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

29 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesownership 3 · accounts 1
  • Steffan Madsen Holding ApS registered as owner (100%)
  • MIPE Holding ApS is no longer registered as owner
  • Steffan Madsen 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
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20201 changeaddress 1
  • Moved to Smedevej 16C, 7430 Ikast
20191 changeaddress 1
  • Moved to Lene Haus Vej 10, 7430 Ikast
20175 changesownership 5
  • Steffan Madsen Holding ApS registered as owner (50%)
  • MIPE Holding ApS registered as owner (50%)
  • MIKKEL F. HANSEN HOLDING ApS is no longer registered as owner
  • Steffan Madsen Holding ApS is no longer registered as owner
  • MIPE Holding ApS is no longer registered as owner
20166 changesownership 6
  • Steffan Madsen Holding ApS registered as owner (33.33%)
  • MIPE Holding ApS registered as owner (33.33%)
  • Steffan Haugaard Madsen is no longer registered as owner
  • Michael Rafaelsen Pedersen is no longer registered as owner
  • Steffan Haugaard Madsen registered as owner (50%)
  • Steffan Haugaard Madsen is no longer registered as owner
20153 changesaddress 1 · ownership 2
  • Moved to Navervej 6B, 7430 Ikast
  • Michael Rafaelsen Pedersen registered as owner (33.33%)
  • Steffan Haugaard Madsen registered as owner (33.33%)
20144 changescapital 1 · ownership 1 · founded 1 · management 1
  • Share capital changed from 50,000 DKK to 84,000 DKK
  • MIKKEL F. HANSEN HOLDING ApS registered as owner (20%)
  • Registered as SM VÆRKTØJ ApS
  • Steffan Haugaard Madsen appointed director

Related companies

Same industry in Ikast-Brande

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