Source Technology ApS
Private limited companyCVR 29845336Aarhus NActive
Source Technology ApS is a private limited company, based in Aarhus N, active in manufacture of machinery for food, beverage and tobacco processing, founded in 2006. After a loss in 2024, the company made a profit of DKK 6m in 2025.
Key figures · financial year 2025
Gross profitDKK 21.6m−13.8% vs. 2024
Net profitDKK 6m+154.1% vs. 2024
EquityDKK 58m+11.5% vs. 2024
Employees13latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 14% (2024 → 2025), to DKK 21.6m.
- Net profit went from a loss of DKK 11m to a profit of DKK 6m (2024 → 2025).
- Equity rose 11% (2024 → 2025), to DKK 58m.
Employees
- 7 fewer employees than a year earlier: 13 (12/2025) against 20 (12/2024).
Management and owners, last 24 months
- New in management: James Daniel Gaston (director, 01/01/2025), James Daniel Gaston (board member, 24/02/2025) and Morten Munk Rasmussen (board member, 18/03/2026) (+2).
- Stepped down: Kim Doctor Krintel (director, 01/01/2025), Jesper Hjortshøj (board member, 18/03/2026) and John David Pierson (board member, 18/03/2026).
Registrations, last 24 months
- 30/06/2026: Moved to P.O. Pedersens Vej 18, Skejby, 8200 Aarhus N
- 30/04/2025: Moved to Egtvedvej 1, 6000 Kolding
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 42,790 | 42,093 | 47,976 | 21,934 | 25,100 | 21,636 | −13.8% |
| Operating profit (EBIT) | 19,012 | 18,634 | 19,823 | −873 | −13,827 | 7,002 | +150.6% |
| Profit before tax | 18,489 | 18,529 | 20,506 | −1,408 | −14,021 | 6,209 | +144.3% |
| Net profit | 14,436 | 14,453 | 15,986 | −1,144 | −11,034 | 5,973 | +154.1% |
| Total assets | 71,929 | 69,776 | 85,752 | 77,951 | 67,942 | 61,040 | −10.2% |
| Equity | 37,535 | 49,488 | 64,174 | 63,030 | 51,996 | 57,969 | +11.5% |
| Liabilities | 31,892 | 17,833 | 19,386 | 13,067 | 15,946 | 3,071 | −80.7% |
| Cash and cash equivalents | 9,816 | 4,916 | 16,802 | 5,602 | 10,328 | 26,640 | +157.9% |
| Average number of employees | 22 | 22 | 24 | 22 | 21 | 18 | −14.3% |
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
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 23/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 25/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 13/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 16/03/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 26/05/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
100 companies in the databaseComparison with the other companies in manufacture of machinery for food, beverage and tobacco processing based on the latest financial year.
Gross profitDKK 21.6mNo. 38 of 100
Better than 63% of the companies in the industry
EquityDKK 58mNo. 12 of 100
Better than 89% of the companies in the industry
Number of employees13No. 45 of 100
Better than 56% of the companies in the industry
Industry median: gross profit DKK 14.2m, net profit DKK 1.3m, equity DKK 8.2m, 18 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 1,346of 69,742 Better than 98% | No. 2,762of 69,964 Better than 96% |
| Same industry and fewer than 20 employees45 companies in the comparison | No. 3of 45 Better than 95% | No. 1of 45 Better than 100% |
| Companies that are between 15 and 29 years old24,906 companies in the comparison | No. 3,154of 24,787 Better than 87% | No. 2,082of 24,905 Better than 92% |
| All companies of type ApS66,508 companies in the comparison | No. 2,210of 66,379 Better than 97% | No. 1,841of 66,505 Better than 97% |
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 machinery for food, beverage and tobacco processingGross profit
- Source Technology ApSDKK 21.6m
- Gea Process Engineering A/SDKK 564.1m
- Gram Equipment A/SDKK 433.5m
Net profit
- Source Technology ApSDKK 6m
- Gea Process Engineering A/SDKK 306.7m
- Gram Equipment A/SDKK 26.7m
Equity
- Source Technology ApSDKK 58m
- Gea Process Engineering A/SDKK 535.1m
- Gram Equipment A/SDKK 269.3m
Employees
- Source Technology ApS13
- Gea Process Engineering A/S645
- Gram Equipment A/S349
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Wenger Manufacturing, LLC100%
Source Technology ApS
Management
6 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| James Daniel Gaston | Director | 01/01/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Arni Sigurjonsson | Chair of the board | 15/12/2022 |
| James Daniel Gaston | Board member | 24/02/2025 |
| Morten Munk Rasmussen | Board member | 18/03/2026 |
| Birgitte Hylsebeck Jørgensen | Board member | 18/03/2026 |
| Travis Ray Moore | Board member | 18/03/2026 |
- Founders
- Thomas Kniep Jørgensen
Former management (16)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Thomas Kniep Jørgensen | Director | 31/08/2006 | 01/05/2018 |
| Michael Prasanjit Baruah | Liquidator | 30/11/2011 | 30/11/2011 |
| Tonny Frilund Carstensen | Director | 01/05/2018 | 13/08/2018 |
| Lafe Nolan Bailey | Chair of the board | 19/07/2018 | 12/05/2020 |
| Brad Douglas Wenger | Board member | 19/07/2018 | 12/05/2020 |
| Marc Louis Wenger | Board member | 19/07/2018 | 18/05/2021 |
| John David Pierson | Board member | 19/07/2018 | 18/05/2021 |
| Kim Doctor Krintel | Director | 13/08/2018 | 01/01/2025 |
| Lafe Nolan Bailey | Board member | 13/05/2020 | 18/05/2021 |
| Brad Douglas Wenger | Chair of the board | 13/05/2020 | 18/05/2021 |
| Megan Hill | Board member | 18/05/2021 | 15/12/2022 |
| Mitchell Scott Allen | Board member | 18/05/2021 | 15/12/2022 |
| Jeffrey Dean Wenger | Chair of the board | 18/05/2021 | 15/12/2022 |
| Jesper Hjortshøj | Board member | 15/12/2022 | 18/03/2026 |
| Linda Jonsdottir | Board member | 15/12/2022 | 26/02/2024 |
| John David Pierson | Board member | 26/02/2024 | 18/03/2026 |
Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse
Address and production units
1 active production unitsP.O. Pedersens Vej 18
8200 Aarhus N
Aarhus Municipality · Postcode 8200
Other companies at the address (1)
- Marel A/SManufacture of machinery for food, beverage and tobacco processing
| Production unit | Address | Employees | P number |
|---|---|---|---|
| SOURCE TECHNOLOGY ApS | P.O. Pedersens Vej 18, Skejby, 8200 Aarhus N | 13 | 1012555829 |
Purpose
Selskabets formål er at drive konsulentvirksomhed samt anden ifølge direktionens skøn i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
57 registered events02015
12016
02017
82018
02019
42020
82021
72022
12023
32024
52025
72026
20267 changesaddress 1 · accounts 1 · management 5
- AddressMoved to P.O. Pedersens Vej 18, Skejby, 8200 Aarhus N
- AccountsAnnual report for 2025 published
- ManagementMorten Munk Rasmussen appointed board member
- ManagementTravis Ray Moore appointed board member
- ManagementBirgitte Hylsebeck Jørgensen appointed board member
- ManagementJohn David Pierson stepped down as board member
- ManagementJesper Hjortshøj stepped down as board member
20255 changesaccounts 1 · address 1 · management 3
- AccountsAnnual report for 2024 published
- AddressMoved to Egtvedvej 1, 6000 Kolding
- ManagementJames Daniel Gaston appointed board member
- ManagementJames Daniel Gaston appointed director
- ManagementKim Doctor Krintel stepped down as director
20243 changesaccounts 1 · management 2
- AccountsAnnual report for 2023 published
- ManagementJohn David Pierson appointed board member
- ManagementLinda Jonsdottir stepped down as board member
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20227 changesmanagement 6 · accounts 1
- ManagementJesper Hjortshøj appointed board member
- ManagementArni Sigurjonsson appointed chair of the board
- ManagementLinda Jonsdottir appointed board member
- ManagementMitchell Scott Allen stepped down as board member
- ManagementMegan Hill stepped down as board member
- ManagementJeffrey Dean Wenger stepped down as chair of the board
- AccountsAnnual report for 2021 published
20218 changesaccounts 1 · management 7
- AccountsAnnual report for 2020 published
- ManagementMitchell Scott Allen appointed board member
- ManagementMegan Hill appointed board member
- ManagementJeffrey Dean Wenger appointed chair of the board
- ManagementLafe Nolan Bailey stepped down as board member
- ManagementBrad Douglas Wenger stepped down as chair of the board
- ManagementJohn David Pierson stepped down as board member
- ManagementMarc Louis Wenger stepped down as board member
20204 changesmanagement 4
- ManagementLafe Nolan Bailey appointed board member
- ManagementBrad Douglas Wenger appointed chair of the board
- ManagementLafe Nolan Bailey stepped down as chair of the board
- ManagementBrad Douglas Wenger stepped down as board member
20188 changesmanagement 8
- ManagementKim Doctor Krintel appointed director
- ManagementTonny Frilund Carstensen stepped down as director
- ManagementLafe Nolan Bailey appointed chair of the board
- ManagementJohn David Pierson appointed board member
- ManagementMarc Louis Wenger appointed board member
- ManagementBrad Douglas Wenger appointed board member
- ManagementTonny Frilund Carstensen appointed director
- ManagementThomas Kniep Jørgensen stepped down as director
20161 changeaddress 1
- AddressMoved to Korsvej 11, 6000 Kolding
20142 changescapital 1 · ownership 1
- CapitalShare capital changed from 135,000 DKK to 1,000,000 DKK
- OwnershipWenger Manufacturing, LLC registered as owner (100%)
20132 changescapital 1 · merger 1
- CapitalShare capital changed from 125,000 DKK to 135,000 DKK
- MergerMerger registered in CVR
20121 changeindustry 1
- IndustryIndustry changed to Manufacture of machinery for food, beverage and tobacco processing (289300)
20112 changesstatus 2
- StatusStatus changed to in voluntary liquidation
- StatusStatus changed to active
20101 changeaddress 1
- AddressMoved to Albuen 56B, 6000 Kolding
20081 changeindustry 1
- IndustryIndustry changed to Engineering consultancy in production and mechanical engineering (711220)
20071 changeaddress 1
- AddressMoved to Strandhøj 4, Strandhuse, 6000 Kolding
20063 changesindustry 1 · founded 1 · management 1
- IndustryIndustry changed to Rådgivende ingeniørvirksomhed indenfor produktions- og maskinteknik (742020)
- FoundedRegistered as SOURCE TECHNOLOGY ApS
- ManagementThomas Kniep Jørgensen appointed director
Related companies
Same industry in Aarhus
- Marel A/S304 employees
- BAADER Food Systems Denmark A/S269 employees
- Jmdk ApS25 employees
Same people in management
- C&d Foods (denmark) A/Svia Tonny Frilund Carstensen
- Marel Salmon A/Svia Jesper Hjortshøj
- Marel A/Svia Jesper Hjortshøj
- Nopa Nordic A/Svia Tonny Frilund Carstensen
- Esbjerg Gods A/Svia Tonny Frilund Carstensen
- adapa flexibles Denmark Slagelse A/Svia Tonny Frilund Carstensen
Largest in the industry
- Gea Process Engineering A/SDKK 564.1m
- Gram Equipment A/SDKK 433.5m
- Aasted ApSDKK 266.5m
- Ngi A/SDKK 219.2m
- Spx Flow Technology Danmark A/SDKK 180.1m
- Cabinplant A/SDKK 157.6m
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.