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Spangenberg & Madsen Rådgivende Ingeniører A/S

Public limited companyCVR 20436190AlbertslundActive

Spangenberg & Madsen Rådgivende Ingeniører A/S is a public limited company, based in Albertslund, active in engineering consultancy in construction and civil engineering, founded in 1997. The company went from a profit in 2024 to a loss of DKK 5.3m in 2025. Operations are spread over 3 production units in 3 towns. With 59 employees, the company is about 20 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 45.1m−15.2% vs. 2024
Net profit−DKK 5.3m−231% vs. 2024
EquityDKK 8.2m−24.8% vs. 2024
Employees59latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 15% (2024 → 2025), to DKK 45.1m.
  • Net profit went from a profit of DKK 4m to a loss of DKK 5.3m (2024 → 2025).
  • Equity fell 25% (2024 → 2025), to DKK 8.2m.

Employees

  • 13 fewer employees than a year earlier: 59 (08/2026) against 72 (08/2025).

Management and owners, last 24 months

  • New in management: Tonny Gerhard Johansen (board member, 18/06/2026).
  • Stepped down: Per Stabel (board member, 08/05/2025) and Linda Høibye (board member, 18/06/2026).
  • New owners registered: Spangenberg & Madsen Holding ApS (30/04/2026).
  • No longer registered as owner: Spangenberg & Madsen Holding ApS (29/04/2026).

Registrations, last 24 months

  • 31/12/2025: Share capital changed from 500,000 DKK to 501,000 DKK
  • 11/06/2025: Name changed from Spangenberg & Madsen Rådgivende Ingeniørfirma A/S to Spangenberg & Madsen Rådgivende Ingeniører A/S
  • 01/01/2025: Industry changed to Engineering consultancy in construction and civil engineering (711210)

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 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m202020212022202320242025
EquityNet profit
Financial figures for Spangenberg & Madsen Rådgivende Ingeniører A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit44,83844,49845,73646,10053,22745,141−15.2%
Operating profit (EBIT)4,1882,4581,641––––
Profit before tax4,0272,3531,5066,3914,133−6,735−263%
Net profit3,1341,8161,1605,1244,015−5,260−231%
Total assets26,20523,87020,25327,45436,60625,346−30.8%
Equity7,0337,0997,15911,38310,8998,194−24.8%
Liabilities16,00413,73110,070–20,57613,495−34.4%
Cash and cash equivalents9,8314,6751,1943,2353,190686−78.5%
Average number of employees646566526165+6.6%

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 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (795 companies)

Annual reports

6 financial years
Annual reports for Spangenberg & Madsen Rådgivende Ingeniører A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202423/06/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202315/05/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202208/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202009/06/2021The 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
0102030405060708009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

795 companies in the database

Comparison with the other companies in engineering consultancy in construction and civil engineering based on the latest financial year.

Gross profitDKK 45.1mNo. 42 of 791
Better than 95% of the companies in the industry
EquityDKK 8.2mNo. 95 of 795
Better than 88% of the companies in the industry
Number of employees59No. 39 of 795
Better than 95% of the companies in the industry

Industry median: gross profit DKK 2.8m, net profit DKK 406k, equity DKK 1.2m, 3 employees.

DKK 100kDKK 1.3mDKK 17.2mDKK 225.1mDKK 1.3bnHere
Distribution of gross profit for 750 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. 2,006of 4,412
Better than 55%
No. 3,017of 4,466
Better than 32%
Same industry and 50–199 employees27 companies in the comparison
No. 21of 27
Better than 23%
No. 22of 27
Better than 19%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,577of 24,791
Better than 94%
No. 7,519of 24,909
Better than 70%
All companies of type A/S18,025 companies in the comparison
No. 3,182of 17,786
Better than 82%
No. 9,547of 18,024
Better than 47%

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

Engineering consultancy in construction and civil engineering
Gross profit
  1. Spangenberg & Madsen Rådgivende Ingeniører A/SDKK 45.1m
  2. Rambøll Danmark A/SDKK 3bn
  3. Sweco Danmark A/SDKK 1.7bn
Net profit
  1. Spangenberg & Madsen Rådgivende Ingeniører A/S−DKK 5.3m
  2. Rambøll Danmark A/SDKK 169.1m
  3. Sweco Danmark A/SDKK 231m
Equity
  1. Spangenberg & Madsen Rådgivende Ingeniører A/SDKK 8.2m
  2. Rambøll Danmark A/SDKK 950.5m
  3. Sweco Danmark A/SDKK 766.8m
Employees
  1. Spangenberg & Madsen Rådgivende Ingeniører A/S59
  2. Rambøll Danmark A/S3,293
  3. Sweco Danmark A/S1,864

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
  • Michael Lindqvist5%
  • Spangenberg & Madsen Holding ApS90%
Spangenberg & Madsen Rådgivende Ingeniører A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Spangenberg & Madsen Rådgivende Ingeniører A/S
NameRoleAppointed
Michael Søgaard RasmussenDirector01/01/2009

Board of directors

Board of directors at Spangenberg & Madsen Rådgivende Ingeniører A/S
NameRoleAppointed
Michael Søgaard RasmussenBoard member01/01/2009
Ulf MunkedalBoard member27/05/2021
Tonny Gerhard JohansenBoard member18/06/2026
Auditor
KPMG P/S
Founders
Finn Andersen
Former management (12)
Former management at Spangenberg & Madsen Rådgivende Ingeniører A/S
NameRoleAppointedResigned
Poul Flemming Bøgvad TheilChair of the board24/10/199720/12/2007
Finn AndersenDirector24/10/199701/01/2009
Ina Marie Jensen AndersenBoard member24/10/199720/12/2007
Pau Ahler BrorsbølBoard member20/12/200730/11/2022
Finn AndersenChair of the board01/01/200902/11/2012
Hans Henrik ThorsenBoard member17/08/201202/11/2012
Pau Ahler BrorsbølDirector17/08/201230/11/2022
Michael LindqvistBoard member17/08/201202/11/2012
Ove Erik Höilund MortensenChair of the board02/11/201227/05/2021
Frank PapsøBoard member02/11/201223/05/2023
Per StabelBoard member02/11/201208/05/2025
Linda HøibyeBoard member23/05/202318/06/2026

Signing rule: Selskabet tegnes af en direktør alene, eller af den samlede bestyrelse.

Address and production units

3 active production units

Herstedøstervej 27
2620 Albertslund

Albertslund Municipality · Postcode 2620

Other companies at the address (3)

Production units
Production unitAddressEmployeesP number
Spangenberg & Madsen Rådgivende Ingeniører A/SHerstedøstervej 27-29, 2620 Albertslund451004306491
Spangenberg & Madsen Rådgivende Ingeniørfirma A/SSøren Frichs Vej 38A, 2, 8230 Åbyhøj131017045101
Spangenberg & Madsen Rådgivende Ingeniørfirma A/SHåndværkervej 25, 2, 4160 Herlufmagle11017045098

Purpose

Selskabets formål er at drive rådgivende ingeniørvirksomhed i Danmark og i udlandet samt al anden virksomhed som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

56 registered events
20265 changesmanagement 2 · accounts 1 · ownership 2
  • Tonny Gerhard Johansen appointed board member
  • Linda Høibye stepped down as board member
  • Annual report for 2025 published
  • Spangenberg & Madsen Holding ApS registered as owner (90%)
  • Spangenberg & Madsen Holding ApS is no longer registered as owner
20255 changescapital 1 · accounts 1 · name 1 · management 1 · industry 1
  • Share capital changed from 500,000 DKK to 501,000 DKK
  • Annual report for 2024 published
  • Name changed from Spangenberg & Madsen Rådgivende Ingeniørfirma A/S to Spangenberg & Madsen Rådgivende Ingeniører A/S
  • Per Stabel stepped down as board member
  • Industry changed to Engineering consultancy in construction and civil engineering (711210)
20242 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Herstedøstervej 27-29, 2620 Albertslund
20234 changesaccounts 1 · name 1 · management 2
  • Annual report for 2022 published
  • Name changed from SPANGENBERG & MADSEN. RÅDGIVENDE INGENIØRFIRMA A/S to Spangenberg & Madsen Rådgivende Ingeniørfirma A/S
  • Linda Høibye appointed board member
  • Frank Papsø stepped down as board member
20223 changesmanagement 2 · accounts 1
  • Pau Ahler Brorsbøl stepped down as director
  • Pau Ahler Brorsbøl stepped down as board member
  • Annual report for 2021 published
20218 changesaccounts 1 · management 2 · ownership 5
  • Annual report for 2020 published
  • Ulf Munkedal appointed board member
  • Ove Erik Höilund Mortensen stepped down as chair of the board
  • Spangenberg & Madsen Holding ApS registered as owner (66.67%)
  • ABR Mellemholding ABK Aps is no longer registered as owner
  • ABR Mellemholding MAA Aps is no longer registered as owner
  • ABR Mellemholding JEN Aps is no longer registered as owner
  • Spangenberg & Madsen Holding ApS is no longer registered as owner
20171 changeaddress 1
  • Moved to Herstedøstervej 27-29, 2620 Albertslund
20165 changesownership 5
  • ABR Mellemholding ABK Aps registered as owner (10%)
  • ABR Mellemholding MAA Aps registered as owner (10%)
  • ABR Mellemholding JEN Aps registered as owner (10%)
  • Spangenberg & Madsen Holding ApS registered as owner (50%)
  • Spangenberg & Madsen Holding ApS is no longer registered as owner
201211 changesmanagement 9 · ownership 2
  • Ove Erik Höilund Mortensen appointed chair of the board
  • Frank Papsø appointed board member
  • Per Stabel appointed board member
  • Michael Lindqvist stepped down as board member
  • Hans Henrik Thorsen stepped down as board member
  • Finn Andersen stepped down as chair of the board
  • Pau Ahler Brorsbøl appointed director
  • Michael Lindqvist appointed board member
  • Hans Henrik Thorsen appointed board member
  • Michael Lindqvist registered as owner (5%)
  • Spangenberg & Madsen Holding ApS registered as owner (90%)
20094 changesmanagement 4
  • Michael Søgaard Rasmussen appointed board member
  • Michael Søgaard Rasmussen appointed director
  • Finn Andersen appointed chair of the board
  • Finn Andersen stepped down as director
20081 changeindustry 1
  • Industry changed to Engineering consultancy in construction and civil engineering (711210)
20073 changesmanagement 3
  • Pau Ahler Brorsbøl appointed board member
  • Ina Marie Jensen Andersen stepped down as board member
  • Poul Flemming Bøgvad Theil stepped down as chair of the board
19974 changesfounded 1 · management 3
  • Registered as SPANGENBERG & MADSEN. RÅDGIVENDE INGENIØRFIRMA A/S
  • Ina Marie Jensen Andersen appointed board member
  • Poul Flemming Bøgvad Theil appointed chair of the board
  • Finn Andersen appointed director

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Same people in management

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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.

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