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Square1 Nordic A/S

Public limited companyCVR 41385405HerfølgeActive

Square1 Nordic A/S is a public limited company, based in Herfølge, active in wholesale of other machinery and equipment, founded in 2020. The company went from a profit in 2024 to a loss of DKK 1.5m in 2025. Equity fell to DKK 7.8m in 2025.

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Key figures · financial year 2025

Gross profitDKK 4.2m+123.4% vs. 2024
Net profit−DKK 1.5m−169.4% vs. 2024
EquityDKK 7.8m−16.7% vs. 2024
Employees8latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 123% (2024 → 2025), to DKK 4.2m.
  • Net profit went from a profit of DKK 2.2m to a loss of DKK 1.5m (2024 → 2025).
  • Equity fell 17% (2024 → 2025), to DKK 7.8m.

Management and owners, last 24 months

  • New in management: Marianne Thorsen (board member, 27/03/2025) and Thomas Bo Thorsen (chair of the board, 27/03/2025).
  • Stepped down: Thomas Bo Thorsen (director, 27/03/2025), Kim Skaarup (chair of the board, 27/03/2025) and Gary Mark Griffiths (board member, 27/03/2025).

Registrations, last 24 months

  • 22/12/2025: Merger registered in CVR
  • 18/05/2025: Merger registered in CVR

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 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
EquityNet profit
Financial figures for Square1 Nordic A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−17−114971,4311,8954,233+123.4%
Operating profit (EBIT)––216226–––
Profit before tax6695932,3552,4632,245−1,519−167.6%
Net profit6735952,3372,4572,217−1,539−169.4%
Total assets2,8593,4829,78911,44310,9638,389−23.5%
Equity2,5293,1245,1117,5689,3857,822−16.7%
Liabilities3303584,6783,8751,578565−64.2%
Cash and cash equivalents–4554263491,383+296.4%
Average number of employees––2238+166.7%

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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6m202020212022202320242025
Gross profitMedian, the industry (1,000 companies)

Annual reports

6 financial years
Annual reports for Square1 Nordic A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202516/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202402/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202320/02/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/05/2022The companyPDFXBRL
202001/01/2020 – 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
024681008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,000 companies in the database

Comparison with the other companies in wholesale of other machinery and equipment based on the latest financial year.

Gross profitDKK 4.2mNo. 592 of 1,000
Better than 41% of the companies in the industry
EquityDKK 7.8mNo. 396 of 1,000
Better than 60% of the companies in the industry
Number of employees8No. 414 of 1,000
Better than 59% of the companies in the industry

Industry median: gross profit DKK 6m, net profit DKK 772k, equity DKK 4.8m, 6 employees.

DKK 100kDKK 961kDKK 9.2mDKK 88.8mDKK 401.7mHere
Distribution of gross profit for 957 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. 16,127of 69,742
Better than 77%
No. 10,643of 69,964
Better than 85%
Same industry and fewer than 20 employees769 companies in the comparison
No. 365of 769
Better than 53%
No. 200of 769
Better than 74%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 9,946of 33,588
Better than 70%
No. 4,436of 33,687
Better than 87%
All companies of type A/S18,025 companies in the comparison
No. 12,596of 17,786
Better than 29%
No. 9,732of 18,024
Better than 46%

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 other machinery and equipment
Gross profit
  1. Square1 Nordic A/SDKK 4.2m
  2. HydraSpecma A/SDKK 854.1m
  3. Sanovo Technology A/SDKK 779.2m
Net profit
  1. Square1 Nordic A/S−DKK 1.5m
  2. HydraSpecma A/SDKK 142.1m
  3. Sanovo Technology A/SDKK 204.2m
Equity
  1. Square1 Nordic A/SDKK 7.8m
  2. HydraSpecma A/SDKK 1.2bn
  3. Sanovo Technology A/SDKK 592.3m
Employees
  1. Square1 Nordic A/S8
  2. HydraSpecma A/S365
  3. Sanovo Technology A/S216

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
  • Mtt Holding ApS50%
  • MAL Finans ApS50%
Square1 Nordic 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 Square1 Nordic A/S
NameRoleAppointed
Mikkel EngsbroCEO25/09/2023

Board of directors

Board of directors at Square1 Nordic A/S
NameRoleAppointed
Mikkel EngsbroBoard member25/05/2020
Marianne ThorsenBoard member27/03/2025
Thomas Bo ThorsenChair of the board27/03/2025
Founders
MAL Finans ApS
Former management (7)
Former management at Square1 Nordic A/S
NameRoleAppointedResigned
Jørgen FrostBoard member25/05/202005/09/2022
Mikkel EngsbroDirector25/05/202024/09/2023
Gary Mark GriffithsChair of the board25/05/202024/09/2023
Kim SkaarupBoard member05/09/202224/09/2023
Thomas Bo ThorsenDirector25/09/202327/03/2025
Kim SkaarupChair of the board25/09/202327/03/2025
Gary Mark GriffithsBoard member25/09/202327/03/2025

Signing rule: Selskabet tegnes af en direktør eller af bestyrelsesformanden.

Address and production units

2 active production units

Vordingborgvej 82
4681 Herfølge

Køge Municipality · Postcode 4681

Production units
Production unitAddressEmployeesP number
Square1 Nordic A/SDepotvej 3, 4700 Næstved41028718787
Square1 Nordic A/SVordingborgvej 82, 4681 Herfølge11025862232

Purpose

Selskabets formål er at drive handel og industri samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

35 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20258 changesmerger 2 · accounts 1 · management 5
  • Merger registered in CVR
  • Merger registered in CVR
  • Annual report for 2024 published
  • Marianne Thorsen appointed board member
  • Thomas Bo Thorsen appointed chair of the board
  • Kim Skaarup stepped down as chair of the board
  • Thomas Bo Thorsen stepped down as director
  • Gary Mark Griffiths stepped down as board member
20241 changeaccounts 1
  • Annual report for 2023 published
202312 changesaddress 1 · management 7 · accounts 1 · ownership 3
  • Moved to Vordingborgvej 82, 4681 Herfølge
  • Kim Skaarup appointed chair of the board
  • Thomas Bo Thorsen appointed director
  • Gary Mark Griffiths appointed board member
  • Mikkel Engsbro appointed ceo
  • Kim Skaarup stepped down as board member
  • Gary Mark Griffiths stepped down as chair of the board
  • Mikkel Engsbro stepped down as director
  • Annual report for 2022 published
  • MTT HOLDING ApS registered as owner (50%)
  • MAL Finans ApS registered as owner (50%)
  • MAL Finans ApS is no longer registered as owner
20223 changesmanagement 2 · accounts 1
  • Kim Skaarup appointed board member
  • Jørgen Frost stepped down as board member
  • Annual report for 2021 published
20212 changesaccounts 1 · address 1
  • Annual report for 2020 published
  • Moved to Sandvadsvej 17B, 4600 Køge
20208 changesfounded 1 · management 4 · ownership 3
  • Registered as Square1 Nordic A/S
  • Gary Mark Griffiths appointed chair of the board
  • Mikkel Engsbro appointed board member
  • Mikkel Engsbro appointed director
  • Jørgen Frost appointed board member
  • Mikkel Engsbro registered as owner (100%)
  • Mikkel Engsbro is no longer registered as owner
  • MAL Finans ApS registered as owner (100%)

Related companies

Same industry in Køge

See all →

Same people in management

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.

View in CVRReport a correction