Stelling A/S

Public limited companyCVR 43907573København KActive

Stelling A/S is a public limited company, based in København K, active in retail sale of other cultural goods n.e.c., founded in 2023. The company went from a profit in 2024 to a loss of DKK 660k in 2025. Measured by gross profit, it ranks no. 3 of 25 companies in the industry in the database. Operations are spread over 6 production units.

PDF report Compare

Key figures · financial year 2025

Gross profitDKK 7.5m−6.3% vs. 2024

Net profit−DKK 660k−2,089.9% vs. 2024

EquityDKK 808k−69.8% vs. 2024

Employees39latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit fell 6% (2024 → 2025), to DKK 7.5m.
Net profit went from a profit of DKK 33,166 to a loss of DKK 660k (2024 → 2025).
Equity fell 70% (2024 → 2025), to DKK 808k.

Employees

13 more employees than a year earlier: 39 (07/2026) against 26 (07/2025).

Management and owners, last 24 months

New in management: Sarah Kalmar Voigt Dyrnits (board member, 27/02/2026).
Stepped down: Michael Verner Østerby (board member, 27/02/2026).

Registrations, last 24 months

01/01/2025: Industry changed to Retail sale of other cultural goods n.e.c. (476990)
31/10/2024: Share capital changed from 400,000 DKK to 1,400,000 DKK

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 2023–2025 · amounts in DKK thousand

Equity and net profit

EquityNet profit

Financial figures for Stelling A/S
	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	–
Gross profit	6,866	7,979	7,473	−6.3%
Operating profit (EBIT)	717	711	−170	−123.9%
Profit before tax	79	68	−633	−1,025.6%
Net profit	141	33	−660	−2,089.9%
Total assets	11,866	12,715	12,647	−0.5%
Equity	1,141	2,674	808	−69.8%
Liabilities	10,726	10,041	11,840	+17.9%
Cash and cash equivalents	334	149	15	−89.7%
Average number of employees	16	20	21	+5%

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 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

Compare with the industry (25 companies)

Gross profitMedian, the industry (25 companies)

Signals from the financial statements

calculated from the 2025 figures

Equity fell sharply
Equity fell 70% from 2024 to 2025 (DKK 2.7m to DKK 808k).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
Low equity ratio
Equity makes up 6% of total assets in 2025.
How is this calculated?
Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

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

3 financial years

Annual reports for Stelling A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	14/07/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	19/06/2025	The company	PDF XBRL
2023	10/03/2023 – 31/12/2023	28/05/2024	The company	PDF XBRL

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

Employees

Position in the industry

25 companies in the database

Comparison with the other companies in retail sale of other cultural goods n.e.c. based on the latest financial year.

Gross profitDKK 7.5mNo. 3 of 25

Better than 92% of the companies in the industry

EquityDKK 808kNo. 10 of 25

Better than 63% of the companies in the industry

Number of employees39No. 3 of 25

Better than 92% of the companies in the industry

Industry median: gross profit DKK 814k, net profit DKK 15,810, equity DKK 200k, 3 employees.

Distribution of gross profit for 23 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
Group	Gross profit	Equity
Companies with 20–49 employees9,922 companies in the comparison	No. 6,693of 9,892 Better than 32%	No. 7,760of 9,922 Better than 22%
Companies that are founded within the last five years16,662 companies in the comparison	No. 1,411of 16,614 Better than 92%	No. 4,465of 16,661 Better than 73%
All companies of type A/S18,025 companies in the comparison	No. 10,292of 17,786 Better than 42%	No. 16,242of 18,024 Better than 10%

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

Retail sale of other cultural goods n.e.c.

Gross profit

Stelling A/SDKK 7.5m
The Army Painter ApSDKK 96.7m
Panduro Hobby A/SDKK 35.4m

Net profit

Stelling A/S−DKK 660k
The Army Painter ApSDKK 36.9m
Panduro Hobby A/SDKK 3.1m

Equity

Stelling A/SDKK 808k
The Army Painter ApSDKK 68.4m
Panduro Hobby A/SDKK 20.8m

Employees

Stelling A/S39
The Army Painter ApS97
Panduro Hobby A/S145

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

Dahl-sørensen A/S33.33%
A. Stelling ApS50%

Stelling A/S

Management

4 active registrations

Executive management

Executive management at Stelling A/S
Name	Role	Appointed
Niels Peter Dahl	Director	10/03/2023

Board of directors

Board of directors at Stelling A/S
Name	Role	Appointed
Niels Dahl-Sørensen	Chair of the board	10/03/2023
Niels Peter Dahl	Board member	10/03/2023
Sarah Kalmar Voigt Dyrnits	Board member	27/02/2026

Auditor: Christensen Kjærulff Statsautoriseret Revisionsaktieselskab
Founders: Dahl-sørensen A/S, A. Stelling ApS

Former management (1)

Former management at Stelling A/S
Name	Role	Appointed	Resigned
Michael Verner Østerby	Board member	10/03/2023	27/02/2026

Signing rule: Selskabet tegnes af en direktør i forening med bestyrelsesformanden, eller af bestyrelsesformanden i forening med et andet medlem af bestyrelsen, eller af den samlede bestyrelse.

Address and production units

6 active production units

Nikolaj Plads 26
1067 København K

København Municipality · Postcode 1067

Production units
Production unit	Address	Industry	Employees	P number
DripsCPH	Lille Kirkestræde 3, 1072 København K	Retail sale of other cultural goods n.e.c.	2	1030766454
Stelling A/S	Nikolaj Plads 26, 1, 1067 København K	Retail sale of other cultural goods n.e.c.	2	1029112033
Stelling - Amagertorv	Amagertorv 9, 1, 1160 København K	Retail sale of other cultural goods n.e.c.	–	1029129661
Stelling - Carlsbergbyen	Bohrsgade 43, 1799 København V	Retail sale of other cultural goods n.e.c.	–	1029129785
Stelling - Magasin Du Nord	Kongens Nytorv 13, 3, 1050 København K	Retail sale of other cultural goods n.e.c.	–	1031454162
Stelling Papir & Penne	Store Kirkestræde 1, 1073 København K	Retail sale of other cultural goods n.e.c.	–	1029129718

Purpose

Selskabets formål er at sælge og producere alle former for kunstnerartikler beslægtet produkter enten direkte eller indirekte gennem medejerskab af andre virksomheder i samme branche. Herudover driver selskabet kursusvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

15 registered events

82023

22024

22025

32026

20263 changesaccounts 1 · management 2

14/07AccountsAnnual report for 2025 published
27/02ManagementSarah Kalmar Voigt Dyrnits appointed board member
27/02ManagementMichael Verner Østerby stepped down as board member

20252 changesaccounts 1 · industry 1

19/06AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Retail sale of other cultural goods n.e.c. (476990)

20242 changescapital 1 · accounts 1

31/10CapitalShare capital changed from 400,000 DKK to 1,400,000 DKK
28/05AccountsAnnual report for 2023 published

20238 changesaddress 1 · founded 1 · management 4 · ownership 2

14/03AddressMoved to Nikolaj Plads 26, 1, 1067 København K
10/03FoundedRegistered as Stelling A/S
10/03ManagementMichael Verner Østerby appointed board member
10/03ManagementNiels Dahl-Sørensen appointed chair of the board
10/03ManagementNiels Peter Dahl appointed director
10/03ManagementNiels Peter Dahl appointed board member
10/03OwnershipDAHL-SØRENSEN A/S registered as owner (33.33%)
10/03OwnershipA. Stelling ApS registered as owner (50%)

Related companies

Same industry in København

Panduro Hobby A/S145 employees
Jul til Døren ApS12 employees
Mega Matraws ApS11 employees
Smyks ApS10 employees
Popup Mysteriet ApS3 employees

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Same people in management

Deko P/Svia Niels Dahl-Sørensen
Anlægsgartner Gottlieb A/Svia Niels Dahl-Sørensen
City Container Danmark A/Svia Niels Dahl-Sørensen
Jyske Finans A/Svia Niels Dahl-Sørensen
City Container A/Svia Niels Dahl-Sørensen
SOA People A/Svia Niels Dahl-Sørensen

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 CVR Report a correction