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Subra A/S

Public limited companyCVR 35643303FarumActive

Subra A/S is a public limited company, based in Farum, active in treatment and coating of metals, founded in 2014. Equity was negative at the end of 2025 (−DKK 60.9m). The company made a loss in both 2024 and 2025, most recently DKK 43.8m. With 45 employees, the company is about 6 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 9.9m−295.3% vs. 2024
Net profit−DKK 43.8m−621.7% vs. 2024
Equity−DKK 60.9m−256.9% vs. 2024
Employees45latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 295% (2024 → 2025), to −DKK 9.9m.
  • The loss grew: from DKK 6.1m to DKK 43.8m (2024 → 2025).

Employees

  • 9 more employees than a year earlier: 45 (07/2026) against 36 (07/2025).

Management and owners, last 24 months

  • New in management: Martin Riise (director, 08/05/2025), Michael Mayer (board member, 09/04/2026) and Antonia Schmalz (board member, 09/04/2026) (+4).
  • Stepped down: Tage Sand (chair of the board, 09/04/2026), Jakob Saabye-Brøndum (board member, 09/04/2026) and Maria Sand Tandrup (board member, 17/12/2024) (+3).
  • New owners registered: Target Partners Fund II GmbH & Co. KG (08/04/2026), Novo Holdings A/S (09/04/2026) and Awsb Holding ApS (09/04/2026) (+7).
  • No longer registered as owner: Sur-tech A/S (09/03/2026), Awsb Holding ApS (08/04/2026) and Sandrup ApS (08/04/2026) (+1).

Registrations, last 24 months

  • 06/07/2026: Share capital changed from 1,492,811 DKK to 1,602,172 DKK
  • 09/04/2026: Share capital changed from 500,000 DKK to 1,492,811 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 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 70m−DKK 60m−DKK 50m−DKK 40m−DKK 30m−DKK 20m−DKK 10mDKK 0202020212022202320242025
EquityNet profit
Financial figures for Subra A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit660−4329412,0855,060−9,882−295.3%
Operating profit (EBIT)–−2,707−2,701−4,660−5,254−30,322−477.1%
Profit before tax−935–−2,833−4,953−6,074−43,837−621.7%
Net profit−935−2,792−2,841−4,953−6,074−43,837−621.7%
Total assets1,4192,2741,9755,27728,95719,851−31.4%
Equity−406−3,198−6,039−10,993−17,067−60,904−256.9%
Liabilities1,8255,4738,01516,27046,02480,755+75.5%
Cash and cash equivalents1214745693,47427,02713,726−49.2%
Average number of employees337121828+55.6%

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 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
Gross profitMedian, the industry (161 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 60.9m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Subra A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202514/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202409/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202320/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202126/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202011/06/2021The 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
0102030405008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

161 companies in the database

Comparison with the other companies in treatment and coating of metals based on the latest financial year.

Gross profit−DKK 9.9mNo. 160 of 160
Better than 0% of the companies in the industry
Equity−DKK 60.9mNo. 161 of 161
Better than 0% of the companies in the industry
Number of employees45No. 28 of 161
Better than 83% of the companies in the industry

Industry median: gross profit DKK 4.9m, net profit DKK 660k, equity DKK 3.4m, 7 employees.

DKK 229kDKK 1.5mDKK 9.8mDKK 64.6mDKK 226.3m
Distribution of gross profit for 152 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 20–49 employees9,922 companies in the comparison
No. 9,842of 9,892
Better than 1%
No. 9,888of 9,922
Better than 0%
Same industry and 20–49 employees27 companies in the comparison
No. 27of 27
Better than 0%
No. 27of 27
Better than 0%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,500of 33,588
Better than 0%
No. 33,626of 33,687
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 17,692of 17,786
Better than 1%
No. 17,968of 18,024
Better than 0%

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

Treatment and coating of metals
Gross profit
  1. Subra A/S−DKK 9.9m
  2. Dot A/SDKK 423.6m
  3. Skagen SSB ApSDKK 266.7m
Net profit
  1. Subra A/S−DKK 43.8m
  2. Dot A/SDKK 63.2m
  3. Skagen SSB ApSDKK 10.6m
Equity
  1. Subra A/S−DKK 60.9m
  2. Dot A/SDKK 319.7m
  3. Skagen SSB ApSDKK 22m
Employees
  1. Subra A/S45
  2. Dot A/S332
  3. Skagen SSB ApS400

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
  • Target Partners Fund II GmbH & Co. KG5%
  • Novo Holdings A/S20%
  • Awsb Holding ApS15%
  • Maj Invest Minorities I K/S5%
  • SprinD GmbH5%
  • eCAPITAL IV Technologies Fonds GmbH & Co. KG5%
  • Target Partners Opportunities Fund I GmbH & Co. KG5%
  • Sandrup ApS10%
  • Bayern Kapital Innovationsfonds EFRE II GmbH & Co. KG5%
Subra A/S

Management

8 active registrations

Executive management

Executive management at Subra A/S
NameRoleAppointed
Anders Christian WulffCEO15/02/2018
Maria Sand TandrupDirector01/08/2022
Sarah BørresenDirector01/08/2022
Martin RiiseDirector08/05/2025

Board of directors

Board of directors at Subra A/S
NameRoleAppointed
Anders Christian WulffBoard member20/01/2014
Michael MayerBoard member09/04/2026
Antonia SchmalzBoard member09/04/2026
Anders Bendsen SpohrChair of the board08/09/2026
Founders
Holm Lundeman Holding ApS, Awsb Holding ApS, Jobh Holding IVS
Former management (12)
Former management at Subra A/S
NameRoleAppointedResigned
Jørn Otto Bindslev HansenBoard member20/01/201431/01/2015
Jørn Otto Bindslev HansenDirector20/01/201431/01/2015
Jesper Holm LundemanBoard member20/01/201417/05/2021
Jesper Holm LundemanCEO01/02/201515/02/2018
Tage SandBoard member07/03/201818/03/2018
Lars TrabergBoard member07/03/201801/02/2023
Tage SandChair of the board19/03/201809/04/2026
Jakob Saabye-BrøndumBoard member17/05/202109/04/2026
Maria Sand TandrupBoard member17/05/202117/12/2024
Sarah BørresenBoard member17/12/202409/04/2026
Marcus Ludger RemmersBoard member17/12/202408/04/2026
Marcus Ludger RemmersChair of the board09/04/202608/09/2026

Signing rule: Selskabet tegnes af den samlede bestyrelse eller af bestyrelsens formand og den administrerende direktør i forening.

Address and production units

2 active production units

Bygmarken 4
3520 Farum

Furesø Municipality · Postcode 3520

Production units
Production unitAddressEmployeesP number
SUBRA A/SBygmarken 4, 3520 Farum421019057573
Subra MåløvMåløv Værkstedsby 1, 2760 Måløv91032400694

Purpose

Selskabets formål er at producere teknologi og komponenter til superlederindustrien, herunder metalsubstrater, detektorer og superledermagneter

The purpose is quoted from the register in Danish.

Changes year by year

82 registered events
202626 changesmanagement 9 · accounts 1 · capital 2 · ownership 14
  • Anders Bendsen Spohr appointed chair of the board
  • Marcus Ludger Remmers stepped down as chair of the board
  • Annual report for 2025 published
  • Share capital changed from 1,492,811 DKK to 1,602,172 DKK
  • SANDRUP ApS registered as owner (10%)
  • Bayern Kapital Innovationsfonds EFRE II GmbH & Co. KG registered as owner (5%)
  • SANDRUP ApS is no longer registered as owner
  • Share capital changed from 500,000 DKK to 1,492,811 DKK
  • Marcus Ludger Remmers appointed chair of the board
  • Antonia Schmalz appointed board member
  • Michael Mayer appointed board member
  • Sarah Børresen stepped down as board member
  • Jakob Saabye-Brøndum stepped down as board member
  • Tage Sand stepped down as chair of the board
  • SANDRUP ApS registered as owner (15%)
  • Novo Holdings A/S registered as owner (20%)
  • AWSB HOLDING ApS registered as owner (15%)
  • Maj Invest Minorities I K/S registered as owner (5%)
  • SprinD GmbH registered as owner (5%)
  • eCAPITAL IV Technologies Fonds GmbH & Co. KG registered as owner (5%)
  • Target Partners Opportunities Fund I GmbH & Co. KG registered as owner (5%)
  • Marcus Ludger Remmers stepped down as board member
  • Target Partners Fund II GmbH & Co. KG registered as owner (5%)
  • SANDRUP ApS is no longer registered as owner
  • AWSB HOLDING ApS is no longer registered as owner
  • SUR-TECH A/S is no longer registered as owner
20252 changesaccounts 1 · management 1
  • Annual report for 2024 published
  • Martin Riise appointed director
20244 changesmanagement 3 · accounts 1
  • Marcus Ludger Remmers appointed board member
  • Sarah Børresen appointed board member
  • Maria Sand Tandrup stepped down as board member
  • Annual report for 2023 published
20235 changesaccounts 1 · management 1 · ownership 3
  • Annual report for 2022 published
  • Lars Traberg stepped down as board member
  • SANDRUP ApS registered as owner (33.33%)
  • ETCH A/S is no longer registered as owner
  • SANDRUP ApS is no longer registered as owner
20224 changesmanagement 2 · accounts 1 · address 1
  • Maria Sand Tandrup appointed director
  • Sarah Børresen appointed director
  • Annual report for 2021 published
  • Moved to Bygmarken 4, 3520 Farum
20219 changesaccounts 1 · name 1 · management 3 · ownership 4
  • Annual report for 2020 published
  • Name changed from SUBRA Substrates A/S to SUBRA A/S
  • Maria Sand Tandrup appointed board member
  • Jakob Saabye-Brøndum appointed board member
  • Jesper Holm Lundeman stepped down as board member
  • SANDRUP ApS registered as owner (25%)
  • AWSB HOLDING ApS registered as owner (50%)
  • HOLM LUNDEMAN HOLDING ApS is no longer registered as owner
  • AWSB HOLDING ApS is no longer registered as owner
20201 changeaddress 1
  • Moved to Bygmarken 1, 3520 Farum
201819 changesaddress 2 · management 6 · name 2 · industry 1 · capital 2 · ownership 6
  • Moved to Bygmarken 1, 3520 Farum
  • Moved to Bygmarken 1, 3520 Farum
  • Tage Sand appointed chair of the board
  • Tage Sand stepped down as board member
  • Name changed from SUBRA Substrates ApS to SUBRA Substrates A/S
  • Industry changed to Manufacture of cutlery and edge tools (256100)
  • Share capital changed from 50,000 DKK to 500,000 DKK
  • Tage Sand appointed board member
  • Lars Traberg appointed board member
  • ETCH A/S registered as owner (10%)
  • HOLM LUNDEMAN HOLDING ApS registered as owner (33.33%)
  • SUR-TECH A/S registered as owner (10%)
  • AWSB HOLDING ApS registered as owner (33.33%)
  • HOLM LUNDEMAN HOLDING ApS is no longer registered as owner
  • AWSB HOLDING ApS is no longer registered as owner
  • Name changed from SUBRA FUSION TECHNOLOGY IVS to SUBRA Substrates ApS
  • Share capital changed from 9,000 DKK to 50,000 DKK
  • Anders Christian Wulff appointed ceo
  • Jesper Holm Lundeman stepped down as ceo
20155 changesmanagement 3 · ownership 2
  • Jesper Holm Lundeman appointed ceo
  • Jørn Otto Bindslev Hansen stepped down as director
  • Jørn Otto Bindslev Hansen stepped down as board member
  • HOLM LUNDEMAN HOLDING ApS registered as owner (50%)
  • AWSB HOLDING ApS registered as owner (50%)
20147 changesname 1 · industry 1 · founded 1 · management 4
  • Name changed from SUBRA IVS to SUBRA FUSION TECHNOLOGY IVS
  • Industry changed to Anden finansiel formidling undtagen forsikring og pensionsforsikring, i.a.n. (649900)
  • Registered as SUBRA IVS
  • Jørn Otto Bindslev Hansen appointed director
  • Jørn Otto Bindslev Hansen appointed board member
  • Jesper Holm Lundeman appointed board member
  • Anders Christian Wulff appointed board member

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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. 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