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Terranor A/S

Public limited companyCVR 40598081SilkeborgActive

Terranor A/S is a public limited company, based in Silkeborg, active in construction of roads and motorways, founded in 2019. The company went from a profit in 2024 to a loss of DKK 124k in 2025. Measured by gross profit, it ranks no. 3 of 94 companies in the industry in the database. Operations are spread over 14 production units in 11 towns.

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Key figures · financial year 2025

Gross profitDKK 163m−2.5% vs. 2024
Net profit−DKK 124k−115% vs. 2024
EquityDKK 26.6m−0.5% vs. 2024
Employees265latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 2% (2024 → 2025), to DKK 163m.
  • Net profit went from a profit of DKK 825k to a loss of DKK 124k (2024 → 2025).

Employees

  • 18 more employees than a year earlier: 265 (07/2026) against 247 (07/2025).

Management and owners, last 24 months

  • New in management: Michael Leif Berglin (chair of the board, 14/05/2025) and Inka Maija Kontturi (board member, 03/11/2025).
  • Stepped down: David Margula (chair of the board, 14/05/2025) and Wolfgang Lichtenwalder (board member, 03/11/2025).

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 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
EquityNet profit
Financial figures for Terranor A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit115,56193,943146,415149,874167,120162,966−2.5%
Operating profit (EBIT)1,342−11,5904,251−11,4107,1603,963−44.7%
Profit before tax−268−11,5172,211−15,5731,056255−75.9%
Net profit−267−8,9741,663−12,104825−124−115%
Total assets123,32169,876137,212179,799144,134174,635+21.2%
Equity45,30436,33037,99325,88926,71426,590−0.5%
Liabilities71,76925,16483,710153,071116,883147,129+25.9%
Cash and cash equivalents32,5004,4512,0100–––
Average number of employees190175228251241247+2.5%

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 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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140mDKK 160m202020212022202320242025
Gross profitMedian, the industry (95 companies)

Annual reports

6 financial years
Annual reports for Terranor A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202417/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202222/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202121/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202002/06/2021The 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
05010015020025030008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

95 companies in the database

Comparison with the other companies in construction of roads and motorways based on the latest financial year.

Gross profitDKK 163mNo. 3 of 94
Better than 98% of the companies in the industry
EquityDKK 26.6mNo. 11 of 95
Better than 89% of the companies in the industry
Number of employees265No. 3 of 95
Better than 98% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 385k, equity DKK 1.8m, 4 employees.

DKK 100kDKK 813kDKK 6.6mDKK 53.7mDKK 217.2mHere
Distribution of gross profit for 93 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 200–499 employees796 companies in the comparison
No. 378of 763
Better than 51%
No. 611of 796
Better than 23%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 197of 33,588
Better than 99%
No. 1,885of 33,687
Better than 94%
All companies of type A/S18,025 companies in the comparison
No. 983of 17,786
Better than 94%
No. 5,281of 18,024
Better than 71%

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

Construction of roads and motorways
Gross profit
  1. Terranor A/SDKK 163m
  2. M.j. Eriksson AktieselskabDKK 436.6m
  3. Arkil A/SDKK 320.4m
Net profit
  1. Terranor A/S−DKK 124k
  2. M.j. Eriksson AktieselskabDKK 305.3m
  3. Arkil A/SDKK 120.7m
Equity
  1. Terranor A/SDKK 26.6m
  2. M.j. Eriksson AktieselskabDKK 1bn
  3. Arkil A/SDKK 537.8m
Employees
  1. Terranor A/S265
  2. M.j. Eriksson Aktieselskab1,005
  3. Arkil A/S1,296

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
  • Terranor AB100%
Terranor A/S

Management

4 active registrations

Executive management

Executive management at Terranor A/S
NameRoleAppointed
Ivan Dalgaard PedersenCEO03/06/2021

Board of directors

Board of directors at Terranor A/S
NameRoleAppointed
Ivan Dalgaard PedersenBoard member31/05/2021
Michael Leif BerglinChair of the board14/05/2025
Inka Maija KontturiBoard member03/11/2025
Founders
Nordic Road Services AB
Former management (12)
Former management at Terranor A/S
NameRoleAppointedResigned
Palle Bjerre RasmussenDirector20/06/201931/05/2021
Flemming Frans Aarup CarlsenDirector20/06/201931/05/2021
Tomas Carl Georg CarlssonChair of the board20/06/201931/05/2021
Ann-Marie Inez HedbeckBoard member20/06/201931/05/2021
Karin Susanne LithanderBoard member20/06/201931/05/2021
Ilkka Tapio KortelainenBoard member20/06/201931/05/2021
Ivan Dalgaard PedersenDirector14/10/201902/06/2021
Kjell Andreas AhlbergDirector14/10/201931/05/2021
David MargulaChair of the board31/05/202114/05/2025
Wolfgang LichtenwalderBoard member31/05/202103/11/2025
Carl Erik Hjortshøj NielsenDirector03/06/202110/08/2022
Lars Pilgaard NielsenDirector03/06/202110/08/2022

Signing rule: Selskabet tegnes af en direktør, to bestyrelsesmedlemmer i forening, af bestyrelsesformanden, eller af den samlede bestyrelse.

Address and production units

14 active production units

Hårup Bygade 20
8600 Silkeborg

Silkeborg Municipality · Postcode 8600

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Terranor A/SMåbjerg Skolevej 48, 7500 Holstebro141025018318
Terranor A/SHårup Bygade 20, 8600 Silkeborg121025018636
Terranor A/SSivlandvænget 7A, 5260 Odense S111025018458
Terranor A/SX-Vej 5, 2300 København S71025174131
Terranor A/SGøteborgvej 14, 9200 Aalborg SV61025018571
Terranor A/SPlatinvej 26G, 6000 Kolding61025018164
Terranor A/SBugattivej 9, 7100 Vejle51025202747
Terranor a/SPlatinvej 24C, 6000 Kolding51025018644
Terranor A/SHårup Bygade 20, 8600 Silkeborg11024799634
Terranor A/STingbjergvej 2, 4632 Bjæverskov11025843092
Terranor A/SLundholmvej 4, 7500 Holstebro11025018652
Terranor A/SHåndværkervej 40, 6270 Tønder–1032233704
Terranor A/SJyllandsvej 15, 7330 Brande–1031734491
Terranor A/SGrøddevej 27, 7430 Ikast–1031734513

Purpose

Selskabets formål er, direkte eller indirekte gennem deltagelse i andre selskaber, at drive og levere ydelser inden for trafik, land, konstruktion og bygningsingeniørarbejde og til at eje og administrere fast ejendom samt anden hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

43 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20255 changesmanagement 4 · accounts 1
  • Inka Maija Kontturi appointed board member
  • Wolfgang Lichtenwalder stepped down as board member
  • Annual report for 2024 published
  • Michael Leif Berglin appointed chair of the board
  • David Margula stepped down as chair of the board
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesmanagement 2 · accounts 1
  • Carl Erik Hjortshøj Nielsen stepped down as director
  • Lars Pilgaard Nielsen stepped down as director
  • Annual report for 2021 published
202119 changesaddress 1 · management 14 · accounts 1 · name 1 · ownership 2
  • Moved to Hårup Bygade 20, 8600 Silkeborg
  • Carl Erik Hjortshøj Nielsen appointed director
  • Ivan Dalgaard Pedersen appointed ceo
  • Lars Pilgaard Nielsen appointed director
  • Ivan Dalgaard Pedersen stepped down as director
  • Annual report for 2020 published
  • Name changed from NCC Road Services A/S to Terranor A/S
  • David Margula appointed chair of the board
  • Wolfgang Lichtenwalder appointed board member
  • Ivan Dalgaard Pedersen appointed board member
  • Kjell Andreas Ahlberg stepped down as director
  • Ilkka Tapio Kortelainen stepped down as board member
  • Karin Susanne Lithander stepped down as board member
  • Palle Bjerre Rasmussen stepped down as director
  • Ann-Marie Inez Hedbeck stepped down as board member
  • Flemming Frans Aarup Carlsen stepped down as director
  • Tomas Carl Georg Carlsson stepped down as chair of the board
  • Terranor AB registered as owner (100%)
  • Nordic Road Services Holding AB is no longer registered as owner
201913 changesmanagement 8 · ownership 3 · name 1 · founded 1
  • Ivan Dalgaard Pedersen appointed director
  • Kjell Andreas Ahlberg appointed director
  • Nordic Road Services Holding AB registered as owner (100%)
  • Nordic Road Services AB is no longer registered as owner
  • Name changed from Nordic Road Services A/S to NCC Road Services A/S
  • Registered as Nordic Road Services A/S
  • Ilkka Tapio Kortelainen appointed board member
  • Karin Susanne Lithander appointed board member
  • Palle Bjerre Rasmussen appointed director
  • Ann-Marie Inez Hedbeck appointed board member
  • Flemming Frans Aarup Carlsen appointed director
  • Tomas Carl Georg Carlsson appointed chair of the board
  • Nordic Road Services AB registered as owner (100%)

Related companies

Same industry in Silkeborg

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 23/10/2026.

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