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TL Byg A/S

Public limited companyCVR 74101119Aalborg SVActive

TL Byg A/S is a public limited company, based in Aalborg SV, active in construction of buildings, founded in 1983. Net profit fell 38% from 2025 to 2026, ending at DKK 4.9m. With 137 employees, the company is about 27 times larger than the industry median. Gross profit is higher than that of 97% of the companies in the industry in the database.

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Key figures · financial year 2026

Gross profitDKK 83.8m−11% vs. 2025
Net profitDKK 4.9m−37.6% vs. 2025
EquityDKK 56.2m+1.6% vs. 2025
Employees137latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 11% (2025 → 2026), to DKK 83.8m.
  • Net profit fell 38% (2025 → 2026), to DKK 4.9m.
  • Equity rose 2% (2025 → 2026), to DKK 56.2m.

Employees

  • 8 more employees than a year earlier: 137 (07/2026) against 129 (07/2025).

Management and owners, last 24 months

  • New in management: Rune Hyllested (chair of the board, 25/02/2025).
  • Stepped down: Georg Thinggaard (board member, 21/10/2025), Mikael Kristian Vest (chair of the board, 25/02/2025) and Rune Hyllested (board member, 24/02/2025).
  • New owners registered: LaBU ApS (01/07/2025) and FREJ Holding ApS (01/07/2025).
  • No longer registered as owner: Lathi Development ApS (01/07/2025), LaBU ApS (30/06/2025) and FREJ Holding ApS (30/06/2025) (+1).

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 2021–2026 · amounts in DKK thousand

Equity and net profit

−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202120222023202420252026
EquityNet profit
Financial figures for TL Byg A/S
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit104,09792,98097,63797,14294,10183,784−11%
Operating profit (EBIT)−1,3484,44716,01317,9519,5785,204−45.7%
Profit before tax−2,9372,96913,16618,52210,0415,960−40.6%
Net profit−2,2932,31410,25514,4377,7984,867−37.6%
Total assets119,516120,405173,435186,259159,193146,124−8.2%
Equity28,50030,81441,06955,50655,30456,171+1.6%
Liabilities82,35280,302120,675112,47795,46082,175−13.9%
Cash and cash equivalents15,86412,52495,167100,200106,88439,420−63.1%
Average number of employees179156138123131123−6.1%

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 2021, 2022, 2023, 2024, 2025, 2026: 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 100m202120222023202420252026
Gross profitMedian, the industry (914 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Profit for five years in a row

    Net result has been positive in 2022–2026.

    How is this calculated?

    Net result is positive in the five 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 TL Byg A/S
Financial yearPeriodPublishedFigures forDocuments
202601/07/2025 – 30/06/202609/10/2026The companyPDF not statedXBRL
202501/07/2024 – 30/06/202531/10/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202430/09/2024The companyPDFXBRL
202301/07/2022 – 30/06/202316/10/2023The companyPDFXBRL
202201/07/2021 – 30/06/202227/10/2022The companyPDFXBRL
202101/07/2020 – 30/06/202112/10/2021The 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
02040608010012014008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

914 companies in the database

Comparison with the other companies in construction of buildings based on the latest financial year.

Gross profitDKK 83.8mNo. 31 of 910
Better than 97% of the companies in the industry
EquityDKK 56.2mNo. 60 of 914
Better than 94% of the companies in the industry
Number of employees137No. 27 of 914
Better than 97% of the companies in the industry

Industry median: gross profit DKK 3.1m, net profit DKK 305k, equity DKK 1.8m, 5 employees.

DKK 100kDKK 927kDKK 8.6mDKK 79.7mDKK 351.9mHere
Distribution of gross profit for 851 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. 895of 4,412
Better than 80%
No. 1,109of 4,466
Better than 75%
Same industry and 50–199 employees73 companies in the comparison
No. 12of 73
Better than 85%
No. 14of 73
Better than 82%
Companies that are at least 30 years old10,276 companies in the comparison
No. 979of 10,152
Better than 90%
No. 1,850of 10,275
Better than 82%
All companies of type A/S18,025 companies in the comparison
No. 1,843of 17,786
Better than 90%
No. 3,321of 18,024
Better than 82%

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 buildings
Gross profit
  1. TL Byg A/SDKK 83.8m
  2. Per Aarsleff A/SDKK 739.2m
  3. NCC Danmark A/SDKK 720.4m
Net profit
  1. TL Byg A/SDKK 4.9m
  2. Per Aarsleff A/SDKK 279.8m
  3. NCC Danmark A/SDKK 316.9m
Equity
  1. TL Byg A/SDKK 56.2m
  2. Per Aarsleff A/SDKK 1.5bn
  3. NCC Danmark A/SDKK 538.1m
Employees
  1. TL Byg A/S137
  2. Per Aarsleff A/S2,957
  3. NCC Danmark A/S1,748

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
  • LaBU ApS100%
TL Byg A/S

Management

5 active registrations

Executive management

Executive management at TL Byg A/S
NameRoleAppointed
Jesper Francois Borup HoffmannDirector01/01/2022

Board of directors

Board of directors at TL Byg A/S
NameRoleAppointed
Flemming Nørgaard LarsenBoard member01/11/2014
Claus ThinggaardBoard member20/09/2016
Morten BuusBoard member28/06/2021
Rune HyllestedChair of the board25/02/2025
Former management (18)
Former management at TL Byg A/S
NameRoleAppointedResigned
Georg ThinggaardBoard member20/12/198321/10/2025
Georg ThinggaardDirector20/12/198325/09/2013
Flemming Nørgaard LarsenDirector20/12/198331/08/2014
Britta Nørgaard ThinggaardBoard member20/12/198327/09/2010
Gerda LarsenBoard member20/12/198327/09/2010
Jens Peter BørstingBoard member27/09/201020/09/2016
Knud DahlBoard member27/09/201025/09/2013
David Krogh StevnhovedDirector01/08/201131/10/2014
David Krogh StevnhovedBoard member25/09/201317/09/2018
Mikael Kristian VestChair of the board25/09/201325/02/2025
Jens Peter Daugbjerg NielsenDirector01/11/201401/06/2018
David Krogh StevnhovedCEO01/11/201401/06/2018
Morten BuusDirector01/11/201401/06/2018
Peter BoltauDirector01/06/201828/06/2021
Knud DahlBoard member17/09/201807/12/2020
Georg ThinggaardDirector28/06/202101/01/2022
Flemming Nørgaard LarsenDirector28/06/202101/01/2022
Rune HyllestedBoard member25/09/202424/02/2025

Signing rule: Selskabet tegnes af direktøren i forening med et bestyrelsesmedlem, eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Gartnervej 9
9200 Aalborg SV

Aalborg Municipality · Postcode 9200

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
TL BYG A/SGartnervej 9, 9200 Aalborg SV1421003184989

Purpose

Selskabets formål er at drive bygge- og anlægsvirksomhed

The purpose is quoted from the register in Danish.

Changes year by year

69 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
202511 changesaccounts 1 · management 4 · ownership 6
  • Annual report for 2025 published
  • Georg Thinggaard stepped down as board member
  • FREJ Holding ApS registered as owner (50%)
  • FREJ Holding ApS is no longer registered as owner
  • LaBU ApS registered as owner (100%)
  • Lathi Development ApS is no longer registered as owner
  • LaBU ApS is no longer registered as owner
  • FREJ Holding ApS is no longer registered as owner
  • Rune Hyllested appointed chair of the board
  • Mikael Kristian Vest stepped down as chair of the board
  • Rune Hyllested stepped down as board member
20242 changesaccounts 1 · management 1
  • Annual report for 2024 published
  • Rune Hyllested appointed board member
20231 changeaccounts 1
  • Annual report for 2023 published
20224 changesaccounts 1 · management 3
  • Annual report for 2022 published
  • Jesper Francois Borup Hoffmann appointed director
  • Georg Thinggaard stepped down as director
  • Flemming Nørgaard Larsen stepped down as director
20216 changesaccounts 1 · management 4 · capital 1
  • Annual report for 2021 published
  • Morten Buus appointed board member
  • Georg Thinggaard appointed director
  • Flemming Nørgaard Larsen appointed director
  • Peter Boltau stepped down as director
  • Share capital changed from 500,000 DKK to 600,000 DKK
20201 changemanagement 1
  • Knud Dahl stepped down as board member
20188 changesmanagement 6 · ownership 2
  • Knud Dahl appointed board member
  • David Krogh Stevnhoved stepped down as board member
  • Peter Boltau appointed director
  • David Krogh Stevnhoved stepped down as ceo
  • Jens Peter Daugbjerg Nielsen stepped down as director
  • Morten Buus stepped down as director
  • LaBU ApS registered as owner (25%)
  • FREJ Holding ApS registered as owner (25%)
20175 changesownership 5
  • LARSEN HOLDING, AALBORG af den 22.06.2005 ApS is no longer registered as owner
  • FREJ HOLDING ApS is no longer registered as owner
  • LARSEN HOLDING, AALBORG af den 22.06.2005 ApS registered as owner (25%)
  • FREJ HOLDING ApS registered as owner (25%)
  • LATHI af 27.05.1997 A/S is no longer registered as owner
20162 changesmanagement 2
  • Claus Thinggaard appointed board member
  • Jens Peter Børsting stepped down as board member
20146 changesmanagement 6
  • David Krogh Stevnhoved appointed ceo
  • Jens Peter Daugbjerg Nielsen appointed director
  • Morten Buus appointed director
  • Flemming Nørgaard Larsen appointed board member
  • David Krogh Stevnhoved stepped down as director
  • Flemming Nørgaard Larsen stepped down as director
20134 changesmanagement 4
  • Mikael Kristian Vest appointed chair of the board
  • David Krogh Stevnhoved appointed board member
  • Knud Dahl stepped down as board member
  • Georg Thinggaard stepped down as director
20111 changemanagement 1
  • David Krogh Stevnhoved appointed director
20104 changesmanagement 4
  • Knud Dahl appointed board member
  • Jens Peter Børsting appointed board member
  • Gerda Larsen stepped down as board member
  • Britta Nørgaard Thinggaard stepped down as board member
20092 changesownership 2
  • LATHI af 27.05.1997 A/S registered as owner (50%)
  • Lathi Development ApS registered as owner (33.33%)
20081 changeindustry 1
  • Industry changed to Opførelse af bygninger (412000)
19991 changename 1
  • Name changed from TL BYG. FREJLEV A/S to TL BYG A/S
19961 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
19872 changescapital 1 · name 1
  • Share capital changed from 220,000 DKK to 300,000 DKK
  • Name changed from T.L. BYG, FREJLEV ApS to TL BYG. FREJLEV A/S
19836 changesfounded 1 · management 5
  • Registered as T.L. BYG, FREJLEV ApS
  • Georg Thinggaard appointed director
  • Gerda Larsen appointed board member
  • Britta Nørgaard Thinggaard appointed board member
  • Georg Thinggaard appointed board member
  • Flemming Nørgaard Larsen appointed director

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Same people in management

Largest in the industry

See all →

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.

View in CVRReport a correction