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Topcoat A/S

Public limited companyCVR 27361862SkagenActive

Topcoat A/S is a public limited company, based in Skagen, active in treatment and coating of metals, founded in 2003. Net profit fell 89% from 2024 to 2025, ending at DKK 800k. Equity fell to DKK 6.9m in 2025. Gross profit is higher than that of 79% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 13.7m+2.3% vs. 2024
Net profitDKK 800k−88.7% vs. 2024
EquityDKK 6.9m−36.1% vs. 2024
Employees14latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 2% (2024 → 2025), to DKK 13.7m.
  • Net profit fell 89% (2024 → 2025), to DKK 800k.
  • Equity fell 36% (2024 → 2025), to DKK 6.9m.

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
EquityNet profit
Financial figures for Topcoat A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit17,06012,57812,86518,30613,38113,691+2.3%
Operating profit (EBIT)3,854−477−3,6545,2268381,571+87.4%
Profit before tax4,119−473−3,6055,0927,1621,053−85.3%
Net profit3,296−3,215−2,9514,0047,099800−88.7%
Total assets25,82621,54918,83121,93129,67718,824−36.6%
Equity10,2726,0573,1067,10910,8086,908−36.1%
Liabilities15,32215,15415,58214,71018,71811,762−37.2%
Cash and cash equivalents1,6030––5,5743,455−38%
Average number of employees2121191916160%

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18m202020212022202320242025
Gross profitMedian, the industry (161 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 36% from 2024 to 2025 (DKK 10.8m to DKK 6.9m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

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 Topcoat A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202524/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202405/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202310/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202219/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202119/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202027/05/2021The 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
0246810121416182009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 profitDKK 13.7mNo. 35 of 160
Better than 79% of the companies in the industry
EquityDKK 6.9mNo. 49 of 161
Better than 70% of the companies in the industry
Number of employees14No. 45 of 161
Better than 73% 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 226.3mHere
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 fewer than 20 employees69,967 companies in the comparison
No. 2,812of 69,742
Better than 96%
No. 11,568of 69,964
Better than 83%
Same industry and fewer than 20 employees118 companies in the comparison
No. 5of 117
Better than 97%
No. 16of 118
Better than 87%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 4,660of 24,791
Better than 81%
No. 8,223of 24,909
Better than 67%
All companies of type A/S18,025 companies in the comparison
No. 7,595of 17,786
Better than 57%
No. 10,227of 18,024
Better than 43%

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. Topcoat A/SDKK 13.7m
  2. Dot A/SDKK 423.6m
  3. Skagen SSB ApSDKK 266.7m
Net profit
  1. Topcoat A/SDKK 800k
  2. Dot A/SDKK 63.2m
  3. Skagen SSB ApSDKK 10.6m
Equity
  1. Topcoat A/SDKK 6.9m
  2. Dot A/SDKK 319.7m
  3. Skagen SSB ApSDKK 22m
Employees
  1. Topcoat A/S14
  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
  • Nordgaard Holding Skagen ApS33.33%
  • Amm Holding Skagen ApS25%
  • NF Skagen Holding ApS33.33%
Topcoat A/S

Management

4 active registrations

Executive management

Executive management at Topcoat A/S
NameRoleAppointed
Tony Nordgaard OlesenDirector29/09/2003

Board of directors

Board of directors at Topcoat A/S
NameRoleAppointed
Tony Nordgaard OlesenBoard member07/07/2011
Frank Peter PedersenChair of the board07/07/2011
Lasse OlesenBoard member21/06/2017
Founders
Tony Nordgaard Olesen, Frank Peter Pedersen
Former management (2)
Former management at Topcoat A/S
NameRoleAppointedResigned
Frank Peter PedersenDirector29/09/200307/07/2011
Dorthe Weesgaard OlesenBoard member07/07/201121/06/2017

Signing rule: Selskabet tegnes af formanden for bestyrelsen i forening med en direktør eller af den samlede bestyrelse

Address and production units

1 active production units

Musketervej 3
9990 Skagen

Frederikshavn Municipality · Postcode 9990

Production units
Production unitAddressEmployeesP number
TOPCOAT A/SMusketervej 3, 9990 Skagen141010118898

Purpose

Selskabets formål er drive sandblæsning / malervirksomhed, - overfladebehandling samt anden dermed efter bestyrelsens skøn beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

26 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20177 changesmanagement 2 · ownership 5
  • Lasse Olesen appointed board member
  • Dorthe Weesgaard Olesen stepped down as board member
  • NORDGAARD HOLDING SKAGEN ApS registered as owner (33.33%)
  • AMM HOLDING SKAGEN ApS registered as owner (25%)
  • NF Skagen Holding ApS registered as owner (33.33%)
  • NORDGAARD HOLDING SKAGEN ApS is no longer registered as owner
  • AMM HOLDING SKAGEN ApS is no longer registered as owner
20117 changesname 1 · management 4 · ownership 2
  • Name changed from TOPCOAT ApS to TOPCOAT A/S
  • Dorthe Weesgaard Olesen appointed board member
  • Tony Nordgaard Olesen appointed board member
  • Frank Peter Pedersen appointed chair of the board
  • Frank Peter Pedersen stepped down as director
  • NORDGAARD HOLDING SKAGEN ApS registered as owner (50%)
  • AMM HOLDING SKAGEN ApS registered as owner (50%)
20072 changescapital 1 · address 1
  • Share capital changed from 130,000 DKK to 500,000 DKK
  • Moved to Musketervej 3, 9990 Skagen
20034 changesindustry 1 · founded 1 · management 2
  • Industry changed to Overfladebehandling af metal (285100)
  • Registered as TOPCOAT ApS
  • Frank Peter Pedersen appointed director
  • Tony Nordgaard Olesen appointed director

Related companies

Same industry in Frederikshavn

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Same people in management

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 CVRReport a correction