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Torm A/S

Public limited companyCVR 22460218HellerupActive

Torm A/S is a public limited company, based in Hellerup, active in sea and coastal freight water transport, founded in 1999. Net profit fell 90% from 2024 to 2025, ending at DKK 100.3m. Measured by gross profit, it ranks no. 3 of 103 companies in the industry in the database. With 255 employees, the company is about 20 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 1bn−30.4% vs. 2024
Net profitDKK 100.3m−89.8% vs. 2024
EquityDKK 1.5bn+9.6% vs. 2024
Employees255latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 39% (2024 → 2025), to DKK 388m.
  • Revenue fell 30% (2024 → 2025), to DKK 1bn.
  • Net profit fell 90% (2024 → 2025), to DKK 100.3m.
  • Equity rose 10% (2024 → 2025), to DKK 1.5bn.

Employees

  • 2 fewer employees than a year earlier: 255 (07/2026) against 257 (07/2025).

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 200mDKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bnDKK 1.6bn202020212022202320242025
EquityNet profit
Financial figures for Torm A/S
202020212022202320242025Change
Revenue739,360619,2831,440,0001,481,3631,463,6251,018,993−30.4%
Gross profit–127,460743,708720,935639,096387,980−39.3%
Operating profit (EBIT)−63,83544,731587,000597,072707,220119,221−83.1%
Profit before tax−89,94226,406544,685571,522982,024101,318−89.7%
Net profit−90,83825,213543,598570,171981,249100,258−89.8%
Total assets2,068,8422,108,3242,388,0002,487,5752,039,4551,774,601−13%
Equity519,729544,1921,091,0001,559,7771,324,4841,451,569+9.6%
Liabilities1,549,1131,564,1321,296,694927,796714,971323,032−54.8%
Cash and cash equivalents57,635143,840296,863262,989169,449128,235−24.3%
Average number of employees249232227––––

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.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600mDKK 700m202020212022202320242025
Gross profitMedian, the industry (108 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    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 Torm A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/06/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202325/04/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202230/06/2023The companyPDF not statedXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202030/06/2021The 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

108 companies in the database

Comparison with the other companies in sea and coastal freight water transport based on the latest financial year.

Gross profitDKK 388mNo. 3 of 103
Better than 98% of the companies in the industry
EquityDKK 1.5bnNo. 3 of 108
Better than 98% of the companies in the industry
Number of employees255No. 6 of 108
Better than 95% of the companies in the industry

Industry median: gross profit DKK 5.1m, net profit DKK 919k, equity DKK 15.4m, 13 employees.

DKK 448kDKK 2.7mDKK 15.8mDKK 93.5mDKK 306.2mHere
Distribution of gross profit for 88 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. 94of 763
Better than 88%
No. 45of 796
Better than 94%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 143of 24,791
Better than 99%
No. 148of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 383of 17,786
Better than 98%
No. 301of 18,024
Better than 98%

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

Sea and coastal freight water transport
Gross profit
  1. Torm A/SDKK 388m
  2. Unifeeder A/SDKK 554.1m
  3. Royal Arctic Line A/SDKK 512.4m
Net profit
  1. Torm A/SDKK 100.3m
  2. Unifeeder A/SDKK 208.9m
  3. Royal Arctic Line A/SDKK 10.9m
Equity
  1. Torm A/SDKK 1.5bn
  2. Unifeeder A/SDKK 2.5bn
  3. Royal Arctic Line A/SDKK 648.4m
Employees
  1. Torm A/S255
  2. Unifeeder A/S146
  3. Royal Arctic Line A/S40

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
  • TORM plc100%
Torm A/S

Management

6 active registrations

Executive management

Executive management at Torm A/S
NameRoleAppointed
Jacob Balslev MeldgaardCEO01/04/2010

Board of directors

Board of directors at Torm A/S
NameRoleAppointed
Rasmus Johannes Skaun HoffmannBoard member14/04/2011
Jacob Balslev MeldgaardBoard member02/06/2016
Lene Stampe SørensenBoard member25/06/2021
Kim BalleChair of the board26/03/2024
Liv KjærBoard member17/04/2024
Former management (60)
Former management at Torm A/S
NameRoleAppointedResigned
Eric Michael AgerholmBoard member26/04/199509/04/2003
Niels Christian NielsenDeputy chair05/08/199926/09/2000
Ole NørregaardBoard member05/08/199910/04/2000
Poul Erik LuxhøjBoard member10/04/200026/09/2000
Jørgen Kjergaard MadsenBoard member10/04/200026/09/2000
Jens Erik BehnCEO26/09/200026/09/2000
Gavriil PanayotidesBoard member26/09/200023/04/2012
Lars Peter PedersenDirector26/09/200028/02/2002
Jens Erik BehnChair of the board26/09/200025/04/2002
Klaus KjærulffCEO26/09/200022/09/2008
Klaus NyborgChief financial officer01/03/200202/06/2006
Ditlev Helmer EngelBoard member25/04/200229/06/2007
Søren ElbekBoard member25/04/200209/04/2003
Povl Christian Lütken FrigastDeputy chair25/04/200209/01/2013
Niels Erik NielsenChair of the board25/04/200209/01/2013
Peder MouridsenBoard member09/04/200317/04/2007
Rex William HarringtonBoard member09/04/200319/04/2006
Lennart Arnold Johan ArriasBoard member09/04/200314/04/2011
Torben Ulrik SørensenDeputy board member09/04/200301/05/2005
Stefanos-Niko ZouvelosBoard member19/04/200623/04/2012
Niels Peter Abildgaard NielsenBoard member17/04/200727/04/2012
Margrethe Bligaard ThomasenBoard member17/04/200714/04/2011
Anders Engholm MadsenDeputy board member17/04/200728/04/2010
Niels Boesen KnudsenDeputy board member17/04/200714/04/2011
Einar Michael SteimlerBoard member22/04/200820/08/2009
Bo JagdBoard member22/04/200814/04/2011
Roland Munkerod AndersenDirector26/05/200831/08/2013
Mikael Øpstun SkovCEO22/09/200812/03/2010
Jesper JarlbækBoard member22/04/200909/01/2013
Angelos PapouliasBoard member22/04/200923/04/2012
Kári millum GarðarnarBoard member14/04/201101/07/2017
Anne Marie RasmussenDeputy board member14/04/201111/11/2011
Olivier Jean Michel Gilbert DuboisDeputy chair09/01/201325/08/2015
Alexander James Stuart GreenBoard member09/01/201325/08/2015
Flemming Edvard IpsenChair of the board09/01/201325/08/2015
Jon Christian SyvertsenBoard member09/01/201325/08/2015
Eugene Irwin DavisDeputy board member25/08/201502/06/2016
Jeffrey S SteinDeputy board member25/08/201502/06/2016
David WeinsteinDeputy chair25/08/201502/06/2016
Pär Göran TrappBoard member25/08/201502/06/2016
Christopher Helmut BoehringerChair of the board25/08/201502/06/2016
Torben JanholtBoard member25/08/201502/06/2016
Christian Søgaard-ChristensenChair of the board02/06/201626/03/2018
Christian GorrissenBoard member02/06/201622/05/2019
Lars Bjørn RasmussenBoard member01/07/201727/05/2020
Lars ChristensenChair of the board27/03/201826/03/2024
Christian Søgaard-ChristensenBoard member27/03/201830/06/2019
Susanne Lynggaard JensenBoard member22/05/201925/06/2021
Kim BalleBoard member11/12/201925/03/2024
Christian GorrissenBoard member27/05/202017/04/2024
Niels Roland HolkBoard member–25/04/2002
Jan Sten AndersenDeputy board member–20/04/1999
Erling EngmarkDeputy board member–26/05/1995
Kai Jørgen Engell-JensenChair of the board–23/02/1990
Poul Erik HansenDeputy board member–04/10/1991
Holger PetersenBoard member–04/10/1991
Sven GullevChair of the board–26/09/2000
Peter Vilhelm AlbeckBoard member–26/05/1995
Erik Froh PedersenDeputy board member–26/05/1995
Ole RichBoard member–04/10/1991

Signing rule: Selskabet tegnes af bestyrelsesformanden og ét andet bestyrelsesmedlem i forening eller af bestyrelsesformanden og én direktør i forening.

Address and production units

1 active production units

Tuborg Havnevej 18
2900 Hellerup

Gentofte Municipality · Postcode 2900

Other companies at the address (8)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
TORM A/STuborg Havnevej 18, 2900 Hellerup2521003010091

Purpose

Selskabets formål er at drive skibsfart, befragtning og anden transportvirksomhed, at foretage investeringer, herunder i fast ejendom, samt at drive sådan anden virk- somhed, som efter bestyrelsens skøn står i forbindelse hermed. Formålet kan tilgodeses som eneejer eller som delejer, herunder som aktionær, interessent el. lign. i anden virksomhed, der har nogen af de nævnte formål

The purpose is quoted from the register in Danish.

Changes year by year

151 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20247 changescapital 1 · accounts 1 · management 5
  • Share capital changed from 957,396,585 DKK to 1,228,650,141 DKK
  • Annual report for 2023 published
  • Liv Kjær appointed board member
  • Christian Gorrissen stepped down as board member
  • Kim Balle appointed chair of the board
  • Lars Christensen stepped down as chair of the board
  • Kim Balle stepped down as board member
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaccounts 1 · management 2
  • Annual report for 2020 published
  • Lene Stampe Sørensen appointed board member
  • Susanne Lynggaard Jensen stepped down as board member
20202 changesmanagement 2
  • Christian Gorrissen appointed board member
  • Lars Bjørn Rasmussen stepped down as board member
20194 changesmanagement 4
  • Kim Balle appointed board member
  • Christian Søgaard-Christensen stepped down as board member
  • Susanne Lynggaard Jensen appointed board member
  • Christian Gorrissen stepped down as board member
20183 changesmanagement 3
  • Lars Christensen appointed chair of the board
  • Christian Søgaard-Christensen appointed board member
  • Christian Søgaard-Christensen stepped down as chair of the board
20172 changesmanagement 2
  • Lars Bjørn Rasmussen appointed board member
  • Kári millum Garðarnar stepped down as board member
201615 changesmanagement 9 · ownership 6
  • Christian Gorrissen appointed board member
  • Christian Søgaard-Christensen appointed chair of the board
  • Jacob Balslev Meldgaard appointed board member
  • David Weinstein stepped down as deputy chair
  • Eugene Irwin Davis stepped down as deputy board member
  • Torben Janholt stepped down as board member
  • Christopher Helmut Boehringer stepped down as chair of the board
  • Pär Göran Trapp stepped down as board member
  • Jeffrey S Stein stepped down as deputy board member
  • OCM Njord Holdings S.à. r.l. is no longer registered as owner
  • OCM Njord Holdings S.à. r.l. registered as owner (90%)
  • TORM plc registered as owner (100%)
  • OCM Njord Holdings S.à. r.l. is no longer registered as owner
  • DW Catalyst Master Fund, Ltd. is no longer registered as owner
  • DW Partners LP is no longer registered as owner
201522 changescapital 2 · management 10 · ownership 10
  • Share capital changed from 957,543,746 DKK to 957,396,585 DKK
  • David Weinstein appointed deputy chair
  • Eugene Irwin Davis appointed deputy board member
  • Torben Janholt appointed board member
  • Christopher Helmut Boehringer appointed chair of the board
  • Pär Göran Trapp appointed board member
  • Jeffrey S Stein appointed deputy board member
  • Jon Christian Syvertsen stepped down as board member
  • Alexander James Stuart Green stepped down as board member
  • Flemming Edvard Ipsen stepped down as chair of the board
  • Olivier Jean Michel Gilbert Dubois stepped down as deputy chair
  • Goldman Sachs International is no longer registered as owner
  • Share capital changed from 7,280,000 DKK to 957,543,746 DKK
  • OCM Njord Holdings S.à. r.l. registered as owner (50%)
  • Goldman Sachs International registered as owner (5%)
  • DW Catalyst Master Fund, Ltd. registered as owner (5%)
  • DW Partners LP registered as owner (0%)
  • DANSKE BANK A/S is no longer registered as owner
  • HSH Nordbank is no longer registered as owner
  • Deutsche Bank is no longer registered as owner
  • DBS Bank is no longer registered as owner
  • NORDEA BANK DANMARK A/S is no longer registered as owner
20138 changesmanagement 8
  • Roland Munkerod Andersen stepped down as director
  • Jon Christian Syvertsen appointed board member
  • Alexander James Stuart Green appointed board member
  • Flemming Edvard Ipsen appointed chair of the board
  • Olivier Jean Michel Gilbert Dubois appointed deputy chair
  • Jesper Jarlbæk stepped down as board member
  • Niels Erik Nielsen stepped down as chair of the board
  • Povl Christian Lütken Frigast stepped down as deputy chair
201211 changescapital 2 · ownership 5 · management 4
  • Share capital changed from 728,000 DKK to 7,280,000 DKK
  • DANSKE BANK A/S registered as owner (100%)
  • HSH Nordbank registered as owner (10%)
  • Deutsche Bank registered as owner (5%)
  • DBS Bank registered as owner (5%)
  • NORDEA BANK DANMARK A/S registered as owner (10%)
  • Niels Peter Abildgaard Nielsen stepped down as board member
  • Share capital changed from 364,000,000 DKK to 728,000 DKK
  • Angelos Papoulias stepped down as board member
  • Stefanos-Niko Zouvelos stepped down as board member
  • Gavriil Panayotides stepped down as board member
20118 changesmanagement 8
  • Anne Marie Rasmussen stepped down as deputy board member
  • Kári millum Garðarnar appointed board member
  • Rasmus Johannes Skaun Hoffmann appointed board member
  • Anne Marie Rasmussen appointed deputy board member
  • Bo Jagd stepped down as board member
  • Niels Boesen Knudsen stepped down as deputy board member
  • Margrethe Bligaard Thomasen stepped down as board member
  • Lennart Arnold Johan Arrias stepped down as board member
20103 changesmanagement 3
  • Anders Engholm Madsen stepped down as deputy board member
  • Jacob Balslev Meldgaard appointed ceo
  • Mikael Øpstun Skov stepped down as ceo
20094 changesmanagement 3 · name 1
  • Einar Michael Steimler stepped down as board member
  • Name changed from AKTIESELSKABET 'DAMPSKIBSSELSKABET TORM' to TORM A/S
  • Jesper Jarlbæk appointed board member
  • Angelos Papoulias appointed board member
20086 changesmanagement 5 · industry 1
  • Mikael Øpstun Skov appointed ceo
  • Klaus Kjærulff stepped down as ceo
  • Roland Munkerod Andersen appointed director
  • Bo Jagd appointed board member
  • Einar Michael Steimler appointed board member
  • Industry changed to Sea and coastal freight water transport (502000)
20076 changesmanagement 6
  • Ditlev Helmer Engel stepped down as board member
  • Niels Peter Abildgaard Nielsen appointed board member
  • Niels Boesen Knudsen appointed deputy board member
  • Anders Engholm Madsen appointed deputy board member
  • Margrethe Bligaard Thomasen appointed board member
  • Peder Mouridsen stepped down as board member
20063 changesmanagement 3
  • Klaus Nyborg stepped down as chief financial officer
  • Stefanos-Niko Zouvelos appointed board member
  • Rex William Harrington stepped down as board member
20052 changesmanagement 1 · address 1
  • Torben Ulrik Sørensen stepped down as deputy board member
  • Moved to Tuborg Havnevej 18, 2900 Hellerup
20041 changecapital 1
  • Share capital changed from 182,000,000 DKK to 364,000,000 DKK
20036 changesmanagement 6
  • Torben Ulrik Sørensen appointed deputy board member
  • Rex William Harrington appointed board member
  • Peder Mouridsen appointed board member
  • Lennart Arnold Johan Arrias appointed board member
  • Søren Elbek stepped down as board member
  • Eric Michael Agerholm stepped down as board member
20028 changesmanagement 8
  • Niels Erik Nielsen appointed chair of the board
  • Ditlev Helmer Engel appointed board member
  • Søren Elbek appointed board member
  • Povl Christian Lütken Frigast appointed deputy chair
  • Jens Erik Behn stepped down as chair of the board
  • Niels Roland Holk stepped down as board member
  • Klaus Nyborg appointed chief financial officer
  • Lars Peter Pedersen stepped down as director
20011 changename 1
  • Name changed from AKTIESELSKABET 'DAMPSKIBSSELSKABETTORM' to AKTIESELSKABET 'DAMPSKIBSSELSKABET TORM'
200013 changesmanagement 12 · merger 1
  • Jens Erik Behn appointed chair of the board
  • Gavriil Panayotides appointed board member
  • Klaus Kjærulff appointed ceo
  • Jens Erik Behn appointed ceo
  • Jens Erik Behn stepped down as ceo
  • Lars Peter Pedersen appointed director
  • Poul Erik Luxhøj stepped down as board member
  • Jørgen Kjergaard Madsen stepped down as board member
  • Niels Christian Nielsen stepped down as deputy chair
  • Merger registered in CVR
  • Poul Erik Luxhøj appointed board member
  • Jørgen Kjergaard Madsen appointed board member
  • Ole Nørregaard stepped down as board member
19994 changesfounded 1 · management 3
  • Registered as AKTIESELSKABET 'DAMPSKIBSSELSKABETTORM'
  • Ole Nørregaard appointed board member
  • Niels Christian Nielsen appointed deputy chair
  • Jan Sten Andersen stepped down as deputy board member
19971 changecapital 1
  • Share capital changed from 180,000,000 DKK to 182,000,000 DKK
19953 changesmanagement 3
  • Erik Froh Pedersen stepped down as deputy board member
  • Erling Engmark stepped down as deputy board member
  • Eric Michael Agerholm appointed board member
19941 changecapital 1
  • Share capital changed from 120,000,000 DKK to 180,000,000 DKK

Related companies

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 23/10/2026.

View in CVRReport a correction