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TOWII Renewables A/S

Public limited companyCVR 31088658VejleActive

TOWII Renewables A/S is a public limited company, based in Vejle, active in investment on own account, founded in 2007. The company went from a profit in 2024 to a loss of DKK 1.8m in 2025. With 14 employees, the company is about 14 times larger than the industry median. Equity grew to DKK 684.5m in 2025.

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Key figures · financial year 2025

RevenueDKK 88.4m−7.9% vs. 2024
Net profit−DKK 1.8m−117.9% vs. 2024
EquityDKK 684.5m+173.1% vs. 2024
Employees14latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 7% (2024 → 2025), to DKK 59.6m.
  • Revenue fell 8% (2024 → 2025), to DKK 88.4m.
  • Net profit went from a profit of DKK 10.1m to a loss of DKK 1.8m (2024 → 2025).
  • Equity rose 173% (2024 → 2025), to DKK 684.5m.

Registrations, last 24 months

  • 01/06/2026: Share capital changed from 115,310,000 DKK to 115,320,000 DKK
  • 11/12/2025: Share capital changed from 115,300,000 DKK to 115,310,000 DKK
  • 27/06/2025: Share capital changed from 115,290,000 DKK to 115,300,000 DKK
  • 18/02/2025: Share capital changed from 115,280,000 DKK to 115,290,000 DKK
  • 01/01/2025: Industry changed to Investment on own account (649910)

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 100mDKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600mDKK 700m202020212022202320242025
EquityNet profit
Financial figures for TOWII Renewables A/S
202020212022202320242025Change
Revenuenot statednot stated77,69568,89095,96488,402−7.9%
Gross profit32,13227,27056,21343,30264,23559,572−7.3%
Operating profit (EBIT)1,582−6,14919,4962,80122,21215,910−28.4%
Profit before tax−3,7135,73420,743−3,78010,128−1,816−117.9%
Net profit−8,86420,37720,743−3,78010,128−1,816−117.9%
Total assets744,441609,679436,401405,323403,3391,119,420+177.5%
Equity347,086369,926234,326243,223250,667684,509+173.1%
Liabilities388,555230,953193,275153,300143,872426,771+196.6%
Cash and cash equivalents9013,49610,33030,459406,893+1,235.9%
Average number of employees35812912+33.3%

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: 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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
Gross profitMedian, the industry (655 companies)

Annual reports

6 financial years
Annual reports for TOWII Renewables A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202322/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202104/05/2022The 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
0246810121409/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profitDKK 59.6mNo. 23 of 623
Better than 96% of the companies in the industry
EquityDKK 684.5mNo. 40 of 655
Better than 94% of the companies in the industry
Number of employees14No. 36 of 655
Better than 95% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

DKK 100kDKK 968kDKK 9.4mDKK 90.6mDKK 411.3mHere
Distribution of gross profit for 255 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. 459of 69,742
Better than 99%
No. 322of 69,964
Better than 100%
Same industry and fewer than 20 employees636 companies in the comparison
No. 21of 606
Better than 97%
No. 38of 636
Better than 94%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,198of 24,791
Better than 95%
No. 294of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 2,473of 17,786
Better than 86%
No. 551of 18,024
Better than 97%

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

Investment on own account
Gross profit
  1. TOWII Renewables A/SDKK 59.6m
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. TOWII Renewables A/S−DKK 1.8m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. TOWII Renewables A/SDKK 684.5m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. TOWII Renewables A/S14
  2. Obton A/S11
  3. MS2 Holding ApS7

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
TOWII Renewables A/S

Management

8 active registrations

Executive management

Executive management at TOWII Renewables A/S
NameRoleAppointed
Oliver Sebastian WolgastCEO31/03/2022
Yusuke OdateDirector03/05/2022

Board of directors

Board of directors at TOWII Renewables A/S
NameRoleAppointed
Oliver Sebastian WolgastBoard member12/04/2019
Rasmus Buhl MøllerBoard member31/03/2022
Lars Bonderup BjørnDeputy chair31/03/2022
Nicolai Grue NymarkBoard member31/03/2022
Hiroyuki SuzukiChair of the board31/03/2022
Yusuke OdateBoard member31/03/2022
Founders
Egnsinvest Capital Fondsmæglerselskab A/S
Former management (28)
Former management at TOWII Renewables A/S
NameRoleAppointedResigned
Michael ChristensenBoard member30/11/200722/08/2013
Thorkild Steen SørensenBoard member30/11/200706/02/2018
Casper Hasse LethDirector30/11/200720/11/2008
Ove Frank Hauge KnudsenDeputy chair30/11/200712/05/2009
Thorkild Steen SørensenDirector20/11/200801/01/2014
Tonny ElsbergBoard member22/10/200926/05/2010
Knud Bent Steen LarsenChair of the board22/10/200913/06/2017
Torben VilsgaardDeputy chair26/05/201001/04/2014
Jens Christian SørensenBoard member26/05/201012/06/2017
Christiane DahlerupDirector01/01/201407/05/2018
Pernille IversenBoard member01/04/201428/08/2017
Jens Christian SørensenChair of the board13/06/201701/01/2018
Pernille IversenDeputy chair29/08/201714/03/2018
Lars Bonderup BjørnChair of the board02/01/201806/05/2018
Jens Christian SørensenBoard member02/01/201801/05/2018
Knud Erik LanghoffBoard member06/02/201813/09/2018
Jens Steffen Hay PedersenBoard member14/03/201807/05/2018
Jens Christian SørensenDeputy chair02/05/201806/05/2018
Lars Bonderup BjørnBoard member07/05/201812/09/2018
Lars Bonderup BjørnDirector07/05/201830/08/2018
Jens Christian SørensenChair of the board07/05/201831/07/2018
Pernille IversenBoard member07/05/201830/07/2018
Pernille IversenChair of the board31/07/201812/09/2018
Oliver Sebastian WolgastDirector30/08/201830/03/2022
Lars Bonderup BjørnChair of the board13/09/201830/03/2022
Pernille IversenBoard member13/09/201812/04/2019
Oliver Sebastian WolgastBoard member13/09/201813/02/2019
Olaf Bjørn SpliidBoard member03/12/201831/03/2022

Signing rule: Selskabet tegnes af den samlede bestyrelse, af bestyrelsesformanden i forening med den administrerende direktør, af bestyrelsesformanden i forening med bestyrelsens næstformand, af bestyrelsesformanden eller næstformanden i forening med tre bestyrelsesmedlemmer, eller af bestyrelsens næstformand i forening med den samlede direktion

Address and production units

1 active production units

Havneparken 4
7100 Vejle

Vejle Municipality · Postcode 7100

Production units
Production unitAddressEmployeesP number
TOWII Renewables A/SHavneparken 4, 7100 Vejle141013853165

Purpose

Selskabets formål er for egne og/eller lånte midler at skabe en langsigtet kapitaltilvækst via investering i og drift af vindmøller, andre energi- og klimaaktiviteter og virksomhed som efter bestyrelsens skøn er beslægtet hermed samt porteføljeinvestering i børsnoterede værdipapirer, finansielle instrumenter og likvide midler herunder valuta.

The purpose is quoted from the register in Danish.

Changes year by year

100 registered events
20262 changescapital 1 · accounts 1
  • Share capital changed from 115,310,000 DKK to 115,320,000 DKK
  • Annual report for 2025 published
20255 changescapital 3 · accounts 1 · industry 1
  • Share capital changed from 115,300,000 DKK to 115,310,000 DKK
  • Share capital changed from 115,290,000 DKK to 115,300,000 DKK
  • Annual report for 2024 published
  • Share capital changed from 115,280,000 DKK to 115,290,000 DKK
  • Industry changed to Investment on own account (649910)
20241 changeaccounts 1
  • Annual report for 2023 published
20232 changesaccounts 1 · capital 1
  • Annual report for 2022 published
  • Share capital changed from 100,000,000 DKK to 115,280,000 DKK
202218 changesaddress 1 · accounts 1 · management 10 · ownership 3 · name 1 · capital 2
  • Moved to Havneparken 4, 7100 Vejle
  • Annual report for 2021 published
  • Yusuke Odate appointed director
  • Yusuke Odate appointed board member
  • Rasmus Buhl Møller appointed board member
  • Nicolai Grue Nymark appointed board member
  • Oliver Sebastian Wolgast appointed ceo
  • Lars Bonderup Bjørn appointed deputy chair
  • Hiroyuki Suzuki appointed chair of the board
  • Olaf Bjørn Spliid stepped down as board member
  • EWII A/S registered as owner (50%)
  • TG Nordic ApS registered as owner (50%)
  • Name changed from EWII Production A/S to TOWII Renewables A/S
  • Lars Bonderup Bjørn stepped down as chair of the board
  • Oliver Sebastian Wolgast stepped down as director
  • EWII A/S is no longer registered as owner
  • Share capital changed from 362,887,000 DKK to 100,000,000 DKK
  • Share capital changed from 443,200,000 DKK to 362,887,000 DKK
20211 changeaccounts 1
  • Annual report for 2020 published
20195 changesmanagement 3 · ownership 2
  • Oliver Sebastian Wolgast appointed board member
  • Pernille Iversen stepped down as board member
  • Oliver Sebastian Wolgast stepped down as board member
  • EWII A/S registered as owner (100%)
  • EWII A/S is no longer registered as owner
201831 changesmanagement 29 · ownership 2
  • Olaf Bjørn Spliid appointed board member
  • Pernille Iversen appointed board member
  • Oliver Sebastian Wolgast appointed board member
  • Lars Bonderup Bjørn appointed chair of the board
  • Knud Erik Langhoff stepped down as board member
  • Pernille Iversen stepped down as chair of the board
  • Lars Bonderup Bjørn stepped down as board member
  • Oliver Sebastian Wolgast appointed director
  • Lars Bonderup Bjørn stepped down as director
  • Pernille Iversen appointed chair of the board
  • Jens Christian Sørensen stepped down as chair of the board
  • Pernille Iversen stepped down as board member
  • EWII A/S registered as owner (100%)
  • EWII A/S is no longer registered as owner
  • Lars Bonderup Bjørn appointed board member
  • Lars Bonderup Bjørn appointed director
  • Jens Christian Sørensen appointed chair of the board
  • Pernille Iversen appointed board member
  • Jens Steffen Hay Pedersen stepped down as board member
  • Christiane Dahlerup stepped down as director
  • Jens Christian Sørensen stepped down as deputy chair
  • Lars Bonderup Bjørn stepped down as chair of the board
  • Jens Christian Sørensen appointed deputy chair
  • Jens Christian Sørensen stepped down as board member
  • Jens Steffen Hay Pedersen appointed board member
  • Pernille Iversen stepped down as deputy chair
  • Knud Erik Langhoff appointed board member
  • Thorkild Steen Sørensen stepped down as board member
  • Jens Christian Sørensen appointed board member
  • Lars Bonderup Bjørn appointed chair of the board
  • Jens Christian Sørensen stepped down as chair of the board
20176 changesmanagement 5 · address 1
  • Pernille Iversen appointed deputy chair
  • Pernille Iversen stepped down as board member
  • Jens Christian Sørensen appointed chair of the board
  • Knud Bent Steen Larsen stepped down as chair of the board
  • Jens Christian Sørensen stepped down as board member
  • Moved to Kokbjerg 30, 6000 Kolding
20161 changename 1
  • Name changed from EUROPEAN WIND INVESTMENT A/S to EWII Production A/S
20144 changesmanagement 4
  • Pernille Iversen appointed board member
  • Torben Vilsgaard stepped down as deputy chair
  • Christiane Dahlerup appointed director
  • Thorkild Steen Sørensen stepped down as director
20133 changesownership 1 · address 1 · management 1
  • EWII A/S registered as owner (100%)
  • Moved to Kokbjerg 30, 6000 Kolding
  • Michael Christensen stepped down as board member
20121 changecapital 1
  • Share capital changed from 293,200,000 DKK to 443,200,000 DKK
20105 changescapital 2 · management 3
  • Share capital changed from 208,200,000 DKK to 293,200,000 DKK
  • Jens Christian Sørensen appointed board member
  • Torben Vilsgaard appointed deputy chair
  • Tonny Elsberg stepped down as board member
  • Share capital changed from 58,200,000 DKK to 208,200,000 DKK
20096 changesname 2 · capital 1 · management 3
  • Name changed from PROTEKTORINVEST A/S to EUROPEAN WIND INVESTMENT A/S
  • Share capital changed from 64,500,000 DKK to 58,200,000 DKK
  • Knud Bent Steen Larsen appointed chair of the board
  • Tonny Elsberg appointed board member
  • Name changed from PROTEKTOR INVEST A/S to PROTEKTORINVEST A/S
  • Ove Frank Hauge Knudsen stepped down as deputy chair
20084 changesmanagement 2 · capital 1 · industry 1
  • Thorkild Steen Sørensen appointed director
  • Casper Hasse Leth stepped down as director
  • Share capital changed from 500,000 DKK to 64,500,000 DKK
  • Industry changed to Investeringsselskaber (643030)
20075 changesfounded 1 · management 4
  • Registered as PROTEKTOR INVEST A/S
  • Ove Frank Hauge Knudsen appointed deputy chair
  • Thorkild Steen Sørensen appointed board member
  • Casper Hasse Leth appointed director
  • Michael Christensen 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.

View in CVRReport a correction