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Trusted A/S

Public limited companyCVR 25106792SilkeborgActive

Trusted A/S is a public limited company, based in Silkeborg, active in manufacture of other electrical equipment, founded in 1999. Net profit rose 124% from 2024 to 2025, ending at DKK 9.8m. With 19 employees, the company is about 3 times larger than the industry median. 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 31.9m+34% vs. 2024
Net profitDKK 9.8m+124.1% vs. 2024
EquityDKK 27.1m−7.5% vs. 2024
Employees19latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 34% (2024 → 2025), to DKK 31.9m.
  • Net profit rose 124% (2024 → 2025), to DKK 9.8m.
  • Equity fell 8% (2024 → 2025), to DKK 27.1m.

Management and owners, last 24 months

  • New in management: Henrik Londorf (director, 01/05/2026) and Niels Henrik Olesen (ceo, 01/09/2025).
  • Stepped down: Niels Henrik Olesen (director, 31/08/2025) and Niels Henrik Olesen (ceo, 01/05/2026).

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 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
EquityNet profit
Financial figures for Trusted A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit11,66614,27917,89725,65123,80231,899+34%
Operating profit (EBIT)4,1785,0137,50810,1755,42812,462+129.6%
Profit before tax4,1254,9257,42010,2415,52412,496+126.2%
Net profit3,3964,0225,7968,0254,3699,793+124.1%
Total assets19,75824,55731,79237,70542,88843,458+1.3%
Equity12,06116,08321,87924,90329,27227,062−7.5%
Liabilities6,5816,9368,12010,73911,53814,323+24.1%
Cash and cash equivalents5,0173,1098,5767,80813,4866,626−50.9%
Average number of employees121517181917−10.5%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
Gross profitMedian, the industry (86 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 Trusted A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202517/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202326/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202029/04/2021The 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
0510152009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

86 companies in the database

Comparison with the other companies in manufacture of other electrical equipment based on the latest financial year.

Gross profitDKK 31.9mNo. 19 of 86
Better than 79% of the companies in the industry
EquityDKK 27.1mNo. 21 of 86
Better than 76% of the companies in the industry
Number of employees19No. 23 of 86
Better than 74% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 697k, equity DKK 4.1m, 6 employees.

DKK 116kDKK 964kDKK 8mDKK 66.6mDKK 273.5mHere
Distribution of gross profit for 74 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. 816of 69,742
Better than 99%
No. 4,763of 69,964
Better than 93%
Same industry and fewer than 20 employees61 companies in the comparison
No. 1of 61
Better than 100%
No. 3of 61
Better than 97%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,225of 24,791
Better than 91%
No. 3,642of 24,909
Better than 85%
All companies of type A/S18,025 companies in the comparison
No. 4,196of 17,786
Better than 76%
No. 5,235of 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

Manufacture of other electrical equipment
Gross profit
  1. Trusted A/SDKK 31.9m
  2. Danfoss Power Electronics A/SDKK 554m
  3. Migatronic A/SDKK 312.9m
Net profit
  1. Trusted A/SDKK 9.8m
  2. Danfoss Power Electronics A/SDKK 179.2m
  3. Migatronic A/S−DKK 26.5m
Equity
  1. Trusted A/SDKK 27.1m
  2. Danfoss Power Electronics A/SDKK 607.4m
  3. Migatronic A/SDKK 69.9m
Employees
  1. Trusted A/S19
  2. Danfoss Power Electronics A/S987
  3. Migatronic A/S165

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
  • Trusted Holding ApS50%
  • MikroNord ApS20%
  • Starworks ApS15%
Trusted A/S

Management

5 active registrations

Executive management

Executive management at Trusted A/S
NameRoleAppointed
Henrik LondorfDirector01/05/2026

Board of directors

Board of directors at Trusted A/S
NameRoleAppointed
Christiane Nico Jensen-HaarupBoard member07/01/2015
Niels Henrik OlesenBoard member16/06/2020
Erik BorumChair of the board01/07/2022
Morten Bank-MikkelsenBoard member15/10/2024
Founders
Christiane Nico Jensen-Haarup
Former management (21)
Former management at Trusted A/S
NameRoleAppointedResigned
Flemming Griis PetersenBoard member11/12/200112/12/2001
Hjørleif Thomas JohansenBoard member17/10/200605/11/2009
Poul Michael BjørnskovChair of the board17/10/200601/09/2012
Birgitte Jensen-HaarupBoard member05/11/200922/04/2014
Peter BagerChair of the board01/09/201216/12/2014
Søren BroCEO11/04/201416/12/2014
Leif GlintborgBoard member22/04/201416/06/2020
Søren BroBoard member22/04/201407/01/2015
Christian Damgaard LundeBoard member10/09/201401/02/2016
Christiane Nico Jensen-HaarupDirector16/12/201401/02/2016
Morten Dahl IversenChair of the board16/12/201426/11/2018
Søren MunkBoard member16/12/201403/09/2015
Steven Lillesøe BechBoard member03/09/201524/04/2018
Søren MunkBoard member01/02/201627/08/2018
Niels Henrik OlesenDirector01/02/201631/08/2025
Kim Søgård Bering KristensenBoard member27/08/201826/11/2018
Morten Dahl IversenBoard member27/11/201830/09/2019
Kim Søgård Bering KristensenChair of the board27/11/201830/06/2022
Kim Søgård Bering KristensenBoard member01/07/202201/09/2023
Martin RomvigBoard member01/09/202331/03/2024
Niels Henrik OlesenCEO01/09/202501/05/2026

Signing rule: Selskabet tegnes af to medlemmer af bestyrelsen i forening eller af et medlem af bestyrelsen i forening med en direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Ballevej 2A
8600 Silkeborg

Silkeborg Municipality · Postcode 8600

Production units
Production unitAddressEmployeesP number
TRUSTED A/SBallevej 2A, 8600 Silkeborg191007314430

Purpose

Selskabets formål er at drive virksomhed med udvikling og salg af elektronisk udstyr og software til sporing af værdier.

The purpose is quoted from the register in Danish.

Changes year by year

98 registered events
20263 changesmanagement 2 · accounts 1
  • Henrik Londorf appointed director
  • Niels Henrik Olesen stepped down as ceo
  • Annual report for 2025 published
20253 changesmanagement 2 · accounts 1
  • Niels Henrik Olesen appointed ceo
  • Niels Henrik Olesen stepped down as director
  • Annual report for 2024 published
20245 changesmanagement 2 · ownership 2 · accounts 1
  • Morten Bank-Mikkelsen appointed board member
  • STARWORKS ApS registered as owner (15%)
  • STARWORKS ApS is no longer registered as owner
  • Annual report for 2023 published
  • Martin Romvig stepped down as board member
20237 changesaddress 1 · ownership 3 · management 2 · accounts 1
  • Moved to Ballevej 2A, 8600 Silkeborg
  • MikroNord ApS registered as owner (20%)
  • Niels Henrik Olesen is no longer registered as owner
  • MikroNord ApS is no longer registered as owner
  • Martin Romvig appointed board member
  • Kim Søgård Bering Kristensen stepped down as board member
  • Annual report for 2022 published
20227 changesownership 3 · management 3 · accounts 1
  • Niels Henrik Olesen registered as owner (5%)
  • MikroNord ApS registered as owner (10%)
  • Niels Henrik Olesen is no longer registered as owner
  • Erik Borum appointed chair of the board
  • Kim Søgård Bering Kristensen appointed board member
  • Kim Søgård Bering Kristensen stepped down as chair of the board
  • Annual report for 2021 published
20212 changesaddress 1 · accounts 1
  • Moved to Banegårdsgade 2, 8700 Horsens
  • Annual report for 2020 published
20207 changesmanagement 2 · ownership 5
  • Niels Henrik Olesen appointed board member
  • Leif Glintborg stepped down as board member
  • Niels Henrik Olesen registered as owner (20%)
  • STARWORKS ApS registered as owner (20%)
  • LG - COMPANY A/S is no longer registered as owner
  • Niels Henrik Olesen is no longer registered as owner
  • STARWORKS ApS is no longer registered as owner
20191 changemanagement 1
  • Morten Dahl Iversen stepped down as board member
20187 changesmanagement 7
  • Morten Dahl Iversen appointed board member
  • Kim Søgård Bering Kristensen appointed chair of the board
  • Kim Søgård Bering Kristensen stepped down as board member
  • Morten Dahl Iversen stepped down as chair of the board
  • Kim Søgård Bering Kristensen appointed board member
  • Søren Munk stepped down as board member
  • Steven Lillesøe Bech stepped down as board member
20171 changecapital 1
  • Share capital changed from 1,800,000 DKK to 2,300,000 DKK
201613 changescapital 2 · ownership 7 · management 4
  • Share capital changed from 1,633,333 DKK to 1,800,000 DKK
  • Niels Henrik Olesen registered as owner (15%)
  • Niels Henrik Olesen is no longer registered as owner
  • Share capital changed from 1,300,000 DKK to 1,633,333 DKK
  • Søren Munk appointed board member
  • Niels Henrik Olesen appointed director
  • Christiane Nico Jensen-Haarup stepped down as director
  • Christian Damgaard Lunde stepped down as board member
  • STARWORKS ApS registered as owner (15%)
  • LG - COMPANY A/S registered as owner (10%)
  • Niels Henrik Olesen registered as owner (10%)
  • STARWORKS ApS is no longer registered as owner
  • LG - COMPANY A/S is no longer registered as owner
20157 changesmanagement 4 · ownership 3
  • Steven Lillesøe Bech appointed board member
  • Søren Munk stepped down as board member
  • Trusted Holding ApS registered as owner (50%)
  • STARWORKS ApS registered as owner (20%)
  • LG - COMPANY A/S registered as owner (15%)
  • Christiane Nico Jensen-Haarup appointed board member
  • Søren Bro stepped down as board member
201416 changesmanagement 10 · address 1 · capital 3 · name 2
  • Christiane Nico Jensen-Haarup appointed director
  • Søren Munk appointed board member
  • Morten Dahl Iversen appointed chair of the board
  • Søren Bro stepped down as ceo
  • Peter Bager stepped down as chair of the board
  • Moved to Chr M Østergaards Vej 4A, 8700 Horsens
  • Share capital changed from 650,000 DKK to 1,300,000 DKK
  • Christian Damgaard Lunde appointed board member
  • Søren Bro appointed board member
  • Leif Glintborg appointed board member
  • Birgitte Jensen-Haarup stepped down as board member
  • Søren Bro appointed ceo
  • Name changed from TRUSTED ApS to TRUSTED A/S
  • Share capital changed from 649,207 DKK to 650,000 DKK
  • Name changed from KEY 7 ApS to TRUSTED ApS
  • Share capital changed from 192,083 DKK to 649,207 DKK
20133 changesname 1 · capital 1 · address 1
  • Name changed from KEY 7 A/S to KEY 7 ApS
  • Share capital changed from 500,000 DKK to 192,083 DKK
  • Moved to Randersvej 6D, 8600 Silkeborg
20122 changesmanagement 2
  • Peter Bager appointed chair of the board
  • Poul Michael Bjørnskov stepped down as chair of the board
20092 changesmanagement 2
  • Birgitte Jensen-Haarup appointed board member
  • Hjørleif Thomas Johansen stepped down as board member
20081 changeindustry 1
  • Industry changed to Manufacture of other electrical equipment (279000)
20071 changeaddress 1
  • Moved to Bavnehøjvej 19, 8600 Silkeborg
20065 changesname 1 · capital 1 · management 2 · industry 1
  • Name changed from ANPARTSSELSKABET AF 12. JULI 1962 to KEY 7 A/S
  • Share capital changed from 200,000 DKK to 500,000 DKK
  • Hjørleif Thomas Johansen appointed board member
  • Poul Michael Bjørnskov appointed chair of the board
  • Industry changed to Fremstilling af andet elektrisk og elektronisk udstyr i øvrigt (316290)
20041 changeaddress 1
  • Moved to Bavnehøjvej 19, 8600 Silkeborg
20012 changesmanagement 2
  • Flemming Griis Petersen stepped down as board member
  • Flemming Griis Petersen appointed board member
20001 changename 1
  • Name changed from ANPARTSSELSKABET KEY SEVEN to ANPARTSSELSKABET AF 12. JULI 1962
19991 changefounded 1
  • Registered as ANPARTSSELSKABET KEY SEVEN

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction