Tvt A/S

Public limited companyCVR 26096049Bedsted ThyActive

Tvt A/S is a public limited company, based in Bedsted Thy, active in plumbing, heat and air-conditioning installation, founded in 2001. Net profit rose 31% from 2024 to 2025, ending at DKK 4.5m. Profit has grown three years in a row. With 44 employees, the company is about 9 times larger than the industry median.

PDF report Compare

Key figures · financial year 2025

Gross profitDKK 32.3m+6.7% vs. 2024

Net profitDKK 4.5m+30.9% vs. 2024

EquityDKK 9.2m+19.6% vs. 2024

Employees44latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit rose 7% (2024 → 2025), to DKK 32.3m.
Net profit rose 31% (2024 → 2025), to DKK 4.5m.
Equity rose 20% (2024 → 2025), to DKK 9.2m.

Employees

1 fewer employees than a year earlier: 44 (08/2026) against 45 (08/2025).

Management and owners, last 24 months

New in management: Morten Storm Pipper (chair of the board, 12/05/2026) and Morten Storm Pipper (board member, 13/04/2026).
Stepped down: Kjeld Yde Madsen (board member, 12/05/2026) and Morten Storm Pipper (board member, 11/05/2026).

Registrations, last 24 months

01/01/2025: Industry changed to Plumbing, heat and air-conditioning installation (432200)

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

EquityNet profit

Financial figures for Tvt A/S
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	16,513	14,775	18,692	25,877	30,275	32,318	+6.7%
Operating profit (EBIT)	3,901	2,658	4,943	5,098	5,105	6,424	+25.8%
Profit before tax	3,667	2,368	4,626	4,431	4,455	5,774	+29.6%
Net profit	2,861	1,828	3,611	3,413	3,440	4,503	+30.9%
Total assets	17,919	16,150	23,891	21,218	23,022	24,106	+4.7%
Equity	3,779	3,807	5,618	7,231	7,671	9,174	+19.6%
Liabilities	13,285	11,751	17,706	13,489	14,361	12,858	−10.5%
Cash and cash equivalents	62	36	16	6	2	12	+462.9%
Average number of employees	24	23	26	36	46	46	0%

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

Compare with the industry (1,357 companies)

Gross profitMedian, the industry (1,357 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 Tvt A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	18/05/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	07/05/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	29/06/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	23/03/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	13/06/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	18/06/2021	The company	PDF XBRL

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

Employees

Position in the industry

1,357 companies in the database

Comparison with the other companies in plumbing, heat and air-conditioning installation based on the latest financial year.

Gross profitDKK 32.3mNo. 52 of 1,357

Better than 96% of the companies in the industry

EquityDKK 9.2mNo. 90 of 1,357

Better than 93% of the companies in the industry

Number of employees44No. 43 of 1,357

Better than 97% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 316k, equity DKK 1.3m, 5 employees.

Distribution of gross profit for 1,334 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
Group	Gross profit	Equity
Companies with 20–49 employees9,922 companies in the comparison	No. 1,160of 9,892 Better than 88%	No. 3,298of 9,922 Better than 67%
Same industry and 20–49 employees153 companies in the comparison	No. 10of 153 Better than 94%	No. 37of 153 Better than 76%
Companies that are between 15 and 29 years old24,910 companies in the comparison	No. 2,206of 24,791 Better than 91%	No. 7,067of 24,909 Better than 72%
All companies of type A/S18,025 companies in the comparison	No. 4,158of 17,786 Better than 77%	No. 9,099of 18,024 Better than 50%

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

Plumbing, heat and air-conditioning installation

Gross profit

Tvt A/SDKK 32.3m
Wicotec Kirkebjerg A/SDKK 419.7m
Andersen & Heegaard A/SDKK 391.6m

Net profit

Tvt A/SDKK 4.5m
Wicotec Kirkebjerg A/SDKK 115.1m
Andersen & Heegaard A/SDKK 32.5m

Equity

Tvt A/SDKK 9.2m
Wicotec Kirkebjerg A/SDKK 494.9m
Andersen & Heegaard A/SDKK 88.2m

Employees

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

TVT Group ApS100%

Tvt A/S

Management

5 active registrations

Executive management

Executive management at Tvt A/S
Name	Role	Appointed
Jesper Thousgaard	Director	05/07/2023

Board of directors

Board of directors at Tvt A/S
Name	Role	Appointed
Jesper Lovmand	Board member	31/03/2014
Kristian Wind Hornstrup	Board member	21/12/2016
Jesper Thousgaard	Board member	05/07/2023
Morten Storm Pipper	Chair of the board	12/05/2026

Auditor: Beierholm Godkendt Revisionspartnerselskab
Founders: Kjeld Yde Madsen

Former management (11)

Former management at Tvt A/S
Name	Role	Appointed	Resigned
Kjeld Yde Madsen	Board member	22/06/2001	12/05/2026
Kjeld Yde Madsen	Director	22/06/2001	05/07/2023
Gurli Stenled Refsgaard	Board member	22/06/2001	27/05/2004
Per Andersen	Board member	22/06/2001	30/09/2010
Jan Bangsgaard	Board member	27/05/2004	08/05/2006
Søren Maarup	Board member	08/05/2006	10/05/2012
Gitte Sørensen	Board member	08/05/2006	03/02/2009
Kuno Frost	Board member	03/02/2009	02/01/2014
Niels Hornstrup Andersen	Board member	01/09/2009	31/03/2014
Jacob Stenled Yde Madsen	Board member	10/05/2012	21/12/2016
Morten Storm Pipper	Board member	13/04/2026	11/05/2026

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

Address and production units

1 active production units

Virkevej 5
7755 Bedsted Thy

Thisted Municipality · Postcode 7755

Other companies at the address (1)

Seg A/SEngineering consultancy in construction and civil engineering

Production units
Production unit	Address	Industry	Employees	P number
TVT A/S	Virkevej 5, 7755 Bedsted Thy	Plumbing, heat and air-conditioning installation	44	1008507607

Purpose

Selskabets formål er at drive Smede- og VVS-virksomhed og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

48 registered events

02015

22016

02017

02018

42019

02020

12021

12022

82023

22024

22025

52026

20265 changesaccounts 1 · management 4

18/05AccountsAnnual report for 2025 published
12/05ManagementMorten Storm Pipper appointed chair of the board
12/05ManagementKjeld Yde Madsen stepped down as board member
11/05ManagementMorten Storm Pipper stepped down as board member
13/04ManagementMorten Storm Pipper appointed board member

20252 changesaccounts 1 · industry 1

07/05AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Plumbing, heat and air-conditioning installation (432200)

20242 changesaccounts 1 · name 1

29/06AccountsAnnual report for 2023 published
02/02NameName changed from THY VARMETEKNIK A/S to TVT A/S

20238 changesmanagement 3 · ownership 4 · accounts 1

05/07ManagementJesper Thousgaard appointed board member
05/07ManagementJesper Thousgaard appointed director
05/07ManagementKjeld Yde Madsen stepped down as director
16/06OwnershipTVT Group ApS registered as owner (100%)
16/06OwnershipK.Y.M. ApS is no longer registered as owner
16/06OwnershipLovmand Holding ApS is no longer registered as owner
16/06OwnershipWind-Hornstrup Holding ApS is no longer registered as owner
23/03AccountsAnnual report for 2022 published

20221 changeaccounts 1

13/06AccountsAnnual report for 2021 published

20211 changeaccounts 1

18/06AccountsAnnual report for 2020 published

20194 changesownership 4

01/12OwnershipK.Y.M. ApS registered as owner (33.33%)
01/12OwnershipLovmand Holding ApS registered as owner (33.33%)
01/12OwnershipWind-Hornstrup Holding ApS registered as owner (33.33%)
30/11OwnershipK.Y.M. ApS is no longer registered as owner

20162 changesmanagement 2

21/12ManagementKristian Wind Hornstrup appointed board member
21/12ManagementJacob Stenled Yde Madsen stepped down as board member

20143 changesmanagement 3

31/03ManagementJesper Lovmand appointed board member
31/03ManagementNiels Hornstrup Andersen stepped down as board member
02/01ManagementKuno Frost stepped down as board member

20122 changesmanagement 2

10/05ManagementJacob Stenled Yde Madsen appointed board member
10/05ManagementSøren Maarup stepped down as board member

20101 changemanagement 1

30/09ManagementPer Andersen stepped down as board member

20093 changesmanagement 3

01/09ManagementNiels Hornstrup Andersen appointed board member
03/02ManagementKuno Frost appointed board member
03/02ManagementGitte Sørensen stepped down as board member

20081 changeindustry 1

01/01IndustryIndustry changed to Plumbing, heat and air-conditioning installation (432200)

20071 changeaddress 1

01/01AddressMoved to Virkevej 5, 7755 Bedsted Thy

20063 changesmanagement 3

08/05ManagementGitte Sørensen appointed board member
08/05ManagementSøren Maarup appointed board member
08/05ManagementJan Bangsgaard stepped down as board member

20042 changesmanagement 2

27/05ManagementJan Bangsgaard appointed board member
27/05ManagementGurli Stenled Refsgaard stepped down as board member

20017 changesownership 1 · industry 1 · founded 1 · management 4

13/09OwnershipK.Y.M. ApS registered as owner (100%)
01/07IndustryIndustry changed to VVS-installatører og blikkenslagerforretninger (453300)
22/06FoundedRegistered as THY VARMETEKNIK A/S
22/06ManagementKjeld Yde Madsen appointed director
22/06ManagementPer Andersen appointed board member
22/06ManagementGurli Stenled Refsgaard appointed board member
22/06ManagementKjeld Yde Madsen appointed board member

Related companies

Same industry in Thisted

Handest VVS A/S21 employees
Thisted VVS & Blikkenslagerforretning - Lars Handest A/S3 employees
Total VVS A/S3 employees
Mobil-VVS ApS2 employees

See all →

Same people in management

Hvidbjerg Bank A/Svia Kuno Frost
Højland Biler A/Svia Søren Maarup
Obel-p Automation A/Svia Morten Storm Pipper
Aagaard A/Svia Morten Storm Pipper
Forsorgshjemmet Mille ApSvia Kuno Frost
Advisio ApSvia Morten Storm Pipper

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 24/10/2026.

View in CVR Report a correction