Twin Heat A/S
Public limited companyCVR 27549012GedstedActive
Twin Heat A/S is a public limited company, based in Gedsted, active in manufacture of ovens, furnaces and furnace burners, founded in 2004. Net profit fell 67% from 2024 to 2025, ending at DKK 428k.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 20% (2024 → 2025), to DKK 7.7m.
- Net profit fell 67% (2024 → 2025), to DKK 428k.
- Equity fell 11% (2024 → 2025), to DKK 4.5m.
Registrations, last 24 months
- 01/01/2025: Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 5,281 | 5,164 | 6,182 | 8,164 | 9,609 | 7,725 | −19.6% |
| Operating profit (EBIT) | 176 | – | 642 | 1,233 | 1,824 | 778 | −57.3% |
| Profit before tax | 18 | 329 | 608 | 1,098 | 1,670 | 549 | −67.1% |
| Net profit | 12 | 278 | 473 | 839 | 1,292 | 428 | −66.9% |
| Total assets | 10,782 | 10,824 | 13,126 | 15,318 | 11,890 | 10,871 | −8.6% |
| Equity | 4,222 | 4,499 | 4,972 | 5,811 | 5,103 | 4,530 | −11.2% |
| Liabilities | 6,077 | 5,772 | 7,647 | 9,093 | 6,443 | 6,025 | −6.5% |
| Cash and cash equivalents | 0 | – | – | – | 10 | 7 | −23.4% |
| Average number of employees | 13 | 10 | 11 | 13 | 15 | 13 | −13.3% |
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, 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
Signals from the financial statements
calculated from the 2025 figuresProfit 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/05/2024 – 30/04/2025 | 31/10/2025 | The company | PDF not statedXBRL |
| 2024 | 01/05/2023 – 30/04/2024 | 08/10/2024 | The company | PDFXBRL |
| 2023 | 01/05/2022 – 30/04/2023 | 13/11/2023 | The company | PDFXBRL |
| 2022 | 01/05/2021 – 30/04/2022 | 06/11/2022 | The company | PDFXBRL |
| 2021 | 01/05/2020 – 30/04/2021 | 26/09/2021 | The company | PDFXBRL |
| 2020 | 01/05/2019 – 30/04/2020 | 11/01/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
26 companies in the databaseComparison with the other companies in manufacture of ovens, furnaces and furnace burners based on the latest financial year.
Industry median: gross profit DKK 15.3m, net profit DKK 1.6m, equity DKK 13.5m, 17 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 7,358of 69,742 Better than 89% | No. 15,092of 69,964 Better than 78% |
| Same industry and fewer than 20 employees13 companies in the comparison | No. 6of 13 Better than 58% | No. 6of 13 Better than 58% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 7,237of 24,791 Better than 71% | No. 10,220of 24,909 Better than 59% |
| All companies of type A/S18,025 companies in the comparison | No. 10,143of 17,786 Better than 43% | No. 11,878of 18,024 Better than 34% |
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 ovens, furnaces and furnace burners- Twin Heat A/SDKK 7.7m
- Fenagy A/SDKK 116.5m
- Hwam A/SDKK 72.5m
- Twin Heat A/SDKK 428k
- Fenagy A/SDKK 39.2m
- Hwam A/SDKK 12.9m
- Twin Heat A/SDKK 4.5m
- Fenagy A/SDKK 81.4m
- Hwam A/SDKK 97.8m
- Twin Heat A/S13
- Fenagy A/S109
- Hwam A/S85
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Twin Heat Holding A/S100%
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Esben Baag Pedersen | Director | 31/01/2007 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Esben Baag Pedersen | Board member | 31/01/2007 |
| Ingrid Solvej Vasegaard | Board member | 31/01/2007 |
| Marianne Susanne Kirsten Pedersen | Board member | 31/01/2007 |
| Søren Elkjær Vasegaard | Chair of the board | 31/01/2007 |
- Founders
- Hcrt Holding ApS
Former management (4)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Hans Christian Rask Troelsen | Board member | 02/01/2004 | 31/01/2007 |
| Hans Christian Rask Troelsen | CEO | 02/01/2004 | 31/01/2007 |
| Claus Rask Troelsen | Chair of the board | 02/01/2004 | 31/01/2007 |
| Lars Rask Troelsen | Board member | 02/01/2004 | 31/01/2007 |
Signing rule: Selskabet tegnes af direktøren eller af den samlede bestyrelse.
Address and production units
1 active production unitsNørrevangen 7
9631 Gedsted
| Production unit | Address | Employees | P number |
|---|---|---|---|
| TWIN HEAT A/S | Nørrevangen 7, 9631 Gedsted | 13 | 1008156138 |
Purpose
Selskabets formål er produktion og salg af brændselsanlæg og al i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
24 registered events20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2025 published
- IndustryIndustry changed to Manufacture of ovens, furnaces and furnace burners (282100)
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20231 changeaccounts 1
- AccountsAnnual report for 2023 published
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20212 changesaccounts 2
- AccountsAnnual report for 2021 published
- AccountsAnnual report for 2020 published
20081 changeindustry 1
- IndustryIndustry changed to Manufacture of ovens, furnaces and furnace burners (282100)
200711 changesownership 1 · management 9 · address 1
- OwnershipTWIN HEAT HOLDING A/S registered as owner (100%)
- ManagementSøren Elkjær Vasegaard appointed chair of the board
- ManagementEsben Baag Pedersen appointed board member
- ManagementEsben Baag Pedersen appointed director
- ManagementIngrid Solvej Vasegaard appointed board member
- ManagementMarianne Susanne Kirsten Pedersen appointed board member
- ManagementHans Christian Rask Troelsen stepped down as ceo
- ManagementClaus Rask Troelsen stepped down as chair of the board
- ManagementLars Rask Troelsen stepped down as board member
- ManagementHans Christian Rask Troelsen stepped down as board member
- AddressMoved to Nørrevangen 7, 9631 Gedsted
20045 changesfounded 1 · management 4
- FoundedRegistered as TWIN HEAT A/S
- ManagementHans Christian Rask Troelsen appointed ceo
- ManagementClaus Rask Troelsen appointed chair of the board
- ManagementLars Rask Troelsen appointed board member
- ManagementHans Christian Rask Troelsen appointed board member
Related companies
Same people in management
- Hcrt Holding ApSvia Hans Christian Rask Troelsen
Largest in the industry
- Fenagy A/SDKK 116.5m
- Hwam A/SDKK 72.5m
- Heta A/SDKK 68.9m
- Danstoker A/SDKK 57.7m
- Rais A/SDKK 57m
- Morsø Jernstøberi A/SDKK 40.9m
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.