CVRdatabase
Menu

Verdo Energy Systems A/S

Public limited companyCVR 11151582Randers NVActive

Verdo Energy Systems A/S is a public limited company, based in Randers NV, active in installation of industrial machinery and equipment, founded in 1987. Equity was negative at the end of 2025 (−DKK 39.5m). The company made a loss in both 2024 and 2025, most recently DKK 177.4m. Operations are spread over 3 production units in 3 towns.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profit−DKK 81.3m−43.4% vs. 2024
Net profit−DKK 177.4m−35.2% vs. 2024
Equity−DKK 39.5m−213.3% vs. 2024
Employees102latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 131.2m to DKK 177.4m (2024 → 2025).

Employees

  • 34 fewer employees than a year earlier: 102 (08/2026) against 136 (08/2025).

Management and owners, last 24 months

  • New in management: Jesper Vinter Barslund (chair of the board, 01/04/2025), Niels Jørgen Lange (board member, 01/08/2025) and Spencer Buur Thuesen (board member, 01/12/2025) (+9).
  • Stepped down: Kenneth Ruby Hovgaard Jeppesen (board member, 30/09/2025), Margrete Larsen (board member, 31/07/2025) and Jakob Flyvbjerg Christensen (chair of the board, 31/03/2025) (+6).

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 180m−DKK 160m−DKK 140m−DKK 120m−DKK 100m−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20m202020212022202320242025
EquityNet profit
Financial figures for Verdo Energy Systems A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit38,91548,27131,33881,009−56,708−81,320−43.4%
Operating profit (EBIT)−14,818−16,336−27,009−2,790−158,858−178,202−12.2%
Profit before tax−16,096−17,360−29,018−1,812−156,170−182,767−17%
Net profit−12,662−13,634−22,360−1,747−131,232−177,435−35.2%
Total assets80,32948,330135,390202,323160,671198,256+23.4%
Equity15,88919,26415,80110,055−12,593−39,452−213.3%
Liabilities61,39927,792115,761181,681132,292180,664+36.6%
Cash and cash equivalents004,17649770−100%
Average number of employees759982113132120−9.1%

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 100m−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
Gross profitMedian, the industry (132 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 39.5m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Verdo Energy Systems A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202522/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202410/06/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202319/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202220/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202110/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202018/06/2021The 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
02040608010012014009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

132 companies in the database

Comparison with the other companies in installation of industrial machinery and equipment based on the latest financial year.

Gross profit−DKK 81.3mNo. 131 of 131
Better than 0% of the companies in the industry
Equity−DKK 39.5mNo. 132 of 132
Better than 0% of the companies in the industry
Number of employees102No. 7 of 132
Better than 95% of the companies in the industry

Industry median: gross profit DKK 4.8m, net profit DKK 539k, equity DKK 2.4m, 7 employees.

DKK 100kDKK 792kDKK 6.3mDKK 49.6mDKK 197.1m
Distribution of gross profit for 126 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 50–199 employees4,467 companies in the comparison
No. 4,408of 4,412
Better than 0%
No. 4,433of 4,466
Better than 1%
Same industry and 50–199 employees14 companies in the comparison
No. 13of 13
Better than 0%
No. 14of 14
Better than 0%
Companies that are at least 30 years old10,276 companies in the comparison
No. 10,150of 10,152
Better than 0%
No. 10,258of 10,275
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 17,771of 17,786
Better than 0%
No. 17,941of 18,024
Better than 0%

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

Installation of industrial machinery and equipment
Gross profit
  1. Verdo Energy Systems A/S−DKK 81.3m
  2. SH Group A/SDKK 392.9m
  3. Eltronic A/SDKK 279.3m
Net profit
  1. Verdo Energy Systems A/S−DKK 177.4m
  2. SH Group A/SDKK 45.2m
  3. Eltronic A/SDKK 44.8m
Equity
  1. Verdo Energy Systems A/S−DKK 39.5m
  2. SH Group A/SDKK 222.9m
  3. Eltronic A/SDKK 91.8m
Employees
  1. Verdo Energy Systems A/S102
  2. SH Group A/S444
  3. Eltronic A/S272

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
Verdo Energy Systems A/S

Management

7 active registrations

Executive management

Executive management at Verdo Energy Systems A/S
NameRoleAppointed
Jes Gravgaard JensenDirector01/12/2025

Board of directors

Board of directors at Verdo Energy Systems A/S
NameRoleAppointed
Jesper Vinter BarslundChair of the board01/04/2025
Niels Jørgen LangeBoard member01/08/2025
Spencer Buur ThuesenBoard member01/12/2025
Jesper Møller LarsenBoard member28/04/2026
Lars LiboriussenDeputy board member01/06/2026
Mark Bisgaard Høybye FaberBoard member01/06/2026
Founders
Victor Christoffersen, Jens Nørskov, Søren Bonde
Former management (31)
Former management at Verdo Energy Systems A/S
NameRoleAppointedResigned
Victor ChristoffersenBoard member01/09/198723/12/1987
Jens NørskovBoard member01/09/198723/12/1987
Jens NørskovDirector01/09/198723/12/1987
Søren BondeBoard member01/09/198723/12/1987
Jens SørensenBoard member01/09/198702/10/2006
Lene Kluug SørensenBoard member01/09/198702/10/2006
Bjerne Bundgård BrunBoard member01/09/198702/10/2006
Bjerne Bundgård BrunDirector01/09/198702/10/2006
Karen Bodil BrunBoard member01/09/198709/01/1989
Erik Knudsen RauffChair of the board02/10/200607/12/2010
Ejnar Siig ChristensenDirector03/11/200904/03/2011
Paul BjerringChair of the board07/12/201021/11/2012
Allan Søndergård JakobsenDirector04/03/201101/01/2018
Morten Krebs ChristensenBoard member04/03/201126/08/2016
Jens Lübeck JohansenChair of the board31/01/201401/10/2014
Søren Mølgaard KristensenChair of the board01/10/201426/08/2016
Allan Søndergård JakobsenBoard member01/10/201426/08/2016
Kim FrimerChair of the board26/08/201625/04/2019
Hans Christian WenzelsenBoard member26/08/201616/12/2019
Kenneth Ruby Hovgaard JeppesenBoard member26/08/201630/09/2025
Henrik Bøgh NielsenBoard member26/08/201601/01/2018
Henrik Bøgh NielsenDirector01/01/201831/08/2021
Morten BirchChair of the board30/04/201931/12/2019
Margrete LarsenBoard member16/12/201931/07/2025
Jakob Flyvbjerg ChristensenChair of the board01/01/202031/03/2025
Morten BirchDirector01/09/202104/12/2024
Torben Høeg BondeDirector04/12/202403/03/2025
Ken LarsenDirector03/03/202511/03/2026
Margrete LarsenBoard member01/10/202501/02/2026
Julie Møgelvang BjørnsholmBoard member01/02/202611/03/2026
Margrete LarsenBoard member11/03/202627/04/2026

Signing rule: Selskabet tegnes af formanden for bestyrelsen i forening med en direktør eller af den samlede bestyrelse.

Address and production units

3 active production units

Agerskellet 7
8920 Randers NV

Randers Municipality · Postcode 8920

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
Verdo Energy Systems A/S AalborgAnkeret 9, 9220 Aalborg Øst691021753099
Verdo Energy Systems A/SAgerskellet 7, 8920 Randers NV311000189905
Verdo Energy Systems A/S IkastBirk Centerpark 32, 7400 Herning21020216081

Purpose

Selskabets formål er at drive monteringsvirksomhed, produktion og handel vedrørende energianlæg samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

96 registered events
202610 changesmanagement 9 · accounts 1
  • Lars Liboriussen appointed deputy board member
  • Mark Bisgaard Høybye Faber appointed board member
  • Annual report for 2025 published
  • Jesper Møller Larsen appointed board member
  • Margrete Larsen stepped down as board member
  • Margrete Larsen appointed board member
  • Julie Møgelvang Bjørnsholm stepped down as board member
  • Ken Larsen stepped down as director
  • Julie Møgelvang Bjørnsholm appointed board member
  • Margrete Larsen stepped down as board member
202511 changesmanagement 10 · accounts 1
  • Spencer Buur Thuesen appointed board member
  • Jes Gravgaard Jensen appointed director
  • Margrete Larsen appointed board member
  • Kenneth Ruby Hovgaard Jeppesen stepped down as board member
  • Niels Jørgen Lange appointed board member
  • Margrete Larsen stepped down as board member
  • Annual report for 2024 published
  • Jesper Vinter Barslund appointed chair of the board
  • Jakob Flyvbjerg Christensen stepped down as chair of the board
  • Ken Larsen appointed director
  • Torben Høeg Bonde stepped down as director
20243 changesmanagement 2 · accounts 1
  • Torben Høeg Bonde appointed director
  • Morten Birch stepped down as director
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20222 changescapital 1 · accounts 1
  • Share capital changed from 1,100,000 DKK to 1,200,000 DKK
  • Annual report for 2021 published
20215 changescapital 1 · merger 1 · management 2 · accounts 1
  • Share capital changed from 1,000,000 DKK to 1,100,000 DKK
  • Merger registered in CVR
  • Morten Birch appointed director
  • Henrik Bøgh Nielsen stepped down as director
  • Annual report for 2020 published
20201 changemanagement 1
  • Jakob Flyvbjerg Christensen appointed chair of the board
20195 changesmanagement 5
  • Morten Birch stepped down as chair of the board
  • Margrete Larsen appointed board member
  • Hans Christian Wenzelsen stepped down as board member
  • Morten Birch appointed chair of the board
  • Kim Frimer stepped down as chair of the board
20185 changesaddress 2 · management 3
  • Moved to Agerskellet 7, 8920 Randers NV
  • Moved to Agerskellet 7, 8920 Randers NV
  • Henrik Bøgh Nielsen appointed director
  • Henrik Bøgh Nielsen stepped down as board member
  • Allan Søndergård Jakobsen stepped down as director
20171 changename 1
  • Name changed from INDUSTRIVARME A/S to Verdo Energy Systems A/S
201611 changesmerger 1 · address 1 · management 7 · ownership 2
  • Merger registered in CVR
  • Moved to Agerskellet 7, 8920 Randers NV
  • Kenneth Ruby Hovgaard Jeppesen appointed board member
  • Kim Frimer appointed chair of the board
  • Hans Christian Wenzelsen appointed board member
  • Henrik Bøgh Nielsen appointed board member
  • Allan Søndergård Jakobsen stepped down as board member
  • Søren Mølgaard Kristensen stepped down as chair of the board
  • Morten Krebs Christensen stepped down as board member
  • Verdo Holding A/S registered as owner (100%)
  • IV HOLDING AALBORG A/S is no longer registered as owner
20146 changesownership 1 · management 4 · merger 1
  • IV HOLDING AALBORG A/S registered as owner (100%)
  • Allan Søndergård Jakobsen appointed board member
  • Søren Mølgaard Kristensen appointed chair of the board
  • Jens Lübeck Johansen stepped down as chair of the board
  • Jens Lübeck Johansen appointed chair of the board
  • Merger registered in CVR
20121 changemanagement 1
  • Paul Bjerring stepped down as chair of the board
20115 changescapital 1 · address 1 · management 3
  • Share capital changed from 592,500 DKK to 1,000,000 DKK
  • Moved to Landholmvej 12, 9280 Storvorde
  • Morten Krebs Christensen appointed board member
  • Allan Søndergård Jakobsen appointed director
  • Ejnar Siig Christensen stepped down as director
20102 changesmanagement 2
  • Paul Bjerring appointed chair of the board
  • Erik Knudsen Rauff stepped down as chair of the board
20092 changescapital 1 · management 1
  • Share capital changed from 500,000 DKK to 592,500 DKK
  • Ejnar Siig Christensen appointed director
20081 changeindustry 1
  • Industry changed to Installation of industrial machinery and equipment (332000)
20071 changeaddress 1
  • Moved to Gadekærsvej 12, Sejlflod, 9280 Storvorde
20066 changesname 1 · management 5
  • Name changed from INDUSTRIVARME. HANDELS- INSTALLATIONS- OG SMEDEVIRKSOMHED A/S to INDUSTRIVARME A/S
  • Erik Knudsen Rauff appointed chair of the board
  • Bjerne Bundgård Brun stepped down as director
  • Bjerne Bundgård Brun stepped down as board member
  • Lene Kluug Sørensen stepped down as board member
  • Jens Sørensen stepped down as board member
19961 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
19891 changemanagement 1
  • Karen Bodil Brun stepped down as board member
198715 changesname 1 · management 13 · founded 1
  • Name changed from ASX 12402 A/S to INDUSTRIVARME. HANDELS- INSTALLATIONS- OG SMEDEVIRKSOMHED A/S
  • Victor Christoffersen stepped down as board member
  • Jens Nørskov stepped down as board member
  • Søren Bonde stepped down as board member
  • Jens Nørskov stepped down as director
  • Registered as ASX 12402 A/S
  • Victor Christoffersen appointed board member
  • Jens Nørskov appointed board member
  • Karen Bodil Brun appointed board member
  • Bjerne Bundgård Brun appointed director
  • Bjerne Bundgård Brun appointed board member
  • Lene Kluug Sørensen appointed board member
  • Jens Sørensen appointed board member
  • Søren Bonde appointed board member
  • Jens Nørskov appointed director

Related companies

Same people in management

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 CVRReport a correction