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Vestergaard Nielsen A/S

Public limited companyCVR 31619750KøgeActive

Vestergaard Nielsen A/S is a public limited company, based in Køge, active in joinery installation, founded in 2008. Net profit fell 84% from 2024 to 2025, ending at DKK 308k. With 30 employees, the company is about 8 times larger than the industry median. Equity fell to DKK 4.3m in 2025.

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Key figures · financial year 2025

Gross profitDKK 12.5m−12.7% vs. 2024
Net profitDKK 308k−83.7% vs. 2024
EquityDKK 4.3m−38.8% vs. 2024
Employees30latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 13% (2024 → 2025), to DKK 12.5m.
  • Net profit fell 84% (2024 → 2025), to DKK 308k.
  • Equity fell 39% (2024 → 2025), to DKK 4.3m.

Employees

  • 1 more employees than a year earlier: 30 (08/2026) against 29 (08/2025).

Management and owners, last 24 months

  • New in management: Lydia Vestergaard (board member, 30/05/2025), Aksel Larsen (chair of the board, 26/06/2025) and Aksel Larsen (board member, 25/11/2024).
  • Stepped down: Emil Elkjær Borch (board member, 25/11/2024), Morten Vincent Vestergaard (chair of the board, 16/04/2025) and Aksel Larsen (board member, 25/06/2025).
  • New owners registered: Karsten Vestergaard Holding ApS (16/04/2025) and Køge Property ApS (16/04/2025).
  • No longer registered as owner: Karsten Vestergaard Holding ApS (15/04/2025), Morten Vestergaard Holding ApS (16/04/2025) and Køge Property ApS (15/04/2025).

Registrations, last 24 months

  • 15/03/2025: Moved to Ølbyvej 110A, 4600 Køge
  • 01/01/2025: Industry changed to Joinery installation (433200)

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16m202020212022202320242025
EquityNet profit
Financial figures for Vestergaard Nielsen A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit23,24126,46821,09624,95614,33412,519−12.7%
Operating profit (EBIT)2,7894,3763,8756,2762,220660−70.3%
Profit before tax3924,4113,7946,5912,437417−82.9%
Net profit2453,4222,8975,1191,895308−83.7%
Total assets54,40244,80337,47939,95828,35530,627+8%
Equity10,61214,03512,93216,0516,9464,254−38.8%
Liabilities38,73630,21124,28621,42519,08825,346+32.8%
Cash and cash equivalents99607,663101010+0.2%
Average number of employees443935382419−20.8%

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 25m202020212022202320242025
Gross profitMedian, the industry (3,429 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 39% from 2024 to 2025 (DKK 6.9m to DKK 4.3m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • 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 Vestergaard Nielsen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202522/12/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202421/12/2024The companyPDFXBRL
202301/07/2022 – 30/06/202322/12/2023The companyPDFXBRL
202201/07/2021 – 30/06/202221/12/2022The companyPDFXBRL
202101/07/2020 – 30/06/202107/12/2021The companyPDFXBRL
202001/07/2019 – 30/06/202009/12/2020The 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
0102030405009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

3,429 companies in the database

Comparison with the other companies in joinery installation based on the latest financial year.

Gross profitDKK 12.5mNo. 269 of 3,428
Better than 92% of the companies in the industry
EquityDKK 4.3mNo. 378 of 3,429
Better than 89% of the companies in the industry
Number of employees30No. 285 of 3,429
Better than 92% of the companies in the industry

Industry median: gross profit DKK 2m, net profit DKK 133k, equity DKK 623k, 4 employees.

DKK 100kDKK 780kDKK 6.1mDKK 47.5mDKK 186.9mHere
Distribution of gross profit for 3,347 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 20–49 employees9,922 companies in the comparison
No. 4,913of 9,892
Better than 50%
No. 5,077of 9,922
Better than 49%
Same industry and 20–49 employees292 companies in the comparison
No. 154of 292
Better than 47%
No. 141of 292
Better than 52%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 5,009of 24,791
Better than 80%
No. 10,546of 24,909
Better than 58%
All companies of type A/S18,025 companies in the comparison
No. 7,983of 17,786
Better than 55%
No. 12,128of 18,024
Better than 33%

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

Joinery installation
Gross profit
  1. Vestergaard Nielsen A/SDKK 12.5m
  2. Egil Rasmussen A/SDKK 370.7m
  3. Jakon A/SDKK 197.1m
Net profit
  1. Vestergaard Nielsen A/SDKK 308k
  2. Egil Rasmussen A/SDKK 65.4m
  3. Jakon A/SDKK 66.1m
Equity
  1. Vestergaard Nielsen A/SDKK 4.3m
  2. Egil Rasmussen A/SDKK 212.5m
  3. Jakon A/SDKK 205.4m
Employees
  1. Vestergaard Nielsen A/S30
  2. Egil Rasmussen A/S523
  3. Jakon A/S446

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
  • Karsten Vestergaard Holding ApS66.67%
  • Køge Property ApS25%
Vestergaard Nielsen A/S

Management

4 active registrations

Executive management

Executive management at Vestergaard Nielsen A/S
NameRoleAppointed
Karsten Vincent VestergaardDirector01/07/2008

Board of directors

Board of directors at Vestergaard Nielsen A/S
NameRoleAppointed
Karsten Vincent VestergaardBoard member01/07/2008
Lydia VestergaardBoard member30/05/2025
Aksel LarsenChair of the board26/06/2025
Founders
Karsten Vestergaard Holding ApS, Danny A. K. Nielsen Holding ApS
Former management (5)
Former management at Vestergaard Nielsen A/S
NameRoleAppointedResigned
Danny Adler Kirkegaard NielsenChair of the board01/07/200814/12/2016
Morten Vincent VestergaardBoard member01/07/200813/12/2016
Emil Elkjær BorchBoard member04/10/201325/11/2024
Morten Vincent VestergaardChair of the board14/12/201616/04/2025
Aksel LarsenBoard member25/11/202425/06/2025

Signing rule: Selskabet tegnes af direktøren alene, af to bestyrelsesmedlemmer eller af den samlede bestyrelse.

Address and production units

2 active production units

Ølbyvej 110A
4600 Køge

Køge Municipality · Postcode 4600

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
ABC SnedkerietJernholmen 2, 2650 Hvidovre21022119571
VESTERGAARD NIELSEN A/SØlbyvej 110A, 4600 Køge11014630305

Purpose

Selskabets formål er at drive byggeentreprenørvirksomhed samt anden efter bestyrelsens skøn dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

40 registered events
202512 changesaccounts 1 · management 4 · ownership 5 · address 1 · industry 1
  • Annual report for 2025 published
  • Aksel Larsen appointed chair of the board
  • Aksel Larsen stepped down as board member
  • Lydia Vestergaard appointed board member
  • Morten Vincent Vestergaard stepped down as chair of the board
  • KARSTEN VESTERGAARD HOLDING ApS registered as owner (66.67%)
  • KØGE PROPERTY ApS registered as owner (25%)
  • MORTEN VESTERGAARD HOLDING ApS is no longer registered as owner
  • KØGE PROPERTY ApS is no longer registered as owner
  • KARSTEN VESTERGAARD HOLDING ApS is no longer registered as owner
  • Moved to Ølbyvej 110A, 4600 Køge
  • Industry changed to Joinery installation (433200)
20243 changesaccounts 1 · management 2
  • Annual report for 2024 published
  • Aksel Larsen appointed board member
  • Emil Elkjær Borch stepped down as board member
20232 changesaccounts 1 · ownership 1
  • Annual report for 2023 published
  • KØGE PROPERTY ApS registered as owner (20%)
20221 changeaccounts 1
  • Annual report for 2022 published
20212 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Ølsemagle Kirkevej 73, 4600 Køge
20201 changeaccounts 1
  • Annual report for 2020 published
20192 changesaddress 2
  • Moved to Ølsemagle Kirkevej 73, 4623 Lille Skensved
  • Moved to Ølsemagle Kirkevej 73, 4623 Lille Skensved
20184 changesownership 4
  • MORTEN VESTERGAARD HOLDING ApS registered as owner (25%)
  • KARSTEN VESTERGAARD HOLDING ApS registered as owner (50%)
  • MORTEN VESTERGAARD HOLDING ApS is no longer registered as owner
  • KARSTEN VESTERGAARD HOLDING ApS is no longer registered as owner
20163 changesmanagement 3
  • Morten Vincent Vestergaard appointed chair of the board
  • Danny Adler Kirkegaard Nielsen stepped down as chair of the board
  • Morten Vincent Vestergaard stepped down as board member
20141 changeaddress 1
  • Moved to Sandvadsvej 15A, 4600 Køge
20131 changemanagement 1
  • Emil Elkjær Borch appointed board member
20092 changesaddress 1 · ownership 1
  • Moved to Humlekærgård 10, 4600 Køge
  • MORTEN VESTERGAARD HOLDING ApS registered as owner (20%)
20086 changesfounded 1 · management 4 · ownership 1
  • Registered as VESTERGAARD NIELSEN A/S
  • Danny Adler Kirkegaard Nielsen appointed chair of the board
  • Karsten Vincent Vestergaard appointed board member
  • Karsten Vincent Vestergaard appointed director
  • Morten Vincent Vestergaard appointed board member
  • KARSTEN VESTERGAARD HOLDING ApS registered as owner (66.67%)

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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. 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