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Vexve A/S

Public limited companyCVR 12375344SlagelseActive

Vexve A/S is a public limited company, based in Slagelse, active in manufacture of fluid power equipment, founded in 1988. Net profit fell 11% from 2024 to 2025, ending at DKK 31.7m. Measured by gross profit, it ranks no. 3 of 29 companies in the industry in the database. With 189 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 437.6m+10.9% vs. 2024
Net profitDKK 31.7m−10.9% vs. 2024
EquityDKK 78.8m−63.2% vs. 2024
Employees189latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 19% (2024 → 2025), to DKK 160.9m.
  • Revenue rose 11% (2024 → 2025), to DKK 437.6m.
  • Net profit fell 11% (2024 → 2025), to DKK 31.7m.
  • Equity fell 63% (2024 → 2025), to DKK 78.8m.

Employees

  • 11 more employees than a year earlier: 189 (08/2026) against 178 (08/2025).

Management and owners, last 24 months

  • New in management: Ulrich Gammelgaard (board member, 31/01/2025), Paul Thomas Gustavsson (chair of the board, 31/01/2025) and Riiko Johannes Kaurola (deputy chair, 31/01/2025) (+3).
  • Stepped down: René Barington (ceo, 10/03/2025), Søren Østergaard Sørensen (deputy chair, 31/01/2025) and Jørgen Leif Cadovius (chair of the board, 31/01/2025) (+4).
  • New owners registered: Vexve Oy (31/01/2025).
  • No longer registered as owner: Frese Holding ApS (31/01/2025).

Registrations, last 24 months

  • 04/05/2026: Name changed from FRESE A/S to Vexve A/S

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 50mDKK 100mDKK 150mDKK 200m202020212022202320242025
EquityNet profit
Financial figures for Vexve A/S
202020212022202320242025Change
Revenuenot statednot statednot stated353,627394,693437,639+10.9%
Gross profit93,28195,160105,722110,820135,003160,903+19.2%
Operating profit (EBIT)29,49031,66024,81123,13929,83935,888+20.3%
Profit before tax31,90535,33530,03921,47042,16838,820−7.9%
Net profit26,42628,99824,99616,84735,61331,737−10.9%
Total assets199,340247,859267,512272,313305,067309,080+1.3%
Equity135,352158,214175,760189,506214,11678,815−63.2%
Liabilities57,99282,93783,32373,65781,142219,200+170.1%
Cash and cash equivalents12,65214,59814,99017,62220,6579,828−52.4%
Average number of employees84––112,000134144+7.5%

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: 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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140mDKK 160m202020212022202320242025
Gross profitMedian, the industry (29 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 63% from 2024 to 2025 (DKK 214.1m to DKK 78.8m).

    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 Vexve A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202507/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202424/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202325/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202117/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202011/06/2021The 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
02040608010012014016018009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

29 companies in the database

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

Gross profitDKK 160.9mNo. 3 of 29
Better than 93% of the companies in the industry
EquityDKK 78.8mNo. 7 of 29
Better than 79% of the companies in the industry
Number of employees189No. 5 of 29
Better than 86% of the companies in the industry

Industry median: gross profit DKK 24.3m, net profit DKK 2.3m, equity DKK 21.3m, 37 employees.

DKK 1mDKK 4.9mDKK 23.5mDKK 113.2mDKK 323.4mHere
Distribution of gross profit for 29 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. 272of 4,412
Better than 94%
No. 831of 4,466
Better than 81%
Companies that are at least 30 years old10,276 companies in the comparison
No. 548of 10,152
Better than 95%
No. 1,488of 10,275
Better than 86%
All companies of type A/S18,025 companies in the comparison
No. 998of 17,786
Better than 94%
No. 2,675of 18,024
Better than 85%

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 fluid power equipment
Gross profit
  1. Vexve A/SDKK 160.9m
  2. Danfoss Power Solutions ApSDKK 546.5m
  3. Damcos A/SDKK 205.1m
Net profit
  1. Vexve A/SDKK 31.7m
  2. Danfoss Power Solutions ApSDKK 255.8m
  3. Damcos A/SDKK 246.1m
Equity
  1. Vexve A/SDKK 78.8m
  2. Danfoss Power Solutions ApSDKK 491.7m
  3. Damcos A/SDKK 469.2m
Employees
  1. Vexve A/S189
  2. Danfoss Power Solutions ApS1,047
  3. Damcos A/S223

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
  • Vexve Oy100%
Vexve A/S

Management

10 active registrations

Executive management

Executive management at Vexve A/S
NameRoleAppointed
Ulrich GammelgaardDirector15/03/2024
Stig Peter AgnebornCEO10/03/2025

Board of directors

Board of directors at Vexve A/S
NameRoleAppointed
Jens Axel JohansenBoard member27/04/2011
Mette KjærDeputy board member06/05/2021
Morten PrasseDeputy board member08/03/2024
Jette Marie SørensenBoard member08/03/2024
Ulrich GammelgaardBoard member31/01/2025
Paul Thomas GustavssonChair of the board31/01/2025
Riiko Johannes KaurolaDeputy chair31/01/2025
Stig Peter AgnebornBoard member13/08/2025
Founders
Medimex ApS, ApS Hvkmd 5 Nr. 555, Pehsb ApS, A/S Pse Nr. 1680
Former management (44)
Former management at Vexve A/S
NameRoleAppointedResigned
Johnni Vagn Thorsted FreseBoard member01/08/198829/04/2004
Claus Thorsted FreseBoard member01/08/198814/11/2008
Bjarne Wittendorff IbsenDirector01/08/198817/02/2000
Ulf Svejgaard PoulsenBoard member01/08/198806/01/1989
Susanne Saul StakemannChair of the board01/08/198806/01/1989
Erik NielsenBoard member01/08/198820/03/2000
Jan Løvenhardt HansenDeputy board member01/08/198830/06/1998
Preben Edvard KønigBoard member01/08/198824/06/2002
Per Odgaard SvenningsenBoard member01/08/198825/09/1995
Hans Ernfred ØhrstrømBoard member01/08/198816/08/1989
Per Emil Hasselbalch StakemannBoard member01/08/198806/01/1989
Per Emil Hasselbalch StakemannDirector01/08/198806/01/1989
Thorkild Børge FreseBoard member01/08/198801/05/1991
Uffe Frederik HansenBoard member01/08/198821/02/1994
Eva Birthe FaighBoard member01/08/198821/02/1994
Gert Suhr HansenBoard member01/08/198829/04/2013
Bodil AndersenBoard member01/08/198803/04/1996
Frank HemmingsenBoard member06/03/199530/06/1998
Bjarne Wittendorff IbsenBoard member25/09/199524/06/2002
Morten PrasseBoard member15/09/199731/08/2000
Willy Otto Hansen AndersenBoard member17/02/200026/03/2003
Jens Terkel Lund-NielsenBoard member20/03/200022/10/2001
Jesper Friis-Wandall NielsenBoard member19/03/200324/04/2007
Susanne JensenDeputy board member19/03/200324/04/2007
Kim Thorsted FreseBoard member29/04/200406/05/2022
Claus Thorsted FreseDirector06/04/200508/05/2018
Søren Bilenberg OlsenCEO26/09/200601/02/2012
Stephen John HartDirector26/09/200625/04/2012
Ib Erik Finn PoulsenBoard member24/04/200727/04/2011
Søs ChristensenDeputy board member24/04/200727/04/2011
Tina Sofie FreseBoard member14/11/200808/05/2018
Aksel Risager ChristensenDeputy board member27/04/201106/05/2021
René BaringtonCEO01/02/201210/03/2025
Benny OlsenBoard member29/04/201301/03/2024
Søren Østergaard SørensenDeputy chair29/04/201331/01/2025
Jørgen Leif CadoviusChair of the board29/04/201331/01/2025
Søren Hoelgaard JustesenBoard member08/05/201831/01/2025
Tina Sofie FreseDirector08/05/201806/05/2022
Jussi Richart FoltmarDeputy board member06/05/202101/03/2024
Lars RahbekDirector06/05/202208/05/2023
Tina Sofie FreseBoard member06/05/202231/01/2025
Nicholas Vinderslev FreseBoard member15/03/202415/03/2024
Stig Peter AgnebornDirector01/04/202409/03/2025
René BaringtonBoard member31/01/202513/08/2025

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

Address and production units

1 active production units

Sorøvej 8
4200 Slagelse

Slagelse Municipality · Postcode 4200

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Vexve A/SSorøvej 8, 4200 Slagelse1891000376876

Purpose

Selskabets formål er at drive handel med og produktion af armaturer samt at drive varmpresseri. Selskabets formål kan udøves dels direkte dels gennem anbringelse af kapital i andre virksomheder samt enhver sådan virksomhed, som står i naturlig forbindelse hermed

The purpose is quoted from the register in Danish.

Changes year by year

116 registered events
20262 changesaccounts 1 · name 1
  • Annual report for 2025 published
  • Name changed from FRESE A/S to Vexve A/S
202516 changesmanagement 13 · accounts 1 · ownership 2
  • Stig Peter Agneborn appointed board member
  • René Barington stepped down as board member
  • Annual report for 2024 published
  • Stig Peter Agneborn appointed ceo
  • René Barington stepped down as ceo
  • Stig Peter Agneborn stepped down as director
  • Paul Thomas Gustavsson appointed chair of the board
  • Ulrich Gammelgaard appointed board member
  • Riiko Johannes Kaurola appointed deputy chair
  • René Barington appointed board member
  • Tina Sofie Frese stepped down as board member
  • Søren Hoelgaard Justesen stepped down as board member
  • Jørgen Leif Cadovius stepped down as chair of the board
  • Søren Østergaard Sørensen stepped down as deputy chair
  • Vexve Oy registered as owner (100%)
  • FRESE HOLDING ApS is no longer registered as owner
20249 changesmanagement 8 · accounts 1
  • Stig Peter Agneborn appointed director
  • Annual report for 2023 published
  • Nicholas Vinderslev Frese appointed board member
  • Nicholas Vinderslev Frese stepped down as board member
  • Ulrich Gammelgaard appointed director
  • Morten Prasse appointed deputy board member
  • Jette Marie Sørensen appointed board member
  • Jussi Richart Foltmar stepped down as deputy board member
  • Benny Olsen stepped down as board member
20232 changesmanagement 1 · accounts 1
  • Lars Rahbek stepped down as director
  • Annual report for 2022 published
20226 changesaccounts 1 · management 4 · industry 1
  • Annual report for 2021 published
  • Lars Rahbek appointed director
  • Tina Sofie Frese appointed board member
  • Tina Sofie Frese stepped down as director
  • Kim Thorsted Frese stepped down as board member
  • Industry changed to Manufacture of fluid power equipment (281200)
20214 changesaccounts 1 · management 3
  • Annual report for 2020 published
  • Mette Kjær appointed deputy board member
  • Jussi Richart Foltmar appointed deputy board member
  • Aksel Risager Christensen stepped down as deputy board member
20184 changesmanagement 4
  • Tina Sofie Frese appointed director
  • Søren Hoelgaard Justesen appointed board member
  • Tina Sofie Frese stepped down as board member
  • Claus Thorsted Frese stepped down as director
20134 changesmanagement 4
  • Benny Olsen appointed board member
  • Jørgen Leif Cadovius appointed chair of the board
  • Søren Østergaard Sørensen appointed deputy chair
  • Gert Suhr Hansen stepped down as board member
20123 changesmanagement 3
  • Stephen John Hart stepped down as director
  • René Barington appointed ceo
  • Søren Bilenberg Olsen stepped down as ceo
20114 changesmanagement 4
  • Jens Axel Johansen appointed board member
  • Aksel Risager Christensen appointed deputy board member
  • Ib Erik Finn Poulsen stepped down as board member
  • Søs Christensen stepped down as deputy board member
20083 changesmanagement 2 · industry 1
  • Tina Sofie Frese appointed board member
  • Claus Thorsted Frese stepped down as board member
  • Industry changed to Manufacture of other taps and valves (281400)
20075 changesmanagement 4 · address 1
  • Ib Erik Finn Poulsen appointed board member
  • Søs Christensen appointed deputy board member
  • Susanne Jensen stepped down as deputy board member
  • Jesper Friis-Wandall Nielsen stepped down as board member
  • Moved to Sorøvej 8, 4200 Slagelse
20062 changesmanagement 2
  • Stephen John Hart appointed director
  • Søren Bilenberg Olsen appointed ceo
20051 changemanagement 1
  • Claus Thorsted Frese appointed director
20042 changesmanagement 2
  • Kim Thorsted Frese appointed board member
  • Johnni Vagn Thorsted Frese stepped down as board member
20033 changesmanagement 3
  • Willy Otto Hansen Andersen stepped down as board member
  • Susanne Jensen appointed deputy board member
  • Jesper Friis-Wandall Nielsen appointed board member
20024 changesname 1 · management 2 · ownership 1
  • Name changed from FRESE ARMATUR A/S to FRESE A/S
  • Bjarne Wittendorff Ibsen stepped down as board member
  • Preben Edvard Kønig stepped down as board member
  • FRESE HOLDING ApS registered as owner (100%)
20011 changemanagement 1
  • Jens Terkel Lund-Nielsen stepped down as board member
20005 changesmanagement 5
  • Morten Prasse stepped down as board member
  • Jens Terkel Lund-Nielsen appointed board member
  • Erik Nielsen stepped down as board member
  • Willy Otto Hansen Andersen appointed board member
  • Bjarne Wittendorff Ibsen stepped down as director
19982 changesmanagement 2
  • Frank Hemmingsen stepped down as board member
  • Jan Løvenhardt Hansen stepped down as deputy board member
19971 changemanagement 1
  • Morten Prasse appointed board member
19961 changemanagement 1
  • Bodil Andersen stepped down as board member
19953 changesmanagement 3
  • Bjarne Wittendorff Ibsen appointed board member
  • Per Odgaard Svenningsen stepped down as board member
  • Frank Hemmingsen appointed board member
19942 changesmanagement 2
  • Eva Birthe Faigh stepped down as board member
  • Uffe Frederik Hansen stepped down as board member
19911 changemanagement 1
  • Thorkild Børge Frese stepped down as board member
19898 changesmanagement 5 · capital 1 · name 2
  • Hans Ernfred Øhrstrøm stepped down as board member
  • Share capital changed from 300,000 DKK to 2,000,000 DKK
  • Name changed from FRESE ARMARTUR A/S to FRESE ARMATUR A/S
  • Name changed from A/S PSE 10 NR. 1500 to FRESE ARMARTUR A/S
  • Susanne Saul Stakemann stepped down as chair of the board
  • Ulf Svejgaard Poulsen stepped down as board member
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Per Emil Hasselbalch Stakemann stepped down as board member
198818 changesfounded 1 · management 17
  • Registered as A/S PSE 10 NR. 1500
  • Per Odgaard Svenningsen appointed board member
  • Preben Edvard Kønig appointed board member
  • Jan Løvenhardt Hansen appointed deputy board member
  • Erik Nielsen appointed board member
  • Susanne Saul Stakemann appointed chair of the board
  • Ulf Svejgaard Poulsen appointed board member
  • Bjarne Wittendorff Ibsen appointed director
  • Johnni Vagn Thorsted Frese appointed board member
  • Claus Thorsted Frese appointed board member
  • Bodil Andersen appointed board member
  • Gert Suhr Hansen appointed board member
  • Eva Birthe Faigh appointed board member
  • Uffe Frederik Hansen appointed board member
  • Thorkild Børge Frese appointed board member
  • Per Emil Hasselbalch Stakemann appointed director
  • Per Emil Hasselbalch Stakemann appointed board member
  • Hans Ernfred Øhrstrøm appointed board member

Related companies

Same people in management

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 23/10/2026.

View in CVRReport a correction