Volsted Distillery ApS
Private limited companyCVR 39282135StøvringActive
Volsted Distillery ApS is a private limited company, based in Støvring, active in distilling, rectifying and blending of spirits, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 441k. Equity fell to DKK 437k in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 42% (2024 → 2025), to DKK 498k.
- The loss got smaller: from DKK 456k to DKK 441k (2024 → 2025).
- Equity fell 50% (2024 → 2025), to DKK 437k.
Employees
- 1 more employees than a year earlier: 3 (07/2026) against 2 (07/2025).
Management and owners, last 24 months
- New in management: Lars Steen Pedersen (board member, 30/10/2024), Thorbjørn Ravn Kaagaard (chair of the board, 30/10/2024) and Ditte Ravn Kaagaard (board member, 30/10/2024) (+1).
Registrations, last 24 months
- 23/06/2025: Name changed from Volsted Destilleri ApS to Volsted Distillery ApS
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 | 1,266 | 2,311 | 1,607 | 1,205 | 864 | 498 | −42.4% |
| Operating profit (EBIT) | 926 | 786 | 82 | −309 | −572 | −531 | +7.2% |
| Profit before tax | 919 | 768 | 69 | −319 | −579 | −563 | +2.8% |
| Net profit | 715 | 598 | 52 | −249 | −456 | −441 | +3.2% |
| Total assets | 1,982 | 2,520 | 2,305 | 1,995 | 1,770 | 1,245 | −29.7% |
| Equity | 878 | 1,363 | 1,301 | 934 | 878 | 437 | −50.2% |
| Liabilities | 1,098 | 1,157 | 1,003 | 1,060 | 892 | 807 | −9.5% |
| Cash and cash equivalents | 986 | 1,153 | 744 | 778 | 322 | 35 | −89.1% |
| Average number of employees | 1 | 3 | 3 | 2 | 2 | 2 | 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
Signals from the financial statements
calculated from the 2025 figuresLoss for 3 years in a row
Net result has been negative in 2023–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 50% from 2024 to 2025 (DKK 878k to DKK 437k).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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 | 01/01/2025 – 31/12/2025 | 15/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 20/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 25/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 23/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 21/04/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 22/05/2021 | 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
40 companies in the databaseComparison with the other companies in distilling, rectifying and blending of spirits based on the latest financial year.
Industry median: gross profit DKK 816k, net profit DKK 606, equity DKK 583k, 2 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. 54,302of 69,742 Better than 22% | No. 43,556of 69,964 Better than 38% |
| Same industry and fewer than 20 employees39 companies in the comparison | No. 26of 39 Better than 34% | No. 24of 39 Better than 39% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 27,623of 33,588 Better than 18% | No. 20,623of 33,687 Better than 39% |
| All companies of type ApS66,508 companies in the comparison | No. 52,252of 66,379 Better than 21% | No. 39,461of 66,505 Better than 41% |
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
Distilling, rectifying and blending of spirits- Volsted Distillery ApSDKK 498k
- United Drinks A/SDKK 8.8m
- Thy Whisky ApSDKK 4.9m
- Volsted Distillery ApS−DKK 441k
- United Drinks A/SDKK 1.5m
- Thy Whisky ApSDKK 1.1m
- Volsted Distillery ApSDKK 437k
- United Drinks A/SDKK 2.3m
- Thy Whisky ApSDKK 5.5m
- Volsted Distillery ApS3
- United Drinks A/S9
- Thy Whisky ApS10
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Dos Mares ApS25%
- TDKAA Holding ApS66.67%
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Thorbjørn Ravn Kaagaard | CEO | 26/01/2018 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Lars Steen Pedersen | Board member | 30/10/2024 |
| Thorbjørn Ravn Kaagaard | Chair of the board | 30/10/2024 |
| Ditte Ravn Kaagaard | Board member | 30/10/2024 |
| Mads Hviid Carlsen | Board member | 30/10/2024 |
- Founders
- Thorbjørn Ravn Kaagaard
Signing rule: Selskabet tegnes af den administrerende direktør alene eller af den samlede bestyrelse
Address and production units
2 active production unitsVolsted Skolevej 110
9530 Støvring
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Volsted Distillery ApS | Volsted Skolevej 110, 9530 Støvring | 9 | 1023290215 |
| Hermesvej 3 Lager og Fylderi | Hermesvej 3, 9530 Støvring | – | 1030003078 |
Purpose
Selskabets formål er at drive virksomhed med handel og service, samt enhver i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
20 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesname 1 · accounts 1
- NameName changed from Volsted Destilleri ApS to Volsted Distillery ApS
- AccountsAnnual report for 2024 published
20249 changesmanagement 4 · ownership 3 · capital 1 · accounts 1
- ManagementLars Steen Pedersen appointed board member
- ManagementThorbjørn Ravn Kaagaard appointed chair of the board
- ManagementDitte Ravn Kaagaard appointed board member
- ManagementMads Hviid Carlsen appointed board member
- OwnershipTDKAA Holding ApS registered as owner (66.67%)
- OwnershipThorbjørn Ravn Kaagaard is no longer registered as owner
- CapitalShare capital changed from 40,000 DKK to 53,333 DKK
- OwnershipDos Mares ApS registered as owner (25%)
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20192 changesname 1 · capital 1
- NameName changed from Volsted Destilleri IVS to Volsted Destilleri ApS
- CapitalShare capital changed from 10,000 DKK to 40,000 DKK
20183 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as Volsted Destilleri IVS
- ManagementThorbjørn Ravn Kaagaard appointed ceo
- OwnershipThorbjørn Ravn Kaagaard registered as owner (66.67%)
Related companies
Same people in management
- Eventyrsport A/Svia Lars Steen Pedersen
- Murerfirmaet Axel Poulsen A/Svia Lars Steen Pedersen
- Randers Leisure Center A/Svia Lars Steen Pedersen
- Dgi Huset Herning A/Svia Lars Steen Pedersen
- Mac Y A/Svia Lars Steen Pedersen
- HeroCamper ApSvia Lars Steen Pedersen
Largest in the industry
- United Drinks A/SDKK 8.8m
- Thy Whisky ApSDKK 4.9m
- Wild Distillery Bornholm ApSDKK 4.6m
- EtOH Spirits ApSDKK 4.1m
- Mosgaard Destilleri ApSDKK 4m
- Copenhagen Distillery ApSDKK 3.6m
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.