Watertrade ApS
Private limited companyCVR 40868666HvidovreActive
Watertrade ApS is a private limited company, based in Hvidovre, active in retail sale of building materials and tools, founded in 2019. Net profit rose 18% from 2024 to 2025, ending at DKK 464k. Profit has grown three years in a row. Equity grew to DKK 1.4m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 52% (2024 → 2025), to DKK 2.1m.
- Net profit rose 18% (2024 → 2025), to DKK 464k.
- Equity rose 27% (2024 → 2025), to DKK 1.4m.
Employees
- 2 more employees than a year earlier: 4 (07/2026) against 2 (07/2025).
Registrations, last 24 months
- 07/01/2025: Moved to Kanalholmen 14V, 2650 Hvidovre
- 01/01/2025: Industry changed to Retail sale of building materials and tools (475220)
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 | 113 | 500 | 1,205 | 1,107 | 1,357 | 2,057 | +51.6% |
| Operating profit (EBIT) | 74 | – | 701 | 424 | 593 | 678 | +14.4% |
| Profit before tax | 74 | 75 | 673 | 383 | 515 | 608 | +18.1% |
| Net profit | 57 | 58 | 524 | 292 | 392 | 464 | +18.4% |
| Total assets | 689 | 1,725 | 3,601 | 3,947 | 5,190 | 6,662 | +28.4% |
| Equity | 97 | 155 | 679 | 841 | 1,083 | 1,377 | +27.2% |
| Liabilities | 592 | 1,570 | 2,923 | 3,102 | 4,082 | 5,267 | +29% |
| Cash and cash equivalents | 57 | 211 | 927 | 658 | 652 | 816 | +25.2% |
| Average number of employees | 1 | 1 | 1 | 1 | 1 | 2 | +100% |
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 | 01/01/2025 – 31/12/2025 | 29/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 24/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 28/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 29/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 21/06/2022 | The company | PDFXBRL |
| 2020 | 17/10/2019 – 31/12/2020 | 05/07/2021 | 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
128 companies in the databaseComparison with the other companies in retail sale of building materials and tools based on the latest financial year.
Industry median: gross profit DKK 2.2m, net profit DKK 103k, equity DKK 1.9m, 4 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. 30,386of 69,742 Better than 56% | No. 29,355of 69,964 Better than 58% |
| Same industry and fewer than 20 employees110 companies in the comparison | No. 51of 110 Better than 54% | No. 54of 110 Better than 51% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 16,661of 33,588 Better than 50% | No. 13,277of 33,687 Better than 61% |
| All companies of type ApS66,508 companies in the comparison | No. 29,494of 66,379 Better than 56% | No. 25,302of 66,505 Better than 62% |
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
Retail sale of building materials and tools- Watertrade ApSDKK 2.1m
- Harald Nyborg A/SDKK 2.2bn
- Jem & Fix A/SDKK 1.1bn
- Watertrade ApSDKK 464k
- Harald Nyborg A/SDKK 610m
- Jem & Fix A/SDKK 449.9m
- Watertrade ApSDKK 1.4m
- Harald Nyborg A/SDKK 4.7bn
- Jem & Fix A/SDKK 2.4bn
- Watertrade ApS4
- Harald Nyborg A/S2,132
- Jem & Fix A/S2,347
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Black Invest ApS50%
- Spanning Holding ApS50%
Management
2 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Stine Madsen Spanning | Director | 28/11/2019 |
| Lars Madsen Spanning | Director | 11/12/2022 |
- Founders
- Thilde Spanning Johansen
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Thilde Spanning Johansen | CEO | 17/10/2019 | 28/11/2019 |
Signing rule: Selskabet tegnes af én direktør
Address and production units
1 active production unitsKanalholmen 14V
2650 Hvidovre
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Watertrade ApS | Kanalholmen 14V, 2650 Hvidovre | 4 | 1025144542 |
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
21 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesaccounts 1 · address 1 · industry 1
- AccountsAnnual report for 2024 published
- AddressMoved to Kanalholmen 14V, 2650 Hvidovre
- IndustryIndustry changed to Retail sale of building materials and tools (475220)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20224 changesmanagement 1 · accounts 1 · ownership 2
- ManagementLars Madsen Spanning appointed director
- AccountsAnnual report for 2021 published
- OwnershipBlack Invest ApS registered as owner (50%)
- OwnershipSpanning Holding ApS registered as owner (50%)
20213 changesownership 1 · accounts 1 · address 1
- OwnershipSpanning Holding ApS is no longer registered as owner
- AccountsAnnual report for 2020 published
- AddressMoved to Jernholmen 54, 2650 Hvidovre
20201 changeaddress 1
- AddressMoved to Københavnsvej 69, 4000 Roskilde
20197 changesmanagement 3 · ownership 3 · founded 1
- ManagementStine Madsen Spanning appointed director
- ManagementThilde Spanning Johansen stepped down as ceo
- OwnershipSpanning Holding ApS registered as owner (100%)
- OwnershipThilde Spanning Johansen is no longer registered as owner
- FoundedRegistered as Watertrade ApS
- ManagementThilde Spanning Johansen appointed ceo
- OwnershipThilde Spanning Johansen registered as owner (100%)
Related companies
Largest in the industry
- Harald Nyborg A/SDKK 2.2bn
- Jem & Fix A/SDKK 1.1bn
- Bauhaus Danmark A/SDKK 642.4m
- Silvan A/SDKK 343.1m
- DLG Service A/SDKK 174.6m
- P. Lindberg A/SDKK 63.6m
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.