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Welltec A/S

Public limited companyCVR 13478805AllerødActive

Welltec A/S is a public limited company, based in Allerød, active in support activities for petroleum and natural gas extraction, founded in 1989. Net profit fell 49% from 2024 to 2025, ending at DKK 97.6m. Measured by gross profit, it ranks no. 2 of 18 companies in the industry in the database. With 199 employees, the company is about 6 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 178.6m+10.2% vs. 2024
Net profitDKK 97.6m−48.6% vs. 2024
EquityDKK 184.9m−31.2% vs. 2024
Employees199latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 9% (2024 → 2025), to DKK 135.2m.
  • Revenue rose 10% (2024 → 2025), to DKK 178.6m.
  • Net profit fell 49% (2024 → 2025), to DKK 97.6m.
  • Equity fell 31% (2024 → 2025), to DKK 184.9m.

Employees

  • 24 fewer employees than a year earlier: 199 (08/2026) against 223 (08/2025).

Management and owners, last 24 months

  • Stepped down: Alasdair Geddes Shiach (board member, 25/02/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Support activities for petroleum and natural gas extraction (091000)

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 2019–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250m2019202020212022202320242025
EquityNet profit
Financial figures for Welltec A/S
2019202020212022202320242025Change
Revenue261,748209,449111,234171,714215,511162,126178,610+10.2%
Gross profit–89,30774,115132,020175,374123,821135,223+9.2%
Operating profit (EBIT)–38,25348,50487,549138,536220,223101,749−53.8%
Profit before tax33,10616,70554,44694,669148,267236,601117,452−50.4%
Net profit21,4451,13138,92269,222113,764189,71297,595−48.6%
Total assets496,700474,474251,293279,979373,128402,732498,738+23.8%
Equity48,01929,09252,699120,304220,871268,670184,875−31.2%
Liabilities448,681445,382198,594159,675152,257134,062313,863+134.1%
Cash and cash equivalents30,37226,64824,61238,05144,81651,42723,219−54.9%

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.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140mDKK 160mDKK 180m2019202020212022202320242025
Gross profitMedian, the industry (18 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 31% from 2024 to 2025 (DKK 268.7m to DKK 184.9m).

    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

7 financial years
Annual reports for Welltec A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202318/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202219/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202118/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202003/06/2021The companyPDFXBRL
201901/01/2019 – 31/12/201907/06/2020The 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
05010015020025009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

18 companies in the database

Comparison with the other companies in support activities for petroleum and natural gas extraction based on the latest financial year.

Gross profitDKK 135.2mNo. 2 of 18
Better than 94% of the companies in the industry
EquityDKK 184.9mNo. 2 of 18
Better than 94% of the companies in the industry
Number of employees199No. 5 of 18
Better than 76% of the companies in the industry

Industry median: gross profit DKK 14m, net profit DKK 1.1m, equity DKK 13.9m, 31 employees.

DKK 1.5mDKK 6mDKK 23.2mDKK 90.4mDKK 223.7mHere
Distribution of gross profit for 14 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. 376of 4,412
Better than 91%
No. 364of 4,466
Better than 92%
Companies that are at least 30 years old10,276 companies in the comparison
No. 645of 10,152
Better than 94%
No. 832of 10,275
Better than 92%
All companies of type A/S18,025 companies in the comparison
No. 1,169of 17,786
Better than 93%
No. 1,521of 18,024
Better than 92%

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

Support activities for petroleum and natural gas extraction
Gross profit
  1. Welltec A/SDKK 135.2m
  2. NorSea Denmark A/SDKK 351.9m
  3. Maersk H2s Safety Services A/SDKK 97.2m
Net profit
  1. Welltec A/SDKK 97.6m
  2. NorSea Denmark A/SDKK 5.3m
  3. Maersk H2s Safety Services A/SDKK 40.8m
Equity
  1. Welltec A/SDKK 184.9m
  2. NorSea Denmark A/SDKK 56.2m
  3. Maersk H2s Safety Services A/SDKK 120.2m
Employees
  1. Welltec A/S199
  2. NorSea Denmark A/S529
  3. Maersk H2s Safety Services A/S30

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
  • Welltec International ApS100%
Welltec A/S

Management

7 active registrations

Executive management

Executive management at Welltec A/S
NameRoleAppointed
Peter HansenCEO14/04/2021
Michael ChristensenDirector01/04/2023

Board of directors

Board of directors at Welltec A/S
NameRoleAppointed
Niels Harald de Coninck-SmithChair of the board08/02/2016
Klaus Martin BukenbergerBoard member19/06/2019
Michel Pierre René HourcardBoard member31/05/2021
Maite Labairu TrenchsBoard member25/03/2022
Benoit Ribadeau-DumasBoard member25/03/2022
Founders
Jørgen Hallundbæk
Former management (22)
Former management at Welltec A/S
NameRoleAppointedResigned
Jørgen HallundbækBoard member30/06/200414/04/2021
Jørgen HallundbækCEO30/06/200414/04/2021
Marianne Kjær HallundbækBoard member30/06/200429/06/2005
Stephen Kenneth FrenchBoard member30/06/200431/05/2005
Martin Jørgen FlagaBoard member31/05/200529/06/2005
Kai Uli KöppenBoard member29/06/200527/07/2007
Volker SchmidtBoard member29/06/200527/07/2007
Samuel Arnold David BamfordBoard member21/10/200527/07/2007
Antonio Manuel Anglin Alvares CabralBoard member25/10/200627/07/2007
Colin Robert GoodallChair of the board25/10/200627/07/2007
Søren JørgensenChair of the board27/07/200708/02/2016
Thomas Scott RobertsBoard member27/07/200724/04/2008
Sotirios Theodoros Fivos LyritzisBoard member27/07/200731/12/2011
Scott Charles CollinsBoard member24/04/200826/10/2015
Johannes Kornelis Jan SikkensBoard member25/01/201226/10/2015
Michael Philipp BrickerBoard member26/10/201519/06/2019
Annalisa StupenengoBoard member28/12/201523/05/2018
Alasdair Geddes ShiachBoard member18/08/201725/02/2026
John HaukvikBoard member18/08/201714/06/2021
Enrico VellanoBoard member23/05/201825/03/2022
Søren Søgaard SuhrDirector31/05/202111/11/2022
Anders Qvortrup ChristensenDirector11/11/202201/04/2023

Signing rule: Selskabet tegnes af to direktører i forening, af en direktør i forening med formanden for bestyrelsen, af en direktør i forening med et medlem af bestyrelsen, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

2 active production units

Gydevang 25
3450 Allerød

Allerød Municipality · Postcode 3450

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
WELLTEC A/SGydevang 25, 3450 Allerød1991000571582
Welltec A/S WIS EsbjergStorstrømsvej 6, 6715 Esbjerg N21027566045

Purpose

Selskabets formål er fabrikation, udvikling, udlejning og handel med maskinudstyr, samt levering af serviceydelser, herunder at erhverve kapitalandele i andre virksomheder med dette formål samt anden dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

73 registered events
20262 changesaccounts 1 · management 1
  • Annual report for 2025 published
  • Alasdair Geddes Shiach stepped down as board member
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Support activities for petroleum and natural gas extraction (091000)
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changesaccounts 1 · management 2
  • Annual report for 2022 published
  • Michael Christensen appointed director
  • Anders Qvortrup Christensen stepped down as director
20226 changesmanagement 5 · accounts 1
  • Anders Qvortrup Christensen appointed director
  • Søren Søgaard Suhr stepped down as director
  • Annual report for 2021 published
  • Benoit Ribadeau-Dumas appointed board member
  • Maite Labairu Trenchs appointed board member
  • Enrico Vellano stepped down as board member
20217 changesmanagement 6 · accounts 1
  • John Haukvik stepped down as board member
  • Annual report for 2020 published
  • Michel Pierre René Hourcard appointed board member
  • Søren Søgaard Suhr appointed director
  • Peter Hansen appointed ceo
  • Jørgen Hallundbæk stepped down as ceo
  • Jørgen Hallundbæk stepped down as board member
20201 changeaccounts 1
  • Annual report for 2019 published
20194 changesownership 2 · management 2
  • WELLTEC INTERNATIONAL ApS registered as owner (100%)
  • WELLTEC HOLDING ApS is no longer registered as owner
  • Klaus Martin Bukenberger appointed board member
  • Michael Philipp Bricker stepped down as board member
20182 changesmanagement 2
  • Enrico Vellano appointed board member
  • Annalisa Stupenengo stepped down as board member
20172 changesmanagement 2
  • John Haukvik appointed board member
  • Alasdair Geddes Shiach appointed board member
20162 changesmanagement 2
  • Niels Harald de Coninck-Smith appointed chair of the board
  • Søren Jørgensen stepped down as chair of the board
20154 changesmanagement 4
  • Annalisa Stupenengo appointed board member
  • Michael Philipp Bricker appointed board member
  • Johannes Kornelis Jan Sikkens stepped down as board member
  • Scott Charles Collins stepped down as board member
20131 changecapital 1
  • Share capital changed from 40,000,000 DKK to 292,005,743 DKK
20121 changemanagement 1
  • Johannes Kornelis Jan Sikkens appointed board member
20111 changemanagement 1
  • Sotirios Theodoros Fivos Lyritzis stepped down as board member
20091 changeindustry 1
  • Industry changed to Support activities for petroleum and natural gas extraction (091000)
20083 changesmanagement 2 · industry 1
  • Scott Charles Collins appointed board member
  • Thomas Scott Roberts stepped down as board member
  • Industry changed to Manufacture of machinery for mining, quarrying and construction (289200)
20079 changesmanagement 8 · ownership 1
  • Sotirios Theodoros Fivos Lyritzis appointed board member
  • Thomas Scott Roberts appointed board member
  • Søren Jørgensen appointed chair of the board
  • Antonio Manuel Anglin Alvares Cabral stepped down as board member
  • Colin Robert Goodall stepped down as chair of the board
  • Samuel Arnold David Bamford stepped down as board member
  • Kai Uli Köppen stepped down as board member
  • Volker Schmidt stepped down as board member
  • WELLTEC HOLDING ApS registered as owner (100%)
20062 changesmanagement 2
  • Antonio Manuel Anglin Alvares Cabral appointed board member
  • Colin Robert Goodall appointed chair of the board
20059 changesmanagement 7 · address 1 · industry 1
  • Samuel Arnold David Bamford appointed board member
  • Kai Uli Köppen appointed board member
  • Volker Schmidt appointed board member
  • Martin Jørgen Flaga stepped down as board member
  • Marianne Kjær Hallundbæk stepped down as board member
  • Martin Jørgen Flaga appointed board member
  • Stephen Kenneth French stepped down as board member
  • Moved to Gydevang 25, 3450 Allerød
  • Industry changed to Fremstilling af maskiner til entreprenørarbejde mv. (295290)
20047 changesname 1 · address 1 · capital 1 · management 4
  • Name changed from WELLTEC ApS to WELLTEC A/S
  • Moved to Gydevang 25-29, 3450 Allerød
  • Share capital changed from 125,000 DKK to 40,000,000 DKK
  • Jørgen Hallundbæk appointed ceo
  • Stephen Kenneth French appointed board member
  • Marianne Kjær Hallundbæk appointed board member
  • Jørgen Hallundbæk appointed board member
19971 changecapital 1
  • Share capital changed from 80,000 DKK to 125,000 DKK
19941 changename 1
  • Name changed from JØRGEN HALLUNDBÆK ApS to WELLTEC ApS
19891 changefounded 1
  • Registered as JØRGEN HALLUNDBÆK ApS

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.

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