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Wheat A/S

Public limited companyCVR 21780006GentofteActive

Wheat A/S is a public limited company, based in Gentofte, active in wholesale of clothing, founded in 1999. Net profit fell 64% from 2024 to 2025, ending at DKK 221k. With 45 employees, the company is about 9 times larger than the industry median. Gross profit is higher than that of 84% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 26.2m−4.3% vs. 2024
Net profitDKK 221k−63.6% vs. 2024
EquityDKK 18.7m−7.2% vs. 2024
Employees45latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 4% (2024 → 2025), to DKK 26.2m.
  • Net profit fell 64% (2024 → 2025), to DKK 221k.
  • Equity fell 7% (2024 → 2025), to DKK 18.7m.

Employees

  • 12 more employees than a year earlier: 45 (08/2026) against 33 (08/2025).

Management and owners, last 24 months

  • New in management: Charlotte Galsgaard (board member, 01/06/2026), Claus Tjærby (board member, 01/06/2026) and Torben Laustsen (chair of the board, 01/06/2026) (+4).
  • Stepped down: Thomas Gammelgaard Frederiksen (board member, 01/06/2026), Charlotte Galsgaard (chair of the board, 31/05/2026) and Julius Nemeth Galsgaard (board member, 01/06/2026) (+1).
  • New owners registered: Small Wonders ApS (04/06/2026).
  • No longer registered as owner: D1 Holding ApS (04/06/2026) and TGF Holding ApS (04/06/2026).

Registrations, last 24 months

  • 01/06/2026: Name changed from OFFSPRING A/S to WHEAT 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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
EquityNet profit
Financial figures for Wheat A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit23,16930,24234,45127,54027,34426,155−4.3%
Operating profit (EBIT)4,02610,54512,4242,4123,132−157−105%
Profit before tax1,95310,82516,919792773248−67.9%
Net profit1,6507,91712,917874607221−63.6%
Total assets27,44052,91776,67479,86062,34582,179+31.8%
Equity15,01924,86229,19819,07920,20718,749−7.2%
Liabilities12,42127,80046,80360,78142,13863,430+50.5%
Cash and cash equivalents1,5143,8992,8091,749913843−7.7%
Average number of employees312832323133+6.5%

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, 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 25mDKK 30mDKK 35m202020212022202320242025
Gross profitMedian, the industry (356 companies)

Signals from the financial statements

calculated from the 2025 figures

  • 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 Wheat A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202509/12/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202407/01/2025The companyPDFXBRL
202301/07/2022 – 30/06/202310/01/2024The companyPDFXBRL
202201/07/2021 – 30/06/202222/11/2022The companyPDFXBRL
202101/07/2020 – 30/06/202113/12/2021The companyPDFXBRL
202001/07/2019 – 30/06/202030/11/2020The 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

356 companies in the database

Comparison with the other companies in wholesale of clothing based on the latest financial year.

Gross profitDKK 26.2mNo. 57 of 356
Better than 84% of the companies in the industry
EquityDKK 18.7mNo. 77 of 356
Better than 79% of the companies in the industry
Number of employees45No. 47 of 356
Better than 87% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 258k, equity DKK 3.4m, 5 employees.

DKK 100kDKK 1.3mDKK 17.2mDKK 224.7mDKK 1.2bnHere
Distribution of gross profit for 331 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. 1,767of 9,892
Better than 82%
No. 1,860of 9,922
Better than 81%
Same industry and 20–49 employees60 companies in the comparison
No. 16of 60
Better than 75%
No. 28of 60
Better than 54%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,691of 24,791
Better than 89%
No. 4,627of 24,909
Better than 81%
All companies of type A/S18,025 companies in the comparison
No. 4,853of 17,786
Better than 73%
No. 6,404of 18,024
Better than 64%

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

Wholesale of clothing
Gross profit
  1. Wheat A/SDKK 26.2m
  2. DK Company A/SDKK 2.9bn
  3. Sports Connection ApSDKK 439.2m
Net profit
  1. Wheat A/SDKK 221k
  2. DK Company A/SDKK 309.3m
  3. Sports Connection ApSDKK 315.1m
Equity
  1. Wheat A/SDKK 18.7m
  2. DK Company A/SDKK 1.3bn
  3. Sports Connection ApSDKK 620.5m
Employees
  1. Wheat A/S45
  2. DK Company A/S467
  3. Sports Connection ApS76

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
  • Small Wonders ApS100%
Wheat A/S

Management

9 active registrations

Executive management

Executive management at Wheat A/S
NameRoleAppointed
Thomas Gammelgaard FrederiksenCEO02/01/2023
Simon Lajlev LarsenDirector10/07/2026

Board of directors

Board of directors at Wheat A/S
NameRoleAppointed
Peter Julius Nemeth GalsgaardBoard member26/10/2001
Charlotte GalsgaardBoard member01/06/2026
Claus TjærbyBoard member01/06/2026
Torben LaustsenChair of the board01/06/2026
Marianne TochtermannBoard member01/06/2026
Lise RyevadBoard member01/06/2026
Jesper RasmussenBoard member01/06/2026
Founders
Peter Julius Nemeth Galsgaard
Former management (15)
Former management at Wheat A/S
NameRoleAppointedResigned
Charlotte GalsgaardDirector01/06/199901/08/2019
Jens Østergaard MadsenBoard member16/01/200128/02/2018
Erik GalsgaardChair of the board26/10/200115/06/2015
Sven Gert HougaardBoard member26/10/200120/08/2024
Annette Pia Brøndholt SørensenChair of the board29/09/201502/07/2020
Thomas Gammelgaard FrederiksenBoard member28/02/201801/06/2026
Jens Ulrik Engelund HolmCEO01/08/201923/03/2020
Charlotte GalsgaardBoard member16/09/201901/07/2020
Peter Julius Nemeth GalsgaardCEO23/03/202002/01/2023
Thomas Gammelgaard FrederiksenDirector14/04/202002/07/2020
Charlotte GalsgaardChair of the board02/07/202031/05/2026
Julius Nemeth GalsgaardBoard member03/07/202001/06/2026
Thomas Gammelgaard FrederiksenDirector03/07/202001/01/2023
Guðný IngadóttirBoard member20/08/202401/06/2026
Peter Julius Nemeth GalsgaardDirector–15/10/2001

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem eller af to bestyrelsesmedlemmer.

Address and production units

2 active production units

Grusbakken 12
2820 Gentofte

Gentofte Municipality · Postcode 2820

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
WHEAT A/SGrusbakken 12, 2820 Gentofte371005199362
WHEAT Østerbrogade 96Østerbrogade 96, st, 2100 København Ø61032305799

Purpose

Selskabets formål er handel, herunder import og salg, samt dermed beslægtet virksomhed. Dertil kommer at selskabets formål blandt andet er, i sin virksomhed og drift at have en væsentlig positiv indvirkning på samfundet og miljøet som helhed.

The purpose is quoted from the register in Danish.

Changes year by year

75 registered events
202615 changesmanagement 11 · ownership 3 · name 1
  • Simon Lajlev Larsen appointed director
  • Small Wonders ApS registered as owner (100%)
  • TGF Holding ApS is no longer registered as owner
  • D1 HOLDING ApS is no longer registered as owner
  • Name changed from OFFSPRING A/S to WHEAT A/S
  • Jesper Rasmussen appointed board member
  • Charlotte Galsgaard appointed board member
  • Marianne Tochtermann appointed board member
  • Torben Laustsen appointed chair of the board
  • Claus Tjærby appointed board member
  • Lise Ryevad appointed board member
  • Guðný Ingadóttir stepped down as board member
  • Julius Nemeth Galsgaard stepped down as board member
  • Thomas Gammelgaard Frederiksen stepped down as board member
  • Charlotte Galsgaard stepped down as chair of the board
20252 changesaccounts 2
  • Annual report for 2025 published
  • Annual report for 2024 published
20245 changesmanagement 2 · ownership 2 · accounts 1
  • Guðný Ingadóttir appointed board member
  • Sven Gert Hougaard stepped down as board member
  • TGF Holding ApS registered as owner (25%)
  • TGF Holding ApS is no longer registered as owner
  • Annual report for 2023 published
20233 changesmanagement 3
  • Thomas Gammelgaard Frederiksen appointed ceo
  • Peter Julius Nemeth Galsgaard stepped down as ceo
  • Thomas Gammelgaard Frederiksen stepped down as director
20221 changeaccounts 1
  • Annual report for 2022 published
20216 changesaccounts 1 · ownership 5
  • Annual report for 2021 published
  • TGF Holding ApS registered as owner (15%)
  • TGF Holding ApS is no longer registered as owner
  • D1 HOLDING ApS registered as owner (66.67%)
  • JØM ApS is no longer registered as owner
  • D1 HOLDING ApS is no longer registered as owner
202015 changesaccounts 1 · management 9 · ownership 5
  • Annual report for 2020 published
  • Thomas Gammelgaard Frederiksen appointed director
  • Julius Nemeth Galsgaard appointed board member
  • Charlotte Galsgaard appointed chair of the board
  • Thomas Gammelgaard Frederiksen stepped down as director
  • Annette Pia Brøndholt Sørensen stepped down as chair of the board
  • Charlotte Galsgaard stepped down as board member
  • D1 HOLDING ApS registered as owner (66.67%)
  • Thomas Gammelgaard Frederiksen registered as owner (10%)
  • Thomas Gammelgaard Frederiksen is no longer registered as owner
  • TGF Holding ApS registered as owner (10%)
  • D1 HOLDING ApS is no longer registered as owner
  • Thomas Gammelgaard Frederiksen appointed director
  • Peter Julius Nemeth Galsgaard appointed ceo
  • Jens Ulrik Engelund Holm stepped down as ceo
20193 changesmanagement 3
  • Charlotte Galsgaard appointed board member
  • Jens Ulrik Engelund Holm appointed ceo
  • Charlotte Galsgaard stepped down as director
20186 changesmanagement 2 · ownership 4
  • Thomas Gammelgaard Frederiksen appointed board member
  • Jens Østergaard Madsen stepped down as board member
  • JØM ApS registered as owner (10%)
  • D1 HOLDING ApS registered as owner (90%)
  • JØM ApS is no longer registered as owner
  • D1 HOLDING ApS is no longer registered as owner
20172 changescapital 1 · merger 1
  • Share capital changed from 625,000 DKK to 630,000 DKK
  • Merger registered in CVR
20152 changesmanagement 2
  • Annette Pia Brøndholt Sørensen appointed chair of the board
  • Erik Galsgaard stepped down as chair of the board
20131 changeaddress 1
  • Moved to Grusbakken 12, 2820 Gentofte
20081 changeaddress 1
  • Moved to Grusbakken 9, 2820 Gentofte
20072 changescapital 1 · ownership 1
  • Share capital changed from 500,000 DKK to 625,000 DKK
  • JØM ApS registered as owner (20%)
20061 changeownership 1
  • D1 HOLDING ApS registered as owner (66.67%)
20018 changesname 1 · capital 2 · management 5
  • Name changed from OFFSPRING ApS to OFFSPRING A/S
  • Share capital changed from 187,500 DKK to 500,000 DKK
  • Erik Galsgaard appointed chair of the board
  • Peter Julius Nemeth Galsgaard appointed board member
  • Sven Gert Hougaard appointed board member
  • Peter Julius Nemeth Galsgaard stepped down as director
  • Share capital changed from 125,000 DKK to 187,500 DKK
  • Jens Østergaard Madsen appointed board member
19992 changesfounded 1 · management 1
  • Registered as OFFSPRING ApS
  • Charlotte Galsgaard appointed director

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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.

View in CVRReport a correction