Windar Photonics A/S
Public limited companyCVR 32157688IshøjActive
Windar Photonics A/S is a public limited company, based in Ishøj, active in research and experimental development on natural sciences and engineering, founded in 2008. Equity was negative at the end of 2025 (−DKK 4.3m). The company made a loss in both 2024 and 2025, most recently DKK 8.6m. With 33 employees, the company is about 7 times larger than the industry median.
Key figures · financial year 2025
Gross profitDKK 18.8m+38.6% vs. 2024
Net profit−DKK 8.6m−251.2% vs. 2024
Equity−DKK 4.3m−201.2% vs. 2024
Employees33latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 39% (2024 → 2025), to DKK 18.8m.
- The loss grew: from DKK 2.4m to DKK 8.6m (2024 → 2025).
- Equity turned negative: −DKK 4.3m (2024 → 2025).
Employees
- 7 more employees than a year earlier: 33 (08/2026) against 26 (08/2025).
Management and owners, last 24 months
- New in management: Gavin Maxwell Manson (board member, 06/01/2026), Andreas Berg Nielsen (ceo, 01/06/2026) and Søren Karles Belmar (director, 06/01/2026).
- Stepped down: Jørgen Korsgaard Jensen (director, 05/01/2026), Jørgen Korsgaard Jensen (board member, 05/01/2026) and Søren Karles Belmar (director, 16/09/2026).
Registrations, last 24 months
- 25/06/2025: Moved to Baldersbækvej 24, 1, 2635 Ishøj
- 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
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 | 1,698 | 355 | 3,027 | 8,945 | 13,540 | 18,763 | +38.6% |
| Operating profit (EBIT) | −7,831 | −7,872 | −5,452 | 49 | −3,020 | −2,847 | +5.8% |
| Profit before tax | −10,000 | −9,817 | −4,276 | −5,210 | −4,132 | −11,493 | −178.1% |
| Net profit | −8,118 | −7,966 | −2,624 | −4,323 | −2,445 | −8,587 | −251.2% |
| Total assets | 20,506 | 18,305 | 21,901 | 21,711 | 110,676 | 90,453 | −18.3% |
| Equity | 1,266 | −3,600 | 11,037 | 6,714 | 4,268 | −4,319 | −201.2% |
| Liabilities | 18,703 | 21,309 | 10,524 | 14,807 | 106,131 | 94,508 | −11% |
| Cash and cash equivalents | 508 | 303 | 2,428 | 754 | 51,733 | 29,864 | −42.3% |
| Average number of employees | 15 | 14 | 15 | 17 | 21 | 24 | +14.3% |
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 figuresNegative equity
Equity was −DKK 4.3m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 6 years in a row
Net result has been negative in 2020–2025.
How is this calculated?
Net result is negative in the two or more 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 | 26/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 01/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 18/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 08/11/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 01/07/2021 | 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
431 companies in the databaseComparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.
Gross profitDKK 18.8mNo. 58 of 421
Better than 86% of the companies in the industry
Equity−DKK 4.3mNo. 376 of 431
Better than 13% of the companies in the industry
Number of employees33No. 80 of 431
Better than 82% of the companies in the industry
Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 20–49 employees9,922 companies in the comparison | No. 3,154of 9,892 Better than 68% | No. 9,676of 9,922 Better than 2% |
| Same industry and 20–49 employees64 companies in the comparison | No. 17of 62 Better than 74% | No. 53of 64 Better than 17% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 3,586of 24,791 Better than 86% | No. 24,623of 24,909 Better than 1% |
| All companies of type A/S18,025 companies in the comparison | No. 6,238of 17,786 Better than 65% | No. 17,660of 18,024 Better than 2% |
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
Research and experimental development on natural sciences and engineeringGross profit
- Windar Photonics A/SDKK 18.8m
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
Net profit
- Windar Photonics A/S−DKK 8.6m
- Carlsberg A/SDKK 7bn
- Zealand Pharma A/SDKK 6.5bn
Equity
- Windar Photonics A/S−DKK 4.3m
- Carlsberg A/SDKK 30.7bn
- Zealand Pharma A/SDKK 14.8bn
Employees
- Windar Photonics A/S33
- Carlsberg A/S107
- Zealand Pharma A/S569
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Windar Denmark ApS100%
Windar Photonics A/S
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Andreas Berg Nielsen | CEO | 01/06/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Paul Joseph Hodges | Board member | 03/11/2022 |
| David George Lis | Chair of the board | 25/06/2024 |
| Gavin Maxwell Manson | Board member | 06/01/2026 |
- Founders
- Henrik Læsø Sørensen, Favato ApS, Meka ApS, Oxb ApS, Nordic Venture Capital A/S, J. Blach Petersen Business Development A/S, Tingskifte Invest A/S, M+ Invest ApS, Investeringsselskabet af 11. August 2005 A/S, Sinika Limited
Former management (25)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Jørgen Korsgaard Jensen | Board member | 28/12/2008 | 18/08/2022 |
| Jørgen Korsgaard Jensen | Director | 28/12/2008 | 03/04/2012 |
| Henrik Læsø Sørensen | Board member | 28/12/2008 | 19/09/2011 |
| Kim Rishøj Pedersen | Board member | 28/12/2008 | 19/09/2011 |
| Stig Gert Ersgard | Board member | 28/12/2008 | 20/03/2015 |
| Johan Blach Petersen | Chair of the board | 19/09/2011 | 19/03/2015 |
| Jakob Steen Jensen | Board member | 19/09/2011 | 29/08/2012 |
| Martin Rambusch | CEO | 03/04/2012 | 19/03/2015 |
| Steen Halbye | Board member | 29/08/2012 | 14/05/2013 |
| Claus Kurt Christensen | Board member | 29/08/2012 | 05/12/2013 |
| Ulla Brockenhuus-Schack | Board member | 14/05/2013 | 01/11/2013 |
| Niels Vejrup Carlsen | Board member | 01/11/2013 | 28/02/2016 |
| Johan Blach Petersen | Board member | 20/03/2015 | 28/12/2017 |
| Martin Rambusch | Board member | 20/03/2015 | 15/09/2016 |
| Martin Rambusch | CEO | 20/03/2015 | 15/09/2016 |
| John Pix Westen | Chair of the board | 20/03/2015 | 29/12/2017 |
| Simon Gregory Barrell | Board member | 20/03/2015 | 15/02/2020 |
| Jørgen Korsgaard Jensen | CEO | 15/09/2016 | 18/08/2022 |
| Johan Blach Petersen | Chair of the board | 29/12/2017 | 18/08/2022 |
| Søren Høffer | Board member | 29/12/2017 | 21/12/2020 |
| Michael Christian Torben Serring | Liquidator | 08/09/2022 | 03/11/2022 |
| Johan Blach Petersen | Chair of the board | 03/11/2022 | 25/06/2024 |
| Jørgen Korsgaard Jensen | Director | 03/11/2022 | 05/01/2026 |
| Jørgen Korsgaard Jensen | Board member | 03/11/2022 | 05/01/2026 |
| Søren Karles Belmar | Director | 06/01/2026 | 16/09/2026 |
Signing rule: Virksomheden tegnes af to bestyrelsesmedlemmer i forening, af en direktør og et bestyrelsesmedlem i forening, eller af den samlede bestyrelse.
Address and production units
1 active production unitsBaldersbækvej 24
2635 Ishøj
Ishøj Municipality · Postcode 2635
Other companies at the address (2)
- Anticimex A/SOther cleaning activities
- Solartag ApSResearch and experimental development on natural sciences and engineering
| Production unit | Address | Employees | P number |
|---|---|---|---|
| WINDAR PHOTONICS A/S | Baldersbækvej 24, 1, 2635 Ishøj | 33 | 1015290982 |
Purpose
Selskabets formål er at udvikling og salg af anemometre og dermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
77 registered events82015
42016
42017
02018
02019
22020
12021
132022
32023
32024
32025
72026
20267 changesmanagement 6 · accounts 1
- ManagementSøren Karles Belmar stepped down as director
- AccountsAnnual report for 2025 published
- ManagementAndreas Berg Nielsen appointed ceo
- ManagementSøren Karles Belmar appointed director
- ManagementGavin Maxwell Manson appointed board member
- ManagementJørgen Korsgaard Jensen stepped down as director
- ManagementJørgen Korsgaard Jensen stepped down as board member
20253 changesaccounts 1 · address 1 · industry 1
- AccountsAnnual report for 2024 published
- AddressMoved to Baldersbækvej 24, 1, 2635 Ishøj
- IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)
20243 changesaccounts 1 · management 2
- AccountsAnnual report for 2023 published
- ManagementDavid George Lis appointed chair of the board
- ManagementJohan Blach Petersen stepped down as chair of the board
20233 changesaddress 2 · accounts 1
- AddressMoved to Helgeshøj Alle 16-18, Høje Taastrup, 2630 Taastrup
- AccountsAnnual report for 2022 published
- AddressMoved to Helgeshøj Alle 16-18, Høje Taastrup, 2630 Taastrup
202213 changesaccounts 1 · status 2 · capital 1 · management 7 · ownership 2
- AccountsAnnual report for 2021 published
- StatusStatus changed to active
- CapitalShare capital changed from 9,380,392 DKK to 400,000 DKK
- ManagementJørgen Korsgaard Jensen appointed director
- ManagementPaul Joseph Hodges appointed board member
- ManagementJørgen Korsgaard Jensen appointed board member
- ManagementJohan Blach Petersen appointed chair of the board
- OwnershipWindar Denmark ApS registered as owner (100%)
- OwnershipWindar Photonics Plc is no longer registered as owner
- StatusStatus changed to under compulsory dissolution
- ManagementJohan Blach Petersen stepped down as chair of the board
- ManagementJørgen Korsgaard Jensen stepped down as ceo
- ManagementJørgen Korsgaard Jensen stepped down as board member
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20202 changesmanagement 2
- ManagementSøren Høffer stepped down as board member
- ManagementSimon Gregory Barrell stepped down as board member
20174 changesmanagement 4
- ManagementJohan Blach Petersen appointed chair of the board
- ManagementSøren Høffer appointed board member
- ManagementJohn Pix Westen stepped down as chair of the board
- ManagementJohan Blach Petersen stepped down as board member
20164 changesmanagement 4
- ManagementJørgen Korsgaard Jensen appointed ceo
- ManagementMartin Rambusch stepped down as ceo
- ManagementMartin Rambusch stepped down as board member
- ManagementNiels Vejrup Carlsen stepped down as board member
20158 changesmanagement 8
- ManagementMartin Rambusch appointed ceo
- ManagementJohan Blach Petersen appointed board member
- ManagementMartin Rambusch appointed board member
- ManagementJohn Pix Westen appointed chair of the board
- ManagementSimon Gregory Barrell appointed board member
- ManagementStig Gert Ersgard stepped down as board member
- ManagementMartin Rambusch stepped down as ceo
- ManagementJohan Blach Petersen stepped down as chair of the board
20142 changescapital 1 · ownership 1
- CapitalShare capital changed from 8,863,732 DKK to 9,380,392 DKK
- OwnershipWindar Photonics Plc registered as owner (100%)
20135 changesmanagement 5
- ManagementClaus Kurt Christensen stepped down as board member
- ManagementNiels Vejrup Carlsen appointed board member
- ManagementUlla Brockenhuus-Schack stepped down as board member
- ManagementUlla Brockenhuus-Schack appointed board member
- ManagementSteen Halbye stepped down as board member
20127 changesmanagement 5 · address 1 · capital 1
- ManagementClaus Kurt Christensen appointed board member
- ManagementSteen Halbye appointed board member
- ManagementJakob Steen Jensen stepped down as board member
- AddressMoved to Helgeshøj Alle 16-18, Høje Taastr., 2630 Taastrup
- CapitalShare capital changed from 7,231,079 DKK to 8,863,732 DKK
- ManagementMartin Rambusch appointed ceo
- ManagementJørgen Korsgaard Jensen stepped down as director
20115 changescapital 1 · management 4
- CapitalShare capital changed from 5,014,700 DKK to 7,231,079 DKK
- ManagementJakob Steen Jensen appointed board member
- ManagementJohan Blach Petersen appointed chair of the board
- ManagementHenrik Læsø Sørensen stepped down as board member
- ManagementKim Rishøj Pedersen stepped down as board member
20104 changescapital 3 · industry 1
- CapitalShare capital changed from 3,147,800 DKK to 5,014,700 DKK
- CapitalShare capital changed from 1,524,300 DKK to 3,147,800 DKK
- IndustryIndustry changed to Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721900)
- CapitalShare capital changed from 508,300 DKK to 1,524,300 DKK
20086 changesfounded 1 · management 5
- FoundedRegistered as WINDAR PHOTONICS A/S
- ManagementHenrik Læsø Sørensen appointed board member
- ManagementStig Gert Ersgard appointed board member
- ManagementKim Rishøj Pedersen appointed board member
- ManagementJørgen Korsgaard Jensen appointed board member
- ManagementJørgen Korsgaard Jensen appointed director
Related companies
Same people in management
- Tivoli A/Svia Ulla Brockenhuus-Schack
- Meyers Contract Catering A/Svia Steen Halbye
- Sticks 'n' Sushi A/Svia Steen Halbye
- Muehlhan Wind Service A/Svia Søren Høffer
- Bila A/Svia Johan Blach Petersen
- Trustpilot A/Svia Niels Vejrup Carlsen
Largest in the industry
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Gubra A/SDKK 2.6bn
- Vestas Wind Systems A/SDKK 2.5bn
- Bang & Olufsen A/SDKK 1.4bn
- 3shape A/SDKK 1.3bn
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.