XPower Trading A/S
Public limited companyCVR 44098822HellerupActive
XPower Trading A/S is a public limited company, based in Hellerup, active in wholesale of solid, liquid and gaseous fuels and related products, founded in 2023. Net profit fell 81% from 2024 to 2025, ending at DKK 109k. 8 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 36% (2024 → 2025), to DKK 877k.
- Net profit fell 81% (2024 → 2025), to DKK 109k.
- Equity rose 10% (2024 → 2025), to DKK 1.2m.
Management and owners, last 24 months
- New in management: Morten Vesth (board member, 05/01/2026).
- Stepped down: Kim Holberg Pihl (board member, 05/01/2026), Kristian Fulling Nissen (director, 30/07/2025) and Kevin Bergenser (board member, 03/12/2025).
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 2023–2025 · amounts in DKK thousandEquity and net profit
| 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | – |
| Gross profit | 144 | 1,373 | 877 | −36.1% |
| Operating profit (EBIT) | 90 | 842 | 211 | −74.9% |
| Profit before tax | 96 | 720 | 140 | −80.6% |
| Net profit | 75 | 561 | 109 | −80.6% |
| Total assets | 5,701 | 8,579 | 7,519 | −12.4% |
| Equity | 575 | 1,136 | 1,245 | +9.6% |
| Liabilities | 5,126 | 7,443 | 6,274 | −15.7% |
| Cash and cash equivalents | 533 | 682 | 165 | −75.9% |
| Average number of employees | 1 | 3 | 4 | +33.3% |
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 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
Annual reports
3 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 28/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 02/07/2025 | The company | PDFXBRL |
| 2023 | 06/06/2023 – 31/12/2023 | 03/07/2024 | 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
102 companies in the databaseComparison with the other companies in wholesale of solid, liquid and gaseous fuels and related products based on the latest financial year.
Industry median: gross profit DKK 5.1m, net profit DKK 599k, equity DKK 3.5m, 6 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. 47,041of 69,742 Better than 33% | No. 30,718of 69,964 Better than 56% |
| Same industry and fewer than 20 employees83 companies in the comparison | No. 62of 83 Better than 26% | No. 53of 83 Better than 37% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 9,789of 16,614 Better than 41% | No. 3,385of 16,661 Better than 80% |
| All companies of type A/S18,025 companies in the comparison | No. 15,767of 17,786 Better than 11% | No. 15,576of 18,024 Better than 14% |
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 solid, liquid and gaseous fuels and related products- XPower Trading A/SDKK 877k
- Ok A.m.b.a.DKK 2.5bn
- Uno-X Mobility Danmark A/SDKK 427.8m
- XPower Trading A/SDKK 109k
- Ok A.m.b.a.DKK 870.9m
- Uno-X Mobility Danmark A/SDKK 141.8m
- XPower Trading A/SDKK 1.2m
- Ok A.m.b.a.DKK 7bn
- Uno-X Mobility Danmark A/SDKK 1bn
- XPower Trading A/S4
- Ok A.m.b.a.1,172
- Uno-X Mobility Danmark A/S117
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterManagement
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Sinan Utlu | Director | 26/06/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Kent Hedegaard | Chair of the board | 06/06/2023 |
| Christian Philip Levin | Board member | 06/06/2023 |
| Morten Vesth | Board member | 05/01/2026 |
- Founders
- Xo Shipping A/S
Former management (4)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Mark Philip Beer | Director | 06/06/2023 | 26/06/2024 |
| Kim Holberg Pihl | Board member | 06/06/2023 | 05/01/2026 |
| Kristian Fulling Nissen | Director | 06/06/2023 | 30/07/2025 |
| Kevin Bergenser | Board member | 26/06/2024 | 03/12/2025 |
Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening, af et bestyrelsesmedlem og en direktør i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsTuborg Havnevej 18
2900 Hellerup
Gentofte Municipality · Postcode 2900
Other companies at the address (8)
- Torm A/SSea and coastal freight water transport
- Simpson Spence Young - Bidsted A/SOther transportation support activities
- Peninsula Petroleum ApSWholesale of solid, liquid and gaseous fuels and related products
- VhAT ApSComputer programming activities
- Penm Partners ApSOther activities auxiliary to financial services, except insurance and pension funding
| Production unit | Address | Employees | P number |
|---|---|---|---|
| XPower Trading A/S | Tuborg Havnevej 18, 2900 Hellerup | 4 | 1029369999 |
Purpose
Selskabets formål er at drive virksomhed med køb og salg af brændstof til shippingbranchen, samt ydelser og produkter, der står i naturlig forbindelse hermed.
The purpose is quoted from the register in Danish.
Changes year by year
17 registered events20263 changesaccounts 1 · management 2
- AccountsAnnual report for 2025 published
- ManagementMorten Vesth appointed board member
- ManagementKim Holberg Pihl stepped down as board member
20253 changesmanagement 2 · accounts 1
- ManagementKevin Bergenser stepped down as board member
- ManagementKristian Fulling Nissen stepped down as director
- AccountsAnnual report for 2024 published
20244 changesaccounts 1 · management 3
- AccountsAnnual report for 2023 published
- ManagementKevin Bergenser appointed board member
- ManagementSinan Utlu appointed director
- ManagementMark Philip Beer stepped down as director
20237 changesfounded 1 · management 5 · ownership 1
- FoundedRegistered as XPower Trading A/S
- ManagementMark Philip Beer appointed director
- ManagementChristian Philip Levin appointed board member
- ManagementKent Hedegaard appointed chair of the board
- ManagementKim Holberg Pihl appointed board member
- ManagementKristian Fulling Nissen appointed director
- OwnershipXO SHIPPING A/S registered as owner (100%)
Related companies
Same people in management
- Aart Architects DK East A/Svia Kent Hedegaard
- Wissenberg A/S Rådgivende Ingeniører F.r.ivia Kent Hedegaard
- Xo Shipping A/Svia Christian Philip Levin
- Arvid Nordquist ApSvia Kent Hedegaard
- Full Entreprise ApSvia Kristian Fulling Nissen
- C A Commodities A/Svia Christian Philip Levin
Largest in the industry
- Ok A.m.b.a.DKK 2.5bn
- Uno-X Mobility Danmark A/SDKK 427.8m
- Kosan Gas A/SDKK 212.4m
- Bigadan Sourcing & Commodities ApSDKK 185.7m
- Bio Recycling ApSDKK 133.3m
- Go'on Gruppen A/SDKK 130m
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.