Ztove Nordic ApS

Private limited companyCVR 40262091Odense SActive

Ztove Nordic ApS is a private limited company, based in Odense S, active in retail sale of electrical household appliances, founded in 2019. Equity was negative at the end of 2025 (−DKK 15m). The company made a loss in both 2024 and 2025, most recently DKK 8.4m. With 9 employees, the company is about 3 times larger than the industry median.

PDF report Compare

Key figures · financial year 2025

Gross profit−DKK 6.4m−186.1% vs. 2024

Net profit−DKK 8.4m−134.7% vs. 2024

Equity−DKK 15m−127% vs. 2024

Employees9latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

The loss grew: from DKK 3.6m to DKK 8.4m (2024 → 2025).

Employees

7 fewer employees than a year earlier: 9 (07/2026) against 16 (07/2025).

Management and owners, last 24 months

New in management: Henrik Engel Eichen (chair of the board, 30/06/2025), Niels Jul Jacobsen (board member, 30/06/2025) and Jens Kristian Hansen (board member, 30/06/2025) (+1).

Registrations, last 24 months

01/01/2025: Industry changed to Retail sale of electrical household appliances (475400)

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

EquityNet profit

Financial figures for Ztove Nordic ApS
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	530	277	71	−2,873	−2,249	−6,435	−186.1%
Operating profit (EBIT)	530	277	–	−4,192	−4,635	−9,890	−113.4%
Profit before tax	529	293	96	−4,265	−5,295	−10,844	−104.8%
Net profit	413	229	74	−3,821	−3,578	−8,396	−134.7%
Total assets	682	1,009	840	5,208	10,666	18,662	+75%
Equity	486	714	789	−3,033	−6,610	−15,006	−127%
Liabilities	196	295	51	8,241	17,276	31,940	+84.9%
Cash and cash equivalents	418	408	241	169	282	2,072	+635.7%
Average number of employees	–	–	0	3	8	9	+12.5%

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

Compare with the industry (158 companies)

Gross profitMedian, the industry (158 companies)

Signals from the financial statements

calculated from the 2025 figures

Negative equity
Equity was −DKK 15m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 3 years in a row
Net result has been negative in 2023–2025.
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

Annual reports for Ztove Nordic ApS
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	23/06/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	28/05/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	03/07/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	10/05/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	18/05/2021	The company	PDF XBRL

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

Employees

Position in the industry

158 companies in the database

Comparison with the other companies in retail sale of electrical household appliances based on the latest financial year.

Gross profit−DKK 6.4mNo. 158 of 158

Better than 0% of the companies in the industry

Equity−DKK 15mNo. 158 of 158

Better than 0% of the companies in the industry

Number of employees9No. 19 of 158

Better than 89% of the companies in the industry

Industry median: gross profit DKK 2.3m, net profit DKK 277k, equity DKK 1.3m, 3 employees.

Distribution of gross profit for 152 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
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 69,580of 69,742 Better than 0%	No. 69,721of 69,964 Better than 0%
Same industry and fewer than 20 employees150 companies in the comparison	No. 150of 150 Better than 0%	No. 150of 150 Better than 0%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 33,459of 33,588 Better than 0%	No. 33,461of 33,687 Better than 1%
All companies of type ApS66,508 companies in the comparison	No. 66,232of 66,379 Better than 0%	No. 66,261of 66,505 Better than 0%

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 electrical household appliances

Gross profit

Ztove Nordic ApS−DKK 6.4m
Elgiganten A/SDKK 764.4m
Power A/SDKK 430.6m

Net profit

Ztove Nordic ApS−DKK 8.4m
Elgiganten A/SDKK 67.6m
Power A/SDKK 47.7m

Equity

Ztove Nordic ApS−DKK 15m
Elgiganten A/SDKK 479.5m
Power A/SDKK 384.3m

Employees

Ztove Nordic ApS9
Elgiganten A/S2,181
Power A/S1,117

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

Ztove ApS100%

Ztove Nordic ApS

Management

5 active registrations

Executive management

Executive management at Ztove Nordic ApS
Name	Role	Appointed
Charlotte Hybschmann Jacobsen	CEO	22/11/2022

Board of directors

Board of directors at Ztove Nordic ApS
Name	Role	Appointed
Henrik Engel Eichen	Chair of the board	30/06/2025
Niels Jul Jacobsen	Board member	30/06/2025
Jens Kristian Hansen	Board member	30/06/2025
Jens Mølby Romme	Board member	30/06/2025

Founders: Ztove ApS

Former management (1)

Former management at Ztove Nordic ApS
Name	Role	Appointed	Resigned
Peter Aagaard Favrholdt	Director	15/02/2019	22/11/2022

Signing rule: Selskabet tegnes af én direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Landbrugsvej 10
5260 Odense S

Odense Municipality · Postcode 5260

Other companies at the address (1)

Ztove ApSManufacture of electric domestic appliances

Production units
Production unit	Address	Industry	Employees	P number
Ztove Nordic ApS	Landbrugsvej 10, Hjallese, 5260 Odense S	Retail sale of electrical household appliances	10	1024410788

Purpose

Selskabets formål er at drive virksomhed med salg af elektroniske husholdningsapparater og hermed forbundet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

17 registered events

42019

02020

12021

32022

12023

12024

62025

12026

20261 changeaccounts 1

26/06AccountsAnnual report for 2025 published

20256 changesmanagement 4 · accounts 1 · industry 1

30/06ManagementHenrik Engel Eichen appointed chair of the board
30/06ManagementNiels Jul Jacobsen appointed board member
30/06ManagementJens Kristian Hansen appointed board member
30/06ManagementJens Mølby Romme appointed board member
23/06AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Retail sale of electrical household appliances (475400)

20241 changeaccounts 1

28/05AccountsAnnual report for 2023 published

20231 changeaccounts 1

03/07AccountsAnnual report for 2022 published

20223 changesmanagement 2 · accounts 1

22/11ManagementCharlotte Hybschmann Jacobsen appointed ceo
22/11ManagementPeter Aagaard Favrholdt stepped down as director
10/05AccountsAnnual report for 2021 published

20211 changeaccounts 1

18/05AccountsAnnual report for 2020 published

20194 changesaddress 1 · founded 1 · management 1 · ownership 1

02/03AddressMoved to Landbrugsvej 10, Hjallese, 5260 Odense S
15/02FoundedRegistered as Ztove Nordic ApS
15/02ManagementPeter Aagaard Favrholdt appointed director
15/02OwnershipZtove ApS registered as owner (100%)

Related companies

Same industry in Odense

Bjerg Iversen A/S22 employees
Hvidevare Butikken Odense ApS12 employees
Kyndbøl Symaskiner ApS3 employees
Frank-Toyota Østerbro ApS2 employees

See all →

Same people in management

Semler Mobility Retail A/Svia Henrik Engel Eichen
Teradyne Robotics A/Svia Niels Jul Jacobsen
Andersen Biler A/Svia Henrik Engel Eichen
Anzet A/Svia Jens Mølby Romme
Ayvens Danmark A/Svia Henrik Engel Eichen
Mobility Service Danmark A/Svia Henrik Engel Eichen

Largest in the industry

See all →

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.

View in CVR Report a correction