Denver A/S
A/SActiveCVR 18831678Omega 5A, 8382 HinnerupWholesale of electrical household appliances· NACE 4643Est. 1995 · 31 years old40 employees
Loading company…
Overview
Denver A/S is a Danish A/S based in Hinnerup, operating in the Wholesale of electrical household appliances sector. Incorporated in 1995, the company has 40 employees and reported revenue of DKK 331.8m in its latest annual filing.
Revenue 2026
331.8M DKK
+798% vs 2025
EBITDA margin
5.4 %
+35% vs 2025
Net profit 2026
19.5M DKK
+1813% vs 2025
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
29.6 %
AverageAround the average of companies in the same industry
20222026
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20222026
Return on assets (ROA)Net profit ÷ Total assets × 100
8.6 %
StrongAmong the 40% highest rated companies in the industry
20222026
EBITDA — year on year
DKK millionsKey figures
Annual report 2026| Revenue | 331.8M DKK | +798% |
| EBITDA | 17.8M DKK | +35% |
| Net profit | 19.5M DKK | +1813% |
| Total assets | 227.3M DKK | +5% |
| Equity | 67.4M DKK | +19% |
| Employees | 40 | — |
Company information
Legal name
Denver A/S
CVR number
18831678
Legal form
Aktieselskab
NACE code
Founded
13 September 1995 · 31 years
Share capital
DKK 10,000,000
Employees
40 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2026-03-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør i forening med 1 bestyrelsesmedlem, af 2 bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at drive virksomhed med handel med elektronikvarer i ind- og udland og hermed beslægtede produkter.
(no translation available)
Contact
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2026), Denver A/S reported revenue of DKK 331.8m, an increase of 798% on the year before. The figures on this page draw on 5 annual filings covering 2022 to 2026. The bottom line showed a net profit of DKK 19.5m, and the EBITDA margin stood at 5.4%.
At the end of 2026, equity financed 29.6% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 331,834 | 36,971 | 22,599 | 315,446 | 412,238 |
| Staff expenses | -23,469 | -23,805 | -23,889 | -26,005 | -27,370 |
| EBITDA | 17,782 | 13,166 | -1,290 | 6,549 | 25,740 |
| Depreciation & amort. | -120 | -111 | -111 | -87 | -338 |
| EBIT | 17,662 | 13,055 | -1,401 | 6,462 | 25,402 |
| Net financials | 170 | -12,905 | 1,948 | 1,648 | 12,121 |
| Profit before tax | 17,832 | 150 | 547 | 8,110 | 37,523 |
| Tax | -1,676 | 1,289 | -1,804 | -86 | 4,746 |
| Net profit | 19,508 | -1,139 | 2,351 | 8,196 | 32,777 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
DKK thousands| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | 227,292 | 215,988 | 208,104 | 233,989 | 291,824 |
| Equity | 67,362 | 56,786 | 60,236 | 71,957 | 89,966 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 150,792 | 154,147 | 143,545 | 158,523 | 197,358 |
| Total debt | 150,792 | 154,147 | 143,545 | 158,523 | 197,358 |
Financial ratios
5-year trendEBITDA margin
5.4 %
20222026
Equity ratio
29.6 %
AverageAround the average of companies in the same industry
20222026
Return on equity
29.0 %
StrongAmong the 30% highest rated companies in the industry
20222026
Net profit margin
5.9 %
StrongAmong the 30% highest rated companies in the industry
20222026
Asset turnover
1.46×
AverageAround the average of companies in the same industry
20222026
Debt / equity
2.37×
WeakAmong the 30% lowest rated companies in the industry
20222026
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginStrong
Among the 30% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 30% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 20% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 40% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 20% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2026Filed via CVR / Virk · Period 2025-04-01 – 2026-03-31
- Annual report 2025Filed via CVR / Virk · Period 2024-04-01 – 2025-03-31
- Annual report 2024Filed via CVR / Virk · Period 2023-04-01 – 2024-03-31
- Annual report 2023Filed via CVR / Virk · Period 2022-04-01 – 2023-03-31
- Annual report 2022Filed via CVR / Virk · Period 2021-04-01 – 2022-03-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
TB Management | Management | 2021 |
HK Founder | Founder | 1995 |
Former (3)
WR Management | Management | 2017 – 2018 |
TU Management | Management | 2020 – 2021 |
AB Chief Executive Officer | Chief Executive Officer | 2017 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
CU Board of Directors | Board of Directors | 2009 |
TU Board of Directors | Board of Directors | 1996 |
JG Chairman | Chairman | 2015 |
Former (8)
LB Board of Directors | Board of Directors | 2001 – 2006 |
JD Board of Directors | Board of Directors | 2009 – 2024 |
CE Board of Directors | Board of Directors | 1995 – 1996 |
HS Chairman | Chairman | 1996 – 2015 |
HC Board of Directors | Board of Directors | 2005 – 2009 |
DD Board of Directors | Board of Directors | 2006 – 2009 |
HK Board of Directors | Board of Directors | 1995 – 2024 |
EJ Board of Directors | Board of Directors | 1999 – 2005 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 | |
| Company | 50–66.65% | 50–66.65% | 2004 | |
| Company | 50–66.65% | 50–66.65% | 2016 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
TU HOLDING ApS
Denver A/S Board network connections
Board members of Denver A/S also hold positions in 325 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Carl Erik Skovgaard | Board of Directors | 97 companiesMany roles |
| Henrik Steen Jensen | Chairman | 91 companiesMany roles |
| Erik Jensen | Board of Directors | 70 companiesMany roles |
| Lars Bentsen | Board of Directors | 35 companiesMany roles |
| Jesper Ganzhorn Ørskov | Chairman | 11 companiesMany roles |
| Henrik Kristensen | Founder | 6 companiesMany roles |
| Torben Ulrich | Management | 4 companies |
| Jette Dahl Trans Kristensen | Board of Directors | 4 companies |
| Torben Balmer | Management | 3 companies |
| Alfred Blank | Chief Executive Officer | 2 companies |
| Winnie Rodam | Management | 1 company |
| Camilla Ulrich | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Denver A/S?
Denver A/S is registered with CVR / Virk under CVR 18831678.
What is the revenue of Denver A/S?
Denver A/S reported revenue of DKK 331.8m in 2026.
How many employees does Denver A/S have?
Denver A/S employs 40 people as of the latest annual report.
Who is the chairman of Denver A/S?
Jesper Ganzhorn Ørskov chairs the board of Denver A/S, in role since 2015.
Where is Denver A/S headquartered?
Denver A/S's registered address is Omega 5A.