Kamstrup A/S
A/SActiveCVR 21248118Industrivej 28, 8660 SkanderborgManufacture of instruments and appliances for measuring, testing and navigation· NACE 2651Est. 1931 · 95 years old1,226 employees
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Overview
Kamstrup A/S is a Danish A/S based in Skanderborg, operating in the Manufacture of instruments and appliances for measuring, testing and navigation sector. Incorporated in 1931, the company has 1,226 employees and reported revenue of DKK 2.6bn in its latest annual filing.
Revenue 2025
2.6B DKK
+18% vs 2024
EBITDA margin
19.7 %
+307% vs 2024
Net profit 2025
0.5B DKK
+163% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
69.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.0×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
22.1 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 2.6B DKK | +18% |
| EBITDA | 0.5B DKK | +307% |
| Net profit | 0.5B DKK | +163% |
| Total assets | 2.3B DKK | +8% |
| Equity | 1.6B DKK | +5% |
| Employees | 1,226 | — |
Company information
Legal name
KAMSTRUP A/S
CVR number
21248118
Legal form
Aktieselskab
Founded
28 August 1931 · 95 years
Share capital
DKK 14,000,000
Employees
1,226 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Virksomheden tegnes af en direktør i forening med bestyrelsesformanden eller af en direktør i forening med næstformanden eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at drive virksomhed med fabrikation og handel
(no translation available)
Address
Industrivej 28, 8660 Skanderborg
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Financial development
In its most recent annual report (2025), Kamstrup A/S reported revenue of DKK 2.6bn, an increase of 18% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 503.3m, and the EBITDA margin stood at 19.7%.
At the end of 2025, equity financed 69.6% of the balance sheet, and current assets covered short-term debt 2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,565,329 | 2,180,228 | 2,987,542 | 2,232,324 | 1,745,197 |
| Staff expenses | — | -906,132 | -916,595 | -791,605 | -0 |
| EBITDA | 505,155 | 124,141 | 465,858 | 217,078 | 149,876 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 505,155 | 124,141 | 465,858 | 217,078 | 149,876 |
| Net financials | 109,137 | 91,686 | 34,849 | 78,254 | 42,815 |
| Profit before tax | 614,292 | 215,827 | 503,842 | 295,332 | 192,691 |
| Tax | 110,955 | 24,107 | 100,960 | 57,099 | 9,170 |
| Net profit | 503,337 | 191,720 | 402,882 | 238,233 | 183,522 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 2,274,721 | 2,110,019 | 2,394,609 | 2,076,056 | 1,831,812 |
| Equity | 1,583,621 | 1,501,483 | 1,396,770 | 1,098,338 | 1,007,348 |
| Long-term debt | — | 0 | 0 | 23,382 | 27,070 |
| Short-term debt | 526,922 | 440,370 | 1,649,754 | 1,430,848 | 1,115,942 |
| Total debt | 526,922 | 440,370 | 824,877 | 738,806 | 585,041 |
Financial ratios
5-year trendEBITDA margin
19.7 %
20212025
Equity ratio
69.6 %
StrongAmong the 30% highest rated companies in the industry
20212025
Return on equity
31.8 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
19.6 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
1.13×
AverageAround the average of companies in the same industry
20212025
Debt / equity
0.44×
StrongAmong the 30% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest rated companies in the 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 marginVery strong
Among the 20% 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 marginVery strong
Among the 20% 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)Very strong
Among the 20% 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 30% 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 30% 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 40% 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 equityVery strong
Among the 20% highest 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.
Cash conversion ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioStrong
Among the 30% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery strong
Among the 20% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 30% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% 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 turnoverAverage
Around the average of companies in the same 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 capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SO Chief Executive Officer | Chief Executive Officer | 2024 |
SJ Deputy | Deputy | 2024 |
AB Management | Management | 2026 |
Former (22)
OV Deputy | Deputy | 2008 – 2012 |
Md Deputy | Deputy | 2020 – 2024 |
BH Deputy | Deputy | 2012 – 2016 |
PE Management | Management | 1931 – 2007 |
OB Management | Management | 1931 – 1987 |
LL Deputy | Deputy | 2024 – 2024 |
VH Deputy | Deputy | 2020 – 2025 |
SM Deputy | Deputy | 2016 – 2024 |
RK Deputy | Deputy | 2024 – 2024 |
TG Deputy | Deputy | 1931 – 1994 |
MB Deputy | Deputy | 2012 – 2016 |
KB Deputy | Deputy | 2004 – 2006 |
LB Management | Management | 1931 – 1991 |
HJ Deputy | Deputy | 1999 – 2004 |
JB Deputy | Deputy | 2008 – 2012 |
CS Deputy | Deputy | 1931 – 1999 |
ES Deputy | Deputy | 1931 – 1999 |
KH Chief Executive Officer | Chief Executive Officer | 2018 – 2023 |
FM Deputy | Deputy | 2016 – 2020 |
KO Management | Management | 1931 – 1992 |
PE Chief Executive Officer | Chief Executive Officer | 2007 – 2018 |
HR Management | Management | 2016 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (9) | ||
AB Board of Directors | Board of Directors | 2016 |
FM Board of Directors | Board of Directors | 2025 |
ML Chairman | Chairman | 2023 |
JS Board of Directors | Board of Directors | 2024 |
TM Board of Directors | Board of Directors | 2024 |
HC Board of Directors | Board of Directors | 2019 |
TH Board of Directors | Board of Directors | 2012 |
MM Board of Directors | Board of Directors | 2025 |
JG Board of Directors | Board of Directors | 2024 |
Former (31)
JE Deputy Chairman | Deputy Chairman | 2006 – 2008 |
PH Chairman | Chairman | 1931 – 1995 |
OB Board of Directors | Board of Directors | 1931 – 1989 |
JD Chairman | Chairman | 2006 – 2023 |
MP Chairman | Chairman | 1931 – 2006 |
TS Board of Directors | Board of Directors | 2023 – 2025 |
TB Board of Directors | Board of Directors | 2014 – 2017 |
VM Board of Directors | Board of Directors | 1931 – 2004 |
NJ Board of Directors | Board of Directors | 2001 – 2005 |
LP Board of Directors | Board of Directors | 1931 – 1994 |
LB Board of Directors | Board of Directors | 1931 – 1990 |
PT Board of Directors | Board of Directors | 2005 – 2006 |
AS Board of Directors | Board of Directors | 1931 – 1990 |
HD Board of Directors | Board of Directors | 1931 – 1990 |
EV Board of Directors | Board of Directors | 1931 – 1994 |
SU Board of Directors | Board of Directors | 2004 – 2008 |
JL Board of Directors | Board of Directors | 2020 – 2024 |
KA Board of Directors | Board of Directors | 1931 – 2012 |
TM Board of Directors | Board of Directors | 2012 – 2016 |
IM Deputy Chairman | Deputy Chairman | 1931 – 1987 |
VC Board of Directors | Board of Directors | 1931 – 1994 |
HP Chairman | Chairman | 1931 – 1987 |
LC Board of Directors | Board of Directors | 2008 – 2012 |
EF Board of Directors | Board of Directors | 1931 – 1990 |
TJ Board of Directors | Board of Directors | 1931 – 1992 |
EL Board of Directors | Board of Directors | 2017 – 2024 |
DK Board of Directors | Board of Directors | 2008 – 2024 |
PG Board of Directors | Board of Directors | 1931 – 1994 |
JP Board of Directors | Board of Directors | 2006 – 2012 |
EB Board of Directors | Board of Directors | 1931 – 2001 |
PK Board of Directors | Board of Directors | 1931 – 1993 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2000 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Company hierarchy
Ok A.m.b.a.
Kamstrup A/S Board network connections
Board members of Kamstrup A/S also hold positions in 132 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kim Harding Wellendorph Lehmann | Chief Executive Officer | 17 companiesMany roles |
| Per Eslund Asmussen | Chief Executive Officer | 13 companiesMany roles |
| Jørgen Dencker Wisborg | Chairman | 13 companiesMany roles |
| Michael Lindhart Løve | Chairman | 13 companiesMany roles |
| Torben Bruno Pedersen | Board of Directors | 11 companiesMany roles |
| Hung Chung Humphrey Lau | Board of Directors | 10 companiesMany roles |
| Erik Larsen | Board of Directors | 9 companiesMany roles |
| Morten Mosegaard Christensen | Board of Directors | 7 companiesMany roles |
| Thor Skov Jørgensen | Board of Directors | 6 companiesMany roles |
| Søren Okholm Kvorning | Chief Executive Officer | 5 companies |
| Flemming Møller Rasmussen | Board of Directors | 4 companies |
| Henrik Rom | Management | 3 companies |
| Per Thyregod Sørensen | Board of Directors | 3 companies |
| Ricki Korsholm | Deputy | 2 companies |
| Anders Skallebæk | Board of Directors | 2 companies |
| Henning Ditlev Rasmussen | Board of Directors | 2 companies |
| Dan Korsgaard | Board of Directors | 2 companies |
| Poul Erik Schou-Pedersen | Management | 1 company |
| Louisa Lindholm Glad | Deputy | 1 company |
| Simone Monika Svendsen | Deputy | 1 company |
| Anders Borresen Moos | Management | 1 company |
| Erling Staal | Deputy | 1 company |
| Palle Holst | Chairman | 1 company |
| Anja Borg | Board of Directors | 1 company |
| Janne Stecher Jakobsen | Board of Directors | 1 company |
| Erik Flink | Board of Directors | 1 company |
| Poul Gunner Hviid | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Kamstrup A/S?
Kamstrup A/S is registered with CVR / Virk under CVR 21248118.
What is the revenue of Kamstrup A/S?
Kamstrup A/S reported revenue of DKK 2.6bn in 2025.
How many employees does Kamstrup A/S have?
Kamstrup A/S employs 1226 people as of the latest annual report.
Who is the CEO of Kamstrup A/S?
Søren Okholm Kvorning is the CEO of Kamstrup A/S, in role since 2024.
Who is the chairman of Kamstrup A/S?
Michael Lindhart Løve chairs the board of Kamstrup A/S, in role since 2023.
Where is Kamstrup A/S headquartered?
Kamstrup A/S's registered address is Industrivej 28.