Vindtestcenter Kappel A/S
A/SActiveAdvertising protectionCVR 35034757Københavnsvej 79A, 4000 RoskildeProduction of electricity from renewable sources· NACE 3512Est. 2013 · 13 years old— employees
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Overview
Vindtestcenter Kappel A/S is a Danish A/S based in Roskilde, operating in the Production of electricity from renewable sources sector. Incorporated in 2013, the company reported revenue of DKK 5.7m in its latest annual filing.
Revenue 2025
5.7M DKK
+2% vs 2024
EBITDA margin
47.8 %
+15% vs 2024
Net profit 2025
1.2M DKK
+36% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
17.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.7×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
3.7 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 5.7M DKK | +2% |
| EBITDA | 2.7M DKK | +15% |
| Net profit | 1.2M DKK | +36% |
| Total assets | 33.9M DKK | -5% |
| Equity | 5.9M DKK | -17% |
| Employees | — | — |
Company information
Legal name
VINDTESTCENTER KAPPEL A/S
CVR number
35034757
Legal form
Aktieselskab
NACE code
Founded
29 January 2013 · 13 years
Share capital
DKK 510,001
Employees
—
VAT registered
Yes
Audit selected
Yes
Last report
2025-09-30
Financial year
January – December
Signatory rights
Selskabet tegnes af to af selskabets direktører, af en af selskabets direktører sammen med et bestyrelsesmedlem eller af to bestyrelsesmedlemmer.
Company purpose
Selskabets formål er direkte eller gennem kapitalandele i andre selskaber tilknyttet energibranchen, at udvikle, finansiere, drive og sælge vedvarende energi, herunder med mulighed for at udføre test og forsøg.
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Contact
Address
Københavnsvej 79A, 4000 Roskilde
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), Vindtestcenter Kappel A/S reported revenue of DKK 5.7m, an increase of 2% 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 1.2m, and the EBITDA margin stood at 47.8%.
At the end of 2025, equity financed 17.5% of the balance sheet, and current assets covered short-term debt 2.7 times.
Financials
Revenue
DKK thousandsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5,748 | 5,610 | 8,999 | 8,717 | 5,438 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 2,747 | 2,397 | 5,866 | 6,142 | 2,937 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 2,747 | 2,397 | 5,866 | 6,142 | 2,937 |
| Net financials | -1,146 | -1,213 | -522 | -1,959 | -1,305 |
| Profit before tax | 1,601 | 1,184 | 5,344 | 4,183 | 1,632 |
| Tax | 353 | 266 | 976 | 1,100 | 374 |
| Net profit | 1,249 | 918 | 4,368 | 3,084 | 1,258 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 33,910 | 35,612 | 40,295 | 42,092 | 40,676 |
| Equity | 5,920 | 7,112 | 8,565 | 7,702 | 4,381 |
| Long-term debt | 21,931 | 22,908 | 23,746 | 25,556 | 28,828 |
| Short-term debt | 2,069 | 1,634 | 4,120 | 5,093 | 4,162 |
| Total debt | 24,000 | 24,541 | 27,867 | 30,649 | 32,990 |
Financial ratios
5-year trendEBITDA margin
47.8 %
20212025
Equity ratio
17.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
21.1 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Net profit margin
21.7 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
0.17×
AverageAround the average of companies in the same industry
20212025
Debt / equity
4.73×
WeakAmong the 30% lowest 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 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)Very strong
Among the 20% 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 30% 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)Very strong
Among the 20% 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 10% 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 ratioStrong
Among the 40% highest 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 ratioStrong
Among the 40% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same 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 capitalWeak
Among the 40% 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 ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest 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 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 debtStrong
Among the 30% 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 debtWeak
Among the 30% 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.
Equity to contributed capitalVery strong
Among the 20% 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 equityWeak
Among the 30% lowest 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.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2024-10-01 – 2025-09-30
- Annual report 2024Filed via CVR / Virk · Period 2023-10-01 – 2024-09-30
- Annual report 2023Filed via CVR / Virk · Period 2022-10-01 – 2023-09-30
- Annual report 2022Filed via CVR / Virk · Period 2021-10-01 – 2022-09-30
- Annual report 2021Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RS Management | Management | 2025 |
Former (5)
IS Management | Management | 2017 – 2019 |
JZ Management | Management | 2013 – 2017 |
MM Management | Management | 2019 – 2025 |
KM Management | Management | 2019 – 2025 |
FW Management | Management | 2019 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
CH Chairman | Chairman | 2024 |
FM Board of Directors | Board of Directors | 2024 |
RS Board of Directors | Board of Directors | 2025 |
Former (8)
IS Board of Directors | Board of Directors | 2017 – 2019 |
JZ Board of Directors | Board of Directors | 2013 – 2017 |
AN Board of Directors | Board of Directors | 2013 – 2017 |
DM Board of Directors | Board of Directors | 2017 – 2017 |
BG Board of Directors | Board of Directors | 2017 – 2024 |
KM Board of Directors | Board of Directors | 2019 – 2025 |
AW Chairman | Chairman | 2017 – 2024 |
KE Chairman | Chairman | 2013 – 2017 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 100% | 100% | 2017 | |
ACM Projects GmbH | Company | 100% | 100% | 2017 |
| Company | 66.67–89.99% | 66.67–89.99% | 2014 | |
| Company | 25–33.32% | 25–33.32% | 2014 | |
| Company | 25–33.32% | 25–33.32% | 2016 | |
| Company | 100% | 100% | 2016 | |
Albatros Projects Germany I GmbH | Company | 100% | 100% | 2017 |
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
ACM Projects GmbH100%Albatros Projects Germany I GmbH100%
Vindtestcenter Kappel A/S (this company)Board network connections
Board members of Vindtestcenter Kappel A/S also hold positions in 513 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Knud Erik Andersen | Chairman | 232 companiesMany roles |
| Jens-Peter Zink | Management | 126 companiesMany roles |
| Rasmus Sielemann Christensen | Management | 100 companiesMany roles |
| Andreas Niels von Rosen | Board of Directors | 42 companiesMany roles |
| Kim Madsen | Management | 12 companiesMany roles |
| Andrew Wojtek | Chairman | 1 company |
Frequently asked questions
What is the CVR number of Vindtestcenter Kappel A/S?
Vindtestcenter Kappel A/S is registered with CVR / Virk under CVR 35034757.
What is the revenue of Vindtestcenter Kappel A/S?
Vindtestcenter Kappel A/S reported revenue of DKK 5.7m in 2025.
Who is the chairman of Vindtestcenter Kappel A/S?
Christian Heidfeld chairs the board of Vindtestcenter Kappel A/S, in role since 2024.
Where is Vindtestcenter Kappel A/S headquartered?
Vindtestcenter Kappel A/S's registered address is Københavnsvej 79A.