Dhi A/S
A/SActiveCVR 36466871Agern Alle 5, 2970 HørsholmResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2014 · 11 years old345 employees
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Overview
Dhi A/S is a Danish A/S based in Hørsholm, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2014, the company has 345 employees and reported revenue of DKK 65.4m in its latest annual filing.
Revenue 2025
65.4M DKK
−10% vs 2024
EBITDA margin
1.7 %
−39% vs 2024
Net profit 2025
2M DKK
-17% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
55.2 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.4×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
2.3 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 65.4M DKK | -10% |
| EBITDA | 1.1M DKK | -39% |
| Net profit | 2M DKK | -17% |
| Total assets | 88.8M DKK | +2% |
| Equity | 49M DKK | +1% |
| Employees | 345 | — |
Company information
Legal name
DHI A/S
CVR number
36466871
Legal form
Aktieselskab
Founded
16 December 2014 · 11 years
Share capital
DKK 10,000,000
Employees
345 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af den samlede bestyrelse eller af bestyrelsens formand i forening med to bestyrelsesmedlemmer, af en næstformand i forening med to bestyrelsesmedlemmer, af bestyrelsens formand i forening med en direktør eller af en næstformand i forening med en direktør eller af to medlemmer af Direktionen i forening.
Company purpose
Selskabets formål er at fremme teknologisk udvikling og kompetence i Danmark inden for områderne vandbygning og offshoreteknologi, oceanografi og havmiljø, vandressourcer, akvatisk økologi, miljøkemi, sundhed og miljø, vand i industri og bymiljø samt hermed beslægtede områder - med henblik på at styrke erhvervslivets og det øvrige samfunds muligheder for at skabe udvikling og velfærd i Danmark og i udlandet på teknisk, økonomisk og miljømæssig optimal vis. Dette formål søges opnået ved, at selskabet selv eller gennem datterselskaber eller gennem udlodninger til DHI: 1. udvikler kompetence til udførelse af avanceret tekno¬lo¬gisk service inden for selskabets fagområder og udfører en sådan service på forretningsmæssige vilkår for offentlige og private klienter i Danmark og i ud¬landet 2. udvikler teknologi, såvel software som hardware, inden for selskabets arbejdsområder og udbyder sådan teknologi på forretningsmæssige vilkår til kunder i Danmark og i udlandet 3. driver den for den tilsigtede kompetenceopbygning og teknologiudvikling relevante forsknings- og udvik-lingsvirksomhed, herunder deltager i gennemførelsen af europæiske og internationale F&U programmer 4. etablerer sådanne nationale og internationale samarbejdsrelationer, som kan fremme selskabets formål og er forenelige med selskabets uafhængighed og almennyttige karakter 5. formidler resultater af forskning og teknologiske serviceaktiviteter ved publikation blandt andet i internationale tidsskrifter og ved konferencer 6. medvirker ved og forestår uddannelsesaktiviteter inden for selskabets arbejdsområder 7. sikrer faglig og økonomisk uafhængighed af særinteresser og eksterne parter. 8. anvender økonomiske resultater til at videreudvikle viden og selskabets og gennem udlodninger DHIs virksomhed.
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Address
Agern Alle 5, 2970 Hørsholm
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Financial development
In its most recent annual report (2025), Dhi A/S reported revenue of DKK 65.4m, a decrease of 10% 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 2.0m, and the EBITDA margin stood at 1.7%.
At the end of 2025, equity financed 55.2% of the balance sheet, and current assets covered short-term debt 1.4 times. Dhi A/S is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 65,400 | 72,400 | 64,700 | 53,200 | 54,689 |
| Staff expenses | -41,600 | -42,200 | -38,000 | -33,600 | -32,327 |
| EBITDA | 1,100 | 1,800 | 1,500 | -3,400 | -2,363 |
| Depreciation & amort. | -1,600 | -1,600 | -1,500 | -1,300 | -1,535 |
| EBIT | -500 | 200 | 0 | -4,700 | -3,898 |
| Net financials | 2,500 | 2,900 | -900 | 3,400 | 3,752 |
| Profit before tax | 2,000 | 3,100 | -900 | -1,300 | -146 |
| Tax | -0 | 700 | -200 | -200 | -378 |
| Net profit | 2,000 | 2,400 | -700 | -1,100 | 232 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 88,800 | 86,900 | 81,300 | 78,300 | 74,060 |
| Equity | 49,000 | 48,300 | 45,900 | 47,600 | 48,933 |
| Long-term debt | 1,800 | 1,400 | 1,500 | 900 | 1,009 |
| Short-term debt | 38,000 | 37,200 | 33,900 | 29,800 | 24,118 |
| Total debt | 39,800 | 38,600 | 35,400 | 30,700 | 25,127 |
Financial ratios
5-year trendEBITDA margin
1.7 %
20212025
Equity ratio
55.2 %
AverageAround the average of companies in the same industry
20212025
Return on equity
4.1 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Net profit margin
3.1 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
0.74×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
0.81×
WeakAmong the 40% lowest rated companies in the industry
20212025
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 marginWeak
Among the 40% lowest 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 marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 40% lowest 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)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% lowest 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)Weak
Among the 40% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 40% lowest 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 40% 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 equityStrong
Among the 40% 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.
Fixed assets to long-term capitalWeak
Among the 30% 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 40% 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 40% 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 debtAverage
Around the average of companies in the same 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 coverageWeak
Among the 40% lowest 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 marginAverage
Around the average of companies in the same 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 10% lowest 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 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 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 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 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) | ||
KT Management | Management | 2024 |
ME Founder | Founder | 2014 |
BG Chief Executive Officer | Chief Executive Officer | 2026 |
Former (3)
AS Chief Executive Officer | Chief Executive Officer | 2018 – 2020 |
JH Chief Executive Officer | Chief Executive Officer | 2014 – 2018 |
MV Chief Executive Officer | Chief Executive Officer | 2020 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
TN Board of Directors | Board of Directors | 2024 |
TF Deputy Chairman | Deputy Chairman | 2024 |
BN Board of Directors | Board of Directors | 2021 |
SG Board of Directors | Board of Directors | 2023 |
TG Chairman | Chairman | 2026 |
AC Board of Directors | Board of Directors | 2025 |
GT Board of Directors | Board of Directors | 2020 |
Former (13)
RE Board of Directors | Board of Directors | 2024 – 2025 |
AR Deputy Chairman | Deputy Chairman | 2016 – 2018 |
PR Deputy Chairman | Deputy Chairman | 2014 – 2016 |
NH Board of Directors | Board of Directors | 2018 – 2020 |
LR Board of Directors | Board of Directors | 2018 – 2020 |
ME Board of Directors | Board of Directors | 2014 – 2018 |
HR Board of Directors | Board of Directors | 2018 – 2023 |
MR Board of Directors | Board of Directors | 2018 – 2025 |
AS Chairman | Chairman | 2014 – 2018 |
JB Chairman | Chairman | 2018 – 2026 |
MV Deputy Chairman | Deputy Chairman | 2018 – 2020 |
MS Deputy Chairman | Deputy Chairman | 2020 – 2024 |
HB Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2018 | |
| Company | 100% | 100% | 2014 |
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
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Related companies
Company hierarchy
DHI Fonden
Dhi A/S Board network connections
Board members of Dhi A/S also hold positions in 97 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Michael Rosenvold | Board of Directors | 33 companiesMany roles |
| Merete Søby | Deputy Chairman | 16 companiesMany roles |
| Birgitte Nauntofte | Board of Directors | 7 companiesMany roles |
| Mikkel Esbjerg | Founder | 6 companiesMany roles |
| Sonu Gurpreet Singh Banga | Board of Directors | 6 companiesMany roles |
| Kenneth Treu Barrett | Management | 5 companies |
| Tove Feld | Deputy Chairman | 4 companies |
| Rasmus Eskerod Borgstrøm | Board of Directors | 3 companies |
| Arne Rasmussen | Deputy Chairman | 3 companies |
| Niels Henrik Eisum | Board of Directors | 3 companies |
| Thomas Günther Schmidt | Chairman | 3 companies |
| Jakob Bo Thomasen | Chairman | 3 companies |
| Mette Vestergaard Jakobsen | Chief Executive Officer | 2 companies |
| Thue Nøhr Geil | Board of Directors | 1 company |
| Helle Rootzén | Board of Directors | 1 company |
| Anders Christian Erichsen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Dhi A/S?
Dhi A/S is registered with CVR / Virk under CVR 36466871.
What is the revenue of Dhi A/S?
Dhi A/S reported revenue of DKK 65.4m in 2025.
How many employees does Dhi A/S have?
Dhi A/S employs 345 people as of the latest annual report.
Who is the CEO of Dhi A/S?
Birgit Guhse is the CEO of Dhi A/S, in role since 2026.
Who is the chairman of Dhi A/S?
Thomas Günther Schmidt chairs the board of Dhi A/S, in role since 2026.
Where is Dhi A/S headquartered?
Dhi A/S's registered address is Agern Alle 5.