Fenagy A/S
A/SActiveAdvertising protectionCVR 41457341Rokhøj 7, 8520 LystrupManufacture of ovens, furnaces and permanent household heating equipment· NACE 2821Est. 2020 · 6 years old109 employeeshttps://www.fenagy.com
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Overview
Fenagy A/S is a Danish A/S based in Lystrup, operating in the Manufacture of ovens, furnaces and permanent household heating equipment sector. Incorporated in 2020, the company has 109 employees and reported revenue of DKK 344.6m in its latest annual filing.
Revenue 2025
344.6M DKK
+13% vs 2024
EBITDA margin
15.8 %
+40% vs 2024
Net profit 2025
39.2M DKK
+51% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
48.9 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.2×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
23.5 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 344.6M DKK | +13% |
| EBITDA | 54.4M DKK | +40% |
| Net profit | 39.2M DKK | +51% |
| Total assets | 166.5M DKK | +15% |
| Equity | 81.4M DKK | +31% |
| Employees | 109 | — |
Company information
Legal name
FENAGY A/S
CVR number
41457341
Legal form
Aktieselskab
Founded
22 June 2020 · 6 years
Share capital
DKK 674,000
Employees
109 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden i forening med selskabets direktør, af
selskabets direktør i forening med et bestyrelsesmedlem eller af den samlede
bestyrelse.
Company purpose
Selskabets formål er at drive virksomhed med udvikling, design, fremstilling og salg af el-drevne varmepumper og termiske anlæg samt efter bestyrelsens vurdering hermed forbundet virksomhed
(no translation available)
Contact
Address
Rokhøj 7, 8520 Lystrup
Phone
+45 3115 1861
Website
https://www.fenagy.com
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), Fenagy A/S reported revenue of DKK 344.6m, an increase of 13% 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 39.2m, and the EBITDA margin stood at 15.8%.
At the end of 2025, equity financed 48.9% of the balance sheet, and current assets covered short-term debt 2.2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 344,555 | 304,169 | 219,976 | 104,218 | 30,389 |
| Staff expenses | -62,090 | -48,404 | -33,577 | -22,592 | -10,593 |
| EBITDA | 54,417 | 38,739 | 22,403 | 4,846 | -1,866 |
| Depreciation & amort. | -4,364 | -4,933 | -3,643 | -1,934 | -485 |
| EBIT | 50,053 | 33,806 | 18,759 | 2,912 | -2,351 |
| Net financials | 141 | -487 | -1,059 | -264 | -114 |
| Profit before tax | 50,194 | 33,319 | 17,700 | 2,649 | -2,465 |
| Tax | 11,043 | 7,330 | 3,894 | 583 | -956 |
| Net profit | 39,152 | 25,989 | 13,806 | 2,066 | -1,509 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 166,543 | 145,219 | 118,007 | 64,021 | 26,274 |
| Equity | 81,408 | 62,236 | 36,248 | 22,442 | 20,376 |
| Long-term debt | 1,108 | 1,018 | 610 | 0 | 1,499 |
| Short-term debt | 72,796 | 66,832 | 72,442 | 38,707 | 4,399 |
| Total debt | 73,904 | 67,850 | 73,053 | 38,707 | 5,898 |
Financial ratios
5-year trendEBITDA margin
15.8 %
20212025
Equity ratio
48.9 %
AverageAround the average of companies in the same industry
20212025
Return on equity
48.1 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Net profit margin
11.4 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
2.07×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
1.05×
AverageAround the average of companies in the same 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 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 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)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)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)Very strong
Among the 20% 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 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 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 30% 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 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 40% 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 capitalStrong
Among the 40% highest 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 ratioStrong
Among the 40% highest 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 ratioStrong
Among the 40% 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 equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% 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 coverageVery strong
Among the 20% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest rated companies in the 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 turnoverVery strong
Among the 20% 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 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 equityVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% 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 2020-07-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KG Management | Management | 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
NP Board of Directors | Board of Directors | 2021 |
KG Board of Directors | Board of Directors | 2020 |
KN Board of Directors | Board of Directors | 2020 |
PO Chairman | Chairman | 2020 |
LJ Board of Directors | Board of Directors | 2024 |
Former (4)
JS Board of Directors | Board of Directors | 2020 – 2021 |
SA Board of Directors | Board of Directors | 2020 – 2024 |
AS Board of Directors | Board of Directors | 2020 – 2020 |
MH Board of Directors | Board of Directors | 2020 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 50–66.65% | 50–66.65% | 2021 | |
| Company | 33.33–49.99% | 33.33–49.99% | 2021 | |
| Company | 5–9.99% | 5–9.99% | 2021 | |
| Company | 5–9.99% | 5–9.99% | 2021 |
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
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Fenagy A/S Board network connections
Board members of Fenagy A/S also hold positions in 22 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kim Gardø Christensen | Management | 8 companiesMany roles |
| Klaus Nørgaard | Board of Directors | 4 companies |
| Lars Jonas Steen | Board of Directors | 4 companies |
| Anne Sophie Christensen | Board of Directors | 2 companies |
| Mads Holst Nielsen | Board of Directors | 2 companies |
| Jacob Skaarup Nielsen | Board of Directors | 1 company |
| Simon Andrej Karlin | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Fenagy A/S?
Fenagy A/S is registered with CVR / Virk under CVR 41457341.
What is the revenue of Fenagy A/S?
Fenagy A/S reported revenue of DKK 344.6m in 2025.
How many employees does Fenagy A/S have?
Fenagy A/S employs 109 people as of the latest annual report.
Who is the chairman of Fenagy A/S?
Per Olaf Göran Bertland chairs the board of Fenagy A/S.
Where is Fenagy A/S headquartered?
Fenagy A/S's registered address is Rokhøj 7.