Veks I/S

I/SActive

CVR 69330428Fabriksparken 58A, 2600 GlostrupSteam and air conditioning supply· NACE 3530Est. 1982 · 44 years old164 employees

Overview

Veks I/S is a Danish I/S based in Glostrup, operating in the Steam and air conditioning supply sector. Incorporated in 1982, the company has 164 employees and reported revenue of DKK 1.8bn in its latest annual filing.

Revenue 2025

1.8B DKK

+11% vs 2024

EBITDA margin

5.1 %

−28% vs 2024

Net profit 2025

0B DKK

-38% vs 2024

Key ratios

See full ratios →

1.6 %

Weak

Among the 30% lowest rated companies in the industry

20242025

0.5×

Weak

Among the 40% lowest rated companies in the industry

20242025

1.6 %

Strong

Among the 40% highest rated companies in the industry

20242025

EBITDA — year on year

DKK millions

Key figures

Annual report 2025

Revenue	1.8B DKK	+11%
EBITDA	0.1B DKK	-28%
Net profit	0B DKK	-38%
Total assets	3B DKK	-1%
Equity	0B DKK	-51%
Employees	164	—

Contact

Address

Fabriksparken 58A, 2600 Glostrup

Phone

+45 4366 0366

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Financial development

In its most recent annual report (2025), Veks I/S reported revenue of DKK 1.8bn, an increase of 11% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of DKK 47.7m, and the EBITDA margin stood at 5.1%.

At the end of 2025, equity financed 1.6% of the balance sheet, and current assets covered short-term debt 0.5 times.

Financials

Revenue

DKK millions

EBITDA

DKK millions

Income statement

DKK thousands

Item	2025	2024
Revenue	1,819,618	1,633,566
Staff expenses	—	-0
EBITDA	91,911	126,788
Depreciation & amort.	—	-0
EBIT	91,911	126,788
Net financials	-44,171	-49,961
Profit before tax	47,740	76,827
Tax	—	-0
Net profit	47,740	76,827

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Balance sheet

DKK thousands

Item	2025	2024
Total assets	2,951,936	2,977,074
Equity	45,970	94,691
Long-term debt	1,925,756	2,026,692
Short-term debt	977,897	853,362
Total debt	2,903,653	2,880,055

Financial ratios

5-year trend

EBITDA margin

5.1 %

20242025

Equity ratio

1.6 %

Weak

Among the 30% lowest rated companies in the industry

20242025

Return on equity

103.9 %

Very strong

Among the 10% highest rated companies in the industry

20242025

Net profit margin

2.6 %

Average

Around the average of companies in the same industry

20242025

Asset turnover

0.62×

Strong

Among the 30% highest rated companies in the industry

20242025

Debt / equity

63.21×

Very weak

Among the 10% lowest rated companies in the industry

20242025

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 40% lowest 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 marginAverage

Around the average of companies in the same 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)Very strong

Among the 10% 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)Very strong

Among the 10% 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 ratioAverage

Around the average of companies in the same 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 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 weak

Among the 10% 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 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 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 30% 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 ratioWeak

Among the 30% lowest 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 equityVery weak

Among the 10% 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 equityVery weak

Among the 10% 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 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 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 turnoverStrong

Among the 30% highest rated companies in the 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 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 equityVery weak

Among the 20% 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.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
LB Lotte Bøjer Management	Management	2026
JA Jens Adam Elbæk Management	Management	2025

Former (3)


MS Morten Stobbe Management	Management	2017 – 2025
TS Trine Sannem Mønsted Management	Management	2023 – 2026
LG Lars Gullev Management	Management	2017 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
LB Lotte Bøjer Board of Directors	Board of Directors	2026
JA Jens Adam Elbæk Board of Directors	Board of Directors	2025

Former (3)


MS Morten Stobbe Board of Directors	Board of Directors	2017 – 2025
TS Trine Sannem Mønsted Board of Directors	Board of Directors	2023 – 2026
LG Lars Gullev Board of Directors	Board of Directors	2017 – 2022

Shareholders

Active legal owners

No shareholder data available.

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

No registered parent or subsidiaries

Board network connections

Board members of Veks I/S also hold positions in 3 other companies.

Person	Role here	Other companies
Morten Stobbe	Management	2 companies
Lars Gullev	Management	1 company

Frequently asked questions

What is the CVR number of Veks I/S?

Veks I/S is registered with CVR / Virk under CVR 69330428.

What is the revenue of Veks I/S?

Veks I/S reported revenue of DKK 1.8bn in 2025.

How many employees does Veks I/S have?

Veks I/S employs 164 people as of the latest annual report.

Where is Veks I/S headquartered?

Veks I/S's registered address is Fabriksparken 58A.