Riskpilot← Back to searchSign inGet full accessCOTES A/S
A/SActiveCVR 15200332Bjørnholms Allé 20, 1.Manufacture of non-domestic air conditioning equipment · NACE 2825Est. 199134 employeeshttps://www.cotes.com
Revenue 2025
DKK 53,3M
+33% vs 2024
EBITDA margin
43.8%
+748% vs 2024
Equity ratio
56.4%
Financial strength
Net profit 2025
DKK 18,2M
+1054% vs 2024
| Revenue | DKK 53,3M | +33% |
| EBITDA | DKK 23,4M | +748% |
| Net profit | DKK 18,2M | +1054% |
| Total assets | DKK 74,5M | -14% |
| Equity | DKK 42M | +77% |
| Employees | 34 | — |
Legal name
COTES A/S
CVR number
15200332
Legal form
Aktieselskab
NACE code
2825 · Manufacture of non-domestic air conditioning equipment
Founded
1. juni 1991
Share capital
DKK 1.180.555
Employees
34 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet kan tegnes af direktøren i forening med et medlem af bestyrelsen, eller af den samlede bestyrelse i forening.
Company purpose
Selskabets formål er produktion og handel
Address
Bjørnholms Allé 20, 1.
Phone
+4558196322
Email
info@cotes.com
Website
https://www.cotes.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.757 | 13.393 | 13.770 | 14.251 | 19.490 | 30.120 | 29.596 | 30.054 | 36.009 | 32.956 | 31.956 | 45.415 | 39.970 | 53.275 |
| Staff expenses | -8.179 | -10.788 | -11.701 | -12.773 | -13.252 | -16.893 | -25.176 | -24.626 | -25.008 | -24.292 | -29.676 | -35.234 | -37.217 | -29.909 |
| EBITDA | -422 | 2.596 | 2.069 | 1.478 | 6.237 | 13.226 | 4.420 | 5.428 | 11.001 | 8.654 | 2.280 | 10.181 | 2.753 | 23.351 |
| Depreciation & amort. | -306 | -321 | -728 | -468 | -3.572 | -2.383 | -1.847 | -2.462 | -956 | -611 | -353 | -875 | -1.969 | -2.159 |
| EBIT | -728 | 2.275 | 1.341 | 1.010 | 2.665 | 10.843 | 2.574 | 2.965 | 10.045 | 8.043 | 1.927 | 9.306 | 784 | 21.192 |
| Net financials | -608 | -424 | -253 | -243 | -185 | -302 | -312 | -487 | -136 | -196 | 1.405 | -1.362 | -3.297 | 1.233 |
| Profit before tax | -700 | 1.851 | 1.088 | 768 | 2.481 | 10.541 | 2.262 | 2.478 | 9.909 | 7.847 | 3.332 | 7.944 | -2.513 | 22.425 |
| Tax | 318 | 454 | 211 | 104 | 729 | 2.310 | 523 | 574 | 2.179 | 1.832 | 512 | 1.991 | -607 | 4.242 |
| Net profit | -1.018 | 1.397 | 877 | 664 | 1.751 | 8.231 | 1.739 | 1.905 | 7.730 | 6.014 | 2.820 | 5.953 | -1.905 | 18.183 |
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 22.908 | 24.109 | 27.430 | 31.224 | 31.850 | 37.955 | 30.177 | 30.902 | 49.922 | 47.959 | 73.036 | 115.114 | 86.831 | 74.481 |
| Equity | 5.738 | 8.634 | 9.512 | 10.176 | 11.795 | 19.150 | 14.889 | 7.894 | 14.332 | 16.515 | 19.733 | 25.686 | 23.781 | 42.033 |
| Long-term debt | 3.935 | 3.576 | 3.213 | 3.046 | 2.885 | 0 | 0 | 7.292 | 7.870 | 9.244 | 6.096 | 4.929 | 3.567 | 2.491 |
| Short-term debt | 13.235 | 11.715 | 13.926 | 16.775 | 15.692 | 17.757 | 14.330 | 14.981 | 27.297 | 21.817 | 46.311 | 83.201 | 58.686 | 29.917 |
| Total debt | 17.170 | 15.291 | 17.139 | 19.821 | 18.576 | 17.757 | 14.330 | 22.274 | 35.168 | 31.061 | 52.407 | 88.129 | 62.254 | 32.408 |
EBITDA margin
43.8%
This company
15.8%
Market median
+177% vs market
20122025
Equity ratio
56.4%
This company
38.2%
Market median
+48% vs market
20122025
Return on equity
43.3%
This company
18.4%
Market median
+135% vs market
20122025
Net profit margin
34.1%
This company
8.1%
Market median
+321% vs market
20122025
Asset turnover
0.72×
This company
1.12×
Market median
-36% vs market
20122025
Debt / equity
0.77×
This company
0.62×
Market median
+24% vs market
20122025
- 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
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
ET | Audit | 1991 | — | — |
PH Audit | Audit | 1991 | — | — |
HS Management | Management | 2017 | — | — |
MB Chief Executive Officer | Chief Executive Officer | 2021 | — | — |
SR Management | Management | 1991 | — | — |
TR Chief Executive Officer | Chief Executive Officer | 2009 | — | — |
PE Management | Management | 1991 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2020 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 1991 | — | — | |
| Chairman | 1991 | — | — | |
| Chairman | 2018 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 1991 | — | — | |
| Board of Directors | 1991 | — | — | |
| Chairman | 2016 | — | — | |
| Chairman | 2024 | — | — | |
| Board of Directors | 1991 | — | — | |
| Board of Directors | 2011 | — | — | |
| Board of Directors | 2024 | — | — | |
| Chairman | 1991 | — | — | |
| Board of Directors | 1991 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
SRO Cotes ApS | Company | 50.0% | 50.0% | 2019 |
TRO HOLDING ApS | Company | 33.3% | 33.3% | 2010 |
FONDEN SPRING NORDIC | Company | 20.0% | 20.0% | 2011 |
SRO HOLDING ApS | Company | 33.3% | 33.3% | 2010 |
COTES A/S | Company | 10.0% | 10.0% | 2019 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
TRO HOLDING ApS
COTES A/S Board members of COTES A/S also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Tronborg Andersen | Audit | 0 companies |
| Peter Hertz | Audit | 0 companies |
| Henning Spendrup Meyer | Management | 0 companies |
| Martin Brøchner-Mortensen | Chief Executive Officer | 0 companies |
| Søren Rønnow Olesen | Management | 0 companies |
| Thomas Rønnow | Chief Executive Officer | 0 companies |
| Per Emil Hasselbalch Stakemann | Management | 0 companies |
| Flemming Poulfelt | Chairman | 0 companies |
| Christina Aabo | Board of Directors | 0 companies |
| Ulf Svejgaard Poulsen | Board of Directors | 0 companies |
| Bruno Månsson | Chairman | 0 companies |
| Torben Melchior Hansen | Chairman | 0 companies |
| Michael Ærø Olsen | Board of Directors | 0 companies |
| Johannes Gerhardus Antonius Mollink | Board of Directors | 0 companies |
| Laust Carsten Munkholm Sørensen | Board of Directors | 0 companies |
| Peter Johansen Viereck | Chairman | 0 companies |
| Axel Manøe Jepsen | Chairman | 0 companies |
| Hendrik Eric Bonvanie | Board of Directors | 0 companies |
| Finn Mogensen | Board of Directors | 0 companies |
| Christian Egemose Agger | Board of Directors | 0 companies |
| Susanne Saul Stakemann | Chairman | 0 companies |
| Hans Christian Galst | Board of Directors | 0 companies |