Riskpilot← Back to searchSign inGet full accessKELSEN GROUP A/S
A/SActiveCVR 27703666Bredgade 27Manufacture of rusks, biscuits, preserved pastries and cakes · NACE 1072Est. 2004293 employees
Revenue 2025
DKK 957M
+13% vs 2024
EBITDA margin
-6.8%
-22% vs 2024
Equity ratio
7.2%
Financial strength
Net profit 2025
DKK -69,7M
+50% vs 2024
| Revenue | DKK 957M | +13% |
| EBITDA | DKK -65,2M | -22% |
| Net profit | DKK -69,7M | +50% |
| Total assets | DKK 721,7M | +1% |
| Equity | DKK 52M | -58% |
| Employees | 293 | — |
Legal name
KELSEN GROUP A/S
CVR number
27703666
Legal form
Aktieselskab
NACE code
1072 · Manufacture of rusks, biscuits, preserved pastries and cakes
Founded
22. april 2004
Share capital
DKK 127.000.000
Employees
293 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-08-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden i forening med et medlem af bestyrelsen, af
bestyrelsesformanden i forening med en direktør eller af den samlede bestyrelse i
forening.
Company purpose
Selskabets formål er direkte eller gennem datterselskaber eller associerede selskaber at udøve virksomhed med udvikling, produktion og handel samt al anden virksomhed, som efter bestyrelsens skøn er beslægtet hermed.
Address
Bredgade 27
Phone
+4572110110
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 255.832 | 1.006.093 | 986.020 | 1.015.363 | 943.169 | 956.983 | 529.065 | 769.500 | 821.014 | 847.406 | 957.042 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -156.547 | -169.923 | -170.685 |
| EBITDA | 20.450 | 173.532 | 208.369 | 112.776 | 72.269 | 17.539 | -435 | -32.286 | -134.763 | -53.427 | -65.214 |
| Depreciation & amort. | -18.747 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| EBIT | 1.703 | 173.532 | 208.369 | 112.776 | 72.269 | 17.539 | -435 | -32.286 | -134.763 | -53.427 | -65.214 |
| Net financials | 25.798 | -5.258 | 68.544 | -1.136 | -834 | 181 | 374 | -1.981 | -9.833 | -146.698 | -18.663 |
| Profit before tax | 27.501 | 168.274 | 276.913 | 111.640 | 71.435 | 17.720 | -61 | -34.267 | -144.596 | -138.411 | -83.877 |
| Tax | 4.811 | 38.137 | 46.035 | 25.690 | 16.913 | 12.972 | 1.133 | -6.360 | -12.547 | -81 | -14.181 |
| Net profit | 22.690 | 130.137 | 230.878 | 85.950 | 54.522 | 4.748 | -1.194 | -27.907 | -132.049 | -138.330 | -69.696 |
| Item | 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 681.427 | 964.780 | 714.257 | 763.436 | 729.467 | 923.565 | 717.105 | 797.458 | 781.382 | 717.078 | 721.729 |
| Equity | 254.013 | 350.529 | 444.415 | 511.342 | 567.016 | 660.586 | 490.245 | 358.294 | 257.705 | 124.122 | 51.957 |
| Long-term debt | 38.268 | 0 | 0 | 0 | 0 | 0 | 5.042 | 5.042 | 0 | 0 | 0 |
| Short-term debt | 398.826 | 603.108 | 252.267 | 237.499 | 145.282 | 250.139 | 203.309 | 430.448 | 523.677 | 592.956 | 669.772 |
| Total debt | 417.960 | 603.108 | 252.267 | 237.499 | 145.282 | 250.139 | 208.351 | 435.490 | 523.677 | 592.956 | 669.772 |
EBITDA margin
-6.8%
This company
15.8%
Market median
-143% vs market
20132025
Equity ratio
7.2%
This company
38.2%
Market median
-81% vs market
20132025
Return on equity
-134.1%
This company
18.4%
Market median
-829% vs market
20132025
Net profit margin
-7.3%
This company
8.1%
Market median
-190% vs market
20132025
Asset turnover
1.33×
This company
1.12×
Market median
+19% vs market
20132025
Debt / equity
12.89×
This company
0.62×
Market median
-1979% vs market
20132025
- Annual report 2025Filed via CVR / Virk · Period 2024-09-01 – 2025-08-31
- Annual report 2024Filed via CVR / Virk · Period 2023-09-01 – 2024-08-31
- Annual report 2023Filed via CVR / Virk · Period 2022-09-01 – 2023-08-31
- Annual report 2022Filed via CVR / Virk · Period 2021-09-01 – 2022-08-31
- Annual report 2021Filed via CVR / Virk · Period 2020-09-01 – 2021-08-31
- Annual report 2020Filed via CVR / Virk · Period 2019-08-01 – 2020-08-31
- Annual report 2019Filed via CVR / Virk · Period 2018-08-01 – 2019-07-31
- Annual report 2018Filed via CVR / Virk · Period 2017-08-01 – 2018-07-31
- Annual report 2017Filed via CVR / Virk · Period 2016-08-01 – 2017-07-31
- Annual report 2016Filed via CVR / Virk · Period 2015-08-01 – 2016-07-31
- Annual report 2013Filed via CVR / Virk · Period 2013-01-01 – 2013-07-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
EH Management | Management | 2009 | — | — |
MW Chief Executive Officer | Chief Executive Officer | 2020 | — | — |
Fd Management | Management | 2014 | — | — |
BR Chief Executive Officer | Chief Executive Officer | 2006 | — | — |
KJ Management | Management | 2017 | — | — |
LS Management | Management | 2004 | — | — |
HM | Deputy | 2026 | — | — |
TE Management | Management | 2007 | — | — |
DN Deputy | Deputy | 2013 | — | — |
AM Chief Executive Officer | Chief Executive Officer | 2023 | — | — |
MH Deputy | Deputy | 2013 | — | — |
LJ Deputy | Deputy | 2008 | — | — |
IS Management | Management | 2008 | — | — |
BH Deputy | Deputy | 2008 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Deputy Chairman | 2005 | — | — | |
| Board of Directors | 2026 | — | — | |
| Chairman | 2005 | — | — | |
| Board of Directors | 2011 | — | — | |
| Board of Directors | 2019 | — | — | |
| Board of Directors | 2005 | — | — | |
| Board of Directors | 2004 | — | — | |
| Board of Directors | 2022 | — | — | |
| Chairman | 2013 | — | — | |
| Board of Directors | 2013 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2017 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2013 | — | — | |
| Board of Directors | 2026 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2013 | — | — | |
| Deputy Chairman | 2007 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2020 | — | — | |
| Chairman | 2007 | — | — | |
| Board of Directors | 2014 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2005 | — | — | |
| Board of Directors | 2007 | — | — | |
| Board of Directors | 2007 | — | — | |
| Chairman | 2019 | — | — | |
| Board of Directors | 2017 | — | — | |
| Board of Directors | 2009 | — | — | |
| Board of Directors | 2004 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 100.0% | 100.0% | 2020 | |
| Individual | 100.0% | 100.0% | 2013 | |
| Individual | 100.0% | 100.0% | 2019 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of KELSEN GROUP A/S also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Høj | Management | 0 companies |
| Mads Waagepetersen | Chief Executive Officer | 0 companies |
| Fernando di Gaetano | Management | 0 companies |
| Brian Rønsholdt | Chief Executive Officer | 0 companies |
| Kevin James Rush | Management | 0 companies |
| Leif Stig Bergvall Hansen | Management | 0 companies |
| Henrik Mølgaard Christensen | Deputy | 0 companies |
| Terkel Esben Laursen | Management | 0 companies |
| Daniel Nick Hayden | Deputy | 0 companies |
| Anders Micael Höglund | Chief Executive Officer | 0 companies |
| Marie Holm Jakobsen | Deputy | 0 companies |
| Lars Jensen | Deputy | 0 companies |
| Ivan Snogdal Thyregod | Management | 0 companies |
| Britt Hausted Schmidt | Deputy | 0 companies |
| Flemming Skov Jensen | Deputy Chairman | 0 companies |
| Lars Ebbesen | Board of Directors | 0 companies |
| Flemming Ammentorp Østergaard | Chairman | 0 companies |
| Karsten Ørnfeldt Svensson | Board of Directors | 0 companies |
| Andrea Racca | Board of Directors | 0 companies |
| Steen Thy Jensen | Board of Directors | 0 companies |
| Ole Bonde Larsen | Board of Directors | 0 companies |
| Giorgio Gagnor | Board of Directors | 0 companies |
| Luca Mignini | Chairman | 0 companies |
| Karl Kristian Andersen Husballe | Board of Directors | 0 companies |
| Alberto Cavalleris | Board of Directors | 0 companies |
| Claus Hjorth Christensen | Board of Directors | 0 companies |
| Birgitte Morell | Board of Directors | 0 companies |
| Andrew Ridler | Board of Directors | 0 companies |
| Jørn Olsen | Board of Directors | 0 companies |
| Inge Hostrup | Board of Directors | 0 companies |
| Richard Landers | Board of Directors | 0 companies |
| Carsten Birk Nielsen | Deputy Chairman | 0 companies |
| Peter Lund | Board of Directors | 0 companies |
| Trine Valther Føns | Board of Directors | 0 companies |
| Keld Askær Sørensen | Chairman | 0 companies |
| Thomas Russell Smith | Board of Directors | 0 companies |
| Hans Christian Korsgård Madsen | Board of Directors | 0 companies |
| Berit Gita Neigaard | Board of Directors | 0 companies |
| Henrik Broksø Thulesen | Board of Directors | 0 companies |
| Lars Rabe Tønnesen | Board of Directors | 0 companies |
| Anette Larsen | Board of Directors | 0 companies |
| Christophe Pierre Manfred Neumann | Chairman | 0 companies |
| Sonja Lund Jensen | Board of Directors | 0 companies |
| Gudmund Tyge Korsgaard | Board of Directors | 0 companies |
| Orla Topholt | Board of Directors | 0 companies |