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GLASTECH COMPOSITE ApS
APS
Active
CVR 31853311
Søndre Havnekaj 19
Repair and maintenance of civilian ships and boats · NACE 3315
Est. 2008
7 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
DKK 3,1M
-32% vs 2024
EBITDA margin
27.5%
-54% vs 2024
Equity ratio
37.5%
Financial strength
Net profit 2025
DKK 625K
-58% vs 2024
EBITDA — year on year
DKK millions
5M
3M
0M
-3M
-5M
-4M
2021
4M
+200%
2022
0M
-100%
2023
2M
+200%
2024
1M
-50%
2025
Key figures
Annual report 2025
Revenue
DKK 3,1M
-32%
EBITDA
DKK 860K
-54%
Net profit
DKK 625K
-58%
Total assets
DKK 10,8M
-1%
Equity
DKK 4M
+18%
Employees
7
—
Company information
Legal name
GLASTECH COMPOSITE ApS
CVR number
31853311
Legal form
Anpartsselskab
NACE code
3315 · Repair and maintenance of civilian ships and boats
Founded
18. november 2008
Share capital
DKK 125.000
Employees
7 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-03-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør.
Company purpose
Selskabets formål er produktion samt anden hermed forbundet virksomhed.
Contact
Address
Søndre Havnekaj 19
Phone
+4529292324
Email
info@glastech.dk
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Companies in Repair and maintenance of civilian ships and boats
Companies in Kerteminde
All Denmark companies
Revenue
DKK millions
0M
3M
7M
10M
14M
6M
2021
12M
2022
5M
2023
5M
2024
3M
2025
EBITDA
DKK millions
0M
1M
2M
3M
5M
-4M
2021
4M
2022
0M
2023
2M
2024
1M
2025
Income statement
DKK thousands
Item
2021
2022
2023
2024
2025
Revenue
5.777
11.572
5.004
4.596
3.123
Staff expenses
-9.712
-7.669
-5.098
-2.742
-2.263
EBITDA
-3.935
3.903
-94
1.854
860
Depreciation & amort.
-339
-184
-74
-36
-14
EBIT
-4.275
3.719
-168
1.818
847
Net financials
44
64
-168
32
-50
Profit before tax
-4.231
3.783
-336
1.850
797
Tax
-820
840
-101
374
172
Net profit
-3.411
2.943
-235
1.475
625
Balance sheet
DKK thousands
Item
2021
2022
2023
2024
2025
Total assets
10.757
12.687
10.814
10.853
10.761
Equity
-771
2.172
1.937
3.412
4.037
Long-term debt
2.696
2.973
3.387
3.361
3.947
Short-term debt
8.832
7.542
5.490
4.079
2.777
Total debt
11.529
10.515
8.877
7.441
6.724
Financial ratios
5-year trend
EBITDA margin
27.5%
This company
15.8%
Market median
+74% vs market
2021
2025
Equity ratio
37.5%
This company
38.2%
Market median
+2% vs market
2021
2025
Return on equity
15.5%
This company
18.4%
Market median
+16% vs market
2021
2025
Net profit margin
20.0%
This company
8.1%
Market median
+147% vs market
2021
2025
Asset turnover
0.29×
This company
1.12×
Market median
-74% vs market
2021
2025
Debt / equity
1.67×
This company
0.62×
Market median
-169% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via CVR / Virk · Period 2024-04-01 – 2025-03-31
View
PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-04-01 – 2024-03-31
View
PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-04-01 – 2023-03-31
View
PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-04-01 – 2022-03-31
View
PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-04-01 – 2021-03-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
HM
Henrik Mortensen
Management
Management
2008
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
GLASTECH HOLDING ApS
Company
50–66.65%
50–66.65%
2015
H2 Holding Odense ApS
Company
33.33–49.99%
33.33–49.99%
2015
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
H2 Holding Odense ApS
GLASTECH COMPOSITE ApS
(this company)
Glastech Industries ApS
VISION MAST ApS
Board network connections
Board members of GLASTECH COMPOSITE ApS also hold positions in
0
other companies.
Person
Role here
Other companies
Henrik Mortensen
Management
0 companies