CVR: 12375344
Secondary names: FRESE ARMATUR A/S, DE Valves Glamsbjerg A/S, District Energy Valves Glamsbjerg A/S
Previous names: A/S PSE 10 NR. 1500, FRESE ARMARTUR A/S, FRESE ARMATUR A/S
DKK 437,639,000
Revenue
Net result: DKK 31,737,000
Vexve Oy
CVR · view ownership and management
Name registered: Vexve A/S
CVR · 04/05/2026
View the full event history
Vexve A/S is a Danish company of the type Aktieselskab based in Slagelse, founded in 1988. The company is registered under the industry Fremstilling af hydraulisk udstyr. The company was previously named FRESE A/S and FRESE ARMATUR A/S. The management consists of Ulrich Gammelgaard and Stig Peter Agneborn. The company is owned by Vexve Oy. The company has 75 employees (2018). In 2025, the company reported revenue of DKK 437,639,000 and a net result of DKK 31,737,000 compared with DKK 35,613,000 the year before. Equity in the 2025 report amounted to DKK 78,815,000.
Source: annual report 2025, Danish Business Authority
FRESE A/S demonstrates a solid financial trajectory with increasing revenues and profits over the past three years. In 2025, the company reported revenue of 437.6 million DKK and a profit of 31.7 million DKK, reflecting a growth trend from 353.6 million DKK in revenue and 16.8 million DKK in profit in 2023. However, equity has significantly decreased from 214.1 million DKK in 2024 to 78.8 million DKK in 2025, raising concerns about financial stability. Despite these challenges, the company maintains a strong position within the hydraulic equipment manufacturing industry, showcasing its ability to generate profits and grow revenue.
AI-generated summary · Generated 08/05/2026
Selskabets formål er at drive handel med og produktion af armaturer samt at drive varmpresseri. Selskabets formål kan udøves dels direkte dels gennem anbringelse af kapital i andre virksomheder samt enhver sådan virksomhed, som står i naturlig forbindelse hermed
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 437.6 mio. | 31.7 mio. | 309.1 mio. | 78.8 mio. | 144 | |
| 202401/01/2024 – 31/12/2024 | 394.7 mio. | 35.6 mio. | 305.1 mio. | 214.1 mio. | 105 | |
| 202301/01/2023 – 31/12/2023 | 353.6 mio. | 16.8 mio. | 272.3 mio. | 189.5 mio. | 84 | |
| 202201/01/2022 – 31/12/2022 | - | 25 mio. | 267.5 mio. | 175.8 mio. | 84 | |
| 202101/01/2021 – 31/12/2021 | - | 29 mio. | 247.9 mio. | 158.2 mio. | 80 | |
| 202001/01/2020 – 31/12/2020 | - | 26.4 mio. | 199.3 mio. | 135.4 mio. | 73 | |
| 201901/01/2019 – 31/12/2019 | - | 21 mio. | 181.3 mio. | 114 mio. | 70 | |
| 201801/01/2018 – 31/12/2018 | - | 22.5 mio. | 166.5 mio. | 93.1 mio. | 68 | |
| 201701/01/2017 – 31/12/2017 | - | 16.4 mio. | 143 mio. | 71.2 mio. | 70 | |
| 201601/01/2016 – 31/12/2016 | - | 12.8 mio. | 126.4 mio. | 59.6 mio. | 68 | |
| 201501/01/2015 – 31/12/2015 | - | 12 mio. | 149.6 mio. | 51.1 mio. | 63 | |
| 201401/01/2014 – 31/12/2014 | - | 4.6 mio. | 130.4 mio. | 38.6 mio. | 58 | |
| 201301/01/2013 – 31/12/2013 | - | 3.5 mio. | 118.7 mio. | 33.9 mio. | 59 |
Compared to 41 companies in Fremstilling af hydraulisk udstyr
Comparison is based on industry median values
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Try company screeningVexve A/S was founded on 1 August 1988.
Vexve A/S is registered under the industry Fremstilling af hydraulisk udstyr (industry code 281200).
Vexve A/S had 75 employees in 2018 according to the Danish CVR register.
Vexve A/S is owned by Vexve Oy.
In 2025, Vexve A/S reported revenue of DKK 437,639,000.
The management of Vexve A/S consists of Ulrich Gammelgaard and Stig Peter Agneborn.
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Contact info changed: new phone: 58560000 (May 13, 2026).
Vexve A/S has published its annual report for 2025. Revenue came to DKK 437,639,000, and the net result was DKK 31,737,000.
On May 4, 2026, the company changed its name from FRESE A/S to Vexve A/S.
As of August 13, 2025, Stig Peter Agneborn has joined the board of directors of Vexve A/S.
As of August 13, 2025, René Barington has left the board of directors of Vexve A/S.
Vexve A/S has published its annual report for 2024. Revenue came to DKK 394,693,000, and the net result was DKK 35,613,000.
As of March 10, 2025, Stig Peter Agneborn is registered as adm. dir. of Vexve A/S.
As of March 10, 2025, René Barington has stepped down as adm. dir. of Vexve A/S.
As of March 9, 2025, Stig Peter Agneborn has stepped down as director of Vexve A/S.
As of January 31, 2025, René Barington has joined the board of directors of Vexve A/S.
As of January 31, 2025, Ulrich Gammelgaard has joined the board of directors of Vexve A/S.
As of January 31, 2025, Paul Thomas Gustavsson has joined the board of directors of Vexve A/S.
As of January 31, 2025, Riiko Johannes Kaurola has joined the board of directors of Vexve A/S.
As of January 31, 2025, Søren Hoelgaard Justesen has left the board of directors of Vexve A/S.
As of January 31, 2025, Tina Sofie Frese has left the board of directors of Vexve A/S.
As of January 31, 2025, Søren Østergaard Sørensen has left the board of directors of Vexve A/S.
As of January 31, 2025, Jørgen Leif Cadovius has left the board of directors of Vexve A/S.
As of January 31, 2025, is registered as an owner of Vexve A/S with an ownership share of 100%.
Vexve A/S has won the tender "EU-udbud (genudbud) vedr. levering af præisolerede ventiler til Kredsløb og Fjernvarme Fyn" issued by Kredsløb A/S worth 53,545,586 DKK.
As of April 1, 2024, Stig Peter Agneborn is registered as director of Vexve A/S.
Vexve A/S has published its annual report for 2023. Revenue came to DKK 353,627,000, and the net result was DKK 16,847,000.
As of March 15, 2024, Nicholas Vinderslev Frese has joined the board of directors of Vexve A/S.
As of March 15, 2024, Nicholas Vinderslev Frese has left the board of directors of Vexve A/S.
As of March 15, 2024, Ulrich Gammelgaard is registered as director of Vexve A/S.
As of March 8, 2024, Morten Prasse has joined the board of directors of Vexve A/S.
As of March 8, 2024, Jette Marie Sørensen has joined the board of directors of Vexve A/S.
As of March 1, 2024, Benny Olsen has left the board of directors of Vexve A/S.
As of March 1, 2024, Jussi Richart Foltmar has left the board of directors of Vexve A/S.
As of May 8, 2023, Lars Rahbek has stepped down as director of Vexve A/S.
Vexve A/S has published its annual report for 2022. Gross profit came to DKK 105,722,000, and the net result was DKK 24,996,000.
Vexve A/S has published its annual report for 2021. Gross profit came to DKK 95,160,000, and the net result was DKK 28,998,000.
As of May 6, 2022, Tina Sofie Frese has joined the board of directors of Vexve A/S.
As of May 6, 2022, Kim Thorsted Frese has left the board of directors of Vexve A/S.
As of May 6, 2022, Lars Rahbek is registered as director of Vexve A/S.
As of May 6, 2022, Tina Sofie Frese has stepped down as director of Vexve A/S.
Vexve A/S has published its annual report for 2020. Gross profit came to DKK 93,281,000, and the net result was DKK 26,426,000.
As of May 6, 2021, Mette Kjær has joined the board of directors of Vexve A/S.
As of May 6, 2021, Jussi Richart Foltmar has joined the board of directors of Vexve A/S.
As of May 6, 2021, Aksel Risager Christensen has left the board of directors of Vexve A/S.
Vexve A/S has published its annual report for 2019. Gross profit came to DKK 84,748,000, and the net result was DKK 21,003,000.
Vexve A/S has published its annual report for 2018. Gross profit came to DKK 80,203,000, and the net result was DKK 22,544,000.
As of December 5, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of Vexve A/S.
As of December 5, 2018, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of Vexve A/S.
Vexve A/S has published its annual report for 2017. Gross profit came to DKK 75,634,000, and the net result was DKK 16,402,000.
As of May 8, 2018, Søren Hoelgaard Justesen has joined the board of directors of Vexve A/S.
As of May 8, 2018, Tina Sofie Frese has left the board of directors of Vexve A/S.
As of May 8, 2018, Tina Sofie Frese is registered as director of Vexve A/S.
As of May 8, 2018, Claus Thorsted Frese has stepped down as director of Vexve A/S.
Vexve A/S has published its annual report for 2016. Gross profit came to DKK 66,240,000, and the net result was DKK 12,830,000.
Vexve A/S has published its annual report for 2015. Gross profit came to DKK 62,900,000, and the net result was DKK 11,970,000.
Vexve A/S has published its annual report for 2014. Gross profit came to DKK 48,920,000, and the net result was DKK 4,603,000.
Vexve A/S has published its annual report for 2013. Gross profit came to DKK 44,947,000, and the net result was DKK 3,546,000.
Vexve A/S has published its annual report for 2012.
As of April 29, 2013, Benny Olsen has joined the board of directors of Vexve A/S.
As of April 29, 2013, Søren Østergaard Sørensen has joined the board of directors of Vexve A/S.
As of April 29, 2013, Jørgen Leif Cadovius has joined the board of directors of Vexve A/S.
As of April 29, 2013, Benny Olsen has left the board of directors of Vexve A/S.
As of April 29, 2013, Gert Suhr Hansen has left the board of directors of Vexve A/S.
As of April 25, 2012, Stephen John Hart has stepped down as director of Vexve A/S.
As of February 1, 2012, René Barington is registered as adm. dir. of Vexve A/S.
As of February 1, 2012, Søren Bilenberg Olsen has stepped down as adm. dir. of Vexve A/S.
As of October 13, 2011, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of Vexve A/S.
As of October 13, 2011, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of Vexve A/S.
As of April 27, 2011, Aksel Risager Christensen has joined the board of directors of Vexve A/S.
As of April 27, 2011, Benny Olsen has joined the board of directors of Vexve A/S.
As of April 27, 2011, Jens Axel Johansen has joined the board of directors of Vexve A/S.
As of April 27, 2011, Ib Erik Finn Poulsen has left the board of directors of Vexve A/S.
As of April 27, 2011, Søs Christensen has left the board of directors of Vexve A/S.
As of November 14, 2008, Tina Sofie Frese has joined the board of directors of Vexve A/S.
As of November 14, 2008, Claus Thorsted Frese has left the board of directors of Vexve A/S.
As of April 24, 2007, Ib Erik Finn Poulsen has joined the board of directors of Vexve A/S.
As of April 24, 2007, Søs Christensen has joined the board of directors of Vexve A/S.
As of April 24, 2007, Aksel Risager Christensen has left the board of directors of Vexve A/S.
As of April 24, 2007, Jesper Friis-Wandall Nielsen has left the board of directors of Vexve A/S.
As of April 24, 2007, Susanne Jensen has left the board of directors of Vexve A/S.
As of September 26, 2006, Søren Bilenberg Olsen is registered as adm. dir. of Vexve A/S.
As of September 26, 2006, Stephen John Hart is registered as director of Vexve A/S.
As of April 6, 2005, Claus Thorsted Frese is registered as director of Vexve A/S.
As of April 29, 2004, Kim Thorsted Frese has joined the board of directors of Vexve A/S.
As of April 29, 2004, Johnni Vagn Thorsted Frese has left the board of directors of Vexve A/S.
As of March 26, 2003, Willy Otto Hansen Andersen has left the board of directors of Vexve A/S.
As of March 19, 2003, Aksel Risager Christensen has joined the board of directors of Vexve A/S.
As of March 19, 2003, Jesper Friis-Wandall Nielsen has joined the board of directors of Vexve A/S.
As of March 19, 2003, Susanne Jensen has joined the board of directors of Vexve A/S.
As of March 19, 2003, Benny Olsen has left the board of directors of Vexve A/S.
On August 19, 2002, the company changed its name from FRESE ARMATUR A/S to FRESE A/S.
As of June 24, 2002, Bjarne Wittendorff Ibsen has left the board of directors of Vexve A/S.
As of June 24, 2002, Preben Edvard Kønig has left the board of directors of Vexve A/S.
As of October 22, 2001, Jens Terkel Lund-Nielsen has left the board of directors of Vexve A/S.
As of August 31, 2000, Benny Olsen has joined the board of directors of Vexve A/S.
As of August 31, 2000, Benny Olsen has left the board of directors of Vexve A/S.
As of August 31, 2000, Morten Prasse has left the board of directors of Vexve A/S.
As of March 20, 2000, Jens Terkel Lund-Nielsen has joined the board of directors of Vexve A/S.
As of March 20, 2000, Erik Nielsen has left the board of directors of Vexve A/S.
As of February 22, 2000, Willy Otto Hansen Andersen has left the board of directors of Vexve A/S.
As of February 17, 2000, Benny Olsen has joined the board of directors of Vexve A/S.
As of February 17, 2000, Willy Otto Hansen Andersen has joined the board of directors of Vexve A/S.
As of February 17, 2000, Willy Otto Hansen Andersen has left the board of directors of Vexve A/S.
As of February 17, 2000, Bjarne Wittendorff Ibsen has stepped down as director of Vexve A/S.
As of November 1, 1998, Willy Otto Hansen Andersen has joined the board of directors of Vexve A/S.
As of June 30, 1998, Jan Løvenhardt Hansen has left the board of directors of Vexve A/S.
As of June 30, 1998, Frank Hemmingsen has left the board of directors of Vexve A/S.
As of September 15, 1997, Willy Otto Hansen Andersen has joined the board of directors of Vexve A/S.
As of September 15, 1997, Willy Otto Hansen Andersen has joined the board of directors of Vexve A/S.
As of September 15, 1997, Morten Prasse has joined the board of directors of Vexve A/S.
As of September 15, 1997, Morten Prasse has joined the board of directors of Vexve A/S.
As of September 15, 1997, Willy Otto Hansen Andersen has left the board of directors of Vexve A/S.
As of September 15, 1997, Morten Prasse has left the board of directors of Vexve A/S.
As of April 3, 1996, Bodil Andersen has left the board of directors of Vexve A/S.
As of September 25, 1995, Bjarne Wittendorff Ibsen has joined the board of directors of Vexve A/S.
As of September 25, 1995, Per Odgaard Svenningsen has left the board of directors of Vexve A/S.
As of March 6, 1995, Frank Hemmingsen has joined the board of directors of Vexve A/S.
As of March 6, 1995, Frank Hemmingsen has left the board of directors of Vexve A/S.
As of February 21, 1994, Uffe Frederik Hansen has left the board of directors of Vexve A/S.
As of February 21, 1994, Eva Birthe Faigh has left the board of directors of Vexve A/S.
As of September 16, 1993, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of Vexve A/S.
As of December 10, 1991, EBLY HOLDING ApS has stepped down as auditor of Vexve A/S.
As of May 1, 1991, Thorkild Børge Frese has left the board of directors of Vexve A/S.
As of August 16, 1989, Bjarne Wittendorff Ibsen has left the board of directors of Vexve A/S.
As of August 16, 1989, Hans Ernfred Øhrstrøm has left the board of directors of Vexve A/S.
On February 9, 1989, the company changed its name from FRESE ARMARTUR A/S to FRESE ARMATUR A/S.
On January 7, 1989, the company changed its name from A/S PSE 10 NR. 1500 to FRESE ARMARTUR A/S.
As of January 6, 1989, Erik Tronborg Andersen has stepped down as auditor of Vexve A/S.
As of January 6, 1989, Ulf Svejgaard Poulsen has left the board of directors of Vexve A/S.
As of January 6, 1989, Susanne Saul Stakemann has left the board of directors of Vexve A/S.
As of January 6, 1989, Per Emil Hasselbalch Stakemann has left the board of directors of Vexve A/S.
As of January 6, 1989, Per Emil Hasselbalch Stakemann has stepped down as director of Vexve A/S.
As of August 1, 1988, Erik Tronborg Andersen has been appointed auditor of Vexve A/S.
As of August 1, 1988, EBLY HOLDING ApS has been appointed auditor of Vexve A/S.
As of August 1, 1988, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of Vexve A/S.
As of August 1, 1988, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of Vexve A/S.
As of August 1, 1988, Johnni Vagn Thorsted Frese has joined the board of directors of Vexve A/S.
As of August 1, 1988, Claus Thorsted Frese has joined the board of directors of Vexve A/S.
As of August 1, 1988, Bjarne Wittendorff Ibsen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Ulf Svejgaard Poulsen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Susanne Saul Stakemann has joined the board of directors of Vexve A/S.
As of August 1, 1988, Erik Nielsen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Jan Løvenhardt Hansen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Preben Edvard Kønig has joined the board of directors of Vexve A/S.
As of August 1, 1988, Per Odgaard Svenningsen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Hans Ernfred Øhrstrøm has joined the board of directors of Vexve A/S.
As of August 1, 1988, Per Emil Hasselbalch Stakemann has joined the board of directors of Vexve A/S.
As of August 1, 1988, Thorkild Børge Frese has joined the board of directors of Vexve A/S.
As of August 1, 1988, Uffe Frederik Hansen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Eva Birthe Faigh has joined the board of directors of Vexve A/S.
As of August 1, 1988, Gert Suhr Hansen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Bodil Andersen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Frank Hemmingsen has joined the board of directors of Vexve A/S.
As of August 1, 1988, Bjarne Wittendorff Ibsen is registered as director of Vexve A/S.
As of August 1, 1988, Per Emil Hasselbalch Stakemann is registered as director of Vexve A/S.
Vexve A/S was founded on August 1, 1988.
