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WELLTEC A/S

CVR: 13478805

Declining 6% p.a.Medium companyWell-established (36 yrs)Profitable

Secondary names: WELLTEC WELL TECHNOLOGIES A/S

Previous names: JØRGEN HALLUNDBÆK ApS, WELLTEC ApS

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About WELLTEC A/S

WELLTEC A/S is a Danish company of the type Aktieselskab based in Allerød, founded in 1989. The company is registered under the industry Støtteaktiviteter i forbindelse med indvinding af råolie og naturgas. The company was previously named WELLTEC ApS and JØRGEN HALLUNDBÆK ApS. The management consists of Peter Hansen and Michael Christensen. The company is owned by WELLTEC INTERNATIONAL ApS. The company has 231 employees. In 2025, the company reported revenue of DKK 178,610,000 and a net result of DKK 97,595,000 compared with DKK 189,712,000 the year before. Equity amounted to DKK 184,875,000.

WELLTEC A/S demonstrates a solid financial health with a notable profit trajectory, achieving a profit of 97,595,000 DKK in 2025, up from 38,922,000 DKK in 2021. Revenue has shown fluctuations, peaking at 215,511,000 DKK in 2023 before declining to 178,610,000 DKK in 2025, indicating a potential concern in maintaining consistent revenue growth. The company’s equity position remains strong, with 184,875,000 DKK in 2025, although it has decreased from 268,670,000 DKK in 2024. As a player in the oil and gas support activities sector, WELLTEC A/S is positioned to leverage its profitability, but it must address revenue stability to ensure continued growth.

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Overview

Company type
A/S
Aktieselskab
Address
Gydevang 25, 3450 Allerød
ALLERØD
3450 Allerød
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Founded
25.9.1989

Details

Industry
Støtteaktiviteter i forbindelse med indvinding af råolie og naturgas
Code: 091000
Employees
231 employees
218 FTE
(2018)
Capital
292.005.743 kr.

Contact

Phone
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Website
https://welltec.com

Purpose

Selskabets formål er fabrikation, udvikling, udlejning og handel med maskinudstyr, samt levering af serviceydelser, herunder at erhverve kapitalandele i andre virksomheder med dette formål samt anden dermed beslægtet virksomhed.

Location

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FinancialsUSD

YearRevenueProfit/LossTotal AssetsEquityEmployeesReport
2025178.6 mio.97.6 mio.498.7 mio.184.9 mio.236
2024162.1 mio.189.7 mio.402.7 mio.268.7 mio.-
2023215.5 mio.113.8 mio.373.1 mio.220.9 mio.-
2022171.7 mio.69.2 mio.280 mio.120.3 mio.-
2021111.2 mio.38.9 mio.251.3 mio.52.7 mio.-
2020209.4 mio.1.1 mio.474.5 mio.29.1 mio.-
2019261.7 mio.21.4 mio.496.7 mio.48 mio.-
2018237.1 mio.-17.1 mio.425.5 mio.25.6 mio.-
2017169.5 mio.-33.4 mio.438.8 mio.48.7 mio.-
2016189 mio.-25.5 mio.446.6 mio.56 mio.-
2015245.7 mio.-33 mio.512.2 mio.77.8 mio.-
2014345 mio.15.9 mio.566.9 mio.125.2 mio.-

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Industry Benchmarks

View industry report

Compared to 53 companies in Støtteaktiviteter i forbindelse med indvinding af råolie og naturgas

Revenue
Company178.6 mio.
Industry median3.2 mio.
56.1x
Profit margin
Company54.6%
Industry median18.0%
3.0x
Employees
Company236
Industry median8
29.5x
Equity ratio
Company37.1%
Industry median72.0%
49% below

Comparison is based on industry median values

Ownership

Owners
WELLTEC INTERNATIONAL ApS
CVR: 30695003
100%
WELLTEC A/S
CVR: 13478805
Subsidiaries
WELLTEC AFRICA ApS
CVR: 28505264(active)
100%
WELLTEC LATINAMERICA ApS
CVR: 28505302(active)
100%

Management

Directors

Peter Hansen(ADM. DIR.)
Michael Christensen(DIREKTØR)

Board

Niels Harald de Coninck-Smith(FORMAND)
Benoit Ribadeau-Dumas(BESTYRELSESMEDLEM)
Klaus Martin Bukenberger(BESTYRELSESMEDLEM)
Maite Labairu Trenchs(BESTYRELSESMEDLEM)
Michel Pierre René Hourcard(BESTYRELSESMEDLEM)

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Founders

Jørgen Hallundbæk

Production units (5)

WELLTEC A/S
P-no: 1000571582
Gydevang 25, 3450, Allerød
Støtteaktiviteter i forbindelse med indvinding af råolie og naturgas
192 employees
Welltec A/S WIS Esbjerg
P-no: 1027566045
Storstrømsvej 6, 6715, Esbjerg N
Støtteaktiviteter i forbindelse med indvinding af råolie og naturgas

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History

81 events
2026
WELLTEC A/S: The 2025 annual report is outJul 1, 2026

WELLTEC A/S has published its annual report for 2025. Revenue came to DKK 178,610,000, and the net result was DKK 97,595,000.

WELLTEC A/S updates contact informationFeb 26, 2026

Contact info changed: new phone: 48143514 (February 26, 2026).

Alasdair Geddes Shiach leaves the board of WELLTEC A/SFeb 25, 2026

As of February 25, 2026, Alasdair Geddes Shiach has left the board of directors of WELLTEC A/S.

2025
WELLTEC A/S: The 2024 annual report is outJun 26, 2025

WELLTEC A/S has published its annual report for 2024. Revenue came to DKK 162,126,000, and the net result was DKK 189,712,000.

2024
WELLTEC A/S: The 2023 annual report is outJun 18, 2024

WELLTEC A/S has published its annual report for 2023. Revenue came to DKK 215,511,000, and the net result was DKK 113,764,000.

2023
WELLTEC A/S: The 2022 annual report is outJun 19, 2023

WELLTEC A/S has published its annual report for 2022. Revenue came to DKK 171,714,000, and the net result was DKK 69,222,000.

Michael Christensen joins WELLTEC A/S as directorApr 1, 2023

As of April 1, 2023, Michael Christensen is registered as director of WELLTEC A/S.

Anders Qvortrup Christensen steps down as director of WELLTEC A/SApr 1, 2023

As of April 1, 2023, Anders Qvortrup Christensen has stepped down as director of WELLTEC A/S.

2022
Anders Qvortrup Christensen joins WELLTEC A/S as directorNov 11, 2022

As of November 11, 2022, Anders Qvortrup Christensen is registered as director of WELLTEC A/S.

Søren Søgaard Suhr steps down as director of WELLTEC A/SNov 11, 2022

As of November 11, 2022, Søren Søgaard Suhr has stepped down as director of WELLTEC A/S.

WELLTEC A/S: The 2021 annual report is outMay 18, 2022

WELLTEC A/S has published its annual report for 2021. Revenue came to DKK 111,234,000, and the net result was DKK 38,922,000.

Maite Labairu Trenchs joins the board of WELLTEC A/SMar 25, 2022

As of March 25, 2022, Maite Labairu Trenchs has joined the board of directors of WELLTEC A/S.

Benoit Ribadeau-Dumas joins the board of WELLTEC A/SMar 25, 2022

As of March 25, 2022, Benoit Ribadeau-Dumas has joined the board of directors of WELLTEC A/S.

Enrico Vellano leaves the board of WELLTEC A/SMar 25, 2022

As of March 25, 2022, Enrico Vellano has left the board of directors of WELLTEC A/S.

2021
John Haukvik leaves the board of WELLTEC A/SJun 14, 2021

As of June 14, 2021, John Haukvik has left the board of directors of WELLTEC A/S.

WELLTEC A/S: The 2020 annual report is outJun 3, 2021

WELLTEC A/S has published its annual report for 2020. Revenue came to DKK 209,449,000, and the net result was DKK 1,131,000.

Michel Pierre René Hourcard joins the board of WELLTEC A/SMay 31, 2021

As of May 31, 2021, Michel Pierre René Hourcard has joined the board of directors of WELLTEC A/S.

Søren Søgaard Suhr joins WELLTEC A/S as directorMay 31, 2021

As of May 31, 2021, Søren Søgaard Suhr is registered as director of WELLTEC A/S.

Jørgen Hallundbæk leaves the board of WELLTEC A/SApr 14, 2021

As of April 14, 2021, Jørgen Hallundbæk has left the board of directors of WELLTEC A/S.

Peter Hansen joins WELLTEC A/S as adm. dir.Apr 14, 2021

As of April 14, 2021, Peter Hansen is registered as adm. dir. of WELLTEC A/S.

Jørgen Hallundbæk steps down as adm. dir. of WELLTEC A/SApr 14, 2021

As of April 14, 2021, Jørgen Hallundbæk has stepped down as adm. dir. of WELLTEC A/S.

2020
WELLTEC A/S: The 2019 annual report is outJun 7, 2020

WELLTEC A/S has published its annual report for 2019. Revenue came to DKK 261,748,000, and the net result was DKK 21,445,000.

2019
WELLTEC INTERNATIONAL ApS registered as owner of WELLTEC A/SAug 12, 2019

As of August 12, 2019, WELLTEC INTERNATIONAL ApS is registered as an owner of WELLTEC A/S with an ownership share of 100%.

WELLTEC A/S: The 2018 annual report is outJun 21, 2019

WELLTEC A/S has published its annual report for 2018. Revenue came to DKK 237,141,000, and the net result was DKK -17,136,000.

Klaus Martin Bukenberger joins the board of WELLTEC A/SJun 19, 2019

As of June 19, 2019, Klaus Martin Bukenberger has joined the board of directors of WELLTEC A/S.

Michael Philipp Bricker leaves the board of WELLTEC A/SJun 19, 2019

As of June 19, 2019, Michael Philipp Bricker has left the board of directors of WELLTEC A/S.

2018
WELLTEC A/S: The 2017 annual report is outJun 22, 2018

WELLTEC A/S has published its annual report for 2017. Revenue came to DKK 169,536,000, and the net result was DKK -33,432,000.

Enrico Vellano joins the board of WELLTEC A/SMay 23, 2018

As of May 23, 2018, Enrico Vellano has joined the board of directors of WELLTEC A/S.

Annalisa Stupenengo leaves the board of WELLTEC A/SMay 23, 2018

As of May 23, 2018, Annalisa Stupenengo has left the board of directors of WELLTEC A/S.

2017
Alasdair Geddes Shiach joins the board of WELLTEC A/SAug 18, 2017

As of August 18, 2017, Alasdair Geddes Shiach has joined the board of directors of WELLTEC A/S.

John Haukvik joins the board of WELLTEC A/SAug 18, 2017

As of August 18, 2017, John Haukvik has joined the board of directors of WELLTEC A/S.

WELLTEC A/S: The 2016 annual report is outMay 29, 2017

WELLTEC A/S has published its annual report for 2016. Revenue came to DKK 189,012,000, and the net result was DKK -25,477,000.

2016
WELLTEC A/S appoints new auditorOct 24, 2016

As of October 24, 2016, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of WELLTEC A/S.

Auditor steps down at WELLTEC A/SOct 24, 2016

As of October 24, 2016, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of WELLTEC A/S.

WELLTEC A/S: The 2015 annual report is outJun 1, 2016

WELLTEC A/S has published its annual report for 2015. Revenue came to DKK 245,726,000, and the net result was DKK -32,985,000.

Niels Harald de Coninck-Smith joins the board of WELLTEC A/SFeb 8, 2016

As of February 8, 2016, Niels Harald de Coninck-Smith has joined the board of directors of WELLTEC A/S.

Søren Jørgensen leaves the board of WELLTEC A/SFeb 8, 2016

As of February 8, 2016, Søren Jørgensen has left the board of directors of WELLTEC A/S.

2015
Annalisa Stupenengo joins the board of WELLTEC A/SDec 28, 2015

As of December 28, 2015, Annalisa Stupenengo has joined the board of directors of WELLTEC A/S.

Michael Philipp Bricker joins the board of WELLTEC A/SOct 26, 2015

As of October 26, 2015, Michael Philipp Bricker has joined the board of directors of WELLTEC A/S.

Scott Charles Collins leaves the board of WELLTEC A/SOct 26, 2015

As of October 26, 2015, Scott Charles Collins has left the board of directors of WELLTEC A/S.

Johannes Kornelis Jan Sikkens leaves the board of WELLTEC A/SOct 26, 2015

As of October 26, 2015, Johannes Kornelis Jan Sikkens has left the board of directors of WELLTEC A/S.

WELLTEC A/S: The 2014 annual report is outMay 26, 2015

WELLTEC A/S has published its annual report for 2014. Revenue came to DKK 345,009,000, and the net result was DKK 15,938,000.

2014
WELLTEC A/S: The 2013 annual report is outJun 16, 2014

WELLTEC A/S has published its annual report for 2013.

2013
WELLTEC A/S: The 2012 annual report is outApr 18, 2013

WELLTEC A/S has published its annual report for 2012.

2012
Johannes Kornelis Jan Sikkens joins the board of WELLTEC A/SJan 25, 2012

As of January 25, 2012, Johannes Kornelis Jan Sikkens has joined the board of directors of WELLTEC A/S.

2011
Sotirios Theodoros Fivos Lyritzis leaves the board of WELLTEC A/SDec 31, 2011

As of December 31, 2011, Sotirios Theodoros Fivos Lyritzis has left the board of directors of WELLTEC A/S.

WELLTEC A/S appoints new auditorOct 13, 2011

As of October 13, 2011, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of WELLTEC A/S.

Auditor steps down at WELLTEC A/SOct 13, 2011

As of October 13, 2011, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of WELLTEC A/S.

2008
Scott Charles Collins joins the board of WELLTEC A/SApr 24, 2008

As of April 24, 2008, Scott Charles Collins has joined the board of directors of WELLTEC A/S.

Thomas Scott Roberts leaves the board of WELLTEC A/SApr 24, 2008

As of April 24, 2008, Thomas Scott Roberts has left the board of directors of WELLTEC A/S.

2007
Søren Jørgensen joins the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Søren Jørgensen has joined the board of directors of WELLTEC A/S.

Thomas Scott Roberts joins the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Thomas Scott Roberts has joined the board of directors of WELLTEC A/S.

Sotirios Theodoros Fivos Lyritzis joins the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Sotirios Theodoros Fivos Lyritzis has joined the board of directors of WELLTEC A/S.

Kai Uli Köppen leaves the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Kai Uli Köppen has left the board of directors of WELLTEC A/S.

Volker Schmidt leaves the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Volker Schmidt has left the board of directors of WELLTEC A/S.

Antonio Manuel Anglin Alvares Cabral leaves the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Antonio Manuel Anglin Alvares Cabral has left the board of directors of WELLTEC A/S.

Samuel Arnold David Bamford leaves the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Samuel Arnold David Bamford has left the board of directors of WELLTEC A/S.

Colin Robert Goodall leaves the board of WELLTEC A/SJul 27, 2007

As of July 27, 2007, Colin Robert Goodall has left the board of directors of WELLTEC A/S.

2006
Antonio Manuel Anglin Alvares Cabral joins the board of WELLTEC A/SOct 25, 2006

As of October 25, 2006, Antonio Manuel Anglin Alvares Cabral has joined the board of directors of WELLTEC A/S.

Colin Robert Goodall joins the board of WELLTEC A/SOct 25, 2006

As of October 25, 2006, Colin Robert Goodall has joined the board of directors of WELLTEC A/S.

2005
Samuel Arnold David Bamford joins the board of WELLTEC A/SOct 21, 2005

As of October 21, 2005, Samuel Arnold David Bamford has joined the board of directors of WELLTEC A/S.

WELLTEC A/S appoints new auditorJun 29, 2005

As of June 29, 2005, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of WELLTEC A/S.

Auditor steps down at WELLTEC A/SJun 29, 2005

As of June 29, 2005, PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab has stepped down as auditor of WELLTEC A/S.

Kai Uli Köppen joins the board of WELLTEC A/SJun 29, 2005

As of June 29, 2005, Kai Uli Köppen has joined the board of directors of WELLTEC A/S.

Volker Schmidt joins the board of WELLTEC A/SJun 29, 2005

As of June 29, 2005, Volker Schmidt has joined the board of directors of WELLTEC A/S.

Martin Jørgen Flaga leaves the board of WELLTEC A/SJun 29, 2005

As of June 29, 2005, Martin Jørgen Flaga has left the board of directors of WELLTEC A/S.

Marianne Kjær Hallundbæk leaves the board of WELLTEC A/SJun 29, 2005

As of June 29, 2005, Marianne Kjær Hallundbæk has left the board of directors of WELLTEC A/S.

Martin Jørgen Flaga joins the board of WELLTEC A/SMay 31, 2005

As of May 31, 2005, Martin Jørgen Flaga has joined the board of directors of WELLTEC A/S.

Stephen Kenneth French leaves the board of WELLTEC A/SMay 31, 2005

As of May 31, 2005, Stephen Kenneth French has left the board of directors of WELLTEC A/S.

2004
WELLTEC A/S appoints new auditorNov 2, 2004

As of November 2, 2004, PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab has been appointed auditor of WELLTEC A/S.

Auditor steps down at WELLTEC A/SNov 2, 2004

As of November 2, 2004, Ove Pensbo-Madsen has stepped down as auditor of WELLTEC A/S.

Jørgen Hallundbæk joins the board of WELLTEC A/SJun 30, 2004

As of June 30, 2004, Jørgen Hallundbæk has joined the board of directors of WELLTEC A/S.

Marianne Kjær Hallundbæk joins the board of WELLTEC A/SJun 30, 2004

As of June 30, 2004, Marianne Kjær Hallundbæk has joined the board of directors of WELLTEC A/S.

Stephen Kenneth French joins the board of WELLTEC A/SJun 30, 2004

As of June 30, 2004, Stephen Kenneth French has joined the board of directors of WELLTEC A/S.

Jørgen Hallundbæk joins WELLTEC A/S as adm. dir.Jun 30, 2004

As of June 30, 2004, Jørgen Hallundbæk is registered as adm. dir. of WELLTEC A/S.

WELLTEC ApS changes name to WELLTEC A/SJun 30, 2004

On June 30, 2004, the company changed its name from WELLTEC ApS to WELLTEC A/S.

1994
JØRGEN HALLUNDBÆK ApS changes name to WELLTEC ApSMar 5, 1994

On March 5, 1994, the company changed its name from JØRGEN HALLUNDBÆK ApS to WELLTEC ApS.

Auditor steps down at WELLTEC A/SMar 4, 1994

As of March 4, 1994, A/S PSE 10 NR. 1251 has stepped down as auditor of WELLTEC A/S.

1989
WELLTEC A/S appoints new auditorSep 25, 1989

As of September 25, 1989, Ove Pensbo-Madsen has been appointed auditor of WELLTEC A/S.

WELLTEC A/S appoints new auditorSep 25, 1989

As of September 25, 1989, A/S PSE 10 NR. 1251 has been appointed auditor of WELLTEC A/S.

WELLTEC A/S is foundedSep 25, 1989

WELLTEC A/S was founded on September 25, 1989.