CVR: 15200332
Secondary names: HB COTES A/S, Fugtkontrol A/S
Previous names: A/S PSE 38 NR. 1325, HB COTES A/S
DKK 53,275,330
Gross profit
Net result: DKK 18,183,158
Carel Industries S.p.A.
CVR · view ownership and management
Owner registered: Carel Industries S.p.A.
CVR · 03/09/2026
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COTES A/S is a Danish company of the type Aktieselskab based in Viby J, founded in 1991. The company is registered under the industry Fremstilling af klimaanlæg, ikke til husholdningsbrug. The company was previously named HB COTES A/S and A/S PSE 38 NR. 1325. The management consists of Martin Brøchner-Mortensen. The company is owned by Carel Industries S.p.A.. The company has 43 employees (2018). In 2025, the company reported a gross profit of DKK 53,275,330 and a net result of DKK 18,183,158 compared with DKK -1,905,380 the year before. Equity in the 2025 report amounted to DKK 42,033,212.
Source: annual report 2025, Danish Business Authority
COTES A/S has demonstrated a strong recovery in profitability, with a notable gross profit of 53,275,330 DKK and a profit of 18,183,158 DKK in 2025, following a challenging year in 2024 where it reported a loss. The company's gross profit has shown a consistent upward trend, increasing from 31,955,906 DKK in 2022 to 53,275,330 DKK in 2025, indicating effective cost management and operational efficiency. Equity has significantly improved, rising from 16,514,851 DKK in 2021 to 42,033,212 DKK in 2025, reflecting a solid financial foundation. However, the lack of disclosed revenue figures may raise concerns regarding transparency and overall market position within the non-household climate control manufacturing industry.
AI-generated summary · Generated 13/08/2026
Selskabets formål er produktion og handel
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 53.3 mio. | 18.2 mio. | 74.5 mio. | 42 mio. | 31 | |
| 202401/01/2024 – 31/12/2024 | 40 mio. | -1.9 mio. | 86.8 mio. | 23.8 mio. | 33 | |
| 202301/01/2023 – 31/12/2023 | 45.4 mio. | 6 mio. | 115.1 mio. | 25.7 mio. | 33 | |
| 202201/01/2022 – 31/12/2022 | 32 mio. | 2.8 mio. | 73 mio. | 19.7 mio. | 36 | |
| 202101/01/2021 – 31/12/2021 | 33 mio. | 6 mio. | 48 mio. | 16.5 mio. | 33 | |
| 202001/01/2020 – 31/12/2020 | 36 mio. | 7.7 mio. | 49.9 mio. | 14.3 mio. | 36 | |
| 201901/01/2019 – 31/12/2019 | 30.1 mio. | 1.9 mio. | 30.9 mio. | 7.9 mio. | 39 | |
| 201801/01/2018 – 31/12/2018 | 29.6 mio. | 1.7 mio. | 30.2 mio. | 14.9 mio. | 42 | |
| 201701/01/2017 – 31/12/2017 | 30.1 mio. | 8.2 mio. | 38 mio. | 19.2 mio. | 42 | |
| 201601/01/2016 – 31/12/2016 | 19.5 mio. | 1.8 mio. | 31.9 mio. | 11.8 mio. | 39 | |
| 201501/01/2015 – 31/12/2015 | 14.3 mio. | 664 t. | 31.2 mio. | 10.2 mio. | 44 | |
| 201401/01/2014 – 31/12/2014 | 13.8 mio. | 877 t. | 27.4 mio. | 9.5 mio. | 44 | |
| 201301/01/2013 – 31/12/2013 | 13.4 mio. | 1.4 mio. | 24.1 mio. | 8.6 mio. | 44 | |
| 201201/01/2012 – 31/12/2012 | 7.8 mio. | -1 mio. | 22.9 mio. | 5.7 mio. | 36 |
Compared to 212 companies in Fremstilling af klimaanlæg, ikke til husholdningsbrug
Comparison is based on industry median values
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Read about the CDS scoreCOTES A/S was founded on 1 June 1991.
COTES A/S is registered under the industry Fremstilling af klimaanlæg, ikke til husholdningsbrug (industry code 282500).
COTES A/S had 43 employees in 2018 according to the Danish CVR register.
COTES A/S is owned by Carel Industries S.p.A..
cotes.com belongs to COTES A/S, CVR number 15200332.
In 2025, COTES A/S reported a gross profit of DKK 53,275,330.
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Contact info changed: new phone: 58196322, new email: [email protected], new website: https://www.cotes.com (September 4, 2026).
As of September 3, 2026, Stefano Ruzzon has joined the board of directors of COTES A/S.
As of September 3, 2026, Marino Tanas has joined the board of directors of COTES A/S.
As of September 3, 2026, Nicola Biondo has joined the board of directors of COTES A/S.
As of September 3, 2026, Carlo Vanin has joined the board of directors of COTES A/S.
As of September 3, 2026, Christian Egemose Agger has left the board of directors of COTES A/S.
As of September 3, 2026, Axel Manøe Jepsen has left the board of directors of COTES A/S.
As of September 3, 2026, Christina Aabo has left the board of directors of COTES A/S.
As of September 3, 2026, is registered as an owner of COTES A/S with an ownership share of 100%.
COTES A/S has published its annual report for 2025. Gross profit came to DKK 53,275,330, and the net result was DKK 18,183,158.
As of September 3, 2025, BDO Statsautoriseret Revisionspartnerselskab has been appointed auditor of COTES A/S.
As of September 3, 2025, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of COTES A/S.
COTES A/S has published its annual report for 2024. Gross profit came to DKK 39,969,817, and the net result was DKK -1,905,380.
As of September 26, 2024, Christian Egemose Agger has joined the board of directors of COTES A/S.
As of September 26, 2024, Axel Manøe Jepsen has joined the board of directors of COTES A/S.
As of September 26, 2024, Flemming Poulfelt has left the board of directors of COTES A/S.
As of September 26, 2024, Michael Ærø Olsen has left the board of directors of COTES A/S.
As of September 25, 2024, Axel Manøe Jepsen has left the board of directors of COTES A/S.
COTES A/S has published its annual report for 2023. Gross profit came to DKK 45,415,046, and the net result was DKK 5,953,478.
COTES A/S has published its annual report for 2022. Gross profit came to DKK 31,955,906, and the net result was DKK 2,819,725.
COTES A/S has published its annual report for 2021. Gross profit came to DKK 32,956,300, and the net result was DKK 6,014,435.
As of November 1, 2021, Martin Brøchner-Mortensen is registered as adm. dir. of COTES A/S.
As of October 31, 2021, Thomas Rønnow has stepped down as adm. dir. of COTES A/S.
COTES A/S has published its annual report for 2020. Gross profit came to DKK 36,008,548, and the net result was DKK 7,729,824.
As of April 8, 2021, Axel Manøe Jepsen has joined the board of directors of COTES A/S.
COTES A/S has published its annual report for 2019. Gross profit came to DKK 30,053,926, and the net result was DKK 1,904,822.
As of May 26, 2020, Michael Ærø Olsen has joined the board of directors of COTES A/S.
As of May 26, 2020, Thomas Rønnow has left the board of directors of COTES A/S.
As of February 1, 2020, Christina Aabo has joined the board of directors of COTES A/S.
As of January 1, 2020, Flemming Poulfelt has joined the board of directors of COTES A/S.
As of December 31, 2019, Flemming Poulfelt has left the board of directors of COTES A/S.
As of September 30, 2019, Finn Mogensen has left the board of directors of COTES A/S.
COTES A/S has published its annual report for 2018. Gross profit came to DKK 29,596,288, and the net result was DKK 1,738,747.
As of December 20, 2018, Torben Melchior Hansen has left the board of directors of COTES A/S.
As of November 15, 2018, Flemming Poulfelt has joined the board of directors of COTES A/S.
As of May 29, 2018, Torben Melchior Hansen has joined the board of directors of COTES A/S.
As of May 29, 2018, Peter Johansen Viereck has left the board of directors of COTES A/S.
As of May 29, 2018, Henning Spendrup Meyer has stepped down as director of COTES A/S.
As of May 28, 2018, Torben Melchior Hansen has left the board of directors of COTES A/S.
COTES A/S has published its annual report for 2017. Gross profit came to DKK 30,119,529, and the net result was DKK 8,230,544.
As of May 15, 2018, Thomas Rønnow has joined the board of directors of COTES A/S.
As of May 15, 2018, Søren Rønnow Olesen has left the board of directors of COTES A/S.
COTES A/S has published its annual report for 2016. Gross profit came to DKK 19,489,873, and the net result was DKK 1,751,402.
As of March 13, 2017, Henning Spendrup Meyer is registered as director of COTES A/S.
COTES A/S has published its annual report for 2015. Gross profit came to DKK 14,250,771, and the net result was DKK 663,839.
As of April 19, 2016, Peter Johansen Viereck has joined the board of directors of COTES A/S.
As of January 22, 2016, Torben Melchior Hansen has joined the board of directors of COTES A/S.
As of October 23, 2015, Bruno Månsson has left the board of directors of COTES A/S.
COTES A/S has published its annual report for 2014. Gross profit came to DKK 13,770,261, and the net result was DKK 877,488.
COTES A/S has published its annual report for 2013. Gross profit came to DKK 13,393,406, and the net result was DKK 1,396,755.
COTES A/S has published its annual report for 2012. Gross profit came to DKK 7,757,033, and the net result was DKK -1,017,589.
As of September 28, 2011, Finn Mogensen has joined the board of directors of COTES A/S.
As of September 28, 2011, Thomas Rønnow has left the board of directors of COTES A/S.
As of July 1, 2011, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of COTES A/S.
As of July 1, 2011, A/S PSE NR. 4820 has stepped down as auditor of COTES A/S.
As of October 11, 2010, Thomas Rønnow has joined the board of directors of COTES A/S.
As of October 11, 2010, Hendrik Eric Bonvanie has left the board of directors of COTES A/S.
As of August 12, 2009, A/S PSE NR. 4820 has been appointed auditor of COTES A/S.
As of August 12, 2009, DANSK REVISION SLAGELSE GODKENDT REVISIONSAKTIESELSKAB has stepped down as auditor of COTES A/S.
As of July 15, 2009, Thomas Rønnow is registered as adm. dir. of COTES A/S.
As of July 15, 2009, Søren Rønnow Olesen has stepped down as director of COTES A/S.
On June 11, 2008, the company changed its name from HB COTES A/S to COTES A/S.
As of November 6, 2006, DANSK REVISION SLAGELSE GODKENDT REVISIONSAKTIESELSKAB has been appointed auditor of COTES A/S.
As of November 6, 2006, JØRGEN CALUM OG SØNNER ApS has stepped down as auditor of COTES A/S.
As of March 27, 1998, Peter Hertz has stepped down as auditor of COTES A/S.
As of March 27, 1998, Laust Carsten Munkholm Sørensen has left the board of directors of COTES A/S.
As of March 27, 1998, Johannes Gerhardus Antonius Mollink has left the board of directors of COTES A/S.
As of April 12, 1995, Hans Christian Galst has left the board of directors of COTES A/S.
On May 25, 1994, the company changed its name from A/S PSE 38 NR. 1325 to HB COTES A/S.
As of May 24, 1994, Erik Tronborg Andersen has stepped down as auditor of COTES A/S.
As of May 24, 1994, Ulf Svejgaard Poulsen has left the board of directors of COTES A/S.
As of May 24, 1994, Susanne Saul Stakemann has left the board of directors of COTES A/S.
As of May 24, 1994, Per Emil Hasselbalch Stakemann has left the board of directors of COTES A/S.
As of May 24, 1994, Per Emil Hasselbalch Stakemann has stepped down as director of COTES A/S.
As of June 1, 1991, JØRGEN CALUM OG SØNNER ApS has been appointed auditor of COTES A/S.
As of June 1, 1991, Erik Tronborg Andersen has been appointed auditor of COTES A/S.
As of June 1, 1991, Peter Hertz has been appointed auditor of COTES A/S.
As of June 1, 1991, Hans Christian Galst has joined the board of directors of COTES A/S.
As of June 1, 1991, Ulf Svejgaard Poulsen has joined the board of directors of COTES A/S.
As of June 1, 1991, Susanne Saul Stakemann has joined the board of directors of COTES A/S.
As of June 1, 1991, Bruno Månsson has joined the board of directors of COTES A/S.
As of June 1, 1991, Laust Carsten Munkholm Sørensen has joined the board of directors of COTES A/S.
As of June 1, 1991, Per Emil Hasselbalch Stakemann has joined the board of directors of COTES A/S.
As of June 1, 1991, Søren Rønnow Olesen has joined the board of directors of COTES A/S.
As of June 1, 1991, Hendrik Eric Bonvanie has joined the board of directors of COTES A/S.
As of June 1, 1991, Johannes Gerhardus Antonius Mollink has joined the board of directors of COTES A/S.
As of June 1, 1991, Per Emil Hasselbalch Stakemann is registered as director of COTES A/S.
As of June 1, 1991, Søren Rønnow Olesen is registered as director of COTES A/S.
COTES A/S was founded on June 1, 1991.
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