CVR: 19992306
Secondary names: VASCANDIC A/S, NORTEC SYSTEM A/S, Nortec Supply A/S
Previous names: VASCANDIC A/S, NORTEC SYSTEM A/S
DKK 107,199,089
Gross profit
Net result: DKK 12,300,686
STENSEMINDE HOLDING ApS, 4M HOLDING ApS
2 more
CVR · view ownership and management
Owner registered: STENSEMINDE HOLDING ApS
CVR · 11/06/2026
View the full event history
NORTEC A/S is a Danish company of the type Aktieselskab based in Vejle, founded in 1997. The company is registered under the industry Engroshandel med hvidevarer og elektriske husholdningsartikler. The company was previously named NORTEC SYSTEM A/S and VASCANDIC A/S. The management consists of Morten Elgaard Bak and Michael Sand. The company's owners include STENSEMINDE HOLDING ApS, 4M HOLDING ApS and Norland Invest ApS. The company has 69 employees (2018). In 2025, the company reported a gross profit of DKK 107,199,089 and a net result of DKK 12,300,686 compared with DKK 17,837,694 the year before. Equity in the 2025 report amounted to DKK 102,095,979.
Source: annual report 2025, Danish Business Authority
NORTEC A/S demonstrates a solid financial trajectory, with consistent growth in gross profit and profit over the past few years. Gross profit increased from 62.2 million DKK in 2021 to 107.2 million DKK in 2025, while profit rose from 2.6 million DKK in 2022 to 12.3 million DKK in 2025, indicating a strong upward trend. The company's equity has also improved significantly, reaching 102.1 million DKK in 2025, reflecting a robust financial position. However, the absence of revenue data raises concerns about transparency and overall market performance. Positioned within the wholesale trade of appliances and electrical household goods, NORTEC A/S appears to be strengthening its foothold in the industry.
AI-generated summary · Generated 15/08/2026
Selskabets formål er at drive virksomhed med håndværk, handel samt enhver aktivitet, der efter bestyrelsens skøn står i forbindelse hermed.
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 | 107.2 mio. | 12.3 mio. | 560 mio. | 102.1 mio. | 112 | |
| 202401/01/2024 – 31/12/2024 | 102.7 mio. | 17.8 mio. | 405.4 mio. | 85.2 mio. | 95 | |
| 202301/01/2023 – 31/12/2023 | 102.3 mio. | 17.2 mio. | 339.1 mio. | 67.3 mio. | 70 | |
| 202201/01/2022 – 31/12/2022 | 74.2 mio. | 2.6 mio. | 289.9 mio. | 50.2 mio. | 68 | |
| 202101/01/2021 – 31/12/2021 | 62.2 mio. | 9.3 mio. | 241 mio. | 48.6 mio. | 66 | |
| 202001/01/2020 – 31/12/2020 | 60.5 mio. | 11.2 mio. | 195 mio. | 39.3 mio. | 65 | |
| 201901/01/2019 – 31/12/2019 | 64.6 mio. | 14.6 mio. | 172.4 mio. | 28.1 mio. | 58 | |
| 201801/01/2018 – 31/12/2018 | 44.9 mio. | 3.2 mio. | 144.8 mio. | 27.7 mio. | 52 | |
| 201701/01/2017 – 31/12/2017 | 40.1 mio. | 3.9 mio. | 108.5 mio. | 24.5 mio. | 45 | |
| 201601/01/2016 – 31/12/2016 | 35 mio. | 2.9 mio. | 79.3 mio. | 12.4 mio. | 52 | |
| 201501/01/2015 – 31/12/2015 | - | 4 mio. | 63 mio. | 9.5 mio. | - | |
| 201401/01/2014 – 31/12/2014 | 28.7 mio. | 2.4 mio. | 43.2 mio. | 7.8 mio. | - | |
| 201301/01/2013 – 31/12/2013 | 26 mio. | 2.5 mio. | 38.8 mio. | 7.8 mio. | - | |
| 201201/01/2012 – 31/12/2012 | 24.2 mio. | 1.2 mio. | 36.6 mio. | 5.3 mio. | - |
Compared to 109 companies in Engroshandel med hvidevarer og elektriske husholdningsartikler
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
Get notified instantly about new financial statements, ownership changes, management changes and status changes.
Set up monitoringNORTEC A/S was founded on 26 March 1997.
NORTEC A/S is registered under the industry Engroshandel med hvidevarer og elektriske husholdningsartikler (industry code 464310).
NORTEC A/S had 69 employees in 2018 according to the Danish CVR register.
The owners of NORTEC A/S include STENSEMINDE HOLDING ApS, 4M HOLDING ApS and Norland Invest ApS.
In 2025, NORTEC A/S reported a gross profit of DKK 107,199,089.
The management of NORTEC A/S consists of Morten Elgaard Bak and Michael Sand.
Claim this page to add your logo and social links. Free to get started.
Contact info changed: new phone: 70256256 (June 17, 2026).
NORTEC A/S has published its annual report for 2025. Gross profit came to DKK 107,199,089, and the net result was DKK 12,300,686.
As of June 16, 2026, Henrik Sørensen has joined the board of directors of NORTEC A/S.
As of June 16, 2026, Christian Lund Madsen has joined the board of directors of NORTEC A/S.
As of June 16, 2026, Tom Steve Madsen has left the board of directors of NORTEC A/S.
As of June 16, 2026, Kim Lund Bennedbæk Clausen has left the board of directors of NORTEC A/S.
As of June 16, 2026, Dan Høgh Vium has left the board of directors of NORTEC A/S.
As of June 16, 2026, Jacob Amlund Jensen has left the board of directors of NORTEC A/S.
As of June 16, 2026, Steven Johnsen has left the board of directors of NORTEC A/S.
As of June 16, 2026, Steen Duus has left the board of directors of NORTEC A/S.
As of June 16, 2026, Lone Agergaard Jensen has left the board of directors of NORTEC A/S.
Contact info changed: new phone: 70256256 (June 13, 2026).
As of June 11, 2026, STENSEMINDE HOLDING ApS is registered as an owner of NORTEC A/S with an ownership share of 25%.
Contact info changed: new phone: 70256256 (May 18, 2026).
Contact info changed: new phone: 70256256 (May 6, 2026).
As of April 16, 2026, Thomas Larsen has left the board of directors of NORTEC A/S.
Contact info changed: new phone: 70256256 (January 22, 2026).
As of December 31, 2025, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of NORTEC A/S.
As of December 31, 2025, EY Godkendt Revisionspartnerselskab has stepped down as auditor of NORTEC A/S.
As of December 30, 2025, Morten Elgaard Bak is registered as director of NORTEC A/S.
NORTEC A/S has published its annual report for 2024. Gross profit came to DKK 102,735,045, and the net result was DKK 17,837,694.
As of November 26, 2024, Morten Elgaard Bak has joined the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2023. Gross profit came to DKK 102,257,497, and the net result was DKK 17,165,387.
As of January 23, 2024, EY Godkendt Revisionspartnerselskab has been appointed auditor of NORTEC A/S.
As of January 22, 2024, EY Godkendt Revisionspartnerselskab has stepped down as auditor of NORTEC A/S.
As of October 23, 2023, Bjarne Lykkegård Riis has joined the board of directors of NORTEC A/S.
As of October 23, 2023, René Groesmeyer has left the board of directors of NORTEC A/S.
As of August 22, 2023, Lars Tylvad Andersen has joined the board of directors of NORTEC A/S.
As of July 7, 2023, 4M HOLDING ApS is registered as an owner of NORTEC A/S with an ownership share of 15%.
As of July 7, 2023, Norland Invest ApS is registered as an owner of NORTEC A/S with an ownership share of 33%.
As of July 7, 2023, Wepact ApS is registered as an owner of NORTEC A/S with an ownership share of 10%.
NORTEC A/S has published its annual report for 2022. Gross profit came to DKK 74,165,552, and the net result was DKK 2,626,058.
NORTEC A/S has published its annual report for 2021. Gross profit came to DKK 62,238,216, and the net result was DKK 9,334,247.
As of December 21, 2021, René Groesmeyer has joined the board of directors of NORTEC A/S.
As of December 21, 2021, Steven Johnsen has joined the board of directors of NORTEC A/S.
As of December 21, 2021, Thomas Larsen has joined the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2020. Gross profit came to DKK 60,548,045, and the net result was DKK 11,178,758.
As of May 18, 2021, Steen Duus has joined the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2019. Gross profit came to DKK 64,605,105, and the net result was DKK 14,630,607.
As of June 15, 2020, Torben Bang has joined the board of directors of NORTEC A/S.
As of June 15, 2020, Lars Walter Høeg has left the board of directors of NORTEC A/S.
As of November 7, 2019, Jannie Sand has left the board of directors of NORTEC A/S.
As of September 6, 2019, Dan Høgh Vium has joined the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2018. Gross profit came to DKK 44,864,522, and the net result was DKK 3,239,991.
As of April 25, 2019, Lars Walter Høeg has joined the board of directors of NORTEC A/S.
As of April 25, 2019, Jacob Amlund Jensen has joined the board of directors of NORTEC A/S.
As of April 24, 2019, Jacob Amlund Jensen has left the board of directors of NORTEC A/S.
As of January 1, 2019, Jacob Amlund Jensen has joined the board of directors of NORTEC A/S.
As of December 31, 2018, Finn Boel Pedersen has left the board of directors of NORTEC A/S.
As of December 31, 2018, Jacob Amlund Jensen has left the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2017. Gross profit came to DKK 40,112,151, and the net result was DKK 3,918,817.
As of May 22, 2018, Lone Agergaard Jensen has joined the board of directors of NORTEC A/S.
As of May 22, 2018, Robert Due Kvistgaard has left the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2016. Gross profit came to DKK 34,950,757, and the net result was DKK 2,872,350.
On April 18, 2017, the company changed its name from NORTEC SYSTEM A/S to NORTEC A/S.
As of September 22, 2016, Tom Steve Madsen has joined the board of directors of NORTEC A/S.
As of September 22, 2016, Kim Lund Bennedbæk Clausen has joined the board of directors of NORTEC A/S.
As of September 22, 2016, Robert Due Kvistgaard has joined the board of directors of NORTEC A/S.
As of September 21, 2016, Tom Steve Madsen has left the board of directors of NORTEC A/S.
As of September 21, 2016, Robert Due Kvistgaard has left the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2015. The net result was DKK 4,044,051.
As of May 10, 2016, EY Godkendt Revisionspartnerselskab has been appointed auditor of NORTEC A/S.
As of May 10, 2016, RSM PLUS P/S STATSAUTORISEREDE REVISORER has stepped down as auditor of NORTEC A/S.
NORTEC A/S has published its annual report for 2014. Gross profit came to DKK 28,690,665, and the net result was DKK 2,374,627.
As of March 20, 2015, Jannie Sand has joined the board of directors of NORTEC A/S.
NORTEC A/S has published its annual report for 2013. Gross profit came to DKK 26,030,647, and the net result was DKK 2,468,786.
As of November 12, 2013, RSM PLUS P/S STATSAUTORISEREDE REVISORER has been appointed auditor of NORTEC A/S.
As of November 12, 2013, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of NORTEC A/S.
NORTEC A/S has published its annual report for 2012. Gross profit came to DKK 24,245,691, and the net result was DKK 1,189,967.
As of May 7, 2013, Brian Kvist has left the board of directors of NORTEC A/S.
As of December 21, 2012, Tom Steve Madsen has joined the board of directors of NORTEC A/S.
As of December 21, 2012, Finn Boel Pedersen has joined the board of directors of NORTEC A/S.
As of December 21, 2012, Brian Kvist has joined the board of directors of NORTEC A/S.
As of December 21, 2012, Robert Due Kvistgaard has joined the board of directors of NORTEC A/S.
As of December 21, 2012, Jacob Amlund Jensen has joined the board of directors of NORTEC A/S.
As of December 21, 2012, Michael Sand is registered as adm. dir. of NORTEC A/S.
As of December 21, 2012, Tom Steve Madsen has stepped down as director of NORTEC A/S.
As of July 1, 2011, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of NORTEC A/S.
As of July 1, 2011, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of NORTEC A/S.
As of December 9, 2010, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of NORTEC A/S.
As of December 9, 2010, JUT NR. 2180 A/S has stepped down as auditor of NORTEC A/S.
As of May 25, 2009, Michael Friis has left the board of directors of NORTEC A/S.
As of May 25, 2009, Aage Ryssel Ramsgaard has left the board of directors of NORTEC A/S.
As of March 21, 2007, JUT NR. 2180 A/S has been appointed auditor of NORTEC A/S.
As of March 21, 2007, CMN HOLDING 2007 ApS has stepped down as auditor of NORTEC A/S.
As of June 26, 2006, Michael Friis has joined the board of directors of NORTEC A/S.
As of June 26, 2006, Aage Ryssel Ramsgaard has joined the board of directors of NORTEC A/S.
As of June 26, 2006, Aase Madsen has left the board of directors of NORTEC A/S.
As of June 26, 2006, Maiken Sand has left the board of directors of NORTEC A/S.
On December 1, 2000, the company changed its name from VASCANDIC A/S to NORTEC SYSTEM A/S.
As of March 26, 1997, CMN HOLDING 2007 ApS has been appointed auditor of NORTEC A/S.
As of March 26, 1997, Aase Madsen has joined the board of directors of NORTEC A/S.
As of March 26, 1997, Michael Sand has joined the board of directors of NORTEC A/S.
As of March 26, 1997, Maiken Sand has joined the board of directors of NORTEC A/S.
As of March 26, 1997, Tom Steve Madsen is registered as director of NORTEC A/S.
NORTEC A/S was founded on March 26, 1997.
Companies in the same industry and area
CVR 19787494
CVR 12704283
CVR 28845030
CVR 31880793
CVR 40004181
