Owners, management and financials
CVR: 27549012
Secondary names: SmartSanitet A/S
DKK 7,724,676
Gross profit
Net result: DKK 427,589
TWIN HEAT HOLDING A/S (100%)
CVR · view owners
Esben Baag Pedersen
Board: Søren Elkjær Vasegaard (chair) and 3 members
CVR · view management
Active
Founded 2 January 2004
CVR · view overview
13 employees
CVR · 2026
Owner registered: TWIN HEAT HOLDING A/S
CVR · 02/02/2007
View the full event history
TWIN HEAT A/S is a Danish company of the type Aktieselskab based in Gedsted, founded in 2004. The company is registered under the industry Fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning. The management consists of Esben Baag Pedersen. The board consists of Søren Elkjær Vasegaard (chair), Esben Baag Pedersen, Ingrid Solvej Vasegaard and Marianne Susanne Kirsten Pedersen. The company is owned by TWIN HEAT HOLDING A/S. The company has 13 employees (2026). In 2025, the company reported a gross profit of DKK 7,724,676 and a net result of DKK 427,589 compared with DKK 1,291,815 the year before. Equity in the 2025 report amounted to DKK 4,530,179.
Source: annual report 2025, Danish Business Authority
TWIN HEAT A/S demonstrates a positive financial trajectory, with consistent growth in gross profit and profit over the past five years. Gross profit rose from 5,163,984 DKK in 2021 to 9,609,105 DKK in 2024, while profit increased from 277,922 DKK to 1,291,815 DKK in the same period, indicating improving operational efficiency and profitability. The company's equity has also shown a healthy upward trend, reaching 5,102,590 DKK in 2024, which reflects a solid financial foundation. However, the absence of revenue data raises concerns about transparency and overall market performance within the heating equipment manufacturing industry. Overall, TWIN HEAT A/S appears to be well-positioned for future growth, leveraging its strong profit margins and equity position.
AI-generated summary · Generated 16/08/2026
Selskabets formål er produktion og salg af brændselsanlæg og al i forbindelse hermed stående virksomhed.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/05/2024 – 30/04/2025 | 7.7 mio. | 428 t. | 10.9 mio. | 4.5 mio. | 13 | |
| 202401/05/2023 – 30/04/2024 | 9.6 mio. | 1.3 mio. | 11.9 mio. | 5.1 mio. | 15 | |
| 202301/05/2022 – 30/04/2023 | 8.2 mio. | 839 t. | 15.3 mio. | 5.8 mio. | 13 | |
| 202201/05/2021 – 30/04/2022 | 6.2 mio. | 473 t. | 13.1 mio. | 5 mio. | 11 | |
| 202101/05/2020 – 30/04/2021 | 5.2 mio. | 278 t. | 10.8 mio. | 4.5 mio. | 10 | |
| 202001/05/2019 – 30/04/2020 | 5.3 mio. | 12 t. | 10.8 mio. | 4.2 mio. | 13 | |
| 201901/05/2018 – 30/04/2019 | 5.5 mio. | -702 t. | 11.2 mio. | 4.2 mio. | 16 | |
| 201801/05/2017 – 30/04/2018 | 6.4 mio. | 192 t. | 10.8 mio. | 4.9 mio. | 16 | |
| 201701/05/2016 – 30/04/2017 | 7.9 mio. | 1.3 mio. | 9.4 mio. | 6.2 mio. | 14 | |
| 201601/05/2015 – 30/04/2016 | 7 mio. | 619 t. | 9.7 mio. | 5.6 mio. | - | |
| 201501/05/2014 – 30/04/2015 | 8.2 mio. | 1.1 mio. | 10 mio. | 6.3 mio. | - | |
| 201401/05/2013 – 30/04/2014 | 10.1 mio. | 2.6 mio. | 12.6 mio. | 6.6 mio. | - | |
| 201301/05/2012 – 30/04/2013 | 12.7 mio. | 4.8 mio. | 11.9 mio. | 8.5 mio. | - |
Compared to 40 companies in Fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
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Read about the CDS scoreThe CVR number of TWIN HEAT A/S is 27549012.
TWIN HEAT A/S is owned by TWIN HEAT HOLDING A/S.
The management of TWIN HEAT A/S consists of Esben Baag Pedersen.
The board of TWIN HEAT A/S consists of Søren Elkjær Vasegaard, Esben Baag Pedersen and Ingrid Solvej Vasegaard, with Søren Elkjær Vasegaard as chair.
In 2025, TWIN HEAT A/S reported a gross profit of DKK 7,724,676.
TWIN HEAT A/S had 13 employees in 2026 according to the Danish CVR register.
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TWIN HEAT A/S has published its annual report for 2025. Gross profit came to DKK 7,724,676, and the net result was DKK 427,589.
TWIN HEAT A/S has published its annual report for 2024. Gross profit came to DKK 9,609,105, and the net result was DKK 1,291,815.
TWIN HEAT A/S has published its annual report for 2023. Gross profit came to DKK 8,163,733, and the net result was DKK 838,642.
TWIN HEAT A/S has published its annual report for 2022. Gross profit came to DKK 6,181,732, and the net result was DKK 472,637.
TWIN HEAT A/S has published its annual report for 2021. Gross profit came to DKK 5,163,984, and the net result was DKK 277,922.
TWIN HEAT A/S has published its annual report for 2020. Gross profit came to DKK 5,280,532, and the net result was DKK 11,867.
TWIN HEAT A/S has published its annual report for 2019. Gross profit came to DKK 5,483,032, and the net result was DKK -701,886.
TWIN HEAT A/S has published its annual report for 2018. Gross profit came to DKK 6,371,338, and the net result was DKK 191,803.
TWIN HEAT A/S has published its annual report for 2017. Gross profit came to DKK 7,885,154, and the net result was DKK 1,340,617.
TWIN HEAT A/S has published its annual report for 2016. Gross profit came to DKK 6,954,209, and the net result was DKK 619,363.
TWIN HEAT A/S has published its annual report for 2015. Gross profit came to DKK 8,184,534, and the net result was DKK 1,127,827.
TWIN HEAT A/S has published its annual report for 2014. Gross profit came to DKK 10,065,937, and the net result was DKK 2,567,582.
TWIN HEAT A/S has published its annual report for 2013. Gross profit came to DKK 12,662,900, and the net result was DKK 4,782,472.
As of September 24, 2010, Beierholm Godkendt Revisionspartnerselskab has been appointed auditor of TWIN HEAT A/S.
As of September 24, 2010, VICH 2938 A/S has stepped down as auditor of TWIN HEAT A/S.
As of February 2, 2007, TWIN HEAT HOLDING A/S is registered as an owner of TWIN HEAT A/S with an ownership share of 100%.
As of January 31, 2007, VICH 2938 A/S has been appointed auditor of TWIN HEAT A/S.
As of January 31, 2007, 2KRIS Invest ApS has stepped down as auditor of TWIN HEAT A/S.
As of January 31, 2007, Esben Baag Pedersen has joined the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Ingrid Solvej Vasegaard has joined the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Marianne Susanne Kirsten Pedersen has joined the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Søren Elkjær Vasegaard has joined the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Hans Christian Rask Troelsen has left the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Claus Rask Troelsen has left the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Lars Rask Troelsen has left the board of directors of TWIN HEAT A/S.
As of January 31, 2007, Esben Baag Pedersen is registered as director of TWIN HEAT A/S.
As of January 31, 2007, Hans Christian Rask Troelsen has stepped down as adm. dir. of TWIN HEAT A/S.
As of January 2, 2004, 2KRIS Invest ApS has been appointed auditor of TWIN HEAT A/S.
As of January 2, 2004, Hans Christian Rask Troelsen has joined the board of directors of TWIN HEAT A/S.
As of January 2, 2004, Claus Rask Troelsen has joined the board of directors of TWIN HEAT A/S.
As of January 2, 2004, Lars Rask Troelsen has joined the board of directors of TWIN HEAT A/S.
As of January 2, 2004, Hans Christian Rask Troelsen is registered as adm. dir. of TWIN HEAT A/S.
TWIN HEAT A/S was founded on January 2, 2004.
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