Owners, management and financials
CVR: 29975884
Previous names: STATOIL BIOETHANOL A/S, STATOIL REFINING DENMARK A/S, Equinor Refining Denmark A/S
EUR 3,434,740,000
Revenue
Net result: EUR 11,634,000
Klesch Refining Denmark A/S (100%)
CVR · view owners
Kurt Bjerre
Board: Allan Gary Edward Klesch (chair) and 5 members
CVR · view management
Active
Founded 26 October 2006
CVR · view overview
335 employees
CVR · 2018
Director registered: Kurt Bjerre
CVR · 01/09/2026
View the full event history
Kalundborg Refinery A/S is a Danish company of the type Aktieselskab based in Kalundborg, founded in 2006. The company is registered under the industry Fremstilling af raffinerede mineralolieprodukter og fossile brændstoffer. The company was previously named Equinor Refining Denmark A/S and STATOIL REFINING DENMARK A/S. The management consists of Kurt Bjerre. The board consists of Allan Gary Edward Klesch (chair), Jesus Tamara Velasco, Joseph Zammit Tabona and Juergen Wollschlaeger. The company is owned by Klesch Refining Denmark A/S. The company has 335 employees (2018). In 2025, the company reported revenue of EUR 3,434,740,000 and a net result of EUR 11,634,000 compared with EUR 17,795,000 the year before. Equity in the 2025 report amounted to EUR 360,713,000.
Source: annual report 2025, Danish Business Authority
Kalundborg Refinery A/S exhibits a declining trend in revenue and profitability, with 2025 revenue dropping to €3.43 billion from €4.38 billion in 2023, and profit decreasing to €11.63 million from €85.05 million in the same period. The company has seen a significant reduction in gross profit margins, falling from €410.17 million in 2022 to €125.87 million in 2025, indicating potential operational challenges. Despite a solid equity position of €360.71 million, the declining profits raise concerns about sustainability and competitive positioning within the refined oil products and fossil fuels industry. Overall, while the company remains a notable player in its sector, its financial trajectory suggests the need for strategic adjustments to reverse the downturn.
AI-generated summary · Generated 20/08/2026
Selskabets formål er fremstilling, raffinering, transport af og handel med olie og produkter deraf samt virksomhed, der efter direktionens skøn står i forbindelse hermed, endvidere deltagelse i lignende virksomheder i eller uden for Danmark
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 3.4 mia. EUR | 11.6 mio. EUR | 606.5 mio. EUR | 360.7 mio. EUR | 398 | |
| 202401/01/2024 – 31/12/2024 | 3.8 mia. EUR | 17.8 mio. EUR | 653.5 mio. EUR | 344.1 mio. EUR | 382 | |
| 202301/01/2023 – 31/12/2023 | 4.4 mia. EUR | 85.1 mio. EUR | 599.7 mio. EUR | 286.9 mio. EUR | 382 | |
| 202201/01/2022 – 31/12/2022 | 5.7 mia. EUR | 357.1 mio. EUR | 970.1 mio. EUR | 629.8 mio. EUR | 356 | |
| 202101/01/2021 – 31/12/2021 | 22 mia. | 114.4 mio. | 4.9 mia. | 813.1 mio. | 346 | |
| 202001/01/2020 – 31/12/2020 | 12.4 mia. | -1.6 mia. | 5.7 mia. | 2.9 mia. | 348 | |
| 201901/01/2019 – 31/12/2019 | 20.6 mia. | 557.8 mio. | 7.8 mia. | 4.5 mia. | 338 | |
| 201801/01/2018 – 31/12/2018 | 23 mia. | 836.6 mio. | 5.5 mia. | 3.9 mia. | 339 | |
| 201701/01/2017 – 31/12/2017 | 20.9 mia. | 1 mia. | 6.6 mia. | 3.8 mia. | 329 | |
| 201601/01/2016 – 31/12/2016 | 16 mia. | 345.6 mio. | 6.1 mia. | 4 mia. | 335 | |
| 201501/01/2015 – 31/12/2015 | 19.4 mia. | 1.1 mia. | 5.7 mia. | 3.6 mia. | 362 | |
| 201401/01/2014 – 31/12/2014 | 25.5 mia. | -1.7 mia. | 3.8 mia. | 1.1 mia. | 383 | |
| 201301/01/2013 – 31/12/2013 | 29.6 mia. | -1.6 mia. | 5 mia. | 1.2 mia. | 395 |
Compared to 15 companies in Fremstilling af raffinerede mineralolieprodukter og fossile brændstoffer
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Try company screeningThe CVR number of Kalundborg Refinery A/S is 29975884.
Kalundborg Refinery A/S is owned by Klesch Refining Denmark A/S.
The management of Kalundborg Refinery A/S consists of Kurt Bjerre.
The board of Kalundborg Refinery A/S consists of Allan Gary Edward Klesch, Jesus Tamara Velasco and Joseph Zammit Tabona, with Allan Gary Edward Klesch as chair.
In 2025, Kalundborg Refinery A/S reported revenue of EUR 3,434,740,000.
Kalundborg Refinery A/S had 335 employees in 2018 according to the Danish CVR register.
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Contact info changed: new phone: 59574500 (September 1, 2026).
As of September 1, 2026, Kurt Bjerre is registered as adm. dir. of Kalundborg Refinery A/S.
As of August 31, 2026, Ulrike Vollrath has stepped down as adm. dir. of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2025. Revenue came to DKK 3,434,740,000, and the net result was DKK 11,634,000.
Contact info changed: new phone: 59574500 (February 15, 2026).
As of February 9, 2026, Ulrike Vollrath is registered as adm. dir. of Kalundborg Refinery A/S.
As of February 9, 2026, Claus Navntoft has stepped down as adm. dir. of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2024. Revenue came to DKK 3,752,188,000, and the net result was DKK 17,795,000.
Kalundborg Refinery A/S has published its annual report for 2023. Revenue came to DKK 4,384,793,000, and the net result was DKK 85,052,000.
As of April 1, 2024, Claus Navntoft is registered as adm. dir. of Kalundborg Refinery A/S.
As of April 1, 2024, Wouter Rudolf de Jong has stepped down as adm. dir. of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2022. Revenue came to DKK 5,687,866,000, and the net result was DKK 357,095,000.
As of May 17, 2023, Stephen Edward McCaffrey has stepped down as director of Kalundborg Refinery A/S.
As of November 4, 2022, KPMG P/S has been appointed auditor of Kalundborg Refinery A/S.
As of November 4, 2022, EY Godkendt Revisionspartnerselskab has stepped down as auditor of Kalundborg Refinery A/S.
As of August 24, 2022, Stephen Edward McCaffrey is registered as director of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2021. Revenue came to DKK 21,976,947,000, and the net result was DKK 114,402,000.
As of June 9, 2022, Annette Munch has left the board of directors of Kalundborg Refinery A/S.
On January 1, 2022, the company changed its name from Equinor Refining Denmark A/S to Kalundborg Refinery A/S.
As of December 31, 2021, Joseph Zammit Tabona has joined the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Allan Gary Edward Klesch has joined the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Jesus Tamara Velasco has joined the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Juergen Wollschlaeger has joined the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Jofrid Tone Klokkehaug has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Grete Birgitte Haaland has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Tore Aarreberg has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Ole-Tobias Frich has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Sidsel Lokna has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2021, Wouter Rudolf de Jong is registered as adm. dir. of Kalundborg Refinery A/S.
As of December 31, 2021, Sølvi Storsætter Bjørgum has stepped down as adm. dir. of Kalundborg Refinery A/S.
As of December 31, 2021, Klesch Refining Denmark A/S is registered as an owner of Kalundborg Refinery A/S with an ownership share of 100%.
Kalundborg Refinery A/S has published its annual report for 2020. Revenue came to DKK 12,388,787,000, and the net result was DKK -1,565,311,000.
Kalundborg Refinery A/S has published its annual report for 2019. Revenue came to DKK 20,588,212,000, and the net result was DKK 557,825,000.
As of May 13, 2020, Ole-Tobias Frich has joined the board of directors of Kalundborg Refinery A/S.
As of May 13, 2020, Sidsel Lokna has joined the board of directors of Kalundborg Refinery A/S.
As of May 13, 2020, Giuseppina Ragone has left the board of directors of Kalundborg Refinery A/S.
As of May 13, 2020, Mette Ferkingstad has left the board of directors of Kalundborg Refinery A/S.
As of October 1, 2019, Jofrid Tone Klokkehaug has joined the board of directors of Kalundborg Refinery A/S.
As of October 1, 2019, Sølvi Storsætter Bjørgum is registered as adm. dir. of Kalundborg Refinery A/S.
As of October 1, 2019, Jofrid Tone Klokkehaug has stepped down as adm. dir. of Kalundborg Refinery A/S.
As of September 30, 2019, Michael John Adam Serink has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2018. Revenue came to DKK 23,007,458,000, and the net result was DKK 836,595,000.
As of May 3, 2019, EY Godkendt Revisionspartnerselskab has been appointed auditor of Kalundborg Refinery A/S.
As of May 3, 2019, KPMG P/S has stepped down as auditor of Kalundborg Refinery A/S.
As of April 1, 2019, Giuseppina Ragone has joined the board of directors of Kalundborg Refinery A/S.
As of April 1, 2019, Tore Aarreberg has joined the board of directors of Kalundborg Refinery A/S.
As of April 1, 2019, Torben Haurum has left the board of directors of Kalundborg Refinery A/S.
As of March 31, 2019, Giuseppina Ragone has left the board of directors of Kalundborg Refinery A/S.
As of August 29, 2018, Mette Ferkingstad has joined the board of directors of Kalundborg Refinery A/S.
As of August 29, 2018, Grete Birgitte Haaland has joined the board of directors of Kalundborg Refinery A/S.
As of August 29, 2018, Lars Rosenløv Jensen has left the board of directors of Kalundborg Refinery A/S.
As of August 29, 2018, Hanne Smedvig has left the board of directors of Kalundborg Refinery A/S.
As of June 22, 2018, Niels Bech has joined the board of directors of Kalundborg Refinery A/S.
As of June 22, 2018, Bjarne Grothe has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2017. Revenue came to DKK 20,910,231,000, and the net result was DKK 1,014,631,000.
On May 24, 2018, the company changed its name from STATOIL REFINING DENMARK A/S to Equinor Refining Denmark A/S.
As of May 16, 2018, Michael John Adam Serink has joined the board of directors of Kalundborg Refinery A/S.
As of May 16, 2018, Giuseppina Ragone has joined the board of directors of Kalundborg Refinery A/S.
As of May 16, 2018, Børje Eikemo has left the board of directors of Kalundborg Refinery A/S.
As of May 16, 2018, Svein Harald Storli has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2016. Revenue came to DKK 15,977,883,000, and the net result was DKK 345,568,000.
As of January 12, 2017, Hanne Smedvig has joined the board of directors of Kalundborg Refinery A/S.
As of January 12, 2017, Lars Johan Mølster has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2015. Revenue came to DKK 19,446,997,000, and the net result was DKK 1,109,298,000.
As of May 11, 2016, Svein Harald Storli has joined the board of directors of Kalundborg Refinery A/S.
As of May 11, 2016, Lars Johan Mølster has joined the board of directors of Kalundborg Refinery A/S.
As of May 11, 2016, Olav Risa has left the board of directors of Kalundborg Refinery A/S.
As of December 31, 2015, Lars Thorstholm has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2014. Revenue came to DKK 25,500,736,000, and the net result was DKK -1,712,075,000.
As of July 2, 2014, KPMG P/S has been appointed auditor of Kalundborg Refinery A/S.
As of July 2, 2014, EY Godkendt Revisionspartnerselskab has stepped down as auditor of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2013. Revenue came to DKK 29,570,974,000, and the net result was DKK -1,562,770,000.
As of May 15, 2014, Jofrid Tone Klokkehaug is registered as adm. dir. of Kalundborg Refinery A/S.
As of May 15, 2014, Rasmus Finnerup Wille has stepped down as adm. dir. of Kalundborg Refinery A/S.
As of May 7, 2014, Lars Thorstholm has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Torben Haurum has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Bjarne Grothe has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Lars Rosenløv Jensen has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Olav Risa has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Børje Eikemo has joined the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Mogens Damm has left the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Bent Rune Solheim has left the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, Olav Leivestad has left the board of directors of Kalundborg Refinery A/S.
As of May 7, 2014, John Høines has left the board of directors of Kalundborg Refinery A/S.
Kalundborg Refinery A/S has published its annual report for 2012.
As of February 4, 2013, Eva Nygård has left the board of directors of Kalundborg Refinery A/S.
As of November 13, 2012, Eva Nygård has joined the board of directors of Kalundborg Refinery A/S.
As of November 13, 2012, Kjetil Ohm has left the board of directors of Kalundborg Refinery A/S.
As of May 21, 2012, EY Godkendt Revisionspartnerselskab has been appointed auditor of Kalundborg Refinery A/S.
As of May 21, 2012, EY Danmark A/S has stepped down as auditor of Kalundborg Refinery A/S.
As of September 23, 2011, Kjetil Ohm has joined the board of directors of Kalundborg Refinery A/S.
As of September 23, 2011, Arne Sigve Nylund has left the board of directors of Kalundborg Refinery A/S.
As of May 30, 2011, Mikkel Pagh has joined the board of directors of Kalundborg Refinery A/S.
As of May 30, 2011, Mogens Damm has joined the board of directors of Kalundborg Refinery A/S.
As of April 7, 2011, John Høines has joined the board of directors of Kalundborg Refinery A/S.
As of April 7, 2011, John Berg has left the board of directors of Kalundborg Refinery A/S.
As of January 1, 2011, Rasmus Finnerup Wille is registered as adm. dir. of Kalundborg Refinery A/S.
As of January 1, 2011, Stig-Roar Olsen has stepped down as director of Kalundborg Refinery A/S.
As of October 1, 2010, Annette Munch has joined the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Arne Sigve Nylund has joined the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Bent Rune Solheim has joined the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Olav Leivestad has joined the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Sven-Ole Toft has left the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Stig-Roar Olsen has left the board of directors of Kalundborg Refinery A/S.
As of August 10, 2010, Bo Steen Madsen has left the board of directors of Kalundborg Refinery A/S.
As of July 8, 2010, Stig-Roar Olsen has joined the board of directors of Kalundborg Refinery A/S.
As of July 8, 2010, Bo Steen Madsen has joined the board of directors of Kalundborg Refinery A/S.
As of July 8, 2010, Stig-Roar Olsen is registered as director of Kalundborg Refinery A/S.
As of July 8, 2010, Bo Steen Madsen has stepped down as director of Kalundborg Refinery A/S.
On July 8, 2010, the company changed its name from STATOIL BIOETHANOL A/S to STATOIL REFINING DENMARK A/S.
As of May 23, 2008, John Berg has joined the board of directors of Kalundborg Refinery A/S.
As of May 23, 2008, Lars Rosenløv Jensen has left the board of directors of Kalundborg Refinery A/S.
As of October 26, 2006, EY Danmark A/S has been appointed auditor of Kalundborg Refinery A/S.
As of October 26, 2006, Sven-Ole Toft has joined the board of directors of Kalundborg Refinery A/S.
As of October 26, 2006, Lars Rosenløv Jensen has joined the board of directors of Kalundborg Refinery A/S.
As of October 26, 2006, Bo Steen Madsen is registered as director of Kalundborg Refinery A/S.
Kalundborg Refinery A/S was founded on October 26, 2006.
2 news items and press releases
Sources: Via Ritzau and Danish news media. Links open at the source.
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