CVR: 31752469
Secondary names: Modulhuset A/S, Bad Element A/S
Previous names: BAD ELEMENT ApS, BAD ELEMENT A/S
DKK 431,631,000
Revenue
Net result: DKK -15,634,000
Baldo Acquisition ApS
CVR · view ownership and management
Director role ended: Stefan Andreas Walter Happak
CVR · 24/02/2026
View the full event history
BADELEMENT A/S is a Danish company of the type Aktieselskab based in Horsens, founded in 2008. The company is registered under the industry Engroshandel med træ og byggematerialer samt sanitetsartikler. The company was previously named BAD ELEMENT A/S and BAD ELEMENT ApS. The management consists of Henning Aabo Jørgensen, Hans Henrik Nielsen and Nicolai Bloch Tobiesen. The company is owned by Baldo Acquisition ApS. The company has 47 employees (2018). In 2025, the company reported revenue of DKK 431,631,000 and a net result of DKK -15,634,000 compared with DKK -24,941,000 the year before. Equity in the 2025 report amounted to DKK 31,648,000.
Source: annual report 2025, Danish Business Authority
The financial health of BADELEMENT A/S appears to be declining, with a notable shift from profitability in 2021 to consistent losses over the following years. Revenue peaked at 450 million DKK in 2021 but has since decreased to 431 million DKK in 2025, indicating a downward trend. The company's equity has also diminished from 54 million DKK in 2021 to 31 million DKK in 2025, raising concerns about its financial stability. While operating in the wholesale trade of wood and building materials, the company faces challenges in maintaining profitability and managing its equity effectively amidst increasing operational losses.
AI-generated summary · Generated 03/07/2026
Selskabets formål er at udøve handelsvirksomhed, herunder import og eksport samt anden hermed beslægtet virksomhed.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 431.6 mio. | -15.6 mio. | 185 mio. | 31.6 mio. | 53 | |
| 202401/01/2024 – 31/12/2024 | 298.8 mio. | -24.9 mio. | 144.2 mio. | 45.7 mio. | 50 | |
| 202301/01/2023 – 31/12/2023 | 317.9 mio. | -6.9 mio. | 136.6 mio. | 33.9 mio. | 50 | |
| 202201/01/2022 – 31/12/2022 | 350.7 mio. | -21.6 mio. | 124.8 mio. | 39.3 mio. | 52 | |
| 202101/01/2021 – 31/12/2021 | 450.1 mio. | 13.4 mio. | 145.5 mio. | 54.3 mio. | 51 | |
| 202001/01/2020 – 31/12/2020 | 436.9 mio. | 21 mio. | 157.3 mio. | 63.2 mio. | 47 | |
| 201901/01/2019 – 31/12/2019 | 465.6 mio. | 25.7 mio. | 159.2 mio. | 69.7 mio. | 38 | |
| 201801/01/2018 – 31/12/2018 | - | 17.3 mio. | 176 mio. | 61 mio. | 22 | |
| 201701/01/2017 – 31/12/2017 | - | 35.1 mio. | 141.5 mio. | 63.1 mio. | 13 | |
| 201601/01/2016 – 31/12/2016 | - | 33.7 mio. | 123.2 mio. | 43.3 mio. | 11 | |
| 201501/01/2015 – 31/12/2015 | - | 17.4 mio. | 111.1 mio. | 34.4 mio. | 0 | |
| 201401/01/2014 – 31/12/2014 | - | 6.8 mio. | 48.8 mio. | 21.5 mio. | - | |
| 201301/01/2013 – 31/12/2013 | - | 11.1 mio. | 42.1 mio. | 23.7 mio. | - | |
| 201201/01/2012 – 31/12/2012 | - | 6.7 mio. | 32.7 mio. | 12.4 mio. | - |
Compared to 749 companies in Engroshandel med træ og byggematerialer samt sanitetsartikler
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
3 public tenders won
Sources: TED (the EU tender database) and udbud.dk
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Try company screeningBADELEMENT A/S was founded on 9 September 2008.
BADELEMENT A/S is registered under the industry Engroshandel med træ og byggematerialer samt sanitetsartikler (industry code 468300).
BADELEMENT A/S had 47 employees in 2018 according to the Danish CVR register.
BADELEMENT A/S is owned by Baldo Acquisition ApS.
In 2025, BADELEMENT A/S reported revenue of DKK 431,631,000.
The management of BADELEMENT A/S consists of Henning Aabo Jørgensen, Hans Henrik Nielsen and Nicolai Bloch Tobiesen.
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As of September 1, 2026, Cedra Godkendt Revisionsaktieselskab has been appointed auditor of BADELEMENT A/S.
As of September 1, 2026, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of BADELEMENT A/S.
BADELEMENT A/S has published its annual report for 2025. Revenue came to DKK 431,631,000, and the net result was DKK -15,634,000.
As of February 24, 2026, Joachim Horst Scholz is registered as member of BADELEMENT A/S.
As of February 24, 2026, Bernd Strack is registered as member of BADELEMENT A/S.
As of February 24, 2026, Stefan Andreas Walter Happak has stepped down as member of BADELEMENT A/S.
As of February 24, 2026, Wolfgang Ziegler has stepped down as member of BADELEMENT A/S.
BADELEMENT A/S has won the tender "Viby Bakke, Opførelse af almene boliger - Udbud af fagentrepriser, Nordstern" issued by Nordstern ApS worth 40,779,013 DKK.
BADELEMENT A/S has published its annual report for 2024. Revenue came to DKK 298,790,000, and the net result was DKK -24,941,000.
BADELEMENT A/S has published its annual report for 2023. Revenue came to DKK 317,885,000, and the net result was DKK -6,910,000.
BADELEMENT A/S has won the tender "Banebo - Fagentrepriseudbud" issued by AG Construction A/S for Samvirkende Boligselskaber, SAB, eller ordre worth 69,429,325 DKK.
BADELEMENT A/S has won the tender "Sydhavnsgade Plejecenter - Fagentrepriseudbud - Udbud II" issued by AG Construction A/S for Køhlers Have ApS eller ordre worth 47,317,083 DKK.
BADELEMENT A/S has published its annual report for 2022. Revenue came to DKK 350,659,000, and the net result was DKK -21,574,000.
As of June 30, 2023, Nicolai Bloch Tobiesen is registered as member of BADELEMENT A/S.
As of June 30, 2023, Peter Schulz has stepped down as member of BADELEMENT A/S.
BADELEMENT A/S has published its annual report for 2021. Revenue came to DKK 450,063,000, and the net result was DKK 13,393,000.
BADELEMENT A/S has published its annual report for 2020. Revenue came to DKK 436,888,000, and the net result was DKK 21,030,000.
As of January 31, 2021, Lise Jørgensen has stepped down as director of BADELEMENT A/S.
As of January 30, 2021, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of BADELEMENT A/S.
As of January 30, 2021, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of BADELEMENT A/S.
BADELEMENT A/S has published its annual report for 2019. Revenue came to DKK 465,635,000, and the net result was DKK 25,658,000.
As of September 1, 2019, Hans Henrik Nielsen is registered as adm. dir. of BADELEMENT A/S.
As of April 30, 2019, Jesper Langberg has stepped down as adm. dir. of BADELEMENT A/S.
BADELEMENT A/S has published its annual report for 2018. Gross profit came to DKK 35,189,000, and the net result was DKK 17,270,000.
On December 7, 2018, the company changed its name from BAD ELEMENT A/S to BADELEMENT A/S.
As of June 1, 2018, Jesper Langberg is registered as adm. dir. of BADELEMENT A/S.
BADELEMENT A/S has published its annual report for 2017. Gross profit came to DKK 57,946,000, and the net result was DKK 35,127,000.
As of September 22, 2017, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of BADELEMENT A/S.
As of September 22, 2017, EY Godkendt Revisionspartnerselskab has stepped down as auditor of BADELEMENT A/S.
As of August 12, 2017, Stefan Andreas Walter Happak is registered as member of BADELEMENT A/S.
On August 12, 2017, the company changed its name from BAD ELEMENT ApS to BAD ELEMENT A/S.
As of June 6, 2017, Wolfgang Ziegler is registered as member of BADELEMENT A/S.
As of June 6, 2017, Peter Schulz is registered as member of BADELEMENT A/S.
As of June 1, 2017, Baldo Acquisition ApS is registered as an owner of BADELEMENT A/S with an ownership share of 100%.
BADELEMENT A/S has published its annual report for 2016. Gross profit came to DKK 48,552,427, and the net result was DKK 33,702,594.
BADELEMENT A/S has published its annual report for 2015. The net result was DKK 17,359,962.
BADELEMENT A/S has published its annual report for 2014. Gross profit came to DKK 15,358,217, and the net result was DKK 6,818,389.
BADELEMENT A/S has published its annual report for 2013. Gross profit came to DKK 19,386,097, and the net result was DKK 11,131,485.
BADELEMENT A/S has published its annual report for 2012. Gross profit came to DKK 14,312,641, and the net result was DKK 6,718,107.
As of January 14, 2013, Johan Dein Ladegaard has left the board of directors of BADELEMENT A/S.
As of January 14, 2013, Lise Jørgensen has left the board of directors of BADELEMENT A/S.
As of January 14, 2013, Henning Aabo Jørgensen has left the board of directors of BADELEMENT A/S.
As of January 14, 2013, Henning Aabo Jørgensen is registered as director of BADELEMENT A/S.
As of March 14, 2012, Henning Aabo Jørgensen has joined the board of directors of BADELEMENT A/S.
As of March 14, 2012, Finn Nielsen has left the board of directors of BADELEMENT A/S.
As of January 1, 2012, EY Godkendt Revisionspartnerselskab has been appointed auditor of BADELEMENT A/S.
As of January 1, 2012, QURIOS, STATSAUTORISERET REVISIONSANPARTSSELSKAB P/S UNDER STIFTELSE has stepped down as auditor of BADELEMENT A/S.
As of September 9, 2008, QURIOS, STATSAUTORISERET REVISIONSANPARTSSELSKAB P/S UNDER STIFTELSE has been appointed auditor of BADELEMENT A/S.
As of September 9, 2008, Johan Dein Ladegaard has joined the board of directors of BADELEMENT A/S.
As of September 9, 2008, Lise Jørgensen has joined the board of directors of BADELEMENT A/S.
As of September 9, 2008, Finn Nielsen has joined the board of directors of BADELEMENT A/S.
As of September 9, 2008, Lise Jørgensen is registered as director of BADELEMENT A/S.
BADELEMENT A/S was founded on September 9, 2008.
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