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A/S VESTFROST: Financial statements 2020

CVR: 37101117

Source: annual report 2020, Danish Business Authority

01/01/2020 – 31/12/2020

A/S VESTFROST (CVR 37101117) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 445,448,000 and a net result of DKK -6,566,000 compared with DKK -17,764,000 the year before. That is an increase of 20.1% compared with the year before. The profit margin was -1.5%. Equity in the 2020 report amounted to DKK 143,947,000. The solvency ratio was 38.4%. The company had 410 employees in the financial year.

Revenue
DKK 445,448,000
Gross Profit
DKK 95,424,000
Profit/Loss
DKK -6,566,000
Equity
DKK 143,947,000
Total Assets
DKK 375,052,000
Employees
410

Development

YearRevenueGross ProfitProfit/LossEquityEmployees
2020445.4 mio.95.4 mio.-6.6 mio.143.9 mio.410
2019371 mio.81.2 mio.-17.8 mio.162.6 mio.202
2018489.6 mio.151.5 mio.33.2 mio.204.5 mio.216
2017483.7 mio.140.2 mio.24.1 mio.186.9 mio.230
2016431.8 mio.140.2 mio.24.1 mio.177.3 mio.229

Official annual report

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Events in 2020

Lars Christensen joins A/S VESTFROST as adm. dir.Oct 1, 2020

As of October 1, 2020, Lars Christensen is registered as adm. dir. of A/S VESTFROST.

Michael Gejl steps down as adm. dir. of A/S VESTFROSTSep 30, 2020

As of September 30, 2020, Michael Gejl has stepped down as adm. dir. of A/S VESTFROST.

A/S VESTFROST: The 2019 annual report is outMar 13, 2020

A/S VESTFROST has published its annual report for 2019. Revenue came to DKK 371,021,000, and the net result was DKK -17,764,000.

Michael Gejl joins A/S VESTFROST as adm. dir.Feb 20, 2020

As of February 20, 2020, Michael Gejl is registered as adm. dir. of A/S VESTFROST.

Lars Hegelund Knudsen steps down as adm. dir. of A/S VESTFROSTFeb 20, 2020

As of February 20, 2020, Lars Hegelund Knudsen has stepped down as adm. dir. of A/S VESTFROST.

About A/S VESTFROST

A/S VESTFROST is a Danish company of the type Aktieselskab based in Esbjerg Ø, founded in 1963. The company is registered under the industry Fremstilling af klimaanlæg, ikke til husholdningsbrug. The management consists of Kenneth Bo Madsen and Jannie Tholstrup. The board consists of Karoline Amalie Qvirin Kristensen (chair), Knud Andersen, Denis Gasal and Jesper Toft Mathiasen. The company is owned by CLAUS SØRENSENS FOND HOLDING A/S and Alice og Tage Sørensens Fond Holding A/S. The company has 160 employees (2026). In 2025, the company reported revenue of DKK 670,538,000 and a net result of DKK 2,762,000 compared with DKK -35,807,000 the year before. Equity in the 2025 report amounted to DKK 59,093,000.

Source: annual report 2025, Danish Business Authority