Owners, management and financials
CVR: 41038071
DKK 3,024,000
Gross profit
Net result: DKK -20,610,000
LIQTECH HOLDING A/S (100%)
CVR · view owners
David Nørby Foss Kowalczyk
Board: Fei Chen (chair) and 2 members
CVR · view management
Active
Founded 20 December 2019
CVR · view overview
28 employees
Annual report 2025 · average
Director registered: David Nørby Foss Kowalczyk
CVR · 04/04/2025
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LiqTech Ceramics A/S is a Danish company of the type Aktieselskab based in Ballerup, founded in 2019. The company is registered under the industry Fremstilling af andre keramiske produkter til teknisk brug. The management consists of David Nørby Foss Kowalczyk. The board consists of Fei Chen (chair), David Nørby Foss Kowalczyk and Tobias Baldrian Madsen. The company is owned by LIQTECH HOLDING A/S. According to the 2025 annual report, the company had an average of 28 employees. In 2025, the company reported a gross profit of DKK 3,024,000 and a net result of DKK -20,610,000 compared with DKK -22,893,000 the year before. Equity in the 2025 report amounted to DKK 35,321,000.
Source: annual report 2025, Danish Business Authority
The financial health of LiqTech Ceramics A/S shows a concerning trend, with consistent annual losses and fluctuating gross profits over the past five years. Gross profit peaked at 13,252,000 DKK in 2023 but has since declined to 3,024,000 DKK in 2025, while the company reported significant losses, reaching -32,276,097 DKK in 2022. Despite a notable equity position of 35,321,000 DKK in 2025, the persistent negative profit margins raise concerns about sustainability. The company operates in a niche segment of the ceramics industry, but its financial trajectory suggests challenges in achieving profitability and stability moving forward.
AI-generated summary · Generated 15/08/2026
Selskabets formål er at drive industriel forsknings- og fremstillingsvirksomhed samt handel med keramiske elementer og hermed forbunden virksomhed.
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 | 3 mio. | -20.6 mio. | 80.7 mio. | 35.3 mio. | 28 | |
| 202401/01/2024 – 31/12/2024 | 9 mio. | -22.9 mio. | 90 mio. | 55.9 mio. | 37 | |
| 202301/01/2023 – 31/12/2023 | 13.3 mio. | -18.9 mio. | 105.6 mio. | 5.8 mio. | 39 | |
| 202201/01/2022 – 31/12/2022 | -5 mio. | -32.3 mio. | 99.6 mio. | 5.8 mio. | 48 | |
| 202101/01/2021 – 31/12/2021 | 7.3 mio. | -22.1 mio. | 85 mio. | 31 mio. | 46 | |
| 202001/01/2020 – 31/12/2020 | 9.7 mio. | -13.5 mio. | 100.3 mio. | 31.1 mio. | 45 |
Compared to 6 companies in Fremstilling af andre keramiske produkter til teknisk brug
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
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Set up monitoringThe CVR number of LiqTech Ceramics A/S is 41038071.
LiqTech Ceramics A/S is owned by LIQTECH HOLDING A/S.
The management of LiqTech Ceramics A/S consists of David Nørby Foss Kowalczyk.
The board of LiqTech Ceramics A/S consists of Fei Chen, David Nørby Foss Kowalczyk and Tobias Baldrian Madsen, with Fei Chen as chair.
In 2025, LiqTech Ceramics A/S reported a gross profit of DKK 3,024,000.
LiqTech Ceramics A/S had an average of 28 employees in the 2025 financial year according to the annual report.
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LiqTech Ceramics A/S has published its annual report for 2025. Gross profit came to DKK 3,024,000, and the net result was DKK -20,610,000.
LiqTech Ceramics A/S has published its annual report for 2024. Gross profit came to DKK 8,979,000, and the net result was DKK -22,893,000.
As of April 4, 2025, Tobias Baldrian Madsen has joined the board of directors of LiqTech Ceramics A/S.
As of April 4, 2025, David Nørby Foss Kowalczyk has joined the board of directors of LiqTech Ceramics A/S.
As of April 4, 2025, Phillip Massie Price has left the board of directors of LiqTech Ceramics A/S.
As of April 4, 2025, Jacob Christoffer Kops Pedersen has left the board of directors of LiqTech Ceramics A/S.
As of April 4, 2025, David Nørby Foss Kowalczyk is registered as director of LiqTech Ceramics A/S.
As of April 4, 2025, Jacob Christoffer Kops Pedersen has stepped down as director of LiqTech Ceramics A/S.
LiqTech Ceramics A/S has published its annual report for 2023. Gross profit came to DKK 13,252,000, and the net result was DKK -18,903,000.
As of February 27, 2024, Phillip Massie Price has joined the board of directors of LiqTech Ceramics A/S.
As of February 27, 2024, Jacob Christoffer Kops Pedersen has joined the board of directors of LiqTech Ceramics A/S.
As of February 27, 2024, Hans Christian Wenzelsen has left the board of directors of LiqTech Ceramics A/S.
As of February 27, 2024, Simon Seidelin Stadil has left the board of directors of LiqTech Ceramics A/S.
As of February 27, 2024, Jacob Christoffer Kops Pedersen is registered as director of LiqTech Ceramics A/S.
As of February 27, 2024, Hans Christian Wenzelsen has stepped down as director of LiqTech Ceramics A/S.
As of November 7, 2023, EY Godkendt Revisionspartnerselskab has been appointed auditor of LiqTech Ceramics A/S.
As of November 7, 2023, KPMG P/S has stepped down as auditor of LiqTech Ceramics A/S.
As of September 29, 2023, Hans Christian Wenzelsen is registered as director of LiqTech Ceramics A/S.
As of September 29, 2023, Mikael Bo Nielsen has stepped down as director of LiqTech Ceramics A/S.
LiqTech Ceramics A/S has published its annual report for 2022. Gross profit came to DKK -5,038,730, and the net result was DKK -32,276,097.
As of June 15, 2023, Mikael Bo Nielsen is registered as director of LiqTech Ceramics A/S.
As of June 15, 2023, Christian Vogelius has stepped down as director of LiqTech Ceramics A/S.
As of October 19, 2022, Hans Christian Wenzelsen has joined the board of directors of LiqTech Ceramics A/S.
As of October 19, 2022, Fei Chen has joined the board of directors of LiqTech Ceramics A/S.
As of October 19, 2022, Rikke Holgersen Feld has left the board of directors of LiqTech Ceramics A/S.
As of October 19, 2022, Alexander Jon Buehler has left the board of directors of LiqTech Ceramics A/S.
LiqTech Ceramics A/S has published its annual report for 2021. Gross profit came to DKK 7,306,469, and the net result was DKK -22,088,834.
As of May 30, 2022, Alexander Jon Buehler has joined the board of directors of LiqTech Ceramics A/S.
As of May 30, 2022, Sune Mathiesen has left the board of directors of LiqTech Ceramics A/S.
As of May 30, 2022, Claus Toftegaard has left the board of directors of LiqTech Ceramics A/S.
As of May 30, 2022, Christian Vogelius is registered as director of LiqTech Ceramics A/S.
As of May 30, 2022, Simon Seidelin Stadil has stepped down as director of LiqTech Ceramics A/S.
As of December 1, 2021, Simon Seidelin Stadil has joined the board of directors of LiqTech Ceramics A/S.
As of December 1, 2021, Simon Seidelin Stadil is registered as director of LiqTech Ceramics A/S.
As of December 1, 2021, Claus Toftegaard has stepped down as director of LiqTech Ceramics A/S.
LiqTech Ceramics A/S has published its annual report for 2020. Gross profit came to DKK 9,702,971, and the net result was DKK -13,452,836.
As of February 15, 2021, Claus Toftegaard is registered as director of LiqTech Ceramics A/S.
As of February 15, 2021, Karsten Klemens Hansen has stepped down as director of LiqTech Ceramics A/S.
As of October 1, 2020, Karsten Klemens Hansen is registered as director of LiqTech Ceramics A/S.
As of October 1, 2020, Claus Toftegaard has stepped down as director of LiqTech Ceramics A/S.
LiqTech Ceramics A/S has published its interim report for the period December 20, 2019 – December 31, 2019.
As of May 13, 2020, Rikke Holgersen Feld has joined the board of directors of LiqTech Ceramics A/S.
As of May 13, 2020, Paw Juul has left the board of directors of LiqTech Ceramics A/S.
As of December 20, 2019, KPMG P/S has been appointed auditor of LiqTech Ceramics A/S.
As of December 20, 2019, Sune Mathiesen has joined the board of directors of LiqTech Ceramics A/S.
As of December 20, 2019, Claus Toftegaard has joined the board of directors of LiqTech Ceramics A/S.
As of December 20, 2019, Paw Juul has joined the board of directors of LiqTech Ceramics A/S.
As of December 20, 2019, Claus Toftegaard is registered as director of LiqTech Ceramics A/S.
As of December 20, 2019, LIQTECH HOLDING A/S is registered as an owner of LiqTech Ceramics A/S with an ownership share of 100%.
LiqTech Ceramics A/S was founded on December 20, 2019.
