Owners, management and financials
CVR: 43802194
Previous names: North European Space Company ApS
DKK 3,837,555
Gross profit
Net result: DKK 2,090,423
Pedersen Heavy Industries ApS (25-33,32%), byFounders VC Fund III K/S (15-19,99%)
3 more
CVR · view owners
Rasmus Arnt Pedersen
Board: Niels Buus (chair) and 3 members
CVR · view management
Active
Founded 24 January 2023
CVR · view overview
5 employees
CVR · 2026
Owner registered: Pedersen Heavy Industries ApS
CVR · 18/12/2025
View the full event history
North Propulsion ApS is a Danish company of the type Anpartsselskab based in Kongens Lyngby, founded in 2023. The company is registered under the industry Fremstilling af civile luft- og rumfartøjer o.lign.. The company was previously named North European Space Company ApS. The management consists of Rasmus Arnt Pedersen. The board consists of Niels Buus (chair), Eric Lagier, Ola Sten Baksaas and Rasmus Arnt Pedersen. The company's owners include Pedersen Heavy Industries ApS, byFounders VC Fund III K/S and BKG Holding ApS. The company has 5 employees (2026). In 2025, the company reported a gross profit of DKK 3,837,555 and a net result of DKK 2,090,423 compared with DKK 862,057 the year before. Equity in the 2025 report amounted to DKK 24,688,472.
Source: annual report 2025, Danish Business Authority
The financial health of North Propulsion ApS appears to be improving since its inception in 2023, with gross profit rising from 170,212 DKK in 2023 to 3,837,555 DKK in 2025, indicating strong growth potential. Profitability has also increased significantly, with profits climbing from 162,523 DKK in 2023 to 2,090,423 DKK in 2025. The company's equity position has strengthened remarkably, reaching 24,688,472 DKK by 2025, suggesting a solid foundation for future investments. However, the absence of disclosed revenue figures raises concerns about the company's market traction and overall size within the civil aerospace manufacturing industry.
AI-generated summary · Generated 15/08/2026
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
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 | 3.8M | 2.1M | 25.9M | 24.7M | 4 | |
| 202401/01/2024 – 31/12/2024 | 2.2M | 862K | 2.4M | 1.1M | 3 | |
| 202324/01/2023 – 31/12/2023 | 170K | 163K | 233K | 203K | 0 |
Compared to 29 companies in Fremstilling af civile luft- og rumfartøjer o.lign.
Comparison is based on industry median values
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Try company screeningThe CVR number of North Propulsion ApS is 43802194.
The owners of North Propulsion ApS include Pedersen Heavy Industries ApS, byFounders VC Fund III K/S and BKG Holding ApS.
The management of North Propulsion ApS consists of Rasmus Arnt Pedersen.
The board of North Propulsion ApS consists of Niels Buus, Eric Lagier and Ola Sten Baksaas, with Niels Buus as chair.
In 2025, North Propulsion ApS reported a gross profit of DKK 3,837,555.
North Propulsion ApS had 5 employees in 2026 according to the Danish CVR register.
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Contact info changed: new website: northpropulsion.com (May 21, 2026).
North Propulsion ApS has published its annual report for 2025. Gross profit came to DKK 3,837,555, and the net result was DKK 2,090,423.
Contact info changed: new website: northpropulsion.com (April 1, 2026).
Contact info changed: new website: northpropulsion.com (March 18, 2026).
As of March 17, 2026, Niels Buus has joined the board of directors of North Propulsion ApS.
As of March 17, 2026, Rasmus Arnt Pedersen has joined the board of directors of North Propulsion ApS.
As of March 16, 2026, Rasmus Arnt Pedersen has left the board of directors of North Propulsion ApS.
As of December 18, 2025, Pedersen Heavy Industries ApS is registered as an owner of North Propulsion ApS with an ownership share of 25%.
As of December 18, 2025, byFounders VC Fund III K/S is registered as an owner of North Propulsion ApS with an ownership share of 15%.
As of December 18, 2025, BKG Holding ApS is registered as an owner of North Propulsion ApS with an ownership share of 5%.
As of December 18, 2025, Acien ApS is registered as an owner of North Propulsion ApS with an ownership share of 5%.
As of December 18, 2025, is registered as an owner of North Propulsion ApS with an ownership share of 25%.
As of December 8, 2025, Grant Thornton, Godkendt Revisionspartnerselskab has been appointed auditor of North Propulsion ApS.
As of December 8, 2025, Eric Lagier has joined the board of directors of North Propulsion ApS.
As of December 8, 2025, Rasmus Arnt Pedersen has joined the board of directors of North Propulsion ApS.
As of December 8, 2025, Ola Sten Baksaas has joined the board of directors of North Propulsion ApS.
North Propulsion ApS has published its annual report for 2024. Gross profit came to DKK 2,193,111, and the net result was DKK 862,057.
North Propulsion ApS has published its annual report for 2023. Gross profit came to DKK 170,212, and the net result was DKK 162,523.
On June 23, 2023, the company changed its name from North European Space Company ApS to North Propulsion ApS.
As of January 24, 2023, Rasmus Arnt Pedersen is registered as director of North Propulsion ApS.
North Propulsion ApS was founded on January 24, 2023.
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