North Propulsion ApS: Financial statements 2025
CVR: 43802194
Source: annual report 2025, Danish Business Authority
01/01/2025 – 31/12/2025
North Propulsion ApS (CVR 43802194) has filed annual accounts for 2025. 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. That is an increase of 75% compared with the year before. Equity in the 2025 report amounted to DKK 24,688,472. The solvency ratio was 95.5%. The company had 4 employees in the financial year.
- Gross Profit
- DKK 3,837,555
- Profit/Loss
- DKK 2,090,423
- Equity
- DKK 24,688,472
- Total Assets
- DKK 25,850,358
- Employees
- 4
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2025 | - | 3.8 mio. | 2.1 mio. | 24.7 mio. | 4 |
| 2024 | - | 2.2 mio. | 862 t. | 1.1 mio. | 3 |
| 2023 | - | 170 t. | 163 t. | 203 t. | 0 |
Official annual report
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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.
About North Propulsion ApS
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.