Frey A/S (CVR 40101772) Company Profile

Ownership

Fully Liable Partners

No current partner is registered.

Fully liable participants (fuldt ansvarlige deltagere) in CVR: liable for the company's debts without limit.

Former (2)

REDERIAKTIESELSKABET KULING
CVR 4980101730 Jun 2023 to 19 Apr 2024
Frey GP ApS
CVR 4008504113 Dec 2018 to 30 Jun 2023

Owners

MAERSK A/S
CVR 3234579490% to under 100% of capital and votessince 13 Dec 2018

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (1)

DANSKE COMMODITIES A/S
CVR 2811395150% to under 66.7% of capital and votes13 Dec 2018 to 17 Feb 2020

Control Chain

Ultimate controller
A.P. MØLLER OG HUSTRU CHASTINE MC-KINNEY MØLLERS FOND TIL ALMENE FORMAAL
CVR 11666779Commercial foundation (Erhvervsdrivende fond)
Holds 100% of capital and votes in A.P. MØLLER HOLDING A/S, since 2 Mar 2015
Capital100%
Votes100%
Holding company
A.P. MØLLER HOLDING A/S
CVR 25679288Public limited company (A/S)
Holds 33.3% to under 50% of capital and 50% to under 66.7% of votes in A.P. MØLLER - MÆRSK A/S, since 20 Dec 2013
Capital33.3% to under 50%
Votes50% to under 66.7%
Holding company
A.P. MØLLER - MÆRSK A/S
CVR 22756214Public limited company (A/S)
Holds 100% of capital and votes in MAERSK A/S, since 1 Feb 2015
Capital100%
Votes100%
Holding company
MAERSK A/S
CVR 32345794Public limited company (A/S)
Holds 90% to under 100% of capital and votes in Frey A/S, since 13 Dec 2018
Capital90% to under 100%
Votes90% to under 100%
This company
Frey A/S
CVR 40101772

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 1 Nov 2026.

People

Current (6)

Jeff Løcke LaursenExecutive board since 13 Dec 2018
Jørgen BalleBoard of directors since 13 Dec 2018
Jens-Jacob Thuun AarupBoard of directors since 13 Sep 2021
Tommy Gade JensenBoard of directors since 13 Dec 2018
Liezel du ToitBoard of directors since 17 Jan 2023
Christian Jensen-GaardBoard of directors since 5 Sep 2023

Founders (2)

DANSKE COMMODITIES A/SFounded 13 Dec 2018
MAERSK A/SFounded 13 Dec 2018, holds a current role

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (7)

Klaus Damkier MortensenExecutive board 13 Dec 2018 to 31 Aug 2020
Henrik LindBoard of directors 13 Dec 2018 to 29 Apr 2021
Johan Erik Isbrandt SigsgaardBoard of directors 9 Feb 2021 to 17 Jan 2023
Sune StillingBoard of directors 13 Dec 2018 to 29 Apr 2021
Peter Hove HildebrandtBoard of directors 13 Dec 2018 to 9 Feb 2021
Philip Christian AdrianBoard of directors 29 Apr 2021 to 24 Nov 2021
Sonia Filipa Vilela FerreiraBoard of directors 22 Feb 2022 to 17 Mar 2023

Network

Roles Over Time

Jeff Løcke Laursen: Executive board, 13 Dec 2018 to today; Board of directors, 29 Apr 2021 to 5 Sep 2023.
Jørgen Balle: Board of directors, 13 Dec 2018 to today.
Tommy Gade Jensen: Board of directors, 13 Dec 2018 to today.
Jens-Jacob Thuun Aarup: Board of directors, 13 Sep 2021 to today.
Liezel du Toit: Board of directors, 17 Jan 2023 to today.
Christian Jensen-Gaard: Board of directors, 5 Sep 2023 to today.

13 Dec 2018 to 1 Nov 2026.

Former (7)

Sonia Filipa Vilela Ferreira: Board of directors, 22 Feb 2022 to 17 Mar 2023.
Johan Erik Isbrandt Sigsgaard: Board of directors, 9 Feb 2021 to 17 Jan 2023.
Philip Christian Adrian: Board of directors, 29 Apr 2021 to 24 Nov 2021.
Henrik Lind: Board of directors, 13 Dec 2018 to 29 Apr 2021.
Sune Stilling: Board of directors, 13 Dec 2018 to 29 Apr 2021.
Peter Hove Hildebrandt: Board of directors, 13 Dec 2018 to 9 Feb 2021.
Klaus Damkier Mortensen: Executive board, 13 Dec 2018 to 31 Aug 2020.

13 Dec 2018 to 1 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Financials

Annual report figures by year, USD thousands
Metric	2021	2022	2023	2024	2025
Revenue	Not reported	248,063	324,091	410,477	467,361
Gross profit	2,270	7,284	6,935	5,886	Not reported
Operating profit	+142	+3,373	+2,796	+351	+2,838
Result for the year	-380	+3,146	+3,489	-72	+1,869
Equity	2,809	40,829	44,410	44,763	44,890
Total assets	33,387	59,408	80,435	91,374	100,093
Employees (average)	15	25	33	46	51
Credit metrics (Dandex calculations)
Revenue growth (omsætningsvækst)	Not reported	135.7%	30.7%	26.7%	13.9%
EBIT margin (overskudsgrad)	Not reported	1.4%	0.9%	0.1%	0.6%
EBITDA	Not reported^{note 1}	Not reported^{note 1}	Not reported^{note 1}	374	2,955
EBITDA margin	Not reported	Not reported^{note 1}	Not reported^{note 1}	0.1%	0.6%
Employee growth (vækst i antal ansatte)	25%	66.7%	32%	39.4%	10.9%
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-2,699^{note 2}	-10,520^{note 2}	-3,231^{note 2}	-8,795^{note 2}	-3,449^{note 2}
Gearing, NIBD / EBITDA	Not reported^{note 1}	Not reported^{note 1}	Not reported^{note 1}	Net cash^{note 2}	Net cash^{note 2}
ROIC (afkast af investeret kapital)	n.m.^{note 3}	17.3%^{note 4}	6.1%^{note 4}	0.7%^{note 5}	5.7%^{note 2}
Capex (investeringer i anlægsaktiver)	0^{note 6}	0^{note 6}	0^{note 6}	0^{note 6}	1,171^{note 7}
Capex % of sales (investeringer i procent af omsætningen)	Not reported	0%^{note 6}	0%^{note 6}	0%^{note 6}	0.3%^{note 7}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-2,699^{note 2}	-11,231^{note 2}	13,299^{note 2}	10,227^{note 2}	-4,295^{note 2}

USD thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages and gearing a multiple. Definitions. No cash flow statement: included in the group's (ÅRL § 86, stk. 4).

1 no depreciation line filed
2 no interest-bearing debt reported
3 n.m.: invested capital not positive
4 Dandex estimate: statutory 22% used: no profit before tax filed; no interest-bearing debt reported
5 Dandex estimate: statutory 22% used: effective rate outside 0 to 40%; no interest-bearing debt reported
6 tangible assets only
7 Dandex estimate: capex from the balance sheet change plus D&A

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 28 Apr 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 1 May 2025
PDF XHTML
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 8 May 2024
PDF XHTML
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 6 Jun 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 31 May 2022
PDF

Financials

Changes

Dandex has recorded no changes to this company since it began following the register.

Registration

Address: Værkmestergade 25
8000 Aarhus C
Aarhus Municipality
CVR record last changed: 15 Oct 2026
Data read: 1 Nov 2026

Production Units

1 registered in CVR.

Frey A/S
P-number 1024225409Værkmestergade 25, 8000 Aarhus C

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Financials

Changes

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Fully Liable Partners

Owners

Control Chain

People

Current (6)

Founders (2)

Network

Roles Over Time

Network

Financials

Annual Reports

Financials

Changes

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Fully Liable Partners

Owners

Control Chain

Current (6)

Founders (2)

Network

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Production Units

Network

Its people and their other companies