INOR HOLDING ApS (CVR 77209611) company profile

Ownership

Inor Invest ApS
CVR 4112674420% to under 25% of capital and votessince 31 Jan 2020
Inor Holding II ApS
CVR 4212007366.7% to under 90% of capital and votessince 11 Feb 2021

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

Former owners (2)

Svend Sørensen
66.7% to under 90% of capital and votesnotified 11 Feb 202129 Jun 2009 to 11 Feb 2021
Marie Ørum Maagaard
20% to under 25% of capital and votes29 Jun 2009 to 11 Feb 2021

Control chain

Ultimate controller
Svend Sørensen
Holds 50% to under 66.7% of capital and votes in Inor Holding II ApS, since 11 Feb 2021
Capital50% to under 66.7%
Votes50% to under 66.7%
Holding company
Inor Holding II ApS
CVR 42120073Private limited company (ApS)
Holds 66.7% to under 90% of capital and votes in INOR HOLDING ApS, since 11 Feb 2021
Capital66.7% to under 90%
Votes66.7% to under 90%
This company
INOR HOLDING ApS
CVR 77209611

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 13 Nov 2026.

Owned companies

4 Danish companies, which own 4 more one level down.

INOR ApS
SubsidiaryCVR 32268900100% of capital and votes
- INOR Carlsens ApS
  SubsidiaryCVR 43806572100% of capital and votes
- INOR Havnebakken ApS
  SubsidiaryCVR 43806599100% of capital and votes
- K/S OBTON SOLENERGI OLIVE
  CVR 3618470110% to under 15% of capital and votes
- OBTON SOLENERGI OLIVE KOMPLEMENTARANPARTSSELSKAB
  CVR 3604054810% to under 15% of capital and votes
Stige II ApS
CVR 4252720320% to under 25% of capital and votes
Odinsparken ApS
CVR 3234136510% to under 15% of capital and votes
LÆSØ PAKKEREJSER ApS
CVR 318548655% to under 10% of capital and votes

Found by searching the CVR owner register (ejerregister) for INOR HOLDING ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Former holdings (7)

SPI - Stige ApS
CVR 4125074720% to under 25% of capital and votes14 Apr 2023 to 17 Dec 2024
SPI - Ringsted ApS
CVR 4243195810% to under 15% of capital and votes28 Sep 2021 to 11 Oct 2022
BONUS INVEST A/S
CVR 340934745% to under 10% of capital and votes30 Jun 2017 to 10 Nov 2020
JENDAL FINANS ApS
CVR 2649050210% to under 15% of capital and votes12 Sep 2011 to 1 Jun 2018
THERMIT ApS
CVR 310639145% to under 10% of capital and votes12 Sep 2011 to 1 Jun 2018
TMJ Ejendomme ApS
CVR 3522513750% to under 66.7% of capital and votes30 Mar 2013 to 31 Aug 2017
Jacob Lundal Entreprise ApS
CVR 3698037050% to under 66.7% of capital and votes30 Apr 2017 to 30 Apr 2017

Subsidiaries (datterselskaber): Pro: Subsidiaries (datterselskaber) is in the Pro plan, see pricingThe Danish companies it controls, followed down through their own subsidiaries.

Dandex estimates

Legal ownership resolution (ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 1 company; legal owners in the CVR owner register only. Dandex estimate, rule v3, computed 13 Nov 2026.
Control tenure (ejerskabsperiode): Pro: Control tenure (ejerskabsperiode) is in the Pro plan, see pricingHow long the current ultimate controller has held control, from the CVR owner register.
Group position (koncernforhold): Has a parent, and a majority holding in one or more Danish companiesControlled by a company in CVR; it holds 50% or more of 1 Danish company. Dandex estimate, rule v2, computed 13 Nov 2026.
Holding company assets (holdingselskabets aktiver): Pro: Holding company assets (holdingselskabets aktiver) is in the Pro plan, see pricingFor a holding company, the kind of asset that makes up half its balance sheet or more.
Signing authority, structured (tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 13 Nov 2026.
EU SME size class (SMV-kategori): Not determinedThe 2026 figures fit more than one class: revenue or the balance sheet total that would decide is not filed. Dandex estimate, rule v2, computed 13 Nov 2026.
Long-run headcount growth (beskæftigelsesudvikling siden 1998): Not determinedNo employment figures since Nov 2022. Dandex estimate, rule v1, computed 13 Nov 2026.
Demand cyclicality (konjunkturfølsomhed): Pro: Demand cyclicality (konjunkturfølsomhed) is in the Pro plan, see pricingHow demand for its products moves with the economy, from its industry.
Registry and report headcount compared (ansatte i register og regnskab): Pro: Registry and report headcount compared (ansatte i register og regnskab) is in the Pro plan, see pricingThe report's average employees beside the registry's staff over the same year.
Auditor's report (revisorpåtegning): Extended reviewTagged in the report (cmn:TypeOfAuditorAssistance). Dandex estimate, rules and decision model v1, computed 13 Nov 2026.
Auditor's report findings (revisorpåtegning): Pro: Auditor's report findings (revisorpåtegning) is in the Pro plan, see pricingThe auditor's findings: conclusion, going concern, emphasis, other matters, breaches.

Decided by Dandex with fixed rules from CVR and the filed annual reports, and for the auditor's report a calibrated decision model reading the auditor's text, not registered by the company. Each label links to its definition.

People

Current (1)

Svend SørensenExecutive board since 15 Feb 1985

Former (4)

Kamma MaagaardBoard of directors 23 Aug 2010 to 27 Sep 2017
Jesper Wilhelm Bo LangstedBoard of directors 15 Feb 1985 to 23 Aug 2010
Marie Ørum MaagaardBoard of directors 23 Aug 2010 to 27 Sep 2017
REVISION NORD A/SAuditor 15 Feb 1985 to 6 Sep 1994

Network

Roles over time

Svend Sørensen: Executive board, 15 Feb 1985 to today; Board of directors, 15 Feb 1985 to 27 Sep 2017.

15 Feb 1985 to 13 Nov 2026.

Former (4)

Kamma Maagaard: Board of directors, 23 Aug 2010 to 27 Sep 2017.
Marie Ørum Maagaard: Board of directors, 23 Aug 2010 to 27 Sep 2017.
Jesper Wilhelm Bo Langsted: Board of directors, 15 Feb 1985 to 23 Aug 2010.
REVISION NORD A/S: Auditor, 15 Feb 1985 to 6 Sep 1994.

15 Feb 1985 to 13 Nov 2026.

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

Network

Headcount

EmployeesFTE

Nov 2022, monthly: 1 employee, 1 FTE

Show as table

Registry headcount, 2011 to Nov 2022, oldest left to newest right
Period	2011	2012	2013	2014	2015	2016	2017	2018	Oct 2020	Nov 2022
Employees	0	0	0	0	0	0	0	0	1	1
FTE	1	1	1	1	1	1	1	1	1	1
Series	Annual	Annual	Annual	Annual	Annual	Annual	Annual	Annual	Monthly	Monthly

The legal entity's own headcount as CVR records it, not the annual report's average, which may cover a group. Annual 2011 to 2018; monthly Oct 2020 to Nov 2022.

Latest Nov 2022, published 20 Jan 2023. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, DKK thousands
Metric	2022	2023	2024	2025	2026
Gross profit	-275	-109	-184	-1,436	-525
Operating profit	-375	-209	-284	-1,536	-625
Result for the year	+4,256	+3,627	+6,677	-18,880	+8,586
Equity	30,932	29,558	36,235	17,355	25,941
Total assets	102,787	105,990	114,298	94,234	102,134
Employees (average)	1	1	1	1	1
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	-455.8%	n.m.^{note 1}	n.m.^{note 1}	n.m.^{note 1}	n.m.^{note 1}
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.	Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.
Employee growth (vækst i antal ansatte)	0%	0%	0%	0%	0%
Net interest-bearing debt (NIBD, nettorentebærende gæld)Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.	Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.
Gearing, NIBD / EBITDAPro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.	Pro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.
Interest coverage (rentedækning)Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.	Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.
Adjusted equity ratio (justeret soliditetsgrad)Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.	Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.
ROIC (afkast af investeret kapital)Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.	Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.
Capex % of sales (investeringer i procent af omsætningen)Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.	Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.
FCFF / EBITDA (pengestrømskonvertering)Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.	Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.

DKK 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. Gearing and interest coverage are multiples. Rows marked Pro hold a value in the Pro plan. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may.

1 n.m.: the year before is not positive

Credit rating (kreditvurdering): Pro: Credit rating (kreditvurdering) is in the Pro plan, see pricingA score from 0 to 100 with a grade from A to F, from the latest annual reports.
Capital loss (kapitaltab): Pro: Capital loss (kapitaltab) is in the Pro plan, see pricingNegative equity, or equity below half the share capital, in the latest report.
Filing deadline and punctuality (indsendelsesfrist): Pro: Filing deadline and punctuality (indsendelsesfrist) is in the Pro plan, see pricingThe next annual report deadline.

Annual reports

Annual report 2026
1 May 2025 to 30 Apr 2026, published 20 Oct 2026
XHTML
Annual report 2025
1 May 2024 to 30 Apr 2025, published 31 Oct 2025
XHTML
Annual report 2024
1 May 2023 to 30 Apr 2024, published 17 Oct 2024
PDF
Annual report 2023
1 May 2022 to 30 Apr 2023, published 21 Oct 2023
PDF
Annual report 2022
1 May 2021 to 30 Apr 2022, published 12 Oct 2022
PDF

Financials

Changes

No changes since Dandex began following this company. For announcements from before then, see Registrations.

Signals (signaler)

Pro: Signals (signaler) are in the Pro plan, see pricingChanges worth a look, raised from the registry and new annual reports.

New leadership (nyt lederskab), New company (ny virksomhed), Ownership change (ejerskifte), Relocation (flytning), Growth surge (vækstspurt), Headcount decline (nedgang i ansatte), Restructuring (omstrukturering), Industry change (brancheskift), Board change (bestyrelsesændring), Dissolution (ophør), Distress warning (risikoadvarsel), Fund investment (fondsinvestering), Fund exit (fondsexit), Fund board seat (fondsbestyrelsespost).

Changes

Pro for this company

The rows marked Pro on this page hold values in the Pro plan. For INOR HOLDING ApS, that is:

Credit and debt: Net interest-bearing debt, gearing, NIBD / EBITDA, interest coverage and adjusted equity ratio, for 2022 to 2026.Credit rating, capital loss and filing deadline and punctuality.
Returns and cash flow: EBITDA / gross profit, ROIC, capex % of sales and FCFF / EBITDA, for 2022 to 2026.
Advanced estimates: Control tenure, holding company assets, demand cyclicality, registry and report headcount compared, auditor's report findings and subsidiaries.
Signals and monitoring: Signals on this company, as Dandex raises them.

See the Pro plan

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Registry facts

Signing rule (tegningsregel): Selskabet tegnes af en direktør.since 11 Oct 2017
Purpose (formål): Selskabets formål er at besidde ejerandele i andre selskaber samt drive handel og industri.since 23 Aug 2010
Audit opted out (revision fravalgt): Nosince 18 Jan 2021
Articles of association last changed (seneste vedtægtsdato): 27 Sep 2017
Financial year change (omlægning af regnskabsår): 1 May 1986 to 30 Apr 1987

Share capital

Each registered value from the day it took effect, newest first.

6 Mar 1996DKK 500,000+200,000
30 Aug 1987DKK 300,000+80,000
20 Feb 1987DKK 220,000Earliest in CVR

From CVR, read 13 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry facts

History (historik)

Name changes: 5 in all, none in the last 5 years; latest 27 Sep 2017
Address changes: 1 in all, none in the last 5 years; latest 31 Aug 2009At the current address for 17.2 years
Status changes: None recorded
Auditor changes: 3 in all, 1 in the last 5 years; latest 8 Aug 2025With the current audit firm for 1.3 years

Names (navne)

27 Sep 2017 to now
INOR HOLDING ApS
26 Aug 2009 to 26 Sep 2017
INOR HOLDING A/S
7 Mar 1996 to 25 Aug 2009
NORAD HOLDING A/S
3 Apr 1991 to 6 Mar 1996
NORAD ELECTRONICS A/S
21 Feb 1987 to 2 Apr 1991
NORAD MOBILRADIO A/S

Earlier entries (1)

15 Feb 1985 to 20 Feb 1987
NORAD MOBILRADIO ApS

Addresses (adresser)

31 Aug 2009 to now
Tingvej 35, 9850 Hirtshals
15 Feb 1985 to 30 Aug 2009
Frederikshavnsvej 74, 9800 Hjørring

Audit firms (revision)

8 Aug 2025 to now
BDO Statsautoriseret Revisionspartnerselskab
18 Jan 2021 to 8 Aug 2025
BDO Holding VII, statsautoriseret revisionsaktieselskab
6 Sep 1994 to 27 Sep 2017
BDO Holding VII, statsautoriseret revisionsaktieselskab
15 Feb 1985 to 6 Sep 1994
REVISION NORD A/S

From CVR, read 13 Nov 2026. A change is counted each time the registry records a new value, so a corrected address or an audit firm under a new entity counts too.

History (historik)

Registrations (registreringer)

14 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

8 Aug 2025
Audit change
Revision:
Fratrådte:
BDO Holding VII, statsautoriseret revisionsaktieselskab, den 08.08.2025.
Tiltrådte:
CVR-NR. 45719375 BDO 2025 Statsautoriseret Revisionspartnerselskab, Nørrebro 15, 9800 Hjørring, den 08.08.2025.
19 Jan 2021
Audit change
Revision:
Tiltrådte:
CVR-NR. 20222670 BDO STATSAUTORISERET REVISIONSAKTIESELSKAB, Nørrebro 15, 9800 Hjørring, den 18.01.2021.
11 Oct 2017
Conversion People change Audit change
Virksomheden er omdannet til et anpartsselskab med CVR-NR. 77209611
Vedtægter ændret: 27.09.2017
Nyt navn: INOR HOLDING ApS
Bestyrelse:
Fratrådte:
Kamma Maagaard (formand), den 27.09.2017, Marie Maagaard Sørensen, den 27.09.2017, Svend Sørensen, den 27.09.2017.
Show the full announcement
Selskabet tegnes af en direktør..
Revision:
Fratrådte:
BDO STATSAUTORISERET REVISIONSAKTIESELSKAB, den 27.09.2017.
17 Nov 2014
Other
Ny adresse:
Tingvej 35, Horne, 9850 Hirtshals.
25 Aug 2010
People change Other
Vedtægter ændret:
23.08.2010.
Bestyrelse:
Tiltrådt som formand:
Kamma Maagaard, den 23.08.2010.
Udtrådt af bestyrelsen:
Show the full announcement
Jesper Wilhelm Bo Langsted, den 23.08.2010.
Indtrådt i bestyrelsen:
Marie Maagaard Sørensen, den 23.08.2010.
31 Aug 2009
Other
Vedtægter ændret:
26.08.2009.
Nyt navn:
INOR HOLDING A/S.
Ny adresse:
c/o Svend Sørensen, Tingvej 35, Horne, 9850 Hirtshals.
1 Jan 2007
Address change
Ved kommunalreformen den 1. januar 2007 er hjemstedskommunen ændret.
31 Aug 2006
Other
Vedtægter ændret:
24.08.2006.
26 Jan 1999
Audit change
Revision:
Udtrådt af revisionen:
SR, STATSAUTORISERET REVISIONSAKTIESELSKAB.
Indtrådt i revisionen:
BDO SCANREVISION, STATSAUTORISERET REVISIONSAKTIESELSKAB, Nørrebro 15, 9800 Hjørring.
22 Mar 1996
Capital change Other Address change
Vedtægter ændret:
29.02.1996.
Nyt navn:
NORAD HOLDING A/S.
Ny adresse:
Frederikshavnsvej 74, 9800 Hjørring.
Show the full announcement
Ny kommune:
Hjørring.
Kapitalforhøjelse:
kr. 500.000,00 indbetalt i værdier, kurs 600,00.
Kapitalnedsættelse besluttet og gennemført 29.02.1996 med udbetaling til aktionærer kr. 300.000,00 til kurs 168,15.
Kapitalen udgør herefter kr. 500.000,00.

Show 4 more

6 Sep 1994
Audit change People change
Revision:
Udtrådt af revisionen:
REVISION NORD A/S.
Indtrådt i revisionen:
BDO SCANREVISION A/S, Nørrebro 15, 9800 Hjørring.
26 Jun 1991
Address change
Vedtægter ændret:
17.06.1991
Ny adresse:
Vikingevej 28, 9400 Nørresundby
Ny kommune:
Aalborg
30 Apr 1991
Address change Other
Vedtægter ændret:
20.03.1991.
Nyt navn:
NORAD ELECTRONICS A/S
Ny adresse:
Frederikshavnsvej 74, 9800 Hjørring
Ny kommune:
Hjørring
22 Nov 1985
New company
Stiftelsesdato:
15.02.1985
Seneste vedtægtsdato:
25.06.1985
Kapital:
kr. 80.000,00
Show the full announcement
Indbetalingsmåde:
kontant/i værdier kr. 80.000,00 til kurs 100,0
Bestyrelse:
Advokat Jesper Wilhelm Bo Langsted, Socialrådgiver Kamma Maagaard, fabrikant Svend Sørensen
Direktion:
Direktør, fabrikant Svend Sørensen
Selskabet tegnes af to medlemmer af
bestyrelsen i forening eller af en direktør
alene
Revision:
REVISION NORD A/S, Gravensgade 2, 9700 Brønderslev
Første regnskabsår:
15.02.1985 - 30.04.1986
Regnskabsår:
01.05 - 30.04

Registrations (registreringer)

Registration

Address: Tingvej 35
9850 Hirtshals
Hjørring Municipality
CVR record last changed: 19 Jun 2026
Data read: 13 Nov 2026

Production units

2 registered in CVR.

INOR HOLDING ApS
P-number 1003751085Tingvej 35, 9850 Hirtshals
NORAD HOLDING A/S
P-number 100682844874, 9999 Ukendt

Compiled by Dandex from the Danish Business Registry (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

Registry facts

History (historik)

Registrations (registreringer)

Registration

Dandex in your own tools

Ownership

People

Financials

Who is behind it

Ownership

Control chain

Owned companies

Dandex estimates

People

Current (1)

Network

Roles over time

Network

Headcount

Financials

Annual reports

Financials

Changes

Signals (signaler)

Changes

Pro for this company

Registry facts

Share capital

Registry facts

History (historik)

Names (navne)

Addresses (adresser)

Audit firms (revision)

History (historik)

Registrations (registreringer)

Registrations (registreringer)

Registration

Production units

Dandex in your own tools

Who is behind it

Control chain

Owned companies

Dandex estimates

Current (1)

Network

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles over time

Headcount

Financials

Annual reports

Changes

Signals (signaler)

Pro for this company

Registry facts

Share capital

History (historik)

Names (navne)

Addresses (adresser)

Audit firms (revision)

Registrations (registreringer)

Production units

Network

Owners and the control chain

Companies it owns

Its people and their other companies