Norlys Telco A/S
A/SActiveCVR 42405310Slet Parkvej 5, 8310 Tranbjerg JWired, wireless, and satellite telecommunication activities· NACE 6110Est. 1959 · 66 years old2,563 employees
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Overview
Norlys Telco A/S is a Danish A/S based in Tranbjerg J, operating in the Wired, wireless, and satellite telecommunication activities sector. Incorporated in 1959, the company has 2,563 employees and reported revenue of DKK 6.9bn in its latest annual filing.
Revenue 2025
6.9B DKK
+114% vs 2024
EBITDA margin
−4.9 %
−34% vs 2024
Net profit 2025
-1.4B DKK
-171% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
23.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-22.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 6.9B DKK | +114% |
| EBITDA | -0.3B DKK | -34% |
| Net profit | -1.4B DKK | -171% |
| Total assets | 6.6B DKK | +143% |
| Equity | 1.5B DKK | +514% |
| Employees | 2,563 | — |
Company information
Legal name
Norlys Telco A/S
CVR number
42405310
Legal form
Aktieselskab
NACE code
Founded
16 November 1959 · 66 years
Share capital
DKK 31,000,000
Employees
2,563 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af direktøren i forening med bestyrelsens formand eller af direktøren i forening med 2 bestyrelsesmedlemmer eller af bestyrelsens formand i forening med 2 bestyrelsesmedlemmer, eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at etablere, eje og/eller administrere mobile og faste infrastrukturer og digitale kommunikationsteknologier samt at drive virksomhed med produktion, drift, udvikling, salg og markedsføring af mobile og faste telekommunikationstjenester, -ydelser og -udstyr, herunder telefoni-, internet-, tv- og datatjenester, samt at udøve anden virksomhed, der efter bestyrelsens skøn står i naturlig forbindelse hermed.
(no translation available)
Contact
Address
Slet Parkvej 5, 8310 Tranbjerg J
Phone
+45 7011 4040
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Financial development
In its most recent annual report (2025), Norlys Telco A/S reported revenue of DKK 6.9bn, an increase of 114% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 1.4bn, and the EBITDA margin stood at -4.9%.
At the end of 2025, equity financed 23% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6,942,878 | 3,245,925 | 3,378,395 | 2,881,221 | 2,049,278 |
| Staff expenses | -1,388,480 | -448,231 | -434,053 | -444,784 | -272,505 |
| EBITDA | -339,618 | -252,679 | 229,066 | 384,872 | 493,647 |
| Depreciation & amort. | -872,533 | -302,517 | -501,561 | -260,094 | -409,041 |
| EBIT | -1,212,151 | -555,196 | -272,495 | 124,778 | 84,606 |
| Net financials | -19,010 | -52,896 | -42,171 | -28,496 | -10,684 |
| Profit before tax | -1,231,161 | -608,092 | -314,666 | 96,282 | 73,922 |
| Tax | 214,355 | -74,139 | -92,155 | -5,170 | -225 |
| Net profit | -1,445,516 | -533,953 | -222,511 | 101,452 | 74,147 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 6,560,955 | 2,699,013 | 2,602,117 | 2,385,020 | 2,259,790 |
| Equity | 1,508,834 | 245,893 | 353,429 | 514,966 | 402,973 |
| Long-term debt | 1,994,815 | 1,232,000 | 64,000 | 136,505 | 216,949 |
| Short-term debt | 2,893,211 | 1,221,120 | 2,178,688 | 1,698,549 | 1,590,714 |
| Total debt | 4,888,026 | 2,453,120 | 2,242,688 | 1,835,054 | 1,807,663 |
Financial ratios
5-year trendEBITDA margin
-4.9 %
20212025
Equity ratio
23.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
-95.8 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-20.8 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Asset turnover
1.06×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
3.35×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 20% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 20% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 10% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery weak
Among the 20% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 30% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 10% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 40% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KF Chief Executive Officer | Chief Executive Officer | 2026 |
Former (26)
HS Management | Management | 2009 – 2014 |
KÅ Management | Management | 1959 – 1999 |
SG Chief Executive Officer | Chief Executive Officer | 2000 – 2000 |
OL Chief Executive Officer | Chief Executive Officer | 2000 – 2011 |
ED Deputy | Deputy | 2002 – 2003 |
SN Deputy | Deputy | 1959 – 1994 |
AJ Deputy | Deputy | 1998 – 2000 |
LG Deputy | Deputy | 1959 – 1998 |
PL Deputy | Deputy | 1959 – 1990 |
BK Deputy | Deputy | 2015 – 2018 |
SN Management | Management | 2018 – 2024 |
KS Management | Management | 2001 – 2009 |
AK Deputy | Deputy | 2010 – 2015 |
EH Management | Management | 2024 – 2025 |
OK Management | Management | 2014 – 2018 |
BH Deputy | Deputy | 1959 – 1990 |
KH Management | Management | 2003 – 2005 |
KE Deputy | Deputy | 1959 – 1998 |
CK | Deputy | 1959 – 1994 |
WW Deputy | Deputy | 1959 – 1990 |
KT Chief Executive Officer | Chief Executive Officer | 2011 – 2014 |
JH Deputy | Deputy | 1959 – 1998 |
CF Deputy | Deputy | 1959 – 1994 |
BW Chief Executive Officer | Chief Executive Officer | 1999 – 1999 |
UL Management | Management | 2025 – 2025 |
KV Deputy | Deputy | 1998 – 2000 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (12) | ||
GV Chairman | Chairman | 2025 |
AM Board of Directors | Board of Directors | 2025 |
CA Board of Directors | Board of Directors | 2025 |
TR Board of Directors | Board of Directors | 2023 |
TH Board of Directors | Board of Directors | 2026 |
CL Board of Directors | Board of Directors | 2025 |
TE Board of Directors | Board of Directors | 2023 |
HB Board of Directors | Board of Directors | 2023 |
JP Board of Directors | Board of Directors | 2026 |
RP Board of Directors | Board of Directors | 2025 |
AM Board of Directors | Board of Directors | 2025 |
KØ Board of Directors | Board of Directors | 2026 |
Former (74)
ST Board of Directors | Board of Directors | 2009 – 2010 |
JE Board of Directors | Board of Directors | 2010 – 2013 |
EK Board of Directors | Board of Directors | 2020 – 2026 |
TB Board of Directors | Board of Directors | 1959 – 1989 |
PC Board of Directors | Board of Directors | 1959 – 1994 |
AK Board of Directors | Board of Directors | 2022 – 2025 |
DR Board of Directors | Board of Directors | 2010 – 2015 |
MR Board of Directors | Board of Directors | 2002 – 2008 |
BE Board of Directors | Board of Directors | 2003 – 2007 |
TØ Board of Directors | Board of Directors | 2022 – 2023 |
KA Chairman | Chairman | 2007 – 2010 |
KL Deputy Chairman | Deputy Chairman | 1959 – 1995 |
JE Board of Directors | Board of Directors | 2000 – 2001 |
OL Deputy Chairman | Deputy Chairman | 2011 – 2013 |
IS Board of Directors | Board of Directors | 2003 – 2007 |
TW Chairman | Chairman | 2003 – 2003 |
MG Chairman | Chairman | 2003 – 2007 |
IM Chairman | Chairman | 2001 – 2002 |
AS Board of Directors | Board of Directors | 1959 – 1990 |
SM Board of Directors | Board of Directors | 2001 – 2003 |
KJ Chairman | Chairman | 1997 – 1999 |
BJ Chairman | Chairman | 1999 – 2000 |
CF Chairman | Chairman | 2022 – 2024 |
NU Chairman | Chairman | 2013 – 2022 |
JG Board of Directors | Board of Directors | 2010 – 2013 |
NR Chairman | Chairman | 2000 – 2001 |
LG Chairman | Chairman | 2002 – 2003 |
JG Board of Directors | Board of Directors | 2007 – 2009 |
JE Board of Directors | Board of Directors | 2023 – 2023 |
SH Board of Directors | Board of Directors | 2009 – 2010 |
LG Board of Directors | Board of Directors | 1995 – 1997 |
JO Board of Directors | Board of Directors | 1959 – 1995 |
OK Board of Directors | Board of Directors | 2015 – 2018 |
MO Board of Directors | Board of Directors | 2000 – 2000 |
BB Board of Directors | Board of Directors | 2020 – 2022 |
OJ Board of Directors | Board of Directors | 1959 – 1995 |
HR Board of Directors | Board of Directors | 2010 – 2013 |
JE Board of Directors | Board of Directors | 1999 – 1999 |
US Chairman | Chairman | 1959 – 1994 |
HH Board of Directors | Board of Directors | 1998 – 2001 |
CK Board of Directors | Board of Directors | 1995 – 1997 |
HV Board of Directors | Board of Directors | 2019 – 2023 |
OI Board of Directors | Board of Directors | 1997 – 1997 |
HB Board of Directors | Board of Directors | 2022 – 2023 |
CD Board of Directors | Board of Directors | 2024 – 2025 |
LE Board of Directors | Board of Directors | 1997 – 1998 |
CB Deputy Chairman | Deputy Chairman | 1998 – 1999 |
JV Board of Directors | Board of Directors | 2013 – 2019 |
HI Board of Directors | Board of Directors | 1999 – 2000 |
NT Board of Directors | Board of Directors | 1959 – 1998 |
AT Board of Directors | Board of Directors | 2019 – 2022 |
FV Board of Directors | Board of Directors | 1995 – 1998 |
AN Board of Directors | Board of Directors | 1959 – 1988 |
SS Board of Directors | Board of Directors | 2019 – 2022 |
OL Board of Directors | Board of Directors | 2007 – 2009 |
CF Board of Directors | Board of Directors | 1959 – 1995 |
LA Board of Directors | Board of Directors | 2013 – 2015 |
BW Chairman | Chairman | 2000 – 2000 |
UO Board of Directors | Board of Directors | 2002 – 2010 |
PO Board of Directors | Board of Directors | 2010 – 2013 |
PS Board of Directors | Board of Directors | 1959 – 1990 |
HT Board of Directors | Board of Directors | 1999 – 2001 |
LT Chairman | Chairman | 2010 – 2013 |
CG Board of Directors | Board of Directors | 1959 – 1998 |
CG Board of Directors | Board of Directors | 2019 – 2020 |
TP Board of Directors | Board of Directors | 2018 – 2019 |
PE Deputy Chairman | Deputy Chairman | 1995 – 1997 |
MC Board of Directors | Board of Directors | 1959 – 1995 |
IE Board of Directors | Board of Directors | 1999 – 2000 |
LO Board of Directors | Board of Directors | 2022 – 2023 |
UL Chairman | Chairman | 2024 – 2025 |
KV Board of Directors | Board of Directors | 1998 – 1998 |
KN Board of Directors | Board of Directors | 1959 – 1998 |
JS Board of Directors | Board of Directors | 1995 – 1996 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 | |
| Company | 100% | 100% | 2014 | |
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
Norlys a.m.b.a.100%
Norlys Group A/S100%
Norlys Telco A/S (this company)Board network connections
Board members of Norlys Telco A/S also hold positions in 377 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Henrik Skovsby | Management | 161 companiesMany roles |
| Gert Vinther Jørgensen | Chairman | 23 companiesMany roles |
| Ole Kastrup Bridal | Management | 17 companiesMany roles |
| Kræn Østergård Nielsen | Board of Directors | 16 companiesMany roles |
| Anne Mette Aaby Aaes | Board of Directors | 12 companiesMany roles |
| Anne-Marie Krog | Board of Directors | 10 companiesMany roles |
| Jens Erik Platz | Board of Directors | 10 companiesMany roles |
| Klaus Thyge Høeg-Hagensen | Chief Executive Officer | 8 companiesMany roles |
| Claus Antonisen Nielsen | Board of Directors | 8 companiesMany roles |
| Henrik Bielefeldt | Board of Directors | 8 companiesMany roles |
| Christian Greve | Board of Directors | 8 companiesMany roles |
| Sune Nabe Frederiksen | Management | 7 companiesMany roles |
| Jukka Pekka Pertola | Board of Directors | 7 companiesMany roles |
| Niels Ulrich Duedahl | Chairman | 6 companiesMany roles |
| Lars Torpe Christoffersen | Chairman | 6 companiesMany roles |
| Ole Lindstrøm Simonsen | Chief Executive Officer | 5 companies |
| Thomas Ejlskov Hust | Board of Directors | 5 companies |
| Ruth Palludan | Board of Directors | 5 companies |
| Kathrine Forsberg | Chief Executive Officer | 4 companies |
| Torben Raunholt Schmidt | Board of Directors | 4 companies |
| Thomas Helbo | Board of Directors | 4 companies |
| Kaj Juul-Pedersen | Chairman | 4 companies |
| Christian Lagoni | Board of Directors | 4 companies |
| Anne Marie Kindberg | Board of Directors | 4 companies |
| Søren Gaardboe | Chief Executive Officer | 3 companies |
| Ole Jørgen Timm | Board of Directors | 3 companies |
| Carsten Dyrup Revsbech | Board of Directors | 3 companies |
| Karsten Havelund Skøtt | Management | 2 companies |
| Claus Flyger Pejstrup | Chairman | 2 companies |
| Claus Kalmar Jacobsen | Board of Directors | 2 companies |
| Henrik Vallø | Board of Directors | 2 companies |
| Torben Poulsen | Board of Directors | 2 companies |
| Birgitte Kold Ingwersen | Deputy | 1 company |
| Carsten Klingenberg Hansen | Deputy | 1 company |
| Kristian Lund Kristensen | Deputy Chairman | 1 company |
| Jens Ernest Ottosen-Støtt | Board of Directors | 1 company |
| Jesper Grundvad Bjerre | Board of Directors | 1 company |
| Britta Bendix Ovesen | Board of Directors | 1 company |
| Hanne Bæk Olsen | Board of Directors | 1 company |
| Arvid Thorndahl | Board of Directors | 1 company |
| Søren Strøm | Board of Directors | 1 company |
| Lars Andreasen | Board of Directors | 1 company |
| Lisbeth Oxholm Andersen | Board of Directors | 1 company |
| Jens Sophus Frede Jordan | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of Norlys Telco A/S?
Norlys Telco A/S is registered with CVR / Virk under CVR 42405310.
What is the revenue of Norlys Telco A/S?
Norlys Telco A/S reported revenue of DKK 6.9bn in 2025.
How many employees does Norlys Telco A/S have?
Norlys Telco A/S employs 2563 people as of the latest annual report.
Who is the CEO of Norlys Telco A/S?
Kathrine Forsberg is the CEO of Norlys Telco A/S, in role since 2026.
Who is the chairman of Norlys Telco A/S?
Gert Vinther Jørgensen chairs the board of Norlys Telco A/S, in role since 2025.
Where is Norlys Telco A/S headquartered?
Norlys Telco A/S's registered address is Slet Parkvej 5.