Fundies.
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Nordic Solar A/S

ESEF
Report (type unavailable) · filed 2026-05-12

Annual consolidated revenue for 2025: about DKK 50.23M, using the latest reported figures. The previous period, 2024, was about DKK 49.2M.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

50.2 million DKK

2025 · DKK

Exact inputs and evidence

Operating margin

-14.18%

2025 · %

Exact inputs and evidence
  • Operating Income: -7122000 DKK Source
  • Revenue: 50234000 DKK Source

Operating cash flow

5.74 million DKK

2025 · DKK

Exact inputs and evidence
  • Operating Cash Flow: 5738000 DKK Source

Free cash flow

-93.3 million DKK

2025 · DKK

Exact inputs and evidence
  • Operating Cash Flow: 5738000 DKK Source
  • Capital Expenditure: 99036000 DKK Source
Cash and cash equivalents
67.9 million DKK Source
Exact value

67904000 DKK

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-05-12.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 2 of 11 periods available· newest 2025-12-31
  • Operating income: 2 of 11 periods available· newest 2025-12-31
  • Net income: 2 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 2 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2025-12-31
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +2.1%

    Prior period

    DKK 49.2 million

    –

    Current period

    DKK 50.23 million

    –

    Exact inputs and evidence

    50234000 − 49199000 = 1035000 DKK

    49199000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    50234000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −DKK 4.63 million

    Prior period

    −DKK 30.07 million

    –

    Current period

    −DKK 34.7 million

    –

    Exact inputs and evidence

    -34703000 − -30071000 = -4632000 DKK

    -30071000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -34703000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -70.8%

    Prior period

    DKK 19.63 million

    –

    Current period

    DKK 5.74 million

    –

    Exact inputs and evidence

    5738000 − 19633000 = -13895000 DKK

    19633000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5738000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    -35.7%

    Prior period

    DKK 154.13 million

    –

    Current period

    DKK 99.04 million

    –

    Exact inputs and evidence

    99036000 − 154134000 = -55098000 DKK

    154134000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    99036000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue DKK 50.23 million 100% of revenue
  • Operating costs Derived DKK 57.36 million 114% of revenue
  • Operating income −DKK 7.12 million −14% of revenue
  • Tax, interest and other Derived DKK 27.58 million 55% of revenue
  • Net income −DKK 34.7 million −69% of revenue

Cash

  • Operating cash flow DKK 5.74 million 11% of revenue
  • Capital expenditure DKK 99.04 million 197% of revenue
  • Free cash flow Derived −DKK 93.3 million −186% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2024 Operating loss: operating costs were 127% of revenue.
  • 2025 Operating loss: operating costs were 114% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2024 2024-01-01 – 2024-12-3149199000 62355000 Derived -13156000 16915000 Derived -30071000 -134501000 Derived
Source
2025 2025-01-01 – 2025-12-3150234000 57356000 Derived -7122000 27581000 Derived -34703000 -93298000 Derived
Source

Amounts are exact, in DKK.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

DKK 50.2M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54.3M40.7M27.1M13.6M0.020242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(DKK)Source evidence
2024Revenue49199000
2025Revenue50234000

Revenue growth

Change in revenue from the same financial period one year earlier.

2.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.27%1.70%1.14%0.57%0.00%20242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2024Year over yearNo prior comparable period
2025Year over year2.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -14.2% 2025
Net margin -69.1% 2025
Free cash flow margin -185.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22%-57%-137%-216%-295%20242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2024Operating margin-26.7%
2025Operating margin-14.2%
2024Net margin-61.1%
2025Net margin-69.1%
2024Free cash flow margin-273.4%
2025Free cash flow margin-185.7%

Operating cash flow

Cash generated by the company’s normal business operations.

DKK 5.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.2M15.9M10.6M5.3M0.020242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(DKK)Source evidence
2024Operating cash flow19633000
2025Operating cash flow5738000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

DKK -93.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.8M-28.2M-67.3M-106.3M-145.3M20242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(DKK)Source evidence
2024Free cash flow-134501000
2025Free cash flow-93298000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

71.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.77%58%39%19%0%20242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2024Liabilities / assets68.1%
2025Liabilities / assets71.6%

Current assets to current liabilities

Current assets divided by current liabilities.

0.76× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.47×1.10×0.73×0.37×0.00×20242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2024Current assets / current liabilities1.36×
2025Current assets / current liabilities0.76×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2024 2024-01-01 – 2024-12-31
−DKK 30.07 million
Exact value

Exact value: -30071000 DKK

2024-01-01 – 2024-12-31: -30071000 DKK Inspect Net Income Open source
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DKK 19.63 million
Exact value

Exact value: 19633000 DKK

2024-01-01 – 2024-12-31: 19633000 DKK Inspect Operating Cash Flow Open source
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DKK 154.13 million
Exact value

Exact value: 154134000 DKK

2024-01-01 – 2024-12-31: 154134000 DKK Inspect Capital Expenditure Open source
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−DKK 134.5 million
Calculation and evidence

19633000 − 154134000 DKK

Exact free cash flow: -134501000 DKK

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2025 2025-01-01 – 2025-12-31
−DKK 34.7 million
Exact value

Exact value: -34703000 DKK

2025-01-01 – 2025-12-31: -34703000 DKK Inspect Net Income Open source
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DKK 5.74 million
Exact value

Exact value: 5738000 DKK

2025-01-01 – 2025-12-31: 5738000 DKK Inspect Operating Cash Flow Open source
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DKK 99.04 million
Exact value

Exact value: 99036000 DKK

2025-01-01 – 2025-12-31: 99036000 DKK Inspect Capital Expenditure Open source
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−DKK 93.3 million
Calculation and evidence

5738000 − 99036000 DKK

Exact free cash flow: -93298000 DKK

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 403 latest values · 403 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 2138001GDDBGS16JNX33, esef:2138001GDDBGS16JNX33