North Propulsion ApS
Core data
Name | North Propulsion ApS |
Address | Fysikvej 312 st, 2800, Kongens Lyngby |
Founded | Jan 24, 2023 |
| 5 / 5 | |
Locations (P-units) | 1View locations |
Website | https://northpropulsion.com/ |
Branch | Fremstilling af civile luft- og rumfartøjer o.lign. (303100) |
Name | North Propulsion ApS |
Address | Fysikvej 312 st, 2800, Kongens Lyngby |
Founded | Jan 24, 2023 |
| 5 / 5 |
Locations (P-units) | 1View locations |
Website | https://northpropulsion.com/ |
Branch | Fremstilling af civile luft- og rumfartøjer o.lign. (303100) |
Keep track of North Propulsion ApS
Description
North Propulsion designs, produces, and delivers chemical propulsion systems for ESPA-class satellites. Founded in 2023 in Copenhagen, Denmark, it develops standard off-the-shelf products for commercial, governmental, and dual-use applications.
North Propulsion develops and supplies high-thrust propulsion hardware that enables satellite maneuverability, including collision avoidance and end-of-life deorbiting.
Company's own description on virk.dk
Description of key activities of the companyWe build high thrust propulsion systems for satellites – Available in large quantities. Our technology enables up to 20x faster deployment maneuvers, instant collision avoidance and dV-efficient deorbiting.
Products & services
Chemical propulsion systems · TAILWIND off-the-shelf chemical propulsion system for 100–250 kg satellites · High-thrust propulsion units · Qualification and acceptance testing · ICD and CAD available upon request
Industries
Space hardware manufacturing · Aerospace propulsion
Customer types
Commercial satellite operators and manufacturers · Governmental customers · Dual-use customers
Financials
| Reporting period | 2025DKK | ||
|---|---|---|---|
| Gross profit | 3,837,555 | ||
| Operating profit | 2,637,657 | ||
| Profit before tax | 2,630,670 | ||
| Net income | 2,090,423 | ||
| Total assets | 25,850,358 | ||
| Equity | 24,688,472 | ||
| Avg. employees | 4 | ||
2023–2025 Unlock financial history | |||
Datapublica Risk Score
What goes into the assessment
Financials
Equity ratio, profitability, and liquidity
Accounts and history
Late filings and previous financial distress
Owners and management
Past bankruptcies and owners’ other companies
Company and connections
Age, industry, and shared addresses or contact details
Standard: Score and risk bandPro: Also a detailed explanation of the factors
Contact
No contact details have been registered for this company.
Gazelle
1 consecutive growth years
Børsen Gazelle is Dagbladet Børsen's award. Datapublica is not affiliated with Børsen. Calculated statuses are Datapublica's own analysis of public CVR financial-statement data.
People
| Person | Roles | Titles |
|---|---|---|
| Eric Lagier | Roles Board | TitlesBESTYRELSESMEDLEM |
| Niels Buus | Roles Board | TitlesFORMAND |
| Ola Sten Baksaas | Roles Board | TitlesBESTYRELSESMEDLEM |
| Rasmus Arnt Pedersen | Roles BoardManagement | TitlesBESTYRELSESMEDLEM • DIREKTØR |
Auditor
| Audit firm | Auditor | Role | From |
|---|---|---|---|
| Grant Thornton, Godkendt Revisionspartnerselskab | AuditorMorten Høgh-Petersen | Rolestatsautoriseret revisor | FromMay 7, 2026 |
Legal owners
| Owner | Ownership | Voting rights | From |
|---|---|---|---|
BAX AS🇳🇴 Unknown Other Participant | Ownership25–33.32 % | Voting rights25 % | FromDec 18, 2025 |
| Ownership25–33.32 % | Voting rights25 % | FromDec 18, 2025 | |
| Ownership15–19.99 % | Voting rights15 % | FromDec 18, 2025 | |
| Ownership5–9.99 % | Voting rights5 % | FromDec 18, 2025 | |
| Ownership5–9.99 % | Voting rights5 % | FromDec 18, 2025 |
Ultimate owners
| Name | Ownership through | Calculated ownership |
|---|---|---|
| 🇳🇴BAX AS | Ownership through Direct | 25–33.32 % |
| Rasmus Arnt Pedersen | Ownership through | 25–33.32 % |
| Berk Kyané Gezer | Ownership through | 5–9.99 % |
| Francisco Jesus Acien Perez | Ownership through | 5–9.99 % |
| NOVO NORDISK FONDEN | Ownership through | 2.25–4 % |
| Danmarks Eksport- og Investeringsfond | 1.74–4 % | |
| AUGUSTINUS FONDEN | Ownership through | 0.75–2 % |
| 🇱🇺BAYVK P4-Fonds | Ownership through | 0.75–2 % |
| Dansk Vækstkapital IV K/S | Ownership through | 0.15–0.5 % |
| Arbejdsmarkedets Tillægspension | Ownership through | 0.07–0.3 % |
| Danske Invest AIF-SIKAV | Ownership through | 0.07–0.3 % |
| Klaus Holse | 0.03–0.2 % | |
| Lasse Surland | Ownership through | 0.03–0.2 % |
| Mads Munkholt Ditlevsen | 0.03–0.2 % | |
| Vibe Baumann | 0.03–0.2 % | |
| Christiane Bjerglund Andersen | 0.02–0.18 % | |
| Bente Juel Christiansen | 0.01–0.14 % | |
| Claus Henrik Christiansen | 0.01–0.14 % | |
| Kaare Agerholm Danielsen | 0.01–0.1 % | |
| Dorte Frøland Danielsen | 0–0.07 % | |
| Holger Rubæk Danielsen | 0–0.07 % | |
| Karin Bjerglund Andersen | 0–0.07 % |