Company type
Limited Corporation
413 MDKK
Gross profit
Operating Profit (EBIT)
Profit for the year
237 MDKK
Advertising protection
The company is advertising protected. This means that the information may not be used for marketing purposes.

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Rank Profit for the year

Rank in industry
"Top 10%"
Rank in Denmark
"Top 10%"

Top management Top 3

Board Top 3

Legal owners Top 3

100%Makeen Energy A/S

Rights certificate

Selskabet tegnes af to direktører i forening, bestyrelsens formand i forening med én direktør eller af den samlede bestyrelse.

Company information based on CVR

NameKosan Crisplant A/S
Alternate namesSiraga A/S Show more
AddressAlsvej 21, 8940 Randers SV
IndustryManufacture of other general-purpose machinery n.e.c. [282900]
Established31-10-2000 (20 yr)
Company typeLimited Corporation
Number of employees131 (Fin.Stmt)
Advertising protectionYes
AuditorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 01-07-2011
Financial statement period01-01 to 31-12
Company capital15,000,000 DKK
Articles of assoc. last01-01-2019

Member of industries


Selskabets formål er at drive handel, fabrikation, finansiering og anden hermed beslægtet virksomhed

Financial Statement

Currency/unit000' DKK000' DKK000' DKK
Gross Profit
Profit for the year
Total Assets

Mangement review

Main activitiesKosan Crisplant a/s is the world’s leading global supplier of systems, products and services for filling and maintenance of LPG cylinders. Moreover, other requirements within the LPG- and LNG businessand technical gasses are covered where there is a related business or strategic gain.Development during the YearThe result for the year is a profit of DKK 44.7 million versus 28.9 million in 2018. The result is negatively affected by lower activity and turnover compared to 2018 which is fully offset by higher contribution margin and cost savings. The result is lower than expected at the beginning of the year.The financial year of 2019 started at a lower level compared to previous years. In the second half of 2019 the order intake has increased and thereby turnover has increased towards the end of the year. The current order pipeline indicates that order intake will remain at high level throughout 2020.The sale of the Group's other products continued to develop positively throughout 2019 showing an even better potential for the years to come. The result is achieved based on continuous focus on acquisition of relevant activities, development of strategic business segments, cost price reductions, improvement of product mix, introduction of new products and a generally improved productivity.During the financial year the Group has continued its investments in new business segments, in particular ProSupply (component trading), facility management, product development and infrastructure. A number of the subsidiaries established during recent years have contributed significantly to the turnover and the result for the year. This infrastructure, combined with new products and concepts, ensures the Group a strong position to continuously benefit from the improvement of the market situation, which is expected to continue in the coming year.Special RisksMacro-economic and Political ConditionsThe Group sells products and services world-wide. The geographical distribution ensures aconsiderable diversification of risks, but also implies that the Group’s sales often are influenced positively or negatively by macro-economical or political conditions on specific markets.Credit and Liquidity RisksThe Group’s activities on a large number of markets involve a certain exposure to deferred payments and non-payments from customers. Such risks are met by strict management of payment conditions anduse of normal payment instruments.Foreign Exchange RisksAs the major part of the Group’s revenue is generated abroad, results and equity are affected by the development in exchange rates in respect of a number of currencies. However, the risk is limited by a material part of revenue being settled in Euro. It is Group policy to hedge against commercial foreign exchange exposure through forward exchange contracts. The Company does not enter into foreignexchange positions for speculative purposes.Subsidiaries and Local OfficesA material element in the Group strategy and growth plans is to establish and develop, or acquire local sales and service enterprises. In 2019 the Group has focused on optimizing internal processes and prepare the organisation for further growth in 2020.The Group's existing subsidiaries continue to develop positively: the sale and service subsidiaries are developing very positively, particularly in after-sales, service and facility management.Expectations for the Year AheadThe Group's primary line of business is within LPG and LNG, which are important energy resources in most countries of the world. In some markets the Group has received special permit to continue operation in spite of countrywide lock-down resulting in increased activity level. In other markets the Group has recorded a minor decrease in activities. Sofar the Group has not seen a significant impact from the COVID-19 pandemic, see also subsequent events disclosures in note 23. It is too early yet to give an opinion as to the extent of the overall implications on the Group's outlook, however,Management expect existing liquidity and credit lines continues to be sufficient.For the financial year 2020 the Group expects to improve the operating profit.DevelopmentThis financial year, the Group has incurred expenses for development totalling DKK 8.6 million. DKK2.0 million out of this amount have been charged as production costs as the Group assesses that these costs do not meet the criteria for recognition in the balance sheet. The remaining amount of DKK 6.6 million have been capitalised as development projects.Development projects mainly consists of components, systems and software within the area of LPG filling plants. The new developments is expected to lead to a competitive advantage and thus directly influence the activity and future financial performance of the Group.Intellectual Capital ResourcesThe Group gives priority to continuing training of employees in the Parent Company and the subsidiaries abroad. Training in sales management, project management, project training and general leadership has been carried through during the year. Similar training will continue in the coming year.OwnershipThe Company’s share capital of DKK 15,000k by 31 December 2019 is wholly owned by Makeen Energy A/S, Alsvej 21, DK-8940 Randers SV, Denmark.