The largest corporate tax payers in the area range from banks and industrial companies to holding companies and investment firms. What they have in common is that they deliver solid profits, which are converted into million-dollar contributions in corporate tax. The list is based on the official tax lists from 2024 and only includes companies with a CVR address in Lolland, Guldborgsund, and Vordingborg Municipality. It thus shows which locally registered companies pay the most in tax.
However, the figures should be read with an important caveat. Many companies are part of groups where the tax is calculated collectively in one company. This means that earnings may be generated in one company while the tax is paid in another. Conversely, companies on the list may also cover activities and value creation outside the local area.
1. Lollands Bank A/S
Lollands Bank in Nykøbing. Photo: Mikkel Christensen
Lollands Bank is a local bank headquartered in Nakskov with activities in Lolland, Falster, and South Zealand. The bank operates through traditional banking with loans, deposits, and advice for both private individuals and businesses. It has a strong local focus and primarily serves the regional business community. With a solid capital base and many business customers, earnings are stable. This is reflected in a corporate tax of 31.9 million DKK.
2. Møns Bank A/S
Møns Bank has roots on Møn and its headquarters in Stege, but today it is also present in, among other places, Vordingborg and Næstved. The bank works with financing, loans, and advice for both private customers and businesses. The business is built on close customer relationships and local knowledge. Historically, the bank has been a central player in the South Zealand business community. This results in a tax contribution of 25.2 million DKK.
3. A/S Motortramp
Motortramp is today a family-owned investment company with roots in shipping. The company was founded as a shipping company in 1925 and has since developed into a broad investor with activities across industries. It is, among other things, a major shareholder in the publicly listed shipping company DS Norden. Earnings come from investments and ownership stakes rather than operations. The corporation tax is 10.7 million DKK.
4. Jan Sørensen ApS
MSE director Jan SørensenJan Knudsen
Jan Sørensen ApS is the parent company in the group behind the construction company MSE from Nørre Alslev. The company is part of a larger group structure with activities in construction, property development, and investment. The values in the group are largely gathered in the underlying holding company JSCS Holding ApS, which owns a number of companies and investments. Earnings in the holding layer primarily come from dividends and value adjustments from the underlying companies. The accounts show a group with significant values, even though the development in the construction business has been more uneven. The corporation tax is 8.7 million DKK.
5. Melitek Holding Aps
Melitek in Nørre Alslev supplies products to the medical industry. Their plastic granulate is used, among other things, for contact lenses, catheters, diagnostic agents, and products for diabetes treatment. In recent years, the company has invested in a new production line and last year achieved a record profit. The equity is also among the highest in our area. The corporation tax for 2024 amounted to 7.2 million DKK.
6. Viking Malt A/S
Viking Malt is one of the area's largest industrial companies with production in Ørslev near Vordingborg. The company produces malt, which is a central ingredient in beer, and supplies both large breweries and microbreweries worldwide. The company can annually process around 120,000 tonnes of barley, making it Denmark's largest malting plant. About half of the production is exported. Viking Malt is part of an international Finnish group and is also working on green transition and sustainable production. Viking Malt paid just under 6.1 million DKK.
7. John Andersen Holding, Vordingborg ApS
John Andersen Holding, Vordingborg ApS is an investment company where a significant part of the assets is placed in property projects. The accounts show, among other things, an investment in Krakower See Invest ApS, which owns and rents out 10 luxury holiday homes in Germany with a total value of 72 million DKK. The earnings in the project company come from both rental income and increases in property value. Thus, these are concrete property investments rather than passive securities trading. The corporation tax of 4.1 million DKK reflects returns from this type of investment.
8. JSBP Holding ApS
JSBP Holding ApS is connected to the industrial company JP Air Tech, which develops and produces ventilation and air technology solutions. The company supplies, among other things, systems to the industry and has international activities. Thus, there is a real operating business behind the holding company. Earnings are driven by production and export rather than passive investments. This is reflected in a corporation tax of 3.7 million DKK.
9. Hetag IFA Tagdækning A/S
Stephen Kryger director of Hetag IFA Roofing.
Hetag IFA Tagdækning is a craft and contracting company based in Nykøbing, working with roofing on both new construction and renovation projects. The company performs everything from roofing felt and insulation to complete roofing contracts and has activities throughout Zealand and Lolland-Falster. It is part of the Hetag chain and is included in a larger group under Nordic Waterproofing. With around 50-60 employees, it is a real operating company with significant activity and many projects. The corporation tax is 3.6 million DKK.
This is how we did it
The list is based on the Danish Tax Agency's latest public tax lists for companies (2024).
We have selected the companies that have a CVR address in Lolland, Guldborgsund and Vordingborg Municipality, and ranked them according to paid corporation tax.
The figures cover corporation tax on the taxable income for the relevant income year.
It is important to be aware that many companies are part of groups where the tax is calculated collectively in one company. For example, companies like Vestas and Nordic Sugar pay their corporation tax centrally in the company where the accounts are presented.
Part of the tax is subsequently distributed to the municipalities where the companies have employees and activity, among other things based on payroll totals.
The list thus shows where the tax is formally paid. Not necessarily where the values are created.
10. Ejendomsmægler Dennis Frederiksen Holding ApS
This is the holding company behind estate agent Dennis Frederiksen. Earnings typically come from profits in the brokerage business as well as any property investments. Thus, there is a clear connection to the local housing market and activity in property transactions on Lolland-Falster. In an active market, this provides high dividends to the holding company. This is reflected in a corporation tax of 2.9 million DKK.
11. INV Finans A/S
INV Finans A/S is a financial company that works with investment and asset management. The company operates as an investment unit, where earnings come from returns on securities and financial transactions. It is therefore not a traditional operating company with employees and production. The result largely depends on developments in the financial markets and the company's own investments. In the latest accounts, this results in a corporation tax of 2.5 million DKK. The owners are Henrik and Kristian Løftegaard.
