A public pillory or a way for citizens to scrutinize companies. The debate was large and divisive when the S-R-SF government decided in 2012 to publish how much tax companies pay in Denmark. Successive governments have not changed what the red majority decided back then, and therefore the lists are still publicly available.
In 2022, which are the latest available figures, Novo Nordisk topped the list, contributing 8.6 billion DKK to the state treasury. In total, more than 94 billion was paid in corporate tax in 2022. The tax is 22 percent of the year's profit.
1: Lollands Bank A/S, Nakskov - Corporate tax: 13,465,276 DKK
A major local player with branches in Nakskov, Maribo, Nykøbing Falster, and Vordingborg. The bank offers financial solutions to both private and business customers. The bank emphasizes being a solid, locally rooted bank with close relationships with its customers.
Taxable income: 61,205,840 DKK
2: Møns Bank A/S, Stege - Corporate tax: 11,765,003 DKK
Møns Bank is a local bank headquartered in Stege on Møn. The bank offers financial solutions to both private and business customers with a focus on personal advice and local anchoring. Møns Bank has branches in several cities in Zealand and Lolland-Falster and emphasizes proximity to customers and solid local knowledge.
Taxable income: 53,535,231 DKK
3: KJV Finans A/S, Nykøbing - Corporate tax: 7,623,220 DKK
This is how we did it
The tax lists are public and can be found on the tax authority's website. We then matched the list with CVR numbers from the companies that have filed accounts in Vordingborg, Guldborgsund, and Lolland Municipality.
Financing company specialized in leasing and financial solutions for businesses. Now called INV Finans.
Taxable income: 34,651,023 DKK
4: REFA Energi Holding A/S, Nykøbing - Corporate tax: 6,305,508 DKK
REFA is an environmental company that handles waste and energy in Lolland-Falster. The company offers waste collection, recycling, and energy production to both private households and businesses in the area.
Taxable income: 28,661,465 DKK.
5: Viking Malt A/S, Vordingborg - Corporate tax: 6,049,978 DKK.
If you drink a Carlsberg or Heineken, it might contain barley from local farmers in the region. Viking Malt exclusively uses locally grown barley, and its customers are precisely the large breweries. Viking Malt is part of a Finnish privately-owned group with six malt houses in Europe.
Taxable income: 27,499,997 DKK.
6: Comflex Invest ApS, Mern - Corporate tax: 2,917,398 DKK.
Investment company focused on property development.
Taxable income: 13,260,903 DKK.
7: RH Service Team ApS, Torrig - Corporate tax: 2,445,542 DKK.
The company specializes in general cleaning of buildings and also offers services in grocery retail and operation of fitness centers.
Taxable income: 11,116,119 DKK
8: Benoni M. Holding ApS, Maribo - Corporate tax: 2,330,372 DKK
Holding company with investments in real estate and finance.
Taxable income: 10,592,603 DKK
9: Triocon ApS, Stubbekøbing - Corporate tax: 2,264,372 DKK
The company specializes in consulting, teaching, and educational activities. They offer, among other things, Preparatory Adult Education (FVU) in Danish and mathematics, dyslexia teaching, and career guidance.
Taxable income: 10,292,613 DKK
10: IBKA A/S - Corporate tax: 2,228,754 DKK
IBKA A/S is one of Denmark's leading companies in industrial cleaning. They offer services such as high-pressure cleaning, dry material suction, industrial sludge suction, and decanting of sludge products.
Taxable income: 10,130,792 DKK
11: Ellehavegaard A/S, Nykøbing - Corporate tax: 2,151,556 DKK
Ellehavegaard is a modern farm. The operation includes 440 hectares of own land and 35 hectares of leased land, where crops such as feed wheat, malting barley, winter rapeseed, grass seed, and sugar beets are grown. Additionally, around 9,000 slaughter pigs are produced annually.
Taxable income: 9,779,852 DKK
12: Jan Sørensen ApS, Nørre Alslev - Corporate tax: 2,101,044 DKK
The man behind, among others, MSE Enterprise.
Taxable income: 9,550,232 DKK
13: Hetag IFA Tagdækning A/S, Toreby - Corporate tax: 2,016,410 DKK
The company offers roofing solutions for both private and business customers in Zealand and Lolland-Falster. Their services include new construction, renovation, roof insulation, and sheet metal work.
Taxable income: 9,165,512 DKK.
14: Nordic Air Filtration A/S, Nakskov - Corporate tax: 1,913,010 DKK
Manufacturer of air filtration systems for the industry. In 2016, Nordic Air Filtration became part of the Hengst Group, an internationally recognized company in filtration technology. At the end of 2023, the name was changed to Hengst Air Filtration Denmark A/S as part of a global branding strategy.
Taxable income: 8,695,502 DKK.
15: JSBP Holding ApS, Sakskøbing - Corporate tax: 1,803,164 DKK
Investment company with activities in various sectors, including real estate and technology.
Taxable income: 8,196,212 DKK.
16: Karl Mertz Holding A/S, Sakskøbing - Corporate tax: 1,658,492 DKK
Karl Mertz Holding A/S owns, among others, Karl Mertz A/S, which specializes in the sale and service of agricultural and construction machinery. The company has branches in Nakskov, Sakskøbing, Horreby on Falster, Rønnede in South Zealand, and Sorø. Taxable income: 7,538,668 DKK.
17: Dansk Revision København A/S, Vordingborg - Corporate Tax: 1,376,496 DKK
Audit and advisory firm focusing on small and medium-sized enterprises.
Taxable income: 6,256,814 DKK.
18: Saxfjed A/S, Holeby - Corporate Tax: 1,317,013 DKK
Saxfjed A/S is a machinery station located at Alsøvej 25, 4960 Holeby. The company's purpose is to operate a machinery station and related business.
Taxable income: 6,025,272 DKK.
19: Kenneth Henriksen Holding ApS, Stege - Corporate Tax: 1,316,634 DKK
Holding company focusing on investments in the construction and civil engineering sector.
Taxable income: 5,984,710 DKK.
20: RM FINTECH APS ApS, Nørre Alslev - Corporate Tax: 1,295,844 DKK
RM Fintech specializes in precision machining of mechanical components. Since 2015, the company has been ISO 9001 certified.
Taxable income: 5,890,219 DKK
