NIRAS A/S Due Diligence

Run due diligence on NIRAS A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by NIRAS Fonden (Denmark) · www.niras.dk · 12 vendors

NIRAS A/S is an international, multidisciplinary consulting engineering company founded in Denmark. They provide impartial consultancy services across various fields including construction, infrastructure, public utilities, environmental and natural resources, climate change, energy, and life sciences. With a team of specialists, they offer sustainable solutions and project management globally.

Resilience scores

Technology vendors

Services catalogue

6 services in catalogue across 3 categories; runs on 12 sub-vendors.

Insights

Last updated 2026-09-13 · revision 1

12 direct vendors, 185 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://www.niras.dk/sektorer/data-digitalisering/

GDPR (source) — No public evidence

Evidence: https://www.niras.dk/compliance/, https://www.niras.dk/privacy-policy/

NIS2 (source) — No public evidence

Evidence: https://www.niras.dk/sektorer/energi/, https://www.niras.dk/sektorer/vand/, https://www.niras.dk/sektorer/infrastruktur/

Financials

Three-year financials

Financial Resilience Score: 8/10

NIRAS A/S demonstrates strong financial resilience underpinned by a robust balance sheet with an equity ratio of 39.7% (up from 35.0% in 2023), net interest-bearing cash of DKK 658M at year-end 2025, and no material interest-bearing debt. Cash flow from operations more than tripled to DKK 313M in 2025, reflecting strong working capital management. The foundation- and employee-ownership structure (NIRAS Fonden owns 72.72%) supports long-term thinking, reinvestment over dividend pressure, and management stability. The company's diversified portfolio across seven sectors and approximately 140 countries, combined with multi-year public-sector framework agreements (Danish Ministry of Defence, Norway's Bane NOR, Greenland Airports), provides revenue visibility. High employee satisfaction (89% globally) and below-industry turnover (13%) are critical strengths for a people-intensive consulting business. Own production has grown at a ~10% CAGR from 2021-2025. However, margin pressure is a concern: EBIT margin compressed from 6.0% in 2023 to 4.3% in 2025, and EBITA margin (6.2%) trails management aspirations. Sector-specific headwinds in 2025 (USAID suspension, EU CSRD slowdown, pharma slowdown, weaker green transition projects) and ongoing intangibles amortisation (DKK 52M in 2025) from prior acquisitions are dampening profitability. Overall, the balance sheet strength and stable ownership outweigh near-term margin challenges.

Key strengths: Strong equity ratio of 39.7% and rising trend, Net cash position of DKK 658M with no material interest-bearing debt, Operating cash flow tripled to DKK 313M in 2025, Foundation and employee ownership supports long-term reinvestment, Diversified across 7 sectors and ~140 countries, Multi-year public-sector framework agreements provide visibility, High employee satisfaction (89%) and low turnover (13%), Own production CAGR ~10% over 2021-2025, Current ratio 1.6x

Risk factors: Margin compression: EBIT margin dropped from 6.0% (2023) to 4.3% (2025), Process Industry segment hit by tariffs and Danish pharma slowdown, Development Consulting impacted by USAID funding suspension, Environment advisory impacted by EU CSRD/Omnibus slowdown, Green-transition projects (offshore wind, PtX, CCUS) below expectations, Goodwill and intangibles of DKK 299M with ongoing amortisation depressing EBIT, USD FX losses swung net financial items from +DKK 21M to -DKK 1M, One fatal workplace accident in 2025 with potential reputational risk, Several internal ESG targets will not be met by 2026, High geographic concentration in Denmark (62% of revenue)

Revenue by geography

Revenue by product/service

Workforce by country

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