VELFAC Due Diligence
Run due diligence on VELFAC: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Villum Fonden (Denmark) · velfac.dk · 24 vendors
VELFAC A/S is a Danish company that designs and manufactures windows and doors, primarily composite windows made of aluminium and wood. The company is known for its slim frame design, which maximizes natural light and offers energy efficiency. VELFAC is a subsidiary of DOVISTA A/S, which is part of VKR Holding A/S.
Resilience scores
- Digital Sovereignty: 42
- Digital Resilience: 7
- Financial Resilience: 8
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Insights
Last updated 2026-09-13 · revision 1
24 direct vendors, 226 subvendors
Direct vendors by controlling owner country (sample)
- Germany: 1
- Denmark: 6
- France: 2
Subvendors by controlling owner country (sample)
- Moldova: 1
- Netherlands: 3
- United Kingdom: 2
Compliance
10 in-scope frameworks identified; showing 3.
EU Construction Products Regulation — Evidence found
Evidence: https://velfac.dk/om-velfac/baredygtighed/certificering/, https://produkter.velfac.dk/downloads/19599/19605, https://dvv.dk/
FSC Certification — Evidence found
Evidence: https://velfac.dk/om-velfac/baredygtighed/certificering/, https://velfac.dk/om-velfac/baredygtighed/certificering/fsc/
ISO 9001 — Evidence found
Evidence: https://velfac.dk/om-velfac/baredygtighed/certificering/, https://www.ds.dk/da/om-standarder/ledelsesstandarder/iso-9001-kvalitetsledelse
Financials
Three-year financials
- 2025: revenue DKK 2.25B, EBIT DKK -121M, equity DKK 2.59B
- 2024: revenue DKK 2.28B, EBIT DKK -19.2M, equity DKK 2.41B
- 2002: revenue DKK 2.40B, equity DKK 2.30B
Financial Resilience Score: 8/10
DOVISTA A/S (owner of the VELFAC brand) demonstrates strong financial resilience underpinned by its ownership within VKR Holding, one of the most robust privately-held industrial groups in Scandinavia and also owner of VELUX. This ownership structure, ultimately controlled through the Kann Rasmussen foundation, provides long-term patient capital and materially reduces refinancing risk during cyclical downturns. The group historically maintains a solidity ratio (equity/total assets) above 40%, offering substantial downturn buffer. DOVISTA is a top-tier Nordic/European window group with revenue in the ~DKK 10 billion range and over 5,000 employees, holding #1 or #2 market position in the Nordics. Its multi-brand, multi-country platform (VELFAC, Rationel, NorDan, Gaulhofer, Natre, Outline, etc.) provides diversification across channels and geographies. Vertical integration in glass, aluminum profile processing and R&D further strengthens competitive positioning. However, 2023-2024 represents the first material cyclical setback since the 2008-2010 financial crisis. European interest-rate normalization has crushed housing transactions and renovation demand, materially impacting revenue and EBIT versus the 2021-2022 peak. DOVISTA publicly announced layoffs and capacity adjustments across Nordic sites in 2023, and restructuring charges will continue to weigh on reported EBIT. Despite these headwinds, the group's underlying financial strength and ownership structure support a high resilience score.
Key strengths: Ownership by VKR Holding / Kann Rasmussen foundation providing long-term capital, High historical solidity ratio (equity/total assets typically >40%), Multi-brand, multi-country platform diversifying channel and geography risk, #1 or #2 window group position in the Nordics with strong brand equity, Vertical integration in glass, aluminum profile processing and R&D, Revenue grew ~3× over 15 years from DKK 3-4B (mid-2000s) to ~DKK 10B (2022)
Risk factors: High cyclicality tied to residential new-build and renovation (RMI) markets, Steep 2023-2024 downturn in Nordic and UK housing, Input-cost volatility in aluminum, glass, timber, energy and freight, Wage inflation in Denmark, Norway and Sweden in labor-intensive assembly, Concentration in Northern/Western Europe with limited exposure to growth markets, Tightening EU CO₂/embodied-carbon regulation requiring continued capex, Ongoing restructuring charges weighing on reported EBIT
Revenue by geography
- Nordics (DK, NO, SE, FI): 60%
- UK and Ireland: 18%
- Continental Europe (AT/DE/PL/BE/NL): 18%
- Rest of World: 4%
Revenue by product/service
- Wood and wood/aluminum windows: 75%
- Exterior doors (residential and commercial): 17%
- Sliding doors, terrace doors and specialty: 8%
Workforce by country
- Norway: 1750
- Denmark: 1750
- Austria and Germany: 650
- United Kingdom and Ireland: 650
- Sweden: 500
- Poland and Lithuania: 400
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