Wicotec Kirkebjerg A/S Due Diligence

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

Denmark · owned by Per Aarsleff Holding A/S (Denmark) · wk.dk · 10 vendors

Wicotec Kirkebjerg A/S is a nationwide Danish technical contractor and service partner operating across the construction, industry, and infrastructure markets. The company specialises in electrical, plumbing (VVS), ventilation, and civil engineering installations, employing over 1,900 staff and generating revenues exceeding DKK 3 billion annually. It is headquartered in Taastrup, Denmark, and is 100% owned by the Per Aarsleff A/S group.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 10 sub-vendors.

Insights

Last updated 2026-10-15 · revision 2

10 direct vendors, 144 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 6/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

The company's strong and consistent financial growth provides a solid foundation to fund potential migration initiatives. A key advantage is the absence of specified data residency requirements, which often pose significant hurdles in cloud migration projects. However, the listed internal tech stack (WordPress, Google Site Kit, Vimeo, Mindkey) does not indicate a modern, cloud-native, containerized, or microservices-based architecture for their core operational systems. This suggests that a migration might involve re-architecting or significant refactoring of existing applications, increasing complexity and cost. The 'Medium' vendor lock-in risk implies that disentangling from current vendor contracts or systems could present challenges and require careful planning. While they operate within a regulated environment (Danish building codes, environmental, health & safety), the lack of specific certifications or detailed compliance requirements for cloud environments means these aspects would need thorough assessment during migration planning.

Compliance

11 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — No public evidence

An ISAE 3000 assurance report could be used to provide independent assurance over non-financial information, such as the company's sustainability reporting (ESG) or specific compliance claims, which could be relevant to its stakeholders.

BR18 — Evidence found

The company operates as a technical contractor in the Danish construction sector and is therefore subject to the Danish Building Regulation 2018 (BR18), which includes requirements for energy consumption and CO2 emissions.

ISO 27001 (source) — No public evidence

Given the company's work on critical infrastructure and its likely status as an essential entity under NIS2, an ISO 27001 certification would be a recognized way to demonstrate a systematic approach to information security management.

Financials

Three-year financials

Financial Resilience Score: 8/10

Wicotec Kirkebjerg demonstrates strong financial resilience supported by its position within the Per Aarsleff Holding group, a large listed Danish construction/engineering conglomerate. Equity has nearly doubled from DKK 266M in FY20/21 to DKK 495M in FY24/25, with the solvency ratio climbing to 28.9% - robust for a technical contractor. Revenue has nearly doubled over five years (CAGR ~17%), and net profit margin has expanded from ~1.1% to ~3.0%, reflecting scale efficiencies and shift toward higher-value technical disciplines. The company benefits from a multi-year visible order book including mega-projects such as New North Zealand Hospital, Mary Elizabeth's Hospital, Vestforbrændingen district heating, Novo Nordisk facilities, Microsoft data centers, and a DKK 2B+ district heating framework contract. As the largest Danish company in its primary NACE sector by employees, it holds scale leadership. However, EBIT margins of 3-4% leave little buffer for cost overruns, working capital intensity is high due to long-duration projects, and the business is concentrated in Danish construction/infrastructure cyclicality. The recent Rent-Tech acquisition (DKK 700M revenue, 500+ employees) adds integration risk.

Key strengths: Strong parent backing from Per Aarsleff Holding A/S (listed conglomerate), Equity grew from DKK 266M to DKK 495M over 5 years; solvency ratio 28.9%, Diversified order book of mega-projects providing multi-year visibility, DKK 2B+ district heating framework contract in Furesø/Egedal/Frederikssund, Largest Danish company in installation of plumbing/heating/air-conditioning by employees, Revenue CAGR ~17% over 5 years with margin expansion, Successful M&A integration track record (M.D. Rustfri pharma specialist)

Risk factors: Thin EBIT margin structure (3-4%) leaves little buffer for cost overruns, High working capital intensity from long-duration projects, Concentrated exposure to Danish/Nordic construction cyclicality, Integration risk from Rent-Tech acquisition (500+ employees, DKK 700M revenue), Dependence on public/pharma capex cycles

Revenue by geography

Workforce by country

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