COMBINEERING HOLDING A/S
COMBINEERING HOLDING A/S is a Danish holding company for a group focused on solutions that reduce waste, increase recycling, and lower CO2 emissions. The available reporting also indicates a corporate group structure with consolidated activities and a headquarters in Hellerup, Denmark.
Fiscal year 2022 · change from previous year
Development 2021–2022
Business
Share of revenueSolutions designed to reduce waste generation and improve resource efficiency.
Offerings that help separate, collect, process, or recover recyclable material.
Products and services intended to reduce carbon emissions in customer operations.
Parent-level management, financing, and oversight of group companies.
Customers
The company appears to sell into organizations that need practical tools to reduce waste streams, improve recycling rates, or lower environmental impact. Its end customers are likely industrial, municipal, and commercial users that buy these solutions to improve compliance, efficiency, and sustainability performance.
Buy waste and recycling solutions to improve process efficiency and reduce disposal needs.
Use recycling-related solutions to support collection, sorting, and waste management goals.
Purchase CO2- and waste-related solutions to meet ESG and operational targets.
Strategy
The group’s stated direction is centered on developing innovative solutions that reduce waste, maximize recycling, and cut CO2 emissions. The reporting also highlights ongoing ESG development and improved external reporting, indicating a strategy built around environmental positioning and operational credibility.
Product innovation supports differentiation in waste, recycling, and emissions reduction.
Better ESG disclosure supports credibility with customers, partners, and financiers.
Geography
The company is based in Denmark, with its headquarters in Hellerup. The available filing excerpt does not disclose a broader country or regional revenue split, so the geographic profile should be viewed as Denmark-centered from the disclosed information.
Risks
The business is exposed to execution risk in developing environmental technologies and to demand risk if customers delay spending on recycling or emissions-reduction projects. It also faces typical industrial and environmental-solution risks, including technology adoption, regulatory dependence, and the challenge of converting ESG themes into sustained commercial demand.
- Technology and product development riskImpact: HighLikelihood: Medium
The business depends on developing innovative solutions that customers will adopt and value.
Exposure: Waste reduction and recycling products
- Customer demand and adoption riskImpact: HighLikelihood: Medium
Environmental projects can be discretionary and may depend on customer budgets and priorities.
Exposure: Industrial and municipal customers
- Regulatory and ESG standards riskImpact: MediumLikelihood: Medium
Recycling and emissions-reduction markets are shaped by policy, reporting rules, and sustainability expectations.
Exposure: Environmental compliance and ESG positioning
Accounting
Judgemental itemsA holding company structure requires careful inclusion of subsidiaries and elimination of intra-group items.
Impact: Affects reported revenue, assets, and equity at group level
Environmental solution businesses may rely on estimated recoverable values for intangible or acquired assets.
Impact: Can materially change reported profit and asset values
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Last updated: 24/10/2026