UTILITY DEVELOPMENT A/S

CVR 11988296 · Public limited company (A/S) · Active · Low risk

UTILITY DEVELOPMENT A/S is a Public limited company (A/S), founded on 1 March 1988, based in Hellerup. The company is registered in the industry anden udlejning af boliger. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 76.8m and a net result of DKK 1.8m. CEO: Jørgen Gunnar Havemann.

Bankruptcy risk for UTILITY DEVELOPMENT A/S

0.0%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

RegionHovedstaden · bankruptcy rate 11.6%1.3×

CEO changes1 · bankruptcy rate 11.4%1.3×

Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

Current ratio200%–500% · bankruptcy rate 3.4%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number: 11988296
Status: Active
Company type: Public limited company (A/S)
Founded: 1 March 1988 (38 years)
Address: Strandvejen 118
2900 Hellerup
Municipality: Gentofte
Industry: Anden udlejning af boliger (682030)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 3.1m
Employees: 2 (2018)
Auditor: BDO Statsautoriseret Revisionspartnerselskab
Audit opted out: No

Warning signs

Annual reports filed late	0 of 30
Missing annual report	No
Negative equity	No
Equity ratio	44.1%
Current ratio	485%
Moves (last 2 years)	0
CEO changes in total	1
CEO's previous bankruptcies	0
Other companies at the address	41
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024	2023
Gross profit	DKK 4.3m	DKK 4.3m	DKK 3.9m
Net profit	DKK 1.8m	DKK 3.1m	DKK 2.2m
Equity	DKK 76.8m	DKK 79.0m	DKK 75.9m
Total assets	DKK 174.2m	DKK 176.6m	DKK 196.6m
Cash	DKK 822k	DKK 837k	–
Short-term debt	DKK 9.1m	DKK 8.4m	–
Tax owed	–	DKK 0	–
Avg. employees	1	2	–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	5 Jun 2026	156
1 Jan 2024 – 31 Dec 2024	13 Jun 2025	164
1 Jan 2023 – 31 Dec 2023	11 Jun 2024	163
1 Jan 2022 – 31 Dec 2022	23 May 2023	143
1 Jan 2021 – 31 Dec 2021	1 Jun 2022	152
1 Jan 2020 – 31 Dec 2020	21 May 2021	141
1 Jan 2019 – 31 Dec 2019	9 Jun 2020	161
1 Jan 2018 – 31 Dec 2018	7 May 2019	127
1 Jan 2017 – 31 Dec 2017	7 Jun 2018	158
1 Jan 2016 – 31 Dec 2016	4 May 2017	124
1 Jan 2015 – 31 Dec 2015	25 May 2016	146
1 Jan 2014 – 31 Dec 2014	29 May 2015	149
1 Jan 2013 – 31 Dec 2013	5 Jun 2014	156
1 Jan 2012 – 31 Dec 2012	18 Mar 2013	77
1 Jan 2011 – 31 Dec 2011	6 Jun 2012	158
1 Jan 2010 – 31 Dec 2010	29 May 2011	149
1 Apr 2008 – 31 Mar 2009	7 Sep 2009	160
1 Apr 2007 – 31 Mar 2008	11 Sep 2008	164
1 Apr 2006 – 31 Mar 2007	26 Aug 2007	148
1 Apr 2005 – 31 Mar 2006	26 Jun 2006	87

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

Role	Name	From	To
CEO	Jørgen Gunnar Havemann	1 Mar 1988	Current
CEO	Per Emil Hasselbalch Stakemann	1 Mar 1988	26 Jul 1988
Board	Jørgen Gunnar Havemann	1 Mar 1988	Current
Board	Marianne Havemann	27 Jun 1996	Current
Board	Thomas Johan Havemann	2 Jun 2003	Current
Board	Jens Gunnar Havemann	2 Jun 2003	Current
Board	Per Skov	25 Aug 2005	Current
Board	Ulf Svejgaard Poulsen	1 Mar 1988	26 Jul 1988
Board	Susanne Saul Stakemann	1 Mar 1988	26 Jul 1988
Board	Svend Erik Poulsen	1 Mar 1988	2 Jun 2003
Board	Erik Guldfeldt-Hansen	1 Mar 1988	2 Jun 2003
Board	Per Emil Hasselbalch Stakemann	1 Mar 1988	26 Jul 1988
Owner (50%)	T4 Holding ApS	13 Jun 2008	Current
Owner (15%)	COBRA HOLDING ApS	13 Jun 2008	Current
Owner (33%)	Viking Holding BVBA	13 Jun 2008	Current
Auditor	BDO Statsautoriseret Revisionspartnerselskab	15 Aug 2025	Current
Auditor	Erik Tronborg Andersen	1 Mar 1988	26 Jul 1988
Auditor	Kpmg C Jespersen	1 Mar 1988	21 Aug 1992
Auditor	EJENDOMSSELSKABET TINGHUSGADE ApS	21 Aug 1992	26 May 1994
Auditor	Kpmg C Jespersen	26 May 1994	12 Aug 2008
Auditor	EY Godkendt Revisionspartnerselskab	12 Aug 2008	11 May 2021
Auditor	BDO Holding VII, statsautoriseret revisionsaktieselskab	11 May 2021	15 Aug 2025
Founder	VX 10.312 ApS	1 Mar 1988	Current
Founder	ApS HVKMD 5 NR. 555	1 Mar 1988	Current
Founder	PEHSB ApS	1 Mar 1988	Current

The CEOs' other companies

Jørgen Gunnar Havemann – 18 other companies, of which 1 bankrupt

N.D.T. INTERNATIONAL ApS Bankrupt 15 Nov 2006
ApS AF 1/3 1988 NR. 10 Compulsorily dissolved
B2 EJENDOMME ApS Active
B2 FRISKOHUS ApS Active
B2 HOLDING A/S Active
B2 MARGRETHEHØJPARKEN ApS Active
COBRA HOLDING ApS Active
EJENDOMSSELSKABET SKANDERBORGHUS A/S Fusioneret
HAVEMANN CAPITAL A/S Active
ML Industries A/S Active
NORDLUX A/S Active
NORDLUX INVEST A/S Active
NX HOLDING A/S Active
NYTECH, JERN- OG METALVAREINDUSTRI A/S Active
RYTTERS KAGER A/S Fusioneret
SAB HOLDING A/S Active
UTILITY HOLDING ApS Fusioneret
UTILITY TRADING ApS Opløst

Per Emil Hasselbalch Stakemann – 45 other companies, of which 45 bankrupt

"HEDEVANG MØBLER A/S" Bankrupt 27 Nov 1990
"J.A.M. TRANSPORTBÅND A/S" Bankrupt 18 Aug 1993
"NELLE'S RENGØRING A/S" Bankrupt 16 Jul 1990
'HG 405 PAVIA AF HIRTSHALS ApS' Bankrupt 4 Jul 2007
'ZOO-TEX ApS' Bankrupt 25 Nov 2016
02 HOLDING A/S Bankrupt 16 Oct 2008
09.28 ANNO 2007 ApS Bankrupt 13 Feb 2009
1/7 1987 A/S Bankrupt 21 Aug 2003
100 GB ApS Bankrupt 5 May 1994
11 DESIGN A/S Bankrupt 28 Apr 2015
1356 INVEST ApS Bankrupt 8 Apr 2011
15/11 1990 A/S Bankrupt 11 Oct 1994
15689382 ApS Bankrupt 26 Jun 2017
19.09.2021 ApS Bankrupt 8 Dec 2023
23/5 914 ApS Bankrupt 25 Jun 1991
3 X 65 SERVICE ApS Bankrupt 3 Mar 1997
3 X P A/S Bankrupt 10 Sep 1990
31.12.2007 X A/S Bankrupt 28 Oct 2008
3B DEVELOPMENT GROUP ApS Bankrupt 2 Nov 2006
4 FONTANE ApS Bankrupt 2 Oct 2002
4A MANAGEMENT ApS Bankrupt 7 May 1992
7 9 13 FORSIKRINGSERVICE ApS Bankrupt 20 Mar 2024
A - INFORMATIK A/S Bankrupt 9 Oct 2013
A J J FINANS NR. 1 ApS Bankrupt 23 Feb 1995
A'SHARQ TV ApS Bankrupt 26 Nov 1992
A-T SPECIALENTREPRICE ApS Bankrupt 3 Aug 2001
A. K. OLIE ApS Bankrupt 18 Nov 2008
A. UNO ApS Bankrupt 19 Jan 1996
A.B. BYG ApS Bankrupt 4 Dec 1996
A.H. GRAFIK ApS Bankrupt 23 Jan 1990

Address history (3 moves)

20 Nov 2014	Strandvejen 118, 2900 Hellerup
30 Jul 2009	c/o Jørgen G. Havemann, Svanehøj 21, 1. tv, 9000 Aalborg
10 Nov 2008	Klostermarken 38, 9000 Aalborg
1 Mar 1988	Karlskogavej 8, 9200 Aalborg SV

Former names

UTILITY DEVELOPMENT A/S	19 Jun 2003 – now
NORDLUX HOLDING A/S	20 Feb 1991 – 18 Jun 2003
NORDLUX A/S	27 Jul 1988 – 19 Feb 1991
A/S PSE NR.2632	1 Mar 1988 – 26 Jul 1988

Employees per year

Other companies at the same address

ADVANCED SOFTWARE TECHNOLOGY DANMARK ApS Compulsorily dissolved
B2 EJENDOMME ApS Active
B2 ELLEBRINKEN ApS Active
B2 ENGELUNDSPARKEN ApS Active
B2 FRISKOHUS ApS Active
B2 HOLDING A/S Active
B2 MARGRETHEHØJPARKEN ApS Active
B2 OLOF PALMES ALLÉ ApS Active
BH5 Holding ApS Active
CAD CONSULT ApS Opløst
CAND SELV ApS Opløst
COBRA HOLDING ApS Active
E3 HOLDING ApS Active
E4 Holding ApS Active
EJENDOMSSELSKABET F16 ApS Active
EJENDOMSSELSKABET MLV ApS Active
EJENDOMSSELSKABET SØHUSENE ApS Active
Ejendomsselskabet JMG ApS Active
Ejendomsselskabet KBK ApS Active
Ejendomsselskabet KLVP ApS Active
Ejendomsselskabet MSM ApS Active
Ejendomsselskabet SMV ApS Active
Ejendomsselskabet SMV2 ApS Active
Ejendomsselskabet TGH ApS Active
Ejendomsselskabet VDF ApS Active

Similar companies in Gentofte

Questions and answers about UTILITY DEVELOPMENT A/S

Has UTILITY DEVELOPMENT A/S gone bankrupt?

No, UTILITY DEVELOPMENT A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of UTILITY DEVELOPMENT A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of UTILITY DEVELOPMENT A/S?

Jørgen Gunnar Havemann is the CEO of UTILITY DEVELOPMENT A/S.

Who is the auditor of UTILITY DEVELOPMENT A/S?

UTILITY DEVELOPMENT A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was UTILITY DEVELOPMENT A/S founded?

UTILITY DEVELOPMENT A/S was founded on 1 March 1988.

What is the equity of UTILITY DEVELOPMENT A/S?

Equity was DKK 76.8m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.