HWA ApS

CVR 13977046 · Private limited company (ApS) · Active · Low risk

HWA ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry rejsearrangørers aktiviteter. 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, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 898k and a net result of DKK 1.1m.

Bankruptcy risk for HWA ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×
Postcode changes3+ · 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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×

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
13977046
Status
Active
Company type
Private limited company (ApS)
Founded
(36 years)
Address
H C Andersens Gade 9
8700 Horsens
Municipality
Horsens
Industry
Rejsearrangørers aktiviteter (791200)
Bankruptcies in the industry: Rejsearrangører
Share capital
DKK 50k
Employees
3 (2015)
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 31
Missing annual reportNo
Negative equityNo
Equity ratio62.3%
Current ratio265%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue–DKK 0DKK 0
Gross profitDKK 1.4mDKK -67kDKK -42k
Net profitDKK 1.1mDKK -61kDKK -43k
EquityDKK 898kDKK -211kDKK -150k
Total assetsDKK 1.4mDKK 35kDKK 26k
CashDKK 1.4mDKK 21k–
Short-term debtDKK 545kDKK 247k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019227 Late
1 Jan 2018 – 31 Dec 2018147
1 Jan 2017 – 31 Dec 2017158
1 Jan 2016 – 31 Dec 2016137
1 Jan 2015 – 31 Dec 2015161
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013151
1 Jan 2012 – 31 Dec 2012127
1 Jan 2011 – 31 Dec 2011157
1 Jan 2010 – 31 Dec 2010144
1 Jan 2009 – 31 Dec 2009147
1 Jan 2008 – 31 Dec 200864
1 Jan 2007 – 31 Dec 2007147
1 Jan 2006 – 31 Dec 2006142

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

RoleNameFromTo
CEOConni Wulff
CEOHenrik Wieland Andersen
CEOFlemming Thygesen Wulff
BoardMogens Lyster-Poulsen
BoardFlemming Thygesen Wulff
BoardMagne Simonsen Wulff
BoardHenning Thygesen Wulff
BoardConni Wulff
BoardHenrik Wieland Andersen
BoardHenrik Wieland Andersen
BoardFlemming Thygesen Wulff
BoardPoul Erik Andersen
BoardErling Secher
BoardNicolaj Alex Johansen
BoardMichael Nørgaard Jensen
BoardJohnny Børge Hansen
BoardMikael Brandt
BoardArne Mørch Jakobsen
BoardHenrik Wieland Andersen
BoardMalene Vibe Markussen
BoardHenrik Beuchert Nymark
BoardMalene Vibe Markussen
Owner (100%)MAMAHEMA Holding ApSCurrent
Owner (50%)MAMAHEMA Holding ApS
Owner (33%)C.J. HOLDING A/S
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMogens Lyster-PoulsenCurrent
FounderFlemming Thygesen WulffCurrent
FounderHenning Thygesen WulffCurrent

The CEOs' other companies

Conni Wulff – 3 other companies

Henrik Wieland Andersen – 1 other companies

Flemming Thygesen Wulff – 36 other companies, of which 1 bankrupt

Address history (6 moves)

H C Andersens Gade 9, 8700 Horsens
Fugholm 17, 8700 Horsens
Lundagervej 4, 8722 Hedensted
Herstedvang 7C, 2., 2620 Albertslund
Lundagervej 4, 8722 Hedensted
Lundagervej 4, 8722 Hedensted
Kongensgade 8, 8700 Horsens

Former names

HWA ApS – now
A/S SPORTCONCEPT INTERNATIONAL –
A/S IDRÆTSREJSER –
A/S HORSENS REJSER –
A/S PANTER REJSER –

Employees per year

Number of employees at HWA ApS per year352007: 320072008: 320082009: 320092011: 320112012: 520122013: 420132014: 520142015: 32015

Other companies at the same address

Similar companies in Horsens

Questions and answers about HWA ApS

Has HWA ApS gone bankrupt?

No, HWA ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of HWA ApS?

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 auditor of HWA ApS?

HWA ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was HWA ApS founded?

HWA ApS was founded on 2 January 1990.

What is the equity of HWA ApS?

Equity was DKK 898k 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.