PAA PROJECT FINANCE A/S
CVR 14853448 · Public limited company (A/S) · Active · Low risk
PAA PROJECT FINANCE A/S is a Public limited company (A/S), founded on , based in Glostrup. The company is registered in the industry andre aktiviteter i forbindelse med finansielle tjenesteydelser, undtagen forsikring og pensionsforsikring. 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 (30 Sep 2025) shows equity of DKK 7.8m and a net result of DKK 1.2m. CEO: Anne Ulderup, Knud Kjærgaard Christensen.
Bankruptcy risk for PAA PROJECT FINANCE 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
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%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×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
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
- 14853448
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (36 years)
- Address
- Ejby Industrivej 41
2600 Glostrup - Municipality
- Glostrup
- Industry
- Andre aktiviteter i forbindelse med finansielle tjenesteydelser, undtagen forsikring og pensionsforsikring (661900)
Bankruptcies in the industry: Formueforvaltning - Share capital
- DKK 1.0m
- Employees
- 2 (2018)
- Auditor
- DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 1 of 30 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 53.9% |
| Current ratio | 217% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 14 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 0 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 5.5m | DKK 7.1m |
| Net profit | DKK 1.2m | DKK 3.1m |
| Equity | DKK 7.8m | DKK 11.6m |
| Total assets | DKK 14.5m | DKK 19.1m |
| Cash | DKK 0 | – |
| Short-term debt | DKK 6.7m | – |
| Tax owed | DKK 408k | – |
| Avg. employees | 2 | – |
Latest annual report: Reporting class B · auditor's statement: Auditor's report on extended review · DeloitteStatsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Oct 2024 – 30 Sep 2025 | 125 | ||
| 1 Oct 2023 – 30 Sep 2024 | 143 | ||
| 1 Oct 2022 – 30 Sep 2023 | 158 | ||
| 1 Oct 2021 – 30 Sep 2022 | 126 | ||
| 1 Oct 2020 – 30 Sep 2021 | 138 | ||
| 1 Oct 2019 – 30 Sep 2020 | 139 | ||
| 1 Oct 2018 – 30 Sep 2019 | 112 | ||
| 1 Oct 2017 – 30 Sep 2018 | 110 | ||
| 1 Oct 2016 – 30 Sep 2017 | 164 | ||
| 1 Oct 2015 – 30 Sep 2016 | 157 | ||
| 1 Oct 2014 – 30 Sep 2015 | 167 | ||
| 1 Oct 2013 – 30 Sep 2014 | 148 | ||
| 1 Oct 2012 – 30 Sep 2013 | 136 | ||
| 1 Oct 2011 – 30 Sep 2012 | 161 | ||
| 1 Oct 2010 – 30 Sep 2011 | 151 | ||
| 1 Oct 2009 – 30 Sep 2010 | 143 | ||
| 1 Oct 2008 – 30 Sep 2009 | 123 | ||
| 1 Oct 2007 – 30 Sep 2008 | 149 | ||
| 1 Jan 2006 – 31 Dec 2006 | 143 | ||
| 1 Jan 2005 – 31 Dec 2005 | 153 |
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 | Anne Ulderup | Current | |
| CEO | Knud Kjærgaard Christensen | Current | |
| CEO | Svend Aage Asger Larsen | ||
| CEO | Rene Schwartz Hansen | ||
| CEO | Preben Kim Toft | ||
| CEO | John Szygenda | ||
| CEO | Ole Steen Christensen | ||
| CEO | Kurt Peter Carlsen | ||
| CEO | Lars Carlsen | ||
| Board | Mogens Vedel Hestbæk | Current | |
| Board | Jesper Kristian Jacobsen | Current | |
| Board | Christian Trier | Current | |
| Board | Vibeke Holbøll | ||
| Board | Poul Christian Gowers Lund | ||
| Board | Svend Aage Asger Larsen | ||
| Board | Rene Schwartz Hansen | ||
| Board | Hans Peter Holst | ||
| Board | Hans Christen Jensen | ||
| Board | Carsten Dencker Nielsen | ||
| Board | Karsten Borch | ||
| Board | Niels Henrik Jensen | ||
| Board | Preben Kim Toft | ||
| Board | Poul Christian Gowers Lund | ||
| Board | Rene Schwartz Hansen | ||
| Board | Viggo Dam Hansen | ||
| Board | Ole Steen Christensen | ||
| Board | John Szygenda | ||
| Board | Hans Ingvard Christensen | ||
| Board | Kurt Peter Carlsen | ||
| Board | Ebbe Malte Iversen | ||
| Board | Lars Carlsen | ||
| Board | Nicolai Schultz | ||
| Owner (100%) | Per Aarsleff Holding A/S | Current | |
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | EY Danmark A/S | ||
| Auditor | CJ Partnership I/S | ||
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | SCANDINAVIAN JOINT SHIPPING SERVICE ApS | Current | |
| Founder | DUMEX NUTRITION LTD. A/S | Current | |
| Founder | Det Østasiatiske Kompagni A/S | Current |
The CEOs' other companies
Svend Aage Asger Larsen – 26 other companies
- AKTIESELSKABET NAKSKOV SKIBSVÆRFT Opløst
- ASX 15.289 A/S Opløst
- ASX 9447 ApS Active
- ApS NORDIC TANKSHIPS LIMITED Opløst
- BLOCH & BEHRENS EUROPE ApS Opløst
- Bjerg ApS Fusioneret
- COMPUDAN A/S Fusioneret
- COMPUDAN ApS Fusioneret
- DANISH WEST AFRICA SERVICE LTD. A/S Opløst
- DET ØSTASIATISKE KOMPAGNIS HOLDING-AKTIESELSKAB ( THE EAST ASIATIC COMPANY'S HOLDING CO., Opløst
- DS INDUSTRIES ApS Opløst
- DS-CASCHEM INDUSTRIES LTD. ApS Opløst
- DUMEX NUTRITION LTD. A/S Active
- EAC CONSUMER PRODUCTS LTD. ApS Opløst
- EAC LINES INTER ASIA SERVICES LTD. ApS Opløst
- EAC TECHNICAL MARKETING LTD. ApS Opløst
- EAC TIMBER LTD. A/S Opløst
- ES ApS Opløst
- HEIDELBERG (KOREA) LTD. ApS Fusioneret
- HEIDELBERG INTERNATIONAL LTD. A/S Active
- INTERNATIONAL NUTRITION CO. LTD. A/S Active
- PMA ApS Opløst
- SCANDINAVIAN JOINT SHIPPING SERVICE ApS Active
- ULTRABULK A/S Active
- ZMI A/S Active
- ØSTJYSK PYNTEGRØNTFORSYNING ApS Compulsorily dissolved
Rene Schwartz Hansen – 17 other companies, of which 4 bankrupt
- BAY JACOBSEN A/S Bankrupt 3 May 1991
- NORDISK FJER FRITID A/S Bankrupt 28 Feb 1991
- NORDISK FJER SENGE- & BOLIGUDSTYR A/S Bankrupt 25 Feb 1991
- ORTH PLAST A/S Bankrupt 6 Jul 1990
- A/S REDERIET SELANDIA Opløst
- BLOCH & BEHRENS ApS Fusioneret
- COMPUDAN A/S Fusioneret
- COMPUDAN ApS Fusioneret
- CORRAL LINE ApS Active
- DANSK FJERFABRIK AKTIESELSKAB Opløst
- EAC TECHNICAL MARKETING LTD. ApS Opløst
- EAC TIMBER LTD. A/S Opløst
- EJENDOMSAKTIESELSKABET BORUPVEJ 20 Opløst
- EJENDOMSSELSKABET NIKOLAJ PLADS 34KØBENHAVN ApS Opløst
- KIMS ASIA DENMARK A/S Opløst
- MALERFIRMAET KUSK & SØN A/S Active
- METRO CONSOLIDATORS A/S Fusioneret
Preben Kim Toft – 10 other companies
- A/S REDERIET SELANDIA Opløst
- BLOCH & BEHRENS ApS Fusioneret
- DS INDUSTRIES ApS Opløst
- DS-CASCHEM INDUSTRIES LTD. ApS Opløst
- EAC CONSUMER PRODUCTS LTD. ApS Opløst
- EAC TECHNICAL MARKETING LTD. ApS Opløst
- EAC TIMBER LTD. A/S Opløst
- EJENDOMSSELSKABET NIKOLAJ PLADS 34KØBENHAVN ApS Opløst
- KIMS ASIA DENMARK A/S Opløst
- METRO CONSOLIDATORS A/S Fusioneret
John Szygenda – 12 other companies
- AARSLEFF RAIL A/S Active
- ARPIPE HOLDING A/S Opløst
- BRØDRENE HEDEGAARD A/S Fusioneret
- DANJORD A/S Active
- DANPIPE A/S Opløst
- ENTREPRENØRFIRMAET ØSTERGAARD, VEJLE A/S Active
- OESTERGAARD INTERNATIONAL A/S Fusioneret
- PAA2024 A/S Opløst
- PER AARSLEFF EAST AFRICA A/S Active
- SPARBANK A/S Fusioneret
- UKAR-PIPE HOLDING A/S Opløst
- VIBRODENS A/S Fusioneret
Ole Steen Christensen – 5 other companies
- DWS HOLDING ApS Opløst
- MT HØJGAARD GRØNLAND ApS Active
- PER AARSLEFF GRØNLAND ApS Active
- SUSTAINWATER A/S Opløst
- SVEND ÅGE NIELSEN & BRANDT A/S Fusioneret
Kurt Peter Carlsen – 4 other companies, of which 1 bankrupt
- E. PIHL & SØN A/S Bankrupt 26 Aug 2013
- PER AARSLEFF EAST AFRICA A/S Active
- PER AARSLEFF GRØNLAND ApS Active
- Per Aarsleff West Africa A/S Active
Lars Carlsen – 16 other companies
- ATLAS A/S Opløst
- BRØDRENE HEDEGAARD A/S Fusioneret
- DANJORD A/S Active
- ENTREPRENØRFIRMAET ØSTERGAARD, VEJLE A/S Active
- HANSSON & KNUDSEN A/S Active
- MT Højgaard Danmark A/S Active
- MT Højgaard International A/S Active
- OESTERGAARD INTERNATIONAL A/S Fusioneret
- PER AARSLEFF EAST AFRICA A/S Active
- PER AARSLEFF GRØNLAND ApS Active
- Per Aarsleff A/S Active
- Per Aarsleff Holding A/S Active
- Per Aarsleff Mediterranean A/S Opløst
- Per Aarsleff West Africa A/S Active
- Selskabet af 1.Juni 2021 ApS Opløst
- WICOTEC KIRKEBJERG A/S Active
Address history (4 moves)
| Ejby Industrivej 41, 2600 Glostrup | |
| Industriholmen 2, 2650 Hvidovre | |
| c/o Per Aarsleff, Lokesvej 15, 8230 Åbyhøj | |
| Indiakaj 20, 2100 København Ø | |
| Nikolaj Plads 34, 1067 København K |
Former names
| PAA PROJECT FINANCE A/S | – now |
| EAC TRADING LTD. A/S | – |
| SJP A/S | – |
Employees per year
Other companies at the same address
- PETRI & HAUGSTED A/S Active
Similar companies in Glostrup
- SEJR Financial Services ApS Glostrup
- Pendtrix Invest ApS Glostrup
- RECOGNIZED ApS Glostrup
Questions and answers about PAA PROJECT FINANCE A/S
Has PAA PROJECT FINANCE A/S gone bankrupt?
No, PAA PROJECT FINANCE A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of PAA PROJECT FINANCE 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 PAA PROJECT FINANCE A/S?
Anne Ulderup, Knud Kjærgaard Christensen are the CEOs of PAA PROJECT FINANCE A/S.
Who is the auditor of PAA PROJECT FINANCE A/S?
PAA PROJECT FINANCE A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was PAA PROJECT FINANCE A/S founded?
PAA PROJECT FINANCE A/S was founded on 12 October 1990.
What is the equity of PAA PROJECT FINANCE A/S?
Equity was DKK 7.8m according to the annual report for the period ending 30 September 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.