COTES A/S

CVR 15200332 · Public limited company (A/S) · Active · Low risk

COTES A/S is a Public limited company (A/S), founded on , based in Viby J. The company is registered in the industry fremstilling af klimaanlæg, ikke til husholdningsbrug. 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 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 42.0m and a net result of DKK 18.2m.

Bankruptcy risk for COTES 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

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
15200332
Status
Active
Company type
Public limited company (A/S)
Founded
(35 years)
Address
Bjørnholms Allé 20, 1.
8260 Viby J
Municipality
Aarhus
Industry
Fremstilling af klimaanlæg, ikke til husholdningsbrug (282500)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 1.2m
Employees
43 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 31
Missing annual reportNo
Negative equityNo
Equity ratio56.4%
Current ratio202%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address28
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 53.3mDKK 40.0m
Net profitDKK 18.2mDKK -1.9m
EquityDKK 42.0mDKK 23.8m
Total assetsDKK 74.5mDKK 86.8m
CashDKK 5.0m–
Short-term debtDKK 29.9m–
Tax owedDKK 4.5m–
Avg. employees31–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025114
1 Jan 2024 – 31 Dec 2024128
1 Jan 2023 – 31 Dec 2023135
1 Jan 2022 – 31 Dec 2022186 Late
1 Jan 2021 – 31 Dec 2021132
1 Jan 2020 – 31 Dec 2020104
1 Jan 2019 – 31 Dec 2019150
1 Jan 2018 – 31 Dec 2018135
1 Jan 2017 – 31 Dec 2017137
1 Jan 2016 – 31 Dec 2016138
1 Jan 2015 – 31 Dec 2015123
1 Jan 2014 – 31 Dec 2014145
1 Jan 2013 – 31 Dec 2013124
1 Jan 2012 – 31 Dec 2012150
1 Jan 2011 – 31 Dec 2011152
1 Jan 2010 – 31 Dec 2010146
1 Jan 2009 – 31 Dec 2009185 Late
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 2007122
1 Jan 2006 – 31 Dec 2006156

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
CEOPer Emil Hasselbalch Stakemann
CEOSøren Rønnow Olesen
CEOHenning Spendrup Meyer
BoardCarlo VaninCurrent
BoardNicola BiondoCurrent
BoardMarino TanasCurrent
BoardStefano RuzzonCurrent
BoardHans Christian Galst
BoardUlf Svejgaard Poulsen
BoardSusanne Saul Stakemann
BoardBruno Månsson
BoardLaust Carsten Munkholm Sørensen
BoardPer Emil Hasselbalch Stakemann
BoardSøren Rønnow Olesen
BoardHendrik Eric Bonvanie
BoardJohannes Gerhardus Antonius Mollink
BoardThomas Rønnow
BoardFinn Mogensen
BoardTorben Melchior Hansen
BoardPeter Johansen Viereck
BoardThomas Rønnow
BoardTorben Melchior Hansen
BoardFlemming Poulfelt
BoardFlemming Poulfelt
BoardChristina Aabo
BoardMichael Ærø Olsen
BoardAxel Manøe Jepsen
BoardChristian Egemose Agger
BoardAxel Manøe Jepsen
Owner (100%)Carel Industries S.p.A.Current
Owner (33%)SRO HOLDING ApS
Owner (33%)TRO HOLDING ApS
Owner (20%)FONDEN SPRING NORDIC
Owner (33%)SRO Cotes ApS
Owner (10%)COTES A/S
Owner (50%)SRO Cotes ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorErik Tronborg Andersen
AuditorPeter Hertz
AuditorRYNORD & PARTNERE REGISTRERET REVISIONSANPARTSSELSKAB
AuditorAIDER Slagelse og Nyborg Godkendt Revisionsaktieselskab
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMEDIMEX ApSCurrent
FounderApS KBIL 9 NR. 1008Current
FounderVX 20.181 ApSCurrent

The CEOs' other companies

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

Søren Rønnow Olesen – 2 other companies

Henning Spendrup Meyer – 3 other companies

Address history (7 moves)

Bjørnholms Allé 20, 1., 8260 Viby J
Mariane Thomsens Gade 2F, 11. 2, 8000 Aarhus C
c/o Ndr. Ringgade 70 C, Ndr.Ringgade 70C, 4200 Slagelse
Mariane Thomsens Gade 2F, 11. 2, 8000 Aarhus C
Ndr.Ringgade 70C, 4200 Slagelse
Industrivej 31A, 4230 Skælskør
Værkstedsvej 5, 4230 Skælskør
Værkstedsvej 5, 4230 Skælskør

Former names

COTES A/S – now
HB COTES A/S –
A/S PSE 38 NR. 1325 –

Employees per year

Number of employees at COTES A/S per year22442011: 4120112012: 4320122013: 4420132014: 4320142015: 4220152016: 4020162017: 4320172018: 432018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about COTES A/S

Has COTES A/S gone bankrupt?

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

What is the bankruptcy risk of COTES 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 auditor of COTES A/S?

COTES A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was COTES A/S founded?

COTES A/S was founded on 1 June 1991.

What is the equity of COTES A/S?

Equity was DKK 42.0m 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.