ARMADAN A/S

CVR 16920436 · Public limited company (A/S) · Active · Low risk

ARMADAN A/S is a Public limited company (A/S), founded on , based in Ballerup. The company is registered in the industry engroshandel med træ og byggematerialer samt sanitetsartikler. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 18.5m and a net result of DKK 4.1m.

Bankruptcy risk for ARMADAN A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
16920436
Status
Active
Company type
Public limited company (A/S)
Founded
(33 years)
Address
Tempovej 18
2750 Ballerup
Municipality
Ballerup
Industry
Engroshandel med træ og byggematerialer samt sanitetsartikler (468300)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 4.0m
Employees
7 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late4 of 30
Missing annual reportNo
Negative equityNo
Equity ratio42.3%
Current ratio167%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 17.7mDKK 17.8mDKK 16.7m
Net profitDKK 4.1mDKK 4.4mDKK 4.1m
EquityDKK 18.5mDKK 18.4mDKK 14.0m
Total assetsDKK 43.8mDKK 48.6mDKK 35.8m
CashDKK 38kDKK 17k–
Short-term debtDKK 25.1mDKK 29.9m–
Tax owedDKK 1.3mDKK 1.2m–
Avg. employees1313–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025188 Late
1 Jan 2024 – 31 Dec 2024168
1 Jan 2023 – 31 Dec 2023163
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021145
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019245 Late
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017155
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014162
1 Jan 2013 – 31 Dec 2013158
1 Jan 2012 – 31 Dec 2012162
1 Jan 2011 – 31 Dec 2011253 Late
1 Jan 2010 – 31 Dec 2010165
1 Jan 2009 – 31 Dec 2009156
1 Jan 2008 – 31 Dec 2008123
1 Jan 2007 – 31 Dec 2007160
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
CEOFinn Kaas Larsen
BoardPer Fredrik HamrinCurrent
BoardThomas DalsgaardCurrent
BoardLars Jonas SteenCurrent
BoardSteen Klein
BoardPeter Jessen Jürgensen
BoardHeinrich Jessen Jürgensen
BoardGrethe Fisch Jürgensen
BoardKirsten Jürgensen
BoardFinn Kaas Larsen
BoardKaj Taidal
BoardPeter Sundback
BoardPer Olof Göran Bertland
BoardClaus Bo Jacobsen
BoardSimon Andrej Karlin
BoardLars Jonas Steen
BoardUlf Berghult
BoardSimon Andrej Karlin
BoardChristopher Norbye
BoardSimon Andrej Karlin
Owner (100%)G. & L. BEIJER A/SCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorEY Danmark A/S
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorCJ Partnership I/S
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSteen KleinCurrent
FounderPeter Jessen JürgensenCurrent
FounderHeinrich Jessen JürgensenCurrent
FounderGrethe Fisch JürgensenCurrent
FounderLabotek International A/SCurrent

The CEOs' other companies

Finn Kaas Larsen – 10 other companies

Address history (0 moves)

Tempovej 18, 2750 Ballerup

Employees per year

Number of employees at ARMADAN A/S per year5102011: 820112012: 820122013: 1020132014: 920142015: 820152016: 720162017: 820172018: 72018

Other companies at the same address

Similar companies in Ballerup

Questions and answers about ARMADAN A/S

Has ARMADAN A/S gone bankrupt?

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

What is the bankruptcy risk of ARMADAN A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the auditor of ARMADAN A/S?

ARMADAN A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was ARMADAN A/S founded?

ARMADAN A/S was founded on 30 March 1993.

What is the equity of ARMADAN A/S?

Equity was DKK 18.5m 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.