GLASVÆRKET A/S

CVR 18102838 · Public limited company (A/S) · Active · Low risk

GLASVÆRKET A/S is a Public limited company (A/S), founded on , based in Korsør. The company is registered in the industry udlejning af erhvervsejendomme. 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 35.4m and a net result of DKK 15.9m. CEO: Tina Reinholdt Milvertz.

Bankruptcy risk for GLASVÆRKET 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 since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
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
18102838
Status
Active
Company type
Public limited company (A/S)
Founded
(32 years)
Address
Norvangen 3D, 1.
4220 Korsør
Municipality
Slagelse
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 1.0m
Employees
3 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late5 of 31
Missing annual reportNo
Negative equityNo
Equity ratio45.0%
Current ratio6%
Moves (last 2 years)0
CEO changes in total18
CEO's previous bankruptcies0
Other companies at the address97
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 7.8mDKK 5.6m
Net profitDKK 15.9mDKK 36k
EquityDKK 35.4mDKK 19.6m
Total assetsDKK 78.7mDKK 65.6m
CashDKK 873–
Short-term debtDKK 11.9m–
Tax owedDKK 959k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025140
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022158
1 Jan 2021 – 31 Dec 2021166
1 Jan 2020 – 31 Dec 2020123
1 Jan 2019 – 31 Dec 2019132
1 Jan 2018 – 31 Dec 2018128
1 Jan 2017 – 31 Dec 2017121
1 Jan 2016 – 31 Dec 2016144
1 Jan 2015 – 31 Dec 2015125
1 Jan 2014 – 31 Dec 2014133
1 Jan 2013 – 31 Dec 2013150
1 Jan 2012 – 31 Dec 2012159
1 Jan 2011 – 31 Dec 2011150
1 Jan 2010 – 31 Dec 2010156
1 Jan 2009 – 31 Dec 2009153
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007156
1 Jan 2006 – 31 Dec 2006164

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
CEOTina Reinholdt MilvertzCurrent
CEOThomas Seiling Petersen
CEOJan Milvertz
CEOJan Rasmussen
CEOJesper Gam
CEOLars Tommy Gammelgaard
CEOChristian Jørgensen
CEOSven Lyse
CEOPoul Calmer Møller
CEOMorten Dalgaard
BoardJan MilvertzCurrent
BoardTina Reinholdt MilvertzCurrent
BoardRikke Nisted MilvertzCurrent
BoardHenning Normann Petersen
BoardCarsten Erik Schak Dahl
BoardTorben Hjort Friderichsen
BoardThomas Seiling Petersen
BoardNancy Kruse Milvertz
BoardBente Susanne Winther
BoardMichael Vinther
BoardPer Søndergaard Pedersen
BoardMichael Rutkjær Jensen
BoardSanne Lynge Milvertz
Owner (100%)JTR Erhvervsejendomme A/SCurrent
Owner (0%)NYKREDIT BANK A/S
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderHenning Normann PetersenCurrent
FounderThomas Seiling PetersenCurrent
FounderAB CATERING SLAGELSE A/SCurrent
FounderJMI GRUPPEN A/SCurrent
FounderThomas Seiling Petersen

The CEOs' other companies

Tina Reinholdt Milvertz – 16 other companies

Thomas Seiling Petersen – 1 other companies, of which 1 bankrupt

Jan Milvertz – 49 other companies, of which 5 bankrupt

Jan Rasmussen – 8 other companies

Jesper Gam – 33 other companies, of which 8 bankrupt

Lars Tommy Gammelgaard – 3 other companies, of which 1 bankrupt

Christian Jørgensen – 36 other companies

Sven Lyse – 34 other companies, of which 12 bankrupt

Poul Calmer Møller – 13 other companies, of which 4 bankrupt

Morten Dalgaard – 14 other companies

Address history (6 moves)

Norvangen 3D, 1., 4220 Korsør
Norvangen 3D, 1. O. D, 4220 Korsør
Norvangen 3D, 2. opgb, 4220 Korsør
Schweizerpladsen 1A, 1., 4200 Slagelse
Schweizerpladsen 1A, 4200 Slagelse
Schweizerpladsen 1A, 4200 Slagelse
Nygade 5, 4220 Korsør

Former names

GLASVÆRKET A/S – now
VESTSJÆLLANDS INVEST A/S –
KØDGROSSISTEN A/S, SLAGELSE –

Employees per year

Number of employees at GLASVÆRKET A/S per year242011: 120112012: 220122013: 120132014: 220142015: 320152016: 420162017: 220172018: 32018

Other companies at the same address

Similar companies in Slagelse

Questions and answers about GLASVÆRKET A/S

Has GLASVÆRKET A/S gone bankrupt?

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

What is the bankruptcy risk of GLASVÆRKET 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 GLASVÆRKET A/S?

Tina Reinholdt Milvertz is the CEO of GLASVÆRKET A/S.

Who is the auditor of GLASVÆRKET A/S?

GLASVÆRKET A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was GLASVÆRKET A/S founded?

GLASVÆRKET A/S was founded on 22 October 1994.

What is the equity of GLASVÆRKET A/S?

Equity was DKK 35.4m 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.