Aarhus Energy Group ApS

CVR 19271978 · Private limited company (ApS) · Active · Medium risk

Aarhus Energy Group ApS is a Private limited company (ApS), founded on , based in Højbjerg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 20 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -1.7m and a net result of DKK -615k. CEO: Lars Windfeld.

Bankruptcy risk for Aarhus Energy Group ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
CEO changes1 · bankruptcy rate 11.4%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
19271978
Status
Active
Company type
Private limited company (ApS)
Founded
(30 years)
Address
c/o Lars Windfeld, P.S. Krøyers Vej 21
8270 Højbjerg
Municipality
Aarhus
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 200k
Auditor
Roesgaard
Audit opted out
Yes

Warning signs

Annual reports filed late9 of 29
Missing annual reportNo
Negative equityYes
Equity ratio-821.6%
Current ratio11%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies2
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -600kDKK 74k
Net profitDKK -615kDKK 65k
EquityDKK -1.7mDKK -1.1m
Total assetsDKK 205kDKK 69k
CashDKK 42k–
Short-term debtDKK 1.9m–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025191 Late
1 Jan 2024 – 31 Dec 2024170
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020194 Late
1 Jan 2019 – 31 Dec 2019280 Late
1 Jan 2018 – 31 Dec 2018163
1 Jan 2017 – 31 Dec 2017169
1 Jul 2015 – 31 Dec 2016177
1 Jul 2014 – 30 Jun 2015199 Late
1 Jul 2013 – 30 Jun 2014172
1 Jul 2012 – 30 Jun 2013174
1 Jul 2011 – 30 Jun 2012161
1 Jul 2010 – 30 Jun 2011171
1 Jul 2009 – 30 Jun 2010154
1 Jul 2008 – 30 Jun 2009146
1 Jul 2007 – 30 Jun 2008153
1 Jul 2006 – 30 Jun 2007163
1 Jul 2005 – 30 Jun 2006150

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
CEOLars WindfeldCurrent
CEOTorben Piechnik
BoardLars Windfeld
BoardIb René Laursen
BoardTorben Piechnik
Owner (100%)Holdingselskabet 5W ApSCurrent
Owner (100%)Lars Windfeld
AuditorERNST & YOUNG DENMARK P/S
AuditorCOMPU REVISION A/S
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderLars WindfeldCurrent
FounderTorben PiechnikCurrent

The CEOs' other companies

Lars Windfeld – 32 other companies, of which 12 bankrupt

Torben Piechnik – 1 other companies, of which 1 bankrupt

Address history (2 moves)

c/o Lars Windfeld, P.S. Krøyers Vej 21, 8270 Højbjerg
c/o Lars Windfeld, Vegavej 35, 8270 Højbjerg
Holmevej 117, 8270 Højbjerg

Former names

Aarhus Energy Group ApS – now
Titus Energy Group ApS –
EJENDOMSSELSKABET ÅRHUS BOLIG INVEST ApS –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Aarhus Energy Group ApS

Has Aarhus Energy Group ApS gone bankrupt?

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

What is the bankruptcy risk of Aarhus Energy Group ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Aarhus Energy Group ApS?

Lars Windfeld is the CEO of Aarhus Energy Group ApS.

Who is the auditor of Aarhus Energy Group ApS?

Aarhus Energy Group ApS most recently used Roesgaard.

When was Aarhus Energy Group ApS founded?

Aarhus Energy Group ApS was founded on 22 March 1996.

What is the equity of Aarhus Energy Group ApS?

Equity was DKK -1.7m 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.