VHF HOLDING ApS

CVR 20459549 · Private limited company (ApS) · Active · Low risk

VHF HOLDING ApS is a Private limited company (ApS), founded on , based in Hedensted. The company is registered in the industry ikke-finansielle holdingselskaber. 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 Mar 2026) shows equity of DKK 224.9m and a net result of DKK 10.0m. CEO: Vagn Clausen.

Bankruptcy risk for VHF HOLDING ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
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×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
20459549
Status
Active
Company type
Private limited company (ApS)
Founded
(29 years)
Address
Lundagervej 25
8722 Hedensted
Municipality
Hedensted
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 1.1m
Employees
3 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 29
Missing annual reportNo
Negative equityNo
Equity ratio80.6%
Current ratio243%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address48
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK -594kDKK -592kDKK -326k
Net profitDKK 10.0mDKK -9.3mDKK 7.1m
EquityDKK 224.9mDKK 215.0mDKK 230.9m
Total assetsDKK 279.0mDKK 272.4mDKK 288.7m
CashDKK 1.2mDKK 8.4m–
Short-term debtDKK 54.1mDKK 57.4m–
Avg. employees22–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 202690
1 Apr 2024 – 31 Mar 2025102
1 Apr 2023 – 31 Mar 202490
1 Apr 2022 – 31 Mar 202398
1 Apr 2021 – 31 Mar 202299
1 Apr 2020 – 31 Mar 2021104
1 Apr 2019 – 31 Mar 2020156
1 Apr 2018 – 31 Mar 201993
1 Apr 2017 – 31 Mar 201884
1 Apr 2016 – 31 Mar 201783
1 Apr 2015 – 31 Mar 2016158
1 Apr 2014 – 31 Mar 2015148
1 Apr 2013 – 31 Mar 2014154
1 Apr 2012 – 31 Mar 2013143
1 Apr 2011 – 31 Mar 2012144
1 Apr 2010 – 31 Mar 2011144
1 Apr 2009 – 31 Mar 201091
1 Apr 2008 – 31 Mar 200983
1 Apr 2007 – 31 Mar 2008135
1 Apr 2006 – 31 Mar 2007151

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
CEOVagn ClausenCurrent
BoardVagn ClausenCurrent
BoardHenrik Holdorf Strandberg-ClausenCurrent
BoardFrank Kjærulff Holdorf ClausenCurrent
BoardUlla Guasp ClausenCurrent
BoardTorben BangCurrent
BoardHans Jørgen Lopdrup
BoardCarsten Ipsen
BoardTorben Bang
BoardKeld Norup
Owner (50%)VAC HOLDING ApSCurrent
Owner (15%)FKHC Holding ApSCurrent
Owner (5%)Henrik Holdorf Holding ApSCurrent
Owner (15%)Ulla Clausen Holding ApSCurrent
Owner (15%)Frank Kjærulff Holdorf Clausen
Owner (15%)Henrik Holdorf Strandberg-Clausen
Owner (15%)Ulla Guasp Clausen
Owner (50%)VAC HOLDING ApS
Owner (15%)Frank Kjærulff Holdorf Clausen
Owner (5%)Henrik Holdorf Strandberg-Clausen
Owner (15%)Ulla Guasp Clausen
Owner (50%)VAC HOLDING ApS
Owner (100%)VHF NewCo ApS
Owner (33%)VHF Holding II ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderVagn ClausenCurrent
FounderFrank Kjærulff Holdorf ClausenCurrent
FounderHenrik Holdorf Strandberg-ClausenCurrent
FounderUlla Guasp ClausenCurrent

The CEOs' other companies

Vagn Clausen – 38 other companies, of which 2 bankrupt

Address history (2 moves)

Lundagervej 25, 8722 Hedensted
Lundagervej 25, 8722 Hedensted
Lundagervej 25, 8722 Hedensted

Former names

VHF HOLDING ApS – now
HEDENSTED TAGMATERIALER HOLDING ApS –

Employees per year

Number of employees at VHF HOLDING ApS per year232016: 220162017: 320172018: 32018

Other companies at the same address

Similar companies in Hedensted

Questions and answers about VHF HOLDING ApS

Has VHF HOLDING ApS gone bankrupt?

No, VHF HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of VHF HOLDING ApS?

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 VHF HOLDING ApS?

Vagn Clausen is the CEO of VHF HOLDING ApS.

Who is the auditor of VHF HOLDING ApS?

VHF HOLDING ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was VHF HOLDING ApS founded?

VHF HOLDING ApS was founded on 18 June 1997.

What is the equity of VHF HOLDING ApS?

Equity was DKK 224.9m according to the annual report for the period ending 31 March 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.