BANG HEATEXCHANGE ApS

CVR 20935979 · Private limited company (ApS) · Active · Low risk

BANG HEATEXCHANGE ApS is a Private limited company (ApS), founded on , based in Grindsted. The company is registered in the industry engroshandel med isenkram, varmeanlæg og tilbehør. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 153k and a net result of DKK 11k. CEO: Morten Hygum Kjær Nielsen.

Bankruptcy risk for BANG HEATEXCHANGE ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
20935979
Status
Active
Company type
Private limited company (ApS)
Founded
(28 years)
Address
Stenvej 16
7200 Grindsted
Municipality
Billund
Industry
Engroshandel med isenkram, varmeanlæg og tilbehør (468400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
1 (2018)
Auditor
REVISION KJÆR
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 28
Missing annual reportNo
Negative equityNo
Equity ratio44.6%
Current ratio181%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 157kDKK 135kDKK 181k
Net profitDKK 11kDKK 9,054DKK 123k
EquityDKK 153kDKK 142kDKK 258k
Total assetsDKK 343kDKK 564kDKK 939k
CashDKK 300kDKK 260k–
Short-term debtDKK 190kDKK 422k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202592
1 Jan 2024 – 31 Dec 202497
1 Jan 2023 – 31 Dec 202368
1 Jan 2022 – 31 Dec 202265
1 Jan 2021 – 31 Dec 202166
1 Jan 2020 – 31 Dec 202041
1 Jan 2019 – 31 Dec 201942
1 Jan 2018 – 31 Dec 201839
1 Jan 2017 – 31 Dec 201738
1 Jan 2016 – 31 Dec 2016119
1 Jan 2015 – 31 Dec 201576
1 Jan 2014 – 31 Dec 201447
1 Jan 2013 – 31 Dec 2013138
1 Jan 2012 – 31 Dec 201246
1 Jan 2011 – 31 Dec 2011145
1 Jan 2010 – 31 Dec 2010264 Late
1 Jan 2009 – 31 Dec 2009161
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007136
1 Jan 2006 – 31 Dec 2006130

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
CEOMorten Hygum Kjær NielsenCurrent
CEOIngolf Bang Andersen
Owner (100%)JAVM HOLDING ApSCurrent
AuditorK.E.SIMONSEN aps
AuditorK.E.SIMONSEN aps
AuditorApS JVMB
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorREVISION KJÆR Registreret Revisionsanpartsselskab
FounderIngolf Bang AndersenCurrent

The CEOs' other companies

Morten Hygum Kjær Nielsen – 1 other companies

Address history (4 moves)

Stenvej 16, 7200 Grindsted
Grindsted Landevej 6, 7200 Grindsted
Ågeslundvej 28, 7200 Grindsted
Sønderhedevej 15, 7200 Grindsted
Sønderhedevej 15, 7200 Grindsted

Employees per year

Number of employees at BANG HEATEXCHANGE ApS per year122011: 120112012: 220122013: 120132014: 120142015: 120152016: 020162017: 120172018: 12018

Other companies at the same address

Similar companies in Billund

Questions and answers about BANG HEATEXCHANGE ApS

Has BANG HEATEXCHANGE ApS gone bankrupt?

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

What is the bankruptcy risk of BANG HEATEXCHANGE ApS?

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

Who is the CEO of BANG HEATEXCHANGE ApS?

Morten Hygum Kjær Nielsen is the CEO of BANG HEATEXCHANGE ApS.

Who is the auditor of BANG HEATEXCHANGE ApS?

BANG HEATEXCHANGE ApS most recently used REVISION KJÆR.

When was BANG HEATEXCHANGE ApS founded?

BANG HEATEXCHANGE ApS was founded on 2 June 1998.

What is the equity of BANG HEATEXCHANGE ApS?

Equity was DKK 153k 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.