WITT DENMARK A/S

CVR 20981075 · Public limited company (A/S) · Active · Low risk

WITT DENMARK A/S is a Public limited company (A/S), founded on , based in Herning. The company is registered in the industry engroshandel med hvidevarer og elektriske husholdningsartikler. 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. The latest annual report (31 Dec 2025) shows equity of DKK 381.1m and a net result of DKK 5.8m. CEO: Allan Witt Kempel.

Bankruptcy risk for WITT DENMARK 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

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
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×
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×

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
20981075
Status
Active
Company type
Public limited company (A/S)
Founded
(28 years)
Address
Gødstrup Søvej 9
7400 Herning
Municipality
Herning
Industry
Engroshandel med hvidevarer og elektriske husholdningsartikler (464310)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 1.0m
Employees
98 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 28
Missing annual reportNo
Negative equityNo
Equity ratio67.8%
Current ratio318%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 765.9mDKK 720.2mDKK 627.3m
Gross profitDKK 98.7mDKK 105.9mDKK 88.2m
Net profitDKK 5.8mDKK 18.7mDKK 10.6m
EquityDKK 381.1mDKK 382.7mDKK 371.3m
Total assetsDKK 562.1mDKK 542.4mDKK 507.5m
CashDKK 13.3mDKK 5.5m–
Short-term debtDKK 166.0mDKK 140.6m–
Tax owedDKK 4.1mDKK 6.4m–
Avg. employees160155–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022143
1 Jan 2021 – 31 Dec 2021138
1 Jan 2020 – 31 Dec 2020151
1 Jan 2019 – 31 Dec 2019154
1 Jan 2018 – 31 Dec 2018156
1 Jan 2017 – 31 Dec 2017152
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015147
1 Jan 2014 – 31 Dec 2014159
1 Jan 2013 – 31 Dec 2013157
1 Jan 2012 – 31 Dec 2012157
1 Jan 2011 – 31 Dec 2011166
1 Jan 2010 – 31 Dec 2010166
1 Jan 2009 – 31 Dec 2009172
1 Jan 2008 – 31 Dec 2008162
1 Jan 2007 – 31 Dec 2007169
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
CEOAllan Witt KempelCurrent
BoardAllan Witt KempelCurrent
BoardSøren NørgaardCurrent
BoardKasper Witt KempelCurrent
BoardAnker Stensig Andersen
BoardHenrik Olesen
BoardHenrik Nielsen
Owner (100%)WITT INVEST ApSCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSusanne KempelCurrent

The CEOs' other companies

Allan Witt Kempel – 13 other companies, of which 2 bankrupt

Address history (3 moves)

Gødstrup Søvej 9, 7400 Herning
Gødstrup Søvej 9, 7400 Herning
Gødstrup Søvej 9,
Th. Nielsens Gade 11P, 7400 Herning

Former names

WITT DENMARK A/S – now
WITT HVIDEVARER A/S –

Employees per year

Number of employees at WITT DENMARK A/S per year49982011: 5520112012: 5520122013: 6020132014: 6120142015: 7620152016: 8920162017: 9020172018: 982018

Other companies at the same address

Similar companies in Herning

Questions and answers about WITT DENMARK A/S

Has WITT DENMARK A/S gone bankrupt?

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

What is the bankruptcy risk of WITT DENMARK 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 CEO of WITT DENMARK A/S?

Allan Witt Kempel is the CEO of WITT DENMARK A/S.

Who is the auditor of WITT DENMARK A/S?

WITT DENMARK A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was WITT DENMARK A/S founded?

WITT DENMARK A/S was founded on 26 June 1998.

What is the equity of WITT DENMARK A/S?

Equity was DKK 381.1m 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.