GRINDSTED VVS ApS

CVR 25604709 · Private limited company (ApS) · Active · Low risk

GRINDSTED VVS ApS is a Private limited company (ApS), founded on , based in Grindsted. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. 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, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 1.2m and a net result of DKK 564k. CEO: Knud Østergaard.

Bankruptcy risk for GRINDSTED VVS ApS

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

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%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×
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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · 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
25604709
Status
Active
Company type
Private limited company (ApS)
Founded
(26 years)
Address
Østre Alle 19
7200 Grindsted
Municipality
Billund
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 125k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 25
Missing annual reportNo
Negative equityNo
Equity ratio64.8%
Current ratio254%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 997kDKK 514k
Net profitDKK 564kDKK 97k
EquityDKK 1.2mDKK 647k
Total assetsDKK 1.9mDKK 1.9m
CashDKK 1.4m–
Short-term debtDKK 641k–
Tax owedDKK 156k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202545
1 Oct 2023 – 30 Sep 202488
1 Oct 2022 – 30 Sep 202355
1 Oct 2021 – 30 Sep 202254
1 Oct 2020 – 30 Sep 202174
1 Oct 2019 – 30 Sep 202077
1 Oct 2018 – 30 Sep 201953
1 Oct 2017 – 30 Sep 2018142
1 Oct 2016 – 30 Sep 2017143
1 Oct 2015 – 30 Sep 201695
1 Oct 2014 – 30 Sep 2015138
1 Oct 2013 – 30 Sep 2014157
1 Oct 2012 – 30 Sep 2013106
1 Oct 2011 – 30 Sep 2012120
1 Oct 2010 – 30 Sep 2011152
1 Oct 2009 – 30 Sep 2010133
1 Oct 2008 – 30 Sep 2009126
1 Oct 2007 – 30 Sep 2008209 Late
1 Oct 2006 – 30 Sep 2007161
1 Oct 2005 – 30 Sep 2006151

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
CEOKnud ØstergaardCurrent
Owner (100%)K ØSTERGAARD HOLDING ApSCurrent
AuditorGert Skjønnemand
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKnud ØstergaardCurrent

The CEOs' other companies

Knud Østergaard – 1 other companies

Address history (2 moves)

Østre Alle 19, 7200 Grindsted
Grindsted Landevej 53, 7200 Grindsted
Varde Landevej 53, 7200 Grindsted

Employees per year

Number of employees at GRINDSTED VVS ApS per year472011: 620112012: 520122013: 720132014: 720142015: 620152016: 720162017: 520172018: 12018

Other companies at the same address

Similar companies in Billund

Questions and answers about GRINDSTED VVS ApS

Has GRINDSTED VVS ApS gone bankrupt?

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

What is the bankruptcy risk of GRINDSTED VVS ApS?

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 GRINDSTED VVS ApS?

Knud Østergaard is the CEO of GRINDSTED VVS ApS.

When was GRINDSTED VVS ApS founded?

GRINDSTED VVS ApS was founded on 31 August 2000.

What is the equity of GRINDSTED VVS ApS?

Equity was DKK 1.2m according to the annual report for the period ending 30 September 2025.

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