HGS Operations Denmark A/S

CVR 26091063 · Public limited company (A/S) · Active · Medium risk

HGS Operations Denmark A/S is a Public limited company (A/S), founded on , based in Kolding. The company is registered in the industry avl af smågrise. 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 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 34.9m and a net result of DKK 6.8m. CEO: Mikael Wædeled Sigvardsen.

Bankruptcy risk for HGS Operations Denmark A/S

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Annual reports filed late2 · 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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
26091063
Status
Active
Company type
Public limited company (A/S)
Founded
(25 years)
Address
Nordager 2
6000 Kolding
Municipality
Kolding
Industry
Avl af smågrise (014610)
Bankruptcies in the industry: Dyrkning af korn (undtagen ris), bælgfrugter og olieholdige frø
Share capital
DKK 600k
Employees
38 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 25
Missing annual reportNo
Negative equityNo
Equity ratio29.0%
Current ratio469%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address18
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 30.0mDKK 36.3mDKK 46.5m
Net profitDKK 6.8mDKK 8.1mDKK 17.6m
EquityDKK 34.9mDKK 41.5mDKK 48.4m
Total assetsDKK 120.3mDKK 104.9mDKK 98.8m
CashDKK 1.9mDKK 20.4m–
Short-term debtDKK 7.9mDKK 56.9m–
Tax owedDKK 2.2m––
Avg. employees4145–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025142
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021152
1 Jan 2020 – 31 Dec 2020176
1 Jan 2019 – 31 Dec 2019231 Late
1 Jan 2018 – 31 Dec 2018147
1 Jan 2017 – 31 Dec 2017157
1 Jan 2016 – 31 Dec 2016150
1 Jan 2015 – 31 Dec 2015158
1 Jan 2014 – 31 Dec 2014147
1 Jan 2013 – 31 Dec 2013152
1 Jan 2012 – 31 Dec 2012120
1 Jan 2011 – 31 Dec 2011152
1 Jan 2010 – 31 Dec 2010146
1 Jan 2009 – 31 Dec 2009151
1 Jan 2008 – 31 Dec 2008153
1 Jan 2007 – 31 Dec 2007153
1 Jan 2006 – 31 Dec 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
CEOMikael Wædeled SigvardsenCurrent
CEOPer Abraham Kring
CEOMads Hans Kring
BoardMikael Wædeled SigvardsenCurrent
BoardRene Heiselberg PedersenCurrent
BoardDennis JørgensenCurrent
BoardOle Henning Jørgensen
BoardPer Abraham Kring
BoardBirgitte Kring
BoardJørn Nørgaard Lydiksen
BoardRené Lykke Lyngsøe
BoardMads Hans Kring
BoardLotte Dich Kring
BoardNiels Henrik Reventlow
BoardRafael Jacobus Henri Gerard Beeren
BoardMikael Wædeled Sigvardsen
BoardMads Hans Kring
BoardSteen Agerbo Bødtker
Owner (100%)Danish Genetics Holding ApSCurrent
Owner (50%)PK Holding DK ApS
Owner (33%)MK Holding DK ApS
Owner (25%)PK Holding DK ApS
Owner (67%)MK Holding DK ApS
Owner (25%)PAK Holding DK ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBLICHER REVISION & RÅDGIVNING STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorOve Juul
AuditorSpiras
FounderPer Abraham KringCurrent

The CEOs' other companies

Mikael Wædeled Sigvardsen – 17 other companies

Per Abraham Kring – 11 other companies

Mads Hans Kring – 21 other companies

Address history (2 moves)

Nordager 2, 6000 Kolding
Frifeltvej 13, 7000 Fredericia
Frifeltvej 13, 7000 Fredericia

Former names

HGS Operations Denmark A/S – now
AVLSCENTER RØNSHAUGE A/S –
AVLSCENTER RØNSHAUGE ApS –

Employees per year

Number of employees at HGS Operations Denmark A/S per year19382011: 2020112012: 2520122013: 3320132014: 3520142015: 3620152016: 3420162017: 3720172018: 382018

Other companies at the same address

Similar companies in Kolding

Questions and answers about HGS Operations Denmark A/S

Has HGS Operations Denmark A/S gone bankrupt?

No, HGS Operations Denmark A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of HGS Operations Denmark A/S?

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 HGS Operations Denmark A/S?

Mikael Wædeled Sigvardsen is the CEO of HGS Operations Denmark A/S.

Who is the auditor of HGS Operations Denmark A/S?

HGS Operations Denmark A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was HGS Operations Denmark A/S founded?

HGS Operations Denmark A/S was founded on 20 June 2001.

What is the equity of HGS Operations Denmark A/S?

Equity was DKK 34.9m 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.