On Tower Denmark ApS

CVR 26123496 · Private limited company (ApS) · Active · Low risk

On Tower Denmark ApS is a Private limited company (ApS), founded on , based in København S. 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, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.1bn and a net result of DKK 97.7m. CEO: Justin Berger.

Bankruptcy risk for On Tower Denmark ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Postcode changes3+ · 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×
Reporting classReporting class C, mellemstor virksomhed · 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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×

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
26123496
Status
Active
Company type
Private limited company (ApS)
Founded
(25 years)
Address
Ørestads Boulevard 108, 4.
2300 København S
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 64.4m
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 24
Missing annual reportNo
Negative equityNo
Equity ratio78.2%
Current ratio440%
Moves (last 2 years)0
CEO changes in total16
CEO's previous bankruptcies0
Other companies at the address18
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 296.6mDKK 277.7mDKK 271.6m
Gross profitDKK 182.6mDKK 170.3mDKK 161.6m
Net profitDKK 97.7mDKK 90.7mDKK 74.2m
EquityDKK 1.1bnDKK 1.1bnDKK 1.2bn
Total assetsDKK 1.4bnDKK 1.4bnDKK 1.4bn
Cash–DKK 0–
Short-term debtDKK 110.3mDKK 139.7m–
Avg. employees1618–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202584
1 Jan 2024 – 31 Dec 2024161
1 Jan 2023 – 31 Dec 2023163
1 Jan 2022 – 31 Dec 2022166
1 Jan 2021 – 31 Dec 2021186 Late
1 Jan 2020 – 31 Dec 2020183
1 Jan 2019 – 31 Dec 2019122
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017158
1 Jan 2016 – 31 Dec 201683
1 Jan 2015 – 31 Dec 2015152
1 Jan 2014 – 31 Dec 2014168
1 Jan 2013 – 31 Dec 2013212 Late
1 Jan 2012 – 31 Dec 2012157
1 Jan 2011 – 31 Dec 2011159
1 Jan 2010 – 31 Dec 2010156
1 Jan 2009 – 31 Dec 2009154
1 Jan 2008 – 31 Dec 2008158
1 Jan 2007 – 31 Dec 2007157
1 Jan 2006 – 31 Dec 2006168

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
CEOJustin BergerCurrent
CEOKim Madsen
CEOChristopher Bannister
CEOJesper Krebs Weng
CEOShlomo Liran
CEOCarl Peder Ramel
CEOAnn Louise Bundgaard Hansen
CEOBirgitte Lund
CEOHans Robert Pajos
BoardGabriella Elisabeth LuthmanCurrent
BoardJustin BergerCurrent
BoardRasmus Lindrup EllitsgaardCurrent
BoardJacob ElgaardCurrent
BoardKenneth GrønborgCurrent
BoardPeter Andreas Stakemann
BoardMarcus Wallenberg
BoardBjörn Magnus Ivar Svedberg
BoardAdine Charlotte Grate Axen
BoardFrank John Sixt
BoardDennis Pok-Man Lui
BoardChristian Nicolas Roger Salbaing
BoardColin Patrick Tucker
BoardKin Ning Canning Fok
BoardEdith Shih
BoardClaes Johan Bygge
BoardUlf Christian Cederholm
BoardErling Lennart Johansson
BoardCarl Peder Ramel
BoardMorten Christiansen
BoardMorten Ekebjærg Petersen
BoardJose Manuel Aisa Mancho
BoardAlexandre Mestre Molins
BoardJose Maria Miralles Prieto
BoardMorten Ekebjærg Petersen
BoardMonica Merino Garrido
BoardJesper Kramer
BoardPablo Moro Soucheiron
BoardHans Robert Pajos
Owner (100%)Cellnex Denmark ApSCurrent
Owner (100%)Hi3G Access AB
Owner (100%)HI3G DK Holdings ApS
Owner (100%)HI3G Holdings AB
Owner (33%)Intre Holding AB
Owner (50%)Hutchison Europe Telecommunications S.á r.l.
Owner (100%)CK Hutchison Networks Europe Investments S.á r.l.
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorERNST & YOUNG DENMARK P/S
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderVX 10.312 ApSCurrent

The CEOs' other companies

Kim Madsen – 57 other companies, of which 57 bankrupt

Jesper Krebs Weng – 11 other companies, of which 4 bankrupt

Ann Louise Bundgaard Hansen – 4 other companies

Birgitte Lund – 6 other companies

Address history (7 moves)

Ørestads Boulevard 108, 4., 2300 København S
Ørestads Boulevard 114, 4., 2300 København S
Scandiagade 8, 2450 København SV
Arne Jacobsens Allé 17, 2300 København S
Dampfærgevej 28, 2100 København Ø
Niels Juels Gade 5, 1059 København K
c/o Advokat Carsten Tvede-Møller, Esplanaden 34, 1263 København K
c/o Advokatfirmaet Stakemann, Kronprinsessegade 18, 1306 København K

Former names

On Tower Denmark ApS – now
OnTower Denmark ApS –
HI3G Networks Denmark ApS –
HI3G DENMARK HOLDINGS ApS –
ApS KBIL 9 NR. 2381 –

Other companies at the same address

Similar companies in København

Questions and answers about On Tower Denmark ApS

Has On Tower Denmark ApS gone bankrupt?

No, On Tower Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of On Tower Denmark 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 On Tower Denmark ApS?

Justin Berger is the CEO of On Tower Denmark ApS.

Who is the auditor of On Tower Denmark ApS?

On Tower Denmark ApS most recently used EY Godkendt Revisionspartnerselskab.

When was On Tower Denmark ApS founded?

On Tower Denmark ApS was founded on 1 July 2001.

What is the equity of On Tower Denmark ApS?

Equity was DKK 1.1bn 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.