ADELHOLM VVS ApS

CVR 26666503 · Private limited company (ApS) · Active · Medium risk

ADELHOLM VVS ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -1.1m and a net result of DKK -23k. CEO: Claus Adelholm.

Bankruptcy risk for ADELHOLM VVS ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

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

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
26666503
Status
Active
Company type
Private limited company (ApS)
Founded
(24 years)
Address
Sundgårdsvej 73
8700 Horsens
Municipality
Horsens
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 125k
Employees
0 (2018)
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 24
Missing annual reportNo
Negative equityYes
Equity ratio-1,639.3%
Current ratio3%
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 year202520242023
Gross profitDKK 282kDKK 485kDKK 600k
Net profitDKK -23kDKK -168kDKK 104k
EquityDKK -1.1mDKK -1.1mDKK -914k
Total assetsDKK 67kDKK 138kDKK 137k
Cash–DKK 0–
Short-term debtDKK 1.2mDKK 1.2m–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025131
1 Jan 2024 – 31 Dec 2024141
1 Jan 2023 – 31 Dec 2023149
1 Jan 2022 – 31 Dec 2022122
1 Jan 2021 – 31 Dec 202198
1 Jan 2020 – 31 Dec 2020118
1 Jan 2019 – 31 Dec 201964
1 Jan 2018 – 31 Dec 2018137
1 Jan 2017 – 31 Dec 2017143
1 Jan 2016 – 31 Dec 2016142
1 Jan 2015 – 31 Dec 2015152
1 Jan 2014 – 31 Dec 2014177
1 Jan 2013 – 31 Dec 2013155
1 Jan 2012 – 31 Dec 2012156
1 Jan 2011 – 31 Dec 2011165
1 Jan 2010 – 31 Dec 2010151
1 Jan 2009 – 31 Dec 2009151
1 Jan 2008 – 31 Dec 2008162
1 Jan 2007 – 31 Dec 2007171
1 Jan 2006 – 31 Dec 2006175

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
CEOClaus AdelholmCurrent
Owner (100%)Claus AdelholmCurrent
AuditorQurios Statsautoriseret Revisionsinteressentskab
AuditorNOMOQ PARTNERSELSKAB
AuditorEY Godkendt Revisionspartnerselskab
AuditorKanul ApS
FounderClaus AdelholmCurrent

The CEOs' other companies

Claus Adelholm – 1 other companies

Address history (2 moves)

Sundgårdsvej 73, 8700 Horsens
Sundgårdsvej 73, 8700 Horsens
Agervej 19, 8700 Horsens

Employees per year

Number of employees at ADELHOLM VVS ApS per year232011: 220112012: 320122013: 320132014: 320142015: 320152016: 020162017: 020172018: 02018

Other companies at the same address

Similar companies in Horsens

Questions and answers about ADELHOLM VVS ApS

Has ADELHOLM VVS ApS gone bankrupt?

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

What is the bankruptcy risk of ADELHOLM VVS ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of ADELHOLM VVS ApS?

Claus Adelholm is the CEO of ADELHOLM VVS ApS.

Who is the auditor of ADELHOLM VVS ApS?

ADELHOLM VVS ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was ADELHOLM VVS ApS founded?

ADELHOLM VVS ApS was founded on 25 June 2002.

What is the equity of ADELHOLM VVS ApS?

Equity was DKK -1.1m 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.