PAX A/S

CVR 27036007 · Public limited company (A/S) · Active · Low risk

PAX A/S is a Public limited company (A/S), founded on 26 February 2003, based in Kerteminde. The company is registered in the industry drift af hoteller og lignende overnatningsfaciliteter. 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. The latest annual report (30 Sep 2025) shows equity of DKK 8.5m and a net result of DKK -449k. CEO: Axel Stemann Larsen.

Bankruptcy risk for PAX A/S

0.0%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×

Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×

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×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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: 27036007
Status: Active
Company type: Public limited company (A/S)
Founded: 26 February 2003 (23 years)
Address: Klintevej 27A
5300 Kerteminde
Municipality: Kerteminde
Industry: Drift af hoteller og lignende overnatningsfaciliteter (551000)
Bankruptcies in the industry: Hoteller
Share capital: DKK 500k
Employees: 2 (2018)
Auditor: SØBY REVISORER A/SGODKENDTE REVISORER
Audit opted out: Yes

Warning signs

Annual reports filed late	0 of 22
Missing annual report	No
Negative equity	No
Equity ratio	97.1%
Current ratio	3,448%
Moves (last 2 years)	0
CEO changes in total	0
CEO's previous bankruptcies	0
Other companies at the address	4
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK -69k	DKK -74k
Net profit	DKK -449k	DKK 730k
Equity	DKK 8.5m	DKK 9.4m
Total assets	DKK 8.7m	DKK 9.9m
Cash	DKK 299k	–
Short-term debt	DKK 253k	–
Tax owed	DKK 1,482	–
Avg. employees	1	–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · SØBY REVISORER A/SGODKENDTE REVISORER.

Filed annual reports

Reporting period	Published	Days after period end
1 Oct 2024 – 30 Sep 2025	6 Jan 2026	98
1 Oct 2023 – 30 Sep 2024	11 Dec 2024	72
1 Oct 2022 – 30 Sep 2023	18 Dec 2023	79
1 Oct 2021 – 30 Sep 2022	2 Dec 2022	63
1 Oct 2020 – 30 Sep 2021	6 Dec 2021	67
1 Oct 2019 – 30 Sep 2020	4 Jan 2021	96
1 Oct 2018 – 30 Sep 2019	4 Dec 2019	65
1 Oct 2017 – 30 Sep 2018	3 Dec 2018	64
1 Oct 2016 – 30 Sep 2017	22 Feb 2018	145
1 Oct 2015 – 30 Sep 2016	10 Feb 2017	133
1 Oct 2014 – 30 Sep 2015	26 Jan 2016	118
1 Oct 2013 – 30 Sep 2014	16 Jan 2015	108
1 Oct 2012 – 30 Sep 2013	7 Mar 2014	158
1 Oct 2011 – 30 Sep 2012	3 Mar 2013	154
1 Oct 2010 – 30 Sep 2011	22 Feb 2012	145
1 Oct 2009 – 30 Sep 2010	20 Feb 2011	143
1 Oct 2008 – 30 Sep 2009	10 Feb 2010	133
1 Oct 2007 – 30 Sep 2008	10 Dec 2008	71
1 Oct 2006 – 30 Sep 2007	25 Feb 2008	148
1 Oct 2005 – 30 Sep 2006	25 Feb 2007	148

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

Role	Name	From	To
CEO	Axel Stemann Larsen	26 Feb 2003	Current
Board	Axel Stemann Larsen	26 Feb 2003	Current
Board	Birgitte Larsen	26 Feb 2003	Current
Board	Lone Stemann	15 Feb 2018	Current
Board	Viggo Finn Christiansen	26 Feb 2003	15 Feb 2018
Owner (100%)	Axel Stemann Larsen	26 Feb 2003	Current
Auditor	LEO OLSEN & DALGAARD STATSAUTORISERET REVISIONSAKTIESELSKAB	26 Feb 2003	20 Feb 2006
Auditor	DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB	20 Feb 2006	16 Feb 2007
Auditor	Revisionsfirmaet Axel Gram I/S	9 Dec 2008	9 May 2014
Auditor	Margit Frølund Hansen	9 May 2014	12 Jan 2015
Founder	Axel Stemann Larsen	26 Feb 2003	Current

The CEOs' other companies

Axel Stemann Larsen – 6 other companies, of which 2 bankrupt

A/S VESTAS (VESTJYDSK STÅLVAREFABRIK) Bankrupt 8 Jan 1987
FREUDENDAHL INVEST A/S Bankrupt 26 Nov 2012
"AXEL LARSEN & CO. A/S" Opløst
AFVIKLINGSSELSKABET ABLM A/S Opløst
AXEL LARSEN CO. A/S Fusioneret
TBS Fyn ApS Fusioneret

Address history (4 moves)

7 Jan 2019	Klintevej 27A, 5300 Kerteminde
9 Feb 2007	Klintevej 27A, 5300 Kerteminde
1 Jan 2007	Kohaven 14B, 5300 Kerteminde
14 Mar 2005	Kohaven 14B, 5300 Kerteminde
26 Feb 2003	Klintevej 45, 5300 Kerteminde

Employees per year

Other companies at the same address

Similar companies in Kerteminde

Questions and answers about PAX A/S

Has PAX A/S gone bankrupt?

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

What is the bankruptcy risk of PAX A/S?

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 PAX A/S?

Axel Stemann Larsen is the CEO of PAX A/S.

Who is the auditor of PAX A/S?

PAX A/S most recently used SØBY REVISORER A/SGODKENDTE REVISORER.

When was PAX A/S founded?

PAX A/S was founded on 26 February 2003.

What is the equity of PAX A/S?

Equity was DKK 8.5m 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.