TWIN HEAT A/S
CVR 27549012 · Public limited company (A/S) · Active · Low risk
TWIN HEAT A/S is a Public limited company (A/S), founded on , based in Gedsted. The company is registered in the industry fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 20 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (30 Apr 2025) shows equity of DKK 4.5m and a net result of DKK 428k. CEO: Esben Baag Pedersen.
Bankruptcy risk for TWIN HEAT A/S
0.2 × the average (1.41%) · higher risk than 49% of active Danish companies
Increases the risk
Reduces the risk
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
- 27549012
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (22 years)
- Address
- Nørrevangen 7
9631 Gedsted - Municipality
- Vesthimmerlands
- Industry
- Fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning (282100)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n. - Share capital
- DKK 500k
- Employees
- 17 (2018)
- Auditor
- Beierholm Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 4 of 21 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 41.7% |
| Current ratio | 164% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 1 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 1 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 7.7m | DKK 9.6m |
| Net profit | DKK 428k | DKK 1.3m |
| Equity | DKK 4.5m | DKK 5.1m |
| Total assets | DKK 10.9m | DKK 11.9m |
| Cash | DKK 7,319 | – |
| Short-term debt | DKK 5.5m | – |
| Tax owed | DKK 150k | – |
| Avg. employees | 13 | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 May 2024 – 30 Apr 2025 | 184 | Late | |
| 1 May 2023 – 30 Apr 2024 | 161 | ||
| 1 May 2022 – 30 Apr 2023 | 197 | Late | |
| 1 May 2021 – 30 Apr 2022 | 190 | Late | |
| 1 May 2020 – 30 Apr 2021 | 149 | ||
| 1 May 2019 – 30 Apr 2020 | 256 | Late | |
| 1 May 2018 – 30 Apr 2019 | 167 | ||
| 1 May 2017 – 30 Apr 2018 | 155 | ||
| 1 May 2016 – 30 Apr 2017 | 60 | ||
| 1 May 2015 – 30 Apr 2016 | 62 | ||
| 1 May 2014 – 30 Apr 2015 | 63 | ||
| 1 May 2013 – 30 Apr 2014 | 82 | ||
| 1 May 2012 – 30 Apr 2013 | 64 | ||
| 1 May 2011 – 30 Apr 2012 | 123 | ||
| 1 May 2010 – 30 Apr 2011 | 75 | ||
| 1 May 2009 – 30 Apr 2010 | 117 | ||
| 1 May 2008 – 30 Apr 2009 | 66 | ||
| 1 Jul 2007 – 30 Apr 2008 | 130 | ||
| 1 Jul 2006 – 30 Jun 2007 | 92 | ||
| 1 Jul 2005 – 30 Jun 2006 | 151 |
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 | Esben Baag Pedersen | Current | |
| Board | Esben Baag Pedersen | Current | |
| Board | Ingrid Solvej Vasegaard | Current | |
| Board | Marianne Susanne Kirsten Pedersen | Current | |
| Board | Søren Elkjær Vasegaard | Current | |
| Board | Hans Christian Rask Troelsen | ||
| Board | Claus Rask Troelsen | ||
| Board | Lars Rask Troelsen | ||
| Owner (100%) | TWIN HEAT HOLDING A/S | Current | |
| Auditor | Beierholm Godkendt Revisionspartnerselskab | Current | |
| Auditor | 2KRIS Invest ApS | ||
| Auditor | BEIERHOLM, STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Founder | HCRT HOLDING ApS | Current |
The CEOs' other companies
Esben Baag Pedersen – 2 other companies
- DANSK NATUR TEKNIK HOLDING ApS Active
- TWIN HEAT HOLDING A/S Active
Address history (1 moves)
| Nørrevangen 7, 9631 Gedsted | |
| Nørrevangen 7, 9631 Gedsted |
Employees per year
Other companies at the same address
- TWIN HEAT HOLDING A/S Active
Similar companies in Vesthimmerlands
- MASKINFABRIKKEN REKA A/S Aars
- Termodan A/S Farsø
- DE af 8. januar 2016 A/S Aars
- JAMI-TECH ApS Aalestrup
Questions and answers about TWIN HEAT A/S
Has TWIN HEAT A/S gone bankrupt?
No, TWIN HEAT A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of TWIN HEAT A/S?
Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.
Who is the CEO of TWIN HEAT A/S?
Esben Baag Pedersen is the CEO of TWIN HEAT A/S.
Who is the auditor of TWIN HEAT A/S?
TWIN HEAT A/S most recently used Beierholm Godkendt Revisionspartnerselskab.
When was TWIN HEAT A/S founded?
TWIN HEAT A/S was founded on 2 January 2004.
What is the equity of TWIN HEAT A/S?
Equity was DKK 4.5m according to the annual report for the period ending 30 April 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.