PG DEVELOPMENT ApS

CVR 27721575 · Private limited company (ApS) · Active · Low risk

PG DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Odense C. 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 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 442.7m and a net result of DKK -95.9m. CEO: Peter Grøftehauge.

Bankruptcy risk for PG DEVELOPMENT ApS

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

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
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
27721575
Status
Active
Company type
Private limited company (ApS)
Founded
(22 years)
Address
Skibhusvej 52A, st.
5000 Odense C
Municipality
Odense
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 22
Missing annual reportNo
Negative equityNo
Equity ratio95.4%
Current ratio12%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address18
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 589kDKK -636kDKK -20.5m
Net profitDKK -95.9mDKK -71.0mDKK 547.8m
EquityDKK 442.7mDKK 550.2mDKK 622.5m
Total assetsDKK 464.0mDKK 557.0mDKK 643.0m
Cash–DKK 0–
Short-term debtDKK 21.3mDKK 6.9m–
Avg. employees0––

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024171
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020183
1 Jan 2019 – 31 Dec 2019182
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017152
1 Jan 2016 – 31 Dec 2016156
1 Jan 2015 – 31 Dec 2015151
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013155
1 Jan 2012 – 31 Dec 2012155
1 Jan 2011 – 31 Dec 2011159
1 Jan 2010 – 31 Dec 2010158
1 Jul 2008 – 30 Jun 2009156
1 Jul 2007 – 30 Jun 2008156
1 Jul 2006 – 30 Jun 2007157
1 Jul 2005 – 30 Jun 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
CEOPeter GrøftehaugeCurrent
Owner (100%)Peter GrøftehaugeCurrent
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

Peter Grøftehauge – 19 other companies, of which 1 bankrupt

Address history (2 moves)

Skibhusvej 52A, st., 5000 Odense C
Tolderlundsvej 3E, 2., 5000 Odense C
Faaborgvej 14, 2., 5250 Odense SV

Other companies at the same address

Similar companies in Odense

Questions and answers about PG DEVELOPMENT ApS

Has PG DEVELOPMENT ApS gone bankrupt?

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

What is the bankruptcy risk of PG DEVELOPMENT 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 PG DEVELOPMENT ApS?

Peter Grøftehauge is the CEO of PG DEVELOPMENT ApS.

Who is the auditor of PG DEVELOPMENT ApS?

PG DEVELOPMENT ApS most recently used EY Godkendt Revisionspartnerselskab.

When was PG DEVELOPMENT ApS founded?

PG DEVELOPMENT ApS was founded on 28 April 2004.

What is the equity of PG DEVELOPMENT ApS?

Equity was DKK 442.7m 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.