HEARTLAND A/S

CVR 28502370 · Public limited company (A/S) · Active · Low risk

HEARTLAND A/S is a Public limited company (A/S), founded on , based in Aarhus 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. The latest annual report (31 Jul 2025) shows equity of DKK 37.0bn and a net result of DKK 4.6bn.

Bankruptcy risk for HEARTLAND A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
28502370
Status
Active
Company type
Public limited company (A/S)
Founded
(21 years)
Address
Store Torv 1, 3.
8000 Aarhus C
Municipality
Aarhus
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 80.1m
Employees
19 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 21
Missing annual reportNo
Negative equityNo
Equity ratio84.1%
Current ratio63%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address49
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -28.0mDKK -27.0m
Net profitDKK 4.6bnDKK 2.2bn
EquityDKK 37.0bnDKK 33.3bn
Total assetsDKK 44.1bnDKK 41.2bn
CashDKK 284.0m–
Short-term debtDKK 6.9bn–
Tax owedDKK 0–
Avg. employees32–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · EY godkendt revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Aug 2024 – 31 Jul 2025113
1 Aug 2023 – 31 Jul 2024114
1 Aug 2022 – 31 Jul 2023121
1 Aug 2021 – 31 Jul 2022116
1 Aug 2020 – 31 Jul 2021114
1 Aug 2019 – 31 Jul 2020118
1 Aug 2018 – 31 Jul 2019121
1 Aug 2017 – 31 Jul 2018115
1 Aug 2016 – 31 Jul 2017119
1 Aug 2015 – 31 Jul 2016121
1 Aug 2014 – 31 Jul 2015123
1 Aug 2013 – 31 Jul 2014130
1 Aug 2012 – 31 Jul 2013119
1 Aug 2011 – 31 Jul 2012121
1 Aug 2010 – 31 Jul 2011122
1 Aug 2009 – 31 Jul 2010121
1 Aug 2008 – 31 Jul 2009143
1 Aug 2007 – 31 Jul 2008137
1 Aug 2006 – 31 Jul 2007155
1 Aug 2005 – 31 Jul 2006133

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
CEOAnders Holch Povlsen
BoardTroels Holch PovlsenCurrent
BoardAnne Kirstine Storm Holch PovlsenCurrent
BoardAnders Holch PovlsenCurrent
BoardMerete Bech PovlsenCurrent
BoardAnders Holch Povlsen
BoardMerete Bech Povlsen
Owner (33%)Anders Holch PovlsenCurrent
Owner (5%)Astrid Storm Holch PovlsenCurrent
Owner (33%)HEARTLAND A/SCurrent
Owner (100%)AKTIESELSKABET AF 1.8.2007
Owner (50%)Anders Holch Povlsen
Owner (50%)Anpartsselskabet af 1.1.2017
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorPartner Revision statsautoriseret revisionsaktieselskab

The CEOs' other companies

Anders Holch Povlsen – 41 other companies, of which 1 bankrupt

Address history (3 moves)

Store Torv 1, 3., 8000 Aarhus C
Inge Lehmanns Gade 2, 8000 Aarhus C
Fredskovvej 5, 7330 Brande
Fredskovvej 5, 7330 Brande

Former names

HEARTLAND A/S – now
AKTIESELSKABET AF 1.8.2004 –
AKTIESELSKABET AF 1/8 2004 –

Employees per year

Number of employees at HEARTLAND A/S per year10192017: 1420172018: 192018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about HEARTLAND A/S

Has HEARTLAND A/S gone bankrupt?

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

What is the bankruptcy risk of HEARTLAND 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 auditor of HEARTLAND A/S?

HEARTLAND A/S most recently used EY Godkendt Revisionspartnerselskab.

When was HEARTLAND A/S founded?

HEARTLAND A/S was founded on 23 February 2005.

What is the equity of HEARTLAND A/S?

Equity was DKK 37.0bn according to the annual report for the period ending 31 July 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.