SVITZER TOWAGE A/S

CVR 29537216 · Public limited company (A/S) · Active · Low risk

SVITZER TOWAGE A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry drift af bugserings-, bjærgnings- og redningsvæsen mv.. 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 Dec 2025) shows equity of DKK 247.6m and a net result of DKK 20.5m. CEO: Michael Andrew Hill.

Bankruptcy risk for SVITZER TOWAGE 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

RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Reporting classReporting class C, medium-size enterprise · bankruptcy rate 0.8%0.09×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
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
29537216
Status
Active
Company type
Public limited company (A/S)
Founded
(20 years)
Address
Sundkrogsgade 17
2100 København Ø
Municipality
København
Industry
Drift af bugserings-, bjærgnings- og redningsvæsen mv. (522220)
Bankruptcies in the industry: Speditører
Share capital
DKK 54.3m
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 20
Missing annual reportNo
Negative equityNo
Equity ratio55.1%
Current ratio11,947%
Moves (last 2 years)0
CEO changes in total22
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 32.6mDKK 33.2mDKK 26.2m
Net profitDKK 20.5mDKK 29.2mDKK 26.5m
EquityDKK 247.6mDKK 256.1mDKK 426.9m
Total assetsDKK 449.2mDKK 457.8mDKK 429.0m
Short-term debtDKK 2.3mDKK 2.6m–
Avg. employees22–

Latest annual report: Reporting class C, medium-size enterprise · auditor's statement: Auditor's report on audited financial statements · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202576
1 Jan 2024 – 31 Dec 2024150
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021172
1 Jan 2020 – 31 Dec 2020172
1 Jan 2019 – 31 Dec 2019171
1 Jan 2018 – 31 Dec 2018158
1 Jan 2017 – 31 Dec 2017164
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015154
1 Jan 2014 – 31 Dec 2014154
1 Jan 2013 – 31 Dec 2013150
1 Jan 2012 – 31 Dec 2012153
1 Jan 2011 – 31 Dec 2011151
1 Jan 2010 – 31 Dec 2010153
1 Jan 2009 – 31 Dec 2009152
1 Jan 2008 – 31 Dec 2008154
1 Jan 2007 – 31 Dec 2007153
10 Apr 2006 – 31 Dec 2006155

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
CEOMichael Andrew HillCurrent
CEOPeter Rønnest Andersen
CEOJørn Peter Madsen
CEOPaul Hans Carsten Pedersen
CEOChristopher Allan Brett
CEOLars Bjørn Heineke
CEOKnud Lind Winkler
CEOMichael Charles Coleman
CEODavid Paul Phillips
CEOKarl Fredrik Mikael Thorngren
CEOLaavanya Paripurapavan
CEONicolaj Noes
BoardKnud Lind WinklerCurrent
BoardDavid Paul PhillipsCurrent
BoardMichael Andrew HillCurrent
BoardSamir Abboud
BoardClaus Michael Valentin Hemmingsen
BoardPaul Hans Carsten Pedersen
BoardMarianne Sørensen Henriksen
BoardStig Hoffmeyer
BoardMark Malone
BoardMichael Charles Coleman
BoardKasper Friis Nilaus
BoardKarl Fredrik Mikael Thorngren
BoardLaavanya Paripurapavan
BoardNicolaj Noes
Owner (100%)SVITZER A/SCurrent
Owner (90%)SVITZER A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorCJ Partnership I/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorEY Godkendt Revisionspartnerselskab
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMaersk Oil Trading and Investments A/SCurrent

The CEOs' other companies

Peter Rønnest Andersen – 26 other companies

Jørn Peter Madsen – 28 other companies

Paul Hans Carsten Pedersen – 24 other companies, of which 1 bankrupt

Christopher Allan Brett – 8 other companies

Lars Bjørn Heineke – 27 other companies, of which 2 bankrupt

Knud Lind Winkler – 7 other companies

Address history (6 moves)

Sundkrogsgade 17, 2100 København Ø
Sundkrogsgade 17, 2100 København Ø
Esplanaden 50, 1263 København K
Amaliegade 44, 1256 København K
Sundkaj 153, 2150 Nordhavn
Sundkaj 9, 2150 Nordhavn
Esplanaden 50, 1263 København K

Former names

SVITZER TOWAGE A/S – now
MAERSK FPSOS AUSTRALIA A/S –
MAERSK OFFSHORE PRODUCTION AUSTRALIA A/S –
MAERSK CONTRACTORS FPSO CONSTRUCTION A/S –

Other companies at the same address

Similar companies in København

Questions and answers about SVITZER TOWAGE A/S

Has SVITZER TOWAGE A/S gone bankrupt?

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

What is the bankruptcy risk of SVITZER TOWAGE 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 SVITZER TOWAGE A/S?

Michael Andrew Hill is the CEO of SVITZER TOWAGE A/S.

Who is the auditor of SVITZER TOWAGE A/S?

SVITZER TOWAGE A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was SVITZER TOWAGE A/S founded?

SVITZER TOWAGE A/S was founded on 10 April 2006.

What is the equity of SVITZER TOWAGE A/S?

Equity was DKK 247.6m 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.