ELGAARD BALLE HOLDING ApS
CVR 29686068 · Private limited company (ApS) · Active · Low risk
ELGAARD BALLE HOLDING ApS is a Private limited company (ApS), founded on , based in Hinnerup. The company is registered in the industry udlejning og leasing af landbrugsmaskiner og -udstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 19 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 2.0m and a net result of DKK 993k. CEO: Morten Elgaard Balle.
Bankruptcy risk for ELGAARD BALLE HOLDING ApS
0.1 × the average (1.41%) · higher risk than 38% 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
- 29686068
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (20 years)
- Address
- Århusvej 22
8382 Hinnerup - Municipality
- Favrskov
- Industry
- Udlejning og leasing af landbrugsmaskiner og -udstyr (773100)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n. - Share capital
- DKK 125k
- Auditor
- Martinsen, Statsautoriseret Revisionspartnerselskab
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 2 of 19 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 58.4% |
| Current ratio | 300% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 2 |
| Other companies at the address | 3 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 1.9m | DKK 1.6m |
| Net profit | DKK 993k | DKK -506k |
| Equity | DKK 2.0m | DKK 1.0m |
| Total assets | DKK 3.5m | DKK 2.5m |
| Cash | DKK 572k | – |
| Short-term debt | DKK 518k | – |
| Tax owed | DKK 0 | – |
| Avg. employees | 1 | – |
Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 125 | ||
| 1 Jan 2024 – 31 Dec 2024 | 178 | ||
| 1 Jan 2023 – 31 Dec 2023 | 177 | ||
| 1 Jan 2022 – 31 Dec 2022 | 177 | ||
| 1 Jan 2021 – 31 Dec 2021 | 178 | ||
| 1 Jan 2020 – 31 Dec 2020 | 181 | ||
| 1 Jan 2019 – 31 Dec 2019 | 192 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 154 | ||
| 1 Jan 2017 – 31 Dec 2017 | 178 | ||
| 1 Jan 2016 – 31 Dec 2016 | 151 | ||
| 1 Jan 2015 – 31 Dec 2015 | 153 | ||
| 1 Jan 2014 – 31 Dec 2014 | 156 | ||
| 1 Jan 2013 – 31 Dec 2013 | 181 | ||
| 1 Jan 2012 – 31 Dec 2012 | 190 | Late | |
| 1 Jan 2011 – 31 Dec 2011 | 180 | ||
| 1 Jan 2010 – 31 Dec 2010 | 159 | ||
| 1 Jan 2009 – 31 Dec 2009 | 154 | ||
| 1 Jan 2008 – 31 Dec 2008 | 155 | ||
| 10 Jul 2006 – 31 Dec 2007 | 162 |
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 | Morten Elgaard Balle | Current | |
| Owner (100%) | Morten Elgaard Balle | Current | |
| Auditor | Kanul ApS | ||
| Auditor | HOLDT REVISION ApS, STATSAUTORISERET REVISOR | ||
| Auditor | Kanul ApS | ||
| Auditor | MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | Morten Elgaard Balle | Current |
The CEOs' other companies
Morten Elgaard Balle – 3 other companies, of which 2 bankrupt
- BYGGESELSKABET ELGAARD ApS Bankrupt 4 Jul 2024
- MB ANLÆG & TEKNIK ApS Bankrupt 27 Feb 2015
- MT Entreprenør ApS Active
Address history (3 moves)
| Århusvej 22, 8382 Hinnerup | |
| Århusvej 22, 8382 Hinnerup | |
| Gråstenvej 18, 8382 Hinnerup | |
| Gråstenvej 18, 8382 Hinnerup |
Other companies at the same address
- BYGGESELSKABET ELGAARD ApS Bankrupt
- EURO INVEST, HINNERUP ApS Compulsorily dissolved
- MT Entreprenør ApS Active
Similar companies in Favrskov
- WekoCare A/S Hammel
- LERBÆKLUND ApS Hadsten
- LYNGFELDT MASKINUDLEJNING ApS Hadsten
- STROCO-AGRO UDLEJNING ApS Hammel
Questions and answers about ELGAARD BALLE HOLDING ApS
Has ELGAARD BALLE HOLDING ApS gone bankrupt?
No, ELGAARD BALLE HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of ELGAARD BALLE HOLDING ApS?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.
Who is the CEO of ELGAARD BALLE HOLDING ApS?
Morten Elgaard Balle is the CEO of ELGAARD BALLE HOLDING ApS.
Who is the auditor of ELGAARD BALLE HOLDING ApS?
ELGAARD BALLE HOLDING ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.
When was ELGAARD BALLE HOLDING ApS founded?
ELGAARD BALLE HOLDING ApS was founded on 10 July 2006.
What is the equity of ELGAARD BALLE HOLDING ApS?
Equity was DKK 2.0m 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.