Kalundborg Refinery A/S

CVR 29975884 · Public limited company (A/S) · Active · Low risk

Kalundborg Refinery A/S is a Public limited company (A/S), founded on , based in Kalundborg. The company is registered in the industry fremstilling af raffinerede mineralolieprodukter og fossile brændstoffer. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 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.

Bankruptcy risk for Kalundborg Refinery A/S

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Reporting classReporting class D · bankruptcy rate 3.9%0.44×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
29975884
Status
Active
Company type
Public limited company (A/S)
Founded
(20 years)
Address
Melbyvej 17
4400 Kalundborg
Municipality
Kalundborg
Industry
Fremstilling af raffinerede mineralolieprodukter og fossile brændstoffer (192000)
Bankruptcies in the industry: Fremstilling af raffinerede mineralolieprodukter
Share capital
DKK 195.7m
Employees
335 (2018)
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late1 of 20
Missing annual reportNo
Negative equity–
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024

Latest annual report: Reporting class D · auditor's statement: Auditor's report on audited financial statements · KPMG Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025127
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023148
1 Jan 2022 – 31 Dec 2022209 Late
1 Jan 2021 – 31 Dec 2021167
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019148
1 Jan 2018 – 31 Dec 2018140
1 Jan 2017 – 31 Dec 2017145
1 Jan 2016 – 31 Dec 2016150
1 Jan 2015 – 31 Dec 2015144
1 Jan 2014 – 31 Dec 2014133
1 Jan 2013 – 31 Dec 2013146
1 Jan 2012 – 31 Dec 2012169
1 Jan 2011 – 31 Dec 2011166
1 Jan 2010 – 31 Dec 2010153
1 Jan 2009 – 31 Dec 2009152
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007156
26 Oct 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
CEOBo Steen Madsen
CEOStig-Roar Olsen
CEOStephen Edward McCaffrey
BoardMikkel PaghCurrent
BoardNiels BechCurrent
BoardJoseph Zammit TabonaCurrent
BoardAllan Gary Edward KleschCurrent
BoardJuergen WollschlaegerCurrent
BoardJesus Tamara VelascoCurrent
BoardSven-Ole Toft
BoardLars Rosenløv Jensen
BoardJohn Berg
BoardStig-Roar Olsen
BoardBo Steen Madsen
BoardArne Sigve Nylund
BoardBent Rune Solheim
BoardOlav Leivestad
BoardAnnette Munch
BoardJohn Høines
BoardMogens Damm
BoardKjetil Ohm
BoardEva Nygård
BoardLars Thorstholm
BoardTorben Haurum
BoardBjarne Grothe
BoardLars Rosenløv Jensen
BoardOlav Risa
BoardBørje Eikemo
BoardLars Johan Mølster
BoardSvein Harald Storli
BoardHanne Smedvig
BoardGiuseppina Ragone
BoardMichael John Adam Serink
BoardGrete Birgitte Haaland
BoardMette Ferkingstad
BoardGiuseppina Ragone
BoardTore Aarreberg
BoardJofrid Tone Klokkehaug
BoardSidsel Lokna
BoardOle-Tobias Frich
Owner (100%)Klesch Refining Denmark A/SCurrent
Owner (100%)Equinor Danmark A/S
AuditorKPMG P/SCurrent
AuditorEY Danmark A/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorKPMG P/S
AuditorEY Godkendt Revisionspartnerselskab
FounderCIRCLE K DANMARK A/SCurrent

The CEOs' other companies

Stig-Roar Olsen – 1 other companies

Address history (4 moves)

Melbyvej 17, 4400 Kalundborg
Melbyvej 17, 4400 Kalundborg
Melbyvej 10, 4400 Kalundborg
Melbyvej 17, 4400 Kalundborg
c/o Statiol A/S, Borgmester Christiansens Gade 50, 2450 København SV

Former names

Kalundborg Refinery A/S – now
Equinor Refining Denmark A/S –
STATOIL REFINING DENMARK A/S –
STATOIL BIOETHANOL A/S –

Employees per year

Number of employees at Kalundborg Refinery A/S per year2104202011: 42020112012: 38920122013: 39120132014: 38020142015: 33520152016: 31820162017: 33420172018: 3352018

Other companies at the same address

Similar companies in Kalundborg

Questions and answers about Kalundborg Refinery A/S

Has Kalundborg Refinery A/S gone bankrupt?

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

What is the bankruptcy risk of Kalundborg Refinery A/S?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the auditor of Kalundborg Refinery A/S?

Kalundborg Refinery A/S most recently used KPMG P/S.

When was Kalundborg Refinery A/S founded?

Kalundborg Refinery A/S was founded on 26 October 2006.

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