HWAM A/S
CVR 32155146 · Public limited company (A/S) · Active · Low risk
HWAM A/S is a Public limited company (A/S), founded on , based in Hørning. The company is registered in the industry fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 16 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 97.8m and a net result of DKK 12.9m.
Bankruptcy risk for HWAM A/S
0.0 × the average (1.41%) · higher risk than 18% 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
- 32155146
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (17 years)
- Address
- Nydamsvej 53
8362 Hørning - Municipality
- Skanderborg
- Industry
- Fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning (282100)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n. - Share capital
- DKK 903k
- Employees
- 70 (2018)
- Auditor
- Beierholm Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 1 of 16 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 84.6% |
| Current ratio | 624% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 7 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 9 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 72.5m | DKK 94.9m | DKK 130.3m |
| Net profit | DKK 12.9m | DKK 30.6m | DKK 55.8m |
| Equity | DKK 97.8m | DKK 104.9m | DKK 94.3m |
| Total assets | DKK 115.6m | DKK 126.0m | DKK 122.2m |
| Cash | DKK 51.6m | DKK 63.8m | – |
| Short-term debt | DKK 15.0m | DKK 18.6m | – |
| Tax owed | DKK 0 | DKK 273k | – |
| Avg. employees | 83 | 90 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Beierholm.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 148 | ||
| 1 Jan 2024 – 31 Dec 2024 | 83 | ||
| 1 Jan 2023 – 31 Dec 2023 | 120 | ||
| 1 Jan 2022 – 31 Dec 2022 | 131 | ||
| 1 Jan 2021 – 31 Dec 2021 | 172 | ||
| 1 Jan 2020 – 31 Dec 2020 | 126 | ||
| 1 Jan 2019 – 31 Dec 2019 | 260 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 155 | ||
| 1 Jan 2017 – 31 Dec 2017 | 154 | ||
| 1 Jan 2016 – 31 Dec 2016 | 145 | ||
| 1 Jul 2014 – 30 Jun 2015 | 115 | ||
| 1 Jul 2013 – 30 Jun 2014 | 122 | ||
| 1 Jul 2012 – 30 Jun 2013 | 87 | ||
| 1 Jul 2011 – 30 Jun 2012 | 152 | ||
| 1 Jul 2010 – 30 Jun 2011 | 152 | ||
| 25 May 2009 – 30 Jun 2010 | 147 |
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 | Vagn Hvam Pedersen | ||
| CEO | Ole Bøje | ||
| CEO | Hans Krog Nielsen | ||
| CEO | Vagn Hvam Pedersen | ||
| CEO | Karsten Hvoldal | ||
| Board | Stefan Hvam Pedersen | Current | |
| Board | Aymeric de Bodin de Galembert | Current | |
| Board | Tommy Damsboe Holgersen | Current | |
| Board | Pernille Hjortshøj Stenholt | Current | |
| Board | Pascal Jöel Gérard Cornet | Current | |
| Board | Vagn Hvam Pedersen | ||
| Board | Niels Mikael Hald | ||
| Board | Niels Peder Opstrup | ||
| Board | Lars Rathje | ||
| Board | Johnny Rosendahl Frandsen | ||
| Board | Thomas Villum Folmann | ||
| Board | Thomas Villum Folmann | ||
| Board | Finn Jørgensen | ||
| Board | Vagn Hvam Pedersen | ||
| Board | Torsten Hvam Sølund | ||
| Board | Jacques Aurand | ||
| Owner (25%) | SHP-Invest ApS | Current | |
| Owner (67%) | SAS SEGUIN DUTERIEZ | Current | |
| Owner (25%) | SHP-Invest ApS | ||
| Owner (25%) | TORSTEN HWAM INVEST ApS | ||
| Owner (50%) | V&B H INVEST ApS | ||
| Owner (67%) | SAS SEGUIN DUTERIEZ | ||
| Owner (10%) | SHP-Invest ApS | ||
| Auditor | Beierholm Godkendt Revisionspartnerselskab | Current | |
| Auditor | ERNST & YOUNG DENMARK P/S | ||
| Founder | RASLUND INVEST ApS | Current |
The CEOs' other companies
Vagn Hvam Pedersen – 10 other companies, of which 1 bankrupt
- HWAM HEAT DESIGN A/S Bankrupt 2 Jul 2009
- HWAM HOLDING A/S Opløst
- HWAM INVEST ApS Opløst
- IHS INNOVATION ApS Opløst
- Lindab Aarhus A/S Fusioneret
- NYDAMSVEJ 53 AF 15. SEPTEMBER 2004A/S Opløst
- RASLUND INVEST ApS Opløst
- RASLUND TEMP ApS Fusioneret
- V&B H INVEST ApS Active
- WIKING A/S Fusioneret
Ole Bøje – 1 other companies
Hans Krog Nielsen – 10 other companies, of which 2 bankrupt
- BENT KROGH FURNITURE A/S Bankrupt 5 Nov 2008
- JSP MASKINFABRIK A/S Bankrupt 16 Aug 2001
- ADVANCED SUBSTRATE TECHNOLOGIES A/S Active
- AVS AF 29.04.2010 ApS Compulsorily dissolved
- BKR INVEST A/S Opløst
- CYLINDRIC DENMARK A/S Active
- Eriska Holding ApS Opløst
- KROGMAL ApS Active
- NEWMAN TONKS DENMARK A/S Fusioneret
- RANDI A/S Active
Karsten Hvoldal – 14 other companies, of which 1 bankrupt
- 3XH BYGGEMARKED A/S Bankrupt 23 Jun 2014
- AKTIESELSKABET AF 22/9 1976 Compulsorily dissolved
- CENTERHUSET GLYNGØRE Aps Fusioneret
- DANTEX HOLDING A/S Active
- EJENDOMSAKTIESELSKABET VESTERGADE 58, IKAST Compulsorily dissolved
- FJERO A/S Active
- HVOLDAL CONSULT ApS Opløst
- Hugin og Munin støtte og rådgivning IvS Compulsorily dissolved
- IHS INNOVATION ApS Opløst
- JOHN KIRKEGAARD MASKINFABRIK A/S Fusioneret
- MTH Biler A/S Active
- SKOV A/S. GLYNGØRE Active
- SKOV FINANS A/S Opløst
- SKOV INVEST. GLYNGØRE ApS Active
Address history (1 moves)
| Nydamsvej 53, 8362 Hørning | |
| Nydamsvej 53, 8362 Hørning |
Former names
| HWAM A/S | – now |
| ANPARTSSELSKABET AF 25.MAJ 2009 | – |
Employees per year
Other companies at the same address
- HWAM HEAT DESIGN A/S Bankrupt
- HWAM Ejendomme ApS Active
- HWAM HOLDING A/S Opløst
- HWAM INVEST ApS Opløst
- IHS INNOVATION ApS Opløst
- NYDAMSVEJ 53 AF 15. SEPTEMBER 2004A/S Opløst
- RASLUND INVEST ApS Opløst
- RASLUND TEMP ApS Fusioneret
- V&B H INVEST ApS Active
Similar companies in Skanderborg
- JUSTSEN ENERGITEKNIK A/S Skanderborg
- HWAM HEAT DESIGN A/S Hørning
- Aguasol International ApS Galten
- IHS INNOVATION ApS Hørning
Questions and answers about HWAM A/S
Has HWAM A/S gone bankrupt?
No, HWAM A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of HWAM 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 HWAM A/S?
HWAM A/S most recently used Beierholm Godkendt Revisionspartnerselskab.
When was HWAM A/S founded?
HWAM A/S was founded on 25 May 2009.
What is the equity of HWAM A/S?
Equity was DKK 97.8m 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.