WINDAR PHOTONICS A/S

CVR 32157688 · Public limited company (A/S) · Active · High risk

WINDAR PHOTONICS A/S is a Public limited company (A/S), founded on , based in Ishøj. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 5.8% over the next 12 months, which is 4.1 times the average for Danish companies. 17 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 -4.3m and a net result of DKK -8.6m.

Bankruptcy risk for WINDAR PHOTONICS A/S

5.8%
probability of bankruptcy within 12 months
High risk

4.1 × the average (1.41%) · higher risk than 93% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
32157688
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
Baldersbækvej 24, 1.
2635 Ishøj
Municipality
Ishøj
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 400k
Employees
20 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 17
Missing annual reportNo
Negative equityYes
Equity ratio-4.8%
Current ratio74%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies4
Other companies at the address28
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 18.8mDKK 13.5mDKK 13.2m
Net profitDKK -8.6mDKK -2.4mDKK -4.3m
EquityDKK -4.3mDKK 4.3mDKK 6.7m
Total assetsDKK 90.5mDKK 110.7mDKK 21.7m
CashDKK 29.9mDKK 51.7m–
Short-term debtDKK 93.4mDKK 104.2m–
Avg. employees2421–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022169
1 Jan 2021 – 31 Dec 2021312 Late
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019286 Late
1 Jan 2018 – 31 Dec 2018177
1 Jan 2017 – 31 Dec 2017151
1 Jan 2016 – 31 Dec 2016166
1 Jan 2015 – 31 Dec 2015161
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013127
1 Jan 2012 – 31 Dec 2012151
1 Jan 2011 – 31 Dec 2011134
1 Jan 2010 – 31 Dec 2010170
28 Dec 2008 – 31 Dec 2009154

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
CEOJørgen Korsgaard Jensen
CEOJørgen Korsgaard Jensen
CEOSøren Karles Belmar
BoardPaul Joseph HodgesCurrent
BoardDavid George LisCurrent
BoardGavin Maxwell MansonCurrent
BoardJørgen Korsgaard Jensen
BoardHenrik Læsø Sørensen
BoardKim Rishøj Pedersen
BoardStig Gert Ersgard
BoardJohan Blach Petersen
BoardJakob Steen Jensen
BoardSteen Halbye
BoardClaus Kurt Christensen
BoardUlla Brockenhuus-Schack
BoardNiels Vejrup Carlsen
BoardJohan Blach Petersen
BoardMartin Rambusch
BoardJohn Pix Westen
BoardSimon Gregory Barrell
BoardJohan Blach Petersen
BoardSøren Høffer
BoardJohan Blach Petersen
BoardJørgen Korsgaard Jensen
Owner (100%)Windar Denmark ApSCurrent
Owner (100%)Windar Photonics Plc
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderHenrik Læsø SørensenCurrent
FounderFAVATO ApSCurrent
FounderMEKA ApSCurrent
FounderOXB ApSCurrent
FounderNORDIC VENTURE CAPITAL A/SCurrent
FounderJ. BLACH PETERSEN BUSINESS DEVELOPMENT A/SCurrent
FounderTINGSKIFTE INVEST A/SCurrent
FounderM+ Invest ApSCurrent
FounderINVESTERINGSSELSKABET AF 11. AUGUST 2005 A/SCurrent
FounderSinika LimitedCurrent

The CEOs' other companies

Jørgen Korsgaard Jensen – 10 other companies, of which 4 bankrupt

Søren Karles Belmar – 1 other companies

Address history (2 moves)

Baldersbækvej 24, 1., 2635 Ishøj
Helgeshøj Alle 16, 2630 Taastrup
Frederiksborgvej 399, 4000 Roskilde

Employees per year

Number of employees at WINDAR PHOTONICS A/S per year12242012: 520122013: 820132014: 1820142015: 2420152016: 1820162017: 1920172018: 202018

Other companies at the same address

Similar companies in Ishøj

Questions and answers about WINDAR PHOTONICS A/S

Has WINDAR PHOTONICS A/S gone bankrupt?

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

What is the bankruptcy risk of WINDAR PHOTONICS A/S?

Our model estimates a bankruptcy risk of 5.8% over the next 12 months (high risk), which is 4.1 times the average for Danish companies.

Who is the auditor of WINDAR PHOTONICS A/S?

WINDAR PHOTONICS A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was WINDAR PHOTONICS A/S founded?

WINDAR PHOTONICS A/S was founded on 28 December 2008.

What is the equity of WINDAR PHOTONICS A/S?

Equity was DKK -4.3m 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.