Northflare Energy A/S

CVR 32283853 · Public limited company (A/S) · Active · High risk

Northflare Energy A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry engroshandel med fast, flydende og luftformigt brændstof og lignende varer. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 17 annual reports have been published. CEO: Ask Michael Munck.

Bankruptcy risk for Northflare Energy A/S

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Auditor's statementAndet · bankruptcy rate 0.0%0.00×
Reporting classReporting class C, large enterprise · bankruptcy rate 0.2%0.03×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
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
32283853
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
Sundkrogsgade 11, 2.
2100 København Ø
Municipality
København
Industry
Engroshandel med fast, flydende og luftformigt brændstof og lignende varer (468100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 2.1m
Employees
8 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 17
Missing annual reportNo
Negative equity–
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies2
Other companies at the address21
Going-concern uncertaintyNo

Financials and key figures

Financial year20262025
Avg. employees6364

Latest annual report: Reporting class C, large enterprise · auditor's statement: Independent Auditor’s Report · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 May 2025 – 30 Apr 202664
1 May 2024 – 30 Apr 202586
1 May 2023 – 30 Apr 202480
1 May 2022 – 30 Apr 202361
1 Jan 2021 – 30 Apr 202262
1 Jan 2020 – 31 Dec 202098
1 Jan 2019 – 31 Dec 2019167
1 Jan 2018 – 31 Dec 2018149
1 Jan 2017 – 31 Dec 2017160
1 Jan 2016 – 31 Dec 2016152
1 Jan 2015 – 31 Dec 2015180
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013150
1 Jan 2012 – 31 Dec 2012150
1 Jan 2011 – 31 Dec 2011129
1 Jan 2010 – 31 Dec 2010151
1 Jul 2009 – 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
CEOAsk Michael MunckCurrent
CEOMichael Hjorth Christensen
CEOAsk Michael Munck
BoardChristian Pagaard JunkerCurrent
BoardJan Flemming Bech AndersenCurrent
BoardLouise Wenche KochCurrent
BoardSøren Fournaise EriksenCurrent
BoardPeter Hald AppelCurrent
BoardNina ØstergaardCurrent
BoardTorben Herman Christensen
BoardSimon Christensen
BoardSergey Genkin
BoardKarl Mikael Ullman
BoardMorten Hultberg Buchgreitz
BoardNina Østergaard
Owner (100%)Northflare Energy Holding A/SCurrent
Owner (67%)CM HOLDING A/S
Owner (25%)Prudential Investments Foundation
Owner (25%)Sergey Genkin
Owner (25%)Sergey Genkin
Owner (25%)Bigmove Holdings Limited
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorHENRICHSEN & CO HOLDING 1 ApS
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderCM HOLDING A/SCurrent
FounderTeknoinvest LimitedCurrent

The CEOs' other companies

Ask Michael Munck – 13 other companies, of which 3 bankrupt

Michael Hjorth Christensen – 10 other companies

Address history (3 moves)

Sundkrogsgade 11, 2., 2100 København Ø
Sundkrogsgade 11, 2., 2100 København Ø
Klubiensvej 22, 2150 Nordhavn
Lindegårdsvej 17, 2920 Charlottenlund

Former names

Northflare Energy A/S – now
CM BIOMASS PARTNERS A/S –

Employees per year

Number of employees at Northflare Energy A/S per year482018: 82018

Other companies at the same address

Similar companies in København

Questions and answers about Northflare Energy A/S

Has Northflare Energy A/S gone bankrupt?

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

What is the bankruptcy risk of Northflare Energy A/S?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of Northflare Energy A/S?

Ask Michael Munck is the CEO of Northflare Energy A/S.

Who is the auditor of Northflare Energy A/S?

Northflare Energy A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Northflare Energy A/S founded?

Northflare Energy A/S was founded on 1 July 2009.

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