XO SHIPPING A/S
CVR 33080212 · Public limited company (A/S) · Active · Low risk
XO SHIPPING A/S is a Public limited company (A/S), founded on , based in Hellerup. The company is registered in the industry sø- og kysttransport af gods. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 15 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 34.0m and a net result of DKK -5.7m. CEO: Sinan Utlu.
Bankruptcy risk for XO SHIPPING A/S
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
- 33080212
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (16 years)
- Address
- Tuborg Havnevej 18, st.
2900 Hellerup - Municipality
- Gentofte
- Industry
- Sø- og kysttransport af gods (502000)
Bankruptcies in the industry: Sø- og kysttransport af gods - Share capital
- DKK 53.0m
- Employees
- 18 (2018)
- Auditor
- PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 2 of 15 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 51.9% |
| Current ratio | 179% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 7 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 198 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | DKK 378.9m | DKK 362.2m | DKK 426.6m |
| Gross profit | DKK 79k | DKK 100k | DKK 7.1m |
| Net profit | DKK -5.7m | DKK -1.1m | DKK 2.8m |
| Equity | DKK 34.0m | DKK 37.3m | DKK 39.2m |
| Total assets | DKK 65.4m | DKK 65.5m | DKK 76.8m |
| Cash | DKK 14.6m | DKK 12.0m | – |
| Short-term debt | DKK 31.4m | DKK 28.2m | – |
| Tax owed | DKK 199k | DKK 3.5m | – |
| Avg. employees | 33 | 35 | – |
Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 179 | ||
| 1 Jan 2024 – 31 Dec 2024 | 183 | ||
| 1 Jan 2023 – 31 Dec 2023 | 187 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 109 | ||
| 1 Jan 2021 – 31 Dec 2021 | 88 | ||
| 1 Jan 2020 – 31 Dec 2020 | 117 | ||
| 1 Jan 2019 – 31 Dec 2019 | 164 | ||
| 1 Jan 2018 – 31 Dec 2018 | 140 | ||
| 1 Jan 2017 – 31 Dec 2017 | 99 | ||
| 1 Jan 2016 – 31 Dec 2016 | 102 | ||
| 1 Jan 2015 – 31 Dec 2015 | 141 | ||
| 1 Jan 2014 – 31 Dec 2014 | 139 | ||
| 1 Jan 2013 – 31 Dec 2013 | 116 | ||
| 1 Jan 2012 – 31 Dec 2012 | 137 | ||
| 19 Aug 2010 – 31 Dec 2011 | 128 |
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 | Sinan Utlu | Current | |
| CEO | Rico Romme Nielsen | ||
| CEO | Kim Holberg Pihl | ||
| CEO | Alexander Sillehoved | ||
| Board | Kent Hedegaard | Current | |
| Board | Morten Vesth | Current | |
| Board | Mikkel Rabjerg | Current | |
| Board | Nicolai Stehn Kohls | Current | |
| Board | Torkel Baden Olrik | ||
| Board | Christian Philip Levin | ||
| Board | Kim Holberg Pihl | ||
| Board | Ejner Kiel Bonderup | ||
| Board | Erik Svanberg | ||
| Board | Kim Holberg Pihl | ||
| Board | Sinan Utlu | ||
| Owner (15%) | InVesth ApS | Current | |
| Owner (10%) | West Coast Horizon ApS | Current | |
| Owner (25%) | INDIGO SHIPPING A/S | Current | |
| Owner (25%) | XO Family ApS | Current | |
| Owner (5%) | Linika Invest ApS | Current | |
| Owner (5%) | Morten Kiellberg Hansen | ||
| Owner (5%) | Kevin Bergenser | ||
| Owner (67%) | INDIGO SHIPPING A/S | ||
| Owner (10%) | ROMCO INVEST ApS | ||
| Owner (5%) | Alexander Sillehoved | ||
| Owner (50%) | INDIGO SHIPPING A/S | ||
| Owner (10%) | NI´ER HOLDING ApS | ||
| Owner (50%) | XO Holding af 2017 ApS | ||
| Owner (10%) | Vig Lyng Holding ApS | ||
| Owner (33%) | XO Holding af 2017 ApS | ||
| Owner (10%) | Holdingselskabet MKH ApS | ||
| Owner (20%) | Vig Lyng Holding ApS | ||
| Owner (33%) | INDIGO SHIPPING A/S | ||
| Owner (20%) | NI´ER HOLDING ApS | ||
| Owner (5%) | InVesth ApS | ||
| Owner (10%) | InVesth ApS | ||
| Owner (15%) | NI´ER HOLDING ApS | ||
| Owner (15%) | Vig Lyng Holding ApS | ||
| Owner (5%) | Mikkel Rabjerg | ||
| Owner (15%) | XO SHIPPING A/S | ||
| Owner (15%) | Mikkel Rabjerg | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Founder | INDIGO SHIPPING A/S | Current |
The CEOs' other companies
Sinan Utlu – 2 other companies
- UTS Corporation ApS Active
- XPower Trading A/S Active
Rico Romme Nielsen – 1 other companies
- ROMCO INVEST ApS Active
Kim Holberg Pihl – 8 other companies, of which 1 bankrupt
- BANTOU SHIPPING ApS Bankrupt 10 Feb 2015
- ATLAS INVEST HOLDING A/S Opløst
- ATLAS X HOLDING A/S Opløst
- Alloy Invest ApS Active
- INDIGO SHIPPING A/S Active
- NI´ER HOLDING ApS Active
- XO Holding af 2017 ApS Opløst
- XPower Trading A/S Active
Alexander Sillehoved – 3 other companies, of which 1 bankrupt
- House of Mollex IVS Bankrupt 24 Nov 2017
- Aries Bulk A/S Active
- Vig Lyng Holding ApS Active
Address history (2 moves)
| Tuborg Havnevej 18, st., 2900 Hellerup | |
| Strandvejen 56, st., 2900 Hellerup | |
| Strandvejen 163, 1. th, 2900 Hellerup |
Employees per year
Other companies at the same address
- AMIRAL HOLDINGS A/S Bankrupt
- CING STARS ApS Bankrupt
- DEPA EUROPE GROUP ApS Bankrupt
- DS 1516 ApS Bankrupt
- ESV A/S Bankrupt
- GLOBAL OIL SECURITY ApS Bankrupt
- GREAT DANE INTERNATIONAL ApS Bankrupt
- HANDYBULK INVEST ApS Bankrupt
- ID SHIPPING A/S Bankrupt
- INVESTERINGSGRUPPEN DANMARK A/S Bankrupt
- NPC Projects A/S Bankrupt
- SCSK 6313 ApS Bankrupt
- SPS HOLDING A/S Bankrupt
- AKTIESELSKABET AF 1. MARTS 2003 Opløst
- AMALIEGADE 22 A/S Opløst
- ASX NR. 13.120 ApS Opløst
- ATLANTIC INVEST A/S Active
- Acount Technologies ApS Active
- Atlantic Invest Holding ApS Active
- Atlantic Invest NewCo ApS Fusioneret
- Atlantic Invest PE ApS Active
- B-SHIPPING ApS Fusioneret
- B-SHIPPING ApS Fusioneret
- BIANCO REDERI ApS Fusioneret
- BICO 2018 ApS Opløst
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Questions and answers about XO SHIPPING A/S
Has XO SHIPPING A/S gone bankrupt?
No, XO SHIPPING A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of XO SHIPPING A/S?
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 XO SHIPPING A/S?
Sinan Utlu is the CEO of XO SHIPPING A/S.
Who is the auditor of XO SHIPPING A/S?
XO SHIPPING A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was XO SHIPPING A/S founded?
XO SHIPPING A/S was founded on 19 August 2010.
What is the equity of XO SHIPPING A/S?
Equity was DKK 34.0m 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.