GERMAN PELLETS DENMARK ApS

CVR 33267622 · Private limited company (ApS) · Active · Low risk

GERMAN PELLETS DENMARK ApS is a Private limited company (ApS), founded on , based in Vejle. The company is registered in the industry anden specialiseret engroshandel i.a.n.. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 15 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 941k and a net result of DKK 10.6m. CEO: Matthias Vette.

Bankruptcy risk for GERMAN PELLETS DENMARK ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
33267622
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Sdr. Tværkaj 3
7100 Vejle
Municipality
Vejle
Industry
Anden specialiseret engroshandel i.a.n. (468900)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 80k
Employees
1 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 15
Missing annual reportNo
Negative equityNo
Equity ratio58.5%
Current ratio241%
Moves (last 2 years)1
CEO changes in total10
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 11.2mDKK -1.2mDKK -6.9m
Net profitDKK 10.6mDKK -1.8mDKK -7.7m
EquityDKK 941kDKK -9.7mDKK -7.8m
Total assetsDKK 1.6mDKK 1.2mDKK 4.6m
CashDKK 841kDKK 716k–
Short-term debtDKK 667kDKK 10.8m–
Avg. employees01–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022167
1 Jan 2021 – 31 Dec 2021195 Late
1 Jan 2020 – 31 Dec 2020201 Late
1 Jan 2019 – 31 Dec 2019216 Late
1 Jan 2018 – 31 Dec 2018177
1 Jan 2017 – 31 Dec 2017190 Late
1 Jan 2016 – 31 Dec 2016181
1 Jan 2015 – 31 Dec 2015160
1 Jan 2014 – 31 Dec 2014168
1 Jan 2013 – 31 Dec 2013162
1 Jan 2012 – 31 Dec 2012157
17 Nov 2010 – 31 Dec 2011169

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
CEOMatthias VetteCurrent
CEOGert Nørgaard Kristensen
CEOJørgen Emanuel Nielsen
CEOPhilipp Hübler
CEOMichael Hessing
CEOFranziska Uhlig-May
BoardUwe JägerCurrent
BoardMatthias VetteCurrent
BoardGert Nørgaard Kristensen
BoardJørgen Emanuel Nielsen
BoardBo Visti Kristoffersen
BoardPeter Horst Leibold
BoardSteffen Hildebrandt
BoardPhilipp Hübler
BoardMichael Hessing
BoardMichael Hessing
BoardFranziska Uhlig-May
Owner (100%)LEAG Pellets GmbHCurrent
Owner (10%)Jørgen Emanuel Nielsen
Owner (90%)LEAG Pellets GmbH
Owner (90%)LEAG Pellets GmbH
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderGert Nørgaard KristensenCurrent
FounderJørgen Emanuel NielsenCurrent
FounderSB&K HOLDING A/SCurrent
FounderPeter Horst LeiboldCurrent

The CEOs' other companies

Gert Nørgaard Kristensen – 4 other companies

Jørgen Emanuel Nielsen – 1 other companies

Address history (4 moves)

Sdr. Tværkaj 3, 7100 Vejle
Sdr. Tværkaj 3, 7100 Vejle
Bakkedraget 7, 8990 Fårup
Klamsagervej 35, 1., 8230 Åbyhøj
Hestlundvej 2, 7323 Give

Employees per year

Number of employees at GERMAN PELLETS DENMARK ApS per year122012: 120122013: 120132014: 220142015: 220152016: 120162017: 120172018: 12018

Similar companies in Vejle

Questions and answers about GERMAN PELLETS DENMARK ApS

Has GERMAN PELLETS DENMARK ApS gone bankrupt?

No, GERMAN PELLETS DENMARK ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of GERMAN PELLETS DENMARK ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of GERMAN PELLETS DENMARK ApS?

Matthias Vette is the CEO of GERMAN PELLETS DENMARK ApS.

Who is the auditor of GERMAN PELLETS DENMARK ApS?

GERMAN PELLETS DENMARK ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was GERMAN PELLETS DENMARK ApS founded?

GERMAN PELLETS DENMARK ApS was founded on 17 November 2010.

What is the equity of GERMAN PELLETS DENMARK ApS?

Equity was DKK 941k 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.