TITAN WIND ENERGY (EUROPE) A/S

CVR 34586640 · Public limited company (A/S) · Active · Medium risk

TITAN WIND ENERGY (EUROPE) A/S is a Public limited company (A/S), founded on , based in Varde. The company is registered in the industry ikke-finansielle hovedsæders aktiviteter. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 14 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 -148.1m and a net result of DKK -58.0m.

Bankruptcy risk for TITAN WIND ENERGY (EUROPE) A/S

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
34586640
Status
Active
Company type
Public limited company (A/S)
Founded
(14 years)
Address
Engdraget 20
6800 Varde
Municipality
Varde
Industry
Ikke-finansielle hovedsæders aktiviteter (701010)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 60.5m
Employees
47 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 14
Missing annual reportNo
Negative equityYes
Equity ratio-70.4%
Current ratio251%
Moves (last 2 years)0
CEO changes in total7
CEO's previous bankruptcies0
Other companies at the address11
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -1.8mDKK -3.8mDKK 926k
Net profitDKK -58.0mDKK -25.9mDKK 10.3m
EquityDKK -148.1mDKK -87.8mDKK -61.9m
Total assetsDKK 210.4mDKK 193.4mDKK 214.4m
CashDKK 2.2mDKK 2.3m–
Short-term debtDKK 59.0mDKK 64.9m–
Tax owedDKK 0DKK 0–
Avg. employees03–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025138
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023204 Late
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021179
1 Jan 2020 – 31 Dec 2020116
1 Jan 2019 – 31 Dec 2019105
1 Jan 2018 – 31 Dec 201844
1 Jan 2017 – 31 Dec 201786
1 Jan 2016 – 31 Dec 2016137
1 Jan 2015 – 31 Dec 201576
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013112
18 May 2012 – 31 Dec 201250

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
CEOKuang Chao Lee
CEOKeld Thomsen
CEOLili Li
CEOHeiko Mützelburg
BoardJunxu YanCurrent
BoardYuan LiuCurrent
BoardGuoyan LiuCurrent
BoardTao Gong
BoardKuang Chao Lee
BoardMichael Buus Nielsen
BoardLiu Mingsheng
BoardLili Li
BoardHeiko Mützelburg
Owner (100%)Titan Wind Energy Singapore PTE LtdCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorROESGAARD A/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorDANSK REVISION ESBJERG GODKENDT REVISIONSAKTIESELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderTitan Wind Energy (Singapore) Pte. Ltd.Current

The CEOs' other companies

Keld Thomsen – 3 other companies

Address history (1 moves)

Engdraget 20, 6800 Varde
c/o Bech-Bruun, Langelinie Allé 35, 2100 København Ø

Employees per year

Number of employees at TITAN WIND ENERGY (EUROPE) A/S per year951892012: 4720122013: 16020132014: 15220142015: 18020152016: 18920162017: 16820172018: 472018

Other companies at the same address

Similar companies in Varde

Questions and answers about TITAN WIND ENERGY (EUROPE) A/S

Has TITAN WIND ENERGY (EUROPE) A/S gone bankrupt?

No, TITAN WIND ENERGY (EUROPE) A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TITAN WIND ENERGY (EUROPE) A/S?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the auditor of TITAN WIND ENERGY (EUROPE) A/S?

TITAN WIND ENERGY (EUROPE) A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was TITAN WIND ENERGY (EUROPE) A/S founded?

TITAN WIND ENERGY (EUROPE) A/S was founded on 18 May 2012.

What is the equity of TITAN WIND ENERGY (EUROPE) A/S?

Equity was DKK -148.1m 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.