H2O SPORTSWEAR A/S

CVR 34687641 · Public limited company (A/S) · Active · Low risk

H2O SPORTSWEAR A/S is a Public limited company (A/S), founded on , based in Aarhus C. The company is registered in the industry engroshandel med beklædning. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 13 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 8.2m and a net result of DKK -1.1m. CEO: Mikkel Schmidt Christensen, Christian Trads Hansen.

Bankruptcy risk for H2O SPORTSWEAR A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Loss for the yearYes · bankruptcy rate 10.3%1.2×
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

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · 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
34687641
Status
Active
Company type
Public limited company (A/S)
Founded
(14 years)
Address
Balticagade 10, 2.
8000 Aarhus C
Municipality
Aarhus
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 2.5m
Employees
7 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 13
Missing annual reportNo
Negative equityNo
Equity ratio41.9%
Current ratio165%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address28
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 4.6mDKK 7.0mDKK 9.3m
Net profitDKK -1.1mDKK 1.0mDKK 1.4m
EquityDKK 8.2mDKK 12.5mDKK 14.0m
Total assetsDKK 19.5mDKK 19.1mDKK 18.6m
CashDKK 565kDKK 194k–
Short-term debtDKK 11.3mDKK 6.5m–
Tax owedDKK 0DKK 340k–
Avg. employees88–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025104
1 Jan 2024 – 31 Dec 2024104
1 Jan 2023 – 31 Dec 2023115
1 Jan 2022 – 31 Dec 2022102
1 Jan 2021 – 31 Dec 202168
1 Jan 2020 – 31 Dec 2020109
1 Jan 2019 – 31 Dec 2019118
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017100
1 Jan 2016 – 31 Dec 201682
1 Jan 2015 – 31 Dec 201598
1 Jan 2014 – 31 Dec 2014112
16 Aug 2012 – 31 Dec 2013120

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
CEOMikkel Schmidt ChristensenCurrent
CEOChristian Trads HansenCurrent
CEOTorben Hartvigsen
BoardTorben HartvigsenCurrent
BoardSisse Droob KnudsenCurrent
BoardKristian Tanderup KristensenCurrent
BoardJan Snogdal
BoardDennis Vad Lauridsen
BoardDennis Vad Lauridsen
Owner (10%)C. TRADS HOLDING ApSCurrent
Owner (10%)ANGU HOLDING ApSCurrent
Owner (67%)H2O SPORTSWEAR HOLDING ApSCurrent
Owner (33%)HARTCON HOLDING ApS
Owner (10%)NOCH2O ApS
Owner (33%)AQUA2 HOLDING ApS
Owner (67%)H2O SPORTSWEAR HOLDING ApS
Owner (33%)HARTCON HOLDING ApS
Owner (33%)AQUA2 HOLDING ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorROESGAARD A/S
FounderNOCH2O ApSCurrent

The CEOs' other companies

Mikkel Schmidt Christensen – 3 other companies

Christian Trads Hansen – 5 other companies, of which 1 bankrupt

Torben Hartvigsen – 56 other companies, of which 3 bankrupt

Address history (1 moves)

Balticagade 10, 2., 8000 Aarhus C
Balticagade 7, 8000 Aarhus C

Employees per year

Number of employees at H2O SPORTSWEAR A/S per year472012: 320122013: 320132014: 520142015: 420152016: 620162017: 620172018: 72018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about H2O SPORTSWEAR A/S

Has H2O SPORTSWEAR A/S gone bankrupt?

No, H2O SPORTSWEAR A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of H2O SPORTSWEAR A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of H2O SPORTSWEAR A/S?

Mikkel Schmidt Christensen, Christian Trads Hansen are the CEOs of H2O SPORTSWEAR A/S.

Who is the auditor of H2O SPORTSWEAR A/S?

H2O SPORTSWEAR A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was H2O SPORTSWEAR A/S founded?

H2O SPORTSWEAR A/S was founded on 16 August 2012.

What is the equity of H2O SPORTSWEAR A/S?

Equity was DKK 8.2m 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.