HVOLGAARD ApS

CVR 34729689 · Private limited company (ApS) · Active · Low risk

HVOLGAARD ApS is a Private limited company (ApS), founded on , based in Næstved. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 13 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 3.7m and a net result of DKK 712k. CEO: Michael Hvolgaard Andersen.

Bankruptcy risk for HVOLGAARD ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

No significant risk factors.

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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · 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
34729689
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Houmannsvej 6
4700 Næstved
Municipality
Næstved
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 80k
Auditor
Din Revisor Frederiksberg P/S Godkendte Revisorer
Audit opted out
No

Warning signs

Annual reports filed late3 of 13
Missing annual reportNo
Negative equityNo
Equity ratio85.1%
Current ratio163%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 113kDKK 16kDKK 89k
Net profitDKK 712kDKK -31kDKK 166k
EquityDKK 3.7mDKK 3.1mDKK 3.3m
Total assetsDKK 4.3mDKK 4.8mDKK 4.7m
CashDKK 741kDKK 1.6m–
Short-term debtDKK 649kDKK 1.7m–
Tax owedDKK 0DKK 172k–
Avg. employees10–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · Din Revisor Frederiksber.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025179
1 Jan 2024 – 31 Dec 2024139
1 Jan 2023 – 31 Dec 2023192 Late
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020189 Late
1 Jan 2019 – 31 Dec 2019114
1 Jan 2018 – 31 Dec 2018182
1 Jan 2017 – 31 Dec 2017178
1 Jan 2016 – 31 Dec 2016172
1 Jan 2015 – 31 Dec 2015182
1 Jan 2014 – 31 Dec 2014187 Late
1 Nov 2012 – 31 Dec 2013181

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
CEOMichael Hvolgaard AndersenCurrent
Owner (100%)Michael Hvolgaard AndersenCurrent
AuditorDin Revisor Frederiksberg P/S Godkendte RevisorerCurrent
AuditorADDEA Tax ApS
FounderMichael Hvolgaard AndersenCurrent

The CEOs' other companies

Michael Hvolgaard Andersen – 8 other companies, of which 1 bankrupt

Address history (1 moves)

Houmannsvej 6, 4700 Næstved
Skelmosen 1, 2670 Greve

Former names

HVOLGAARD ApS – now
MHA INVEST ApS –

Other companies at the same address

Similar companies in Næstved

Questions and answers about HVOLGAARD ApS

Has HVOLGAARD ApS gone bankrupt?

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

What is the bankruptcy risk of HVOLGAARD ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of HVOLGAARD ApS?

Michael Hvolgaard Andersen is the CEO of HVOLGAARD ApS.

Who is the auditor of HVOLGAARD ApS?

HVOLGAARD ApS most recently used Din Revisor Frederiksberg P/S Godkendte Revisorer.

When was HVOLGAARD ApS founded?

HVOLGAARD ApS was founded on 1 November 2012.

What is the equity of HVOLGAARD ApS?

Equity was DKK 3.7m 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.