KVERNELAND GROUP KERTEMINDE A/S

CVR 35152113 · Public limited company (A/S) · Active · Low risk

KVERNELAND GROUP KERTEMINDE A/S is a Public limited company (A/S), founded on , based in Kerteminde. The company is registered in the industry fremstilling af landbrugs- og skovbrugsmaskiner. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 231.0m and a net result of DKK -25.7m.

Bankruptcy risk for KVERNELAND GROUP KERTEMINDE A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
35152113
Status
Active
Company type
Public limited company (A/S)
Founded
(59 years)
Address
Tårupstrandvej 25
5300 Kerteminde
Municipality
Kerteminde
Industry
Fremstilling af landbrugs- og skovbrugsmaskiner (283000)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 50.0m
Employees
421 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late7 of 31
Missing annual reportNo
Negative equityNo
Equity ratio51.5%
Current ratio164%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 656.0mDKK 686.5mDKK 996.8m
Gross profitDKK 23.4mDKK 36.8mDKK 68.8m
Net profitDKK -25.7mDKK -20.0mDKK 15.7m
EquityDKK 231.0mDKK 256.7mDKK 276.7m
Total assetsDKK 448.3mDKK 540.2mDKK 580.3m
Short-term debtDKK 202.6mDKK 265.8m–
Avg. employees380399–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025187 Late
1 Jan 2024 – 31 Dec 2024150
1 Jan 2023 – 31 Dec 2023193 Late
1 Jan 2022 – 31 Dec 2022192 Late
1 Jan 2021 – 31 Dec 2021190 Late
1 Jan 2020 – 31 Dec 2020193 Late
1 Jan 2019 – 31 Dec 2019258 Late
1 Jan 2018 – 31 Dec 2018162
1 Jan 2017 – 31 Dec 2017163
1 Jan 2016 – 31 Dec 2016165
1 Jan 2015 – 31 Dec 2015146
1 Jan 2014 – 31 Dec 2014154
1 Jan 2013 – 31 Dec 2013155
1 Jan 2012 – 31 Dec 2012146
1 Jan 2011 – 31 Dec 201172
1 Jan 2010 – 31 Dec 2010125
1 Jan 2009 – 31 Dec 2009178
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007168
1 Jan 2006 – 31 Dec 2006164

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
CEOMogens Petersen
CEOOle Birger Nielsen
CEOPoul Johan Steeskov
CEOBørge Larsen
CEOFrode Underhaug
BoardNils RasmussenCurrent
BoardSimon Lykkegaard HansenCurrent
BoardGitte Maribo NielsenCurrent
BoardJan Weber PedersenCurrent
BoardClaus Udengaard ThomsenCurrent
BoardTorben Leif Pedersen
BoardHans Laurids Fischer Boel
BoardBjarne Jørgensen
BoardAxel Lejrskov
BoardLars Frederik Christensen
BoardBendt Oluf Rørsted
BoardJørgen Johannes Lund
BoardPoul Johan Steeskov
BoardPoul Jørgen Jensen
BoardEric Søe Rylberg
BoardAnna Jørgensen
BoardBenny Lammert Pieszak
BoardBenny Lammert Pieszak
BoardPeder Christian Andersen
BoardSvend Thejsen
BoardConny Ingelise Melgaard
BoardNils Frode Underhaug
BoardClaus Frank Hansen
BoardNiels Stokholm Kristiansen
BoardHenrik Loos Nielsen
BoardAudun Berg
BoardAudun Berg
BoardKnut Tore Bostad
BoardOlav Hørsdal
BoardOddvar Fiskeseth
BoardTimothy John Tindle
BoardAtle Eide
BoardPierre Yves Marie Faguer
BoardSverre Kjenne
BoardSverre Kjenne
BoardLasse Godsk Skovdal
BoardWillem de Putter
BoardJan Weber Pedersen
BoardRasmus Nordbø
BoardNiels Erik Bak Andersen
BoardHendrik Hermanus van Sonsbeek
BoardLasse Godsk Skovdal
BoardJørgen Christian Jørgensen
BoardJens Kristian Rein
BoardClaus Udengaard Thomsen
BoardFriedrich Pehle
BoardIb Nygaard Nielsen
BoardRameesh Thirugnanasambanther
BoardUlrik Wolf Andersen
BoardFrank Loos Brønk
BoardTrine Jacobsen
BoardJan Weber Pedersen
BoardMaris Talv-Laugen
BoardLeif Nielsen
Owner (100%)KVERNELAND GROUP HOLDING (DK) A/SCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorKnud Erik Rasmussen
AuditorERNST & YOUNG DENMARK P/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorEY Godkendt Revisionspartnerselskab
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB

The CEOs' other companies

Mogens Petersen – 37 other companies, of which 3 bankrupt

Ole Birger Nielsen – 9 other companies, of which 2 bankrupt

Poul Johan Steeskov – 12 other companies, of which 2 bankrupt

Børge Larsen – 4 other companies, of which 1 bankrupt

Address history (2 moves)

Tårupstrandvej 25, 5300 Kerteminde
Tårupstrandvej 25, 5300 Kerteminde
Tårupstrandvej, 5300 Kerteminde

Former names

KVERNELAND GROUP KERTEMINDE A/S – now
KVERNELAND KERTEMINDE A/S –
KVERNELAND TAARUP A/S –
MASKINFABRIKEN TAARUP A/S, KERTEMINDE –

Employees per year

Number of employees at KVERNELAND GROUP KERTEMINDE A/S per year2144272011: 35920112012: 32220122013: 34520132014: 40320142015: 34120152016: 32020162017: 42720172018: 4212018

Other companies at the same address

Similar companies in Kerteminde

Questions and answers about KVERNELAND GROUP KERTEMINDE A/S

Has KVERNELAND GROUP KERTEMINDE A/S gone bankrupt?

No, KVERNELAND GROUP KERTEMINDE A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KVERNELAND GROUP KERTEMINDE A/S?

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

Who is the auditor of KVERNELAND GROUP KERTEMINDE A/S?

KVERNELAND GROUP KERTEMINDE A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was KVERNELAND GROUP KERTEMINDE A/S founded?

KVERNELAND GROUP KERTEMINDE A/S was founded on 22 June 1967.

What is the equity of KVERNELAND GROUP KERTEMINDE A/S?

Equity was DKK 231.0m 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.