Titan Heating ApS

CVR 37439967 · Private limited company (ApS) · Active · Low risk

Titan Heating ApS is a Private limited company (ApS), founded on , based in Hobro. The company is registered in the industry detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n.. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 10 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 153k and a net result of DKK 38k. CEO: Zander Rune Hyltoft.

Bankruptcy risk for Titan Heating ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×

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
37439967
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Adelgade 67G
9500 Hobro
Municipality
Mariagerfjord
Industry
Detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n. (475590)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityNo
Equity ratio55.7%
Current ratio260%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 49kDKK 24k–
Net profitDKK 38kDKK 16kDKK 7,797
EquityDKK 153kDKK 115kDKK 98k
Total assetsDKK 274kDKK 236kDKK 210k
CashDKK 242kDKK 198k–
Short-term debtDKK 106kDKK 114k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025167
1 Jan 2024 – 31 Dec 2024146
1 Jan 2023 – 31 Dec 2023203 Late
1 Jan 2022 – 31 Dec 2022136
1 Jan 2021 – 31 Dec 2021144
1 Jan 2020 – 31 Dec 2020148
1 Jan 2019 – 31 Dec 2019150
1 Jan 2018 – 31 Dec 2018122
1 Jan 2017 – 31 Dec 2017152
1 Feb 2016 – 31 Dec 2016120

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
CEOZander Rune HyltoftCurrent
BoardTais Max HyltoftCurrent
BoardKatrine Julie HyltoftCurrent
BoardZander Rune Hyltoft
BoardKatrine Julie Hyltoft
BoardTais Max Hyltoft
Owner (100%)Tais Max HyltoftCurrent
Owner (50%)Zander Rune Hyltoft
FounderTais Max HyltoftCurrent

The CEOs' other companies

Zander Rune Hyltoft – 1 other companies

Address history (1 moves)

Adelgade 67G, 9500 Hobro
Borgergade 6, 1. tv, 9000 Aalborg

Former names

Titan Heating ApS – now
Titan Heating IVS –
Tilan Energy IVS –

Other companies at the same address

Similar companies in Mariagerfjord

Questions and answers about Titan Heating ApS

Has Titan Heating ApS gone bankrupt?

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

What is the bankruptcy risk of Titan Heating ApS?

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

Who is the CEO of Titan Heating ApS?

Zander Rune Hyltoft is the CEO of Titan Heating ApS.

When was Titan Heating ApS founded?

Titan Heating ApS was founded on 1 February 2016.

What is the equity of Titan Heating ApS?

Equity was DKK 153k 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.