BioCirc Iglsø Biogas ApS

CVR 38130404 · Private limited company (ApS) · Active · Low risk

BioCirc Iglsø Biogas ApS is a Private limited company (ApS), founded on , based in Stoholm Jyll. The company is registered in the industry produktion af gas. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 9 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 26.4m and a net result of DKK 2.7m. CEO: Massimo Forti, Ditlev Gjedsig Høgh.

Bankruptcy risk for BioCirc Iglsø Biogas ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
38130404
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Ø. Børstingvej 6B
7850 Stoholm Jyll
Municipality
Viborg
Industry
Produktion af gas (352100)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 1.1m
Employees
18 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityNo
Equity ratio20.3%
Current ratio205%
Moves (last 2 years)0
CEO changes in total9
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 7.6mDKK 13.7m
Net profitDKK 2.7mDKK 3.5m
EquityDKK 26.4mDKK 23.7m
Total assetsDKK 129.9mDKK 124.8m
CashDKK 0–
Short-term debtDKK 27.8m–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022189 Late
1 Jan 2021 – 31 Dec 202196
1 Jan 2020 – 31 Dec 202061
1 Jan 2019 – 31 Dec 201973
1 Jan 2018 – 31 Dec 2018142
24 Oct 2016 – 31 Dec 2017149

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
CEOMassimo FortiCurrent
CEODitlev Gjedsig HøghCurrent
CEOFlemming Kristian Nielsen
CEOKim Nielsen
CEOJeppe Christian Klug Madsen
CEOKenneth Sørensen
CEOJeppe Christian Klug Madsen
BoardLasse Buhl Jørgensen
BoardErik Kuhr Sørensen
BoardKim Nielsen
BoardHans Bak Ibsen
BoardJens Bak Ibsen
BoardJens Bigum
BoardKim Nielsen
BoardKenneth Sørensen
BoardJeppe Christian Klug Madsen
Owner (90%)Iglsø Agro ApSCurrent
Owner (100%)Iglsø Agro ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorTJEK Revision & Rådgivning Godkendt Revisionsaktieselskab
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderIglsø Agro ApSCurrent

The CEOs' other companies

Massimo Forti – 22 other companies

Ditlev Gjedsig Høgh – 11 other companies

Flemming Kristian Nielsen – 1 other companies

Kim Nielsen – 14 other companies

Jeppe Christian Klug Madsen – 16 other companies

Kenneth Sørensen – 23 other companies, of which 2 bankrupt

Address history (1 moves)

Ø. Børstingvej 6B, 7850 Stoholm Jyll
Ø. Børstingvej 6, 7850 Stoholm Jyll

Former names

BioCirc Iglsø Biogas ApS – now
Iglsø Biogas A/S –
Iglsø Agro og Biogas A/S –

Employees per year

Number of employees at BioCirc Iglsø Biogas ApS per year9182016: 1020162017: 1120172018: 182018

Other companies at the same address

Similar companies in Viborg

Questions and answers about BioCirc Iglsø Biogas ApS

Has BioCirc Iglsø Biogas ApS gone bankrupt?

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

What is the bankruptcy risk of BioCirc Iglsø Biogas ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of BioCirc Iglsø Biogas ApS?

Massimo Forti, Ditlev Gjedsig Høgh are the CEOs of BioCirc Iglsø Biogas ApS.

Who is the auditor of BioCirc Iglsø Biogas ApS?

BioCirc Iglsø Biogas ApS most recently used EY Godkendt Revisionspartnerselskab.

When was BioCirc Iglsø Biogas ApS founded?

BioCirc Iglsø Biogas ApS was founded on 24 October 2016.

What is the equity of BioCirc Iglsø Biogas ApS?

Equity was DKK 26.4m 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.