Titan Wind Operational Support Europe ApS

CVR 38441337 · Private limited company (ApS) · Active · Low risk

Titan Wind Operational Support Europe ApS is a Private limited company (ApS), founded on , based in Varde. The company is registered in the industry fremstilling af metalkonstruktioner og dele heraf. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 9 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 -9.4m and a net result of DKK -12.6m.

Bankruptcy risk for Titan Wind Operational Support Europe ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · 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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×

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
38441337
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Engdraget 20
6800 Varde
Municipality
Varde
Industry
Fremstilling af metalkonstruktioner og dele heraf (251100)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 50k
Employees
8 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-38.2%
Current ratio72%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address11
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 12.9mDKK 21.8mDKK 12.1m
Net profitDKK -12.6mDKK 952kDKK 149k
EquityDKK -9.4mDKK 3.2mDKK 2.2m
Total assetsDKK 24.5mDKK 68.2mDKK 17.5m
CashDKK 862kDKK 4.7m–
Short-term debtDKK 33.9mDKK 65.0m–
Avg. employees3631–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202597
1 Jan 2024 – 31 Dec 2024163
1 Jan 2023 – 31 Dec 2023192 Late
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021173
1 Jan 2020 – 31 Dec 2020116
1 Jan 2019 – 31 Dec 2019105
1 Jan 2018 – 31 Dec 201844
10 Feb 2017 – 31 Dec 201772

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 Buus Nielsen
Owner (100%)TITAN WIND ENERGY (EUROPE) A/SCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorDANSK REVISION ESBJERG GODKENDT REVISIONSAKTIESELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderTITAN WIND ENERGY (EUROPE) A/SCurrent

The CEOs' other companies

Michael Buus Nielsen – 3 other companies

Address history (0 moves)

Engdraget 20, 6800 Varde

Employees per year

Number of employees at Titan Wind Operational Support Europe ApS per year482018: 82018

Other companies at the same address

Similar companies in Varde

Questions and answers about Titan Wind Operational Support Europe ApS

Has Titan Wind Operational Support Europe ApS gone bankrupt?

No, Titan Wind Operational Support Europe ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Titan Wind Operational Support Europe ApS?

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

Who is the auditor of Titan Wind Operational Support Europe ApS?

Titan Wind Operational Support Europe ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Titan Wind Operational Support Europe ApS founded?

Titan Wind Operational Support Europe ApS was founded on 10 February 2017.

What is the equity of Titan Wind Operational Support Europe ApS?

Equity was DKK -9.4m 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.