Hav Line Processing A/S

CVR 38748351 · Public limited company (A/S) · Active · High risk

Hav Line Processing A/S is a Public limited company (A/S), founded on , based in Hirtshals. The company is registered in the industry forarbejdning og konservering af fisk, krebsdyr og bløddyr, undtagen fiskemel. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 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 -43.4m and a net result of DKK -18.3m. CEO: Frode Blakstad.

Bankruptcy risk for Hav Line Processing A/S

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Has a boardYes · bankruptcy rate 6.0%0.68×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
38748351
Status
Active
Company type
Public limited company (A/S)
Founded
(9 years)
Address
Industrikajen 7
9850 Hirtshals
Municipality
Hjørring
Industry
Forarbejdning og konservering af fisk, krebsdyr og bløddyr, undtagen fiskemel (102020)
Bankruptcies in the industry: Havfiskeri
Share capital
DKK 500k
Employees
0 (2018)
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-105.8%
Current ratio14%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 4.1mDKK 32.4mDKK 5.2m
Net profitDKK -18.3mDKK 3.3mDKK -16.9m
EquityDKK -43.4mDKK -25.1mDKK -28.4m
Total assetsDKK 41.0mDKK 49.2mDKK 60.2m
CashDKK 150kDKK 473k–
Short-term debtDKK 21.0mDKK 70.9m–
Avg. employees3338–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · KPMG.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024191 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021144
1 Jan 2020 – 31 Dec 2020160
1 Jan 2019 – 31 Dec 2019170
1 Jan 2018 – 31 Dec 2018171
28 Jun 2017 – 31 Dec 2017152

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
CEOFrode BlakstadCurrent
CEOKristian Haugland
CEOCarl-Erik Arnesen
BoardBård SekkingstadCurrent
BoardHans Olav LindalCurrent
BoardFrode BlakstadCurrent
BoardKristian Haugland
BoardKjell Haugland
BoardCarl-Erik Arnesen
BoardEirik Rosenberg
Owner (100%)Hav Line Gruppen ASCurrent
AuditorKPMG P/SCurrent
FounderHav Line Gruppen ASCurrent

Address history (2 moves)

Industrikajen 7, 9850 Hirtshals
Blomsterbakken 2A, 9380 Vestbjerg
Herluf Trollesvej 14, 9850 Hirtshals

Employees per year

Number of employees at Hav Line Processing A/S per year112018: 02018

Other companies at the same address

Similar companies in Hjørring

Questions and answers about Hav Line Processing A/S

Has Hav Line Processing A/S gone bankrupt?

No, Hav Line Processing A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Hav Line Processing A/S?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Hav Line Processing A/S?

Frode Blakstad is the CEO of Hav Line Processing A/S.

Who is the auditor of Hav Line Processing A/S?

Hav Line Processing A/S most recently used KPMG P/S.

When was Hav Line Processing A/S founded?

Hav Line Processing A/S was founded on 28 June 2017.

What is the equity of Hav Line Processing A/S?

Equity was DKK -43.4m 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.