BioCirc Ringsted Biogas ApS

CVR 38788639 · Private limited company (ApS) · Active · Low risk

BioCirc Ringsted Biogas ApS is a Private limited company (ApS), founded on , based in Ringsted. The company is registered in the industry produktion af gas. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -7.6m and a net result of DKK -5.7m. CEO: Massimo Forti, Carsten Lunde.

Bankruptcy risk for BioCirc Ringsted Biogas ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Capital changes2 · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
38788639
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Mulstrup Møllevej 10
4100 Ringsted
Municipality
Ringsted
Industry
Produktion af gas (352100)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 4.5m
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-7.6%
Current ratio50%
Moves (last 2 years)0
CEO changes in total9
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.1mDKK -5.2mDKK 1.7m
Net profitDKK -5.7mDKK -9.9mDKK -5.5m
EquityDKK -7.6mDKK -1.9mDKK 8.1m
Total assetsDKK 99.7mDKK 90.8mDKK 101.0m
Cash–DKK 0–
Short-term debtDKK 45.5mDKK 25.3m–
Avg. employees10–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · 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 Oct 2022 – 31 Dec 2023187 Late
1 Oct 2021 – 30 Sep 202284
1 Oct 2020 – 30 Sep 202177
1 Oct 2019 – 30 Sep 202076
1 Oct 2018 – 30 Sep 2019150
1 Oct 2017 – 30 Sep 2018179
30 Jun 2017 – 30 Sep 2017156

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
CEOCarsten LundeCurrent
CEOMichael Dejløw Mølgaard
CEOJeppe Christian Klug Madsen
CEOKenneth Sørensen
CEOLars Olsen
BoardPeter Kjær Knudsen
BoardKim Lyng Kjær Knudsen
BoardMichael Dejløw Mølgaard
Owner (100%)BioCirc Ringsted Go Green ApSCurrent
Owner (20%)DIPLOM TINGERUP ApS
Owner (33%)Allindemaglegård Holding ApS
Owner (33%)Holdingselskabet MDM ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorDLBR REVISION, GODKENDT REVISIONSANPARTSSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDLBR REVISION, GODKENDT REVISIONSANPARTSSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderDIPLOM TINGERUP ApSCurrent

The CEOs' other companies

Massimo Forti – 22 other companies

Michael Dejløw Mølgaard – 5 other companies

Jeppe Christian Klug Madsen – 16 other companies

Kenneth Sørensen – 23 other companies, of which 2 bankrupt

Lars Olsen – 1 other companies

Address history (3 moves)

Mulstrup Møllevej 10, 4100 Ringsted
c/o Michael Mølgaard, Mulstrup Møllevej 10, 4100 Ringsted
c/o Michael Mølgaard, Tolstrupvej 13, 4100 Ringsted
c/o Diplom Tingerup ApS, Tølløsevej 53, 4330 Hvalsø

Former names

BioCirc Ringsted Biogas ApS – now
Ringsted Biogas ApS –

Other companies at the same address

Questions and answers about BioCirc Ringsted Biogas ApS

Has BioCirc Ringsted Biogas ApS gone bankrupt?

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

What is the bankruptcy risk of BioCirc Ringsted Biogas ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of BioCirc Ringsted Biogas ApS?

Massimo Forti, Carsten Lunde are the CEOs of BioCirc Ringsted Biogas ApS.

Who is the auditor of BioCirc Ringsted Biogas ApS?

BioCirc Ringsted Biogas ApS most recently used EY Godkendt Revisionspartnerselskab.

When was BioCirc Ringsted Biogas ApS founded?

BioCirc Ringsted Biogas ApS was founded on 30 June 2017.

What is the equity of BioCirc Ringsted Biogas ApS?

Equity was DKK -7.6m 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.