Polar VVS & EL ApS

CVR 38803697 · Private limited company (ApS) · Active · Medium risk

Polar VVS & EL ApS is a Private limited company (ApS), founded on , based in Rødovre. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. Our model estimates a bankruptcy risk of 1.9% over the next 12 months, which is 1.3 times the average for Danish companies. 8 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -1.3m and a net result of DKK -182k. CEO: Kamal Azizi.

Bankruptcy risk for Polar VVS & EL ApS

1.9%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
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×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
CEO's other companies1 · bankruptcy rate 7.3%0.83×

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
38803697
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Rødovrevej 22A
2610 Rødovre
Municipality
Rødovre
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-79.0%
Current ratio52%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.2mDKK 2.4m
Net profitDKK -182kDKK 627k
EquityDKK -1.3mDKK -1.2m
Total assetsDKK 1.7mDKK 1.6m
CashDKK 533k–
Short-term debtDKK 3.0m–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025179
1 Jul 2023 – 30 Jun 2024156
1 Jul 2022 – 30 Jun 2023186 Late
1 Jul 2021 – 30 Jun 2022187 Late
1 Jul 2020 – 30 Jun 2021166
1 Jul 2019 – 30 Jun 2020107
1 Jul 2018 – 30 Jun 201988
11 Jul 2017 – 30 Jun 201894

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
CEOKamal AziziCurrent
CEOKamal Azizi
CEOAnnette Wagner Azizi
Owner (100%)Polar-Holding ApSCurrent
Owner (100%)Kamal Azizi
FounderKamal AziziCurrent

The CEOs' other companies

Kamal Azizi – 1 other companies

Annette Wagner Azizi – 1 other companies

Address history (7 moves)

Rødovrevej 22A, 2610 Rødovre
Jernholmen 36, 2. th, 2650 Hvidovre
Hvidovrevej 354, kl. th, 2650 Hvidovre
Fjeldhammervej 15, 2610 Rødovre
Rødovrevej 24A, 1., 2610 Rødovre
Sydhavnsvej 1A, 3390 Hundested
Ulrik Birchs Allé 1, 2. th, 2300 København S
Sydhavnsvej 1A, 3390 Hundested

Former names

Polar VVS & EL ApS – now
Polar VVS ApS –

Employees per year

Number of employees at Polar VVS & EL ApS per year112018: 12018

Other companies at the same address

Similar companies in Rødovre

Questions and answers about Polar VVS & EL ApS

Has Polar VVS & EL ApS gone bankrupt?

No, Polar VVS & EL ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Polar VVS & EL ApS?

Our model estimates a bankruptcy risk of 1.9% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Polar VVS & EL ApS?

Kamal Azizi is the CEO of Polar VVS & EL ApS.

When was Polar VVS & EL ApS founded?

Polar VVS & EL ApS was founded on 11 July 2017.

What is the equity of Polar VVS & EL ApS?

Equity was DKK -1.3m according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.