BioCirc Vesthimmerland Biogas ApS

CVR 39433982 · Private limited company (ApS) · Active · Low risk

BioCirc Vesthimmerland Biogas ApS is a Private limited company (ApS), founded on , based in Farsø. The company is registered in the industry produktion af gas. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 7 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 62.0m and a net result of DKK -7.6m. CEO: Massimo Forti, Jeppe Christian Klug Madsen.

Bankruptcy risk for BioCirc Vesthimmerland Biogas ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% 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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
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
39433982
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Holmevej 100
9640 Farsø
Municipality
Vesthimmerlands
Industry
Produktion af gas (352100)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 1.0m
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 7
Missing annual reportNo
Negative equityNo
Equity ratio17.2%
Current ratio61%
Moves (last 2 years)0
CEO changes in total10
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 23.3mDKK 4.8m
Net profitDKK -7.6mDKK -24.1m
EquityDKK 62.0mDKK 21.6m
Total assetsDKK 360.6mDKK 380.0m
CashDKK 0–
Short-term debtDKK 90.7m–
Avg. employees1–

Latest annual report: Reporting class C, mellemstor virksomhed · 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 2024188 Late
1 Jan 2023 – 31 Dec 2023187 Late
1 Oct 2021 – 31 Dec 2022187 Late
1 Oct 2020 – 30 Sep 2021112
1 Oct 2019 – 30 Sep 2020140
22 Mar 2018 – 30 Jun 2019156

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
CEOJeppe Christian Klug MadsenCurrent
CEOLasse Buhl Jørgensen
CEODitlev Gjedsig Høgh
CEOJeppe Christian Klug Madsen
CEOKenneth Sørensen
CEOAnders Krohn
BoardJohan Erik Stenger
BoardJens Bigum
BoardLasse Buhl Jørgensen
BoardJens Bak Ibsen
BoardDitlev Gjedsig Høgh
BoardKenneth Sørensen
BoardJeppe Christian Klug Madsen
Owner (90%)VHB Planteavl ApSCurrent
Owner (100%)MAJ Skive ApS
Owner (100%)VHB Planteavl ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderMAJ Skive ApSCurrent

The CEOs' other companies

Massimo Forti – 22 other companies

Jeppe Christian Klug Madsen – 16 other companies

Lasse Buhl Jørgensen – 55 other companies, of which 14 bankrupt

Ditlev Gjedsig Høgh – 11 other companies

Kenneth Sørensen – 23 other companies, of which 2 bankrupt

Address history (1 moves)

Holmevej 100, 9640 Farsø
Petuniavej 266, 7800 Skive

Former names

BioCirc Vesthimmerland Biogas ApS – now
Vesthimmerland Biogas A/S –
Vesthimmerland Biogas ApS –
MAJ Biogas ApS –

Other companies at the same address

Questions and answers about BioCirc Vesthimmerland Biogas ApS

Has BioCirc Vesthimmerland Biogas ApS gone bankrupt?

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

What is the bankruptcy risk of BioCirc Vesthimmerland Biogas ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of BioCirc Vesthimmerland Biogas ApS?

Massimo Forti, Jeppe Christian Klug Madsen are the CEOs of BioCirc Vesthimmerland Biogas ApS.

Who is the auditor of BioCirc Vesthimmerland Biogas ApS?

BioCirc Vesthimmerland Biogas ApS most recently used EY Godkendt Revisionspartnerselskab.

When was BioCirc Vesthimmerland Biogas ApS founded?

BioCirc Vesthimmerland Biogas ApS was founded on 22 March 2018.

What is the equity of BioCirc Vesthimmerland Biogas ApS?

Equity was DKK 62.0m 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.