Navitas Solar ApS

CVR 39869837 · Private limited company (ApS) · Active · Low risk

Navitas Solar ApS is a Private limited company (ApS), founded on , based in Hornslet. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 7 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 1.4m and a net result of DKK 117k. CEO: Martin Elkjær.

Bankruptcy risk for Navitas Solar 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

Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · 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
39869837
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Østerbækvej 7
8543 Hornslet
Municipality
Syddjurs
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 50k
Auditor
Advosion, Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityNo
Equity ratio69.3%
Current ratio84%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 85kDKK 524kDKK 252k
Net profitDKK 117kDKK 411kDKK 187k
EquityDKK 1.4mDKK 1.3mDKK 1.2m
Total assetsDKK 2.1mDKK 1.9mDKK 2.2m
CashDKK 382kDKK 91k–
Short-term debtDKK 637kDKK 557k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · ADVOSION.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202565
1 Jan 2024 – 31 Dec 202466
1 Jan 2023 – 31 Dec 2023166
1 Jan 2022 – 31 Dec 2022191 Late
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020168
1 Oct 2018 – 31 Dec 201992

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
CEOMartin ElkjærCurrent
Owner (100%)MARTIN ELKJÆR HOLDING ApSCurrent
Owner (100%)Martin Elkjær
AuditorAdvosion, Statsautoriseret RevisionspartnerselskabCurrent
FounderMartin ElkjærCurrent

The CEOs' other companies

Martin Elkjær – 2 other companies

Address history (1 moves)

Østerbækvej 7, 8543 Hornslet
Hermodsvej 5B, 3., 8230 Åbyhøj

Former names

Navitas Solar ApS – now
Navitas Energi ApS –

Similar companies in Syddjurs

Questions and answers about Navitas Solar ApS

Has Navitas Solar ApS gone bankrupt?

No, Navitas Solar ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Navitas Solar 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 CEO of Navitas Solar ApS?

Martin Elkjær is the CEO of Navitas Solar ApS.

Who is the auditor of Navitas Solar ApS?

Navitas Solar ApS most recently used Advosion, Statsautoriseret Revisionspartnerselskab.

When was Navitas Solar ApS founded?

Navitas Solar ApS was founded on 14 September 2018.

What is the equity of Navitas Solar ApS?

Equity was DKK 1.4m 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.