Kredsløb A/S

CVR 40844244 · Public limited company (A/S) · Active · Low risk

Kredsløb A/S is a Public limited company (A/S), founded on , based in Brabrand. The company is registered in the industry fjernvarmeforsyning. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 6 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 412k and a net result of DKK 0. CEO: Thomas Elgaard Jensen.

Bankruptcy risk for Kredsløb A/S

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

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
Company typeA/S · bankruptcy rate 4.4%0.50×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Capital changes2 · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
40844244
Status
Active
Company type
Public limited company (A/S)
Founded
(7 years)
Address
Karen Blixens Boulevard 7
8220 Brabrand
Municipality
Aarhus
Industry
Fjernvarmeforsyning (353000)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 410k
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityNo
Equity ratio0.1%
Current ratio99%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 427.9mDKK 441.1m
Gross profitDKK 174.6mDKK 197.9m
Net profitDKK 0DKK 0
EquityDKK 412kDKK 412k
Total assetsDKK 355.1mDKK 220.3m
CashDKK 64.9m–
Short-term debtDKK 268.0m–
Avg. employees515–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · (venstre underskriver).

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025167
1 Jan 2024 – 31 Dec 2024163
1 Jan 2023 – 31 Dec 2023162
1 Jan 2022 – 31 Dec 2022145
1 Jan 2021 – 31 Dec 2021159
1 Oct 2019 – 31 Dec 2020228 Late

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
CEOThomas Elgaard JensenCurrent
CEOPeter Andreas Stakemann
CEOBjarne Munk Jensen
BoardJens Rishøj SkovCurrent
BoardHanne Tokkesdal JensenCurrent
BoardLejla MesanovicCurrent
BoardThomas John RandCurrent
BoardSøren AdamsenCurrent
BoardJakob Søgaard ClausenCurrent
BoardLaura Hay UgglaCurrent
BoardTrine Lindegaard HolmbergCurrent
BoardMohat Bashir YussufCurrent
BoardMatilde Kirstine Bræmer DueholmCurrent
BoardChristian Brinkmann DamsgaardCurrent
BoardChristian Andersen-Mølgaard
BoardHenrik Seiding
BoardPeter Pedersen
BoardTom Ellegaard
BoardBjarne Munk Jensen
BoardLone Paulsen
BoardKim Kristen Nørskov Beyer
BoardKim Lorentzen
BoardLars Gjørtz Hougaard
BoardLene van der Raad
BoardThomas Elgaard Jensen
BoardCarsten Niclas Kvernrød
BoardLisbeth Hjortborg Jensen
Owner (100%)Kredsløb Holding A/SCurrent
Owner (100%)ApS KBUS 38 nr.3117
Owner (100%)Aarhus Kommune
AuditorEY Godkendt RevisionspartnerselskabCurrent
FounderApS KBUS 38 nr.3117Current

The CEOs' other companies

Thomas Elgaard Jensen – 11 other companies

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Bjarne Munk Jensen – 10 other companies

Address history (2 moves)

Karen Blixens Boulevard 7, 8220 Brabrand
Karen Blixens Boulevard 7, 8220 Brabrand
Kronprinsessegade 18, 1306 København K

Former names

Kredsløb A/S – now
AffaldVarme Aarhus A/S –
AffaldVarme Aarhus ApS –
ApS KBUS 18 - 177 –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Kredsløb A/S

Has Kredsløb A/S gone bankrupt?

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

What is the bankruptcy risk of Kredsløb A/S?

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 Kredsløb A/S?

Thomas Elgaard Jensen is the CEO of Kredsløb A/S.

Who is the auditor of Kredsløb A/S?

Kredsløb A/S most recently used EY Godkendt Revisionspartnerselskab.

When was Kredsløb A/S founded?

Kredsløb A/S was founded on 1 October 2019.

What is the equity of Kredsløb A/S?

Equity was DKK 412k 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.