Kredsløb Fjernvarme A/S

CVR 40844309 · Public limited company (A/S) · Active · Low risk

Kredsløb Fjernvarme 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 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 15.7m and a net result of DKK 0. CEO: Thomas Elgaard Jensen.

Bankruptcy risk for Kredsløb Fjernvarme A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Company typeA/S · bankruptcy rate 4.4%0.50×
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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Capital changes2 · bankruptcy rate 5.2%0.59×

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
40844309
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 5.0m
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityNo
Equity ratio0.3%
Current ratio28%
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 year202520242023
RevenueDKK 1.6bnDKK 1.7bnDKK 1.5bn
Gross profitDKK 298.9mDKK 283.5mDKK 284.3m
Net profitDKK 0DKK 0DKK 0
EquityDKK 15.7mDKK 15.7mDKK 15.7m
Total assetsDKK 5.0bnDKK 5.0bnDKK 5.0bn
Short-term debtDKK 800.9mDKK 591.5m–
Avg. employees00–

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 2020179

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
BoardSøren AdamsenCurrent
BoardThomas John RandCurrent
BoardJakob Søgaard ClausenCurrent
BoardLaura Hay UgglaCurrent
BoardTrine Lindegaard HolmbergCurrent
BoardJens Rishøj SkovCurrent
BoardHanne Tokkesdal JensenCurrent
BoardMohat Bashir YussufCurrent
BoardMatilde Kirstine Bræmer DueholmCurrent
BoardLejla MesanovicCurrent
BoardChristian Brinkmann DamsgaardCurrent
BoardChristian Andersen-Mølgaard
BoardHenrik Seiding
BoardPeter Pedersen
BoardLene van der Raad
BoardBjarne Munk Jensen
BoardLone Paulsen
BoardLasse Sørensen
BoardLone Paulsen
BoardLasse Sørensen
BoardLasse Sørensen
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 Fjernvarme A/S – now
AffaldVarme Aarhus Fjernvarme A/S –
AffaldVarme Aarhus Fjernvarme ApS –
ApS KBUS 18 - 180 –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Kredsløb Fjernvarme A/S

Has Kredsløb Fjernvarme A/S gone bankrupt?

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

What is the bankruptcy risk of Kredsløb Fjernvarme A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Kredsløb Fjernvarme A/S?

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

Who is the auditor of Kredsløb Fjernvarme A/S?

Kredsløb Fjernvarme A/S most recently used EY Godkendt Revisionspartnerselskab.

When was Kredsløb Fjernvarme A/S founded?

Kredsløb Fjernvarme A/S was founded on 1 October 2019.

What is the equity of Kredsløb Fjernvarme A/S?

Equity was DKK 15.7m 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.