H2 Mill ApS

CVR 41199962 · Private limited company (ApS) · Active · Low risk

H2 Mill ApS is a Private limited company (ApS), founded on , based in Marstal. The company is registered in the industry indvinding af naturgas. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 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 123k and a net result of DKK -24k. CEO: Carsten Nørgaard.

Bankruptcy risk for H2 Mill ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×

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
41199962
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Skovgyden 24
5960 Marstal
Municipality
Ærø
Industry
Indvinding af naturgas (062000)
Bankruptcies in the industry: Indvinding af råolie
Share capital
DKK 250k
Auditor
RevisorGruppen v/ Gotfredsen I/S
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityNo
Equity ratio22.2%
Current ratio125%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies4
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -33kDKK -12kDKK -16k
Net profitDKK -24kDKK -16kDKK -18k
EquityDKK 123kDKK 147kDKK 163k
Total assetsDKK 553kDKK 621kDKK 627k
CashDKK 993DKK 186–
Short-term debtDKK 430kDKK 474k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · RevisorGruppen v/ Gotfredsen I/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024163
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022173
1 Jan 2021 – 31 Dec 2021130
26 Feb 2020 – 31 Dec 2020230 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
CEOCarsten NørgaardCurrent
Owner (100%)Kirk Bau GmbHCurrent
FounderKirk Bau GmbHCurrent

The CEOs' other companies

Carsten Nørgaard – 7 other companies, of which 4 bankrupt

Address history (0 moves)

Skovgyden 24, 5960 Marstal

Other companies at the same address

Questions and answers about H2 Mill ApS

Has H2 Mill ApS gone bankrupt?

No, H2 Mill ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of H2 Mill ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of H2 Mill ApS?

Carsten Nørgaard is the CEO of H2 Mill ApS.

Who is the auditor of H2 Mill ApS?

H2 Mill ApS most recently used RevisorGruppen v/ Gotfredsen I/S.

When was H2 Mill ApS founded?

H2 Mill ApS was founded on 26 February 2020.

What is the equity of H2 Mill ApS?

Equity was DKK 123k 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.