H2OFagerholt a/s

CVR 43693530 · Public limited company (A/S) · Active · High risk

H2OFagerholt a/s is a Public limited company (A/S), founded on , based in Aarhus C. The company is registered in the industry engroshandel med beklædning. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -5.8m and a net result of DKK -1.6m.

Bankruptcy risk for H2OFagerholt a/s

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
43693530
Status
Active
Company type
Public limited company (A/S)
Founded
(3 years)
Address
Balticagade 10A
8000 Aarhus C
Municipality
Aarhus
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 1.0m
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-315.7%
Current ratio178%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address28
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -741kDKK 1.1m
Net profitDKK -1.6mDKK -3.2m
EquityDKK -5.8mDKK -4.3m
Total assetsDKK 1.9mDKK 7.9m
CashDKK 46k–
Short-term debtDKK 1.0m–
Avg. employees2–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025125
1 Jan 2024 – 31 Dec 2024155
8 Dec 2022 – 31 Dec 2023177

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
CEOChristian Trads Hansen
CEOMichael Birger Madsen Lillelund
BoardTorben HartvigsenCurrent
BoardSisse Droob KnudsenCurrent
BoardChristian Trads HansenCurrent
BoardJacob GrønlykkeCurrent
BoardLeon Vad Laxy ChristensenCurrent
BoardSisse Droob Knudsen
BoardMikkel Schmidt Christensen
BoardJacob Grønlykke
BoardJacob Grønlykke
Owner (50%)H2O SPORTSWEAR HOLDING ApSCurrent
Owner (15%)Fagerholt & Co. ApSCurrent
Owner (5%)C. TRADS HOLDING ApSCurrent
Owner (5%)ANGU HOLDING ApSCurrent
Owner (20%)Fagerholt & Co. ApS
Owner (10%)C. TRADS HOLDING ApS
Owner (10%)ANGU HOLDING ApS
Owner (10%)ML Next Level ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
FounderFagerholt & Co. ApSCurrent
FounderH2O SPORTSWEAR HOLDING ApSCurrent
FounderC. TRADS HOLDING ApSCurrent
FounderANGU HOLDING ApSCurrent

The CEOs' other companies

Christian Trads Hansen – 5 other companies, of which 1 bankrupt

Michael Birger Madsen Lillelund – 3 other companies

Address history (1 moves)

Balticagade 10A, 8000 Aarhus C
Balticagade 10A, 8000 Aarhus C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about H2OFagerholt a/s

Has H2OFagerholt a/s gone bankrupt?

No, H2OFagerholt a/s is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of H2OFagerholt a/s?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the auditor of H2OFagerholt a/s?

H2OFagerholt a/s most recently used Cedra Godkendt Revisionsaktieselskab.

When was H2OFagerholt a/s founded?

H2OFagerholt a/s was founded on 8 December 2022.

What is the equity of H2OFagerholt a/s?

Equity was DKK -5.8m 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.