Adriatic Partners ApS
CVR 44390558 · Private limited company (ApS) · Active · High risk
Adriatic Partners ApS is a Private limited company (ApS), founded on , based in Kongens Lyngby. The company is registered in the industry produktion af elektricitet fra vedvarende energikilder. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 2 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 -163k and a net result of DKK -192k. CEO: Flemming Christen Thorning Engelstoft.
Bankruptcy risk for Adriatic Partners ApS
2.4 × the average (1.41%) · higher risk than 88% of active Danish companies
Increases the risk
Reduces the risk
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
- 44390558
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (3 years)
- Address
- Nørgaardsvej 1, 1.
2800 Kongens Lyngby - Municipality
- Lyngby-Taarbæk
- Industry
- Produktion af elektricitet fra vedvarende energikilder (351200)
Bankruptcies in the industry: Produktion af elektricitet - Share capital
- DKK 59k
- Auditor
- AIDER Godkendt Revisionsaktieselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 1 of 2 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -3.0% |
| Current ratio | 730% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 15 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK -25k | DKK -28k |
| Net profit | DKK -192k | DKK -29k |
| Equity | DKK -163k | DKK 11k |
| Total assets | DKK 5.5m | DKK 33k |
| Cash | DKK 522 | – |
| Short-term debt | DKK 20k | – |
| Avg. employees | 1 | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Baker Tilly Denmark.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 190 | Late | |
| 23 Oct 2023 – 31 Dec 2024 | 171 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Flemming Christen Thorning Engelstoft | Current | |
| Board | Flemming Christen Thorning Engelstoft | Current | |
| Board | Jens Elton Andersen | Current | |
| Board | Rune Blæsbjerg | Current | |
| Owner (10%) | HOLDINGSELSKABET ABL ApS | Current | |
| Owner (15%) | WINDCARE HOLDING ApS | Current | |
| Owner (10%) | ELTON HOLDING ApS | Current | |
| Owner (15%) | Providor og Co ApS | Current | |
| Owner (25%) | BJBL Holding ApS | Current | |
| Owner (10%) | Bo Lindberg Invest ApS | Current | |
| Owner (100%) | WINDSPACE A/S | ||
| Owner (25%) | WINDCARE HOLDING ApS | ||
| Owner (5%) | ELTON HOLDING ApS | ||
| Owner (25%) | PROVIDOR HOLDING ApS | ||
| Owner (15%) | HOLDINGSELSKABET ABL ApS | ||
| Owner (15%) | PROVIDOR HOLDING ApS | ||
| Auditor | AIDER Godkendt Revisionsaktieselskab | Current | |
| Founder | WINDSPACE A/S | Current |
The CEOs' other companies
Flemming Christen Thorning Engelstoft – 13 other companies
- Elysium Nordic ApS Active
- PROVIDOR HOLDING ApS Active
- Providor og Co ApS Active
- WINDSPACE A/S Active
- WS ASSET MANAGEMENT A/S Opløst
- WS Croatia ApS Active
- WS PIA ApS Active
- WS POLEN VIND ApS Active
- WS VI A/S Active
- WS VII ApS Active
- Windspace DK1 ApS Active
- Windspace DK2 ApS Active
- Windspace Group ApS Active
Address history (0 moves)
| Nørgaardsvej 1, 1., 2800 Kongens Lyngby |
Former names
| Adriatic Partners ApS | – now |
| Windspace DK3 ApS | – |
Other companies at the same address
- DFM ApS Compulsorily dissolved
- DSFM ApS Compulsorily dissolved
- Elysium Nordic ApS Active
- MADSEN & SØEBORG RÅDGIVENDE INGENIØRFIRMA ApS Active
- MASSTOR SYSTEMS ApS Opløst
- Sov Naturligt Lyngby ApS Active
- WINDSPACE A/S Active
- WS ASSET MANAGEMENT A/S Opløst
- WS Croatia ApS Active
- WS PIA ApS Active
- WS POLEN VIND ApS Active
- WS VI A/S Active
- Windspace DK1 ApS Active
- Windspace DK2 ApS Active
- Windspace Group ApS Active
Similar companies in Lyngby-Taarbæk
- Juccas Wind II ApS Virum
- Windspace DK2 ApS Kongens Lyngby
- Windspace DK1 ApS Kongens Lyngby
- DTU Kraftvarmeværk ApS Kongens Lyngby
- JBF Sprogø OWF ApS Virum
- JUCCAS Wind Denmark ApS Virum
- WS PIA ApS Kgs. Lyngby
- Nordic Renewables ApS Virum
- EUROPEAN HYDRO PLANTS SOUTHEAST EUROPE ApS Kgs.Lyngby
- EUROPEAN HYDRO PLANTS A/S Kgs.Lyngby
Questions and answers about Adriatic Partners ApS
Has Adriatic Partners ApS gone bankrupt?
No, Adriatic Partners ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Adriatic Partners ApS?
Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.
Who is the CEO of Adriatic Partners ApS?
Flemming Christen Thorning Engelstoft is the CEO of Adriatic Partners ApS.
Who is the auditor of Adriatic Partners ApS?
Adriatic Partners ApS most recently used AIDER Godkendt Revisionsaktieselskab.
When was Adriatic Partners ApS founded?
Adriatic Partners ApS was founded on 23 October 2023.
What is the equity of Adriatic Partners ApS?
Equity was DKK -163k 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.