ELWORKS A/S

CVR 58585610 · Public limited company (A/S) · Active · Low risk

ELWORKS A/S is a Public limited company (A/S), founded on , based in Kolding. The company is registered in the industry engroshandel med andre maskiner og andet udstyr. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 30.4m and a net result of DKK 7.7m.

Bankruptcy risk for ELWORKS A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
58585610
Status
Active
Company type
Public limited company (A/S)
Founded
(50 years)
Address
Nordager 3
6000 Kolding
Municipality
Kolding
Industry
Engroshandel med andre maskiner og andet udstyr (466400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
18 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 30
Missing annual reportNo
Negative equityNo
Equity ratio45.3%
Current ratio164%
Moves (last 2 years)2
CEO changes in total7
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 18.7mDKK 16.5m
Net profitDKK 7.7mDKK 4.5m
EquityDKK 30.4mDKK 27.3m
Total assetsDKK 67.1mDKK 49.0m
CashDKK 23.0m–
Short-term debtDKK 36.1m–
Avg. employees12–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202570
1 Jan 2024 – 31 Dec 202479
1 Jan 2023 – 31 Dec 202361
1 Jan 2022 – 31 Dec 202262
1 Jan 2021 – 31 Dec 202160
1 Jan 2020 – 31 Dec 202067
1 Jan 2019 – 31 Dec 201969
1 Jul 2017 – 31 Dec 201870
1 Jul 2016 – 30 Jun 201775
1 Jul 2015 – 30 Jun 2016106
1 Jul 2014 – 30 Jun 2015108
1 Jul 2013 – 30 Jun 2014156
1 Jul 2012 – 30 Jun 2013124
1 Jul 2011 – 30 Jun 2012131
1 Jul 2010 – 30 Jun 2011137
1 Jul 2009 – 30 Jun 201099
1 Jul 2008 – 30 Jun 200993
1 Jul 2007 – 30 Jun 2008126
1 Jul 2006 – 30 Jun 200799
1 Jul 2005 – 30 Jun 200697

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
CEOJohn Andersen
CEOHenrik Holst Andersen
CEOPeter Holst Andersen
CEOHenrik Nøhr
BoardChristian Søgaard-ChristensenCurrent
BoardKristian Muldbak AndersenCurrent
BoardEgil MoesgaardCurrent
BoardHenrik Holst Andersen
BoardSteen Asbjørn Larsen
BoardHans Jørgen Kaptain
BoardJohn Andersen
BoardKurt Hansen
BoardJens Træde
BoardPoul Sloth
BoardPeter Holst Andersen
BoardBo Westberg Rasmussen
BoardHans Jørgen Kaptain
BoardHenrik Holst Andersen
BoardJan Meldgaard Christensen
BoardMorten Ørding Trolle
BoardTony Norman Christensen
BoardMichael Lichtenberg Crone
BoardKarsten Bækgård Nielsen
BoardHenrik Nøhr
Owner (100%)LEMVIGH-MüLLER A/SCurrent
Owner (100%)Holst Andersen Group Holding ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorReg. revisor Kurt Hansen
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

John Andersen – 1 other companies

Henrik Holst Andersen – 8 other companies, of which 1 bankrupt

Peter Holst Andersen – 9 other companies, of which 2 bankrupt

Henrik Nøhr – 2 other companies

Address history (3 moves)

Nordager 3, 6000 Kolding
c/o Lemvigh-Müller A/S, Hjørringvej 165, 9900 Frederikshavn
Knivholtvej 13, 9900 Frederikshavn
Knivholtvej 6, 9900 Frederikshavn

Former names

ELWORKS A/S – now
B&H EL-ARTIKLER A/S –

Employees per year

Number of employees at ELWORKS A/S per year11222011: 1820112012: 1920122013: 2220132014: 1920142015: 2020152016: 2220162017: 1420172018: 182018

Other companies at the same address

Similar companies in Kolding

Questions and answers about ELWORKS A/S

Has ELWORKS A/S gone bankrupt?

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

What is the bankruptcy risk of ELWORKS A/S?

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

Who is the auditor of ELWORKS A/S?

ELWORKS A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was ELWORKS A/S founded?

ELWORKS A/S was founded on 29 June 1976.

What is the equity of ELWORKS A/S?

Equity was DKK 30.4m 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.