Owners, management and financials
CVR: 39756501
Previous names: PFA Global PropCo 1 ApS
DKK 7,832,291
Revenue
Net result: DKK -736,049
PFA Europe Real Estate Low II A/S (100%)
CVR · view owners
Michael Hansen
Board: Peter Kenneth Morgan (chair) and 2 members
CVR · view management
Active
Founded 2 August 2018
CVR · view overview
0 employees
Annual report 2025 · average
Director role ended: Mikael Arne Fogemann
CVR · 01/12/2023
View the full event history
PFA German Real Estate Low I ApS is a Danish company of the type Anpartsselskab based in København Ø, founded in 2018. The company is registered under the industry Køb og salg af egen fast ejendom. The company was previously named PFA Global PropCo 1 ApS. The management consists of Michael Hansen. The board consists of Peter Kenneth Morgan (chair), Michael Hansen and Vibeke Bodi. The company is owned by PFA Europe Real Estate Low II A/S. According to the 2025 annual report, the company had an average of 0 employees. In 2025, the company reported revenue of DKK 7,832,291 and a net result of DKK -736,049 compared with DKK 174,277 the year before. Equity in the 2025 report amounted to DKK 33,273,910.
Source: annual report 2025, Danish Business Authority
The financial health of PFA German Real Estate Low I ApS shows significant volatility, particularly in profitability. After a profitable year in 2021 with a profit of 21.1 million DKK, the company faced substantial losses in 2023, reporting a profit deficit of 44.5 million DKK, despite generating revenue of 9.2 million DKK. Revenue peaked at 10.3 million DKK in 2024, but profitability remains a concern with a loss of 736,049 DKK that year. The equity position has declined from 87.5 million DKK in 2021 to 33.3 million DKK in 2025, indicating potential challenges in sustaining operations and growth within the real estate market. Overall, the company is navigating a difficult financial landscape with declining equity and inconsistent profitability.
AI-generated summary · Generated 19/03/2026
Selskabets formål er at foretage direkte eller indirekte investeringer i fast ejendom i udlandet.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 7.8 mio. | -736 t. | 167.8 mio. | 33.3 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 10.3 mio. | 174 t. | 223.2 mio. | 33.9 mio. | - | |
| 202301/01/2023 – 31/12/2023 | 9.2 mio. | -44.5 mio. | 219.7 mio. | 42.3 mio. | - | |
| 202201/01/2022 – 31/12/2022 | - | -984 t. | 270.8 mio. | 86.7 mio. | 0 | |
| 202101/01/2021 – 31/12/2021 | 9.9 mio. | 21.1 mio. | 270.6 mio. | 87.5 mio. | 0 | |
| 202001/01/2020 – 31/12/2020 | 8.7 mio. | 10.6 mio. | 244.8 mio. | 66.7 mio. | 0 |
Compared to 7.299 companies in Køb og salg af egen fast ejendom
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
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Set up monitoringThe CVR number of PFA German Real Estate Low I ApS is 39756501.
PFA German Real Estate Low I ApS is owned by PFA Europe Real Estate Low II A/S.
The management of PFA German Real Estate Low I ApS consists of Michael Hansen.
The board of PFA German Real Estate Low I ApS consists of Peter Kenneth Morgan, Michael Hansen and Vibeke Bodi, with Peter Kenneth Morgan as chair.
In 2025, PFA German Real Estate Low I ApS reported revenue of DKK 7,832,291.
PFA German Real Estate Low I ApS had an average of 0 employees in the 2025 financial year according to the annual report.
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PFA German Real Estate Low I ApS has published its annual report for 2025. Revenue came to DKK 7,832,291, and the net result was DKK -736,049.
PFA German Real Estate Low I ApS has published its annual report for 2024. Revenue came to DKK 10,321,634, and the net result was DKK 174,277.
PFA German Real Estate Low I ApS has published its annual report for 2023. Revenue came to DKK 9,174,289, and the net result was DKK -44,502,487.
As of March 5, 2024, EY Godkendt Revisionspartnerselskab has been appointed auditor of PFA German Real Estate Low I ApS.
As of March 5, 2024, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low I ApS.
As of December 1, 2023, Peter Kenneth Morgan has joined the board of directors of PFA German Real Estate Low I ApS.
As of December 1, 2023, Michael Hansen has joined the board of directors of PFA German Real Estate Low I ApS.
As of December 1, 2023, Michael Bruhn has left the board of directors of PFA German Real Estate Low I ApS.
As of December 1, 2023, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low I ApS.
As of December 1, 2023, Michael Hansen is registered as director of PFA German Real Estate Low I ApS.
As of December 1, 2023, Mikael Arne Fogemann has stepped down as director of PFA German Real Estate Low I ApS.
As of May 17, 2023, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low I ApS.
As of May 17, 2023, Mary Anne Nybro Ekberg has left the board of directors of PFA German Real Estate Low I ApS.
PFA German Real Estate Low I ApS has published its annual report for 2022. The net result was DKK -984,000.
As of February 1, 2023, Mikael Arne Fogemann is registered as director of PFA German Real Estate Low I ApS.
As of February 1, 2023, Jakob Kær Bille Krogh Nielsen has stepped down as director of PFA German Real Estate Low I ApS.
As of May 24, 2022, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low I ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has left the board of directors of PFA German Real Estate Low I ApS.
As of May 24, 2022, Jakob Kær Bille Krogh Nielsen is registered as director of PFA German Real Estate Low I ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has stepped down as director of PFA German Real Estate Low I ApS.
PFA German Real Estate Low I ApS has published its annual report for 2021. Revenue came to DKK 9,888,000, and the net result was DKK 21,144,000.
PFA German Real Estate Low I ApS has published its annual report for 2020. Revenue came to DKK 8,731,000, and the net result was DKK 10,603,000.
As of March 17, 2021, Henrik Nøhr Engelbrekt has joined the board of directors of PFA German Real Estate Low I ApS.
As of March 17, 2021, Mary Anne Nybro Ekberg has joined the board of directors of PFA German Real Estate Low I ApS.
As of March 17, 2021, Vibeke Bodi has left the board of directors of PFA German Real Estate Low I ApS.
As of March 17, 2021, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low I ApS.
As of March 17, 2021, Henrik Nøhr Engelbrekt is registered as director of PFA German Real Estate Low I ApS.
As of March 17, 2021, Pia Bastrup has stepped down as director of PFA German Real Estate Low I ApS.
PFA German Real Estate Low I ApS has published its interim report for the period August 2, 2018 – December 31, 2019.
On December 7, 2018, the company changed its name from PFA Global PropCo 1 ApS to PFA German Real Estate Low I ApS.
As of August 6, 2018, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low I ApS.
As of August 6, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low I ApS.
As of August 2, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low I ApS.
As of August 2, 2018, Michael Bruhn has joined the board of directors of PFA German Real Estate Low I ApS.
As of August 2, 2018, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low I ApS.
As of August 2, 2018, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low I ApS.
As of August 2, 2018, Pia Bastrup is registered as director of PFA German Real Estate Low I ApS.
As of August 2, 2018, PFA Europe Real Estate Low II A/S is registered as an owner of PFA German Real Estate Low I ApS with an ownership share of 100%.
PFA German Real Estate Low I ApS was founded on August 2, 2018.

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