Owners, management and financials
CVR: 39756536
Previous names: PFA Global PropCo 2 ApS
DKK 21,372,657
Revenue
Net result: DKK -46,363,024
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
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PFA German Real Estate Low II 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 2 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 21,372,657 and a net result of DKK -46,363,024 compared with DKK -1,430,298 the year before. Equity in the 2025 report amounted to DKK 17,672,557.
Source: annual report 2025, Danish Business Authority
The financial health of PFA German Real Estate Low II ApS shows significant volatility, with a troubling trend in profitability over recent years. Revenue peaked at 23.4 million DKK in 2021 but has since declined to 21.4 million DKK in 2025, while profits have turned sharply negative, culminating in a loss of 46.4 million DKK in 2025. The company's equity has also decreased dramatically from 197.2 million DKK in 2022 to 17.7 million DKK in 2025, raising concerns about its financial stability and ability to sustain operations. Despite its position in the real estate sector, the declining margins and significant losses indicate a need for strategic reassessment to improve its financial trajectory.
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 | 21.4 mio. | -46.4 mio. | 435.2 mio. | 17.7 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 22.4 mio. | -1.4 mio. | 573.1 mio. | 73 mio. | - | |
| 202301/01/2023 – 31/12/2023 | 21.1 mio. | -101.5 mio. | 574.1 mio. | 95.9 mio. | - | |
| 202201/01/2022 – 31/12/2022 | - | 4.1 mio. | 700.3 mio. | 197.2 mio. | 0 | |
| 202101/01/2021 – 31/12/2021 | 23.4 mio. | 62.3 mio. | 715.6 mio. | 192.9 mio. | 0 | |
| 202001/01/2020 – 31/12/2020 | 18.9 mio. | -6.6 mio. | 646.3 mio. | 131 mio. | 0 |
Compared to 7.304 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 II ApS is 39756536.
PFA German Real Estate Low II ApS is owned by PFA Europe Real Estate Low II A/S.
The management of PFA German Real Estate Low II ApS consists of Michael Hansen.
The board of PFA German Real Estate Low II ApS consists of Peter Kenneth Morgan, Michael Hansen and Vibeke Bodi, with Peter Kenneth Morgan as chair.
In 2025, PFA German Real Estate Low II ApS reported revenue of DKK 21,372,657.
PFA German Real Estate Low II 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 II ApS has published its annual report for 2025. Revenue came to DKK 21,372,657, and the net result was DKK -46,363,024.
PFA German Real Estate Low II ApS has published its annual report for 2024. Revenue came to DKK 22,396,811, and the net result was DKK -1,430,298.
PFA German Real Estate Low II ApS has published its annual report for 2023. Revenue came to DKK 21,083,793, and the net result was DKK -101,457,020.
As of March 5, 2024, EY Godkendt Revisionspartnerselskab has been appointed auditor of PFA German Real Estate Low II ApS.
As of March 5, 2024, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low II ApS.
As of December 1, 2023, Peter Kenneth Morgan has joined the board of directors of PFA German Real Estate Low II ApS.
As of December 1, 2023, Michael Hansen has joined the board of directors of PFA German Real Estate Low II ApS.
As of December 1, 2023, Michael Bruhn has left the board of directors of PFA German Real Estate Low II ApS.
As of December 1, 2023, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low II ApS.
As of December 1, 2023, Michael Hansen is registered as director of PFA German Real Estate Low II ApS.
As of December 1, 2023, Mikael Arne Fogemann has stepped down as director of PFA German Real Estate Low II ApS.
As of May 17, 2023, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low II ApS.
As of May 17, 2023, Mary Anne Nybro Ekberg has left the board of directors of PFA German Real Estate Low II ApS.
PFA German Real Estate Low II ApS has published its annual report for 2022. The net result was DKK 4,052,000.
As of February 1, 2023, Mikael Arne Fogemann is registered as director of PFA German Real Estate Low II ApS.
As of February 1, 2023, Jakob Kær Bille Krogh Nielsen has stepped down as director of PFA German Real Estate Low II ApS.
As of May 24, 2022, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low II ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has left the board of directors of PFA German Real Estate Low II ApS.
As of May 24, 2022, Jakob Kær Bille Krogh Nielsen is registered as director of PFA German Real Estate Low II ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has stepped down as director of PFA German Real Estate Low II ApS.
PFA German Real Estate Low II ApS has published its annual report for 2021. Revenue came to DKK 23,402,000, and the net result was DKK 62,321,000.
PFA German Real Estate Low II ApS has published its annual report for 2020. Revenue came to DKK 18,936,000, and the net result was DKK -6,631,000.
As of March 17, 2021, Henrik Nøhr Engelbrekt has joined the board of directors of PFA German Real Estate Low II ApS.
As of March 17, 2021, Mary Anne Nybro Ekberg has joined the board of directors of PFA German Real Estate Low II ApS.
As of March 17, 2021, Vibeke Bodi has left the board of directors of PFA German Real Estate Low II ApS.
As of March 17, 2021, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low II ApS.
As of March 17, 2021, Henrik Nøhr Engelbrekt is registered as director of PFA German Real Estate Low II ApS.
As of March 17, 2021, Pia Bastrup has stepped down as director of PFA German Real Estate Low II ApS.
PFA German Real Estate Low II 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 2 ApS to PFA German Real Estate Low II ApS.
As of August 6, 2018, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low II ApS.
As of August 6, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low II ApS.
As of August 2, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low II ApS.
As of August 2, 2018, Michael Bruhn has joined the board of directors of PFA German Real Estate Low II ApS.
As of August 2, 2018, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low II ApS.
As of August 2, 2018, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low II ApS.
As of August 2, 2018, Pia Bastrup is registered as director of PFA German Real Estate Low II 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 II ApS with an ownership share of 100%.
PFA German Real Estate Low II ApS was founded on August 2, 2018.

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