Owners, management and financials
CVR: 39756633
Previous names: PFA Global PropCo 3 ApS
DKK 21,193,717
Revenue
Net result: DKK -6,645,912
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 III 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 3 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 21,193,717 and a net result of DKK -6,645,912 compared with DKK 676,390 the year before. Equity in the 2025 report amounted to DKK 53,962,799.
Source: annual report 2025, Danish Business Authority
The financial health of PFA German Real Estate Low III ApS appears to be declining, with significant fluctuations in profitability over the past few years. Revenue increased from 17.9 million DKK in 2023 to 21.2 million DKK in 2025, but the company reported a substantial loss of 6.6 million DKK in 2025, following a profit of 676,390 DKK in 2024. Equity has decreased notably from 200.8 million DKK in 2022 to 53.9 million DKK in 2025, raising concerns about the company's financial stability and ability to sustain operations. The company's position within the real estate industry may be challenged by these financial inconsistencies and a deteriorating equity base.
AI-generated summary · Generated 20/03/2026
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 | 21.2 mio. | -6.6 mio. | 529.6 mio. | 54 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 19.7 mio. | 676 t. | 549.7 mio. | 75.6 mio. | - | |
| 202301/01/2023 – 31/12/2023 | 17.9 mio. | -104.4 mio. | 548.4 mio. | 96.5 mio. | - | |
| 202201/01/2022 – 31/12/2022 | - | -2 mio. | 668.9 mio. | 200.8 mio. | 0 | |
| 202101/01/2021 – 31/12/2021 | 18.7 mio. | 57.4 mio. | 692.2 mio. | 202.4 mio. | 0 | |
| 202001/01/2020 – 31/12/2020 | 16.8 mio. | -334 t. | 629.7 mio. | 145.1 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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See the API documentationThe CVR number of PFA German Real Estate Low III ApS is 39756633.
PFA German Real Estate Low III ApS is owned by PFA Europe Real Estate Low II A/S.
The management of PFA German Real Estate Low III ApS consists of Michael Hansen.
The board of PFA German Real Estate Low III ApS consists of Peter Kenneth Morgan, Michael Hansen and Vibeke Bodi, with Peter Kenneth Morgan as chair.
In 2025, PFA German Real Estate Low III ApS reported revenue of DKK 21,193,717.
PFA German Real Estate Low III 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 III ApS has published its annual report for 2025. Revenue came to DKK 21,193,717, and the net result was DKK -6,645,912.
PFA German Real Estate Low III ApS has published its annual report for 2024. Revenue came to DKK 19,708,592, and the net result was DKK 676,390.
PFA German Real Estate Low III ApS has published its annual report for 2023. Revenue came to DKK 17,935,365, and the net result was DKK -104,400,506.
As of March 5, 2024, EY Godkendt Revisionspartnerselskab has been appointed auditor of PFA German Real Estate Low III ApS.
As of March 5, 2024, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low III ApS.
As of December 1, 2023, Peter Kenneth Morgan has joined the board of directors of PFA German Real Estate Low III ApS.
As of December 1, 2023, Michael Hansen has joined the board of directors of PFA German Real Estate Low III ApS.
As of December 1, 2023, Michael Bruhn has left the board of directors of PFA German Real Estate Low III ApS.
As of December 1, 2023, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low III ApS.
As of December 1, 2023, Michael Hansen is registered as director of PFA German Real Estate Low III ApS.
As of December 1, 2023, Mikael Arne Fogemann has stepped down as director of PFA German Real Estate Low III ApS.
As of May 17, 2023, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low III ApS.
As of May 17, 2023, Mary Anne Nybro Ekberg has left the board of directors of PFA German Real Estate Low III ApS.
PFA German Real Estate Low III ApS has published its annual report for 2022. The net result was DKK -2,003,000.
As of February 1, 2023, Mikael Arne Fogemann is registered as director of PFA German Real Estate Low III ApS.
As of February 1, 2023, Jakob Kær Bille Krogh Nielsen has stepped down as director of PFA German Real Estate Low III ApS.
As of May 24, 2022, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low III ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has left the board of directors of PFA German Real Estate Low III ApS.
As of May 24, 2022, Jakob Kær Bille Krogh Nielsen is registered as director of PFA German Real Estate Low III ApS.
As of May 24, 2022, Henrik Nøhr Engelbrekt has stepped down as director of PFA German Real Estate Low III ApS.
PFA German Real Estate Low III ApS has published its annual report for 2021. Revenue came to DKK 18,691,000, and the net result was DKK 57,444,000.
PFA German Real Estate Low III ApS has published its annual report for 2020. Revenue came to DKK 16,753,000, and the net result was DKK -334,000.
As of March 17, 2021, Henrik Nøhr Engelbrekt has joined the board of directors of PFA German Real Estate Low III ApS.
As of March 17, 2021, Mary Anne Nybro Ekberg has joined the board of directors of PFA German Real Estate Low III ApS.
As of March 17, 2021, Vibeke Bodi has left the board of directors of PFA German Real Estate Low III ApS.
As of March 17, 2021, Mikael Arne Fogemann has left the board of directors of PFA German Real Estate Low III ApS.
As of March 17, 2021, Henrik Nøhr Engelbrekt is registered as director of PFA German Real Estate Low III ApS.
As of March 17, 2021, Pia Bastrup has stepped down as director of PFA German Real Estate Low III ApS.
PFA German Real Estate Low III 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 3 ApS to PFA German Real Estate Low III ApS.
As of August 6, 2018, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low III ApS.
As of August 6, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PFA German Real Estate Low III ApS.
As of August 2, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PFA German Real Estate Low III ApS.
As of August 2, 2018, Michael Bruhn has joined the board of directors of PFA German Real Estate Low III ApS.
As of August 2, 2018, Vibeke Bodi has joined the board of directors of PFA German Real Estate Low III ApS.
As of August 2, 2018, Mikael Arne Fogemann has joined the board of directors of PFA German Real Estate Low III ApS.
As of August 2, 2018, Pia Bastrup is registered as director of PFA German Real Estate Low III 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 III ApS with an ownership share of 100%.
PFA German Real Estate Low III ApS was founded on August 2, 2018.

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