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Kredsløb A/S

CVR: 40844244

Growing 11% p.a.Large companyEstablished (6 yrs)Breakeven

Secondary names: AffaldVarme Aarhus A/S

Previous names: ApS KBUS 18 - 177, AffaldVarme Aarhus ApS, AffaldVarme Aarhus A/S

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About Kredsløb A/S

Kredsløb A/S is a Danish company of the type Aktieselskab based in Brabrand, founded in 2019. The company is registered under the industry Fjernvarmeforsyning. The company was previously named AffaldVarme Aarhus A/S and AffaldVarme Aarhus ApS. The management consists of Thomas Elgaard Jensen and Bjarne Munk Jensen. The company is owned by Kredsløb Holding A/S. In 2025, the company reported revenue of DKK 427,900,000 and a net result of DKK 0 compared with DKK 0 the year before. Equity amounted to DKK 412,000.

Kredsløb A/S exhibits a stable revenue trajectory within the district heating industry, with revenues increasing from 285.2 million DKK in 2021 to 427.9 million DKK in 2025. However, the company has not reported any profits during this period, raising concerns about its profitability and operational efficiency. Equity remains low at 412,000 DKK, suggesting potential vulnerability to financial pressures. Overall, while revenue growth is a positive indicator, the lack of profitability and minimal equity could pose challenges for future sustainability and competitiveness in the market.

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Overview

Company type
A/S
Aktieselskab
Address
Karen Blixens Boulevard 7, 8220 Brabrand
AARHUS
8220 Brabrand
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Founded
1.10.2019

Details

Industry
Fjernvarmeforsyning
Code: 353000
Secondary industries
Energiudnyttelse af affald (382200)
Anden nyttiggørelse af affald (382300)
Indsamling af ikke-farligt affald (381100)
Capital
410.000 kr.

Purpose

Selskabets formål er at varetage serviceaktiviteter, herunder at levere administrations- og driftsydelser og dermed beslægtede aktiviteter, til forsyningsselskaber, som er direkte eller indirekte ejet af Aarhus Kommune eller har indgået aftale herom med et af Aarhus Kommunes direkte eller indirekte ejet forsyningsselskab. Selskabet skal drive effektiv servicevirksomhed, der i videst muligt omfang understøtter effektiv forsyningsvirksomhed, som fremmer samfundsøkonomisk og miljøvenlig anvendelse af energi, høj forsyningssikkerhed og grøn omstilling.

Location

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Financials

YearRevenueProfit/LossTotal AssetsEquityEmployeesReport
2025427.9 mio.0355.1 mio.412 t.515
2024441.1 mio.0220.3 mio.412 t.493
2023399.1 mio.0376.2 mio.412 t.473
2022325.3 mio.0397.7 mio.412 t.367
2021285.2 mio.0325.6 mio.412 t.384

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Industry Benchmarks

View industry report

Compared to 119 companies in Fjernvarmeforsyning

Revenue
Company427.9 mio.
Industry median26.2 mio.
16.3x
Profit margin
Company0.0%
Industry median12.0%
100% below
Employees
Company515
Industry median5
103.0x
Equity ratio
Company0.1%
Industry median12.0%
103.4x below

Comparison is based on industry median values

Ownership

Owners
Kredsløb Holding A/S
CVR: 40831851
100%
Kredsløb A/S
CVR: 40844244

Tenders as contracting authority

25 public tenders issued

Udbud med forhandling vedrørende kontrakt om levering, implementering, drift, vedligeholdelse og support af enterprise ressource planning (ERP) system til Kredsløb A/S
29/05/202656.108.487 kr.
Kvalifikationsordning - Entrepriseydelser ifm. etablering af industrielle og tekniske bygninger for/til Kredsløb
21/05/2026
Light-udbud af advokatydelser til Kredsløb-koncernen
25/03/202624.000.000 kr.
EU-udbud vedr. levering og montering af vekslerplader til pladevarmevekslere til Kredsløb
09/12/202573.880.000 kr.
EU-udbud vedr. levering af alment smedearbejde til Kredsløb
24/11/202562.463.688 kr.
EU-udbud vedr. levering af kloakservice til Kredsløb
20/10/202528.812.000 kr.
EU-udbud vedr. levering af affaldssystemer til nedgravning
24/09/2025102.189.720 kr.
Bekendtgørelse om indgået kontrakt - Indkøb af All risks forsikring, bygning, løsøre, maskinkasko til Kredsløb A/S
18/03/202527.508.605 kr.
Bekendtgørelse om indgået kontrakt - Indkøb af motorkøretøjsforsikring til Kredsløb A/S
17/12/20242.617.905 kr.
Levering af bygherrerådgivning samt teknisk rådgivning og bistand (rådgiverydelser) til Kredsløb-koncernen
21/10/2024175.000.000 kr.

Showing 10 of 25 contracts

Sources: TED (the EU tender database) and udbud.dk

Properties

(3)

3 properties

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Property report (PDF)

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Management

Directors

Bjarne Munk Jensen(ADM. DIR.)
Thomas Elgaard Jensen(DIREKTØR)

Board

Thomas John Rand(FORMAND)
Matilde Kirstine Bræmer Dueholm(NÆSTFORMAND)
Christian Brinkmann Damsgaard(BESTYRELSESMEDLEM)
Hanne Tokkesdal Jensen(BESTYRELSESMEDLEM)
Jakob Søgaard Clausen(BESTYRELSESMEDLEM)
Jens Rishøj Skov(BESTYRELSESMEDLEM)
Laura Hay Uggla(BESTYRELSESMEDLEM)
Lejla Mesanovic(BESTYRELSESMEDLEM)
Mohat Bashir Yussuf(BESTYRELSESMEDLEM)
Søren Adamsen(BESTYRELSESMEDLEM)
Trine Lindegaard Holmberg(BESTYRELSESMEDLEM)

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Founders

ApS KBUS 38 nr.3117

Production units (22)

Kredsløb A/S
P-no: 1025109658
Karen Blixens Boulevard 7, 8220, Brabrand
Fjernvarmeforsyning
384 employees
Affaldsenergi
P-no: 1025300706
Energivej 26, 8200, Aarhus N
Energiudnyttelse af affald
Beholderservice
P-no: 1028237223
Energivej 11, 8200, Aarhus N
Reparation og vedligeholdelse af andet udstyr
Cirkulære Råstoffer
P-no: 1025297926
Energivej 26, 8200, Aarhus N
Anden nyttiggørelse af affald
Farligt Affald
P-no: 1025297985
Energivej 52, 8200, Aarhus N
Indsamling af farligt affald

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History

55 events
2026
Søren Adamsen joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Søren Adamsen has joined the board of directors of Kredsløb A/S.

Thomas John Rand joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Thomas John Rand has joined the board of directors of Kredsløb A/S.

Jakob Søgaard Clausen joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Jakob Søgaard Clausen has joined the board of directors of Kredsløb A/S.

Laura Hay Uggla joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Laura Hay Uggla has joined the board of directors of Kredsløb A/S.

Trine Lindegaard Holmberg joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Trine Lindegaard Holmberg has joined the board of directors of Kredsløb A/S.

Mohat Bashir Yussuf joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Mohat Bashir Yussuf has joined the board of directors of Kredsløb A/S.

Matilde Kirstine Bræmer Dueholm joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Matilde Kirstine Bræmer Dueholm has joined the board of directors of Kredsløb A/S.

Christian Brinkmann Damsgaard joins the board of Kredsløb A/SJun 17, 2026

As of June 17, 2026, Christian Brinkmann Damsgaard has joined the board of directors of Kredsløb A/S.

Kredsløb A/S: The 2025 annual report is outJun 16, 2026

Kredsløb A/S has published its annual report for 2025. Revenue came to DKK 427,900,000, and the net result was DKK 0.

Carsten Niclas Kvernrød leaves the board of Kredsløb A/SJun 16, 2026

As of June 16, 2026, Carsten Niclas Kvernrød has left the board of directors of Kredsløb A/S.

Thomas Elgaard Jensen leaves the board of Kredsløb A/SJun 16, 2026

As of June 16, 2026, Thomas Elgaard Jensen has left the board of directors of Kredsløb A/S.

Bjarne Munk Jensen leaves the board of Kredsløb A/SJun 16, 2026

As of June 16, 2026, Bjarne Munk Jensen has left the board of directors of Kredsløb A/S.

Lisbeth Hjortborg Jensen leaves the board of Kredsløb A/SJun 16, 2026

As of June 16, 2026, Lisbeth Hjortborg Jensen has left the board of directors of Kredsløb A/S.

Lejla Mesanovic joins the board of Kredsløb A/SMar 5, 2026

As of March 5, 2026, Lejla Mesanovic has joined the board of directors of Kredsløb A/S.

Tom Ellegaard leaves the board of Kredsløb A/SMar 5, 2026

As of March 5, 2026, Tom Ellegaard has left the board of directors of Kredsløb A/S.

Kim Kristen Nørskov Beyer leaves the board of Kredsløb A/SMar 5, 2026

As of March 5, 2026, Kim Kristen Nørskov Beyer has left the board of directors of Kredsløb A/S.

2025
Kredsløb A/S: The 2024 annual report is outJun 12, 2025

Kredsløb A/S has published its annual report for 2024. Revenue came to DKK 441,097,000, and the net result was DKK 0.

2024
Lisbeth Hjortborg Jensen joins the board of Kredsløb A/SSep 3, 2024

As of September 3, 2024, Lisbeth Hjortborg Jensen has joined the board of directors of Kredsløb A/S.

Lone Paulsen leaves the board of Kredsløb A/SSep 3, 2024

As of September 3, 2024, Lone Paulsen has left the board of directors of Kredsløb A/S.

Kredsløb A/S: The 2023 annual report is outJun 10, 2024

Kredsløb A/S has published its annual report for 2023. Revenue came to DKK 399,116,000, and the net result was DKK 0.

2023
Kredsløb A/S: The 2022 annual report is outMay 25, 2023

Kredsløb A/S has published its annual report for 2022. Revenue came to DKK 325,345,000, and the net result was DKK 0.

Carsten Niclas Kvernrød joins the board of Kredsløb A/SFeb 3, 2023

As of February 3, 2023, Carsten Niclas Kvernrød has joined the board of directors of Kredsløb A/S.

Lene van der Raad leaves the board of Kredsløb A/SFeb 3, 2023

As of February 3, 2023, Lene van der Raad has left the board of directors of Kredsløb A/S.

2022
Kredsløb A/S: The 2021 annual report is outJun 8, 2022

Kredsløb A/S has published its annual report for 2021. Revenue came to DKK 285,248,000, and the net result was DKK 0.

Thomas Elgaard Jensen joins the board of Kredsløb A/SMay 18, 2022

As of May 18, 2022, Thomas Elgaard Jensen has joined the board of directors of Kredsløb A/S.

Thomas Elgaard Jensen joins Kredsløb A/S as directorMay 1, 2022

As of May 1, 2022, Thomas Elgaard Jensen is registered as director of Kredsløb A/S.

Bjarne Munk Jensen joins Kredsløb A/S as adm. dir.May 1, 2022

As of May 1, 2022, Bjarne Munk Jensen is registered as adm. dir. of Kredsløb A/S.

Bjarne Munk Jensen steps down as director of Kredsløb A/SApr 30, 2022

As of April 30, 2022, Bjarne Munk Jensen has stepped down as director of Kredsløb A/S.

Lene van der Raad joins the board of Kredsløb A/SApr 1, 2022

As of April 1, 2022, Lene van der Raad has joined the board of directors of Kredsløb A/S.

Lars Gjørtz Hougaard leaves the board of Kredsløb A/SApr 1, 2022

As of April 1, 2022, Lars Gjørtz Hougaard has left the board of directors of Kredsløb A/S.

Kim Lorentzen leaves the board of Kredsløb A/SJan 31, 2022

As of January 31, 2022, Kim Lorentzen has left the board of directors of Kredsløb A/S.

2021
AffaldVarme Aarhus A/S changes name to Kredsløb A/SNov 19, 2021

On November 19, 2021, the company changed its name from AffaldVarme Aarhus A/S to Kredsløb A/S.

Kredsløb A/S publishes interim reportAug 16, 2021

Kredsløb A/S has published its interim report for the period October 1, 2019 – December 31, 2020.

2020
Tom Ellegaard joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Tom Ellegaard has joined the board of directors of Kredsløb A/S.

Bjarne Munk Jensen joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Bjarne Munk Jensen has joined the board of directors of Kredsløb A/S.

Jens Rishøj Skov joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Jens Rishøj Skov has joined the board of directors of Kredsløb A/S.

Lone Paulsen joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Lone Paulsen has joined the board of directors of Kredsløb A/S.

Hanne Tokkesdal Jensen joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Hanne Tokkesdal Jensen has joined the board of directors of Kredsløb A/S.

Kim Kristen Nørskov Beyer joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Kim Kristen Nørskov Beyer has joined the board of directors of Kredsløb A/S.

Kim Lorentzen joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Kim Lorentzen has joined the board of directors of Kredsløb A/S.

Lars Gjørtz Hougaard joins the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Lars Gjørtz Hougaard has joined the board of directors of Kredsløb A/S.

Christian Andersen-Mølgaard leaves the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Christian Andersen-Mølgaard has left the board of directors of Kredsløb A/S.

Henrik Seiding leaves the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Henrik Seiding has left the board of directors of Kredsløb A/S.

Peter Pedersen leaves the board of Kredsløb A/SSep 19, 2020

As of September 19, 2020, Peter Pedersen has left the board of directors of Kredsløb A/S.

2019
Kredsløb Holding A/S registered as owner of Kredsløb A/SDec 31, 2019

As of December 31, 2019, Kredsløb Holding A/S is registered as an owner of Kredsløb A/S with an ownership share of 100%.

Christian Andersen-Mølgaard joins the board of Kredsløb A/SNov 22, 2019

As of November 22, 2019, Christian Andersen-Mølgaard has joined the board of directors of Kredsløb A/S.

Henrik Seiding joins the board of Kredsløb A/SNov 22, 2019

As of November 22, 2019, Henrik Seiding has joined the board of directors of Kredsløb A/S.

Peter Pedersen joins the board of Kredsløb A/SNov 22, 2019

As of November 22, 2019, Peter Pedersen has joined the board of directors of Kredsløb A/S.

AffaldVarme Aarhus ApS changes name to AffaldVarme Aarhus A/SNov 22, 2019

On November 22, 2019, the company changed its name from AffaldVarme Aarhus ApS to AffaldVarme Aarhus A/S.

Kredsløb A/S appoints new auditorOct 23, 2019

As of October 23, 2019, EY Godkendt Revisionspartnerselskab has been appointed auditor of Kredsløb A/S.

Bjarne Munk Jensen joins Kredsløb A/S as directorOct 23, 2019

As of October 23, 2019, Bjarne Munk Jensen is registered as director of Kredsløb A/S.

Peter Andreas Stakemann steps down as director of Kredsløb A/SOct 23, 2019

As of October 23, 2019, Peter Andreas Stakemann has stepped down as director of Kredsløb A/S.

ApS KBUS 18 - 177 changes name to AffaldVarme Aarhus ApSOct 23, 2019

On October 23, 2019, the company changed its name from ApS KBUS 18 - 177 to AffaldVarme Aarhus ApS.

Peter Andreas Stakemann joins Kredsløb A/S as directorOct 1, 2019

As of October 1, 2019, Peter Andreas Stakemann is registered as director of Kredsløb A/S.

Kredsløb A/S is foundedOct 1, 2019

Kredsløb A/S was founded on October 1, 2019.

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