Owners, management and financials
CVR: 40844260
Secondary names: AffaldVarme Aarhus Energi A/S
Previous names: ApS KBUS 18 - 178, AffaldVarme Aarhus Energi ApS, AffaldVarme Aarhus Energi A/S
DKK 516,600,000
Revenue
Net result: DKK 52,840,000
Renosyd i/s (20-24,99%), Kredsløb Holding A/S (66,66-89,99%)
CVR · view owners
Bjarne Munk Jensen, Henrik Dan Hillebrandt Müller
Board: Thomas John Rand (chair) and 4 members
CVR · view management
Active
Founded 1 October 2019
CVR · view overview
0 employees
Annual report 2025 · average
Director role ended: Thomas Elgaard Jensen
CVR · 01/03/2023
View the full event history
Kredsløb Affaldsenergi A/S is a Danish company of the type Aktieselskab based in Aarhus N, founded in 2019. The company is registered under the industry Energiudnyttelse af affald. The company was previously named AffaldVarme Aarhus Energi A/S and AffaldVarme Aarhus Energi ApS. The management consists of Bjarne Munk Jensen and Henrik Dan Hillebrandt Müller. The board consists of Thomas John Rand (chair), Andreas Tang-Brock, Jakob Søgaard Clausen and Laura Hay Uggla. The company is owned by Renosyd i/s and Kredsløb Holding A/S. According to the 2025 annual report, the company had an average of 0 employees. In 2025, the company reported revenue of DKK 516,600,000 and a net result of DKK 52,840,000 compared with DKK 100,058,000 the year before. Equity in the 2025 report amounted to DKK 277,410,000.
Source: annual report 2025, Danish Business Authority
Kredsløb Affaldsenergi A/S demonstrates a solid financial trajectory with consistent revenue growth, increasing from 285.2 million DKK in 2021 to 516.6 million DKK in 2025. Profitability has fluctuated, peaking at 100.1 million DKK in 2024, but has shown a decline to 52.8 million DKK in 2025. The company's equity has significantly improved, rising to 277.4 million DKK, indicating a strong capital position. However, the variability in profit margins raises concerns about operational efficiency. Overall, Kredsløb holds a growing position within the waste-to-energy sector, reflecting the increasing demand for sustainable energy solutions.
AI-generated summary · Generated 17/06/2026
Selskabets formål er at producere varme og el ved udnyttelse af affald og varetage dermed beslægtede aktiviteter. Selskabet skal drive effektiv forsyningsvirksomhed, som fremmer samfundsøkonomisk og miljøvenlig anvendelse af energi, høj forsyningssikkerhed og grøn omstilling.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 516.6 mio. | 52.8 mio. | 1.2 mia. | 277.4 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 474.2 mio. | 100.1 mio. | 893.3 mio. | 221.8 mio. | 0 | |
| 202301/01/2023 – 31/12/2023 | 409.2 mio. | 0 | 960.4 mio. | 121.1 mio. | - | |
| 202201/01/2022 – 31/12/2022 | 402.3 mio. | 67.9 mio. | 1.1 mia. | 137.2 mio. | - | |
| 202101/01/2021 – 31/12/2021 | 285.2 mio. | 0 | 820.5 mio. | 97.7 mio. | - |
Compared to 32 companies in Energiudnyttelse af affald
Comparison is based on industry median values
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4 properties
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See an example report (PDF)4 public tenders won
Sources: TED (the EU tender database) and udbud.dk
1 public tender issued
Sources: TED (the EU tender database) and udbud.dk
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Try the lead list generatorThe CVR number of Kredsløb Affaldsenergi A/S is 40844260.
Kredsløb Affaldsenergi A/S is owned by Renosyd i/s and Kredsløb Holding A/S.
The management of Kredsløb Affaldsenergi A/S consists of Bjarne Munk Jensen and Henrik Dan Hillebrandt Müller.
The board of Kredsløb Affaldsenergi A/S consists of Thomas John Rand, Andreas Tang-Brock and Jakob Søgaard Clausen, with Thomas John Rand as chair.
In 2025, Kredsløb Affaldsenergi A/S reported revenue of DKK 516,600,000.
Kredsløb Affaldsenergi A/S had an average of 0 employees in the 2025 financial year according to the annual report.
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Kredsløb Affaldsenergi A/S has published its annual report for 2025. Revenue came to DKK 516,600,000, and the net result was DKK 52,840,000.
Contact info changed: new email: [email protected], new website: www.kredslob.dk (March 19, 2026).
As of March 6, 2026, Andreas Tang-Brock has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of March 6, 2026, Laura Hay Uggla has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of March 6, 2026, Theis Rubinke Sørensen has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of March 6, 2026, Kresten Toksvig Bjerre has left the board of directors of Kredsløb Affaldsenergi A/S.
As of March 6, 2026, Jesper Arbo Frederiksen has left the board of directors of Kredsløb Affaldsenergi A/S.
Contact info changed: new email: [email protected], new website: www.kredslob.dk (February 5, 2026).
As of January 30, 2026, Mikael Andreas Holm Geday has left the board of directors of Kredsløb Affaldsenergi A/S.
Kredsløb Affaldsenergi A/S has published its annual report for 2024. Revenue came to DKK 474,158,000, and the net result was DKK 100,058,000.
As of June 10, 2025, Jakob Søgaard Clausen has joined the board of directors of Kredsløb Affaldsenergi A/S.
Kredsløb Affaldsenergi A/S has won the tender "Udbud af behandling af Aarhus Kommunes forbrændingsegnede affald" issued by Aarhus Kommune worth 106,559,100 DKK.
As of March 31, 2025, Line Markert Christensen has left the board of directors of Kredsløb Affaldsenergi A/S.
Kredsløb Affaldsenergi A/S has won the tender "Udbud af afsætning af forbrændingsegnet affald" issued by SILKEBORG FORSYNING A/S worth 42,400,000 DKK.
Kredsløb Affaldsenergi A/S has won the tender "Udbud på modtagelse og behandling af forbrændingsegnet affald for Renosyd I/S" issued by Renosyd I/S worth 34,000,000 DKK.
Kredsløb Affaldsenergi A/S has won the tender "Afsætning af forbrændingsegnet affald fra Reno Djurs" issued by Reno Djurs I/S worth 39,180,000 DKK.
Kredsløb Affaldsenergi A/S has published its annual report for 2023. Revenue came to DKK 409,223,000, and the net result was DKK 0.
Kredsløb Affaldsenergi A/S has published its annual report for 2022. Revenue came to DKK 402,312,000, and the net result was DKK 67,909,000.
As of March 1, 2023, Henrik Dan Hillebrandt Müller is registered as director of Kredsløb Affaldsenergi A/S.
As of March 1, 2023, Thomas Elgaard Jensen has stepped down as director of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Thomas John Rand has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Kresten Toksvig Bjerre has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Mikael Andreas Holm Geday has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Line Markert Christensen has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Jesper Arbo Frederiksen has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Bjarne Munk Jensen has left the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Lone Paulsen has left the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Elsebeth Arendt has left the board of directors of Kredsløb Affaldsenergi A/S.
As of December 31, 2022, Renosyd i/s is registered as an owner of Kredsløb Affaldsenergi A/S with an ownership share of 20%.
As of December 31, 2022, Kredsløb Holding A/S is registered as an owner of Kredsløb Affaldsenergi A/S with an ownership share of 66%.
Kredsløb Affaldsenergi A/S has published its annual report for 2021. Revenue came to DKK 285,164,000, and the net result was DKK 0.
As of May 1, 2022, Thomas Elgaard Jensen is registered as director of Kredsløb Affaldsenergi A/S.
As of May 1, 2022, Bjarne Munk Jensen is registered as adm. dir. of Kredsløb Affaldsenergi A/S.
As of April 30, 2022, Bjarne Munk Jensen has stepped down as director of Kredsløb Affaldsenergi A/S.
On November 19, 2021, the company changed its name from AffaldVarme Aarhus Energi A/S to Kredsløb Affaldsenergi A/S.
Kredsløb Affaldsenergi A/S has published its interim report for the period October 1, 2019 – December 31, 2020.
As of September 19, 2020, Bjarne Munk Jensen has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of September 19, 2020, Lone Paulsen has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of September 19, 2020, Elsebeth Arendt has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of September 19, 2020, Christian Andersen-Mølgaard has left the board of directors of Kredsløb Affaldsenergi A/S.
As of September 19, 2020, Henrik Seiding has left the board of directors of Kredsløb Affaldsenergi A/S.
As of September 19, 2020, Peter Pedersen has left the board of directors of Kredsløb Affaldsenergi A/S.
As of November 22, 2019, Christian Andersen-Mølgaard has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of November 22, 2019, Henrik Seiding has joined the board of directors of Kredsløb Affaldsenergi A/S.
As of November 22, 2019, Peter Pedersen has joined the board of directors of Kredsløb Affaldsenergi A/S.
On November 22, 2019, the company changed its name from AffaldVarme Aarhus Energi ApS to AffaldVarme Aarhus Energi A/S.
As of October 23, 2019, EY Godkendt Revisionspartnerselskab has been appointed auditor of Kredsløb Affaldsenergi A/S.
As of October 23, 2019, Bjarne Munk Jensen is registered as director of Kredsløb Affaldsenergi A/S.
As of October 23, 2019, Peter Andreas Stakemann has stepped down as director of Kredsløb Affaldsenergi A/S.
On October 23, 2019, the company changed its name from ApS KBUS 18 - 178 to AffaldVarme Aarhus Energi ApS.
As of October 1, 2019, Peter Andreas Stakemann is registered as director of Kredsløb Affaldsenergi A/S.
Kredsløb Affaldsenergi A/S was founded on October 1, 2019.
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