Owners, management and financials
CVR: 40844309
Secondary names: AffaldVarme Aarhus Fjernvarme A/S
Previous names: ApS KBUS 18 - 180, AffaldVarme Aarhus Fjernvarme ApS, AffaldVarme Aarhus Fjernvarme A/S
DKK 1,639,146,000
Revenue
Net result: DKK 0
Kredsløb Holding A/S (100%)
CVR · view owners
Bjarne Munk Jensen, Thomas Elgaard Jensen
Board: Thomas John Rand (chair) and 10 members
CVR · view management
Active
Founded 1 October 2019
CVR · view overview
0 employees
Annual report 2025 · average
Director registered: Thomas Elgaard Jensen
CVR · 01/05/2022
View the full event history
Kredsløb Fjernvarme 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 Fjernvarme A/S and AffaldVarme Aarhus Fjernvarme ApS. The management consists of Bjarne Munk Jensen and Thomas Elgaard Jensen. The board consists of Thomas John Rand (chair), Matilde Kirstine Bræmer Dueholm, Christian Brinkmann Damsgaard and Hanne Tokkesdal Jensen. The company is owned by 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 1,639,146,000 and a net result of DKK 0 compared with DKK 0 the year before. Equity in the 2025 report amounted to DKK 15,667,000.
Source: annual report 2025, Danish Business Authority
Kredsløb Fjernvarme A/S demonstrates a stable revenue trajectory within the district heating industry, with revenue increasing from 1,283 million DKK in 2021 to 1,639 million DKK in 2025. Despite consistent revenue growth, the company has not reported profits over the observed years, which raises concerns regarding its profitability and operational efficiency. Equity remains unchanged at 15.67 million DKK, suggesting limited financial leverage and potential challenges in scaling operations. Overall, while the company is positioned as a stable player in the fjernvarmeforsyning sector, its lack of profitability and stagnant equity could hinder future growth prospects.
AI-generated summary · Generated 17/06/2026
Selskabets formål er at varetage varmedistributionsaktiviteter og 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 | 1.6 mia. | 0 | 5 mia. | 15.7 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 1.7 mia. | 0 | 5 mia. | 15.7 mio. | 0 | |
| 202301/01/2023 – 31/12/2023 | 1.5 mia. | 0 | 5 mia. | 15.7 mio. | - | |
| 202201/01/2022 – 31/12/2022 | 1.4 mia. | 0 | 5 mia. | 15.7 mio. | - | |
| 202101/01/2021 – 31/12/2021 | 1.3 mia. | 0 | 5.3 mia. | 15.7 mio. | - |
Compared to 119 companies in Fjernvarmeforsyning
Comparison is based on industry median values
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Try company screeningThe CVR number of Kredsløb Fjernvarme A/S is 40844309.
Kredsløb Fjernvarme A/S is owned by Kredsløb Holding A/S.
The management of Kredsløb Fjernvarme A/S consists of Bjarne Munk Jensen and Thomas Elgaard Jensen.
The board of Kredsløb Fjernvarme A/S consists of Thomas John Rand, Matilde Kirstine Bræmer Dueholm and Christian Brinkmann Damsgaard, with Thomas John Rand as chair.
In 2025, Kredsløb Fjernvarme A/S reported revenue of DKK 1,639,146,000.
Kredsløb Fjernvarme A/S had an average of 0 employees in the 2025 financial year according to the annual report.
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As of June 17, 2026, Thomas John Rand has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Søren Adamsen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Jakob Søgaard Clausen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Laura Hay Uggla has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Trine Lindegaard Holmberg has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Jens Rishøj Skov has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Hanne Tokkesdal Jensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Mohat Bashir Yussuf has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Matilde Kirstine Bræmer Dueholm has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Lejla Mesanovic has joined the board of directors of Kredsløb Fjernvarme A/S.
As of June 17, 2026, Christian Brinkmann Damsgaard has joined the board of directors of Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S has published its annual report for 2025. Revenue came to DKK 1,639,146,000, and the net result was DKK 0.
As of June 16, 2026, Bjarne Munk Jensen has left the board of directors of Kredsløb Fjernvarme A/S.
As of June 16, 2026, Lasse Sørensen has left the board of directors of Kredsløb Fjernvarme A/S.
As of June 16, 2026, Lisbeth Hjortborg Jensen has left the board of directors of Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S has published its annual report for 2024. Revenue came to DKK 1,650,503,000, and the net result was DKK 0.
As of September 3, 2024, Lasse Sørensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of September 3, 2024, Lisbeth Hjortborg Jensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of September 3, 2024, Lone Paulsen has left the board of directors of Kredsløb Fjernvarme A/S.
As of September 2, 2024, Lasse Sørensen has left the board of directors of Kredsløb Fjernvarme A/S.
As of August 23, 2024, Lone Paulsen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of August 23, 2024, Lasse Sørensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of August 22, 2024, Lone Paulsen has left the board of directors of Kredsløb Fjernvarme A/S.
As of August 22, 2024, Lasse Sørensen has left the board of directors of Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S has published its annual report for 2023. Revenue came to DKK 1,518,309,000, and the net result was DKK 0.
Kredsløb Fjernvarme A/S has published its annual report for 2022. Revenue came to DKK 1,361,892,000, and the net result was DKK 0.
As of February 3, 2023, Lasse Sørensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of February 3, 2023, Lene van der Raad has left the board of directors of Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S has published its annual report for 2021. Revenue came to DKK 1,283,046,000, and the net result was DKK 0.
As of May 1, 2022, Thomas Elgaard Jensen is registered as director of Kredsløb Fjernvarme A/S.
As of May 1, 2022, Bjarne Munk Jensen is registered as adm. dir. of Kredsløb Fjernvarme A/S.
As of April 30, 2022, Bjarne Munk Jensen has stepped down as director of Kredsløb Fjernvarme A/S.
On November 19, 2021, the company changed its name from AffaldVarme Aarhus Fjernvarme A/S to Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S has published its interim report for the period October 1, 2019 to December 31, 2020.
As of September 19, 2020, Lene van der Raad has joined the board of directors of Kredsløb Fjernvarme A/S.
As of September 19, 2020, Bjarne Munk Jensen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of September 19, 2020, Lone Paulsen has joined the board of directors of Kredsløb Fjernvarme A/S.
As of September 19, 2020, Christian Andersen-Mølgaard has left the board of directors of Kredsløb Fjernvarme A/S.
As of September 19, 2020, Henrik Seiding has left the board of directors of Kredsløb Fjernvarme A/S.
As of September 19, 2020, Peter Pedersen has left the board of directors of Kredsløb Fjernvarme A/S.
As of December 31, 2019, Kredsløb Holding A/S is registered as an owner of Kredsløb Fjernvarme A/S with an ownership share of 100%.
As of November 22, 2019, Christian Andersen-Mølgaard has joined the board of directors of Kredsløb Fjernvarme A/S.
As of November 22, 2019, Henrik Seiding has joined the board of directors of Kredsløb Fjernvarme A/S.
As of November 22, 2019, Peter Pedersen has joined the board of directors of Kredsløb Fjernvarme A/S.
On November 22, 2019, the company changed its name from AffaldVarme Aarhus Fjernvarme ApS to AffaldVarme Aarhus Fjernvarme A/S.
As of October 23, 2019, EY Godkendt Revisionspartnerselskab has been appointed auditor of Kredsløb Fjernvarme A/S.
As of October 23, 2019, Bjarne Munk Jensen is registered as director of Kredsløb Fjernvarme A/S.
As of October 23, 2019, Peter Andreas Stakemann has stepped down as director of Kredsløb Fjernvarme A/S.
On October 23, 2019, the company changed its name from ApS KBUS 18 - 180 to AffaldVarme Aarhus Fjernvarme ApS.
As of October 1, 2019, Peter Andreas Stakemann is registered as director of Kredsløb Fjernvarme A/S.
Kredsløb Fjernvarme A/S was founded on October 1, 2019.
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