Trailblaze A/S

Q: What is the CVR number of Trailblaze A/S?

Trailblaze A/S is registered with CVR / Virk under CVR 37057983.

Q: What is the gross profit of Trailblaze A/S?

Trailblaze A/S reported a gross profit of -DKK 28.8k in 2025.

Q: Who is the CEO of Trailblaze A/S?

Lars Brøndum Petersen is the CEO of Trailblaze A/S, in role since 2017.

Q: Who is the chairman of Trailblaze A/S?

Robert Anders Hjernberg chairs the board of Trailblaze A/S, in role since 2017.

Q: Where is Trailblaze A/S headquartered?

Trailblaze A/S's registered address is Præstegårdsvej 9.

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CVR 37057983Præstegårdsvej 9, 6534 AgerskovOther financial service activities, except insurance and pension funding n.e.c.· NACE 6499Est. 2015 · 11 years old— employeeshttps://www.trailblaze.dk

Overview

Trailblaze A/S is a Danish A/S based in Agerskov, operating in the Other financial service activities, except insurance and pension funding n.e.c. sector. Incorporated in 2015, the company reported a gross profit of -DKK 28.8k in its latest annual filing.

Gross profit 2025

-0M DKK

−46% vs 2024

EBITDA margin (of gross profit)

100.0 %

+46% vs 2024

Net profit 2025

-13.7M DKK

+63% vs 2024

Key ratios

See full ratios →

42.9 %

Weak

Among the 30% lowest rated companies in the industry

20212025

1.7×

Weak

Among the 40% lowest rated companies in the industry

20212025

-64.4 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	-0M DKK	-46%
EBITDA	-0M DKK	+46%
Net profit	-13.7M DKK	+63%
Total assets	21.2M DKK	-36%
Equity	9.1M DKK	-59%
Employees	—	—

Contact

Address

Præstegårdsvej 9, 6534 Agerskov

Phone

+45 5356 2754

LBroendum@orbiate.com

Website

https://www.trailblaze.dk

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), Trailblaze A/S reported a gross profit of -DKK 28.8k. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 13.7m.

At the end of 2025, equity financed 42.9% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	-29	-54	-17	-21	-15
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-29	-54	-17	-21	-15
Depreciation & amort.	-0	-0	-0	-0	-410
EBIT	-29	-54	-17	-21	-426
Net financials	-13,743	-37,135	-59,305	74,014	42,723
Profit before tax	-13,771	-37,189	-59,321	73,994	42,297
Tax	-114	-200	-0	-0	-0
Net profit	-13,657	-36,989	-59,321	73,994	42,297

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	21,220	33,317	69,615	130,179	46,740
Equity	9,094	22,251	59,240	118,561	46,568
Long-term debt	0	0	0	0	0
Short-term debt	12,126	11,066	10,375	11,618	172
Total debt	12,126	11,066	10,375	11,618	172

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20212025

Equity ratio

42.9 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Return on equity

-150.2 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Net profit margin (of gross profit)

<−999 %

20212025

Asset turnover (of gross profit)

-0.00×

20212025

Debt / equity

1.33×

Very weak

Among the 20% lowest rated companies in the industry

20212025

Sector performance

22 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very weak

Among the 10% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Strong

Among the 40% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioWeak

Among the 40% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioWeak

Among the 40% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery weak

Among the 20% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 10% lowest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery strong

Among the 10% highest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioAverage

Around the average of companies in the same industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 30% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 30% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery weak

Among the 20% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 20% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery weak

Among the 20% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 30% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 30% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery weak

Among the 20% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery weak

Among the 20% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
LB Lars Brøndum Petersen Chief Executive Officer	Chief Executive Officer	2017

Former (1)


MB Martin Bruun Jørgensen Ørnskov Chief Executive Officer	Chief Executive Officer	2015 – 2017

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
RA Robert Anders Hjernberg Chairman	Chairman	2017
IZ Izabela Zborowska Petersen Board of Directors	Board of Directors	2015
LB Lars Brøndum Petersen Board of Directors	Board of Directors	2017

Former (1)


MB Martin Bruun Jørgensen Ørnskov Board of Directors	Board of Directors	2015 – 2017

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
ORBIATE HOLDING ApS	Company	100%	100%	2017
ØRNSKOV M. ApS	Company	50–66.65%	50–66.65%	2015

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

ORBIATE HOLDING ApS100%

ØRNSKOV M. ApS50%

Trailblaze A/S (this company)

Ennogie Solar Group A/S15% owned

ENNOGIE ApS100% owned

Porteføljeselskab A/S100% owned

Board network connections

Board members of Trailblaze A/S also hold positions in 22 other companies.

Person	Role here	Other companies
Lars Brøndum Petersen	Chief Executive Officer	10 companiesMany roles
Martin Bruun Jørgensen Ørnskov	Chief Executive Officer	9 companiesMany roles
Robert Anders Hjernberg	Chairman	3 companies

Frequently asked questions

What is the CVR number of Trailblaze A/S?

Trailblaze A/S is registered with CVR / Virk under CVR 37057983.

What is the gross profit of Trailblaze A/S?

Trailblaze A/S reported a gross profit of -DKK 28.8k in 2025.

Who is the CEO of Trailblaze A/S?

Lars Brøndum Petersen is the CEO of Trailblaze A/S, in role since 2017.

Who is the chairman of Trailblaze A/S?

Robert Anders Hjernberg chairs the board of Trailblaze A/S, in role since 2017.

Where is Trailblaze A/S headquartered?

Trailblaze A/S's registered address is Præstegårdsvej 9.