# Companies with losses three years in a row in Aarhus

Canonical: https://staging.datapublica.dk/en/analyses/underskud-tre-aar-aarhus
Data snapshot: 2026-10-10 · build_a7ad137f038b0101c1bf
Analysis run: 2026-10-10
Matches: 24 · Showing: 10 · Page: 1

Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality.
Latest entity accounts in DKK, not consolidated accounts. Employees are the reporting-period average. Missing values are excluded from rankings of that metric.
Sorted by: latest net profit, lowest first · then name and company ID
Financial figures describe the stated reporting period. Revenue is not disclosed in every set of accounts. Geography describes the registered address, not local workplace counts.

## Companies

| Company | Net profit · DKK | Previous net profit · DKK | Third-latest net profit · DKK | First period start | Period end |
| --- | --- | --- | --- | --- | --- |
| [Frøstrup Solenergipark ApS](https://datapublica.dk/en/companies/42995282) · 42995282 | -17,714,932 | -386,691 | -5,179 | 2023-01-01 | 2025-12-31 |
| [ELIZA CHOKOLADE ApS](https://datapublica.dk/en/companies/28293682) · 28293682 | -10,177,875 | -11,557,204 | -12,543,204 | 2023-01-01 | 2025-12-31 |
| [Zupa A/S](https://datapublica.dk/en/companies/20643102) · 20643102 | -8,094,228 | -3,832,325 | -517,575 | 2022-07-01 | 2025-06-30 |
| [Unison Energy Partners ApS](https://datapublica.dk/en/companies/39971682) · 39971682 | -5,374,160 | -5,789,688 | -667,512 | 2023-01-01 | 2025-12-31 |
| [Get By ApS](https://datapublica.dk/en/companies/38902482) · 38902482 | -4,577,985 | -7,172,576 | -194,196 | 2023-01-01 | 2025-12-31 |
| [Blach Invest ApS](https://datapublica.dk/en/companies/37992682) · 37992682 | -2,257,418 | -1,912,435 | -1,297,009 | 2023-01-01 | 2025-12-31 |
| [Entreprenørfirmaet MBA ApS](https://datapublica.dk/en/companies/37779881) · 37779881 | -1,725,275 | -691,934 | -137,764 | 2022-07-01 | 2025-06-30 |
| [Køgevej A/S](https://datapublica.dk/en/companies/42552682) · 42552682 | -1,655,409 | -1,191,003 | -108,748 | 2023-01-01 | 2025-12-31 |
| [KARMARK ApS](https://datapublica.dk/en/companies/20975482) · 20975482 | -326,763 | -510,542 | -262,633 | 2022-10-01 | 2025-09-30 |
| [Nolivah Holding ApS](https://datapublica.dk/en/companies/40740082) · 40740082 | -318,624 | -74,659 | -17,177 | 2022-07-01 | 2025-06-30 |

## Evidence per company

### Frøstrup Solenergipark ApS · 42995282
- City: Aarhus N
- Registered address: Åbogade 15, 8200 Aarhus N
- Incorporated: 2022-01-12
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 1
- Operating profit · DKK: -7,921
- Net profit · DKK: -17,714,932
- Equity · DKK: -17,667,705
- Revenue · DKK: Not reported
- Previous net profit · DKK: -386,691
- Third-latest net profit · DKK: -5,179
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-44c532e1-f617-4174-b144-d37ce9fda2bd/aabogade-15-8200-aarhus-n)

### ELIZA CHOKOLADE ApS · 28293682
- City: Viby J
- Registered address: Jens Juuls Vej 40, 8260 Viby J
- Incorporated: 2004-12-10
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 46
- Operating profit · DKK: -10,064,258
- Net profit · DKK: -10,177,875
- Equity · DKK: -3,058,619
- Revenue · DKK: Not reported
- Previous net profit · DKK: -11,557,204
- Third-latest net profit · DKK: -12,543,204
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-5fd7d7c0-0a33-4564-9a1f-37bec5d8d4fb/jens-juuls-vej-40-8260-viby-j)

### Zupa A/S · 20643102
- City: Aarhus C
- Registered address: Studsgade 29, 8000 Aarhus C
- Incorporated: 1997-11-01
- Registry status: NORMAL
- Period start: 2024-07-01
- Period end: 2025-06-30
- Employees: 73
- Operating profit · DKK: -10,245,743
- Net profit · DKK: -8,094,228
- Equity · DKK: 10,213,551
- Revenue · DKK: Not reported
- Previous net profit · DKK: -3,832,325
- Third-latest net profit · DKK: -517,575
- First period start: 2022-07-01
- [View address](https://datapublica.dk/en/addresses/dar-27289758-c1b7-4152-acca-3ed5443d4088/studsgade-29-8000-aarhus-c)

### Unison Energy Partners ApS · 39971682
- City: Aarhus C
- Registered address: Inge Lehmanns Gade 10 6, 8000 Aarhus C
- Incorporated: 2018-10-15
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 1
- Operating profit · DKK: -5,659,351
- Net profit · DKK: -5,374,160
- Equity · DKK: 4,132,360
- Revenue · DKK: Not reported
- Previous net profit · DKK: -5,789,688
- Third-latest net profit · DKK: -667,512
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-c4934a9e-3a3f-46f5-bbaf-1197ea72ecae-unit-3575fdeb494598bae1f1/inge-lehmanns-gade-10-6-8000-aarhus-c)

### Get By ApS · 38902482
- City: Aarhus C
- Registered address: Marselis Boulevard 1, 8000 Aarhus C
- Incorporated: 2017-09-01
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 0
- Operating profit · DKK: -4,884,005
- Net profit · DKK: -4,577,985
- Equity · DKK: -11,542,752
- Revenue · DKK: Not reported
- Previous net profit · DKK: -7,172,576
- Third-latest net profit · DKK: -194,196
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-9e83ceb1-71aa-4e20-b616-f5b6cd96595c/marselis-boulevard-1-8000-aarhus-c)

### Blach Invest ApS · 37992682
- City: Aarhus C
- Registered address: Strandvejen 112, 8000 Aarhus C
- Incorporated: 2016-09-07
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 0
- Operating profit · DKK: -498,048
- Net profit · DKK: -2,257,418
- Equity · DKK: -3,462,603
- Revenue · DKK: Not reported
- Previous net profit · DKK: -1,912,435
- Third-latest net profit · DKK: -1,297,009
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-0a3f50c4-60d2-32b8-e044-0003ba298018/strandvejen-112-8000-aarhus-c)

### Entreprenørfirmaet MBA ApS · 37779881
- City: Solbjerg
- Registered address: Lervejen 29, 8355 Solbjerg
- Incorporated: 2016-06-01
- Registry status: NORMAL
- Period start: 2024-07-01
- Period end: 2025-06-30
- Employees: 8
- Operating profit · DKK: -1,503,780
- Net profit · DKK: -1,725,275
- Equity · DKK: -2,292,996
- Revenue · DKK: Not reported
- Previous net profit · DKK: -691,934
- Third-latest net profit · DKK: -137,764
- First period start: 2022-07-01
- [View address](https://datapublica.dk/en/addresses/dar-0a3f50c3-87db-32b8-e044-0003ba298018/lervejen-29-8355-solbjerg)

### Køgevej A/S · 42552682
- City: Tilst
- Registered address: Anelystparken 16, 8381 Tilst
- Incorporated: 2021-07-15
- Registry status: NORMAL
- Period start: 2025-01-01
- Period end: 2025-12-31
- Employees: 0
- Operating profit · DKK: Not reported
- Net profit · DKK: -1,655,409
- Equity · DKK: -2,892,895
- Revenue · DKK: Not reported
- Previous net profit · DKK: -1,191,003
- Third-latest net profit · DKK: -108,748
- First period start: 2023-01-01
- [View address](https://datapublica.dk/en/addresses/dar-695c889e-0328-4e27-b5e5-bf277bfd7d1d/anelystparken-16-8381-tilst)

### KARMARK ApS · 20975482
- City: Aarhus C
- Registered address: M.P. Bruuns Gade 43 1, 8000 Aarhus C
- Incorporated: 1998-04-01
- Registry status: NORMAL
- Period start: 2024-10-01
- Period end: 2025-09-30
- Employees: 1
- Operating profit · DKK: -323,392
- Net profit · DKK: -326,763
- Equity · DKK: 1,214,771
- Revenue · DKK: Not reported
- Previous net profit · DKK: -510,542
- Third-latest net profit · DKK: -262,633
- First period start: 2022-10-01
- [View address](https://datapublica.dk/en/addresses/dar-0a3f50c3-96e6-32b8-e044-0003ba298018-unit-f3c930da8b750575b149/m-p-bruuns-gade-43-1-8000-aarhus-c)

### Nolivah Holding ApS · 40740082
- City: Egå
- Registered address: Egå Havvej 19 1 1, 8250 Egå
- Incorporated: 2019-08-20
- Registry status: NORMAL
- Period start: 2024-07-01
- Period end: 2025-06-30
- Employees: 0
- Operating profit · DKK: -12,063
- Net profit · DKK: -318,624
- Equity · DKK: -347,387
- Revenue · DKK: Not reported
- Previous net profit · DKK: -74,659
- Third-latest net profit · DKK: -17,177
- First period start: 2022-07-01
- [View address](https://datapublica.dk/en/addresses/dar-0a3f50c2-bbaf-32b8-e044-0003ba298018-unit-3f22d6d875f4e1635c6b/egaa-havvej-19-1-1-8250-egaa)

[Create a free account to view the full list](https://staging.datapublica.dk/en/signup?redirectTo=%2Fen%2Fanalyses%2Funderskud-tre-aar-aarhus)

## Our AI performs advanced analyses of Danish companies for you

1. Find the latest entity accounts: Select the latest entity accounts by period end, then publication date. Exclude consolidated accounts. Apply DKK after ranking so older DKK accounts cannot replace newer foreign-currency accounts.
2. Join registry and accounts: Join active Danish companies to their latest DKK entity accounts.
3. Check three years of losses: Join the three latest annual periods and check losses, DKK and consecutive dates.
4. Select the companies: Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality.
5. Sort the list: latest net profit, lowest first · then name and company ID

One row per company.

Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality.
Sorted by: latest net profit, lowest first · then name and company ID
## SQL

```sql
WITH ranked AS (
 SELECT *, row_number() OVER (PARTITION BY cvr_number ORDER BY reporting_period_end DESC, publication_timestamp DESC, filing_id DESC, reporting_currency) AS rn
 FROM gold.mart_company_financials_annual_scoped WHERE statement_scope = 'entity'
), f AS (SELECT * FROM ranked WHERE rn = 1 AND reporting_currency = 'DKK'),
base AS (
 SELECT p.cvr_number, p.company_name, p.city, p.registered_address_slug, p.registered_address_identity, p.registered_address_formatted, p.founded_at, p.company_status, p.company_status_valid_from,
 f.reporting_period_start, f.reporting_period_end, f.average_employees AS employees, f.operating_profit, f.profit_after_tax AS profit, f.equity, f.revenue
 FROM gold.mart_company_profile p JOIN f ON f.cvr_number=p.cvr_number
 WHERE p.is_active=true
), losses AS (
 SELECT a.cvr_number, b.profit_after_tax AS previous_profit, c.profit_after_tax AS third_profit, c.reporting_period_start AS first_period
 FROM ranked a JOIN ranked b ON a.cvr_number=b.cvr_number AND b.rn=2 JOIN ranked c ON a.cvr_number=c.cvr_number AND c.rn=3
 WHERE a.rn=1 AND a.profit_after_tax<0 AND b.profit_after_tax<0 AND c.profit_after_tax<0
 AND a.reporting_currency='DKK' AND b.reporting_currency='DKK' AND c.reporting_currency='DKK'
 AND try_cast(a.reporting_period_start AS DATE)=try_cast(b.reporting_period_end AS DATE)+1
 AND try_cast(b.reporting_period_start AS DATE)=try_cast(c.reporting_period_end AS DATE)+1
 AND try_cast(a.reporting_period_end AS DATE)-try_cast(a.reporting_period_start AS DATE) BETWEEN 329 AND 399
 AND try_cast(b.reporting_period_end AS DATE)-try_cast(b.reporting_period_start AS DATE) BETWEEN 329 AND 399
 AND try_cast(c.reporting_period_end AS DATE)-try_cast(c.reporting_period_start AS DATE) BETWEEN 329 AND 399
)

SELECT base.*, l.previous_profit, l.third_profit, l.first_period, count(*) OVER() AS total_matches
FROM base JOIN losses l USING(cvr_number)
WHERE (true AND EXISTS (SELECT 1 FROM gold.mart_company_geo_area g WHERE g.cvr_number=base.cvr_number AND g.area_id='municipality:0751' AND g.source_field='company_registered_address')) AND true
ORDER BY profit ASC NULLS LAST, base.company_name ASC, base.cvr_number ASC
```

## From source to answer

Official CVR data and accounts → normalized identities, ownership stakes and periods → data marts → validated SQL → this result list.

Source: datapublica.dk
[CVR / Virk](https://datacvr.virk.dk/)

## Ask your own question

- Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality.
- Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality. Include ownership information.
- Active companies in Denmark with a net loss in each of the three latest consecutive annual accounts. Each period covers 330 to 400 days in DKK. The registered company address must be in Aarhus Municipality. Include registered addresses.

[ChatGPT](https://datapublica.dk/agents/chatgpt) · [Claude](https://datapublica.dk/agents/claude) · [Codex](https://datapublica.dk/agents/codex)


## Companies with losses three years in a row in Aarhus

Looking for companies with losses three years in a row in aarhus, Danish company lists and business data? We ran the analysis using Datapublica company data. The list above shows the results: 24 companies match the stated criteria.