KARSTENSENS SKIBSVÆRFT A/S

CVR 10859581 · Public limited company (A/S) · Active · Low risk

KARSTENSENS SKIBSVÆRFT A/S is a Public limited company (A/S), founded on , based in Skagen. The company is registered in the industry bygning af civile skibe og flydende materiel. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 164.8m and a net result of DKK -37.6m. CEO: Knud Degn Karstensen, Kent Damgaard, Kim Jensen.

Bankruptcy risk for KARSTENSENS SKIBSVÆRFT A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Company typeA/S · bankruptcy rate 4.4%0.50×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
10859581
Status
Active
Company type
Public limited company (A/S)
Founded
(39 years)
Address
Vestre Strandvej 17
9990 Skagen
Municipality
Frederikshavn
Industry
Bygning af civile skibe og flydende materiel (301100)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer
Share capital
DKK 1.0m
Employees
357 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 31
Missing annual reportNo
Negative equityNo
Equity ratio14.2%
Current ratio109%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 2.0bnDKK 1.8bnDKK 1.9bn
Gross profitDKK 276.3mDKK 215.9mDKK 206.7m
Net profitDKK -37.6mDKK -35.5mDKK -13.4m
EquityDKK 164.8mDKK 80.9mDKK 140.7m
Total assetsDKK 1.2bnDKK 1.4bnDKK 1.1bn
CashDKK 121.9mDKK 29.2m–
Short-term debtDKK 962.6mDKK 1.2bn–
Avg. employees406378–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025119
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021145
1 Jan 2020 – 31 Dec 2020130
1 Jan 2019 – 31 Dec 2019129
1 Jan 2018 – 31 Dec 2018116
1 Jan 2017 – 31 Dec 2017103
1 Jan 2016 – 31 Dec 2016157
1 Jan 2015 – 31 Dec 2015132
1 Jan 2014 – 31 Dec 2014153
1 Jan 2013 – 31 Dec 2013132
1 Jan 2012 – 31 Dec 2012133
1 Jan 2011 – 31 Dec 2011100
1 Jan 2010 – 31 Dec 201083
1 Jan 2009 – 31 Dec 2009159
1 Jan 2008 – 31 Dec 2008190 Late
1 Jan 2007 – 31 Dec 2007115
1 Jan 2006 – 31 Dec 200681

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOKnud Degn KarstensenCurrent
CEOKent DamgaardCurrent
CEOKim JensenCurrent
CEOTage Rishøj
BoardKnud Degn KarstensenCurrent
BoardJens Koefoed StadumCurrent
BoardKent DamgaardCurrent
BoardCarsten LundholmCurrent
BoardDiddan Rahn KarstensenCurrent
BoardMichael Kjølholm JensenCurrent
BoardNiels Erik Hansen
BoardKresten Dyhrberg Nielsen
BoardArne Nielsen
BoardVilly Johansen
BoardVillum Helge Svendsen
BoardSøren Nielsen
BoardKai Willy Jensen
BoardBørge Andersen
BoardAllan Juel Poulsen
BoardIvan Kyhl Johansen
BoardTorben Holmager
BoardPreben René Ejsenhardt
BoardDavid Degn Karstensen
BoardTorben Ravn
BoardFlemming Torsten Diget Christensen
BoardJesper Larsen
BoardKent Damgaard
BoardNiels Søren Nielsen
BoardFlemming Gajhede Christensen
BoardRune Thomsen
BoardBrian Jørgensen Huus
BoardRune Thomsen
BoardClaus Hansen
BoardBenny Haugaard Kristensen
BoardKim Jensen
BoardTage Rishøj
BoardKim Frandsen
BoardFlemming Gajhede Christensen
BoardCarsten Lundholm
BoardKim Jensen
BoardClaus Hansen
BoardPer Pedersen
BoardCarsten Lundholm
BoardLars Pjedsted
BoardAllan Nordal Nielsen
BoardAllan Nordal Nielsen
BoardHenrik Vanggaard
BoardCarsten Lundholm
Owner (100%)Karstensen Gruppen A/SCurrent
Owner (50%)KDK HOLDING ApS
Owner (33%)KASHIP HOLDING ApS
Owner (50%)KDK HOLDING FOND A/S
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderKnud Degn KarstensenCurrent
FounderNils Juul Suhr NordestgaardCurrent
FounderNiels Degn KarstensenCurrent

The CEOs' other companies

Knud Degn Karstensen – 18 other companies

Kent Damgaard – 11 other companies

Kim Jensen – 10 other companies, of which 1 bankrupt

Tage Rishøj – 11 other companies

Address history (4 moves)

Vestre Strandvej 17, 9990 Skagen
Vestre Strandvej 17, 9990 Skagen
Vestre Strandvej 19, 9990 Skagen
Vestre Strandvej 19, 9990 Skagen
Vestre Strandvej, 9990 Skagen

Employees per year

Number of employees at KARSTENSENS SKIBSVÆRFT A/S per year1793572011: 17920112012: 20420122013: 22520132014: 25820142015: 28720152016: 32120162017: 34720172018: 3572018

Other companies at the same address

Similar companies in Frederikshavn

Questions and answers about KARSTENSENS SKIBSVÆRFT A/S

Has KARSTENSENS SKIBSVÆRFT A/S gone bankrupt?

No, KARSTENSENS SKIBSVÆRFT A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KARSTENSENS SKIBSVÆRFT A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of KARSTENSENS SKIBSVÆRFT A/S?

Knud Degn Karstensen, Kent Damgaard, Kim Jensen are the CEOs of KARSTENSENS SKIBSVÆRFT A/S.

Who is the auditor of KARSTENSENS SKIBSVÆRFT A/S?

KARSTENSENS SKIBSVÆRFT A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was KARSTENSENS SKIBSVÆRFT A/S founded?

KARSTENSENS SKIBSVÆRFT A/S was founded on 29 June 1987.

What is the equity of KARSTENSENS SKIBSVÆRFT A/S?

Equity was DKK 164.8m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.