BØRGE MADSEN. CYKLER ApS

CVR 10902983 · Private limited company (ApS) · Active · Low risk

BØRGE MADSEN. CYKLER ApS is a Private limited company (ApS), founded on , based in Vejle. The company is registered in the industry detailhandel med cykler. 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 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 2.3m and a net result of DKK -8,216. CEO: Kim Børglum Madsen.

Bankruptcy risk for BØRGE MADSEN. CYKLER ApS

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

CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
10902983
Status
Active
Company type
Private limited company (ApS)
Founded
(39 years)
Address
Vedelsgade 117A, st.
7100 Vejle
Municipality
Vejle
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 200k
Employees
7 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 31
Missing annual reportNo
Negative equityNo
Equity ratio67.7%
Current ratio335%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.4mDKK 1.3mDKK 1.5m
Net profitDKK -8,216DKK -125kDKK 100k
EquityDKK 2.3mDKK 2.3mDKK 2.4m
Total assetsDKK 3.4mDKK 3.1mDKK 3.2m
CashDKK 1.1mDKK 740k–
Short-term debtDKK 1.0mDKK 653k–
Avg. employees44–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024170
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019220 Late
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017172
1 Jan 2016 – 31 Dec 2016172
1 Jan 2015 – 31 Dec 2015166
1 Jan 2014 – 31 Dec 2014183
1 Jan 2013 – 31 Dec 2013141
1 Jan 2012 – 31 Dec 2012169
1 Jan 2011 – 31 Dec 2011196 Late
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009179
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 2007157
1 Jan 2006 – 31 Dec 2006176

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
CEOKim Børglum MadsenCurrent
CEOBørge Eilert Madsen
Owner (100%)Kim Børglum MadsenCurrent
AuditorPOUL B. LAURSEN A/S
AuditorRevisionsfirmaet Keld Lyager A ps
AuditorCarsten Munk Thomsen
AuditorJohn Laursen
AuditorKROGH & THOMSEN I/S
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderBørge Eilert MadsenCurrent

Address history (3 moves)

Vedelsgade 117A, st., 7100 Vejle
Vedelsgade 117A, st., 7100 Vejle
Vedelsgade 117, 7100 Vejle
Vedelsgade 117, 7100 Vejle

Employees per year

Number of employees at BØRGE MADSEN. CYKLER ApS per year472011: 720112012: 620122013: 720132014: 720142015: 620152016: 620162017: 520172018: 72018

Similar companies in Vejle

Questions and answers about BØRGE MADSEN. CYKLER ApS

Has BØRGE MADSEN. CYKLER ApS gone bankrupt?

No, BØRGE MADSEN. CYKLER ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of BØRGE MADSEN. CYKLER ApS?

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 BØRGE MADSEN. CYKLER ApS?

Kim Børglum Madsen is the CEO of BØRGE MADSEN. CYKLER ApS.

Who is the auditor of BØRGE MADSEN. CYKLER ApS?

BØRGE MADSEN. CYKLER ApS most recently used Beierholm.

When was BØRGE MADSEN. CYKLER ApS founded?

BØRGE MADSEN. CYKLER ApS was founded on 12 May 1987.

What is the equity of BØRGE MADSEN. CYKLER ApS?

Equity was DKK 2.3m 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.