SQUARE HOLDING A/S

CVR 11163777 · Public limited company (A/S) · Active · Low risk

SQUARE HOLDING A/S is a Public limited company (A/S), founded on , based in Nørresundby. The company is registered in the industry ikke-finansielle holdingselskaber. 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 11.7m and a net result of DKK 980k. CEO: Ib Reuter Morthorst, Per Reuter Morthorst.

Bankruptcy risk for SQUARE HOLDING 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×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Return on assets5%–15% · 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
11163777
Status
Active
Company type
Public limited company (A/S)
Founded
(39 years)
Address
c/o Ib Reuter Morthorst, Brotorvet 2, 3. tv
9400 Nørresundby
Municipality
Aalborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 1.0m
Employees
0 (2015)
Auditor
Redmark, Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 31
Missing annual reportNo
Negative equityNo
Equity ratio98.2%
Current ratio5,503%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -44kDKK -52kDKK -90k
Net profitDKK 980kDKK 417kDKK 915k
EquityDKK 11.7mDKK 10.7mDKK 10.3m
Total assetsDKK 11.9mDKK 10.9mDKK 10.4m
CashDKK 137kDKK 201k–
Short-term debtDKK 216kDKK 180k–
Tax owedDKK 190kDKK 165k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Redmark, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202534
1 Jan 2024 – 31 Dec 202463
1 Jan 2023 – 31 Dec 202359
1 Jan 2022 – 31 Dec 2022151
1 Jan 2021 – 31 Dec 2021122
1 Jan 2020 – 31 Dec 2020110
1 Jan 2019 – 31 Dec 2019239 Late
1 Jan 2018 – 31 Dec 2018143
1 Jan 2017 – 31 Dec 2017102
1 Jan 2016 – 31 Dec 2016129
1 Jan 2015 – 31 Dec 2015102
1 Jan 2014 – 31 Dec 2014124
1 Jan 2013 – 31 Dec 2013156
1 Jan 2012 – 31 Dec 2012115
1 Jan 2011 – 31 Dec 2011143
1 Jan 2010 – 31 Dec 2010129
1 Jan 2009 – 31 Dec 2009136
1 Jan 2008 – 31 Dec 2008148
1 Jan 2007 – 31 Dec 2007153
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
CEOIb Reuter MorthorstCurrent
CEOPer Reuter MorthorstCurrent
CEONiels Erik Westen-Jensen
CEOPoul Martin Rafn
BoardIb Reuter MorthorstCurrent
BoardBirte Ellidshøj AabyenCurrent
BoardBritt Reuter MorthorstCurrent
BoardPoul Martin Rafn
BoardJens Bjerregaard
BoardPer Reuter Morthorst
BoardJan Offersøy Nielsen
BoardMorten Jensen
Owner (100%)Ib Reuter MorthorstCurrent
Owner (33%)Ib Reuter Morthorst
Owner (50%)SQUARE INVEST ApS
Owner (25%)Ib Reuter Morthorst
Owner (67%)SQUARE INVEST ApS
Owner (100%)SQUARE INVEST ApS
AuditorSvend Gerlif
AuditorPeter Corfitz Holm
AuditorNIELSEN & CHRISTENSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB, HASSERIS
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
FounderNiels Erik Westen-JensenCurrent

The CEOs' other companies

Ib Reuter Morthorst – 9 other companies

Per Reuter Morthorst – 3 other companies

Niels Erik Westen-Jensen – 57 other companies, of which 57 bankrupt

Poul Martin Rafn – 3 other companies

Address history (1 moves)

c/o Ib Reuter Morthorst, Brotorvet 2, 3. tv, 9400 Nørresundby
Hattemagervej 5, 9000 Aalborg

Former names

SQUARE HOLDING A/S – now
VGH NR. 468 ApS –

Employees per year

Number of employees at SQUARE HOLDING A/S per year112015: 02015

Other companies at the same address

Similar companies in Aalborg

Questions and answers about SQUARE HOLDING A/S

Has SQUARE HOLDING A/S gone bankrupt?

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

What is the bankruptcy risk of SQUARE HOLDING 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 SQUARE HOLDING A/S?

Ib Reuter Morthorst, Per Reuter Morthorst are the CEOs of SQUARE HOLDING A/S.

Who is the auditor of SQUARE HOLDING A/S?

SQUARE HOLDING A/S most recently used Redmark, Godkendt Revisionspartnerselskab.

When was SQUARE HOLDING A/S founded?

SQUARE HOLDING A/S was founded on 11 September 1987.

What is the equity of SQUARE HOLDING A/S?

Equity was DKK 11.7m 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.