MASTERROLL A/S

CVR 11764142 · Public limited company (A/S) · Active · Low risk

MASTERROLL A/S is a Public limited company (A/S), founded on 1 December 1987, based in Hørning. The company is registered in the industry fremstilling af løfte- og håndteringsudstyr. 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. The latest annual report (30 Sep 2025) shows equity of DKK 1.9m and a net result of DKK -3,495. CEO: Carsten Bak Iversen.

Bankruptcy risk for MASTERROLL A/S

0.0%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×

CEO changes1 · bankruptcy rate 11.4%1.3×

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×

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

Current ratio200%–500% · bankruptcy rate 3.4%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

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: 11764142
Status: Active
Company type: Public limited company (A/S)
Founded: 1 December 1987 (38 years)
Address: Århusvej 18
8362 Hørning
Municipality: Skanderborg
Industry: Fremstilling af løfte- og håndteringsudstyr (282200)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital: DKK 500k
Employees: 5 (2018)
Audit opted out: Yes

Warning signs

Annual reports filed late	5 of 31
Missing annual report	No
Negative equity	No
Equity ratio	51.3%
Current ratio	433%
Moves (last 2 years)	0
CEO changes in total	1
CEO's previous bankruptcies	0
Other companies at the address	6
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK 1.5m	DKK 1.6m
Net profit	DKK -3,495	DKK 165k
Equity	DKK 1.9m	DKK 1.9m
Total assets	DKK 3.6m	DKK 4.4m
Cash	DKK 215k	–
Short-term debt	DKK 759k	–
Avg. employees	5	–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting period	Published	Days after period end
1 Oct 2024 – 30 Sep 2025	28 Mar 2026	179
1 Oct 2023 – 30 Sep 2024	22 Feb 2025	145
1 Oct 2022 – 30 Sep 2023	28 Feb 2024	151
1 Oct 2021 – 30 Sep 2022	5 Mar 2023	156
1 Oct 2020 – 30 Sep 2021	1 Mar 2022	152
1 Oct 2019 – 30 Sep 2020	1 Mar 2021	152
1 Oct 2018 – 30 Sep 2019	13 Feb 2020	136
1 Oct 2017 – 30 Sep 2018	14 Mar 2019	165
1 Oct 2016 – 30 Sep 2017	14 Mar 2018	165
1 Oct 2015 – 30 Sep 2016	31 Mar 2017	182
1 Oct 2014 – 30 Sep 2015	16 Mar 2016	168
1 Oct 2013 – 30 Sep 2014	9 Mar 2015	160
1 Oct 2012 – 30 Sep 2013	7 Mar 2014	158
1 Oct 2011 – 30 Sep 2012	22 Mar 2013	173
1 Oct 2010 – 30 Sep 2011	11 Mar 2012	163
1 Oct 2009 – 30 Sep 2010	13 Mar 2011	164
1 Oct 2008 – 30 Sep 2009	3 Mar 2010	154
1 Oct 2007 – 30 Sep 2008	22 Feb 2009	145
1 Oct 2006 – 30 Sep 2007	12 Mar 2008	164
1 Oct 2005 – 30 Sep 2006	9 Jan 2007	101

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

Role	Name	From	To
CEO	Carsten Bak Iversen	1 Dec 1987	Current
CEO	Susanne Saul Stakemann	1 Dec 1987	25 Mar 1988
Board	Carsten Bak Iversen	1 Dec 1987	Current
Board	Anders Ring Christiansen	28 Mar 2019	Current
Board	Hans Peter Tygesen	15 Feb 2022	Current
Board	Christian Morsing	1 Dec 1987	9 Dec 1996
Board	Vagner Bak Iversen	1 Dec 1987	18 Feb 2019
Board	Niels Peder Opstrup	1 Dec 1987	15 Oct 1993
Board	Per Emil Hasselbalch Stakemann	1 Dec 1987	25 Mar 1988
Board	Bjarne Bak Iversen	1 Dec 1987	15 Feb 2022
Owner (100%)	CBI HOLDING ApS	20 Sep 2005	Current
Owner (100%)	Carsten Bak Iversen	1 Dec 1987	8 Jun 2015
Auditor	Erik Tronborg Andersen	1 Dec 1987	25 Mar 1988
Auditor	MOKIA P/S	1 Dec 1987	26 Jul 2005
Auditor	MOKIA P/S	26 Jul 2005	1 Feb 2011
Auditor	Beierholm Godkendt Revisionspartnerselskab	1 Feb 2011	14 Mar 2018
Founder	A/S PSE NR. 1444	1 Dec 1987	Current

The CEOs' other companies

Carsten Bak Iversen – 8 other companies, of which 5 bankrupt

AKTIESELSKABET AF 1. FEBRUAR 1996.ÅRHUS Bankrupt 27 Feb 1996
AKTIESELSKABET AF 2. MAJ 2003, ÅRHUS Bankrupt 9 May 2003
AKTIESELSKABET AF 30. AUGUST 2000,ÅRHUS Bankrupt 11 Dec 2000
AKTIESELSKABET AF 30. DECEMBER 1994, BERING Bankrupt 9 Jan 1995
AKTIESELSKABET MH AF 1993 Bankrupt 29 Nov 1993
CBI HOLDING ApS Active
VABI-FINANS ApS Opløst
VABI-INVEST A/S Active

Susanne Saul Stakemann – 60 other companies, of which 60 bankrupt

"HEDEVANG MØBLER A/S" Bankrupt 27 Nov 1990
"J.A.M. TRANSPORTBÅND A/S" Bankrupt 18 Aug 1993
"NELLE'S RENGØRING A/S" Bankrupt 16 Jul 1990
1/7 1987 A/S Bankrupt 21 Aug 2003
15/11 1990 A/S Bankrupt 11 Oct 1994
23/5 914 ApS Bankrupt 25 Jun 1991
3 X 65 SERVICE ApS Bankrupt 3 Mar 1997
3 X P A/S Bankrupt 10 Sep 1990
31.12.2007 X A/S Bankrupt 28 Oct 2008
A'SHARQ TV ApS Bankrupt 26 Nov 1992
A. UNO ApS Bankrupt 19 Jan 1996
A.K.S. FINMEKANIK A/S Bankrupt 27 Jun 2025
A.L.A. A/S Bankrupt 1 Jun 1995
A.S. BRØNDUM ApS Bankrupt 22 Feb 1995
A.S. DAN-BAG. AKTIESELSKAB Bankrupt 30 Jun 2009
A.T. INDUSTRISERVICE ApS Bankrupt 18 Oct 1995
A.T. INVEST AF K.B.H. A/S Bankrupt 3 Aug 1999
A/S 201 201 Bankrupt 29 Nov 1994
A/S AF 20. JUNI 1994 Bankrupt 10 Jan 1995
A/S AFFALDSDEPONI AF 1/8-1990 Bankrupt 28 Oct 2022
A/S AFVIKLINGSSELSKABET AF 1. FEBRUAR 1996 Bankrupt 8 May 1996
A/S BAKKEGADE 26 Bankrupt 3 Dec 2002
A/S DANCON INVESTMENT Bankrupt 18 Aug 1993
A/S DTS AGRO Bankrupt 21 Apr 1993
A/S DTS ERHVERVS FINANS Bankrupt 11 May 1993
A/S H.B.E. TRANSPORT Bankrupt 13 Jul 1992
A/S INVEST AF 22/2 1993 Bankrupt 2 Mar 1994
A/S ISCO GROUP INTERNATIONAL, BRINCK & KJÆRSGAARD Bankrupt 27 Sep 1993
A/S KBIL 9 NR.1721 Bankrupt 13 Feb 1990
A/S KINOPALÆET Bankrupt 24 Feb 1993

Address history (1 moves)

1 Jan 2007	Århusvej 18, 8362 Hørning
1 Dec 1987	Århusvej 18, 8362 Hørning

Former names

MASTERROLL A/S	29 Sep 1988 – now
DANROLL ApS	26 Mar 1988 – 28 Sep 1988
ApS SMBK NR. 1482	1 Dec 1987 – 25 Mar 1988

Employees per year

Other companies at the same address

AKTIESELSKABET AF 2. MAJ 2003, ÅRHUS Bankrupt
AKTIESELSKABET AF 30. AUGUST 2000,ÅRHUS Bankrupt
AKTIESELSKABET MH AF 1993 Bankrupt
HØRNING MASKINFABRIK A/S Bankrupt
VABI-FINANS ApS Opløst
VABI-INVEST A/S Active

Similar companies in Skanderborg

Questions and answers about MASTERROLL A/S

Has MASTERROLL A/S gone bankrupt?

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

What is the bankruptcy risk of MASTERROLL 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 MASTERROLL A/S?

Carsten Bak Iversen is the CEO of MASTERROLL A/S.

When was MASTERROLL A/S founded?

MASTERROLL A/S was founded on 1 December 1987.

What is the equity of MASTERROLL A/S?

Equity was DKK 1.9m according to the annual report for the period ending 30 September 2025.

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