Skals Machinery A/S

CVR 17218018 · Public limited company (A/S) · Active · Low risk

Skals Machinery A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry fremstilling af landbrugs- og skovbrugsmaskiner. 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 (31 Dec 2025) shows equity of DKK 13.3m and a net result of DKK 3.2m. CEO: Søren Lund Madsen.

Bankruptcy risk for Skals Machinery A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late1 · bankruptcy rate 11.3%1.3×

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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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
17218018
Status
Active
Company type
Public limited company (A/S)
Founded
(86 years)
Address
Pottemagervej 14
7100 Vejle
Municipality
Vejle
Industry
Fremstilling af landbrugs- og skovbrugsmaskiner (283000)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 1.5m
Employees
22 (2018)
Auditor
ANDERSEN REVISION STATSAUTORISERET REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 30
Missing annual reportNo
Negative equityNo
Equity ratio34.9%
Current ratio134%
Moves (last 2 years)0
CEO changes in total7
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 26.8mDKK 23.1mDKK 23.8m
Net profitDKK 3.2mDKK 1.7mDKK 925k
EquityDKK 13.3mDKK 10.1mDKK 8.4m
Total assetsDKK 38.2mDKK 31.8mDKK 26.8m
CashDKK 16kDKK 8,372–
Short-term debtDKK 23.8mDKK 20.4m–
Tax owedDKK 822k––
Avg. employees3734–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Andersen RevisionStatsautoriseret Revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202590
1 Jan 2024 – 31 Dec 202485
1 Jan 2023 – 31 Dec 202399
1 Jan 2022 – 31 Dec 2022128
1 Jan 2021 – 31 Dec 202184
1 Jan 2020 – 31 Dec 202069
1 Jan 2019 – 31 Dec 201969
1 Jan 2018 – 31 Dec 201876
1 Jan 2017 – 31 Dec 2017120
1 Jan 2016 – 31 Dec 201666
1 Jan 2015 – 31 Dec 201555
1 Jan 2014 – 31 Dec 201484
1 Jan 2013 – 31 Dec 201395
1 Jan 2012 – 31 Dec 201299
1 Jan 2011 – 31 Dec 2011158
1 Jan 2010 – 31 Dec 2010125
1 Jan 2009 – 31 Dec 2009161
1 Jan 2008 – 31 Dec 200857
1 Jan 2007 – 31 Dec 200793
1 Jan 2006 – 31 Dec 2006112

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
CEOSøren Lund MadsenCurrent
CEOOlaf Nørgaard
CEOEvald Nørgaard Jensen
CEOThorben Emil Finnerup
CEOFrank Mikkelsen
BoardSøren Lund MadsenCurrent
BoardMichael Høj OlsenCurrent
BoardSøren IversenCurrent
BoardJens VorreCurrent
BoardHenrik Heide Ottosen
BoardOlaf Nørgaard
BoardUlla Nørgaard Hvidtfeldt
BoardEsther Jensine Jensen
BoardErik Hvidtfeldt
BoardEvald Nørgaard Jensen
BoardErik Torrild
BoardOve Glerup
BoardJens Madsen
BoardKaj Pedersen
BoardThøge Hellesøe Dall
BoardTorben Axelsen
Owner (20%)PENDO ApSCurrent
Owner (15%)J. Vorre Holding ApSCurrent
Owner (50%)Lund Madsen Family Invest ApSCurrent
Owner (33%)LUND MADSEN INVEST ApS
Owner (50%)BODAL HOLDING A/S
Owner (50%)LUND MADSEN INVEST ApS
Owner (10%)Baumgaard Holding ApS
AuditorANDERSEN REVISION STATSAUTORISERET REVISIONSAKTIESELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

Søren Lund Madsen – 10 other companies

Olaf Nørgaard – 2 other companies, of which 1 bankrupt

Thorben Emil Finnerup – 4 other companies, of which 1 bankrupt

Frank Mikkelsen – 11 other companies

Address history (2 moves)

Pottemagervej 14, 7100 Vejle
Hovedgaden 56, 8832 Skals
Hovedgaden 56, 8832 Skals

Former names

Skals Machinery A/S – now
Skals Maskiner A/S –
AKTIESELSKABET SKALS MASKINFABRIK –

Employees per year

Number of employees at Skals Machinery A/S per year15302011: 3020112012: 2420122013: 2520132014: 2320142015: 2620152016: 2420162017: 1920172018: 222018

Other companies at the same address

Similar companies in Vejle

Questions and answers about Skals Machinery A/S

Has Skals Machinery A/S gone bankrupt?

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

What is the bankruptcy risk of Skals Machinery 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 Skals Machinery A/S?

Søren Lund Madsen is the CEO of Skals Machinery A/S.

Who is the auditor of Skals Machinery A/S?

Skals Machinery A/S most recently used ANDERSEN REVISION STATSAUTORISERET REVISIONSAKTIESELSKAB.

When was Skals Machinery A/S founded?

Skals Machinery A/S was founded on 3 January 1940.

What is the equity of Skals Machinery A/S?

Equity was DKK 13.3m 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.