INVACARE A/S

CVR 18058936 · Public limited company (A/S) · Active · Low risk

INVACARE A/S is a Public limited company (A/S), founded on , based in Brøndby. The company is registered in the industry engroshandel med læge- og hospitalsartikler. 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 5 more than six months after the end of the financial year. The latest annual report (30 Nov 2025) shows equity of DKK 17.9m and a net result of DKK 4.5m. CEO: Graham Ewart.

Bankruptcy risk for INVACARE 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

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
18058936
Status
Active
Company type
Public limited company (A/S)
Founded
(32 years)
Address
Søndre Ringvej 37
2605 Brøndby
Municipality
Brøndby
Industry
Engroshandel med læge- og hospitalsartikler (464620)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 10.0m
Employees
53 (2018)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late11 of 30
Missing annual reportNo
Negative equityNo
Equity ratio24.2%
Current ratio140%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 34.0mDKK 33.7mDKK 33.2m
Net profitDKK 4.5mDKK 4.2mDKK 4.5m
EquityDKK 17.9mDKK 13.4mDKK 29.2m
Total assetsDKK 73.8mDKK 64.2mDKK 64.9m
CashDKK 19.8mDKK 11.2m–
Short-term debtDKK 52.4mDKK 47.4m–
Tax owedDKK 616kDKK 538k–
Avg. employees3838–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Dec 2024 – 30 Nov 2025178
1 Dec 2023 – 30 Nov 2024143
1 Dec 2022 – 30 Nov 2023110
1 Dec 2021 – 30 Nov 2022197 Late
1 Dec 2020 – 30 Nov 2021153
1 Dec 2019 – 30 Nov 2020150
1 Dec 2018 – 30 Nov 2019265 Late
1 Dec 2017 – 30 Nov 2018151
1 Dec 2016 – 30 Nov 2017152
1 Dec 2015 – 30 Nov 2016153
1 Dec 2014 – 30 Nov 2015151
1 Dec 2013 – 30 Nov 2014151
1 Dec 2012 – 30 Nov 2013165
1 Dec 2011 – 30 Nov 2012157
1 Dec 2010 – 30 Nov 2011188 Late
1 Dec 2009 – 30 Nov 2010166
1 Dec 2008 – 30 Nov 2009171
1 Dec 2007 – 30 Nov 2008163
1 Dec 2006 – 30 Nov 2007202 Late
1 Dec 2005 – 30 Nov 2006214 Late

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
CEOGraham EwartCurrent
CEOClaus Morten Bøge
CEOEric Kristian Steira
BoardLeif Erik ChristensenCurrent
BoardGraham EwartCurrent
BoardAndrew Richard HollyheadCurrent
BoardHenrik Skov Andersen
BoardLars Foghsgaard
BoardKnud Bøgh Christensen
BoardKenneth Myrthue Sørensen
BoardKnud Foldschack
BoardPer Sten Lauritsen
BoardRoland Crouzet
BoardRob Gudbranson
BoardMaurice Louis Tabickman
BoardAlison Jane Noon-Jones
BoardHans-Ingo Meny Warmbold
BoardKenneth Allan Sparrow
BoardJames Arthur Lawson
BoardEric Kristian Steira
BoardFranz Xaver Krammer
BoardTheodoros Vassiloudis
BoardPhilippe Jordi Gretz
BoardHansjörg Reiner
BoardGeoffrey Porter Purtill
Owner (100%)Invacare Holdings Two B.V.Current
Owner (100%)SCANDINAVIAN MOBILITY INTERNATIONAL ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorEJENDOMSSELSKABET KLÆDEMÅLET A/S
AuditorEY Danmark A/S
AuditorERNST & YOUNG DENMARK P/S
AuditorEY Godkendt Revisionspartnerselskab
FounderINVACARE EC-HØNG A/SCurrent

The CEOs' other companies

Claus Morten Bøge – 4 other companies, of which 3 bankrupt

Address history (2 moves)

Søndre Ringvej 37, 2605 Brøndby
Søndre Ringvej 37, 2605 Brøndby
Søndre Ringvej 39, 2605 Brøndby

Former names

INVACARE A/S – now
SCANDINAVIAN MOBILITY A/S –

Employees per year

Number of employees at INVACARE A/S per year30592011: 5220112012: 5420122013: 5620132014: 5820142015: 5920152016: 5620162017: 5420172018: 532018

Other companies at the same address

Similar companies in Brøndby

Questions and answers about INVACARE A/S

Has INVACARE A/S gone bankrupt?

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

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

Graham Ewart is the CEO of INVACARE A/S.

Who is the auditor of INVACARE A/S?

INVACARE A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was INVACARE A/S founded?

INVACARE A/S was founded on 23 September 1994.

What is the equity of INVACARE A/S?

Equity was DKK 17.9m according to the annual report for the period ending 30 November 2025.

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