MADS NØRGAARD A/S

CVR 18155931 · Public limited company (A/S) · Active · Low risk

MADS NØRGAARD A/S is a Public limited company (A/S), founded on , based in København K. The company is registered in the industry engroshandel med beklædning. 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 143.5m and a net result of DKK 2.7m. CEO: Mads Mathias Nørgaard.

Bankruptcy risk for MADS NØRGAARD 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

Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%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×
Reporting classReporting class C, mellemstor virksomhed · 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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

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
18155931
Status
Active
Company type
Public limited company (A/S)
Founded
(32 years)
Address
Amagertorv 15
1160 København K
Municipality
København
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 923k
Employees
39 (2006)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 31
Missing annual reportNo
Negative equityNo
Equity ratio96.5%
Current ratio76%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address125
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -531kDKK -233kDKK -216k
Net profitDKK 2.7mDKK 5.0mDKK 7.3m
EquityDKK 143.5mDKK 142.8mDKK 141.8m
Total assetsDKK 148.6mDKK 149.1mDKK 145.8m
CashDKK 726kDKK 8.8m–
Short-term debtDKK 5.1mDKK 6.3m–
Tax owed–DKK 0–
Avg. employees10–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024148
1 Jan 2023 – 31 Dec 2023116
1 Jan 2022 – 31 Dec 2022151
1 Jan 2021 – 31 Dec 2021118
1 Jan 2020 – 31 Dec 2020159
1 Jan 2019 – 31 Dec 2019169
1 Jan 2018 – 31 Dec 2018141
1 Jan 2017 – 31 Dec 2017150
1 Jan 2016 – 31 Dec 2016150
1 Jan 2015 – 31 Dec 2015141
1 Jan 2014 – 31 Dec 2014148
1 Jan 2013 – 31 Dec 2013141
1 Jan 2012 – 31 Dec 2012135
1 Jan 2011 – 31 Dec 2011149
1 Jan 2010 – 31 Dec 2010150
1 Jan 2009 – 31 Dec 2009150
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007167
1 Jan 2006 – 31 Dec 2006114

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
CEOMads Mathias NørgaardCurrent
CEOPreben Bang Henriksen
BoardMads Mathias NørgaardCurrent
BoardJens Dyre NørgaardCurrent
BoardMark HammerichCurrent
BoardJørgen Senius Nørgaard
BoardPreben Bang Henriksen
BoardMogens Gaardboe Bertelsen
BoardEllen Nørgaard
BoardLone Mai Henriksen
BoardCecilie Marie Krebs Nørgaard
BoardMark Hammerich
BoardEllen Nørgaard
Owner (100%)Mads Mathias NørgaardCurrent
Owner (100%)Mads Mathias Nørgaard
Owner (33%)Jørgen Senius Nørgaard
Owner (50%)Mads Mathias Nørgaard
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorHarry Aamann
AuditorRL KØBENHAVN A/S
FounderPREBEN BANG HENRIKSEN. AALBORG ApSCurrent

The CEOs' other companies

Mads Mathias Nørgaard – 22 other companies

Preben Bang Henriksen – 46 other companies, of which 46 bankrupt

Address history (0 moves)

Amagertorv 15, 1160 København K

Former names

MADS NØRGAARD A/S – now
M.M. NØRGAARD A/S –
SLP NR. 10.987 A/S –

Employees per year

Number of employees at MADS NØRGAARD A/S per year20391999: 1219992000: 1120002001: 1320012002: 1520022003: 2020032004: 2020042005: 2820052006: 392006

Other companies at the same address

Similar companies in København

Questions and answers about MADS NØRGAARD A/S

Has MADS NØRGAARD A/S gone bankrupt?

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

What is the bankruptcy risk of MADS NØRGAARD 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 MADS NØRGAARD A/S?

Mads Mathias Nørgaard is the CEO of MADS NØRGAARD A/S.

Who is the auditor of MADS NØRGAARD A/S?

MADS NØRGAARD A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was MADS NØRGAARD A/S founded?

MADS NØRGAARD A/S was founded on 1 November 1994.

What is the equity of MADS NØRGAARD A/S?

Equity was DKK 143.5m 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.