PRAXIS HERNING A/S

CVR 18622130 · Public limited company (A/S) · Active · Low risk

PRAXIS HERNING A/S is a Public limited company (A/S), founded on , based in Herning. The company is registered in the industry detailhandel med tøj. Our model estimates a bankruptcy risk of 0.1% 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 4.0m and a net result of DKK 1.2m. CEO: Morten Nygaard.

Bankruptcy risk for PRAXIS HERNING A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×

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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%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
18622130
Status
Active
Company type
Public limited company (A/S)
Founded
(31 years)
Address
Hammershusvej 16K
7400 Herning
Municipality
Herning
Industry
Detailhandel med tøj (477110)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 500k
Employees
12 (2018)
Auditor
Partner Revision statsautoriseret revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 29
Missing annual reportNo
Negative equityNo
Equity ratio66.1%
Current ratio290%
Moves (last 2 years)1
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 7.8mDKK 10.1mDKK 9.2m
Net profitDKK 1.2mDKK 3.6mDKK 3.0m
EquityDKK 4.0mDKK 6.4mDKK 5.8m
Total assetsDKK 6.0mDKK 9.0mDKK 9.6m
CashDKK 1.3mDKK 1.8m–
Short-term debtDKK 2.0mDKK 2.5m–
Tax owedDKK 0DKK 117k–
Avg. employees1312–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · PARTNER REVISION. STATSAUTORISERETREVISIONSAKTIESELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025111
1 Jan 2024 – 31 Dec 2024115
1 Jan 2023 – 31 Dec 2023120
1 Jan 2022 – 31 Dec 2022131
1 Jan 2021 – 31 Dec 2021144
1 Jan 2020 – 31 Dec 2020127
1 Jan 2019 – 31 Dec 2019122
1 Jul 2017 – 30 Jun 2018132
1 Jul 2016 – 30 Jun 2017102
1 Jul 2015 – 30 Jun 2016123
1 Jul 2014 – 30 Jun 2015128
1 Jul 2013 – 30 Jun 2014121
1 Jul 2012 – 30 Jun 2013131
1 Jul 2011 – 30 Jun 2012144
1 Jul 2010 – 30 Jun 2011144
1 Jul 2009 – 30 Jun 2010119
1 Jul 2008 – 30 Jun 2009113
1 Jul 2007 – 30 Jun 2008118
1 Jul 2006 – 30 Jun 2007120
1 Jul 2005 – 30 Jun 200687

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
CEOMorten NygaardCurrent
CEONils-Peter Holm
CEOSøren Wortmann
CEOJesper Rasmussen
CEOSøren Wortmann
BoardJerrit KubeCurrent
BoardMorten NygaardCurrent
BoardTarek KeßlerCurrent
BoardTove Klemmensen
BoardSøren Wortmann
BoardJesper Rasmussen
BoardPeter Stubkjær Sørensen
BoardClaus Dalgaard Kristensen
BoardPoul Wentzer Licht
BoardSteen Winther
BoardClaus Fedder Sørensen
BoardTove Klemmensen
BoardSøren Wortmann
BoardUlrich Dölken
BoardCarsten Meyer
BoardJörg Burtscheidt
BoardCarsten Meyer
BoardJörg Burtscheidt
BoardStephan Rönn
BoardSøren Wortmann
Owner (100%)7days Praxis HoldCo ApSCurrent
Owner (100%)TO.WIN ApS
AuditorPartner Revision statsautoriseret revisionsaktieselskabCurrent
AuditorLEO OLSEN & DALGAARD STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSteen WintherCurrent
FounderTove KlemmensenCurrent

The CEOs' other companies

Morten Nygaard – 1 other companies

Nils-Peter Holm – 7 other companies, of which 2 bankrupt

Søren Wortmann – 6 other companies

Jesper Rasmussen – 14 other companies

Address history (2 moves)

Hammershusvej 16K, 7400 Herning
Hammershusvej 16I, 7400 Herning
Hammershusvej 3I, 7400 Herning

Former names

PRAXIS HERNING A/S – now
PRAXIS HERNING ApS –
PRAXIS KERTEMINDE ApS –

Employees per year

Number of employees at PRAXIS HERNING A/S per year6122011: 620112012: 720122013: 620132014: 820142015: 820152016: 720162017: 1220172018: 122018

Other companies at the same address

Similar companies in Herning

Questions and answers about PRAXIS HERNING A/S

Has PRAXIS HERNING A/S gone bankrupt?

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

What is the bankruptcy risk of PRAXIS HERNING A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of PRAXIS HERNING A/S?

Morten Nygaard is the CEO of PRAXIS HERNING A/S.

Who is the auditor of PRAXIS HERNING A/S?

PRAXIS HERNING A/S most recently used Partner Revision statsautoriseret revisionsaktieselskab.

When was PRAXIS HERNING A/S founded?

PRAXIS HERNING A/S was founded on 1 July 1995.

What is the equity of PRAXIS HERNING A/S?

Equity was DKK 4.0m 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.