NORTEC A/S
CVR 19992306 · Public limited company (A/S) · Active · Low risk
NORTEC A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry engroshandel med hvidevarer og elektriske husholdningsartikler. 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 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 102.1m and a net result of DKK 12.3m. CEO: Morten Elgaard Bak.
Bankruptcy risk for NORTEC A/S
0.0 × the average (1.41%) · higher risk than 15% of active Danish companies
Increases the risk
Reduces the risk
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
- 19992306
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (29 years)
- Address
- Ellehammersvej 16
7100 Vejle - Municipality
- Vejle
- Industry
- Engroshandel med hvidevarer og elektriske husholdningsartikler (464310)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr - Share capital
- DKK 1.3m
- Employees
- 69 (2018)
- Auditor
- DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 1 of 29 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 18.2% |
| Current ratio | 70% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 9 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 107.2m | DKK 102.7m | DKK 102.3m |
| Net profit | DKK 12.3m | DKK 17.8m | DKK 17.2m |
| Equity | DKK 102.1m | DKK 85.2m | DKK 67.3m |
| Total assets | DKK 560.0m | DKK 405.4m | DKK 339.1m |
| Cash | DKK 2.0m | DKK 930k | – |
| Short-term debt | DKK 142.1m | DKK 121.3m | – |
| Tax owed | – | DKK 4.3m | – |
| Avg. employees | 112 | 97 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 167 | ||
| 1 Jan 2024 – 31 Dec 2024 | 143 | ||
| 1 Jan 2023 – 31 Dec 2023 | 155 | ||
| 1 Jan 2022 – 31 Dec 2022 | 180 | ||
| 1 Jan 2021 – 31 Dec 2021 | 138 | ||
| 1 Jan 2020 – 31 Dec 2020 | 145 | ||
| 1 Jan 2019 – 31 Dec 2019 | 244 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 127 | ||
| 1 Jan 2017 – 31 Dec 2017 | 148 | ||
| 1 Jan 2016 – 31 Dec 2016 | 111 | ||
| 1 Jan 2015 – 31 Dec 2015 | 147 | ||
| 1 Jan 2014 – 31 Dec 2014 | 82 | ||
| 1 Jan 2013 – 31 Dec 2013 | 130 | ||
| 1 Jan 2012 – 31 Dec 2012 | 140 | ||
| 1 Jan 2011 – 31 Dec 2011 | 135 | ||
| 1 Jan 2010 – 31 Dec 2010 | 104 | ||
| 1 Jan 2009 – 31 Dec 2009 | 130 | ||
| 1 Jan 2008 – 31 Dec 2008 | 159 | ||
| 1 Jan 2007 – 31 Dec 2007 | 118 | ||
| 1 Jan 2006 – 31 Dec 2006 | 150 |
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 | Morten Elgaard Bak | Current | |
| CEO | Tom Steve Madsen | ||
| Board | Michael Sand | Current | |
| Board | Torben Bang | Current | |
| Board | Lars Tylvad Andersen | Current | |
| Board | Bjarne Lykkegård Riis | Current | |
| Board | Morten Elgaard Bak | Current | |
| Board | Henrik Sørensen | Current | |
| Board | Christian Lund Madsen | Current | |
| Board | Aase Madsen | ||
| Board | Maiken Sand | ||
| Board | Michael Friis | ||
| Board | Aage Ryssel Ramsgaard | ||
| Board | Tom Steve Madsen | ||
| Board | Finn Boel Pedersen | ||
| Board | Brian Kvist | ||
| Board | Robert Due Kvistgaard | ||
| Board | Jacob Amlund Jensen | ||
| Board | Jannie Sand | ||
| Board | Tom Steve Madsen | ||
| Board | Kim Lund Bennedbæk Clausen | ||
| Board | Robert Due Kvistgaard | ||
| Board | Lone Agergaard Jensen | ||
| Board | Jacob Amlund Jensen | ||
| Board | Lars Walter Høeg | ||
| Board | Jacob Amlund Jensen | ||
| Board | Dan Høgh Vium | ||
| Board | Steen Duus | ||
| Board | René Groesmeyer | ||
| Board | Steven Johnsen | ||
| Board | Thomas Larsen | ||
| Owner (15%) | 4M HOLDING ApS | Current | |
| Owner (33%) | Norland Invest ApS | Current | |
| Owner (10%) | Wepact ApS | Current | |
| Owner (25%) | STENSEMINDE HOLDING ApS | Current | |
| Owner (25%) | 4M HOLDING ApS | ||
| Owner (67%) | Norland Invest ApS | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | CMN HOLDING 2007 ApS | ||
| Auditor | ERNST & YOUNG DENMARK P/S | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | Datoselskabet af den 3. juli 2016 RVT P/S | ||
| Auditor | EY Godkendt Revisionspartnerselskab | ||
| Auditor | EY Godkendt Revisionspartnerselskab | ||
| Founder | Tom Steve Madsen | Current |
The CEOs' other companies
Morten Elgaard Bak – 11 other companies
- Bakker Dalby ApS Active
- Drivee ApS Fusioneret
- Ejendomsselskabet Bavne Ager A/S Active
- Kombine Technology ApS Active
- Mobak ApS Active
- Nørretorp, Herning ApS Fusioneret
- VG Dalby Bakker A/S Active
- VG Hotel Invest, Fredericia A/S Active
- VG Nørretorp, Herning A/S Active
- VG Skibet A/S Active
- VINDING INVEST ApS Active
Tom Steve Madsen – 4 other companies
- 4M HOLDING ApS Active
- Jatotec ApS Opløst
- Le Chasse IVS Opløst
- NORVIEW A/S Opløst
Address history (2 moves)
| Ellehammersvej 16, 7100 Vejle | |
| Ellehammersvej 16, 7100 Vejle | |
| Dianavej 14, 7100 Vejle |
Former names
| NORTEC A/S | – now |
| NORTEC SYSTEM A/S | – |
| VASCANDIC A/S | – |
Employees per year
Other companies at the same address
- 4M HOLDING ApS Active
- Jatotec ApS Opløst
- Kombine Technology ApS Active
- Le Chasse IVS Opløst
- NCTC 2020 ApS Opløst
- NORVIEW A/S Opløst
- SERVICE CENTRALEN A/S Active
- Virtu Professional Cycling ApS Fusioneret
- Wepact ApS Active
Similar companies in Vejle
- SERVICE CENTRALEN A/S Vejle
- NCTC 2020 ApS Vejle
- STENSGAARD HANDEL ApS Give
- Proice ApS Børkop
Questions and answers about NORTEC A/S
Has NORTEC A/S gone bankrupt?
No, NORTEC A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of NORTEC 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 NORTEC A/S?
Morten Elgaard Bak is the CEO of NORTEC A/S.
Who is the auditor of NORTEC A/S?
NORTEC A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was NORTEC A/S founded?
NORTEC A/S was founded on 26 March 1997.
What is the equity of NORTEC A/S?
Equity was DKK 102.1m 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.