ARTWORK SYSTEMS NORDIC A/S

CVR 20284307 · Public limited company (A/S) · Active · Low risk

ARTWORK SYSTEMS NORDIC A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry andre it- og computerserviceaktiviteter. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 606k and a net result of DKK -1.4m. CEO: Paw Meng Mortensen.

Bankruptcy risk for ARTWORK SYSTEMS NORDIC A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×

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
20284307
Status
Active
Company type
Public limited company (A/S)
Founded
(29 years)
Address
Pottemagervej 1
7100 Vejle
Municipality
Vejle
Industry
Andre IT- og computerserviceaktiviteter (629000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 500k
Employees
10 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 28
Missing annual reportNo
Negative equityNo
Equity ratio6.3%
Current ratio112%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 6.1mDKK 7.2mDKK 6.1m
Net profitDKK -1.4mDKK 343kDKK 210k
EquityDKK 606kDKK 2.0mDKK 424k
Total assetsDKK 9.6mDKK 14.6mDKK 5.9m
CashDKK 1.0mDKK 6.5m–
Short-term debtDKK 8.4mDKK 12.1m–
Avg. employees98–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022188 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020186 Late
1 Jan 2019 – 31 Dec 2019245 Late
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017165
1 Jan 2016 – 31 Dec 2016163
1 Jan 2015 – 31 Dec 2015159
1 Jan 2014 – 31 Dec 2014142
1 Jan 2013 – 31 Dec 2013174
1 Jan 2012 – 31 Dec 2012168
1 Jan 2011 – 31 Dec 2011177
1 Jan 2010 – 31 Dec 2010158
1 Jan 2009 – 31 Dec 2009168
1 Jan 2008 – 31 Dec 2008180
1 Jan 2007 – 31 Dec 2007163
1 Jan 2006 – 31 Dec 2006151

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
CEOPaw Meng MortensenCurrent
CEOVictor Christoffersen
CEOLars Heise Korsgaard
BoardPaw Meng MortensenCurrent
BoardSøren Bernhard LindegaardCurrent
BoardRikke Riber KristjansenCurrent
BoardSøren BoeCurrent
BoardVictor Christoffersen
BoardSebastian Benjamin Bahn Christoffersen
BoardHelen Mimi Janniche
BoardLars Heise Korsgaard
BoardFrits Korsgaard
BoardErling Steen Christensen
BoardDiana Korsgaard
BoardUlla Riber Mortensen
Owner (100%)SCANDIGRAPH ApSCurrent
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorNis Jørn Bennetzen
AuditorLeon Pinholt
AuditorREVISIONSFIRMAET EGEKVIST
AuditorLP Revision & rådgivning
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderVICTOR CHRISTOFFERSEN ApSCurrent

The CEOs' other companies

Paw Meng Mortensen – 6 other companies, of which 1 bankrupt

Victor Christoffersen – 45 other companies, of which 45 bankrupt

Lars Heise Korsgaard – 5 other companies, of which 1 bankrupt

Address history (5 moves)

Pottemagervej 1, 7100 Vejle
Ladegårdsvej 16, st., 7100 Vejle
Industrivej 67, 7080 Børkop
Stensgårdvej 4, 5500 Middelfart
Stensgårdvej 4, 5500 Middelfart
Jernbanegade 75, 5500 Middelfart

Former names

ARTWORK SYSTEMS NORDIC A/S – now
VICH 5226 A/S –

Employees per year

Number of employees at ARTWORK SYSTEMS NORDIC A/S per year5102011: 920112012: 920122013: 1020132014: 920142015: 920152016: 820162017: 920172018: 102018

Other companies at the same address

Similar companies in Vejle

Questions and answers about ARTWORK SYSTEMS NORDIC A/S

Has ARTWORK SYSTEMS NORDIC A/S gone bankrupt?

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

What is the bankruptcy risk of ARTWORK SYSTEMS NORDIC A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of ARTWORK SYSTEMS NORDIC A/S?

Paw Meng Mortensen is the CEO of ARTWORK SYSTEMS NORDIC A/S.

Who is the auditor of ARTWORK SYSTEMS NORDIC A/S?

ARTWORK SYSTEMS NORDIC A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was ARTWORK SYSTEMS NORDIC A/S founded?

ARTWORK SYSTEMS NORDIC A/S was founded on 1 July 1997.

What is the equity of ARTWORK SYSTEMS NORDIC A/S?

Equity was DKK 606k 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.