K.H. SMEDE-MASKINVÆRKSTED ApS

CVR 20650141 · Private limited company (ApS) · Active · Low risk

K.H. SMEDE-MASKINVÆRKSTED ApS is a Private limited company (ApS), founded on , based in Nørre Aaby. The company is registered in the industry fremstilling af andre færdige metalprodukter i.a.n.. 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, 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 470k and a net result of DKK 163k. CEO: Kurt Steen Hansen.

Bankruptcy risk for K.H. SMEDE-MASKINVÆRKSTED ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes1 · bankruptcy rate 11.4%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
20650141
Status
Active
Company type
Private limited company (ApS)
Founded
(28 years)
Address
Margaardvej 66
5580 Nørre Aaby
Municipality
Middelfart
Industry
Fremstilling af andre færdige metalprodukter i.a.n. (259900)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 125k
Employees
3 (2018)
Auditor
RSM Danmark, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 28
Missing annual reportNo
Negative equityNo
Equity ratio77.9%
Current ratio453%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 320kDKK 677kDKK 1.4m
Net profitDKK 163kDKK 301kDKK 678k
EquityDKK 470kDKK 607kDKK 905k
Total assetsDKK 603kDKK 783kDKK 1.3m
CashDKK 499kDKK 447k–
Short-term debtDKK 133kDKK 175k–
Tax owed–DKK 86k–
Avg. employees12–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · RSM Danmark, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024172
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021159
1 Jan 2020 – 31 Dec 2020190 Late
1 Jan 2019 – 31 Dec 2019244 Late
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017155
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015158
1 Jan 2014 – 31 Dec 2014178
1 Jan 2013 – 31 Dec 2013157
1 Jan 2012 – 31 Dec 2012158
1 Jan 2011 – 31 Dec 2011165
1 Jan 2010 – 31 Dec 2010172
1 Jan 2009 – 31 Dec 2009153
1 Jan 2008 – 31 Dec 2008123
1 Jan 2007 – 31 Dec 2007142
1 Jan 2006 – 31 Dec 2006165

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
CEOKurt Steen HansenCurrent
BoardKurt Steen HansenCurrent
Owner (100%)KURT STEEN HANSEN HOLDING ApSCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorREVISIONSFIRMAET EGEKVIST
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorAIDER Godkendt Revisionsaktieselskab
FounderSteen KjølbyCurrent
FounderLene RasmussenCurrent
FounderKurt Steen HansenCurrent

The CEOs' other companies

Kurt Steen Hansen – 3 other companies

Address history (2 moves)

Margaardvej 66, 5580 Nørre Aaby
Margaardvej 66, 5580 Nørre Aaby
Margaardvej 66, 5580 Nørre Aaby

Employees per year

Number of employees at K.H. SMEDE-MASKINVÆRKSTED ApS per year242011: 420112012: 320122013: 420132014: 220142015: 320152016: 320162017: 320172018: 32018

Other companies at the same address

Similar companies in Middelfart

Questions and answers about K.H. SMEDE-MASKINVÆRKSTED ApS

Has K.H. SMEDE-MASKINVÆRKSTED ApS gone bankrupt?

No, K.H. SMEDE-MASKINVÆRKSTED ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of K.H. SMEDE-MASKINVÆRKSTED ApS?

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 K.H. SMEDE-MASKINVÆRKSTED ApS?

Kurt Steen Hansen is the CEO of K.H. SMEDE-MASKINVÆRKSTED ApS.

Who is the auditor of K.H. SMEDE-MASKINVÆRKSTED ApS?

K.H. SMEDE-MASKINVÆRKSTED ApS most recently used RSM Danmark, Statsautoriseret Revisionspartnerselskab.

When was K.H. SMEDE-MASKINVÆRKSTED ApS founded?

K.H. SMEDE-MASKINVÆRKSTED ApS was founded on 26 January 1998.

What is the equity of K.H. SMEDE-MASKINVÆRKSTED ApS?

Equity was DKK 470k 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.