NORCHEM A/S

CVR 21254649 · Public limited company (A/S) · Active · Low risk

NORCHEM A/S is a Public limited company (A/S), founded on 1 October 1998, based in Søborg. The company is registered in the industry gennemløbsholdingselskaber. 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 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.7bn and a net result of DKK 237.5m.

Bankruptcy risk for NORCHEM 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

Number of CEOs0 · bankruptcy rate 12.7%1.4×

RegionHovedstaden · bankruptcy rate 11.6%1.3×

CEO's other companies0 · bankruptcy rate 10.9%1.2×

Municipality changes3+ · bankruptcy rate 10.6%1.2×

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×

Current ratio500%+ · bankruptcy rate 1.5%0.17×

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×

Return on assets5%–15% · bankruptcy rate 3.5%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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: 21254649
Status: Active
Company type: Public limited company (A/S)
Founded: 1 October 1998 (28 years)
Address: c/o Tower77 ApS, Vandtårnsvej 77
2860 Søborg
Municipality: Gladsaxe
Industry: Gennemløbsholdingselskaber (642130)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 51.6m
Employees: 0 (2009)
Auditor: EY Godkendt Revisionspartnerselskab
Audit opted out: No

Warning signs

Annual reports filed late	4 of 27
Missing annual report	No
Negative equity	No
Equity ratio	99.9%
Current ratio	49,397%
Moves (last 2 years)	0
CEO changes in total	5
CEO's previous bankruptcies	0
Other companies at the address	76
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Revenue	DKK 0	DKK 0
Gross profit	DKK -4.3m	DKK -2.2m
Net profit	DKK 237.5m	DKK 397.4m
Equity	DKK 1.7bn	DKK 1.5bn
Total assets	DKK 1.7bn	DKK 1.5bn
Cash	DKK 140.2m	–
Short-term debt	DKK 1.8m	–
Tax owed	DKK 0	–
Avg. employees	1	–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · (venstre underskriver).

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	12 May 2026	132
1 Jan 2024 – 31 Dec 2024	30 Jun 2025	181
1 Jan 2023 – 31 Dec 2023	25 Jun 2024	177
1 Jan 2022 – 31 Dec 2022	3 Jul 2023	184	Late
1 Jan 2021 – 31 Dec 2021	1 Jul 2022	182
1 Jan 2020 – 31 Dec 2020	9 Jun 2021	160
1 Jan 2019 – 31 Dec 2019	27 May 2020	148
1 Jan 2018 – 31 Dec 2018	6 Jun 2019	157
1 Jan 2017 – 31 Dec 2017	29 May 2018	149
1 Jan 2016 – 31 Dec 2016	31 May 2017	151
1 Jan 2015 – 31 Dec 2015	1 Jun 2016	153
1 Jan 2014 – 31 Dec 2014	29 May 2015	149
1 Jan 2013 – 31 Dec 2013	4 Jun 2014	155
1 Jan 2012 – 31 Dec 2012	7 Jun 2013	158
1 Jan 2011 – 31 Dec 2011	7 Jun 2012	159
1 Jan 2010 – 31 Dec 2010	5 Jun 2011	156
1 Jan 2009 – 31 Dec 2009	12 Jul 2010	193	Late
1 Jan 2008 – 31 Dec 2008	14 Jun 2009	165
1 Jan 2007 – 31 Dec 2007	5 Aug 2008	218	Late
1 Jan 2006 – 31 Dec 2006	17 Jun 2007	168

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	Kim Madsen	1 Oct 1998	9 Mar 1999
CEO	Bernt Daniel Odfjell	28 Jan 2005	1 Nov 2016
CEO	Torgeir Steinhaug	1 Nov 2016	23 Oct 2023
Board	Peter Hald Appel	6 Oct 2017	Current
Board	Klaus Nyborg	27 Nov 2019	Current
Board	Laurence Ward Odfjell	27 Jun 2023	Current
Board	Peter Andreas Stakemann	1 Oct 1998	9 Mar 1999
Board	Ulrik Bent Jacobsen	9 Mar 1999	6 Oct 2017
Board	Christian Frank	9 Dec 2004	30 May 2009
Board	Charlotte Berggreen-Lagem	19 Jun 2009	31 May 2010
Board	Carl Fredrik Odfjell	31 May 2010	31 May 2016
Board	Laurence Ward Odfjell	12 Oct 2012	26 Jun 2023
Board	Bernt Daniel Odfjell	12 Oct 2012	23 Oct 2023
Board	Arild Toft	12 Oct 2012	26 Jun 2023
Board	Camilla Odfjell Gruer	31 May 2016	23 Oct 2023
Board	Carl Fredrik Odfjell	13 Nov 2018	23 Oct 2023
Board	Arild Toft	27 Jun 2023	7 May 2026
Owner (15%)	Bergen Chemship AS	4 Jul 2021	Current
Owner (5%)	Laurence Ward Odfjell	22 Aug 2021	Current
Owner (15%)	Norchem LWO Holding AS	22 Aug 2021	Current
Owner (10%)	Gruer AS	10 Sep 2021	Current
Owner (15%)	Norchem Norge AS	11 Sep 2021	Current
Owner (10%)	Rederiet Odfjell AS	29 Dec 2021	Current
Owner (15%)	SACAVI AS	17 Dec 2025	Current
Owner (15%)	Bernt Daniel Odfjell	28 Dec 2004	21 Aug 2021
Owner (15%)	Camilla Odfjell Gruer	28 Dec 2004	11 Sep 2021
Owner (15%)	Carl Fredrik Odfjell	28 Dec 2004	22 Aug 2021
Owner (25%)	Minde Investments Ltd.	18 Jun 2009	21 Jun 2019
Owner (5%)	Rederiet Odfjell AS	18 Jun 2015	28 Dec 2021
Owner (25%)	Laurence Ward Odfjell	21 Jun 2019	21 Aug 2021
Owner (15%)	Bernt Daniel Odfjell	22 Aug 2021	17 Dec 2025
Auditor	EY Godkendt Revisionspartnerselskab	10 Oct 2014	Current
Auditor	ERNST & YOUNG DENMARK P/S	1 Oct 1998	9 Mar 1999
Auditor	EY Danmark A/S	9 Mar 1999	2 Sep 2010
Auditor	ERNST & YOUNG DENMARK P/S	2 Sep 2010	10 Oct 2014
Founder	MEDIMEX ApS	1 Oct 1998	Current

The CEOs' other companies

Kim Madsen – 57 other companies, of which 57 bankrupt

01.08.2003, SJÆLLAND ApS Bankrupt 5 Nov 2004
1001 WATT ApS Bankrupt 29 Jan 2002
119987-JEH ApS Bankrupt 23 May 2014
13. JULI 2005 ApS Bankrupt 5 Sep 2005
1WAY2PRINT A/S Bankrupt 24 Jul 2003
24237982 A/S Bankrupt 25 Apr 2012
27768490 ApS Bankrupt 31 Aug 2011
2X INVEST ApS Bankrupt 12 Dec 2008
3 SIGMA ApS Bankrupt 9 Jun 2005
31. DECEMBER 2008 ApS Bankrupt 18 May 2009
3B HERNING ApS Bankrupt 20 Dec 2006
3L LIVSLANG LÆRING ApS Bankrupt 25 Apr 2006
4 X B HOLDING ApS Bankrupt 27 Aug 2020
4-MATION ApS Bankrupt 10 Nov 2005
4S SERVICE ApS Bankrupt 27 Jan 2009
4U2SMS INTERNATIONAL ApS Bankrupt 9 Oct 2003
A COMPANY ApS Bankrupt 11 Mar 2009
A+E ApS Bankrupt 22 Sep 2010
A-1-IMPORT ApS Bankrupt 5 May 2006
A-BYG INVEST ApS Bankrupt 14 Aug 2014
A/S AF 1.10.2002 Bankrupt 28 Oct 2003
A/S AF 30.9.2003 Bankrupt 28 Nov 2012
A/S ALFA EL VEJLE Bankrupt 18 Dec 2003
A/S BELDEN Bankrupt 5 Apr 2004
A/S DRAGERNE SERVICE & TRANSPORT Bankrupt 8 Aug 2002
A/S PETERS JUL Bankrupt 15 Jan 2007
A/S PSE 10 NR. 1930 Bankrupt 26 Aug 1997
A/S PSE NR. 5178 Bankrupt 11 May 1999
A/S PSE NR. 5653 Bankrupt 14 Oct 2003
AA - ENTREPRENØR ApS Bankrupt 14 Aug 2015

Address history (9 moves)

15 Nov 2023	c/o Tower77 ApS, Vandtårnsvej 77, 2860 Søborg
9 Oct 2017	c/o Gorrissen Federspiel Advokatpartnerselsk, Axeltorv 2, st. 1, 1609 København V
15 Sep 2016	c/o Bruun & Hjejle Advokatpartnerselskab, Nørregade 21, 1165 København K
25 Apr 2014	c/o Accura Advokatpartnerselskab, Tuborg Boulevard 1, 2900 Hellerup
16 Jul 2007	Store Kongensgade 40 g, 1264 København K
10 Dec 2004	Frederiksgade 11, st. tv, 1265 København K
14 May 2002	c/o Kromann Reumert, Sundkrogsgade 5, 2100 København Ø
31 May 2000	c/o Kromann Reumert, Rådhuspladsen 14, 1550 København V
23 Feb 2000	c/o Kromann Reumert Advokatfirma, Bredgade 26, 1260 København K
1 Oct 1998	c/o Advokatfirmaet Reumert & Partnere, Bredgade 26, 1260 København K

Former names

NORCHEM A/S	19 Jun 2009 – now
NORCHEM ApS	31 May 2000 – 18 Jun 2009
ODFJELL HOLDING ApS	10 Mar 1999 – 30 May 2000
ApS KBIL 35 NR. 1065	1 Oct 1998 – 9 Mar 1999

Employees per year

Other companies at the same address

A/S THE COPENHAGEN EXPORT CO Bankrupt
BEST SEAT ApS Bankrupt
DAHL & KJÆRGAARD HUMAN RESOURCES ApS Bankrupt
FISHFARMTECH DENMARK ApS Bankrupt
MM2 ApS Bankrupt
ALMIRALL ApS Active
Actera Management ApS Active
Ankerstjerne Medicals ApS Active
ApS SMBK NR. 106 Fusioneret
Attitude-IT ApS Active
BALCOM ApS Compulsorily dissolved
BEST TALENT A/S Active
BUSINESS INNOVATION & MARKETING A/S Opløst
BlackCap Fertility Fund GP ApS Opløst
C. SCHØNEMANN, AKTIESELSKAB Fusioneret
CCT & Co. ApS Active
CFF Investment EST 2016 ApS Active
CTD LEASING 1999 A/S Fusioneret
CTD LEASING 2000 A/S Fusioneret
CW PARTNER ApS Active
Cemchris Holding ApS Fusioneret
Clinical Ink Denmark ApS Active
Collin Watches and Jewellery ApS Active
Com Unity Holding ApS Active
Corpital Development ApS Active

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Questions and answers about NORCHEM A/S

Has NORCHEM A/S gone bankrupt?

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

What is the bankruptcy risk of NORCHEM 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 auditor of NORCHEM A/S?

NORCHEM A/S most recently used EY Godkendt Revisionspartnerselskab.

When was NORCHEM A/S founded?

NORCHEM A/S was founded on 1 October 1998.

What is the equity of NORCHEM A/S?

Equity was DKK 1.7bn 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.