Smallworld Nordic Denmark A/S

CVR 21695033 · Public limited company (A/S) · Active · Low risk

Smallworld Nordic Denmark A/S is a Public limited company (A/S), founded on 4 May 1999, based in Herning. The company is registered in the industry computerprogrammering. 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 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.2m and a net result of DKK 818k.

Bankruptcy risk for Smallworld Nordic Denmark 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×

Number of CEOs0 · bankruptcy rate 12.7%1.4×

Website registeredYes · bankruptcy rate 12.0%1.4×

Other companies at the same address100+ · bankruptcy rate 11.5%1.3×

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

Municipality changes3+ · bankruptcy rate 10.6%1.2×

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Postcode changes3+ · bankruptcy rate 10.2%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×

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

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

Company typeA/S · bankruptcy rate 4.4%0.50×

Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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: 21695033
Status: Active
Company type: Public limited company (A/S)
Founded: 4 May 1999 (27 years)
Address: Birk Centerpark 40
7400 Herning
Municipality: Herning
Industry: Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital: DKK 769k
Employees: 7 (2018)
Auditor: MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out: No

Warning signs

Annual reports filed late	2 of 27
Missing annual report	No
Negative equity	No
Equity ratio	11.2%
Current ratio	112%
Moves (last 2 years)	0
CEO changes in total	2
CEO's previous bankruptcies	0
Other companies at the address	206
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024	2023
Gross profit	DKK 7.2m	DKK 8.5m	DKK 6.5m
Net profit	DKK 818k	DKK 261k	DKK -1.7m
Equity	DKK 1.2m	DKK 408k	DKK 148k
Total assets	DKK 11.0m	DKK 6.6m	DKK 5.5m
Cash	DKK 4.3m	DKK 668k	–
Short-term debt	DKK 9.7m	DKK 6.2m	–
Avg. employees	7	9	–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	8 Apr 2026	98
1 Jan 2024 – 31 Dec 2024	17 Feb 2025	48
1 Jan 2023 – 31 Dec 2023	1 Mar 2024	61
1 Jan 2022 – 31 Dec 2022	4 Apr 2023	94
1 Jan 2021 – 31 Dec 2021	27 May 2022	147
1 Jan 2020 – 31 Dec 2020	5 Jul 2021	186	Late
1 Jan 2019 – 31 Dec 2019	3 Sep 2020	247	Late
1 Jan 2018 – 31 Dec 2018	20 Mar 2019	79
1 Jan 2017 – 31 Dec 2017	17 May 2018	137
1 Jan 2016 – 31 Dec 2016	9 May 2017	129
1 Jan 2015 – 31 Dec 2015	13 Jun 2016	165
1 Jan 2014 – 31 Dec 2014	6 May 2015	126
1 Jan 2013 – 31 Dec 2013	4 Jun 2014	155
1 Jan 2012 – 31 Dec 2012	21 Jun 2013	172
1 Jan 2011 – 31 Dec 2011	24 Apr 2012	115
1 Jan 2010 – 31 Dec 2010	4 Apr 2011	94
1 Jan 2009 – 31 Dec 2009	19 May 2010	139
1 Jan 2008 – 31 Dec 2008	25 May 2009	145
1 Jan 2007 – 31 Dec 2007	21 May 2008	142
1 Jan 2006 – 31 Dec 2006	5 Jun 2007	156

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	Rolf Abraham Hillestad	13 Aug 2019	19 Dec 2024
Board	Albert Andreas Bjørnsund	15 Mar 2019	Current
Board	Rolf Abraham Hillestad	19 Dec 2024	Current
Board	Abdi Lykke Haibeh	1 Jan 2026	Current
Board	Daniel Morthorst Skov	1 Jan 2026	Current
Board	Øyvind Michelet Berntsen	1 Jul 2026	Current
Board	Jens Martin Hyldgaard-Jensen	4 May 1999	7 Jun 1999
Board	Nicolai Dragsted	4 May 1999	8 Mar 2006
Board	Ulrik Balslev	4 May 1999	15 Mar 2019
Board	Bjarne Schytte	7 Jun 1999	8 Mar 2006
Board	Terence Richard Phebey	14 Apr 2005	2 Jan 2007
Board	Jan Plenge	30 May 2007	1 Jan 2011
Board	Lars Rønning	30 May 2007	20 May 2008
Board	Jens Nielsen	30 May 2007	15 Mar 2019
Board	Jacob Gliemann Larsen	20 May 2008	15 Mar 2019
Board	Lars Struwe Christensen	15 Mar 2019	30 Sep 2019
Board	Rolf Abraham Hillestad	15 Mar 2019	12 Aug 2019
Board	Rolf Abraham Hillestad	13 Aug 2019	18 Dec 2024
Board	Øyvind Michelet Berntsen	17 Oct 2019	30 Jun 2026
Owner (100%)	Smallworld Systems AS	5 Feb 2019	Current
Owner (100%)	BALSLEV HOLDING ApS	30 Dec 2010	9 Jun 2016
Owner (67%)	BALSLEV HOLDING ApS	10 Jun 2016	5 Feb 2019
Owner (25%)	Macrotrends Holding ApS	10 Jun 2016	5 Feb 2019
Auditor	MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB	6 Jan 2023	Current
Auditor	Søren Jonassen	4 May 1999	14 Apr 2004
Auditor	HORWATH REVISORERNE STATSAUTORISERET REVISIONSINTERESSENTSKAB	14 Apr 2004	11 Jan 2011
Auditor	CROWE STATSAUTORISERET REVISIONSINTERESSENTSKAB	11 Jan 2011	6 Jan 2023
Founder	Ulrik Balslev	4 May 1999	Current

Address history (4 moves)

6 Jan 2021	Birk Centerpark 40, 7400 Herning
16 May 2017	Toldbodgade 55B, 2., 1253 København K
2 Sep 2010	Tobaksvejen 25, 2. th, 2860 Søborg
9 Jun 2008	Ved Klædebo 12E, 2970 Hørsholm
4 May 1999	Lyngsø Alle 3, 2970 Hørsholm

Former names

Smallworld Nordic Denmark A/S	28 Mar 2022 – now
BREAKOUTIMAGE A/S	4 May 1999 – 27 Mar 2022

Employees per year

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Questions and answers about Smallworld Nordic Denmark A/S

Has Smallworld Nordic Denmark A/S gone bankrupt?

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

What is the bankruptcy risk of Smallworld Nordic Denmark 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 auditor of Smallworld Nordic Denmark A/S?

Smallworld Nordic Denmark A/S most recently used MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Smallworld Nordic Denmark A/S founded?

Smallworld Nordic Denmark A/S was founded on 4 May 1999.

What is the equity of Smallworld Nordic Denmark A/S?

Equity was DKK 1.2m 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.