ESTER MADSEN HOLDING ApS

CVR 21862436 · Private limited company (ApS) · Active · Low risk

ESTER MADSEN HOLDING ApS is a Private limited company (ApS), founded on , based in Hvide Sande. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.6% 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 -312k and a net result of DKK -127k. CEO: Ester Johnsen Madsen.

Bankruptcy risk for ESTER MADSEN HOLDING ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
21862436
Status
Active
Company type
Private limited company (ApS)
Founded
(27 years)
Address
Metheasvej 10
6960 Hvide Sande
Municipality
Ringkøbing-Skjern
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 200k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 27
Missing annual reportNo
Negative equityYes
Equity ratio-266.6%
Current ratio1,786%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Net profitDKK -127kDKK 11kDKK 178k
EquityDKK -312kDKK -185kDKK -196k
Total assetsDKK 117kDKK 244kDKK 234k
CashDKK 8,841DKK 15k–
Short-term debtDKK 6,561DKK 6,561–
Avg. employees0––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025184 Late
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021165
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019190 Late
1 Jan 2018 – 31 Dec 2018170
1 Jan 2017 – 31 Dec 2017169
1 Jan 2016 – 31 Dec 2016138
1 Jan 2015 – 31 Dec 2015154
1 Jan 2014 – 31 Dec 2014183
1 Jan 2013 – 31 Dec 2013174
1 Jan 2012 – 31 Dec 2012180
1 Jan 2011 – 31 Dec 2011173
1 Jan 2010 – 31 Dec 2010130
1 Jan 2009 – 31 Dec 2009154
1 Jan 2008 – 31 Dec 200889
1 Jan 2007 – 31 Dec 200772
1 Jan 2006 – 31 Dec 2006133

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
CEOEster Johnsen MadsenCurrent
Owner (10%)Ester Johnsen MadsenCurrent
Owner (90%)Helga Høj MadsenCurrent
AuditorN44 ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderEster Johnsen MadsenCurrent

The CEOs' other companies

Ester Johnsen Madsen – 1 other companies

Address history (2 moves)

Metheasvej 10, 6960 Hvide Sande
Metheasvej 10, 6960 Hvide Sande
Metheasvej 10, 6960 Hvide Sande

Other companies at the same address

Similar companies in Ringkøbing-Skjern

Questions and answers about ESTER MADSEN HOLDING ApS

Has ESTER MADSEN HOLDING ApS gone bankrupt?

No, ESTER MADSEN HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of ESTER MADSEN HOLDING ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of ESTER MADSEN HOLDING ApS?

Ester Johnsen Madsen is the CEO of ESTER MADSEN HOLDING ApS.

Who is the auditor of ESTER MADSEN HOLDING ApS?

ESTER MADSEN HOLDING ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was ESTER MADSEN HOLDING ApS founded?

ESTER MADSEN HOLDING ApS was founded on 23 June 1999.

What is the equity of ESTER MADSEN HOLDING ApS?

Equity was DKK -312k 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.