VICSAT A/S

CVR 26224721 · Public limited company (A/S) · Active · Medium risk

VICSAT A/S is a Public limited company (A/S), founded on 12 September 2001, based in Skanderborg. The company is registered in the industry engroshandel med andre maskiner og andet udstyr. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 43k and a net result of DKK 402. CEO: Michael Olsen.

Bankruptcy risk for VICSAT A/S

2.3%

probability of bankruptcy within 12 months

Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×

Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×

Audit opted outYes · bankruptcy rate 10.4%1.2×

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Auditor registered in CVRNo · bankruptcy rate 10.4%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×

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×

Negative equityNo · bankruptcy rate 5.1%0.58×

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: 26224721
Status: Active
Company type: Public limited company (A/S)
Founded: 12 September 2001 (25 years)
Address: Æblehaven 4
8660 Skanderborg
Municipality: Skanderborg
Industry: Engroshandel med andre maskiner og andet udstyr (466400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital: DKK 500k
Employees: 0 (2011)
Auditor: Revisionsfirmaet Erling Thomsen
Audit opted out: Yes

Warning signs

Annual reports filed late	2 of 24
Missing annual report	No
Negative equity	No
Equity ratio	100.0%
Current ratio	–
Moves (last 2 years)	0
CEO changes in total	0
CEO's previous bankruptcies	0
Other companies at the address	1
Going-concern uncertainty	Yes

Financials and key figures

Financial year	2025	2024	2023
Gross profit	DKK 402	DKK -4,389	DKK 6,584
Net profit	DKK 402	DKK -3,156	DKK 6,583
Equity	DKK 43k	DKK 43k	DKK 46k
Total assets	DKK 43k	DKK 45k	DKK 48k
Cash	DKK 43k	DKK 31k	–
Short-term debt	DKK 0	DKK 1,937	–
Avg. employees	0	1	–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisionsfirmaet Erling Thomsen.

Filed annual reports

Reporting period	Published	Days after period end
1 Oct 2024 – 30 Sep 2025	22 Mar 2026	173
1 Oct 2023 – 30 Sep 2024	16 Feb 2025	139
1 Oct 2022 – 30 Sep 2023	22 Mar 2024	174
1 Oct 2021 – 30 Sep 2022	17 Mar 2023	168
1 Oct 2020 – 30 Sep 2021	7 Feb 2022	130
1 Oct 2019 – 30 Sep 2020	15 Jan 2021	107
1 Oct 2018 – 30 Sep 2019	28 Feb 2020	151
1 Oct 2017 – 30 Sep 2018	28 Feb 2019	151
1 Oct 2016 – 30 Sep 2017	24 Feb 2018	147
1 Oct 2015 – 30 Sep 2016	28 Feb 2017	151
1 Oct 2014 – 30 Sep 2015	8 Mar 2016	160
1 Oct 2013 – 30 Sep 2014	21 Oct 2014	21
1 Oct 2012 – 30 Sep 2013	19 Mar 2014	170
1 Oct 2011 – 30 Sep 2012	26 Mar 2013	177
1 Oct 2010 – 30 Sep 2011	28 Feb 2012	151
1 Oct 2009 – 30 Sep 2010	14 Mar 2011	165
1 Oct 2008 – 30 Sep 2009	21 Apr 2010	203	Late
1 Oct 2007 – 30 Sep 2008	1 Mar 2009	152
1 Oct 2006 – 30 Sep 2007	3 Mar 2008	155
1 Oct 2005 – 30 Sep 2006	28 Feb 2007	151

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	Michael Olsen	12 Sep 2001	Current
Board	Michael Olsen	28 Feb 2006	Current
Board	Inger Olsen	28 Feb 2006	Current
Board	Dennis Olsen	27 Feb 2008	Current
Board	Mogens Stampe Rüdiger	28 Feb 2006	27 Feb 2008
Owner (100%)	CALI - HOLDING ApS	12 Sep 2001	Current
Auditor	Erling Thomsen	12 Sep 2001	28 Feb 2014
Founder	Michael Olsen	12 Sep 2001	Current

The CEOs' other companies

Michael Olsen – 3 other companies

Address history (4 moves)

24 Apr 2013	Æblehaven 4, 8660 Skanderborg
1 Jan 2007	Industrivej 10B, 8680 Ry
15 Apr 2006	Industrivej 10B, 8680 Ry
7 Apr 2003	Danmarksvej 30B, 8660 Skanderborg
12 Sep 2001	Adelgade 114, 8660 Skanderborg

Former names

VICSAT A/S	28 Feb 2006 – now
VICSAT ApS	12 Sep 2001 – 27 Feb 2006

Employees per year

Other companies at the same address

CALI - HOLDING ApS Active

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Questions and answers about VICSAT A/S

Has VICSAT A/S gone bankrupt?

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

What is the bankruptcy risk of VICSAT A/S?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of VICSAT A/S?

Michael Olsen is the CEO of VICSAT A/S.

Who is the auditor of VICSAT A/S?

VICSAT A/S most recently used Revisionsfirmaet Erling Thomsen.

When was VICSAT A/S founded?

VICSAT A/S was founded on 12 September 2001.

What is the equity of VICSAT A/S?

Equity was DKK 43k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.