ORDBOGEN A/S

CVR 26404037 · Public limited company (A/S) · Active · Low risk

ORDBOGEN A/S is a Public limited company (A/S), founded on , based in Odense M. The company is registered in the industry udgivelse af bøger. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 32.0m and a net result of DKK 6.4m. CEO: Michael Houlberg Walther.

Bankruptcy risk for ORDBOGEN A/S

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

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
26404037
Status
Active
Company type
Public limited company (A/S)
Founded
(24 years)
Address
Billedskærervej 8
5230 Odense M
Municipality
Odense
Industry
Udgivelse af bøger (581100)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 500k
Employees
76 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 24
Missing annual reportNo
Negative equityNo
Equity ratio29.0%
Current ratio16%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address22
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 71.3mDKK 77.7m
Net profitDKK 6.4mDKK 12.3m
EquityDKK 32.0mDKK 42.0m
Total assetsDKK 110.5mDKK 126.4m
CashDKK 1.3m–
Short-term debtDKK 62.8m–
Avg. employees71–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025146
1 Jan 2024 – 31 Dec 2024140
1 Jan 2023 – 31 Dec 2023172
1 Jan 2022 – 31 Dec 2022106
1 Jan 2021 – 31 Dec 2021125
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019182
1 Jan 2018 – 31 Dec 2018140
1 Jan 2017 – 31 Dec 2017120
1 Jan 2016 – 31 Dec 2016130
1 Jan 2015 – 31 Dec 2015120
1 Jan 2014 – 31 Dec 2014125
1 Jan 2013 – 31 Dec 201399
1 Jan 2012 – 31 Dec 2012113
1 Jan 2011 – 31 Dec 2011142
1 Jan 2010 – 31 Dec 2010125
1 Jan 2009 – 31 Dec 2009138
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007161
1 Jan 2006 – 31 Dec 2006158

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
CEOMichael Houlberg WaltherCurrent
BoardBjarni Lichtenberg NorddahlCurrent
BoardMichael Houlberg WaltherCurrent
BoardAnna Kromann AagaardCurrent
BoardLars Kristian SkaarupCurrent
BoardMogens Henrik FromCurrent
BoardJacob Ziirsen Hatt
BoardThomas Viisholm Thomsen
BoardJens Sand Gottlieb
BoardBettina Kjæp Sepstrup
BoardSøren Sundahl
BoardPeter Nørlund
BoardFrank Ramos Santana
BoardMichael Evan Goodsite
BoardPeter Nørlund
BoardKasper Kofoed Fisker
BoardMalte Gynther Borges
BoardMichael Hansen
Owner (90%)SEED ApSCurrent
Owner (10%)P. Revsbech Holding ApSCurrent
Owner (100%)SEED ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorERNST & YOUNG DENMARK P/S
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderJacob Ziirsen HattCurrent
FounderBjarni Lichtenberg NorddahlCurrent
FounderThomas Viisholm ThomsenCurrent
FounderMichael Houlberg WaltherCurrent

The CEOs' other companies

Michael Houlberg Walther – 10 other companies

Address history (4 moves)

Billedskærervej 8, 5230 Odense M
Billedskærervej 8, 5230 Odense M
Nørregade 77, 5000 Odense C
Højgårdsvej 32, 7000 Fredericia
Egedalsvænge 47, 3. mf, 2980 Kokkedal

Former names

ORDBOGEN A/S – now
ORDBOGEN ApS –
COOL SYSTEMS ApS –

Employees per year

Number of employees at ORDBOGEN A/S per year46912011: 3120112012: 3320122013: 4620132014: 6520142015: 6720152016: 9120162017: 7220172018: 762018

Other companies at the same address

Similar companies in Odense

Questions and answers about ORDBOGEN A/S

Has ORDBOGEN A/S gone bankrupt?

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

What is the bankruptcy risk of ORDBOGEN A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of ORDBOGEN A/S?

Michael Houlberg Walther is the CEO of ORDBOGEN A/S.

Who is the auditor of ORDBOGEN A/S?

ORDBOGEN A/S most recently used EY Godkendt Revisionspartnerselskab.

When was ORDBOGEN A/S founded?

ORDBOGEN A/S was founded on 19 December 2001.

What is the equity of ORDBOGEN A/S?

Equity was DKK 32.0m 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.