Denray ApS

CVR 26601460 · Private limited company (ApS) · Active · Low risk

Denray ApS is a Private limited company (ApS), founded on 2 May 2002, based in Otterup. The company is registered in the industry engroshandel med læge- og hospitalsartikler. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 20 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 1.7m and a net result of DKK 1.5m.

Bankruptcy risk for Denray ApS

0.2%

probability of bankruptcy within 12 months

Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×

Annual reports filed late1 · bankruptcy rate 11.3%1.3×

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×

Employees (latest year)2–5 · bankruptcy rate 10.3%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×

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Current ratio200%–500% · bankruptcy rate 3.4%0.39×

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

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

Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

Return on assets15%+ · 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: 26601460
Status: Active
Company type: Private limited company (ApS)
Founded: 2 May 2002 (24 years)
Address: Nr Næråvej 12
5450 Otterup
Municipality: Nordfyns
Industry: Engroshandel med læge- og hospitalsartikler (464620)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital: DKK 125k
Employees: 2 (2018)
Auditor: DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB
Audit opted out: Yes

Warning signs

Annual reports filed late	1 of 23
Missing annual report	No
Negative equity	No
Equity ratio	53.4%
Current ratio	215%
Moves (last 2 years)	0
CEO changes in total	2
CEO's previous bankruptcies	0
Other companies at the address	3
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK 3.2m	DKK 1.9m
Net profit	DKK 1.5m	DKK 563k
Equity	DKK 1.7m	DKK 913k
Total assets	DKK 3.1m	DKK 1.9m
Cash	DKK 528k	–
Short-term debt	DKK 1.4m	–
Avg. employees	3	–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB.

Filed annual reports

Reporting period	Published	Days after period end
1 Jul 2024 – 30 Jun 2025	19 Dec 2025	172
1 Jul 2023 – 30 Jun 2024	20 Dec 2024	173
1 Jul 2022 – 30 Jun 2023	22 Dec 2023	175
1 Jul 2021 – 30 Jun 2022	22 Dec 2022	175
1 Jul 2020 – 30 Jun 2021	8 Nov 2021	131
1 Jul 2019 – 30 Jun 2020	9 Dec 2020	162
1 Jul 2018 – 30 Jun 2019	6 Dec 2019	159
1 Jul 2017 – 30 Jun 2018	31 Oct 2018	123
1 Jul 2016 – 30 Jun 2017	28 Nov 2017	151
1 Jul 2015 – 30 Jun 2016	15 Nov 2016	138
1 Jul 2014 – 30 Jun 2015	11 Dec 2015	164
1 Jul 2013 – 30 Jun 2014	15 Dec 2014	168
1 Jul 2012 – 30 Jun 2013	20 Dec 2013	173
1 Jul 2011 – 30 Jun 2012	18 Dec 2012	171
1 Jul 2010 – 30 Jun 2011	11 Dec 2011	164
1 Jul 2009 – 30 Jun 2010	5 Dec 2010	158
1 Jul 2008 – 30 Jun 2009	11 Oct 2009	103
1 Jul 2007 – 30 Jun 2008	3 Dec 2008	156
1 Jul 2006 – 30 Jun 2007	16 Dec 2007	169
1 Jul 2005 – 30 Jun 2006	20 Dec 2006	173

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	2 May 2002	24 May 2002
CEO	Kurt Rene Bang	24 May 2002	13 Mar 2020
Owner (100%)	Nohrea Holding ApS	20 Dec 2018	Current
Owner (100%)	Kurt Rene Bang	24 May 2002	20 Dec 2018
Auditor	ERNST & YOUNG DENMARK P/S	2 May 2002	24 May 2002
Auditor	LEO OLSEN & DALGAARD STATSAUTORISERET REVISIONSAKTIESELSKAB	24 May 2002	12 Dec 2006
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	12 Dec 2006	23 Sep 2009
Auditor	HUNDERUP HOLDING GODKENDT REVISIONSAKTIESELSKAB	23 Sep 2009	5 Dec 2011
Auditor	AIDER Godkendt Revisionsaktieselskab	1 Oct 2013	1 Oct 2013
Founder	ANPARTSSELSKABET STAKEMANN	2 May 2002	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 (5 moves)

7 Nov 2022	Nr Næråvej 12, 5450 Otterup
16 Oct 2019	Landbrugsvej 4, 5260 Odense S
17 Oct 2013	Stenosgade 6, 5230 Odense M
3 Nov 2004	Ove Gjeddes Vej 3, 5220 Odense SØ
24 May 2002	c/o Rene Bang, Stenosgade 6, 5230 Odense M
2 May 2002	c/o Stakemann A/S, Kronprinsessegade 18, 1306 København K

Former names

Denray ApS	20 Aug 2018 – now
R.B. TEKNIK ApS	3 Jan 2013 – 19 Aug 2018
VALCADAN ApS	24 May 2002 – 2 Jan 2013
ApS KBUS 38 NR. 4910	2 May 2002 – 23 May 2002

Employees per year

Other companies at the same address

Questions and answers about Denray ApS

Has Denray ApS gone bankrupt?

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

What is the bankruptcy risk of Denray ApS?

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

Who is the auditor of Denray ApS?

Denray ApS most recently used DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB.

When was Denray ApS founded?

Denray ApS was founded on 2 May 2002.

What is the equity of Denray ApS?

Equity was DKK 1.7m according to the annual report for the period ending 30 June 2025.

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