MICHAEL NØRGAARD HOLDING ApS

CVR 26758424 · Private limited company (ApS) · Active · Low risk

MICHAEL NØRGAARD HOLDING ApS is a Private limited company (ApS), founded on , based in Ribe. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK 112.5m and a net result of DKK 3.6m. CEO: Michael Nørgaard, Susanne Biel Nørgaard.

Bankruptcy risk for MICHAEL NØRGAARD HOLDING ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

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
26758424
Status
Active
Company type
Private limited company (ApS)
Founded
(24 years)
Address
c/o Michael Nørgaard, Dagmarsgade 14
6760 Ribe
Municipality
Esbjerg
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 126k
Employees
1 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 24
Missing annual reportNo
Negative equityNo
Equity ratio99.8%
Current ratio20,771%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Net profitDKK 3.6mDKK 55.5m
EquityDKK 112.5mDKK 109.0m
Total assetsDKK 112.8mDKK 109.5m
CashDKK 5.1m–
Short-term debtDKK 182k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025172
1 Oct 2023 – 30 Sep 202459
1 Oct 2022 – 30 Sep 202359
1 Oct 2021 – 30 Sep 202261
1 Oct 2020 – 30 Sep 2021151
1 Oct 2019 – 30 Sep 202082
1 Oct 2018 – 30 Sep 2019109
1 Oct 2017 – 30 Sep 201899
1 Oct 2016 – 30 Sep 2017149
1 Oct 2015 – 30 Sep 201697
1 Oct 2014 – 30 Sep 2015104
1 Oct 2013 – 30 Sep 2014143
1 Oct 2012 – 30 Sep 2013141
1 Oct 2011 – 30 Sep 2012150
1 Oct 2010 – 30 Sep 2011145
1 Oct 2009 – 30 Sep 2010138
1 Oct 2008 – 30 Sep 2009131
1 Oct 2007 – 30 Sep 2008112
1 Oct 2006 – 30 Sep 2007115
1 Oct 2005 – 30 Sep 2006127

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 NørgaardCurrent
CEOSusanne Biel NørgaardCurrent
Owner (20%)Susanne Biel NørgaardCurrent
Owner (67%)Michael NørgaardCurrent
Owner (100%)Michael Nørgaard
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorREVISIONSCENTRET RIBE, GODKENDT REVISIONSANPARTSSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMichael NørgaardCurrent

The CEOs' other companies

Michael Nørgaard – 12 other companies, of which 1 bankrupt

Susanne Biel Nørgaard – 3 other companies

Address history (4 moves)

c/o Michael Nørgaard, Dagmarsgade 14, 6760 Ribe
Ø Vedsted Mark 28, 6760 Ribe
Ø Vedsted Mark 20, 6760 Ribe
Ø Vedsted Mark 20, 6760 Ribe
Nygade 20, 6760 Ribe

Employees per year

Number of employees at MICHAEL NØRGAARD HOLDING ApS per year232012: 120122013: 120132014: 320142015: 120152016: 120162017: 120172018: 12018

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about MICHAEL NØRGAARD HOLDING ApS

Has MICHAEL NØRGAARD HOLDING ApS gone bankrupt?

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

What is the bankruptcy risk of MICHAEL NØRGAARD HOLDING ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of MICHAEL NØRGAARD HOLDING ApS?

Michael Nørgaard, Susanne Biel Nørgaard are the CEOs of MICHAEL NØRGAARD HOLDING ApS.

Who is the auditor of MICHAEL NØRGAARD HOLDING ApS?

MICHAEL NØRGAARD HOLDING ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was MICHAEL NØRGAARD HOLDING ApS founded?

MICHAEL NØRGAARD HOLDING ApS was founded on 23 August 2002.

What is the equity of MICHAEL NØRGAARD HOLDING ApS?

Equity was DKK 112.5m 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.