NORDIC SYSTEMS ApS

CVR 27068197 · Private limited company (ApS) · Active · Low risk

NORDIC SYSTEMS ApS is a Private limited company (ApS), founded on , based in Middelfart. The company is registered in the industry engroshandel med træ og byggematerialer samt sanitetsartikler. 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 (31 Dec 2025) shows equity of DKK 4.2m and a net result of DKK 1.6m. CEO: Laimonas Garbacenka.

Bankruptcy risk for NORDIC SYSTEMS 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

Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
27068197
Status
Active
Company type
Private limited company (ApS)
Founded
(23 years)
Address
Barmstedt Alle 17
5500 Middelfart
Municipality
Middelfart
Industry
Engroshandel med træ og byggematerialer samt sanitetsartikler (468300)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
11 (2018)
Auditor
DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 23
Missing annual reportNo
Negative equityNo
Equity ratio64.9%
Current ratio276%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 7.8mDKK 4.9mDKK 4.3m
Net profitDKK 1.6mDKK -300kDKK -122k
EquityDKK 4.2mDKK 2.6mDKK 2.9m
Total assetsDKK 6.5mDKK 6.3mDKK 5.6m
CashDKK 734kDKK 13k–
Short-term debtDKK 2.3mDKK 3.7m–
Tax owedDKK 56k––
Avg. employees99–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025120
1 Jan 2024 – 31 Dec 202462
1 Jan 2023 – 31 Dec 202371
1 Jan 2022 – 31 Dec 2022107
1 Jan 2021 – 31 Dec 202134
1 Jan 2020 – 31 Dec 202049
1 Jan 2019 – 31 Dec 201964
1 Jan 2018 – 31 Dec 2018126
1 Jan 2017 – 31 Dec 2017116
1 Jan 2016 – 31 Dec 2016144
1 Jan 2015 – 31 Dec 2015141
1 Jan 2014 – 31 Dec 201491
1 Jan 2013 – 31 Dec 201379
1 Jan 2012 – 31 Dec 2012135
1 Jan 2011 – 31 Dec 201194
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009140
1 Jan 2008 – 31 Dec 2008119
1 Jan 2007 – 31 Dec 2007164
1 Jan 2006 – 31 Dec 2006137

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
CEOLaimonas GarbacenkaCurrent
Owner (100%)LKG HOLDING ApSCurrent
AuditorDANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorFER Fyns Erhvervsrevision I/S
AuditorMP REVISION STATSAUTORISERET REVISIONSANPARTSSELSKAB
FounderRYTERNA UABCurrent

The CEOs' other companies

Laimonas Garbacenka – 3 other companies

Address history (2 moves)

Barmstedt Alle 17, 5500 Middelfart
Damsbovej 19D, 5492 Vissenbjerg
Industrivej 2, 5260 Odense S

Former names

NORDIC SYSTEMS ApS – now
RYTERNA DANMARK ApS –

Employees per year

Number of employees at NORDIC SYSTEMS ApS per year6122011: 1120112012: 1020122013: 820132014: 520142015: 920152016: 920162017: 1220172018: 112018

Similar companies in Middelfart

Questions and answers about NORDIC SYSTEMS ApS

Has NORDIC SYSTEMS ApS gone bankrupt?

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

What is the bankruptcy risk of NORDIC SYSTEMS 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 NORDIC SYSTEMS ApS?

Laimonas Garbacenka is the CEO of NORDIC SYSTEMS ApS.

Who is the auditor of NORDIC SYSTEMS ApS?

NORDIC SYSTEMS ApS most recently used DANSK REVISION ODENSE GODKENDT REVISIONSAKTIESELSKAB.

When was NORDIC SYSTEMS ApS founded?

NORDIC SYSTEMS ApS was founded on 28 February 2003.

What is the equity of NORDIC SYSTEMS ApS?

Equity was DKK 4.2m 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.