ILLUM A/S
CVR 27355943 · Public limited company (A/S) · Active · Medium risk
ILLUM A/S is a Public limited company (A/S), founded on , based in København K. The company is registered in the industry anden ikke-specialiseret detailhandel. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -34.3m and a net result of DKK -46.8m.
Bankruptcy risk for ILLUM A/S
1.4%
probability of bankruptcy within 12 months
Medium risk
1.0 × the average (1.41%) · higher risk than 75% of active Danish companies
Lowest riskHighest risk
Increases the risk
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Reduces the risk
Reporting classReporting class C, large enterprise · bankruptcy rate 0.2%0.03×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · 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
- 27355943
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (23 years)
- Address
- Østergade 52
1100 København K - Municipality
- København
- Industry
- Anden ikke-specialiseret detailhandel (471200)
Bankruptcies in the industry: Tøjforretninger - Share capital
- DKK 922.9m
- Employees
- 252 (2018)
- Auditor
- KPMG P/S
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 22 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -6.8% |
| Current ratio | 52% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 8 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 21 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | DKK 466.9m | – | – |
| Gross profit | DKK 58.8m | DKK 58.4m | DKK 14.6m |
| Net profit | DKK -46.8m | DKK -45.5m | DKK -74.4m |
| Equity | DKK -34.3m | DKK 12.6m | DKK 58.1m |
| Total assets | DKK 506.3m | DKK 475.3m | DKK 415.4m |
| Cash | DKK 113.0m | DKK 50.7m | – |
| Short-term debt | DKK 537.0m | DKK 458.8m | – |
| Avg. employees | 206,000 | 208,000 | – |
Latest annual report: Reporting class C, large enterprise · auditor's statement: Auditor's report on audited financial statements · KPMG.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 153 | ||
| 1 Jan 2024 – 31 Dec 2024 | 106 | ||
| 1 Jan 2023 – 31 Dec 2023 | 159 | ||
| 1 Jan 2022 – 31 Dec 2022 | 90 | ||
| 1 Jan 2021 – 31 Dec 2021 | 103 | ||
| 1 Jan 2020 – 31 Dec 2020 | 90 | ||
| 1 Jan 2019 – 31 Dec 2019 | 100 | ||
| 1 Jan 2018 – 31 Dec 2018 | 127 | ||
| 1 Jan 2017 – 31 Dec 2017 | 82 | ||
| 1 Jan 2016 – 31 Dec 2016 | 108 | ||
| 1 Jan 2015 – 31 Dec 2015 | 116 | ||
| 1 Jan 2014 – 31 Dec 2014 | 82 | ||
| 1 Jan 2013 – 31 Dec 2013 | 144 | ||
| 1 Jan 2012 – 31 Dec 2012 | 143 | ||
| 1 Jan 2011 – 31 Dec 2011 | 143 | ||
| 1 Mar 2010 – 31 Dec 2010 | 181 | ||
| 1 Mar 2009 – 28 Feb 2010 | 149 | ||
| 1 Mar 2008 – 28 Feb 2009 | 169 | ||
| 1 Mar 2007 – 29 Feb 2008 | 152 | ||
| 1 Mar 2006 – 28 Feb 2007 | 117 |
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 | Carsten Kultoft Lorentsen | ||
| CEO | Russell Paul Jewell | ||
| CEO | Russell Paul Jewell | ||
| CEO | Skarphedinn Berg Steinarsson | ||
| CEO | Birgir Thor Bieltvedt | ||
| CEO | Adriano Baffi | ||
| Board | Vittorio Radice | Current | |
| Board | Jeanette Aaen | Current | |
| Board | Renown Dej-Udom | Current | |
| Board | Peter Vinther Bjerregaard | ||
| Board | Carsten Kultoft Lorentsen | ||
| Board | Asger Heine Jensen | ||
| Board | Tage Benjaminsen | ||
| Board | Tage Benjaminsen | ||
| Board | Russell Paul Jewell | ||
| Board | Russell Paul Jewell | ||
| Board | David Scott Floyd | ||
| Board | David Scott Floyd | ||
| Board | Lars Liebst Poulsen | ||
| Board | Steven Mark Glassman | ||
| Board | Claus Abildstrøm | ||
| Board | Birgir Thor Bieltvedt | ||
| Board | Skarphedinn Berg Steinarsson | ||
| Board | Jon Asgeir Johannesson | ||
| Board | Gudmundur Thordarson | ||
| Board | Jonny Thorsted Jonasson | ||
| Board | Birgir Thor Bieltvedt | ||
| Board | Donald McCarthy | ||
| Board | Gunnar Snævar Sigurdsson | ||
| Board | Oscar Claudius Crohn | ||
| Board | Johan Ewald Lorentzen | ||
| Board | Vincent Marie Georges Fernand de Canniére | ||
| Board | Alberto Baldan | ||
| Board | Sean Christopher Hill | ||
| Board | Alberto Baldan | ||
| Board | Stefano Della Valle | ||
| Owner (90%) | CRC Luxembourg S.á.r.l. | Current | |
| Owner (100%) | La Rinascente S.p.A. | ||
| Owner (90%) | La Rinascente S.p.A. | ||
| Owner (5%) | Vittorio Radice | ||
| Auditor | KPMG P/S | Current | |
| Auditor | ERNST & YOUNG DENMARK P/S | ||
| Auditor | ERNST & YOUNG DENMARK P/S | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | CJ Partnership I/S | ||
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | EY Godkendt Revisionspartnerselskab | ||
| Founder | Carsten Kultoft Lorentsen | Current | |
| Founder | Carsten Kultoft Lorentsen |
The CEOs' other companies
Carsten Kultoft Lorentsen – 58 other companies, of which 16 bankrupt
- AFVIKLINGSSELSKABET AF 19. SEPTEMBER 2003 A/S Bankrupt 10 Oct 2003
- AKTIESELSKABET NØRRERIIS, RANDERS Bankrupt 9 Nov 1994
- CPHI-Holding A/S Bankrupt 8 Aug 2025
- D S SPORT ApS Bankrupt 3 Jul 1989
- DANSK AUTO FINANS A/S Bankrupt 8 Jul 2004
- EJENDOMSSELSKABET AF 12.12. 1984 ApS Bankrupt 9 Nov 1990
- ERHVERVSINVESTERING SHIPPING A/S Bankrupt 2 Jul 1992
- EXPOCAD ApS Bankrupt 3 Jan 1991
- GIVE GOODWIND HOLDING ApS Bankrupt 24 Nov 2016
- HANDELSSELSKABET AF 11.6.1996 A/S Bankrupt 20 Oct 2010
- JØLA A/S Bankrupt 28 Jun 2019
- JØLA EJENDOMME A/S Bankrupt 28 Jun 2019
- MANIFESTO A/S Bankrupt 22 Feb 2011
- SALGSSELSKABET UDKLITVEJ ApS Bankrupt 22 Apr 2010
- VIG. KYST & PARTNERE ApS Bankrupt 13 Aug 1998
- VINTAGE CLOUD A/S Bankrupt 13 Mar 2020
- A TOWER ApS Opløst
- AFVIKLINGSSELSKABET AF 2. MAJ 1994, ÅRHUS A/S Opløst
- AKTIESELSKABET AF 24. OKTOBER 1994. ÅRHUS Opløst
- AKTIESELSKABET AF 14. MAJ 1993 Opløst
- AKTIESELSKABET ÅRHUS AF 1. OKTOBER 1992 Fusioneret
- ALLSIZE COMPANY A/S Active
- ANDERSEN CONSULTING, DENMARK ApS Opløst
- ANDERSEN PARTNERS INTERNATIONAL ApS Opløst
- AZ AF 29. SEPTEMBER 1990 ApS Fusioneret
- ApS AF 03.12.86, ÅRHUS Opløst
- BELL XPRESS A/S Active
- BENJAMIN CAPITAL ApS Active
- BENJAMIN HOLDING A/S Active
- BENJAMIN MEDIA A/S Fusioneret
Birgir Thor Bieltvedt – 29 other companies, of which 6 bankrupt
- K/S DANSK RETAIL, RANDERS Bankrupt 8 Jun 2018
- K/S DANSK RETAIL, ÅRHUS Bankrupt 8 Jun 2018
- METROPOL ApS Bankrupt 23 Sep 2015
- NORDIC PROPERTY ASSETS A/S Bankrupt 18 Dec 2013
- Selskabet 2 af 2. marts 2019 A/S Bankrupt 4 Mar 2019
- Selskabet 3 af 2. marts 2019 ApS Bankrupt 4 Mar 2019
- ADD MIKKELSEN ApS Active
- AKTIESELSKABET TH. WESSEL & VETT. MAGASIN DU NORD Active
- AKTIESELSKABET VEDBÆK AF 19. MARTS2012 Opløst
- Amager Landevej 123 ApS Active
- B2B HOLDINGS A/S Fusioneret
- CRAVEN ØSTERGADE 60 A/S Fusioneret
- EBK INVESTMENTS ApS Fusioneret
- HOLDINGSELSKABET AF 13. FEBRUAR 2008 ApS Opløst
- Holy Food A/S Active
- ILLUM ADMINISTRATION ApS Fusioneret
- Illum Østergade 52 ApS Active
- JJM & M ApS Fusioneret
- JOE & THE JUICE A/S Active
- MELHEDE HOLDING A/S Active
- Magasin Kgs. Nytorv A/S Active
- Magasin Lyngby A/S Active
- PHILIPSON WINE ApS Active
- PHILIPSON WINE TRADING ApS Fusioneret
- Pizza Pizza Denmark A/S Active
- SCANDINAVIAN DESIGN & RETAIL A/S Fusioneret
- SELSKABET AF 6. FEBRUAR 2012 A/S Opløst
- SPC HOLDINGS A/S Active
- SPC SOLUTIONS ApS Opløst
Address history (1 moves)
| Østergade 52, 1100 København K | |
| c/o Advokatfirmaet de la Cour, Hammerensgade 1, 1267 København K |
Former names
| ILLUM A/S | – now |
| HOLDINGSELSKABET ILLUM ApS | – |
| HOLDINGSELSKABET ILLUM A/S | – |
| HOLD.CO A/S | – |
Employees per year
Other companies at the same address
- A. D. RETAIL ApS Bankrupt
- FIND & CO. ApS Bankrupt
- K-ZONE ApS Bankrupt
- Selskabet af 1/2-2017 ApS Bankrupt
- TBL SHOP CPHI A/S Bankrupt
- TONERA FASHION ApS Bankrupt
- CHURCH DENMARK ApS Fusioneret
- DL II ApS Opløst
- Eataly Danmark A/S Opløst
- GABRIEL K. ApS Opløst
- HOLMS CAFÉ & BRØD APS Active
- I-RETAIL ApS Fusioneret
- ILLUM ADMINISTRATION ApS Fusioneret
- Illum Østergade 52 ApS Active
- MENS UNDERWEAR RETAIL A/S Fusioneret
- MUJI Denmark ApS Active
- OUISET DANMARK A/S Opløst
- P&S Denmark ApS Active
- P&S Holding ApS Fusioneret
- VAN GILS DENMARK A/S Opløst
- WICO GIRL DANMARK ApS Opløst
Similar companies in København
- AKTIESELSKABET TH. WESSEL & VETT. MAGASIN DU NORD København K
- The Organic Boho Gothersgade ApS København K
- OMEGN TORVEHALLERNE ApS København K
- RINGBRO ApS København V
- DOLA SCHNEIDER ApS København K
- GAMEGADGETS ApS København V
- ECCO VESTERBRO ApS København V
Questions and answers about ILLUM A/S
Has ILLUM A/S gone bankrupt?
No, ILLUM A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of ILLUM A/S?
Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.
Who is the auditor of ILLUM A/S?
ILLUM A/S most recently used KPMG P/S.
When was ILLUM A/S founded?
ILLUM A/S was founded on 24 September 2003.
What is the equity of ILLUM A/S?
Equity was DKK -34.3m 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.