TOPCOAT A/S

CVR 27361862 · Public limited company (A/S) · Active · Low risk

TOPCOAT A/S is a Public limited company (A/S), founded on , based in Skagen. The company is registered in the industry overfladebehandling af metal. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 6.9m and a net result of DKK 800k. CEO: Tony Nordgaard Olesen.

Bankruptcy risk for TOPCOAT A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% 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×

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×
Gross profit growth0%–10% · 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×

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
27361862
Status
Active
Company type
Public limited company (A/S)
Founded
(23 years)
Address
Musketervej 3
9990 Skagen
Municipality
Frederikshavn
Industry
Overfladebehandling af metal (255100)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 500k
Employees
18 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 22
Missing annual reportNo
Negative equityNo
Equity ratio36.7%
Current ratio114%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 13.7mDKK 13.4mDKK 18.3m
Net profitDKK 800kDKK 7.1mDKK 4.0m
EquityDKK 6.9mDKK 10.8mDKK 7.1m
Total assetsDKK 18.8mDKK 29.7mDKK 21.9m
CashDKK 3.5mDKK 5.6m–
Short-term debtDKK 11.8mDKK 17.9m–
Tax owed–DKK 0–
Avg. employees1616–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202583
1 Jan 2024 – 31 Dec 2024125
1 Jan 2023 – 31 Dec 2023101
1 Jan 2022 – 31 Dec 2022139
1 Jan 2021 – 31 Dec 2021200 Late
1 Jan 2020 – 31 Dec 2020147
1 Jan 2019 – 31 Dec 2019174
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017162
1 Jan 2016 – 31 Dec 2016118
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013149
1 Jan 2012 – 31 Dec 2012119
1 Jan 2011 – 31 Dec 2011129
1 Jan 2010 – 31 Dec 2010146
1 Jan 2009 – 31 Dec 2009147
1 Jan 2008 – 31 Dec 2008141
1 Jan 2007 – 31 Dec 200798
1 Jan 2006 – 31 Dec 2006126

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
CEOTony Nordgaard OlesenCurrent
CEOFrank Peter Pedersen
BoardTony Nordgaard OlesenCurrent
BoardFrank Peter PedersenCurrent
BoardLasse OlesenCurrent
BoardDorthe Weesgaard Olesen
Owner (33%)NORDGAARD HOLDING SKAGEN ApSCurrent
Owner (25%)AMM HOLDING SKAGEN ApSCurrent
Owner (33%)NF Skagen Holding ApSCurrent
Owner (50%)NORDGAARD HOLDING SKAGEN ApS
Owner (50%)AMM HOLDING SKAGEN ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorRevisionsfirmaet Steen Andersen
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderTony Nordgaard OlesenCurrent
FounderFrank Peter PedersenCurrent

The CEOs' other companies

Tony Nordgaard Olesen – 7 other companies, of which 2 bankrupt

Frank Peter Pedersen – 3 other companies

Address history (1 moves)

Musketervej 3, 9990 Skagen
Musketervej 3, 9990 Skagen

Former names

TOPCOAT A/S – now
TOPCOAT ApS –

Employees per year

Number of employees at TOPCOAT A/S per year10202011: 1120112012: 1120122013: 1420132014: 1620142015: 2020152016: 2020162017: 1820172018: 182018

Other companies at the same address

Similar companies in Frederikshavn

Questions and answers about TOPCOAT A/S

Has TOPCOAT A/S gone bankrupt?

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

What is the bankruptcy risk of TOPCOAT A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of TOPCOAT A/S?

Tony Nordgaard Olesen is the CEO of TOPCOAT A/S.

Who is the auditor of TOPCOAT A/S?

TOPCOAT A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was TOPCOAT A/S founded?

TOPCOAT A/S was founded on 29 September 2003.

What is the equity of TOPCOAT A/S?

Equity was DKK 6.9m 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.