Modiform Nordic A/S

CVR 27560164 · Public limited company (A/S) · Active · Medium risk

Modiform Nordic A/S is a Public limited company (A/S), founded on , based in Odense M. The company is registered in the industry anden specialiseret engroshandel i.a.n.. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 20 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 736k and a net result of DKK 250k.

Bankruptcy risk for Modiform Nordic A/S

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%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×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
27560164
Status
Active
Company type
Public limited company (A/S)
Founded
(22 years)
Address
c/o Rosgaard Plants A/S, Læssøegade 215
5230 Odense M
Municipality
Odense
Industry
Anden specialiseret engroshandel i.a.n. (468900)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
1 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 22
Missing annual reportNo
Negative equityNo
Equity ratio75.3%
Current ratio405%
Moves (last 2 years)0
CEO changes in total11
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.2mDKK 447k
Net profitDKK 250kDKK -536k
EquityDKK 736kDKK 486k
Total assetsDKK 977kDKK 738k
CashDKK 107k–
Short-term debtDKK 241k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025197 Late
1 Jan 2024 – 31 Dec 2024175
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022109
1 Jan 2021 – 31 Dec 2021175
1 Jan 2020 – 31 Dec 202078
1 Jan 2019 – 31 Dec 201971
1 Jan 2018 – 31 Dec 2018102
1 Jan 2017 – 31 Dec 201793
1 Jan 2016 – 31 Dec 2016122
1 Jan 2015 – 31 Dec 2015124
1 Jan 2014 – 31 Dec 2014111
1 Jan 2013 – 31 Dec 2013133
1 Jan 2012 – 31 Dec 2012151
1 Jan 2011 – 31 Dec 2011100
1 Jan 2010 – 31 Dec 201083
1 Jan 2009 – 31 Dec 2009154
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007129
1 Jan 2006 – 31 Dec 2006151

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
CEOAxel Hallum
CEOJeroen Ravensbergen
CEOBenedictus Cornelis Johannes van Heugten
CEOPeter Arnoldus Johannes Linthorst
CEOPieter Laurens van Keulen
CEOTom Bernard Heintjes
BoardBenedictus Cornelis Johannes van HeugtenCurrent
BoardCelis GroothuisCurrent
BoardJesper Søren RosgaardCurrent
BoardJeanette Wilhelmina BlootCurrent
BoardAxel Hallum
BoardCarsten Kristensen
BoardGino L. A. Van Helleputte
BoardLeonardus Theodorus Swart
BoardMarcel Janssen
BoardJeroen Ravensbergen
BoardJohn van der Maarel
BoardFlora Caroline Späth
BoardPeter Arnoldus Johannes Linthorst
BoardMenno Pieter Willem Krijger
BoardJan van Brummelen
BoardJohannes Maria van der Maarel
BoardPieter Laurens van Keulen
BoardTom Bernard Heintjes
Owner (100%)Modiform B.V.Current
Owner (33%)FLORACUP HOLDING ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorREVISIONSFIRMAET BAYER ApS STATSAUTORISERET REVISIONSVIRKSOMHED
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderCarsten KristensenCurrent
FounderFLORACUP HOLDING ApSCurrent
FounderModiform B.VCurrent
FounderNovabouw B.V.B.ACurrent

The CEOs' other companies

Axel Hallum – 2 other companies

Address history (2 moves)

c/o Rosgaard Plants A/S, Læssøegade 215, 5230 Odense M
c/o Floracup A/S, Holkebjergvej 74, 5250 Odense SV
c/o Floracup A/S, Nøglegårdsvej 8, 3540 Lynge

Former names

Modiform Nordic A/S – now
HORTEA A/S –

Employees per year

Number of employees at Modiform Nordic A/S per year112003: 020032004: 120042017: 120172018: 12018

Other companies at the same address

Similar companies in Odense

Questions and answers about Modiform Nordic A/S

Has Modiform Nordic A/S gone bankrupt?

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

What is the bankruptcy risk of Modiform Nordic A/S?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the auditor of Modiform Nordic A/S?

Modiform Nordic A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was Modiform Nordic A/S founded?

Modiform Nordic A/S was founded on 1 December 2003.

What is the equity of Modiform Nordic A/S?

Equity was DKK 736k 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.