MORTEN ERNSTSEN ApS

CVR 28323689 · Private limited company (ApS) · Active · Low risk

MORTEN ERNSTSEN ApS is a Private limited company (ApS), founded on , based in Højbjerg. The company is registered in the industry ikke-specialiseret engroshandel. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -240k and a net result of DKK -46k. CEO: Morten Nannastad Ernstsen.

Bankruptcy risk for MORTEN ERNSTSEN ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% 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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
28323689
Status
Active
Company type
Private limited company (ApS)
Founded
(21 years)
Address
Terp Skovvej 83
8270 Højbjerg
Municipality
Aarhus
Industry
Ikke-specialiseret engroshandel (469000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Auditor
Revisto I/S
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 21
Missing annual reportNo
Negative equityYes
Equity ratio-33.2%
Current ratio5,064%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -46kDKK -45kDKK -22k
Net profitDKK -46kDKK -45kDKK -22k
EquityDKK -240kDKK -194kDKK -149k
Total assetsDKK 722kDKK 858kDKK 904k
CashDKK 200kDKK 36k–
Short-term debtDKK 14kDKK 9,367–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisto I/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202553
1 Jan 2024 – 31 Dec 202443
1 Jan 2023 – 31 Dec 2023130
1 Jan 2022 – 31 Dec 2022137
1 Jan 2021 – 31 Dec 2021158
1 Jan 2020 – 31 Dec 2020153
1 Jan 2019 – 31 Dec 2019140
1 Jan 2018 – 31 Dec 2018154
1 Jan 2017 – 31 Dec 201767
1 Jan 2016 – 31 Dec 201682
1 Jan 2015 – 31 Dec 2015104
1 Jan 2014 – 31 Dec 2014180
1 Jan 2013 – 31 Dec 2013147
1 Jan 2012 – 31 Dec 2012155
1 Jan 2011 – 31 Dec 2011159
1 Jan 2010 – 31 Dec 2010171
1 Jan 2009 – 31 Dec 2009173
1 Jan 2008 – 31 Dec 2008180
1 Jan 2007 – 31 Dec 200798
1 Jan 2006 – 31 Dec 2006154

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
CEOMorten Nannastad ErnstsenCurrent
Owner (50%)Morten Nannastad ErnstsenCurrent
Owner (20%)Emma Emilie Ernstsen SøderbergCurrent
Owner (20%)Laurids Holbæk ErnstsenCurrent
AuditorREVISOR KROGH ApS
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorROESGAARD A/S
AuditorCedra Godkendt Revisionsaktieselskab
AuditorRevisto I/S
FounderMorten Nannastad ErnstsenCurrent

The CEOs' other companies

Morten Nannastad Ernstsen – 17 other companies, of which 2 bankrupt

Address history (1 moves)

Terp Skovvej 83, 8270 Højbjerg
Terp Skovvej 83, 8270 Højbjerg

Other companies at the same address

Similar companies in Aarhus

Questions and answers about MORTEN ERNSTSEN ApS

Has MORTEN ERNSTSEN ApS gone bankrupt?

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

What is the bankruptcy risk of MORTEN ERNSTSEN ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of MORTEN ERNSTSEN ApS?

Morten Nannastad Ernstsen is the CEO of MORTEN ERNSTSEN ApS.

Who is the auditor of MORTEN ERNSTSEN ApS?

MORTEN ERNSTSEN ApS most recently used Revisto I/S.

When was MORTEN ERNSTSEN ApS founded?

MORTEN ERNSTSEN ApS was founded on 11 January 2005.

What is the equity of MORTEN ERNSTSEN ApS?

Equity was DKK -240k 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.