KORSØR PROPELLER A/S

CVR 28785410 · Public limited company (A/S) · Active · Low risk

KORSØR PROPELLER A/S is a Public limited company (A/S), founded on , based in Korsør. The company is registered in the industry fremstilling af andre færdige metalprodukter i.a.n.. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Oct 2025) shows equity of DKK -99k and a net result of DKK -1.4m. CEO: Ole Hans Pedersen.

Bankruptcy risk for KORSØR PROPELLER A/S

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% 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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
28785410
Status
Active
Company type
Public limited company (A/S)
Founded
(56 years)
Address
Norvangen 12
4220 Korsør
Municipality
Slagelse
Industry
Fremstilling af andre færdige metalprodukter i.a.n. (259900)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 600k
Employees
12 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 31
Missing annual reportNo
Negative equityYes
Equity ratio-3.1%
Current ratio111%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 2.4mDKK 4.7m
Net profitDKK -1.4mDKK 459k
EquityDKK -99kDKK 1.6m
Total assetsDKK 3.2mDKK 4.6m
CashDKK 266k–
Short-term debtDKK 2.9m–
Avg. employees6–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Nov 2024 – 31 Oct 2025181
1 Nov 2023 – 31 Oct 202481
1 Nov 2022 – 31 Oct 202391
1 Nov 2021 – 31 Oct 202264
1 Nov 2020 – 31 Oct 202173
1 Nov 2019 – 31 Oct 202066
1 Nov 2018 – 31 Oct 201964
1 Nov 2017 – 31 Oct 201865
1 Nov 2016 – 31 Oct 201770
1 Nov 2015 – 31 Oct 201643
1 Nov 2014 – 31 Oct 2015123
1 Nov 2013 – 31 Oct 2014104
1 Nov 2012 – 31 Oct 201398
1 Nov 2011 – 31 Oct 201271
1 Nov 2010 – 31 Oct 201173
1 Nov 2009 – 31 Oct 201077
1 Nov 2008 – 31 Oct 200938
1 Dec 2007 – 31 Oct 200881
1 Dec 2006 – 30 Nov 2007122
1 Dec 2005 – 30 Nov 200661

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
CEOOle Hans PedersenCurrent
CEOKaj Søvang Christiansen
CEOPia Søvang
BoardPia SøvangCurrent
BoardOle Hans PedersenCurrent
BoardMark SøvangCurrent
BoardBirgit Søvang Petersen
BoardKaj Søvang Christiansen
BoardBirgit Christiansen
BoardAnders Frimodt-Møller
Owner (100%)SØVANG ENTERPRISE HOLDING ApSCurrent
Owner (100%)SØVANG ENTERPRISE HOLDING ApS
Owner (10%)Martin Dyrlund Jacobsen
Owner (90%)SØVANG ENTERPRISE HOLDING ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB

The CEOs' other companies

Ole Hans Pedersen – 1 other companies

Kaj Søvang Christiansen – 1 other companies

Pia Søvang – 1 other companies

Address history (3 moves)

Norvangen 12, 4220 Korsør
Rådhuspladsen 11, 4200 Slagelse
Norvangen 12, 4220 Korsør
Norvangen 12, 4220 Korsør

Former names

KORSØR PROPELLER A/S – now
KORSØR MOTOR- & PROPELLERFABRIK A/S –

Employees per year

Number of employees at KORSØR PROPELLER A/S per year8162011: 1620112012: 1620122013: 1620132014: 1520142015: 1320152016: 1220162017: 1020172018: 122018

Other companies at the same address

Similar companies in Slagelse

Questions and answers about KORSØR PROPELLER A/S

Has KORSØR PROPELLER A/S gone bankrupt?

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

What is the bankruptcy risk of KORSØR PROPELLER A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of KORSØR PROPELLER A/S?

Ole Hans Pedersen is the CEO of KORSØR PROPELLER A/S.

Who is the auditor of KORSØR PROPELLER A/S?

KORSØR PROPELLER A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was KORSØR PROPELLER A/S founded?

KORSØR PROPELLER A/S was founded on 29 June 1970.

What is the equity of KORSØR PROPELLER A/S?

Equity was DKK -99k according to the annual report for the period ending 31 October 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.