SANDGAARD A/S

CVR 28859716 · Public limited company (A/S) · Active · Low risk

SANDGAARD A/S is a Public limited company (A/S), founded on , based in Ikast. The company is registered in the industry engroshandel med beklædning. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 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 11.3m and a net result of DKK 2.1m. CEO: Lars Sandgaard.

Bankruptcy risk for SANDGAARD A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Website registeredYes · bankruptcy rate 12.0%1.4×
Municipality changes3+ · bankruptcy rate 10.6%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×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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
28859716
Status
Active
Company type
Public limited company (A/S)
Founded
(21 years)
Address
Orionvej 2D
7430 Ikast
Municipality
Ikast-Brande
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 509k
Employees
10 (2018)
Auditor
Partner Revision statsautoriseret revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 20
Missing annual reportNo
Negative equityNo
Equity ratio68.0%
Current ratio309%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address15
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 10.3mDKK 10.6m
Net profitDKK 2.1mDKK 2.0m
EquityDKK 11.3mDKK 10.2m
Total assetsDKK 16.5mDKK 21.0m
CashDKK 2.3m–
Short-term debtDKK 5.3m–
Tax owedDKK 639k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Partner Revision, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025141
1 Jan 2024 – 31 Dec 2024177
1 Jan 2023 – 31 Dec 202395
1 Jan 2022 – 31 Dec 2022107
1 Jan 2021 – 31 Dec 2021111
1 Jan 2020 – 31 Dec 2020154
1 Jan 2019 – 31 Dec 2019164
1 Jan 2018 – 31 Dec 2018143
1 Jan 2017 – 31 Dec 2017169
1 Jan 2016 – 31 Dec 2016172
1 Jul 2014 – 30 Jun 2015174
1 Jul 2013 – 30 Jun 2014116
1 Jul 2012 – 30 Jun 2013120
1 Jul 2011 – 30 Jun 2012125
1 Jan 2010 – 30 Jun 2011122
1 Jan 2009 – 31 Dec 2009187 Late
1 Jan 2008 – 31 Dec 2008167
1 Jan 2007 – 31 Dec 2007164
1 Jan 2006 – 31 Dec 2006204 Late
29 Jun 2005 – 31 Dec 2005166

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
CEOLars SandgaardCurrent
CEOMichael Hammer
BoardLars SandgaardCurrent
BoardMichael HammerCurrent
BoardHelle Sundstrup VisgårdCurrent
BoardArne Spicer Lindgren
BoardLotte Lindgren
BoardMichael Hammer
BoardLene Jensen
Owner (10%)BRØBECH HAMMER ApSCurrent
Owner (10%)Visgaard Holding ApSCurrent
Owner (67%)SANDGAARD HOLDING, IKAST ApSCurrent
Owner (67%)SANDGAARD HOLDING, IKAST ApS
Owner (10%)Helle Sundstrup Visgård
Owner (67%)Sandgaard Visgaard ApS
Owner (67%)Sandgaard Holding af 2022 ApS
AuditorPartner Revision statsautoriseret revisionsaktieselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMichael HammerCurrent
FounderAJM ApSCurrent

The CEOs' other companies

Lars Sandgaard – 7 other companies, of which 1 bankrupt

Michael Hammer – 1 other companies

Address history (8 moves)

Orionvej 2D, 7430 Ikast
Rømersvej 19C, 7430 Ikast
Industrivej 48A, 7430 Ikast
c/o Lars Sandgaard, Rømersvej 19C, 7430 Ikast
c/o Lars Sandgaard, Bellisparken 18, 7430 Ikast
c/o Michael Hammer, Hjortevej 9, 8653 Them
c/o Michael Hammer, Hjortevej 9, 8653 Them
Narvikvej 103, 8600 Silkeborg
Skolegade 47C, 8600 Silkeborg

Former names

SANDGAARD A/S – now
GOZZIP A/S –

Employees per year

Number of employees at SANDGAARD A/S per year6122011: 520112012: 620122013: 1220132014: 1220142015: 1120152016: 1120162017: 720172018: 102018

Other companies at the same address

Similar companies in Ikast-Brande

Questions and answers about SANDGAARD A/S

Has SANDGAARD A/S gone bankrupt?

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

What is the bankruptcy risk of SANDGAARD A/S?

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

Who is the CEO of SANDGAARD A/S?

Lars Sandgaard is the CEO of SANDGAARD A/S.

Who is the auditor of SANDGAARD A/S?

SANDGAARD A/S most recently used Partner Revision statsautoriseret revisionsaktieselskab.

When was SANDGAARD A/S founded?

SANDGAARD A/S was founded on 29 June 2005.

What is the equity of SANDGAARD A/S?

Equity was DKK 11.3m 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.