Upgrader A/S

CVR 29843848 · Public limited company (A/S) · Active · High risk

Upgrader A/S is a Public limited company (A/S), founded on , based in Herlev. The company is registered in the industry ikke-specialiseret engroshandel. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 19 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 10.2m and a net result of DKK -1.8m. CEO: Michael Grell Sørensen.

Bankruptcy risk for Upgrader A/S

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

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
29843848
Status
Active
Company type
Public limited company (A/S)
Founded
(20 years)
Address
Ellekær 6A, st.
2730 Herlev
Municipality
Herlev
Industry
Ikke-specialiseret engroshandel (469000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
11 (2018)
Auditor
DANSK REVISION SØBORG, STATSAUTORISERET REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 19
Missing annual reportNo
Negative equityNo
Equity ratio33.3%
Current ratio61%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address25
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 9.2mDKK 9.5m
Net profitDKK -1.8mDKK -1.8m
EquityDKK 10.2mDKK 12.7m
Total assetsDKK 30.7mDKK 31.3m
CashDKK 12k–
Short-term debtDKK 14.8m–
Avg. employees13–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · DANSK REVISION SØBORG, STATSAUTORISERET REVISIONSAKTIESELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025168
1 Jul 2023 – 30 Jun 2024169
1 Jul 2022 – 30 Jun 2023131
1 Jul 2021 – 30 Jun 2022104
1 Jul 2020 – 30 Jun 202199
1 Jul 2019 – 30 Jun 2020106
1 Jul 2018 – 30 Jun 2019122
1 Jul 2017 – 30 Jun 201895
1 Jul 2016 – 30 Jun 201795
1 Jul 2015 – 30 Jun 2016161
1 Jul 2014 – 30 Jun 2015157
1 Jul 2013 – 30 Jun 2014119
1 Jul 2012 – 30 Jun 2013162
1 Jul 2011 – 30 Jun 2012164
1 Jul 2010 – 30 Jun 2011165
1 Jul 2009 – 30 Jun 2010161
1 Jul 2008 – 30 Jun 2009159
1 Jul 2007 – 30 Jun 2008162
5 Sep 2006 – 30 Jun 2007151

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
CEOMichael Grell SørensenCurrent
CEOJørn Staugaard
CEOLars Monberg
CEOJohnny Kell Vallentin
BoardMichael WillumsenCurrent
BoardMichael Grell SørensenCurrent
BoardJørn Staugaard
BoardLars Monberg
BoardMichael Grell Sørensen
BoardJohnny Kell Vallentin
BoardLars Monberg
BoardMichael Grell Sørensen
BoardPeter Søren Høgh
BoardJohannes Madsen-Mygdal
BoardMorten Vedel Toft Steinlein
BoardJacob Bannebjerre-Lindborg
BoardClaudia Lindby
BoardUlrik Blinkenberg
BoardBrian Voldsgaard Jensen
BoardJens Jacob Skibsted
BoardAlexander Strange
BoardRobert Bo Jensen
Owner (67%)JENSEN MANAGEMENT ApSCurrent
Owner (20%)MBJ XCI-XXV ApSCurrent
Owner (100%)MS Branding Holding ApS
Owner (100%)JENSEN MANAGEMENT ApS
AuditorDANSK REVISION SØBORG, STATSAUTORISERET REVISIONSAKTIESELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorERNST & YOUNG DENMARK P/S
AuditorCROWE STATSAUTORISERET REVISIONSINTERESSENTSKAB
FounderJørn StaugaardCurrent
FounderMS Branding Holding ApSCurrent

The CEOs' other companies

Michael Grell Sørensen – 4 other companies

Jørn Staugaard – 1 other companies

Lars Monberg – 5 other companies

Johnny Kell Vallentin – 4 other companies, of which 1 bankrupt

Address history (4 moves)

Ellekær 6A, st., 2730 Herlev
Ellekær 6, 2730 Herlev
Krondalvej 9A, 2610 Rødovre
Jyllandsgade 30, 6400 Sønderborg
Jyllandsgade 30, 6400 Sønderborg

Former names

Upgrader A/S – now
MS Branding A/S –
UPGRADER ApS –
MSB AF 18. JUNI 2007 ApS –
MONBERGSØRENSEN BRANDING ApS –

Employees per year

Number of employees at Upgrader A/S per year10192011: 120112012: 220122013: 320132014: 520142015: 420152016: 020162017: 1920172018: 112018

Other companies at the same address

Similar companies in Herlev

Questions and answers about Upgrader A/S

Has Upgrader A/S gone bankrupt?

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

What is the bankruptcy risk of Upgrader A/S?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of Upgrader A/S?

Michael Grell Sørensen is the CEO of Upgrader A/S.

Who is the auditor of Upgrader A/S?

Upgrader A/S most recently used DANSK REVISION SØBORG, STATSAUTORISERET REVISIONSAKTIESELSKAB.

When was Upgrader A/S founded?

Upgrader A/S was founded on 5 September 2006.

What is the equity of Upgrader A/S?

Equity was DKK 10.2m according to the annual report for the period ending 30 June 2025.

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