KORSGAARD INTERNATIONAL HOLDING ApS

CVR 31263441 · Private limited company (ApS) · Active · Low risk

KORSGAARD INTERNATIONAL HOLDING ApS is a Private limited company (ApS), founded on , based in Frederiksberg C. The company is registered in the industry detailhandel med kunst mv.. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 18 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 15.8m and a net result of DKK 468k. CEO: Morten Korsgaard.

Bankruptcy risk for KORSGAARD INTERNATIONAL HOLDING ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×

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
31263441
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
Sankt Knuds Vej 23C
1903 Frederiksberg C
Municipality
Frederiksberg
Industry
Detailhandel med kunst mv. (476920)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 165k
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 18
Missing annual reportNo
Negative equityNo
Equity ratio99.9%
Current ratio7,989%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -33kDKK -12kDKK -9,234
Net profitDKK 468kDKK -16kDKK 12k
EquityDKK 15.8mDKK 15.4mDKK 535k
Total assetsDKK 15.8mDKK 15.4mDKK 655k
CashDKK 614kDKK 281k–
Short-term debtDKK 8,905DKK 8,829–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022188 Late
1 Jan 2021 – 31 Dec 2021189 Late
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019244 Late
1 Jan 2018 – 31 Dec 2018148
1 Jan 2017 – 31 Dec 2017137
1 Jan 2016 – 31 Dec 2016151
1 Jan 2015 – 31 Dec 2015161
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013143
1 Jan 2012 – 31 Dec 2012159
1 Jan 2011 – 31 Dec 2011155
1 Jan 2010 – 31 Dec 2010165
1 Jan 2009 – 31 Dec 2009173
1 Jan 2008 – 31 Dec 2008160

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 KorsgaardCurrent
CEOPeter Andreas Stakemann
Owner (100%)Morten KorsgaardCurrent
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorERNST & YOUNG DENMARK P/S
AuditorECOMENTOR - STATSAUTORISERET REVISIONSAKTIESELSKAB
FounderApS KBUS 38 nr.3117Current

The CEOs' other companies

Morten Korsgaard – 9 other companies, of which 1 bankrupt

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Address history (3 moves)

Sankt Knuds Vej 23C, 1903 Frederiksberg C
Flæsketorvet 85A, 1711 København V
Jomsborgvej 23, 2900 Hellerup
Kronprinsessegade 18, 1306 København K

Former names

KORSGAARD INTERNATIONAL HOLDING ApS – now
ApS KBUS 17 NR. 6338 –

Other companies at the same address

Similar companies in Frederiksberg

Questions and answers about KORSGAARD INTERNATIONAL HOLDING ApS

Has KORSGAARD INTERNATIONAL HOLDING ApS gone bankrupt?

No, KORSGAARD INTERNATIONAL HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KORSGAARD INTERNATIONAL HOLDING ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of KORSGAARD INTERNATIONAL HOLDING ApS?

Morten Korsgaard is the CEO of KORSGAARD INTERNATIONAL HOLDING ApS.

Who is the auditor of KORSGAARD INTERNATIONAL HOLDING ApS?

KORSGAARD INTERNATIONAL HOLDING ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was KORSGAARD INTERNATIONAL HOLDING ApS founded?

KORSGAARD INTERNATIONAL HOLDING ApS was founded on 1 January 2008.

What is the equity of KORSGAARD INTERNATIONAL HOLDING ApS?

Equity was DKK 15.8m 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.