COPENHAGEN MERCHANTS A/S

CVR 31495091 · Public limited company (A/S) · Active · High risk

COPENHAGEN MERCHANTS A/S is a Public limited company (A/S), founded on , based in Nordhavn. The company is registered in the industry agenturhandel med landbrugsråvarer, levende dyr, tekstilråvarer og halvfabrikata. Our model estimates a bankruptcy risk of 5.3% over the next 12 months, which is 3.8 times the average for Danish companies. 18 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 7.4m and a net result of DKK -12.5m.

Bankruptcy risk for COPENHAGEN MERCHANTS A/S

5.3%
probability of bankruptcy within 12 months
High risk

3.8 × the average (1.41%) · higher risk than 92% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
31495091
Status
Active
Company type
Public limited company (A/S)
Founded
(18 years)
Address
Klubiensvej 22
2150 Nordhavn
Municipality
København
Industry
Agenturhandel med landbrugsråvarer, levende dyr, tekstilråvarer og halvfabrikata (461100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 2.0m
Employees
23 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 18
Missing annual reportNo
Negative equityNo
Equity ratio32.7%
Current ratio46%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address20
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 3.4mDKK 6.5mDKK 4.7m
Net profitDKK -12.5mDKK -40kDKK -3.6m
EquityDKK 7.4mDKK 2.5mDKK 2.5m
Total assetsDKK 22.7mDKK 22.2mDKK 18.5m
CashDKK 2.0mDKK 65k–
Short-term debtDKK 12.1mDKK 16.0m–
Avg. employees67–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025131
1 Jan 2024 – 31 Dec 202499
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020158
1 Jan 2019 – 31 Dec 2019167
1 Jan 2018 – 31 Dec 2018149
1 Jan 2017 – 31 Dec 2017155
1 Jan 2016 – 31 Dec 2016151
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013142
1 Jan 2012 – 31 Dec 2012149
1 Jan 2011 – 31 Dec 2011129
1 Jan 2010 – 31 Dec 2010151
1 Jan 2009 – 31 Dec 2009147
1 Jan 2008 – 31 Dec 2008158

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 Boel
CEOIndrek Aigro
BoardSimon ChristensenCurrent
BoardMorten Meyer HoelCurrent
BoardBjørn Norholdt Eckford-OlsenCurrent
BoardTorben Herman Christensen
BoardBente Christensen
BoardKlaus Ewald Madsen
Owner (90%)CM HOLDING A/SCurrent
Owner (10%)Aigro Holding ApSCurrent
Owner (100%)CM HOLDING A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorHENRICHSEN & CO HOLDING 1 ApS
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderTorben Herman ChristensenCurrent

The CEOs' other companies

Lars Boel – 1 other companies

Indrek Aigro – 2 other companies

Address history (2 moves)

Klubiensvej 22, 2150 Nordhavn
Klubiensvej 22, 2150 Nordhavn
Lindegårdsvej 17, 2920 Charlottenlund

Employees per year

Number of employees at COPENHAGEN MERCHANTS A/S per year14282011: 1420112012: 1420122013: 1520132014: 1720142015: 2320152016: 2420162017: 2820172018: 232018

Other companies at the same address

Similar companies in København

Questions and answers about COPENHAGEN MERCHANTS A/S

Has COPENHAGEN MERCHANTS A/S gone bankrupt?

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

What is the bankruptcy risk of COPENHAGEN MERCHANTS A/S?

Our model estimates a bankruptcy risk of 5.3% over the next 12 months (high risk), which is 3.8 times the average for Danish companies.

Who is the auditor of COPENHAGEN MERCHANTS A/S?

COPENHAGEN MERCHANTS A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was COPENHAGEN MERCHANTS A/S founded?

COPENHAGEN MERCHANTS A/S was founded on 16 June 2008.

What is the equity of COPENHAGEN MERCHANTS A/S?

Equity was DKK 7.4m 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.