PEN ApS

CVR 31848164 · Private limited company (ApS) · Active · Low risk

PEN ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 18 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 14k and a net result of DKK 43k. CEO: Piet Endersen Nølev.

Bankruptcy risk for PEN ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
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
31848164
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
c/o Piet Endersen Nølev, Lichtenbergsgade 3B, 3. th
8700 Horsens
Municipality
Horsens
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 18
Missing annual reportNo
Negative equityNo
Equity ratio2.4%
Current ratio1%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address34
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1,949DKK 0DKK 0
Net profitDKK 43kDKK -10kDKK -2,539
EquityDKK 14kDKK -28kDKK -18k
Total assetsDKK 600kDKK 600kDKK 501
CashDKK 181DKK 38–
Short-term debtDKK 26kDKK 39k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025163
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023164
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021178
1 Jan 2020 – 31 Dec 2020126
1 Jan 2019 – 31 Dec 2019118
1 Jan 2018 – 31 Dec 2018106
1 Jan 2017 – 31 Dec 2017120
1 Jan 2016 – 31 Dec 201637
1 Jan 2015 – 31 Dec 201541
1 Jan 2014 – 31 Dec 2014111
1 Jan 2013 – 31 Dec 201370
1 Jan 2012 – 31 Dec 201237
1 Jan 2011 – 31 Dec 201175
1 Jan 2010 – 31 Dec 2010170
1 Jan 2009 – 31 Dec 200987
1 Nov 2008 – 31 Dec 200870

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
CEOPiet Endersen NølevCurrent
CEOKarsten Fossbakken
CEOHenrik Krogslund Jensen
Owner (100%)Piet Endersen NølevCurrent
Owner (100%)Karsten Fossbakken
Owner (100%)HENRIK KROGSLUND HOLDING ApS
AuditorCHRISTENSEN & PEDERSEN, HERNING A/S
AuditorBent Christensen
AuditorAKTIESELSKABET AF 10. AUGUST 1998
AuditorPARTNERSELSKABET AF 31. JANUAR 2014
FounderKarsten FossbakkenCurrent

The CEOs' other companies

Piet Endersen Nølev – 4 other companies, of which 1 bankrupt

Henrik Krogslund Jensen – 7 other companies

Address history (2 moves)

c/o Piet Endersen Nølev, Lichtenbergsgade 3B, 3. th, 8700 Horsens
Gammelgårdsvej 11, 7130 Juelsminde
Lilleskovvej 8, 7130 Juelsminde

Former names

PEN ApS – now
FOSSBAKKEN HOLDING ApS –

Other companies at the same address

Similar companies in Horsens

Questions and answers about PEN ApS

Has PEN ApS gone bankrupt?

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

What is the bankruptcy risk of PEN ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of PEN ApS?

Piet Endersen Nølev is the CEO of PEN ApS.

Who is the auditor of PEN ApS?

PEN ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was PEN ApS founded?

PEN ApS was founded on 1 November 2008.

What is the equity of PEN ApS?

Equity was DKK 14k 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.