KORSAGER HOLDING ApS

CVR 31864704 · Private limited company (ApS) · Active · Low risk

KORSAGER HOLDING ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 11 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 42k and a net result of DKK -101k. CEO: Søren Nørgård Kjær.

Bankruptcy risk for KORSAGER HOLDING ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×

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
31864704
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Frydendalsvej 7A
9000 Aalborg
Municipality
Aalborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 11
Missing annual reportNo
Negative equityNo
Equity ratio6.8%
Current ratio81%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address36
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -19kDKK -8,938
Net profitDKK -101kDKK -36k
EquityDKK 42kDKK 53k
Total assetsDKK 621kDKK 1.0m
CashDKK 11k–
Short-term debtDKK 579k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025182
1 Jul 2023 – 30 Jun 2024176
1 Jul 2022 – 30 Jun 2023180
1 Jul 2021 – 30 Jun 2022201 Late
1 Jul 2020 – 30 Jun 2021182
1 Jul 2019 – 30 Jun 2020190 Late
1 Jul 2018 – 30 Jun 2019165
1 Jul 2017 – 30 Jun 2018193 Late
1 Jul 2016 – 30 Jun 2017175
1 Jul 2015 – 30 Jun 2016168
7 Apr 2014 – 30 Jun 2015163

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
CEOSøren Nørgård KjærCurrent
CEOMark Frank Larsen
CEOJesper Alsøe Nielsen
Owner (100%)Søren Nørgård KjærCurrent
FounderMark Frank LarsenCurrent

The CEOs' other companies

Søren Nørgård Kjær – 8 other companies, of which 2 bankrupt

Jesper Alsøe Nielsen – 3 other companies

Address history (2 moves)

Frydendalsvej 7A, 9000 Aalborg
Mortonsvej 16, 2. tv, 2800 Kgs. Lyngby
Markedsvej 7, 9490 Pandrup

Former names

KORSAGER HOLDING ApS – now
KORSAGER HOLDING IVS –
FLEX TØMRER & SNEDKER IVS –
GASTEN IVS –

Other companies at the same address

Similar companies in Aalborg

Questions and answers about KORSAGER HOLDING ApS

Has KORSAGER HOLDING ApS gone bankrupt?

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

What is the bankruptcy risk of KORSAGER HOLDING ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of KORSAGER HOLDING ApS?

Søren Nørgård Kjær is the CEO of KORSAGER HOLDING ApS.

Who is the auditor of KORSAGER HOLDING ApS?

KORSAGER HOLDING ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was KORSAGER HOLDING ApS founded?

KORSAGER HOLDING ApS was founded on 7 April 2014.

What is the equity of KORSAGER HOLDING ApS?

Equity was DKK 42k 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.