MICHAEL KROGH HOLDING, VARDE ApS

CVR 32079601 · Private limited company (ApS) · Active · Low risk

MICHAEL KROGH HOLDING, VARDE ApS is a Private limited company (ApS), founded on , based in Varde. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 17 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.3m and a net result of DKK 49k. CEO: Jannie Jørgensen.

Bankruptcy risk for MICHAEL KROGH HOLDING, VARDE ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
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×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
32079601
Status
Active
Company type
Private limited company (ApS)
Founded
(17 years)
Address
Toftegårdsvej 21
6800 Varde
Municipality
Varde
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
Revisionsfirmaet KRH ApS
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 17
Missing annual reportNo
Negative equityNo
Equity ratio72.0%
Current ratio116%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -5,650DKK -5,250
Net profitDKK 49kDKK 69k
EquityDKK 1.3mDKK 1.2m
Total assetsDKK 1.8mDKK 2.2m
CashDKK 11k–
Short-term debtDKK 501k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisionsfirmaet KRH ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 202438
1 Jan 2023 – 31 Dec 2023186 Late
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021167
1 Jan 2020 – 31 Dec 202062
1 Jan 2019 – 31 Dec 201965
1 Jan 2018 – 31 Dec 2018109
1 Jan 2017 – 31 Dec 2017122
1 Jan 2016 – 31 Dec 201643
1 Jan 2015 – 31 Dec 201542
1 Jan 2014 – 31 Dec 2014155
1 Jan 2013 – 31 Dec 2013161
1 Jan 2012 – 31 Dec 2012135
1 Jan 2011 – 31 Dec 2011150
1 Jan 2010 – 31 Dec 2010192 Late
1 Mar 2009 – 31 Dec 2009116

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
CEOJannie JørgensenCurrent
CEOMichael Krogh Jørgensen
Owner (100%)Jannie JørgensenCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorREVISIONSFIRMAET KRH V/KELD HANSEN
FounderMichael Krogh JørgensenCurrent

The CEOs' other companies

Jannie Jørgensen – 3 other companies

Michael Krogh Jørgensen – 2 other companies

Address history (1 moves)

Toftegårdsvej 21, 6800 Varde
Møbelvej 2, 6800 Varde

Other companies at the same address

Similar companies in Varde

Questions and answers about MICHAEL KROGH HOLDING, VARDE ApS

Has MICHAEL KROGH HOLDING, VARDE ApS gone bankrupt?

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

What is the bankruptcy risk of MICHAEL KROGH HOLDING, VARDE ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of MICHAEL KROGH HOLDING, VARDE ApS?

Jannie Jørgensen is the CEO of MICHAEL KROGH HOLDING, VARDE ApS.

Who is the auditor of MICHAEL KROGH HOLDING, VARDE ApS?

MICHAEL KROGH HOLDING, VARDE ApS most recently used Revisionsfirmaet KRH ApS.

When was MICHAEL KROGH HOLDING, VARDE ApS founded?

MICHAEL KROGH HOLDING, VARDE ApS was founded on 1 March 2009.

What is the equity of MICHAEL KROGH HOLDING, VARDE ApS?

Equity was DKK 1.3m 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.