DANBAG PAPER SOLUTIONS A/S

CVR 32260705 · Public limited company (A/S) · Active · Low risk

DANBAG PAPER SOLUTIONS A/S is a Public limited company (A/S), founded on , based in Skive. The company is registered in the industry fremstilling af bølgepap, pap og emballage af papir og pap. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 17 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 22.5m and a net result of DKK 2.3m.

Bankruptcy risk for DANBAG PAPER SOLUTIONS A/S

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

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · 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
32260705
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
H C Ørsteds Vej 22
7800 Skive
Municipality
Skive
Industry
Fremstilling af bølgepap, pap og emballage af papir og pap (172100)
Bankruptcies in the industry: Fremstilling af bølgepap og pap og emballage af papir og pap
Share capital
DKK 1.0m
Employees
20 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 17
Missing annual reportNo
Negative equityNo
Equity ratio45.5%
Current ratio70%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 16.0mDKK 15.6mDKK 14.6m
Net profitDKK 2.3mDKK 2.3mDKK 1.7m
EquityDKK 22.5mDKK 20.5mDKK 18.4m
Total assetsDKK 49.4mDKK 50.9mDKK 52.3m
CashDKK 2,207DKK 34k–
Short-term debtDKK 15.6mDKK 17.5m–
Tax owedDKK 328kDKK 441k–
Avg. employees1917–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 2024167
1 Jan 2023 – 31 Dec 2023163
1 Jan 2022 – 31 Dec 2022142
1 Jan 2021 – 31 Dec 2021129
1 Jan 2020 – 31 Dec 2020153
1 Jan 2019 – 31 Dec 2019150
1 Jan 2018 – 31 Dec 2018126
1 Jan 2017 – 31 Dec 2017129
1 Jan 2016 – 31 Dec 201695
1 Jan 2015 – 31 Dec 2015140
1 Jan 2014 – 31 Dec 201497
1 Jan 2013 – 31 Dec 201378
1 Jan 2012 – 31 Dec 201282
1 Jan 2011 – 31 Dec 2011122
1 Jan 2010 – 31 Dec 201098
11 Jun 2009 – 31 Dec 2009125

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
CEOMogens Andreas Eiler Gloggengiehser
BoardBjarne BertelsenCurrent
BoardLars MarkCurrent
BoardMads Conradsen KongstadCurrent
BoardLars Conradsen KongstadCurrent
BoardHenning Kongstad
BoardMogens Andreas Eiler Gloggengiehser
BoardArne Svenningsen
BoardMads Conradsen Kongstad
Owner (50%)IFTU ApSCurrent
Owner (5%)Lars MarkCurrent
Owner (33%)Bjarne BertelsenCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMogens Andreas Eiler GloggengiehserCurrent
FounderIFTU ApSCurrent

The CEOs' other companies

Mogens Andreas Eiler Gloggengiehser – 3 other companies, of which 1 bankrupt

Address history (2 moves)

H C Ørsteds Vej 22, 7800 Skive
H C Ørsteds Vej 22, 7800 Skive
c/o IFTU SCANBAG ApS, Grenåvej 631C, 8541 Skødstrup

Former names

DANBAG PAPER SOLUTIONS A/S – now
DANBAG PAPER SOLOUTION A/S –

Employees per year

Number of employees at DANBAG PAPER SOLUTIONS A/S per year10202011: 1620112012: 1620122013: 1620132014: 1720142015: 1720152016: 1820162017: 1820172018: 202018

Other companies at the same address

Similar companies in Skive

Questions and answers about DANBAG PAPER SOLUTIONS A/S

Has DANBAG PAPER SOLUTIONS A/S gone bankrupt?

No, DANBAG PAPER SOLUTIONS A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of DANBAG PAPER SOLUTIONS A/S?

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 auditor of DANBAG PAPER SOLUTIONS A/S?

DANBAG PAPER SOLUTIONS A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was DANBAG PAPER SOLUTIONS A/S founded?

DANBAG PAPER SOLUTIONS A/S was founded on 11 June 2009.

What is the equity of DANBAG PAPER SOLUTIONS A/S?

Equity was DKK 22.5m 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.