K.S.M HOLDING ApS
CVR 32272444 · Private limited company (ApS) · Active · Low risk
K.S.M HOLDING ApS is a Private limited company (ApS), founded on , based in Ulfborg. 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. 17 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 716k and a net result of DKK -277k. CEO: Karsten Thesbjerg Madsen.
Bankruptcy risk for K.S.M HOLDING ApS
0.2 × the average (1.41%) · higher risk than 49% of active Danish companies
Increases the risk
Reduces the risk
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
- 32272444
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (17 years)
- Address
- c/o Karsten Madsen, Vesterhavsvej 78
6990 Ulfborg - Municipality
- Ringkøbing-Skjern
- Industry
- Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 125k
- Auditor
- KRØYER PEDERSEN, Statsautoriserede Revisorer P/S
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 1 of 17 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 42.9% |
| Current ratio | 22% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 2 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net profit | DKK -277k | DKK 284k | DKK 139k |
| Equity | DKK 716k | DKK 1.1m | DKK 839k |
| Total assets | DKK 1.7m | DKK 1.6m | DKK 1.3m |
| Cash | DKK 0 | DKK 199k | – |
| Short-term debt | DKK 951k | DKK 489k | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · KRØYER PEDERSEN, Statsautoriserede Revisorer P/S.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 169 | ||
| 1 Jan 2024 – 31 Dec 2024 | 176 | ||
| 1 Jan 2023 – 31 Dec 2023 | 163 | ||
| 1 Jan 2022 – 31 Dec 2022 | 179 | ||
| 1 Jan 2021 – 31 Dec 2021 | 179 | ||
| 1 Jan 2020 – 31 Dec 2020 | 182 | ||
| 1 Jan 2019 – 31 Dec 2019 | 246 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 150 | ||
| 1 Jan 2017 – 31 Dec 2017 | 152 | ||
| 1 Jan 2016 – 31 Dec 2016 | 163 | ||
| 1 Jan 2015 – 31 Dec 2015 | 158 | ||
| 1 Jan 2014 – 31 Dec 2014 | 159 | ||
| 1 Jan 2013 – 31 Dec 2013 | 156 | ||
| 1 Jan 2012 – 31 Dec 2012 | 151 | ||
| 1 Jan 2011 – 31 Dec 2011 | 159 | ||
| 1 Jan 2010 – 31 Dec 2010 | 155 | ||
| 26 Jun 2009 – 31 Dec 2009 | 160 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Karsten Thesbjerg Madsen | Current | |
| Owner (100%) | Karsten Thesbjerg Madsen | Current | |
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | KPSR I/S | ||
| Auditor | Krøyer Pedersen Statsautoriserede Revisorer P/S | ||
| Founder | Karsten Thesbjerg Madsen | Current |
The CEOs' other companies
Karsten Thesbjerg Madsen – 3 other companies
- Brink & Madsen ApS Active
- KSM EJENDOMME ApS Active
- VEDERSØ EL ApS Opløst
Address history (1 moves)
| c/o Karsten Madsen, Vesterhavsvej 78, 6990 Ulfborg | |
| c/o Karsten Søndergaard Madsen, Vesterhavsvej 62, 6990 Ulfborg |
Other companies at the same address
- KSM EJENDOMME ApS Active
- VEDERSØ EL ApS Opløst
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Questions and answers about K.S.M HOLDING ApS
Has K.S.M HOLDING ApS gone bankrupt?
No, K.S.M HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of K.S.M 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 K.S.M HOLDING ApS?
Karsten Thesbjerg Madsen is the CEO of K.S.M HOLDING ApS.
Who is the auditor of K.S.M HOLDING ApS?
K.S.M HOLDING ApS most recently used KRØYER PEDERSEN, Statsautoriserede Revisorer P/S.
When was K.S.M HOLDING ApS founded?
K.S.M HOLDING ApS was founded on 26 June 2009.
What is the equity of K.S.M HOLDING ApS?
Equity was DKK 716k 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.