NORDIC MARINE SERVICE A/S

CVR 32273432 · Public limited company (A/S) · Active · Medium risk

NORDIC MARINE SERVICE A/S is a Public limited company (A/S), founded on , based in Kolding. The company is registered in the industry drift af bugserings-, bjærgnings- og redningsvæsen mv.. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 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 2.3m and a net result of DKK -1.5m.

Bankruptcy risk for NORDIC MARINE SERVICE A/S

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
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×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · 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
32273432
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
c/o Nordic Marine Service, Fabriksvej 10
6000 Kolding
Municipality
Kolding
Industry
Drift af bugserings-, bjærgnings- og redningsvæsen mv. (522220)
Bankruptcies in the industry: Speditører
Share capital
DKK 500k
Employees
16 (2018)
Auditor
AIDER Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 17
Missing annual reportNo
Negative equityNo
Equity ratio17.4%
Current ratio78%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 22.4mDKK 23.3m
Net profitDKK -1.5mDKK 1.2m
EquityDKK 2.3mDKK 3.8m
Total assetsDKK 13.4mDKK 14.9m
Short-term debtDKK 10.7m–
Tax owedDKK 103k–
Avg. employees26–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Baker Tilly Denmark.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025191 Late
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022145
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020140
1 Jan 2019 – 31 Dec 2019128
1 Jan 2018 – 31 Dec 2018130
1 Jan 2017 – 31 Dec 2017142
1 Jan 2016 – 31 Dec 2016124
1 Jan 2015 – 31 Dec 2015112
1 Jan 2014 – 31 Dec 2014155
1 Jan 2013 – 31 Dec 201392
1 Jan 2012 – 31 Dec 2012144
1 Jan 2011 – 31 Dec 2011152
1 Jan 2010 – 31 Dec 2010149
1 Jan 2009 – 31 Dec 2009138

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
CEOKenneth Borch-Andersen
BoardAlexander Borch-AndersenCurrent
BoardAllan Beith-SchüttCurrent
BoardKenneth Borch-AndersenCurrent
BoardKenneth Borch-Andersen
BoardOle Christiansen
BoardFrank Anders Larsen
BoardJens Kjærgaard
BoardAllan Beith-Schütt
Owner (50%)BORCH-ANDERSEN HOLDING ApSCurrent
Owner (50%)A. Schütt Holding ApSCurrent
Owner (50%)FRANK ANDERS LARSEN HOLDING ApS
Owner (33%)BORCH-ANDERSEN HOLDING ApS
AuditorAIDER Godkendt RevisionsaktieselskabCurrent
AuditorRevisorGruppen v/Eva Kristensen
AuditorRevisorgruppen v/Gotfredsen I/S
AuditorREVISIONSCENTRET AABENRAA & PADBORG GODKENDT REVISIONSAKTIESELSKAB
FounderFrank Anders LarsenCurrent

The CEOs' other companies

Kenneth Borch-Andersen – 3 other companies

Address history (3 moves)

c/o Nordic Marine Service, Fabriksvej 10, 6000 Kolding
Fabriksvej 10, 6000 Kolding
Grønlandsvej 1, 5700 Svendborg
Tved Grønnevej 4A, 5700 Svendborg

Employees per year

Number of employees at NORDIC MARINE SERVICE A/S per year12232011: 2120112012: 2020122013: 1920132014: 2220142015: 2320152016: 2120162017: 1620172018: 162018

Other companies at the same address

Similar companies in Kolding

Questions and answers about NORDIC MARINE SERVICE A/S

Has NORDIC MARINE SERVICE A/S gone bankrupt?

No, NORDIC MARINE SERVICE A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of NORDIC MARINE SERVICE A/S?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the auditor of NORDIC MARINE SERVICE A/S?

NORDIC MARINE SERVICE A/S most recently used AIDER Godkendt Revisionsaktieselskab.

When was NORDIC MARINE SERVICE A/S founded?

NORDIC MARINE SERVICE A/S was founded on 26 June 2009.

What is the equity of NORDIC MARINE SERVICE A/S?

Equity was DKK 2.3m 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.