SM VÆRKTØJ ApS
CVR 32308074 · Private limited company (ApS) · Active · Medium risk
SM VÆRKTØJ ApS is a Private limited company (ApS), founded on , based in Ikast. The company is registered in the industry engroshandel med isenkram, varmeanlæg og tilbehør. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 12 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 15.7m and a net result of DKK 2.3m. CEO: Steffan Haugaard Madsen.
Bankruptcy risk for SM VÆRKTØJ ApS
1.6 × the average (1.41%) · higher risk than 84% 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
- 32308074
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (12 years)
- Address
- Smedevej 16C
7430 Ikast - Municipality
- Ikast-Brande
- Industry
- Engroshandel med isenkram, varmeanlæg og tilbehør (468400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr - Share capital
- DKK 84k
- Employees
- 6 (2018)
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 4 of 12 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 30.3% |
| Current ratio | 138% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 1 |
| Other companies at the address | 6 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 18.1m | DKK 17.4m | DKK 14.8m |
| Net profit | DKK 2.3m | DKK 1.8m | DKK 2.7m |
| Equity | DKK 15.7m | DKK 14.3m | DKK 15.5m |
| Total assets | DKK 52.0m | DKK 44.6m | DKK 36.8m |
| Cash | DKK 683k | DKK 96k | – |
| Short-term debt | DKK 36.0m | DKK 30.3m | – |
| Tax owed | DKK 429k | DKK 213k | – |
| Avg. employees | 16 | 22 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 198 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 195 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 181 | ||
| 1 Jan 2022 – 31 Dec 2022 | 191 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 144 | ||
| 1 Jan 2020 – 31 Dec 2020 | 173 | ||
| 1 Jan 2019 – 31 Dec 2019 | 240 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 148 | ||
| 1 Jan 2017 – 31 Dec 2017 | 151 | ||
| 1 Jan 2016 – 31 Dec 2016 | 108 | ||
| 1 Jan 2015 – 31 Dec 2015 | 155 | ||
| 28 Jan 2014 – 31 Dec 2014 | 75 |
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 | Steffan Haugaard Madsen | Current | |
| Owner (100%) | Steffan Madsen Holding ApS | Current | |
| Owner (20%) | MIKKEL F. HANSEN HOLDING ApS | ||
| Owner (67%) | Steffan Haugaard Madsen | ||
| Owner (33%) | Steffan Haugaard Madsen | ||
| Owner (33%) | Michael Rafaelsen Pedersen | ||
| Owner (33%) | Michael Rafaelsen Pedersen | ||
| Owner (50%) | Steffan Haugaard Madsen | ||
| Owner (33%) | Steffan Madsen Holding ApS | ||
| Owner (33%) | MIPE Holding ApS | ||
| Owner (50%) | Steffan Madsen Holding ApS | ||
| Owner (33%) | MIPE Holding ApS | ||
| Owner (50%) | MIPE Holding ApS | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | Steffan Haugaard Madsen | Current |
The CEOs' other companies
Steffan Haugaard Madsen – 7 other companies, of which 1 bankrupt
- RC Cars IVS Bankrupt 21 Feb 2020
- Kirbek Holding ApS Active
- Kni-Pen ApS Active
- M.S. Invest ApS Active
- NORSE Denmark ApS Active
- Steffan Madsen Holding ApS Active
- T.M. Ejendomme ApS Active
Address history (3 moves)
| Smedevej 16C, 7430 Ikast | |
| Lene Haus Vej 10, 7430 Ikast | |
| Navervej 6B, 7430 Ikast | |
| Nedre Hestlundvej 13, 7430 Ikast |
Employees per year
Other companies at the same address
- BELODAN LIMTRÆ ApS Bankrupt
- Engsig Transport ApS Active
- Kni-Pen ApS Active
- M.S. Invest ApS Active
- NORSE Denmark ApS Active
- T.M. Ejendomme ApS Active
Similar companies in Ikast-Brande
- J.E.L. EJSTRUPHOLM ApS Ejstrupholm
- Toolster ApS Ikast
- IKAST JERN & STÅL A/S Ikast
- MM-VÆRKTØJ ApS Bording
- TW-IN-PRO DENMARK ApS Brande
Questions and answers about SM VÆRKTØJ ApS
Has SM VÆRKTØJ ApS gone bankrupt?
No, SM VÆRKTØJ ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of SM VÆRKTØJ ApS?
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 CEO of SM VÆRKTØJ ApS?
Steffan Haugaard Madsen is the CEO of SM VÆRKTØJ ApS.
Who is the auditor of SM VÆRKTØJ ApS?
SM VÆRKTØJ ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was SM VÆRKTØJ ApS founded?
SM VÆRKTØJ ApS was founded on 28 January 2014.
What is the equity of SM VÆRKTØJ ApS?
Equity was DKK 15.7m 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.