Kreum A/S

CVR 33362765 · Public limited company (A/S) · Active · High risk

Kreum A/S is a Public limited company (A/S), founded on , based in Ulstrup. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 2.8% over the next 12 months, which is 2.0 times the average for Danish companies. 15 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.7m and a net result of DKK -1.3m. CEO: Martin Finderup.

Bankruptcy risk for Kreum A/S

2.8%
probability of bankruptcy within 12 months
High risk

2.0 × the average (1.41%) · higher risk than 87% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
33362765
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Energivej 15
8860 Ulstrup
Municipality
Favrskov
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 551k
Employees
21 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 15
Missing annual reportNo
Negative equityNo
Equity ratio25.9%
Current ratio115%
Moves (last 2 years)1
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 5.9mDKK 5.6mDKK 7.4m
Net profitDKK -1.3mDKK -1.5mDKK -114k
EquityDKK 1.7mDKK 3.0mDKK 4.5m
Total assetsDKK 6.4mDKK 7.7mDKK 9.8m
CashDKK 255kDKK 259k–
Short-term debtDKK 4.8mDKK 4.8m–
Avg. employees1414–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024125
1 Jan 2023 – 31 Dec 2023106
1 Jan 2022 – 31 Dec 202289
1 Jan 2021 – 31 Dec 202194
1 Jan 2020 – 31 Dec 2020131
1 Jan 2019 – 31 Dec 2019112
1 Jan 2018 – 31 Dec 2018136
1 Jan 2017 – 31 Dec 2017171
1 Jan 2016 – 31 Dec 2016166
1 Jan 2015 – 31 Dec 2015148
1 Jan 2014 – 31 Dec 2014139
1 Jan 2013 – 31 Dec 2013155
1 Jan 2012 – 31 Dec 2012162
10 Dec 2010 – 31 Dec 2011177

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
CEOMartin FinderupCurrent
CEOMorten Thøgersen
CEOClaus Ellegård Jacobsen
CEOFrank Haunstrup
BoardKaj Ove MadsenCurrent
BoardMartin FinderupCurrent
BoardPia Suzanne FinderupCurrent
BoardVibeke Asmin Hansen
BoardClaus Ellegård Jacobsen
BoardMartin Finderup
BoardMorten Thøgersen
BoardMorten Broe Simonsen
BoardChristian Grønnemark Jensen
BoardOve Rokkedal
BoardJens Hvam Christensen
BoardJørgen Kjemp Jensen
Owner (67%)FINDERUP INVEST ApSCurrent
Owner (25%)KOM HOLDING A/SCurrent
Owner (33%)BJ HJORTHEDE A/S
Owner (33%)KAJ OVE MADSEN A/S AARHUS
Owner (5%)GRØNNEMARK HOLDING ApS
Owner (33%)BJ HJORTHEDE A/S
Owner (33%)KAJ OVE MADSEN A/S AARHUS
Owner (5%)GRØNNEMARK HOLDING ApS
Owner (20%)BJ HJORTHEDE A/S
Owner (67%)KAJ OVE MADSEN A/S AARHUS
Owner (100%)KAJ OVE MADSEN A/S AARHUS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorULLITS & WINTHER STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKAJ OVE MADSEN A/S AARHUSCurrent
FounderBØRGE JACOBSEN A/SCurrent

The CEOs' other companies

Martin Finderup – 42 other companies

Morten Thøgersen – 50 other companies, of which 1 bankrupt

Claus Ellegård Jacobsen – 7 other companies

Frank Haunstrup – 3 other companies

Address history (1 moves)

Energivej 15, 8860 Ulstrup
Røngevej 6, 8850 Bjerringbro

Former names

Kreum A/S – now
BIGA A/S –

Employees per year

Number of employees at Kreum A/S per year13252011: 820112012: 1320122013: 1420132014: 1520142015: 1820152016: 2220162017: 2520172018: 212018

Other companies at the same address

Questions and answers about Kreum A/S

Has Kreum A/S gone bankrupt?

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

What is the bankruptcy risk of Kreum A/S?

Our model estimates a bankruptcy risk of 2.8% over the next 12 months (high risk), which is 2.0 times the average for Danish companies.

Who is the CEO of Kreum A/S?

Martin Finderup is the CEO of Kreum A/S.

Who is the auditor of Kreum A/S?

Kreum A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was Kreum A/S founded?

Kreum A/S was founded on 10 December 2010.

What is the equity of Kreum A/S?

Equity was DKK 1.7m 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.