MUSIC GROUP DENMARK A/S

CVR 33777175 · Public limited company (A/S) · Active · Medium risk

MUSIC GROUP DENMARK A/S is a Public limited company (A/S), founded on , based in Risskov. The company is registered in the industry engroshandel med radio og tv, fotografiske og optiske artikler. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 14 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 387k and a net result of DKK -2.0m.

Bankruptcy risk for MUSIC GROUP DENMARK A/S

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
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×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
33777175
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Norddigesvej 4
8240 Risskov
Municipality
Aarhus
Industry
Engroshandel med radio og tv, fotografiske og optiske artikler (464320)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
10 (2018)
Auditor
MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 14
Missing annual reportNo
Negative equityNo
Equity ratio2.0%
Current ratio98%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address18
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 4.9mDKK 6.0m
Net profitDKK -2.0mDKK -2.0m
EquityDKK 387kDKK 2.4m
Total assetsDKK 19.5mDKK 18.7m
CashDKK 888k–
Short-term debtDKK 19.2m–
Avg. employees13–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025182
1 Oct 2023 – 30 Sep 2024164
1 Oct 2022 – 30 Sep 2023188 Late
1 Oct 2021 – 30 Sep 2022101
1 Oct 2020 – 30 Sep 202164
1 Oct 2019 – 30 Sep 202082
1 Oct 2018 – 30 Sep 201999
1 Oct 2017 – 30 Sep 2018159
1 Oct 2016 – 30 Sep 201776
1 Oct 2015 – 30 Sep 2016122
1 Oct 2014 – 30 Sep 2015166
1 Oct 2013 – 30 Sep 2014178
1 Oct 2012 – 30 Sep 2013171
4 Jul 2011 – 30 Sep 2012155

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
BoardPalle BertelsenCurrent
BoardMark Christoffer Fjeldgaard ArensbachCurrent
BoardWilliam Vester BertelsenCurrent
BoardAllan Bagger Steenfeldt
BoardClaus René Hansen
BoardPalle Bertelsen
BoardMette Vester Bertelsen
BoardClaus René Hansen
BoardPalle Bertelsen
BoardAnders Iversen
BoardJon Richard Søby Røsand
BoardStefan Rosenlund
BoardMette Vester Bertelsen
BoardWilliam Vester Bertelsen
BoardJonas Mørkøre Andersen
Owner (100%)RETAIL COMPANY ApSCurrent
Owner (100%)RETAIL COMPANY ApS
Owner (67%)RETAIL COMPANY ApS
Owner (10%)Dansk Web Salg ApS
Owner (100%)RETAIL COMPANY ApS
Owner (100%)Music Group Denmark Holding ApS
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorEY Godkendt Revisionspartnerselskab
FounderRETAIL COMPANY ApSCurrent
FounderMUSIC GROUP HOLDING ApSCurrent

Address history (2 moves)

Norddigesvej 4, 8240 Risskov
Dalsagervej 25, 8250 Egå
Gåseagervej 8, 8250 Egå

Employees per year

Number of employees at MUSIC GROUP DENMARK A/S per year5102011: 420112012: 220122013: 520132014: 620142015: 420152016: 320162017: 720172018: 102018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about MUSIC GROUP DENMARK A/S

Has MUSIC GROUP DENMARK A/S gone bankrupt?

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

What is the bankruptcy risk of MUSIC GROUP DENMARK A/S?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the auditor of MUSIC GROUP DENMARK A/S?

MUSIC GROUP DENMARK A/S most recently used MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was MUSIC GROUP DENMARK A/S founded?

MUSIC GROUP DENMARK A/S was founded on 4 July 2011.

What is the equity of MUSIC GROUP DENMARK A/S?

Equity was DKK 387k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.