Satellite Denmark ApS

CVR 33958358 · Private limited company (ApS) · Active · Medium risk

Satellite Denmark ApS is a Private limited company (ApS), founded on , based in Hirtshals. The company is registered in the industry fremstilling af karosserier til motorkøretøjer; fremstilling af påhængsvogne og sættevogne. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 13 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 37.2m and a net result of DKK 8.6m.

Bankruptcy risk for Satellite Denmark ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
33958358
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Hovedvejen 50A
9850 Hirtshals
Municipality
Hjørring
Industry
Fremstilling af karosserier til motorkøretøjer; fremstilling af påhængsvogne og sættevogne (292000)
Bankruptcies in the industry: Fremstilling af karosserier til motorkøretøjer: fremstilling af påhængsvogne og sættevogne
Share capital
DKK 5.0m
Employees
69 (2018)
Auditor
RSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 13
Missing annual reportNo
Negative equityNo
Equity ratio60.2%
Current ratio220%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 55.5mDKK 34.1mDKK 63.9m
Net profitDKK 8.6mDKK -11.3mDKK -4.6m
EquityDKK 37.2mDKK 28.7mDKK 39.8m
Total assetsDKK 61.8mDKK 86.6mDKK 76.8m
CashDKK 1.9mDKK 13k–
Short-term debtDKK 24.6mDKK 57.4m–
Avg. employees9688–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · RSM Danmark, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025198 Late
1 Jan 2024 – 31 Dec 2024182
1 Oct 2022 – 31 Dec 2023186 Late
1 Oct 2021 – 30 Sep 2022174
1 Oct 2020 – 30 Sep 202163
1 Oct 2019 – 30 Sep 2020144
1 Oct 2018 – 30 Sep 2019120
1 Jan 2017 – 31 Dec 2017115
1 Jan 2016 – 31 Dec 201683
1 Jan 2015 – 31 Dec 2015141
1 Jan 2014 – 31 Dec 2014112
1 Jan 2013 – 31 Dec 201399
5 Oct 2011 – 31 Dec 201273

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
CEOFrits Stjerne
CEOAnders Hornebo
CEOJohn Babcock
BoardTodd HildeCurrent
BoardGeorges KöllerCurrent
BoardEric Philip RiersonCurrent
BoardFinn Madsen
BoardFrits Stjerne
BoardFinn Karsten Frøkjær Andersen
BoardPalle Nørgaard
BoardDennis Severin Mose Stjerne
BoardLori Klukow
BoardJohn Babcock
Owner (100%)Satellite Industries SRLCurrent
Owner (10%)PALLE NØRGAARD INVEST ApS
Owner (33%)FLEXVOGNE ApS
Owner (33%)STJERNE ApS
Owner (10%)KNUDSEN ApS
Owner (10%)MDF HOLDING HIRTSHALS ApS
Owner (33%)STAR ApS
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorEY Godkendt Revisionspartnerselskab
FounderFLEXVOGNE ApSCurrent
FounderSTJERNE ApSCurrent

The CEOs' other companies

Frits Stjerne – 6 other companies, of which 1 bankrupt

Anders Hornebo – 7 other companies, of which 3 bankrupt

Address history (1 moves)

Hovedvejen 50A, 9850 Hirtshals
Hovedvejen 50, 9850 Hirtshals

Former names

Satellite Denmark ApS – now
SCANVOGN ApS –
SCANVOGN A/S –

Employees per year

Number of employees at Satellite Denmark ApS per year701392011: 020112012: 4620122013: 4020132014: 6120142015: 7220152016: 13920162017: 7020172018: 692018

Other companies at the same address

Similar companies in Hjørring

Questions and answers about Satellite Denmark ApS

Has Satellite Denmark ApS gone bankrupt?

No, Satellite Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Satellite Denmark ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the auditor of Satellite Denmark ApS?

Satellite Denmark ApS most recently used RSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Satellite Denmark ApS founded?

Satellite Denmark ApS was founded on 5 October 2011.

What is the equity of Satellite Denmark ApS?

Equity was DKK 37.2m 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.