Refine Finishing ApS

CVR 35041966 · Private limited company (ApS) · Active · Medium risk

Refine Finishing ApS is a Private limited company (ApS), founded on , based in Slagelse. The company is registered in the industry fremstilling af andre maskiner til specielle formål i.a.n.. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 12 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -39.3m and a net result of DKK -2.3m. CEO: Peter Eriksen.

Bankruptcy risk for Refine Finishing ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

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

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×

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
35041966
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Elmedalsvej 20
4200 Slagelse
Municipality
Slagelse
Industry
Fremstilling af andre maskiner til specielle formål i.a.n. (289900)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 80k
Employees
11 (2018)
Auditor
Kreston CM Statsautoriseret Revisions interessentskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 12
Missing annual reportNo
Negative equityYes
Equity ratio-177.5%
Current ratio50%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address8
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -2.2mDKK -3.1m
Net profitDKK -2.3mDKK -5.3m
EquityDKK -39.3mDKK -37.0m
Total assetsDKK 22.2mDKK 21.2m
Short-term debtDKK 44.6m–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · KRESTON CM,Statsautoriseret Revisionsinteressentskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025180
1 Jul 2023 – 30 Jun 2024187 Late
1 Jul 2022 – 30 Jun 2023184 Late
1 Jul 2021 – 30 Jun 2022183
1 Jul 2020 – 30 Jun 2021159
1 Jul 2019 – 30 Jun 2020164
1 Jul 2018 – 30 Jun 2019159
1 Jul 2017 – 30 Jun 2018156
1 Jul 2016 – 30 Jun 2017164
1 Jul 2015 – 30 Jun 2016116
1 Jul 2014 – 30 Jun 2015164
1 Feb 2013 – 30 Jun 2014136

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
CEOPeter EriksenCurrent
CEOBjarke Gerdes-Nielsen
CEOMichael Astrup
CEOBjarke Gerdes-Nielsen
BoardBjarke Gerdes-Nielsen
BoardGregers Cotzand
BoardSøren Pedersen
BoardGregers Cotzand
BoardSøren Pedersen
BoardPeter Eriksen
Owner (100%)NILPETER HOLDING ApSCurrent
Owner (50%)PROFESSIONAL PACKAGING SYSTEMS A/S
Owner (33%)NOBLE LION HOLDING ApS
Owner (50%)NILPETER HOLDING ApS
Owner (67%)NILPETER HOLDING ApS
Owner (25%)NOBLE LION HOLDING ApS
AuditorKreston CM Statsautoriseret Revisions interessentskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorGBH REVISION & RÅDGIVNING REGISTRERET REVISIONSAKTIESELSKAB
FounderBjarke Gerdes-NielsenCurrent
FounderMichael AstrupCurrent

The CEOs' other companies

Peter Eriksen – 6 other companies, of which 1 bankrupt

Bjarke Gerdes-Nielsen – 3 other companies, of which 1 bankrupt

Michael Astrup – 1 other companies

Address history (4 moves)

Elmedalsvej 20, 4200 Slagelse
Lejrvej 29, 3500 Værløse
Ryttermarken 8, 3520 Farum
Hejrevang 24, st., 3450 Allerød
Søndervangen 86, 3460 Birkerød

Former names

Refine Finishing ApS – now
WEROSYS ApS –

Employees per year

Number of employees at Refine Finishing ApS per year6112013: 020132014: 420142015: 520152016: 820162017: 720172018: 112018

Other companies at the same address

Similar companies in Slagelse

Questions and answers about Refine Finishing ApS

Has Refine Finishing ApS gone bankrupt?

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

What is the bankruptcy risk of Refine Finishing ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Refine Finishing ApS?

Peter Eriksen is the CEO of Refine Finishing ApS.

Who is the auditor of Refine Finishing ApS?

Refine Finishing ApS most recently used Kreston CM Statsautoriseret Revisions interessentskab.

When was Refine Finishing ApS founded?

Refine Finishing ApS was founded on 1 February 2013.

What is the equity of Refine Finishing ApS?

Equity was DKK -39.3m according to the annual report for the period ending 30 June 2025.

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