NoBRAKES ApS

CVR 35377379 · Private limited company (ApS) · Active · Medium risk

NoBRAKES ApS is a Private limited company (ApS), founded on , based in Ikast. The company is registered in the industry agenturhandel med tekstiler, beklædning, pelsværk, fodtøj og lædervarer. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 12 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 18.0m and a net result of DKK 10.2m. CEO: Wai Chung Cheung.

Bankruptcy risk for NoBRAKES 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

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Equity vs. share capital5+× · 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×
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×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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
35377379
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Marsvej 6
7430 Ikast
Municipality
Ikast-Brande
Industry
Agenturhandel med tekstiler, beklædning, pelsværk, fodtøj og lædervarer (461600)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 1.3m
Employees
9 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 12
Missing annual reportNo
Negative equityNo
Equity ratio40.6%
Current ratio163%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address24
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 24.7mDKK 17.4mDKK 9.8m
Net profitDKK 10.2mDKK 6.2mDKK 1.1m
EquityDKK 18.0mDKK 14.2mDKK 8.0m
Total assetsDKK 44.4mDKK 35.3mDKK 29.5m
CashDKK 858kDKK 862k–
Short-term debtDKK 26.4mDKK 20.9m–
Tax owedDKK 2.9mDKK 1.8m–
Avg. employees1815–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202564
1 Jan 2024 – 31 Dec 202451
1 Jan 2023 – 31 Dec 202365
1 Jan 2022 – 31 Dec 202268
1 Oct 2020 – 31 Dec 202163
1 Oct 2019 – 30 Sep 2020152
1 Oct 2018 – 30 Sep 2019112
1 Oct 2017 – 30 Sep 201867
1 Oct 2016 – 30 Sep 201774
1 Oct 2015 – 30 Sep 2016145
1 Oct 2014 – 30 Sep 2015152
14 Jun 2013 – 30 Sep 2014149

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
CEOWai Chung CheungCurrent
CEOLars Munkholm
BoardNikolaj Anders HustCurrent
BoardWai Chung CheungCurrent
BoardClaus FiskerCurrent
BoardJens Christian Løgsted JepsenCurrent
BoardLars Munkholm
BoardWai Chung Cheung
BoardHeinrich Hoelgaard Gustafson
BoardJacob Cadovius
BoardJacob Cadovius
Owner (100%)NoBRAKES Holding ApSCurrent
Owner (50%)CADOVIUS ApS
Owner (50%)MUNK STORE ApS
Owner (20%)SUHO ApS
Owner (33%)CADOVIUS ApS
Owner (33%)MUNK STORE ApS
Owner (10%)CWC Holding ApS
Owner (10%)CWC Holding ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderCADOVIUS ApSCurrent
FounderMUNK STORE ApSCurrent

The CEOs' other companies

Wai Chung Cheung – 1 other companies

Lars Munkholm – 6 other companies, of which 2 bankrupt

Address history (2 moves)

Marsvej 6, 7430 Ikast
Hammershusvej 10, 7400 Herning
Klokkehøj 46, 7400 Herning

Former names

NoBRAKES ApS – now
NOBRAKES ApS –

Employees per year

Number of employees at NoBRAKES ApS per year592014: 120142015: 520152016: 720162017: 920172018: 92018

Other companies at the same address

Similar companies in Ikast-Brande

Questions and answers about NoBRAKES ApS

Has NoBRAKES ApS gone bankrupt?

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

What is the bankruptcy risk of NoBRAKES 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 CEO of NoBRAKES ApS?

Wai Chung Cheung is the CEO of NoBRAKES ApS.

Who is the auditor of NoBRAKES ApS?

NoBRAKES ApS most recently used EY Godkendt Revisionspartnerselskab.

When was NoBRAKES ApS founded?

NoBRAKES ApS was founded on 14 June 2013.

What is the equity of NoBRAKES ApS?

Equity was DKK 18.0m 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.