Northlands ApS

CVR 35545905 · Private limited company (ApS) · Active · High risk

Northlands ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry detailhandel med andre nye varer. Our model estimates a bankruptcy risk of 2.8% over the next 12 months, which is 2.0 times the average for Danish companies. 11 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 -1.2m and a net result of DKK 2,961. CEO: Mads Jonathan Kapler Rehl.

Bankruptcy risk for Northlands ApS

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

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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

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×
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 resigned in the last yearYes · 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
35545905
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Skejby Nordlandsvej 303C
8200 Aarhus N
Municipality
Aarhus
Industry
Detailhandel med andre nye varer (477800)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 106k
Employees
10 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 11
Missing annual reportNo
Negative equityYes
Equity ratio-20.9%
Current ratio83%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 5.2mDKK 5.0m
Net profitDKK 2,961DKK 42k
EquityDKK -1.2mDKK -1.2m
Total assetsDKK 5.7mDKK 5.9m
CashDKK 308k–
Short-term debtDKK 6.8m–
Avg. employees10–

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 2025166
1 Jan 2024 – 31 Dec 2024155
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021185 Late
1 Jan 2020 – 31 Dec 2020186 Late
1 May 2018 – 30 Apr 2019154
1 May 2017 – 30 Apr 201859
1 May 2016 – 30 Apr 2017155
1 May 2015 – 30 Apr 2016153
2 Jan 2014 – 31 Dec 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
CEOMads Jonathan Kapler RehlCurrent
CEOSteen Hegaard Christensen
BoardJacob Møller JensenCurrent
BoardSteen Hegaard ChristensenCurrent
BoardPeter BagerCurrent
BoardSimon Møller Eike
Owner (25%)HEGAARD CHRISTENSEN HOLDING ApSCurrent
Owner (33%)Kiloo Ventures A/SCurrent
Owner (5%)SKOVVANG HOLDING ApSCurrent
Owner (5%)Rehl Holding ApSCurrent
Owner (50%)Kiloo Capital A/S
Owner (50%)HEGAARD CHRISTENSEN HOLDING ApS
Owner (33%)Kiloo Capital A/S
Owner (33%)HEGAARD CHRISTENSEN HOLDING ApS
Owner (5%)SKOVVANG HOLDING ApS
Owner (33%)Kiloo Ventures A/S
Owner (10%)SKOVVANG HOLDING ApS
Owner (25%)HEGAARD CHRISTENSEN HOLDING ApS
Owner (67%)Kiloo Ventures A/S
Owner (5%)SKOVVANG HOLDING ApS
Owner (50%)Kiloo Ventures A/S
Owner (5%)SKOVVANG HOLDING ApS
Owner (5%)Rehl Holding ApS
Owner (33%)Kiloo Ventures A/S
Owner (10%)SKOVVANG HOLDING ApS
Owner (10%)Rehl Holding ApS
Owner (5%)SKOVVANG HOLDING ApS
Owner (5%)Rehl Holding ApS
Owner (25%)HEGAARD CHRISTENSEN HOLDING ApS
Owner (5%)SKOVVANG HOLDING ApS
Owner (5%)Rehl Holding ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorSelskabet af 22. februar ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSteen Hegaard ChristensenCurrent
FounderKiloo Capital A/SCurrent

The CEOs' other companies

Mads Jonathan Kapler Rehl – 1 other companies

Steen Hegaard Christensen – 1 other companies

Address history (3 moves)

Skejby Nordlandsvej 303C, 8200 Aarhus N
Balshøje 1, 8530 Hjortshøj
Bülowsgade 68, st., 8000 Aarhus C
Klostergade 28, 1., 8000 Aarhus C

Former names

Northlands ApS – now
KATONI ApS –
BABOON ApS –

Employees per year

Number of employees at Northlands ApS per year7142014: 220142015: 420152016: 520162017: 1420172018: 102018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Northlands ApS

Has Northlands ApS gone bankrupt?

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

What is the bankruptcy risk of Northlands ApS?

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 Northlands ApS?

Mads Jonathan Kapler Rehl is the CEO of Northlands ApS.

Who is the auditor of Northlands ApS?

Northlands ApS most recently used Cedra Godkendt Revisionsaktieselskab.

When was Northlands ApS founded?

Northlands ApS was founded on 2 January 2014.

What is the equity of Northlands ApS?

Equity was DKK -1.2m 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.