COLD A/S

CVR 36041285 · Public limited company (A/S) · Active · Medium risk

COLD A/S is a Public limited company (A/S), founded on , based in Hirtshals. The company is registered in the industry fremstilling af andre tekniske og industrielle tekstiler. 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, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 4.3m and a net result of DKK 1.8m. CEO: Michael Cold.

Bankruptcy risk for COLD A/S

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Company typeA/S · bankruptcy rate 4.4%0.50×
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
36041285
Status
Active
Company type
Public limited company (A/S)
Founded
(12 years)
Address
Pastelvej 14
9850 Hirtshals
Municipality
Hjørring
Industry
Fremstilling af andre tekniske og industrielle tekstiler (139600)
Bankruptcies in the industry: Fremstilling af boligtekstiler
Share capital
DKK 1.7m
Employees
13 (2018)
Auditor
AROS STATSAUTORISEREDE REVISORER I/S
Audit opted out
No

Warning signs

Annual reports filed late4 of 12
Missing annual reportNo
Negative equityNo
Equity ratio29.4%
Current ratio93%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies1
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 16.3mDKK 16.8mDKK 9.4m
Net profitDKK 1.8mDKK 4.0mDKK 2.1m
EquityDKK 4.3mDKK 5.5mDKK 6.7m
Total assetsDKK 14.6mDKK 15.0mDKK 11.2m
CashDKK 25kDKK 28k–
Short-term debtDKK 9.5mDKK 8.3m–
Tax owedDKK 636k––
Avg. employees1617–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Aros statsautoriserede revisorer.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025190 Late
1 Jan 2024 – 31 Dec 202480
1 Jan 2023 – 31 Dec 202333
1 Jan 2022 – 31 Dec 2022102
1 Jan 2021 – 31 Dec 202170
1 Jan 2020 – 31 Dec 202055
1 Jan 2019 – 31 Dec 2019251 Late
1 Jan 2018 – 31 Dec 2018198 Late
1 Jan 2017 – 31 Dec 2017186 Late
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 201590
1 Jan 2014 – 31 Dec 2014117

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
CEOMichael ColdCurrent
CEOMichael Cold
CEOKarl Christian Lemmergaard Lunden
BoardMichael ColdCurrent
BoardSøren Nørgaard SørensenCurrent
BoardMorten SkovsgaardCurrent
BoardHeidi Fuglsang Cold
BoardKarl Christian Lemmergaard Lunden
Owner (50%)MICHAEL COLD HOLDING ApSCurrent
Owner (50%)Skovse Holding ApSCurrent
Owner (100%)MICHAEL COLD HOLDING ApS
Owner (25%)MICHAEL COLD HOLDING ApS
Owner (67%)KC Lunden Holding ApS
AuditorAROS STATSAUTORISEREDE REVISORER I/SCurrent
FounderMichael ColdCurrent

The CEOs' other companies

Michael Cold – 6 other companies, of which 2 bankrupt

Karl Christian Lemmergaard Lunden – 15 other companies, of which 1 bankrupt

Address history (1 moves)

Pastelvej 14, 9850 Hirtshals
Pastelvej 14, 9850 Hirtshals

Employees per year

Number of employees at COLD A/S per year10192014: 020142015: 1920152016: 1620162017: 1420172018: 132018

Other companies at the same address

Similar companies in Hjørring

Questions and answers about COLD A/S

Has COLD A/S gone bankrupt?

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

What is the bankruptcy risk of COLD A/S?

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 COLD A/S?

Michael Cold is the CEO of COLD A/S.

Who is the auditor of COLD A/S?

COLD A/S most recently used AROS STATSAUTORISEREDE REVISORER I/S.

When was COLD A/S founded?

COLD A/S was founded on 30 June 2014.

What is the equity of COLD A/S?

Equity was DKK 4.3m 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.