Northsea ApS

CVR 36447141 · Private limited company (ApS) · Active · Medium risk

Northsea ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry investering for egen regning. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 11 annual reports have been published, of which 6 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 10.2m. CEO: Michael Heiberg.

Bankruptcy risk for Northsea ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
36447141
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
c/o Ocean ApS, Søtorvet 5, 1. th
1371 København K
Municipality
København
Industry
Investering for egen regning (649910)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Employees
11 (2018)
Auditor
SR REVISION GODKENDT REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late6 of 11
Missing annual reportNo
Negative equityYes
Equity ratio-1.3%
Current ratio64%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies3
Other companies at the address55
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.5mDKK -49kDKK 158k
Net profitDKK 10.2mDKK -446kDKK -1.2m
EquityDKK -1.2mDKK -11.4mDKK -10.9m
Total assetsDKK 90.2mDKK 65.4mDKK 48.9m
CashDKK 480kDKK 517k–
Short-term debtDKK 91.4mDKK 76.7m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · SR Revision Godkendt revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023218 Late
1 Jan 2022 – 31 Dec 2022220 Late
1 Jan 2021 – 31 Dec 2021187 Late
1 Jan 2020 – 31 Dec 2020147
1 Jan 2019 – 31 Dec 2019272 Late
1 Jan 2018 – 31 Dec 2018185 Late
1 Jul 2016 – 31 Dec 2017169
1 Jul 2015 – 30 Jun 2016168
27 Nov 2014 – 30 Jun 2015212 Late

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 HeibergCurrent
CEOStig Michael von Linstow
BoardStefan Andreasen
BoardMichael Heiberg
BoardStig Michael von Linstow
Owner (100%)Michael HeibergCurrent
Owner (100%)Wikibusiness Corporation
Owner (100%)Ocean ApS
Owner (100%)M Heiberg ApS
AuditorSR REVISION GODKENDT REVISIONSAKTIESELSKABCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorKPMG P/S
FounderMichael HeibergCurrent
FounderStig Michael von LinstowCurrent

The CEOs' other companies

Michael Heiberg – 18 other companies, of which 15 bankrupt

Stig Michael von Linstow – 3 other companies

Address history (6 moves)

c/o Ocean ApS, Søtorvet 5, 1. th, 1371 København K
Strandgade 4, 3., 1401 København K
Vendersgade 28, 2. th, 1363 København K
Kronprinsessegade 46E, 1306 København K
Suomisvej 2, 1927 Frederiksberg C
Falkoner Alle 1, 2000 Frederiksberg
Dag Hammarskjölds Allé 13, 2100 København Ø

Former names

Northsea ApS – now
WIKIBUSINESS DENMARK ApS –

Employees per year

Number of employees at Northsea ApS per year6112015: 020152016: 320162017: 920172018: 112018

Other companies at the same address

Similar companies in København

Questions and answers about Northsea ApS

Has Northsea ApS gone bankrupt?

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

What is the bankruptcy risk of Northsea 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 Northsea ApS?

Michael Heiberg is the CEO of Northsea ApS.

Who is the auditor of Northsea ApS?

Northsea ApS most recently used SR REVISION GODKENDT REVISIONSAKTIESELSKAB.

When was Northsea ApS founded?

Northsea ApS was founded on 27 November 2014.

What is the equity of Northsea 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.