Spear Holding ApS
CVR 36972726 · Private limited company (ApS) · Active · Low risk
Spear Holding ApS is a Private limited company (ApS), founded on , based in Hinnerup. The company is registered in the industry anden finansiel formidling i.a.n.. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 11 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 28.9m and a net result of DKK 2.4m. CEO: Carsten Øland Madsen.
Bankruptcy risk for Spear Holding ApS
0.0 × the average (1.41%) · higher risk than 6% of active Danish companies
Increases the risk
No significant risk factors.
Reduces the risk
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
- 36972726
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (11 years)
- Address
- Søndermarken 153
8382 Hinnerup - Municipality
- Favrskov
- Industry
- Anden finansiel formidling i.a.n. (649990)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 50k
- Auditor
- Beierholm Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 11 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 99.1% |
| Current ratio | 5,517% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 0 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -29k | DKK -27k | DKK -45k |
| Net profit | DKK 2.4m | DKK 3.0m | DKK 2.5m |
| Equity | DKK 28.9m | DKK 26.6m | DKK 23.8m |
| Total assets | DKK 29.2m | DKK 26.9m | DKK 23.9m |
| Cash | DKK 14.0m | DKK 12.6m | – |
| Short-term debt | DKK 258k | DKK 214k | – |
| Tax owed | DKK 0 | DKK 173k | – |
| Avg. employees | 0 | 0 | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 169 | ||
| 1 Jan 2024 – 31 Dec 2024 | 163 | ||
| 1 Jan 2023 – 31 Dec 2023 | 180 | ||
| 1 Jan 2022 – 31 Dec 2022 | 146 | ||
| 1 Jan 2021 – 31 Dec 2021 | 158 | ||
| 1 Jan 2020 – 31 Dec 2020 | 127 | ||
| 1 Jan 2019 – 31 Dec 2019 | 147 | ||
| 1 Jan 2018 – 31 Dec 2018 | 149 | ||
| 1 Jan 2017 – 31 Dec 2017 | 158 | ||
| 1 Jan 2016 – 31 Dec 2016 | 151 | ||
| 1 Jan 2015 – 31 Dec 2015 | 141 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Carsten Øland Madsen | Current | |
| Owner (100%) | Carsten Øland Madsen | Current | |
| Auditor | Beierholm Godkendt Revisionspartnerselskab | Current | |
| Auditor | EY Godkendt Revisionspartnerselskab |
The CEOs' other companies
Carsten Øland Madsen – 4 other companies
- NAVICON A/S Active
- NAVICON HOLDING ApS Active
- NOWCO A/S Opløst
- Navicon Holding 2 ApS Fusioneret
Address history (0 moves)
| Søndermarken 153, 8382 Hinnerup |
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Questions and answers about Spear Holding ApS
Has Spear Holding ApS gone bankrupt?
No, Spear Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Spear Holding ApS?
Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of Spear Holding ApS?
Carsten Øland Madsen is the CEO of Spear Holding ApS.
Who is the auditor of Spear Holding ApS?
Spear Holding ApS most recently used Beierholm Godkendt Revisionspartnerselskab.
When was Spear Holding ApS founded?
Spear Holding ApS was founded on 21 May 2015.
What is the equity of Spear Holding ApS?
Equity was DKK 28.9m 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.