Audio Distribution Group ApS

CVR 37193003 · Private limited company (ApS) · Active · Medium risk

Audio Distribution Group ApS is a Private limited company (ApS), founded on , based in Risskov. The company is registered in the industry engroshandel med radio og tv, fotografiske og optiske artikler. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 10 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 823k and a net result of DKK -109k. CEO: Steven Arthur Philip Russell.

Bankruptcy risk for Audio Distribution Group ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Loss for the yearYes · bankruptcy rate 10.3%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 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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
37193003
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Nordlandsvej 90C
8240 Risskov
Municipality
Aarhus
Industry
Engroshandel med radio og tv, fotografiske og optiske artikler (464320)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 50k
Employees
5 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 10
Missing annual reportNo
Negative equityNo
Equity ratio31.3%
Current ratio55%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 496kDKK 572kDKK 518k
Net profitDKK -109kDKK -47kDKK 32k
EquityDKK 823kDKK 932kDKK 980k
Total assetsDKK 2.6mDKK 2.5mDKK 2.1m
CashDKK 107kDKK 118k–
Short-term debtDKK 1.8mDKK 1.5m–
Avg. employees77–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024168
1 Jan 2023 – 31 Dec 2023155
1 Jan 2022 – 31 Dec 2022137
1 Jan 2021 – 31 Dec 2021116
1 Jan 2020 – 31 Dec 2020137
1 Jan 2019 – 31 Dec 201997
1 Jan 2018 – 31 Dec 2018149
1 Jan 2017 – 31 Dec 2017137
30 Oct 2015 – 31 Dec 2016100

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
CEOSteven Arthur Philip RussellCurrent
CEOPeter Bager
BoardSteven Arthur Philip RussellCurrent
BoardPeter BagerCurrent
BoardBruce Gordon McMichael DavidsonCurrent
Owner (33%)So Animated ApSCurrent
Owner (33%)Anderida Media LtdCurrent
Owner (10%)AUXILIUM ApSCurrent
Owner (5%)AUXILIUM ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
FounderSteven Arthur Philip RussellCurrent

The CEOs' other companies

Steven Arthur Philip Russell – 2 other companies

Peter Bager – 59 other companies, of which 12 bankrupt

Address history (3 moves)

Nordlandsvej 90C, 8240 Risskov
Nordlandsvej 90, 8240 Risskov
Viengevej 2, 8240 Risskov
Skejbyvej 71, 8240 Risskov

Employees per year

Number of employees at Audio Distribution Group ApS per year352016: 420162017: 520172018: 52018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Audio Distribution Group ApS

Has Audio Distribution Group ApS gone bankrupt?

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

What is the bankruptcy risk of Audio Distribution Group ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of Audio Distribution Group ApS?

Steven Arthur Philip Russell is the CEO of Audio Distribution Group ApS.

Who is the auditor of Audio Distribution Group ApS?

Audio Distribution Group ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was Audio Distribution Group ApS founded?

Audio Distribution Group ApS was founded on 30 October 2015.

What is the equity of Audio Distribution Group ApS?

Equity was DKK 823k 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.