GLG Rental ApS

CVR 37501875 · Private limited company (ApS) · Active · Medium risk

GLG Rental ApS is a Private limited company (ApS), founded on , based in Farsø. The company is registered in the industry fremstilling af andre maskiner til specielle formål i.a.n.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 9 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 3.6m and a net result of DKK 546k. CEO: Søren Nørregård Olesen.

Bankruptcy risk for GLG Rental ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
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
37501875
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Nibevej 122
9640 Farsø
Municipality
Vesthimmerlands
Industry
Fremstilling af andre maskiner til specielle formål i.a.n. (289900)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 143k
Employees
0 (2017)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 9
Missing annual reportNo
Negative equityNo
Equity ratio25.0%
Current ratio70%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies3
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 5.5mDKK 4.5mDKK 4.1m
Net profitDKK 546kDKK -70kDKK 107k
EquityDKK 3.6mDKK 2.1mDKK 2.2m
Total assetsDKK 14.3mDKK 12.4mDKK 14.2m
Short-term debtDKK 4.9mDKK 9.0m–
Avg. employees44–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 2024190 Late
1 Jan 2023 – 31 Dec 2023206 Late
1 Jan 2022 – 31 Dec 2022152
1 Jan 2021 – 31 Dec 2021172
1 May 2019 – 30 Apr 2020209 Late
1 May 2018 – 30 Apr 2019168
1 Jan 2017 – 30 Apr 2018255 Late
1 Mar 2016 – 31 Dec 2016150

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
CEOSøren Nørregård OlesenCurrent
CEONiels Kristian Nielsen
Owner (100%)GLG-Holding ApSCurrent
Owner (100%)NKN ApS
Owner (67%)NKN ApS
Owner (25%)FONDEN SPRING NORDIC
Owner (100%)SØREN NØRREGAARD OLESEN HOLDING ApS
Owner (100%)Søren Nørregård Olesen
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderNKN ApSCurrent

The CEOs' other companies

Søren Nørregård Olesen – 11 other companies, of which 4 bankrupt

Niels Kristian Nielsen – 23 other companies, of which 3 bankrupt

Address history (4 moves)

Nibevej 122, 9640 Farsø
Nibevej 122, 9640 Farsø
Søndergården 28, 9640 Farsø
Skolelodden 24, 2680 Solrød Strand
Nykøbing Landevej 21, 4200 Slagelse

Former names

GLG Rental ApS – now
GLG Sales ApS –
HH-Intellitech ApS –

Employees per year

Number of employees at GLG Rental ApS per year122016: 220162017: 02017

Other companies at the same address

Similar companies in Vesthimmerlands

Questions and answers about GLG Rental ApS

Has GLG Rental ApS gone bankrupt?

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

What is the bankruptcy risk of GLG Rental ApS?

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 GLG Rental ApS?

Søren Nørregård Olesen is the CEO of GLG Rental ApS.

Who is the auditor of GLG Rental ApS?

GLG Rental ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was GLG Rental ApS founded?

GLG Rental ApS was founded on 1 March 2016.

What is the equity of GLG Rental ApS?

Equity was DKK 3.6m 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.