BORNCUT A/S

CVR 37585971 · Public limited company (A/S) · Active · Low risk

BORNCUT A/S is a Public limited company (A/S), founded on , based in Rønne. The company is registered in the industry fremstilling af maskiner til føde-, drikke- og tobaksvareindustrien. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 10 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 21.7m and a net result of DKK 29.6m. CEO: Ingomar Pieter René Joannes Baars.

Bankruptcy risk for BORNCUT A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
37585971
Status
Active
Company type
Public limited company (A/S)
Founded
(10 years)
Address
Lillevangsvej 6D
3700 Rønne
Municipality
Bornholms Regionskommune
Industry
Fremstilling af maskiner til føde-, drikke- og tobaksvareindustrien (289300)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 2.4m
Employees
5 (2018)
Auditor
Dan Linddal Bechmann Andersen
Audit opted out
No

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityNo
Equity ratio48.8%
Current ratio192%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address8
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 55.1mDKK 27.5mDKK 22.7m
Net profitDKK 29.6mDKK 13.4mDKK 10.9m
EquityDKK 21.7mDKK 10.1mDKK 18.4m
Total assetsDKK 44.5mDKK 21.0mDKK 23.9m
CashDKK 4.3mDKK 5.8m–
Short-term debtDKK 22.8mDKK 10.8m–
Tax owedDKK 7.4mDKK 300k–
Avg. employees179–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Rønne Revision I/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025184 Late
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 202330
1 Jan 2022 – 31 Dec 2022101
1 Jan 2021 – 31 Dec 202194
1 Jan 2020 – 31 Dec 2020105
1 Jan 2019 – 31 Dec 201991
1 Jan 2018 – 31 Dec 2018100
1 Jan 2017 – 31 Dec 2017103
24 Mar 2016 – 31 Dec 2016130

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
CEOIngomar Pieter René Joannes BaarsCurrent
CEOGorm Holger Sørensen
BoardRobert DubravacCurrent
BoardSven Bekhøj JensenCurrent
BoardIngomar Pieter René Joannes BaarsCurrent
BoardTheodoor Gerardus Maria HoenCurrent
BoardIngólfur Örn GudmundssonCurrent
BoardGorm Holger Sørensen
BoardOle Schou Mortensen
BoardPeter Mikkelsen
BoardCasper Vestskov Poulsen
BoardIngólfur Örn Gudmundsson
Owner (67%)IB-Denmark BVCurrent
Owner (10%)Ingolfur ehf.Current
Owner (15%)BORNTEK INDUSTRI A/S
Owner (15%)Schwencke & Schou ApS
Owner (33%)Aaker-Rock Holding ApS
Owner (33%)Peter1905 ApS
Owner (25%)BORNTEK INDUSTRI A/S
Owner (10%)Schwencke & Schou ApS
Owner (25%)Aaker-Rock Holding ApS
Owner (25%)Peter1905 ApS
Owner (10%)ANTE Holding ApS
Owner (10%)Schwencke & Schou Holding ApS
Owner (20%)BORNTEK INDUSTRI A/S
Owner (20%)Aaker-Rock Holding ApS
Owner (20%)Peter1905 ApS
Owner (10%)SBJ Holding, Egå ApS
Owner (67%)IB-Denmark BV
AuditorDan Linddal Bechmann AndersenCurrent
AuditorRønne Revision I/S
AuditorTonny Kofoed
AuditorRønne Revision I/S
FounderGorm Holger SørensenCurrent
FounderPeter MikkelsenCurrent

The CEOs' other companies

Gorm Holger Sørensen – 1 other companies

Address history (2 moves)

Lillevangsvej 6D, 3700 Rønne
Almindingsvej 15, 3700 Rønne
Gl Rønnevej 17A, 3730 Nexø

Employees per year

Number of employees at BORNCUT A/S per year352016: 120162017: 520172018: 52018

Other companies at the same address

Questions and answers about BORNCUT A/S

Has BORNCUT A/S gone bankrupt?

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

What is the bankruptcy risk of BORNCUT A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of BORNCUT A/S?

Ingomar Pieter René Joannes Baars is the CEO of BORNCUT A/S.

Who is the auditor of BORNCUT A/S?

BORNCUT A/S most recently used Dan Linddal Bechmann Andersen.

When was BORNCUT A/S founded?

BORNCUT A/S was founded on 24 March 2016.

What is the equity of BORNCUT A/S?

Equity was DKK 21.7m 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.