Finsensvej 12 ApS

CVR 38119567 · Private limited company (ApS) · Active · Low risk

Finsensvej 12 ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -9.9m and a net result of DKK -1.8m. CEO: Robert Gade Madsen.

Bankruptcy risk for Finsensvej 12 ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
38119567
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Rømersvej 3
9000 Aalborg
Municipality
Aalborg
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 50k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-4.7%
Current ratio1,495%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address21
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -391kDKK -13kDKK -1.8m
Net profitDKK -1.8mDKK 1.0mDKK -2.3m
EquityDKK -9.9mDKK -8.1mDKK -9.1m
Total assetsDKK 211.5mDKK 198.5mDKK 176.4m
CashDKK 3.0mDKK 4,665–
Short-term debtDKK 14.1mDKK 206.6m–
Avg. employees0––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025152
1 Jan 2024 – 31 Dec 2024195 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022186 Late
1 Jan 2021 – 31 Dec 2021165
1 Jan 2020 – 31 Dec 2020131
1 Jan 2019 – 31 Dec 2019178
1 Jan 2018 – 31 Dec 2018164
18 Oct 2016 – 31 Dec 2017115

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
CEORobert Gade MadsenCurrent
CEOMartin Kvist-Madsen
Owner (33%)Kvist-Madsen Holding ApSCurrent
Owner (33%)RGM HOLDING ApSCurrent
Owner (33%)Mathiesen Familieholding ApSCurrent
Owner (33%)Kvist-Madsen Holding ApS
Owner (50%)KOM INVEST A/S SKIVE
Owner (67%)Kvist-Madsen Holding ApS
Owner (25%)KOM INVEST A/S SKIVE
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKvist-Madsen Holding ApSCurrent
FounderKOM INVEST A/S SKIVECurrent

The CEOs' other companies

Robert Gade Madsen – 23 other companies

Martin Kvist-Madsen – 22 other companies, of which 3 bankrupt

Address history (1 moves)

Rømersvej 3, 9000 Aalborg
A.P. Møllers Allé 43, 2791 Dragør

Former names

Finsensvej 12 ApS – now
MAV Invest ApS –

Other companies at the same address

Similar companies in Aalborg

Questions and answers about Finsensvej 12 ApS

Has Finsensvej 12 ApS gone bankrupt?

No, Finsensvej 12 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Finsensvej 12 ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Finsensvej 12 ApS?

Robert Gade Madsen is the CEO of Finsensvej 12 ApS.

Who is the auditor of Finsensvej 12 ApS?

Finsensvej 12 ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Finsensvej 12 ApS founded?

Finsensvej 12 ApS was founded on 18 October 2016.

What is the equity of Finsensvej 12 ApS?

Equity was DKK -9.9m 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.