Norager ApS

CVR 38416529 · Private limited company (ApS) · Active · Low risk

Norager ApS is a Private limited company (ApS), founded on , based in Odense M. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK -391k and a net result of DKK -26k. CEO: Ib Nørager Rasmussen.

Bankruptcy risk for Norager ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · 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×
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
38416529
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Chr. Richardts Vej 24
5230 Odense M
Municipality
Odense
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 50k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-1,241.9%
Current ratio8%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -22kDKK -40k
Net profitDKK -26kDKK -41k
EquityDKK -391kDKK -365k
Total assetsDKK 31kDKK 37k
CashDKK 94–
Short-term debtDKK 423k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025183
1 Jul 2023 – 30 Jun 2024125
1 Jul 2022 – 30 Jun 2023170
1 Jul 2021 – 30 Jun 2022152
1 Jul 2020 – 30 Jun 2021145
1 Jul 2019 – 30 Jun 2020112
1 Jul 2018 – 30 Jun 2019131
12 Feb 2017 – 30 Jun 2018132

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
CEOIb Nørager RasmussenCurrent
Owner (25%)Mathias Bæk Nørager RasmussenCurrent
Owner (67%)INR HOLDING ApSCurrent
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderINR HOLDING ApSCurrent

The CEOs' other companies

Ib Nørager Rasmussen – 5 other companies, of which 1 bankrupt

Address history (1 moves)

Chr. Richardts Vej 24, 5230 Odense M
Chr. Richardts Vej 24, 5230 Odense M

Other companies at the same address

Similar companies in Odense

Questions and answers about Norager ApS

Has Norager ApS gone bankrupt?

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

What is the bankruptcy risk of Norager ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Norager ApS?

Ib Nørager Rasmussen is the CEO of Norager ApS.

Who is the auditor of Norager ApS?

Norager ApS most recently used Cedra Godkendt Revisionsaktieselskab.

When was Norager ApS founded?

Norager ApS was founded on 12 February 2017.

What is the equity of Norager ApS?

Equity was DKK -391k according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.