PSAL GEAR ApS

CVR 38421670 · Private limited company (ApS) · Active · Low risk

PSAL GEAR ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry udlejning og leasing af andet materiel, udstyr og andre materielle aktiver, bortset fra til events. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 8 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 800k and a net result of DKK -219k. CEO: Tom Lundorff.

Bankruptcy risk for PSAL GEAR 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

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
38421670
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Industriparken 11
7400 Herning
Municipality
Herning
Industry
Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver, bortset fra til events (773990)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n.
Share capital
DKK 50k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 8
Missing annual reportNo
Negative equityNo
Equity ratio6.8%
Current ratio22%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 205kDKK -28kDKK 1.4m
Net profitDKK -219kDKK -286kDKK 202k
EquityDKK 800kDKK 637kDKK 923k
Total assetsDKK 11.8mDKK 1.3mDKK 1.5m
CashDKK 4,856DKK 0–
Short-term debtDKK 11.0mDKK 618k–
Tax owedDKK 0DKK 133k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025198 Late
1 Jul 2023 – 30 Jun 2024199 Late
1 Jan 2022 – 30 Jun 2023223 Late
1 Jan 2021 – 31 Dec 2021137
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019168
1 Jan 2018 – 31 Dec 2018151
16 Feb 2017 – 31 Dec 2017137

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
CEOTom LundorffCurrent
CEOAllan Strand
CEOBrian Madsen
Owner (50%)LUNDORFF HOLDING ApSCurrent
Owner (50%)Lundorff Invest ApSCurrent
Owner (90%)Strand ApS
Owner (10%)Steffen van Norde Clemmensen
FounderStrand ApSCurrent

The CEOs' other companies

Tom Lundorff – 7 other companies

Allan Strand – 8 other companies

Brian Madsen – 10 other companies, of which 2 bankrupt

Address history (1 moves)

Industriparken 11, 7400 Herning
Nordvangsvej 12B, 8250 Egå

Former names

PSAL GEAR ApS – now
Strandlyd ApS –

Other companies at the same address

Similar companies in Herning

Questions and answers about PSAL GEAR ApS

Has PSAL GEAR ApS gone bankrupt?

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

What is the bankruptcy risk of PSAL GEAR 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 PSAL GEAR ApS?

Tom Lundorff is the CEO of PSAL GEAR ApS.

Who is the auditor of PSAL GEAR ApS?

PSAL GEAR ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was PSAL GEAR ApS founded?

PSAL GEAR ApS was founded on 16 February 2017.

What is the equity of PSAL GEAR ApS?

Equity was DKK 800k 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.