Kjelgaard Tolstrup Holding ApS
CVR 38618024 · Private limited company (ApS) · Active · Very high risk
Kjelgaard Tolstrup Holding ApS is a Private limited company (ApS), founded on , based in Vestbjerg. The company is registered in the industry udlejning og leasing af andet materiel, udstyr og andre materielle aktiver til events. Our model estimates a bankruptcy risk of 12.6% over the next 12 months, which is 9.0 times the average for Danish companies. 9 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -46.7m and a net result of DKK -33.1m. CEO: Mads Walter Kloster.
Bankruptcy risk for Kjelgaard Tolstrup Holding ApS
9.0 × the average (1.41%) · higher risk than 98% of active Danish companies
Increases the risk
Reduces the risk
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
- 38618024
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (9 years)
- Address
- Vang Mark 60
9380 Vestbjerg - Municipality
- Aalborg
- Industry
- Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver til events (773910)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n. - Share capital
- DKK 2.3m
- Auditor
- Cedra Godkendt Revisionsaktieselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 5 of 9 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -283.8% |
| Current ratio | 0% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 3 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 0 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -147k | DKK -123k | DKK 1.8m |
| Net profit | DKK -33.1m | DKK -762k | DKK -4.5m |
| Equity | DKK -46.7m | DKK -13.5m | DKK -13.0m |
| Total assets | DKK 16.4m | DKK 20.9m | DKK 20.2m |
| Cash | DKK 0 | DKK 1,000 | – |
| Short-term debt | DKK 18.6m | DKK 19.9m | – |
| Tax owed | – | DKK 0 | – |
| Avg. employees | 0 | 0 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Roesgaard.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 188 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 191 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 182 | ||
| 1 Jan 2022 – 31 Dec 2022 | 191 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 188 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 103 | ||
| 1 Jan 2019 – 31 Dec 2019 | 223 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 147 | ||
| 4 May 2017 – 31 Dec 2017 | 150 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Mads Walter Kloster | Current | |
| CEO | Jan Kjelgaard | ||
| CEO | Henrik Ruberg Kjelgaard | ||
| Owner (100%) | MADS KLOSTER HOLDING ApS | Current | |
| Owner (67%) | Jan Kjelgaard | ||
| Owner (25%) | Henrik Ruberg Kjelgaard | ||
| Owner (90%) | Jan Kjelgaard | ||
| Owner (5%) | Henrik Ruberg Kjelgaard | ||
| Auditor | Cedra Godkendt Revisionsaktieselskab | Current | |
| Auditor | Dansk Revision Brønderslev, Godkendt Revisionsanpartsselskab | ||
| Founder | Jan Kjelgaard | Current | |
| Founder | Henrik Ruberg Kjelgaard | Current |
The CEOs' other companies
Mads Walter Kloster – 22 other companies
- AALBORG VOGNMANDSFORRETNING A/S Active
- Danmarksvej - Herfølge ApS Active
- EJENDOMSSELSKABET JT-JUELSMINDE ApS Fusioneret
- Ejendomsselskabet af 15. november 2024 A/S Active
- Entreprenørfirmaet Eigil Fynbo A/S Opløst
- HM ENTREPRENØR A/S Active
- J.E. CLAUSENS TRÆLAST A/S Fusioneret
- KLOSTER A/S Active
- KLOSTER A/S Fusioneret
- KLOSTER EJENDOMME ApS Active
- KTH Leasing ApS Active
- Kjelgaard Tolstrup Ejendomme ApS Active
- MADS KLOSTER HOLDING ApS Active
- MM Engros ApS Fusioneret
- Materiel - K ApS Active
- SI af 30. december 2024 ApS Opløst
- SJAKK A/S Opløst
- SJAKK Holding ApS Opløst
- SKAK E A/S Active
- SKAKS A/S Active
- SOLUTION ApS Active
- Vejmateriale Aarhus ApS Active
Jan Kjelgaard – 12 other companies
- AALBORG VOGNMANDSFORRETNING A/S Active
- Ejendomsselskabet af 15. november 2024 A/S Active
- I. K. RASK LUND A/S Fusioneret
- JOHN BERNTH & CO. A/S Opløst
- KTH Leasing ApS Active
- Kjelgaard Tolstrup Ejendomme ApS Active
- Kystvejens Erhvervspark A/S Active
- Materiel - K ApS Active
- NK GRUS ApS Fusioneret
- Ruberg-Kjelgaard Ejendomme ApS Active
- Ruberg-Kjelgaard Holding ApS Active
- Ruberg-Kjelgaard Invest ApS Active
Henrik Ruberg Kjelgaard – 3 other companies
- AALBORG VOGNMANDSFORRETNING A/S Active
- Ejendomsselskabet af 15. november 2024 A/S Active
- I. K. RASK LUND A/S Fusioneret
Address history (1 moves)
| Vang Mark 60, 9380 Vestbjerg | |
| Børglumvej 9, 9700 Brønderslev |
Other companies at the same address
- KTH Leasing ApS Active
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Questions and answers about Kjelgaard Tolstrup Holding ApS
Has Kjelgaard Tolstrup Holding ApS gone bankrupt?
No, Kjelgaard Tolstrup Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Kjelgaard Tolstrup Holding ApS?
Our model estimates a bankruptcy risk of 12.6% over the next 12 months (very high risk), which is 9.0 times the average for Danish companies.
Who is the CEO of Kjelgaard Tolstrup Holding ApS?
Mads Walter Kloster is the CEO of Kjelgaard Tolstrup Holding ApS.
Who is the auditor of Kjelgaard Tolstrup Holding ApS?
Kjelgaard Tolstrup Holding ApS most recently used Cedra Godkendt Revisionsaktieselskab.
When was Kjelgaard Tolstrup Holding ApS founded?
Kjelgaard Tolstrup Holding ApS was founded on 4 May 2017.
What is the equity of Kjelgaard Tolstrup Holding ApS?
Equity was DKK -46.7m 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.