Prima Brandsikring A/S

CVR 38628003 · Public limited company (A/S) · Active · High risk

Prima Brandsikring A/S is a Public limited company (A/S), founded on , based in Middelfart. The company is registered in the industry installation af isolering. Our model estimates a bankruptcy risk of 5.9% over the next 12 months, which is 4.2 times the average for Danish companies. 9 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 62k and a net result of DKK -910k. CEO: Karl Aage Nielsen.

Bankruptcy risk for Prima Brandsikring A/S

5.9%
probability of bankruptcy within 12 months
High risk

4.2 × the average (1.41%) · higher risk than 93% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
38628003
Status
Active
Company type
Public limited company (A/S)
Founded
(9 years)
Address
Mandal Alle 18
5500 Middelfart
Municipality
Middelfart
Industry
Installation af isolering (432300)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 500k
Employees
6 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityNo
Equity ratio1.9%
Current ratio102%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 2.0mDKK 5.7mDKK 3.6m
Net profitDKK -910kDKK 455kDKK 181k
EquityDKK 62kDKK 2.8mDKK 2.3m
Total assetsDKK 3.3mDKK 7.0mDKK 5.3m
CashDKK 821kDKK 2.2m–
Short-term debtDKK 3.2mDKK 4.2m–
Avg. employees46–

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 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 2024140
1 Jan 2023 – 31 Dec 202395
1 Jan 2022 – 31 Dec 2022150
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020166
1 Jan 2019 – 31 Dec 2019195 Late
1 Jan 2018 – 31 Dec 2018168
4 May 2017 – 31 Dec 2017157

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
CEOKarl Aage NielsenCurrent
BoardKarl Aage NielsenCurrent
BoardMorten Bo Kure-NielsenCurrent
BoardLenna NielsenCurrent
Owner (50%)MORTEN BO HOLDING ApSCurrent
Owner (5%)Macasa Holding ApSCurrent
Owner (33%)LEKA Holding ApSCurrent
Owner (67%)LEKA HOLDING ApS
Owner (25%)MORTEN BO HOLDING ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorREVISIONSFIRMAET RATHMANN & MORTENSEN, GODKENDT REVISIONSANPARTSSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderLEKA HOLDING ApSCurrent
FounderMORTEN BO HOLDING ApSCurrent

The CEOs' other companies

Karl Aage Nielsen – 8 other companies

Address history (1 moves)

Mandal Alle 18, 5500 Middelfart
Mandal Alle 18, 5500 Middelfart

Former names

Prima Brandsikring A/S – now
City Group Brandsikring A/S –

Employees per year

Number of employees at Prima Brandsikring A/S per year482017: 820172018: 62018

Other companies at the same address

Similar companies in Middelfart

Questions and answers about Prima Brandsikring A/S

Has Prima Brandsikring A/S gone bankrupt?

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

What is the bankruptcy risk of Prima Brandsikring A/S?

Our model estimates a bankruptcy risk of 5.9% over the next 12 months (high risk), which is 4.2 times the average for Danish companies.

Who is the CEO of Prima Brandsikring A/S?

Karl Aage Nielsen is the CEO of Prima Brandsikring A/S.

Who is the auditor of Prima Brandsikring A/S?

Prima Brandsikring A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was Prima Brandsikring A/S founded?

Prima Brandsikring A/S was founded on 4 May 2017.

What is the equity of Prima Brandsikring A/S?

Equity was DKK 62k 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.