KandborgRacing ApS

CVR 39126826 · Private limited company (ApS) · Active · Low risk

KandborgRacing ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry sportsaktiviteter i.a.n.. Our model estimates a bankruptcy risk of 0.5% 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 (31 Dec 2025) shows equity of DKK 21k and a net result of DKK -3,846. CEO: Nicolaj Kandborg Madsen.

Bankruptcy risk for KandborgRacing ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%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×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
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×

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
39126826
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Nicolaj Kandborg, Helga Pedersens Gade 79, 11. 3
8000 Aarhus C
Municipality
Aarhus
Industry
Sportsaktiviteter i.a.n. (931900)
Bankruptcies in the industry: Fitnesscentre
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio84.0%
Current ratio624%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address67
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -3,880DKK -6,501DKK -26k
Net profitDKK -3,846DKK -7,343DKK -21k
EquityDKK 21kDKK 25kDKK 32k
Total assetsDKK 25kDKK 26kDKK 39k
CashDKK 101DKK 0–
Short-term debtDKK 4,003DKK 1,052–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025159
1 Jan 2024 – 31 Dec 2024147
1 Jan 2023 – 31 Dec 2023107
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021109
1 Jan 2020 – 31 Dec 2020164
1 Jan 2019 – 31 Dec 201977
29 Nov 2017 – 31 Dec 2018134

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
CEONicolaj Kandborg MadsenCurrent
Owner (100%)Nicolaj Kandborg MadsenCurrent
FounderNicolaj Kandborg MadsenCurrent

Address history (1 moves)

c/o Nicolaj Kandborg, Helga Pedersens Gade 79, 11. 3, 8000 Aarhus C
c/o Nicolaj Kandborg, Hørretløkken 124, 8320 Mårslet

Former names

KandborgRacing ApS – now
KandborgRacing IVS –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about KandborgRacing ApS

Has KandborgRacing ApS gone bankrupt?

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

What is the bankruptcy risk of KandborgRacing ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of KandborgRacing ApS?

Nicolaj Kandborg Madsen is the CEO of KandborgRacing ApS.

When was KandborgRacing ApS founded?

KandborgRacing ApS was founded on 29 November 2017.

What is the equity of KandborgRacing ApS?

Equity was DKK 21k 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.