Nordstern Projekt ApS

CVR 39173204 · Private limited company (ApS) · Active · Low risk

Nordstern Projekt ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 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 (31 Dec 2025) shows equity of DKK 404.3m and a net result of DKK 25.1m. CEO: Jan Aarestrup, Michael Storgaard.

Bankruptcy risk for Nordstern Projekt ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
CEO's other companies30+ · bankruptcy rate 4.3%0.48×
Restated annual reports2+ · bankruptcy rate 4.4%0.49×
Number of auditors (historical)2 · 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
39173204
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Havnen 5
8700 Horsens
Municipality
Horsens
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 501k
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 8
Missing annual reportNo
Negative equityNo
Equity ratio60.6%
Current ratio127%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address44
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -5.1mDKK -5.8mDKK -15.4m
Net profitDKK 25.1mDKK 25.1mDKK 5.5m
EquityDKK 404.3mDKK 379.2mDKK 354.1m
Total assetsDKK 667.1mDKK 826.8mDKK 1.0bn
CashDKK 854kDKK 66.7m–
Short-term debtDKK 230.3mDKK 415.7m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025184 Late
1 Jan 2024 – 31 Dec 2024198 Late
1 Jan 2023 – 31 Dec 2023186 Late
1 Jan 2022 – 31 Dec 2022102 Restated
1 Jan 2021 – 31 Dec 202182
1 Jan 2020 – 31 Dec 2020139
1 Jan 2019 – 31 Dec 201994
14 Dec 2017 – 31 Dec 201836

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
CEOJan AarestrupCurrent
CEOMichael StorgaardCurrent
CEOMichael Antitsch Mortensen
CEOTorben Modvig
BoardMichael Antitsch Mortensen
BoardMichael Storgaard
BoardKim Balle
BoardPeter Kjelgaard Rosengreen
BoardTorben Modvig
BoardJan Aarestrup
Owner (100%)Nordstern ApSCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorKPMG P/S
FounderNordstern ApSCurrent

The CEOs' other companies

Jan Aarestrup – 56 other companies

Michael Storgaard – 53 other companies

Michael Antitsch Mortensen – 53 other companies, of which 3 bankrupt

Torben Modvig – 56 other companies

Address history (1 moves)

Havnen 5, 8700 Horsens
Havnen 5, 8700 Horsens

Former names

Nordstern Projekt ApS – now
CASA Projekt ApS –
CASA Projekt A/S –

Other companies at the same address

Similar companies in Horsens

Questions and answers about Nordstern Projekt ApS

Has Nordstern Projekt ApS gone bankrupt?

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

What is the bankruptcy risk of Nordstern Projekt ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Nordstern Projekt ApS?

Jan Aarestrup, Michael Storgaard are the CEOs of Nordstern Projekt ApS.

Who is the auditor of Nordstern Projekt ApS?

Nordstern Projekt ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Nordstern Projekt ApS founded?

Nordstern Projekt ApS was founded on 14 December 2017.

What is the equity of Nordstern Projekt ApS?

Equity was DKK 404.3m 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.