Nordic Ethanol ApS

CVR 39641828 · Private limited company (ApS) · Active · Low risk

Nordic Ethanol ApS is a Private limited company (ApS), founded on , based in Kastrup. The company is registered in the industry destillation, rektifikation og blanding af alkohol. 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, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2026) shows equity of DKK 344k and a net result of DKK 349k. CEO: Nicolai Sivgaard Simonsen.

Bankruptcy risk for Nordic Ethanol 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

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
39641828
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Amager Landevej 233
2770 Kastrup
Municipality
Tårnby
Industry
Destillation, rektifikation og blanding af alkohol (110100)
Bankruptcies in the industry: Fremstilling af øl
Share capital
DKK 40k
Employees
0 (2018)
Auditor
KPMG
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityNo
Equity ratio13.6%
Current ratio94%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address16
Going-concern uncertaintyYes

Financials and key figures

Financial year202620252024
Gross profitDKK 950kDKK 1.1mDKK 276k
Net profitDKK 349kDKK 154kDKK -169k
EquityDKK 344kDKK -4,200DKK -158k
Total assetsDKK 2.5mDKK 2.4mDKK 1.6m
CashDKK 0DKK 5,500–
Short-term debtDKK 2.2mDKK 2.4m–
Tax owedDKK 109kDKK 21k–
Avg. employees12–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2025 – 30 Jun 202699
1 Jul 2024 – 30 Jun 2025175
1 Jul 2023 – 30 Jun 2024159
1 Jul 2022 – 30 Jun 2023165
1 Jul 2021 – 30 Jun 2022132
1 Jul 2020 – 30 Jun 2021105
1 Jul 2019 – 30 Jun 2020295 Late
14 Jun 2018 – 30 Jun 2019173

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
CEONicolai Sivgaard SimonsenCurrent
BoardJonas Wulff ØstergaardCurrent
BoardNicolai Sivgaard SimonsenCurrent
BoardEmil Alexander Vang ZiirsenCurrent
BoardThorbjørn Braad
Owner (100%)NEJ Invest ApSCurrent
Owner (20%)Scale ApS
Owner (33%)Nicolai Sivgaard Simonsen
Owner (33%)Jonas Wulff Østergaard
Owner (25%)Scale ApS
Owner (25%)EVZ Holding ApS
Owner (33%)NSS Invest ApS
Owner (33%)JWØ Holding ApS
FounderScale ApSCurrent
FounderNicolai Sivgaard SimonsenCurrent
FounderJonas Wulff ØstergaardCurrent

The CEOs' other companies

Nicolai Sivgaard Simonsen – 5 other companies

Address history (2 moves)

Amager Landevej 233, 2770 Kastrup
Bjørnbaksvej 25, 2770 Kastrup
Finlandsgade 31, 3. th, 2300 København S

Former names

Nordic Ethanol ApS – now
SiWu Distillery IVS –

Employees per year

Number of employees at Nordic Ethanol ApS per year112018: 02018

Other companies at the same address

Questions and answers about Nordic Ethanol ApS

Has Nordic Ethanol ApS gone bankrupt?

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

What is the bankruptcy risk of Nordic Ethanol 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 Nordic Ethanol ApS?

Nicolai Sivgaard Simonsen is the CEO of Nordic Ethanol ApS.

Who is the auditor of Nordic Ethanol ApS?

Nordic Ethanol ApS most recently used KPMG.

When was Nordic Ethanol ApS founded?

Nordic Ethanol ApS was founded on 14 June 2018.

What is the equity of Nordic Ethanol ApS?

Equity was DKK 344k according to the annual report for the period ending 30 June 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.