Innovation Up North ApS

CVR 39740885 · Private limited company (ApS) · Active · Low risk

Innovation Up North ApS is a Private limited company (ApS), founded on , based in Hals. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 7 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 1.9m and a net result of DKK 499k.

Bankruptcy risk for Innovation Up North ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
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×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
39740885
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Lindevej 53
9370 Hals
Municipality
Aalborg
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Employees
0 (2018)
Auditor
RevisorHuset HalsRegistreret revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio82.3%
Current ratio566%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.6mDKK 1.6m
Net profitDKK 499kDKK 576k
EquityDKK 1.9mDKK 1.5m
Total assetsDKK 2.3mDKK 1.8m
CashDKK 1.7m–
Short-term debtDKK 405k–
Tax owedDKK 95k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025133
1 Jan 2024 – 31 Dec 2024129
1 Jan 2023 – 31 Dec 202399
1 Jan 2022 – 31 Dec 202280
1 Jan 2021 – 31 Dec 202134
1 Jan 2020 – 31 Dec 2020159
1 Sep 2018 – 31 Dec 2019246 Late

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
Owner (100%)Michael Smed KorsgaardCurrent
FounderMichael Smed KorsgaardCurrent

Address history (1 moves)

Lindevej 53, 9370 Hals
Ane Vifferts Vej 2E, 9370 Hals

Former names

Innovation Up North ApS – now
Innovation Up North IVS –

Employees per year

Number of employees at Innovation Up North ApS per year112018: 02018

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Questions and answers about Innovation Up North ApS

Has Innovation Up North ApS gone bankrupt?

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

What is the bankruptcy risk of Innovation Up North 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 auditor of Innovation Up North ApS?

Innovation Up North ApS most recently used RevisorHuset HalsRegistreret revisionsanpartsselskab.

When was Innovation Up North ApS founded?

Innovation Up North ApS was founded on 23 July 2018.

What is the equity of Innovation Up North ApS?

Equity was DKK 1.9m 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.