North Development Aps
CVR 40115072 · Private limited company (ApS) · Active · Low risk
North Development Aps is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry industrielt design og modedesign. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 7 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (28 Feb 2026) shows equity of DKK 160k and a net result of DKK -71k.
Bankruptcy risk for North Development Aps
0.4 × the average (1.41%) · higher risk than 59% of active Danish companies
Increases the risk
Reduces the risk
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
- 40115072
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (7 years)
- Address
- Nordvestvej 14
9000 Aalborg - Municipality
- Aalborg
- Industry
- Industrielt design og modedesign (741100)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n. - Share capital
- DKK 75k
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 2 of 7 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 100.0% |
| Current ratio | – |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 0 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2026 | 2025 |
|---|---|---|
| Gross profit | DKK -10k | – |
| Net profit | DKK -71k | DKK 14k |
| Equity | DKK 160k | DKK 231k |
| Total assets | DKK 160k | DKK 231k |
| Cash | DKK 2 | – |
Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Mar 2025 – 28 Feb 2026 | 90 | ||
| 1 Mar 2024 – 28 Feb 2025 | 132 | ||
| 1 Mar 2023 – 28 Feb 2024 | 19 | ||
| 1 Mar 2022 – 28 Feb 2023 | 75 | ||
| 1 Mar 2021 – 28 Feb 2022 | 333 | Late | |
| 1 Mar 2020 – 28 Feb 2021 | 174 | ||
| 31 Mar 2019 – 28 Feb 2020 | 255 | 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
| Role | Name | From | To |
|---|---|---|---|
| Board | Jens Suhr Bay | ||
| Owner (100%) | Jens Suhr Bay | Current | |
| Founder | Jens Suhr Bay | Current |
Address history (0 moves)
| Nordvestvej 14, 9000 Aalborg |
Former names
| North Development Aps | – now |
| North Development IVS | – |
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Questions and answers about North Development Aps
Has North Development Aps gone bankrupt?
No, North Development Aps is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of North Development 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.
When was North Development Aps founded?
North Development Aps was founded on 21 December 2018.
What is the equity of North Development Aps?
Equity was DKK 160k according to the annual report for the period ending 28 February 2026.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.