DevelopNord A/S

CVR 40505784 · Public limited company (A/S) · Active · Low risk

DevelopNord A/S is a Public limited company (A/S), founded on , based in Aalborg. The company is registered in the industry gennemførelse af byggeprojekter. 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. The latest annual report (31 Dec 2025) shows equity of DKK 4.2m and a net result of DKK -858k. CEO: Lasse Fjord Riisgaard Nielsen.

Bankruptcy risk for DevelopNord A/S

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

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

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
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×

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
40505784
Status
Active
Company type
Public limited company (A/S)
Founded
(7 years)
Address
Gasværksvej 5
9000 Aalborg
Municipality
Aalborg
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 533k
Auditor
REDMARK, GODKENDT REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio22.6%
Current ratio129%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address31
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -1.1mDKK -212kDKK 29.9m
Net profitDKK -858kDKK -211kDKK 29.1m
EquityDKK 4.2mDKK 5.0mDKK 5.2m
Total assetsDKK 18.4mDKK 5.1mDKK 5.3m
CashDKK 345kDKK 4.2m–
Short-term debtDKK 14.3mDKK 76k–
Tax owed–DKK 0–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Redmark, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202568
1 Jan 2024 – 31 Dec 202455
1 Jan 2023 – 31 Dec 202350
1 Jan 2022 – 31 Dec 202266
1 Jan 2021 – 31 Dec 202177
1 Jan 2020 – 31 Dec 2020181
8 May 2019 – 31 Dec 201978

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
CEOLasse Fjord Riisgaard NielsenCurrent
BoardFrede ClausenCurrent
BoardLasse Fjord Riisgaard NielsenCurrent
BoardSøren KristiansenCurrent
BoardErik Godtfredsen
Owner (33%)FAM. KRISTIANSEN HOLDING ApSCurrent
Owner (33%)LRI Holding ApSCurrent
Owner (33%)Clausen Holding Aalborg ApSCurrent
Owner (25%)FREDE CLAUSEN HOLDING ApS
Owner (25%)LRI Holding ApS
Owner (25%)Erik Godtfredsen Holding ApS
Owner (25%)S. KRISTIANSEN HOLDING ApS
Owner (25%)FAM. KRISTIANSEN HOLDING ApS
Owner (25%)Clausen Holding Aalborg ApS
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKABCurrent
FounderFREDE CLAUSEN HOLDING ApSCurrent
FounderLRI Holding ApSCurrent
FounderErik Godtfredsen Holding ApSCurrent

The CEOs' other companies

Lasse Fjord Riisgaard Nielsen – 12 other companies

Address history (2 moves)

Gasværksvej 5, 9000 Aalborg
Gasværksvej 5, 9000 Aalborg
Granbakken 7, 9210 Aalborg SØ

Other companies at the same address

Similar companies in Aalborg

Questions and answers about DevelopNord A/S

Has DevelopNord A/S gone bankrupt?

No, DevelopNord A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of DevelopNord A/S?

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 DevelopNord A/S?

Lasse Fjord Riisgaard Nielsen is the CEO of DevelopNord A/S.

Who is the auditor of DevelopNord A/S?

DevelopNord A/S most recently used REDMARK, GODKENDT REVISIONSPARTNERSELSKAB.

When was DevelopNord A/S founded?

DevelopNord A/S was founded on 8 May 2019.

What is the equity of DevelopNord A/S?

Equity was DKK 4.2m 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.