Brink & Madsen ApS
CVR 40776192 · Private limited company (ApS) · Active · Medium risk
Brink & Madsen ApS is a Private limited company (ApS), founded on , based in Ulfborg. The company is registered in the industry el-installation. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 409k and a net result of DKK -489k. CEO: Karsten Thesbjerg Madsen.
Bankruptcy risk for Brink & Madsen ApS
1.1 × the average (1.41%) · higher risk than 79% 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
- 40776192
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (7 years)
- Address
- Industriarealet 38
6990 Ulfborg - Municipality
- Holstebro
- Industry
- El-installation (432100)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed - Share capital
- DKK 200k
- Auditor
- Krøyer Pedersen Statsautoriserede Revisorer P/S
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 6 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 15.4% |
| Current ratio | 105% |
| 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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 4.1m | DKK 4.9m | DKK 4.5m |
| Net profit | DKK -489k | DKK 543k | DKK 355k |
| Equity | DKK 409k | DKK 1.4m | DKK 1.2m |
| Total assets | DKK 2.7m | DKK 3.4m | DKK 2.9m |
| Cash | DKK 741 | DKK 220k | – |
| Short-term debt | DKK 2.2m | DKK 1.8m | – |
| Tax owed | DKK 0 | DKK 144k | – |
| Avg. employees | 9 | 8 | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · KRØYER PEDERSEN, Statsautoriserede Revisorer P/S.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 138 | ||
| 1 Jan 2024 – 31 Dec 2024 | 174 | ||
| 1 Jan 2023 – 31 Dec 2023 | 163 | ||
| 1 Jan 2022 – 31 Dec 2022 | 170 | ||
| 1 Jan 2021 – 31 Dec 2021 | 139 | ||
| 10 Sep 2019 – 31 Dec 2020 | 145 |
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 |
|---|---|---|---|
| CEO | Karsten Thesbjerg Madsen | Current | |
| Owner (100%) | K.S.M HOLDING ApS | Current | |
| Owner (50%) | Jørn Brink | ||
| Owner (50%) | Karsten Thesbjerg Madsen | ||
| Owner (50%) | K.S.M HOLDING ApS | ||
| Owner (50%) | SIJØ HOLDING ApS | ||
| Auditor | Krøyer Pedersen Statsautoriserede Revisorer P/S | Current | |
| Auditor | KPSR I/S | ||
| Founder | Jørn Brink | Current | |
| Founder | Karsten Thesbjerg Madsen | Current |
The CEOs' other companies
Karsten Thesbjerg Madsen – 3 other companies
- K.S.M HOLDING ApS Active
- KSM EJENDOMME ApS Active
- VEDERSØ EL ApS Opløst
Address history (1 moves)
| Industriarealet 38, 6990 Ulfborg | |
| Harbogade 5, 6990 Ulfborg |
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Questions and answers about Brink & Madsen ApS
Has Brink & Madsen ApS gone bankrupt?
No, Brink & Madsen ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Brink & Madsen ApS?
Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.
Who is the CEO of Brink & Madsen ApS?
Karsten Thesbjerg Madsen is the CEO of Brink & Madsen ApS.
Who is the auditor of Brink & Madsen ApS?
Brink & Madsen ApS most recently used Krøyer Pedersen Statsautoriserede Revisorer P/S.
When was Brink & Madsen ApS founded?
Brink & Madsen ApS was founded on 10 September 2019.
What is the equity of Brink & Madsen ApS?
Equity was DKK 409k 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.