Nordic Way ApS

CVR 40933417 · Private limited company (ApS) · Active · Low risk

Nordic Way ApS is a Private limited company (ApS), founded on , based in Havndal. The company is registered in the industry køb og salg af egen fast ejendom. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 6 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 25k and a net result of DKK -12k. CEO: Karin Flood.

Bankruptcy risk for Nordic Way 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

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
40933417
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Norupvej 80
8970 Havndal
Municipality
Mariagerfjord
Industry
Køb og salg af egen fast ejendom (681100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 350k
Auditor
2+ RevisionStatsautoriseret Revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityNo
Equity ratio3.0%
Current ratio18%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -15kDKK -69k
Net profitDKK -12kDKK -54k
EquityDKK 25kDKK 37k
Total assetsDKK 833kDKK 829k
CashDKK 653–
Short-term debtDKK 808k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · 2+ RevisionStatsautoriseret Revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021325 Late
5 Nov 2019 – 31 Dec 2020211 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
CEOKarin FloodCurrent
Owner (100%)Karin FloodCurrent
FounderKarin FloodCurrent

Address history (1 moves)

Norupvej 80, 8970 Havndal
c/o c/o Advokatfirmaet Kühnel, Skibsgade 56A, 9500 Hobro

Other companies at the same address

Similar companies in Mariagerfjord

Questions and answers about Nordic Way ApS

Has Nordic Way ApS gone bankrupt?

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

What is the bankruptcy risk of Nordic Way 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 Way ApS?

Karin Flood is the CEO of Nordic Way ApS.

Who is the auditor of Nordic Way ApS?

Nordic Way ApS most recently used 2+ RevisionStatsautoriseret Revisionsanpartsselskab.

When was Nordic Way ApS founded?

Nordic Way ApS was founded on 5 November 2019.

What is the equity of Nordic Way ApS?

Equity was DKK 25k 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.