Terra Danmark ApS

CVR 40984305 · Private limited company (ApS) · Active · Medium risk

Terra Danmark ApS is a Private limited company (ApS), founded on , based in Køge. The company is registered in the industry engroshandel med maskiner til minedrift og bygge- og anlægsaktiviteter. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -639k and a net result of DKK -738k. CEO: Morten Nøhr Cardel.

Bankruptcy risk for Terra Danmark ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
40984305
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Snebærvej 4
4600 Køge
Municipality
Køge
Industry
Engroshandel med maskiner til minedrift og bygge- og anlægsaktiviteter (466300)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-227.1%
Current ratio31%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -720kDKK -15k
Net profitDKK -738kDKK -25k
EquityDKK -639kDKK 99k
Total assetsDKK 282kDKK 541k
CashDKK 0–
Short-term debtDKK 921k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023152
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021182
4 Dec 2019 – 31 Dec 2020181

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
CEOMorten Nøhr CardelCurrent
Owner (100%)Gomulgo ApSCurrent
FounderGomulgo ApSCurrent

The CEOs' other companies

Morten Nøhr Cardel – 1 other companies

Address history (0 moves)

Snebærvej 4, 4600 Køge

Other companies at the same address

Similar companies in Køge

Questions and answers about Terra Danmark ApS

Has Terra Danmark ApS gone bankrupt?

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

What is the bankruptcy risk of Terra Danmark ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Terra Danmark ApS?

Morten Nøhr Cardel is the CEO of Terra Danmark ApS.

When was Terra Danmark ApS founded?

Terra Danmark ApS was founded on 4 December 2019.

What is the equity of Terra Danmark ApS?

Equity was DKK -639k 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.