Northforge ApS

CVR 41024607 · Private limited company (ApS) · Active · Low risk

Northforge ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -71k and a net result of DKK -63k. CEO: Garland William Binns Iii.

Bankruptcy risk for Northforge ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% 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×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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×

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
41024607
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Vesterbrogade 26
1620 København V
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Auditor
Revision København, godkendtrevisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-1,289.2%
Current ratio7%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address137
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Net profitDKK -63k–
EquityDKK -71k–
Total assetsDKK 5,469–
CashDKK 2,022–
Short-term debtDKK 76k–
Tax owedDKK 0–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revision København, godkendtrevisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202573
1 Jan 2024 – 31 Dec 2024150
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022174
1 Jan 2021 – 31 Dec 2021181
15 Dec 2019 – 31 Dec 202034

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
CEOGarland William Binns IiiCurrent
Owner (100%)Garland William Binns IiiCurrent
FounderGarland William Binns IiiCurrent

Address history (0 moves)

Vesterbrogade 26, 1620 København V

Other companies at the same address

Similar companies in København

Questions and answers about Northforge ApS

Has Northforge ApS gone bankrupt?

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

What is the bankruptcy risk of Northforge ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Northforge ApS?

Garland William Binns Iii is the CEO of Northforge ApS.

Who is the auditor of Northforge ApS?

Northforge ApS most recently used Revision København, godkendtrevisionspartnerselskab.

When was Northforge ApS founded?

Northforge ApS was founded on 15 December 2019.

What is the equity of Northforge ApS?

Equity was DKK -71k 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.