By Cortsen Aps

CVR 41173939 · Private limited company (ApS) · Active · Very high risk

By Cortsen Aps is a Private limited company (ApS), founded on , based in Hvidovre. The company is registered in the industry event catering. Our model estimates a bankruptcy risk of 8.1% over the next 12 months, which is 5.8 times the average for Danish companies. 6 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 233k and a net result of DKK -3.3m. CEO: Mads Krejberg Cortsen.

Bankruptcy risk for By Cortsen Aps

8.1%
probability of bankruptcy within 12 months
Very high risk

5.8 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Capital changes2 · 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
41173939
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Jernholmen 45M
2650 Hvidovre
Municipality
Hvidovre
Industry
Event catering (562100)
Bankruptcies in the industry: Restauranter
Share capital
DKK 67k
Auditor
AIDER Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 6
Missing annual reportNo
Negative equityNo
Equity ratio1.7%
Current ratio256%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 4.5mDKK 3.3m
Net profitDKK -3.3mDKK -2.4m
EquityDKK 233kDKK 57k
Total assetsDKK 13.8mDKK 11.0m
CashDKK 1.9m–
Short-term debtDKK 1.9m–
Avg. employees14–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Baker Tilly Denmark.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025190 Late
1 Jan 2024 – 31 Dec 2024195 Late
1 Jan 2023 – 31 Dec 2023198 Late
1 Jan 2022 – 31 Dec 2022213 Late
1 Jan 2021 – 31 Dec 2021182
17 Feb 2020 – 31 Dec 2020172

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
CEOMads Krejberg CortsenCurrent
Owner (67%)M. Cortsen Holding ApSCurrent
Owner (10%)SEBC II ApSCurrent
Owner (10%)Mads Bach
Owner (5%)Jeppe From Christensen
Owner (67%)M. Cortsen Holding ApS
Owner (5%)Jeppe From Christensen
AuditorAIDER Godkendt RevisionsaktieselskabCurrent
FounderMads BachCurrent
FounderJeppe From ChristensenCurrent
FounderAnders Oddershede MikkelsenCurrent
FounderM. Cortsen Holding ApSCurrent

The CEOs' other companies

Mads Krejberg Cortsen – 2 other companies

Address history (2 moves)

Jernholmen 45M, 2650 Hvidovre
Jernholmen 41D, 2650 Hvidovre
Jernholmen 39, 2650 Hvidovre

Former names

By Cortsen Aps – now
Cortsen Dining ApS –

Other companies at the same address

Similar companies in Hvidovre

Questions and answers about By Cortsen Aps

Has By Cortsen Aps gone bankrupt?

No, By Cortsen Aps is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of By Cortsen Aps?

Our model estimates a bankruptcy risk of 8.1% over the next 12 months (very high risk), which is 5.8 times the average for Danish companies.

Who is the CEO of By Cortsen Aps?

Mads Krejberg Cortsen is the CEO of By Cortsen Aps.

Who is the auditor of By Cortsen Aps?

By Cortsen Aps most recently used AIDER Godkendt Revisionsaktieselskab.

When was By Cortsen Aps founded?

By Cortsen Aps was founded on 17 February 2020.

What is the equity of By Cortsen Aps?

Equity was DKK 233k 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.