Northern Decoration ApS

CVR 41391103 · Private limited company (ApS) · Active · Medium risk

Northern Decoration ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry billedkunstnerisk skaben. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 6 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 26k and a net result of DKK -38k. CEO: Julie Broberg Dahl Høegh, Heidi Zilmer.

Bankruptcy risk for Northern Decoration ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
41391103
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Bakkevænget 46B
8700 Horsens
Municipality
Horsens
Industry
Billedkunstnerisk skaben (901200)
Bankruptcies in the industry: Kunstnerisk skaben
Share capital
DKK 40k
Auditor
Revisionsfirmaet Bendt Stendahl
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 6
Missing annual reportNo
Negative equityNo
Equity ratio52.8%
Current ratio212%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -28kDKK -79kDKK 0
Net profitDKK -38kDKK -79kDKK 0
EquityDKK 26kDKK 44kDKK 92k
Total assetsDKK 49kDKK 70kDKK 119k
CashDKK 792DKK 9,935–
Short-term debtDKK 23kDKK 26k–
Avg. employees2––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisionsfirmaet Bendt Stendahl.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025197 Late
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023197 Late
1 Jan 2022 – 31 Dec 2022190 Late
1 Jan 2021 – 31 Dec 2021189 Late
27 May 2020 – 31 Dec 2020190 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
CEOJulie Broberg Dahl HøeghCurrent
CEOHeidi ZilmerCurrent
Owner (50%)Julie Broberg Dahl HøeghCurrent
Owner (50%)Heidi ZilmerCurrent
FounderJulie Broberg Dahl HøeghCurrent
FounderHeidi ZilmerCurrent

The CEOs' other companies

Julie Broberg Dahl Høegh – 3 other companies

Heidi Zilmer – 3 other companies

Address history (2 moves)

Bakkevænget 46B, 8700 Horsens
c/o Heidi Zilmer Blom, Smedegade 49B, 8700 Horsens
c/o Heidi Zilmer Blom, Toldvejen 3, 8300 Odder

Other companies at the same address

Similar companies in Horsens

Questions and answers about Northern Decoration ApS

Has Northern Decoration ApS gone bankrupt?

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

What is the bankruptcy risk of Northern Decoration ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of Northern Decoration ApS?

Julie Broberg Dahl Høegh, Heidi Zilmer are the CEOs of Northern Decoration ApS.

Who is the auditor of Northern Decoration ApS?

Northern Decoration ApS most recently used Revisionsfirmaet Bendt Stendahl.

When was Northern Decoration ApS founded?

Northern Decoration ApS was founded on 27 May 2020.

What is the equity of Northern Decoration ApS?

Equity was DKK 26k 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.