SET Pipes A/S

CVR 41465166 · Public limited company (A/S) · Active · Low risk

SET Pipes A/S is a Public limited company (A/S), founded on , based in Frederikshavn. The company is registered in the industry engroshandel med isenkram, varmeanlæg og tilbehør. 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, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -5.0m and a net result of DKK -4.1m. CEO: Kim Stubbergaard Reese.

Bankruptcy risk for SET Pipes A/S

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
41465166
Status
Active
Company type
Public limited company (A/S)
Founded
(6 years)
Address
Ellehammervej 1
9900 Frederikshavn
Municipality
Frederikshavn
Industry
Engroshandel med isenkram, varmeanlæg og tilbehør (468400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 400k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-42.0%
Current ratio69%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -1.2mDKK -417k
Net profitDKK -4.1mDKK -1.9m
EquityDKK -5.0mDKK -905k
Total assetsDKK 11.9mDKK 14.9m
CashDKK 265k–
Short-term debtDKK 16.9m–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025105
1 Jan 2024 – 31 Dec 2024188 Late
1 Jan 2023 – 31 Dec 2023109
1 Jan 2022 – 31 Dec 2022192 Late
1 Jan 2021 – 31 Dec 2021189 Late
22 Jun 2020 – 31 Dec 2020132

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
CEOKim Stubbergaard ReeseCurrent
CEOBergsteinn Einarsson
CEOÖrn Einarsson
BoardMatthías StephensenCurrent
BoardSara Valný SigurjónsdóttirCurrent
BoardOrri HaukssonCurrent
BoardErik Schou Lund
BoardValdimar Hjaltason
BoardBrynjar Bergsteinsson
BoardValdimar Hjaltason
BoardGuðbjörg Sæunn Friðriksdóttir
Owner (100%)SET ehfCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderSET ehfCurrent

The CEOs' other companies

Kim Stubbergaard Reese – 4 other companies

Address history (2 moves)

Ellehammervej 1, 9900 Frederikshavn
Saltebakken 29, 9900 Frederikshavn
Silovej 8, 1., 9900 Frederikshavn

Other companies at the same address

Similar companies in Frederikshavn

Questions and answers about SET Pipes A/S

Has SET Pipes A/S gone bankrupt?

No, SET Pipes A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of SET Pipes A/S?

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 SET Pipes A/S?

Kim Stubbergaard Reese is the CEO of SET Pipes A/S.

Who is the auditor of SET Pipes A/S?

SET Pipes A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was SET Pipes A/S founded?

SET Pipes A/S was founded on 22 June 2020.

What is the equity of SET Pipes A/S?

Equity was DKK -5.0m 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.