Nordic Flame ApS

CVR 41695277 · Private limited company (ApS) · Active · Low risk

Nordic Flame ApS is a Private limited company (ApS), founded on , based in Holstebro. The company is registered in the industry detailhandel med andre nye varer. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 5 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 -362k and a net result of DKK -16k. CEO: Lars Toft.

Bankruptcy risk for Nordic Flame ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
41695277
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Niels P Thomsens Vej 3
7500 Holstebro
Municipality
Holstebro
Industry
Detailhandel med andre nye varer (477800)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
KRØYER PEDERSEN, Statsautoriserede Revisorer P/S
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-96.0%
Current ratio51%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -16kDKK -14kDKK -19k
Net profitDKK -16kDKK -11kDKK -18k
EquityDKK -362kDKK -346kDKK -335k
Total assetsDKK 377kDKK 387kDKK 331k
CashDKK 21kDKK 2,295–
Short-term debtDKK 739kDKK 733k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · KRØYER PEDERSEN, Statsautoriserede Revisorer P/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022188 Late
21 Sep 2020 – 31 Dec 2021188 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
CEOLars ToftCurrent
Owner (50%)Odendo ApSCurrent
Owner (33%)DeKe 24 Holding ApSCurrent
Owner (100%)Odendo ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorKPSR I/S
AuditorKrøyer Pedersen Statsautoriserede Revisorer P/S
FounderOdendo ApSCurrent

The CEOs' other companies

Lars Toft – 3 other companies

Address history (1 moves)

Niels P Thomsens Vej 3, 7500 Holstebro
Nybovej 34, 7500 Holstebro

Former names

Nordic Flame ApS – now
Tjarry ApS –

Other companies at the same address

Similar companies in Holstebro

Questions and answers about Nordic Flame ApS

Has Nordic Flame ApS gone bankrupt?

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

What is the bankruptcy risk of Nordic Flame ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Nordic Flame ApS?

Lars Toft is the CEO of Nordic Flame ApS.

Who is the auditor of Nordic Flame ApS?

Nordic Flame ApS most recently used KRØYER PEDERSEN, Statsautoriserede Revisorer P/S.

When was Nordic Flame ApS founded?

Nordic Flame ApS was founded on 21 September 2020.

What is the equity of Nordic Flame ApS?

Equity was DKK -362k 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.