System 3 ApS
CVR 41704152 · Private limited company (ApS) · Active · Very high risk
System 3 ApS is a Private limited company (ApS), founded on , based in Bording. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 12.6% over the next 12 months, which is 9.0 times the average for Danish companies. 4 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -5.9m and a net result of DKK -2.1m. CEO: Mike Fabricius Smedegaard.
Bankruptcy risk for System 3 ApS
9.0 × the average (1.41%) · higher risk than 98% of active Danish companies
Increases the risk
Reduces the risk
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
- 41704152
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (6 years)
- Address
- Fabriksvej 15
7441 Bording - Municipality
- Ikast-Brande
- Industry
- Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler - Share capital
- DKK 200k
- Auditor
- REDMARK, GODKENDT REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 2 of 4 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -305.5% |
| Current ratio | 73% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 1 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 4 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 1.2m | DKK 1.5m | DKK 1.1m |
| Net profit | DKK -2.1m | DKK -1.3m | DKK -2.4m |
| Equity | DKK -5.9m | DKK -3.8m | DKK -2.5m |
| Total assets | DKK 1.9m | DKK 2.3m | DKK 2.1m |
| Short-term debt | DKK 2.4m | DKK 2.8m | – |
| Avg. employees | 6 | 5 | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Redmark, Godkendt Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jul 2024 – 30 Jun 2025 | 212 | Late | |
| 1 Jul 2023 – 30 Jun 2024 | 172 | ||
| 1 Jan 2022 – 30 Jun 2023 | 213 | Late | |
| 24 Sep 2020 – 31 Dec 2021 | 167 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Mike Fabricius Smedegaard | Current | |
| CEO | Bjarne Stensig Andersen | ||
| Owner (67%) | MF HOLDING RØNDE ApS | Current | |
| Owner (20%) | Lundgaard24 Holding ApS | Current | |
| Owner (50%) | MF HOLDING RØNDE ApS | ||
| Owner (50%) | B. Stensig Holding ApS | ||
| Owner (20%) | B. Stensig Holding ApS | ||
| Auditor | REDMARK, GODKENDT REVISIONSPARTNERSELSKAB | Current | |
| Founder | MF HOLDING RØNDE ApS | Current | |
| Founder | B. Stensig Holding ApS | Current |
The CEOs' other companies
Mike Fabricius Smedegaard – 6 other companies
- CLIC A/S Active
- MF HOLDING RØNDE ApS Active
- MIOL HOLDING ApS Opløst
- SCALA HIFI CONCEPT ApS Opløst
- Scala Hifi ApS Active
- Scala Hifi Holding ApS Active
Bjarne Stensig Andersen – 3 other companies, of which 1 bankrupt
- HORNSLET MØBELFABRIK A/S Bankrupt 12 Dec 2013
- B. STENSIG HOLDING ApS Opløst
- B. Stensig Holding ApS Opløst
Address history (0 moves)
| Fabriksvej 15, 7441 Bording |
Other companies at the same address
- FURNCOM ApS Bankrupt
- Nygaard Køkken Design ApS Bankrupt
- LIMU HOLDING A/S Compulsorily dissolved
- Solito Gruppen ApS Active
Similar companies in Ikast-Brande
- DANISH DESIGN GROUPS ApS Bording
- DANISH DESIGN GROUP A/S Bording
- ENGEDAL MØBLER A/S Bording
Questions and answers about System 3 ApS
Has System 3 ApS gone bankrupt?
No, System 3 ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of System 3 ApS?
Our model estimates a bankruptcy risk of 12.6% over the next 12 months (very high risk), which is 9.0 times the average for Danish companies.
Who is the CEO of System 3 ApS?
Mike Fabricius Smedegaard is the CEO of System 3 ApS.
Who is the auditor of System 3 ApS?
System 3 ApS most recently used REDMARK, GODKENDT REVISIONSPARTNERSELSKAB.
When was System 3 ApS founded?
System 3 ApS was founded on 24 September 2020.
What is the equity of System 3 ApS?
Equity was DKK -5.9m according to the annual report for the period ending 30 June 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.