Board:Up North ApS

CVR 41881755 · Private limited company (ApS) · Active · Medium risk

Board:Up North ApS is a Private limited company (ApS), founded on , based in Thisted. The company is registered in the industry organisering af kongresser, messer og udstillinger. Our model estimates a bankruptcy risk of 1.9% over the next 12 months, which is 1.3 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -4,774 and a net result of DKK -37k. CEO: Martin Sigsgaard Jørgensen, Anders Elbeck Christensen.

Bankruptcy risk for Board:Up North ApS

1.9%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Registered owners3 · bankruptcy rate 6.2%0.71×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
RegionNordjylland · bankruptcy rate 6.5%0.74×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×

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
41881755
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Peder Hausgaards Vej 34
7700 Thisted
Municipality
Thisted
Industry
Organisering af kongresser, messer og udstillinger (823000)
Bankruptcies in the industry: Kombinerede administrationsserviceydelser
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-4.0%
Current ratio85%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 20kDKK 172kDKK 91k
Net profitDKK -37kDKK 47kDKK 19k
EquityDKK -4,774DKK 39kDKK 67k
Total assetsDKK 119kDKK 178kDKK 161k
CashDKK 49kDKK 93k–
Short-term debtDKK 124kDKK 139k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025103
1 Jan 2024 – 31 Dec 2024179
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022106
25 Nov 2020 – 31 Dec 2021181

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
CEOMartin Sigsgaard JørgensenCurrent
CEOAnders Elbeck ChristensenCurrent
Owner (33%)Anders HammerCurrent
Owner (33%)Martin Sigsgaard JørgensenCurrent
Owner (33%)Elbeck holding ApSCurrent
Owner (33%)Anders Elbeck Christensen
FounderAnders HammerCurrent
FounderMartin Sigsgaard JørgensenCurrent
FounderAnders Elbeck ChristensenCurrent

The CEOs' other companies

Martin Sigsgaard Jørgensen – 1 other companies, of which 1 bankrupt

Anders Elbeck Christensen – 2 other companies

Address history (1 moves)

Peder Hausgaards Vej 34, 7700 Thisted
Gartnergade 17, 1. th, 2200 København N

Other companies at the same address

Similar companies in Thisted

Questions and answers about Board:Up North ApS

Has Board:Up North ApS gone bankrupt?

No, Board:Up North ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Board:Up North ApS?

Our model estimates a bankruptcy risk of 1.9% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Board:Up North ApS?

Martin Sigsgaard Jørgensen, Anders Elbeck Christensen are the CEOs of Board:Up North ApS.

When was Board:Up North ApS founded?

Board:Up North ApS was founded on 25 November 2020.

What is the equity of Board:Up North ApS?

Equity was DKK -4,774 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.