Vestergade 17 Frederikshavn ApS

CVR 42110957 · Private limited company (ApS) · Active · Low risk

Vestergade 17 Frederikshavn ApS is a Private limited company (ApS), founded on , based in Hjørring. The company is registered in the industry anden udlejning af boliger. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 5 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 40k and a net result of DKK -44k. CEO: Mads Schultz Madsen.

Bankruptcy risk for Vestergade 17 Frederikshavn ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
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

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×

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
42110957
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
c/o Mads Schultz Madsen, Ugiltvej 705
9800 Hjørring
Municipality
Hjørring
Industry
Anden udlejning af boliger (682030)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 5
Missing annual reportNo
Negative equityNo
Equity ratio7.4%
Current ratio–
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue––DKK 0
Gross profit––DKK 0
Net profitDKK -44kDKK -45kDKK -46k
EquityDKK 40kDKK 40kDKK 40k
Total assetsDKK 539kDKK 539kDKK 536k
CashDKK 0DKK 0–
Avg. employees0––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022151
1 Feb 2021 – 31 Dec 2021191 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
CEOMads Schultz MadsenCurrent
Owner (100%)Mads Schultz MadsenCurrent
FounderMads Schultz MadsenCurrent

Address history (1 moves)

c/o Mads Schultz Madsen, Ugiltvej 705, 9800 Hjørring
c/o Mads Schultz Madsen, Ugiltvej 705, 9800 Hjørring

Other companies at the same address

Similar companies in Hjørring

Questions and answers about Vestergade 17 Frederikshavn ApS

Has Vestergade 17 Frederikshavn ApS gone bankrupt?

No, Vestergade 17 Frederikshavn ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Vestergade 17 Frederikshavn ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of Vestergade 17 Frederikshavn ApS?

Mads Schultz Madsen is the CEO of Vestergade 17 Frederikshavn ApS.

When was Vestergade 17 Frederikshavn ApS founded?

Vestergade 17 Frederikshavn ApS was founded on 1 February 2021.

What is the equity of Vestergade 17 Frederikshavn ApS?

Equity was DKK 40k 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.