NORSE Denmark ApS
CVR 42304131 · Private limited company (ApS) · Active · High risk
NORSE Denmark ApS is a Private limited company (ApS), founded on , based in Ikast. The company is registered in the industry detailhandel med byggematerialer og værktøj. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 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 1.5m and a net result of DKK 721k. CEO: Steffan Haugaard Madsen, Michael Rafaelsen Pedersen.
Bankruptcy risk for NORSE Denmark ApS
2.4 × the average (1.41%) · higher risk than 88% 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
- 42304131
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (5 years)
- Address
- Smedevej 16C
7430 Ikast - Municipality
- Ikast-Brande
- Industry
- Detailhandel med byggematerialer og værktøj (475220)
Bankruptcies in the industry: Tøjforretninger - Share capital
- DKK 40k
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 3 of 5 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 27.5% |
| Current ratio | 135% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 1 |
| Other companies at the address | 6 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 2.5m | DKK 2.7m | DKK 1.7m |
| Net profit | DKK 721k | DKK 1.2m | DKK 62k |
| Equity | DKK 1.5m | DKK 1.4m | DKK 165k |
| Total assets | DKK 5.4m | DKK 5.0m | DKK 3.1m |
| Cash | DKK 580k | DKK 232k | – |
| Short-term debt | DKK 3.9m | DKK 3.6m | – |
| Tax owed | DKK 163k | DKK 258k | – |
| Avg. employees | 1 | 1 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 212 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 195 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 181 | ||
| 1 Jan 2022 – 31 Dec 2022 | 187 | Late | |
| 8 Apr 2021 – 31 Dec 2021 | 150 |
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 | Steffan Haugaard Madsen | Current | |
| CEO | Michael Rafaelsen Pedersen | Current | |
| Owner (100%) | Steffan Madsen Holding ApS | Current | |
| Owner (50%) | Steffan Madsen Holding ApS | ||
| Owner (50%) | MIPE Holding ApS | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | Steffan Madsen Holding ApS | Current | |
| Founder | MIPE Holding ApS | Current |
The CEOs' other companies
Steffan Haugaard Madsen – 7 other companies, of which 1 bankrupt
- RC Cars IVS Bankrupt 21 Feb 2020
- Kirbek Holding ApS Active
- Kni-Pen ApS Active
- M.S. Invest ApS Active
- SM VÆRKTØJ ApS Active
- Steffan Madsen Holding ApS Active
- T.M. Ejendomme ApS Active
Michael Rafaelsen Pedersen – 4 other companies
- Kirbek Holding ApS Active
- Kni-Pen ApS Active
- M.S. Invest ApS Active
- MIPE Holding ApS Active
Address history (1 moves)
| Smedevej 16C, 7430 Ikast | |
| Akacieparken 18, 7430 Ikast |
Former names
| NORSE Denmark ApS | – now |
| NORSE Safety ApS | – |
Other companies at the same address
- BELODAN LIMTRÆ ApS Bankrupt
- Engsig Transport ApS Active
- Kni-Pen ApS Active
- M.S. Invest ApS Active
- SM VÆRKTØJ ApS Active
- T.M. Ejendomme ApS Active
Similar companies in Ikast-Brande
- Dansk Group A/S Ikast
- StampWorld ApS Ikast
- NH Bioservice ApS Nørre Snede
- Ruwex ApS Brande
- Handelsfirmaet JS ApS Brande
- INVITA KØKKENER A/S Bording
- EleqTrade ApS Brande
- AT Handel ApS Brande
- AC Company ApS Ikast
- Key2Shop ApS Ejstrupholm
- Selskabet af 17. december 2018, Ejstrupholm ApS Ejstrupholm
- Svanemiljø.dk ApS Engesvang
Questions and answers about NORSE Denmark ApS
Has NORSE Denmark ApS gone bankrupt?
No, NORSE Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of NORSE Denmark ApS?
Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.
Who is the CEO of NORSE Denmark ApS?
Steffan Haugaard Madsen, Michael Rafaelsen Pedersen are the CEOs of NORSE Denmark ApS.
Who is the auditor of NORSE Denmark ApS?
NORSE Denmark ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was NORSE Denmark ApS founded?
NORSE Denmark ApS was founded on 8 April 2021.
What is the equity of NORSE Denmark ApS?
Equity was DKK 1.5m 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.