MEM`s Progolf ApS

CVR 42400734 · Private limited company (ApS) · Active · Low risk

MEM`s Progolf ApS is a Private limited company (ApS), founded on , based in Esbjerg V. The company is registered in the industry detailhandel med sports- og fritidsudstyr. 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 227k and a net result of DKK 127k. CEO: Morten Eltved Mortensen.

Bankruptcy risk for MEM`s Progolf 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

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×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×

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
42400734
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Myrtueparken 4
6710 Esbjerg V
Municipality
Esbjerg
Industry
Detailhandel med sports- og fritidsudstyr (476310)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 5
Missing annual reportNo
Negative equityNo
Equity ratio45.3%
Current ratio183%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 179kDKK 20k
Net profitDKK 127kDKK 7,202
EquityDKK 227kDKK 140k
Total assetsDKK 501kDKK 420k
Short-term debtDKK 274k–
Tax owedDKK 32k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202577
1 Jan 2024 – 31 Dec 2024177
1 Jan 2023 – 31 Dec 202394
1 Jan 2022 – 31 Dec 2022146
1 Jan 2021 – 31 Dec 2021187 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
CEOMorten Eltved MortensenCurrent
Owner (100%)Morten Eltved MortensenCurrent
FounderMorten Eltved MortensenCurrent

Address history (1 moves)

Myrtueparken 4, 6710 Esbjerg V
Stejlgårdsparken 124, 6740 Bramming

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about MEM`s Progolf ApS

Has MEM`s Progolf ApS gone bankrupt?

No, MEM`s Progolf ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MEM`s Progolf 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 MEM`s Progolf ApS?

Morten Eltved Mortensen is the CEO of MEM`s Progolf ApS.

Who is the auditor of MEM`s Progolf ApS?

MEM`s Progolf ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was MEM`s Progolf ApS founded?

MEM`s Progolf ApS was founded on 19 May 2021.

What is the equity of MEM`s Progolf ApS?

Equity was DKK 227k 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.