NGF21 Holding ApS

CVR 42818046 · Private limited company (ApS) · Active · Low risk

NGF21 Holding ApS is a Private limited company (ApS), founded on , based in Kolding. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 44k and a net result of DKK -233. CEO: Thorsten Andy Madsen.

Bankruptcy risk for NGF21 Holding ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%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 ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
CEO's other companies10–30 · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×

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
42818046
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
c/o Thorsten Madsen, Castenskjoldsvej 23
6000 Kolding
Municipality
Kolding
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio63.0%
Current ratio84%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 0DKK 0DKK -896
Net profitDKK -233DKK 325kDKK 556k
EquityDKK 44kDKK 374kDKK 549k
Total assetsDKK 70kDKK 400kDKK 675k
CashDKK 21kDKK 1,365–
Short-term debtDKK 26kDKK 26k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025100
1 Jan 2024 – 31 Dec 2024170
1 Jan 2023 – 31 Dec 202337
8 Nov 2021 – 31 Dec 202279

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
CEOThorsten Andy MadsenCurrent
Owner (67%)TST ApSCurrent
Owner (25%)MMM Invest Holding ApSCurrent
Owner (100%)TST ApS
AuditorPartner Revision statsautoriseret revisionsaktieselskab
FounderTST ApSCurrent

The CEOs' other companies

Thorsten Andy Madsen – 19 other companies, of which 1 bankrupt

Address history (0 moves)

c/o Thorsten Madsen, Castenskjoldsvej 23, 6000 Kolding

Other companies at the same address

Similar companies in Kolding

Questions and answers about NGF21 Holding ApS

Has NGF21 Holding ApS gone bankrupt?

No, NGF21 Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of NGF21 Holding ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of NGF21 Holding ApS?

Thorsten Andy Madsen is the CEO of NGF21 Holding ApS.

When was NGF21 Holding ApS founded?

NGF21 Holding ApS was founded on 8 November 2021.

What is the equity of NGF21 Holding ApS?

Equity was DKK 44k 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.