QN Development ApS

CVR 42893595 · Private limited company (ApS) · Active · Low risk

QN Development ApS is a Private limited company (ApS), founded on , based in Nørresundby. The company is registered in the industry fremstilling af elektriske fordelings- og kontrolapparater. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 4 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -7,191 and a net result of DKK -11k. CEO: Thomas Kidde Nørgaard, Karl Anker Jensen.

Bankruptcy risk for QN Development ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Number of CEOs2 · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
Moves in the last 2 years0 · bankruptcy rate 7.4%0.84×
Marketing-protectedNo · bankruptcy rate 7.5%0.85×

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
42893595
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Kummerowsvej 3A
9400 Nørresundby
Municipality
Aalborg
Industry
Fremstilling af elektriske fordelings- og kontrolapparater (271200)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-3.9%
Current ratio8%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -14kDKK -15kDKK -13k
Net profitDKK -11kDKK -18kDKK -13k
EquityDKK -7,191DKK 3,320DKK 22k
Total assetsDKK 184kDKK 177kDKK 216k
CashDKK 1,888DKK 2,604–
Short-term debtDKK 191kDKK 174k–
Avg. employees–1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025176
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023200 Late
9 Dec 2021 – 31 Dec 2022194 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
CEOThomas Kidde NørgaardCurrent
CEOKarl Anker JensenCurrent
Owner (50%)Q-NOR Engineering ApSCurrent
Owner (50%)Nordland Automatic Holding ApSCurrent
FounderQ-NOR Engineering ApSCurrent
FounderNordland Automatic Holding ApSCurrent

The CEOs' other companies

Thomas Kidde Nørgaard – 3 other companies

Karl Anker Jensen – 9 other companies

Address history (1 moves)

Kummerowsvej 3A, 9400 Nørresundby
Kummerowsvej 3A, 9400 Nørresundby

Other companies at the same address

Similar companies in Aalborg

Questions and answers about QN Development ApS

Has QN Development ApS gone bankrupt?

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

What is the bankruptcy risk of QN Development ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of QN Development ApS?

Thomas Kidde Nørgaard, Karl Anker Jensen are the CEOs of QN Development ApS.

When was QN Development ApS founded?

QN Development ApS was founded on 9 December 2021.

What is the equity of QN Development ApS?

Equity was DKK -7,191 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.