Nordics ApS

CVR 42990760 · Private limited company (ApS) · Active · Medium risk

Nordics ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 54k and a net result of DKK 47k. CEO: Mike Hornshøj Vestergaard.

Bankruptcy risk for Nordics ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% 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×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · 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 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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
42990760
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Nålemagervej 1
9000 Aalborg
Municipality
Aalborg
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio42.2%
Current ratio173%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address34
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 290kDKK -2,478DKK -40k
Net profitDKK 47kDKK -1,915DKK -31k
EquityDKK 54kDKK 6,668DKK 8,583
Total assetsDKK 128kDKK 9,872DKK 8,861
CashDKK 60kDKK 479–
Short-term debtDKK 74kDKK 3,204–
Tax owedDKK 13k––
Avg. employees10–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025160
1 Jan 2024 – 31 Dec 2024134
1 Jan 2023 – 31 Dec 2023160
17 Jan 2022 – 31 Dec 2022146

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
CEOMike Hornshøj VestergaardCurrent
CEOMads Klokkerholm Nielsen
CEOSøren Kjærulff Gaun
Owner (100%)Scale Incubator ApSCurrent
Owner (100%)Scale Incubator ApS
Owner (33%)GAUN HOLDING ApS
Owner (33%)M.H. Vester Holding ApS
Owner (33%)Mads Klokkerholm Holding ApS
FounderScale Incubator ApSCurrent

The CEOs' other companies

Mike Hornshøj Vestergaard – 8 other companies

Mads Klokkerholm Nielsen – 6 other companies

Søren Kjærulff Gaun – 19 other companies, of which 1 bankrupt

Address history (1 moves)

Nålemagervej 1, 9000 Aalborg
Tankedraget 7, 4., 9000 Aalborg

Former names

Nordics ApS – now
MSM Assets Holding ApS –
Fryed ApS –

Other companies at the same address

Similar companies in Aalborg

Questions and answers about Nordics ApS

Has Nordics ApS gone bankrupt?

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

What is the bankruptcy risk of Nordics ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of Nordics ApS?

Mike Hornshøj Vestergaard is the CEO of Nordics ApS.

When was Nordics ApS founded?

Nordics ApS was founded on 17 January 2022.

What is the equity of Nordics ApS?

Equity was DKK 54k 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.