North Propulsion ApS

CVR 43802194 · Private limited company (ApS) · Active · Low risk

North Propulsion ApS is a Private limited company (ApS), founded on , based in Kongens Lyngby. The company is registered in the industry fremstilling af civile luft- og rumfartøjer o.lign.. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 24.7m and a net result of DKK 2.1m. CEO: Rasmus Arnt Pedersen.

Bankruptcy risk for North Propulsion ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
43802194
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Fysikvej 312, st.
2800 Kongens Lyngby
Municipality
Lyngby-Taarbæk
Industry
Fremstilling af civile luft- og rumfartøjer o.lign. (303100)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer
Share capital
DKK 55k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio95.5%
Current ratio6,607%
Moves (last 2 years)2
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 3.8mDKK 2.2m
Net profitDKK 2.1mDKK 862k
EquityDKK 24.7mDKK 1.1m
Total assetsDKK 25.9mDKK 2.4m
CashDKK 2.5m–
Short-term debtDKK 334k–
Tax owedDKK 9,240–
Avg. employees4–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025127
1 Jan 2024 – 31 Dec 2024100
24 Jan 2023 – 31 Dec 2023174

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
CEORasmus Arnt PedersenCurrent
BoardEric LagierCurrent
BoardOla Sten BaksaasCurrent
BoardNiels BuusCurrent
BoardRasmus Arnt PedersenCurrent
BoardRasmus Arnt Pedersen
Owner (25%)Pedersen Heavy Industries ApSCurrent
Owner (15%)byFounders VC Fund III K/SCurrent
Owner (5%)BKG Holding ApSCurrent
Owner (5%)Acien ApSCurrent
Owner (25%)BAX ASCurrent
Owner (100%)Pedersen Heavy Industries ApS
Owner (33%)Pedersen Heavy Industries ApS
Owner (33%)BAX AS
Owner (10%)Francisco Jesus Acien Perez
Owner (10%)Berk Kyané Gezer
Owner (10%)BKG Holding ApS
Owner (10%)Acien ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderPedersen Heavy Industries ApSCurrent

The CEOs' other companies

Rasmus Arnt Pedersen – 1 other companies

Address history (2 moves)

Fysikvej 312, st., 2800 Kongens Lyngby
Matematiktorvet 307, 1., 2800 Kongens Lyngby
Amagerbrogade 61, 2. th, 2300 København S

Former names

North Propulsion ApS – now
North European Space Company ApS –

Similar companies in Lyngby-Taarbæk

Questions and answers about North Propulsion ApS

Has North Propulsion ApS gone bankrupt?

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

What is the bankruptcy risk of North Propulsion ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of North Propulsion ApS?

Rasmus Arnt Pedersen is the CEO of North Propulsion ApS.

Who is the auditor of North Propulsion ApS?

North Propulsion ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was North Propulsion ApS founded?

North Propulsion ApS was founded on 24 January 2023.

What is the equity of North Propulsion ApS?

Equity was DKK 24.7m 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.