Musikbutikken Hjørring ApS

CVR 43812645 · Private limited company (ApS) · Active · High risk

Musikbutikken Hjørring ApS is a Private limited company (ApS), founded on , based in Hjørring. The company is registered in the industry detailhandel med musikinstrumenter. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Mar 2026) shows equity of DKK 74k and a net result of DKK -8,971. CEO: Norman Olesen Horne.

Bankruptcy risk for Musikbutikken Hjørring ApS

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%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

Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · 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×

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
43812645
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Danmarksgade 5
9800 Hjørring
Municipality
Hjørring
Industry
Detailhandel med musikinstrumenter (476910)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 75k
Auditor
PJ Revision
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio16.5%
Current ratio120%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20262025
Gross profitDKK 105kDKK 55k
Net profitDKK -8,971DKK -14k
EquityDKK 74kDKK 83k
Total assetsDKK 450kDKK 375k
CashDKK 57k–
Short-term debtDKK 376k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · PJ Revision.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026147
1 Apr 2024 – 31 Mar 2025142
30 Jan 2023 – 31 Mar 2024157

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
CEONorman Olesen HorneCurrent
CEOKim Karmark Pedersen
Owner (33%)Norman Olesen HorneCurrent
Owner (50%)Per GreenCurrent
Owner (67%)Kim Karmark Pedersen
FounderNorman Olesen HorneCurrent
FounderKim Karmark PedersenCurrent

The CEOs' other companies

Norman Olesen Horne – 3 other companies

Address history (1 moves)

Danmarksgade 5, 9800 Hjørring
Nørregade 21A, 9800 Hjørring

Other companies at the same address

Questions and answers about Musikbutikken Hjørring ApS

Has Musikbutikken Hjørring ApS gone bankrupt?

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

What is the bankruptcy risk of Musikbutikken Hjørring ApS?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Musikbutikken Hjørring ApS?

Norman Olesen Horne is the CEO of Musikbutikken Hjørring ApS.

Who is the auditor of Musikbutikken Hjørring ApS?

Musikbutikken Hjørring ApS most recently used PJ Revision.

When was Musikbutikken Hjørring ApS founded?

Musikbutikken Hjørring ApS was founded on 30 January 2023.

What is the equity of Musikbutikken Hjørring ApS?

Equity was DKK 74k according to the annual report for the period ending 31 March 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.