Norcover ApS

CVR 44243881 · Private limited company (ApS) · Active · High risk

Norcover ApS is a Private limited company (ApS), founded on , based in Tjele. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 48k and a net result of DKK 1.1m. CEO: Elin Borngräber, Birger Borngräber.

Bankruptcy risk for Norcover ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Published annual reports2 · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · 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
44243881
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Niels Pedersens Alle 2
8830 Tjele
Municipality
Viborg
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 40k
Auditor
Ullits &amp; Winther, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio3.3%
Current ratio103%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address28
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.5mDKK -330k
Net profitDKK 1.1mDKK -1.1m
EquityDKK 48kDKK -1.1m
Total assetsDKK 1.5mDKK 104k
CashDKK 311DKK 12
Short-term debtDKK 1.4mDKK 1.2m
Avg. employees22

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Ullits &amp; Winther, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202542
17 Aug 2023 – 31 Dec 2024175

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
CEOElin BorngräberCurrent
CEOBirger BorngräberCurrent
Owner (10%)Elin BorngräberCurrent
Owner (90%)Borngräber Holding ApSCurrent
Owner (100%)Elin Borngräber
FounderElin BorngräberCurrent

The CEOs' other companies

Elin Borngräber – 2 other companies, of which 1 bankrupt

Birger Borngräber – 9 other companies, of which 7 bankrupt

Address history (1 moves)

Niels Pedersens Alle 2, 8830 Tjele
Engbakkevej 23, 8800 Viborg

Other companies at the same address

Similar companies in Viborg

Questions and answers about Norcover ApS

Has Norcover ApS gone bankrupt?

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

What is the bankruptcy risk of Norcover ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of Norcover ApS?

Elin Borngräber, Birger Borngräber are the CEOs of Norcover ApS.

Who is the auditor of Norcover ApS?

Norcover ApS most recently used Ullits &amp; Winther, Statsautoriseret Revisionspartnerselskab.

When was Norcover ApS founded?

Norcover ApS was founded on 17 August 2023.

What is the equity of Norcover ApS?

Equity was DKK 48k 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.