TrueNorth Packaging Solutions ApS

CVR 44342030 · Private limited company (ApS) · Active · Very high risk

TrueNorth Packaging Solutions ApS is a Private limited company (ApS), founded on , based in Ballerup. The company is registered in the industry engroshandel med andre råvarer og halvfabrikata. Our model estimates a bankruptcy risk of 34.3% over the next 12 months, which is 24.3 times the average for Danish companies. 2 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 22k and a net result of DKK 5,056. CEO: Henning Friis Mathiasen.

Bankruptcy risk for TrueNorth Packaging Solutions ApS

34.3%
probability of bankruptcy within 12 months
Very high risk

24.3 × the average (1.41%) · higher risk than 100% 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×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×

Reduces the risk

Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
CEO's other companies1 · bankruptcy rate 7.3%0.83×

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
44342030
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Lautruphøj 5
2750 Ballerup
Municipality
Ballerup
Industry
Engroshandel med andre råvarer og halvfabrikata (468600)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio9.6%
Current ratio167%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address132
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 8,498DKK -51k
Net profitDKK 5,056DKK -55k
EquityDKK 22kDKK -20k
Total assetsDKK 231kDKK 36k
CashDKK 183kDKK 29k
Short-term debtDKK 132kDKK 56k

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 2025186 Late
29 Sep 2023 – 31 Dec 2024182

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
CEOHenning Friis MathiasenCurrent
Owner (100%)Henning Friis MathiasenCurrent
FounderHenning Friis MathiasenCurrent

The CEOs' other companies

Henning Friis Mathiasen – 1 other companies, of which 1 bankrupt

Address history (1 moves)

Lautruphøj 5, 2750 Ballerup
Lucernevænget 7, 4690 Haslev

Former names

TrueNorth Packaging Solutions ApS – now
Hens Import Aps –

Other companies at the same address

Similar companies in Ballerup

Questions and answers about TrueNorth Packaging Solutions ApS

Has TrueNorth Packaging Solutions ApS gone bankrupt?

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

What is the bankruptcy risk of TrueNorth Packaging Solutions ApS?

Our model estimates a bankruptcy risk of 34.3% over the next 12 months (very high risk), which is 24.3 times the average for Danish companies.

Who is the CEO of TrueNorth Packaging Solutions ApS?

Henning Friis Mathiasen is the CEO of TrueNorth Packaging Solutions ApS.

When was TrueNorth Packaging Solutions ApS founded?

TrueNorth Packaging Solutions ApS was founded on 29 September 2023.

What is the equity of TrueNorth Packaging Solutions ApS?

Equity was DKK 22k 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.