K.B. MADSEN ODENSE ApS

CVR 57191414 · Private limited company (ApS) · Active · Medium risk

K.B. MADSEN ODENSE ApS is a Private limited company (ApS), founded on , based in Odense SV. The company is registered in the industry detailhandel med tøj. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -2.4m and a net result of DKK -924k. CEO: Kurt Biermann Madsen.

Bankruptcy risk for K.B. MADSEN ODENSE ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
57191414
Status
Active
Company type
Private limited company (ApS)
Founded
(50 years)
Address
Kodrivervænget 4
5250 Odense SV
Municipality
Odense
Industry
Detailhandel med tøj (477110)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 200k
Employees
3 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 31
Missing annual reportNo
Negative equityYes
Equity ratio-93,918.3%
Current ratio1%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -14kDKK -12kDKK -10k
Net profitDKK -924kDKK -542kDKK -101k
EquityDKK -2.4mDKK -1.5mDKK -952k
Total assetsDKK 2,575DKK 2,662DKK 237
Short-term debtDKK 489kDKK 503k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025212 Late
1 Oct 2023 – 30 Sep 2024183
1 Oct 2022 – 30 Sep 2023177
1 Oct 2021 – 30 Sep 2022151
1 Oct 2020 – 30 Sep 2021151
1 Oct 2019 – 30 Sep 2020156
1 Oct 2018 – 30 Sep 2019151
1 Oct 2017 – 30 Sep 2018150
1 Oct 2016 – 30 Sep 2017150
1 Oct 2015 – 30 Sep 2016147
1 Oct 2014 – 30 Sep 2015138
1 Oct 2013 – 30 Sep 2014146
1 Oct 2012 – 30 Sep 2013149
1 Oct 2011 – 30 Sep 2012163
1 Oct 2010 – 30 Sep 2011139
1 Oct 2009 – 30 Sep 2010143
1 Oct 2008 – 30 Sep 2009148
1 Oct 2007 – 30 Sep 2008139
1 Oct 2006 – 30 Sep 2007150
1 Oct 2005 – 30 Sep 2006141

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
CEOKurt Biermann MadsenCurrent
CEOTorkild Christian Laustsen
Owner (100%)Kurt Biermann MadsenCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDe Forenede Revisionsfirmaer

The CEOs' other companies

Kurt Biermann Madsen – 4 other companies, of which 1 bankrupt

Torkild Christian Laustsen – 4 other companies

Address history (0 moves)

Kodrivervænget 4, 5250 Odense SV

Former names

K.B. MADSEN ODENSE ApS – now
MR. KOLDING ApS –

Employees per year

Number of employees at K.B. MADSEN ODENSE ApS per year232011: 320112012: 320122013: 320132014: 320142015: 320152016: 320162017: 320172018: 32018

Similar companies in Odense

Questions and answers about K.B. MADSEN ODENSE ApS

Has K.B. MADSEN ODENSE ApS gone bankrupt?

No, K.B. MADSEN ODENSE ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of K.B. MADSEN ODENSE ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of K.B. MADSEN ODENSE ApS?

Kurt Biermann Madsen is the CEO of K.B. MADSEN ODENSE ApS.

Who is the auditor of K.B. MADSEN ODENSE ApS?

K.B. MADSEN ODENSE ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was K.B. MADSEN ODENSE ApS founded?

K.B. MADSEN ODENSE ApS was founded on 18 March 1976.

What is the equity of K.B. MADSEN ODENSE ApS?

Equity was DKK -2.4m according to the annual report for the period ending 30 September 2025.

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