NOR-TRADE ApS

CVR 65210312 · Private limited company (ApS) · Active · Low risk

NOR-TRADE ApS is a Private limited company (ApS), founded on , based in Hornbæk. The company is registered in the industry agenturhandel med maskiner, teknisk udstyr, skibe og flyvemaskiner. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 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 Jun 2025) shows equity of DKK 2.3m and a net result of DKK 100k. CEO: Kaj Ørsted Balsborg, Kirsten Nygaard Balsborg.

Bankruptcy risk for NOR-TRADE ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
65210312
Status
Active
Company type
Private limited company (ApS)
Founded
(45 years)
Address
Ledgårdsvej 7
3100 Hornbæk
Municipality
Helsingør
Industry
Agenturhandel med maskiner, teknisk udstyr, skibe og flyvemaskiner (461400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 200k
Employees
2 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 30
Missing annual reportNo
Negative equityNo
Equity ratio47.4%
Current ratio190%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies2
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 324kDKK 330k
Gross profitDKK 133kDKK 136k
Net profitDKK 100kDKK -252k
EquityDKK 2.3mDKK 2.3m
Total assetsDKK 4.8mDKK 4.8m
CashDKK 96k–
Short-term debtDKK 2.5m–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025196 Late
1 Jul 2023 – 30 Jun 2024161
1 Jul 2022 – 30 Jun 2023137
1 Jul 2021 – 30 Jun 202269
1 Jul 2020 – 30 Jun 2021153
1 Jul 2019 – 30 Jun 2020154
1 Jul 2018 – 30 Jun 2019156
1 Jul 2017 – 30 Jun 2018160
1 Jul 2016 – 30 Jun 201748
1 Jul 2015 – 30 Jun 2016113
1 Jul 2014 – 30 Jun 2015182
1 Jul 2013 – 30 Jun 2014164
1 Jul 2012 – 30 Jun 2013155
1 Jul 2011 – 30 Jun 2012158
1 Jul 2010 – 30 Jun 2011157
1 Jul 2009 – 30 Jun 2010154
1 Jul 2008 – 30 Jun 2009125
1 Jul 2007 – 30 Jun 2008156
1 Jul 2006 – 30 Jun 2007158
1 Jul 2005 – 30 Jun 2006158

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
CEOKaj Ørsted BalsborgCurrent
CEOKirsten Nygaard BalsborgCurrent
CEOPoul Ørsted Balsborg
CEOKirsten Nygaard Balsborg
Owner (100%)Kaj Ørsted BalsborgCurrent
AuditorJens Otto Laursen
AuditorREVISIONSFIRMAET FRANS THOMSEN A/S STATSAUTORISERET REVISOR
AuditorAFVIKLINGSSELSKABET AF 30. MAJ 2003 A/S
AuditorHORWATH REVISORERNE STATSAUTORISERET REVISIONSINTERESSENTSKAB
AuditorJan Harris Clausen

The CEOs' other companies

Kaj Ørsted Balsborg – 18 other companies, of which 8 bankrupt

Poul Ørsted Balsborg – 15 other companies, of which 1 bankrupt

Address history (4 moves)

Ledgårdsvej 7, 3100 Hornbæk
Naverland 34, 2600 Glostrup
Naverland 34, 1., 2600 Glostrup
Herlev Hovedgade 119, 1., 2730 Herlev
Jernholmen 54, 2650 Hvidovre

Former names

NOR-TRADE ApS – now
K. BALSBORG CONSULT ApS –

Employees per year

Number of employees at NOR-TRADE ApS per year122011: 220112012: 220122013: 220132014: 220142015: 020152016: 220162017: 220172018: 22018

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Questions and answers about NOR-TRADE ApS

Has NOR-TRADE ApS gone bankrupt?

No, NOR-TRADE ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of NOR-TRADE ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of NOR-TRADE ApS?

Kaj Ørsted Balsborg, Kirsten Nygaard Balsborg are the CEOs of NOR-TRADE ApS.

When was NOR-TRADE ApS founded?

NOR-TRADE ApS was founded on 14 April 1981.

What is the equity of NOR-TRADE ApS?

Equity was DKK 2.3m according to the annual report for the period ending 30 June 2025.

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