NEO NOR A/S

CVR 74597912 · Public limited company (A/S) · Active · High risk

NEO NOR A/S is a Public limited company (A/S), founded on , based in Valby. The company is registered in the industry engroshandel med radio og tv, fotografiske og optiske artikler. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 20 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK -933k and a net result of DKK -105k. CEO: Michael Rugaard Olsen.

Bankruptcy risk for NEO NOR A/S

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% 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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Capital changes2 · bankruptcy rate 5.2%0.59×

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
74597912
Status
Active
Company type
Public limited company (A/S)
Founded
(42 years)
Address
Vigerslevvej 244
2500 Valby
Municipality
København
Industry
Engroshandel med radio og tv, fotografiske og optiske artikler (464320)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
2 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 29
Missing annual reportNo
Negative equityYes
Equity ratio-72.5%
Current ratio52%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address8
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 26kDKK -60k
Net profitDKK -105kDKK -118k
EquityDKK -933kDKK -828k
Total assetsDKK 1.3mDKK 1.4m
CashDKK 12k–
Short-term debtDKK 2.2m–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025169
1 Jul 2023 – 30 Jun 2024179
1 Jul 2022 – 30 Jun 2023182
1 Jul 2021 – 30 Jun 2022181
1 Jul 2020 – 30 Jun 2021153
1 Jul 2019 – 30 Jun 2020153
1 Jul 2018 – 30 Jun 2019155
1 Jul 2017 – 30 Jun 2018152
1 Jul 2016 – 30 Jun 2017152
1 Jul 2015 – 30 Jun 2016154
1 Jul 2014 – 30 Jun 2015160
1 Jul 2013 – 30 Jun 2014161
1 Jan 2012 – 31 Dec 2012150
1 Jan 2011 – 31 Dec 2011159
1 Jan 2010 – 31 Dec 2010136
1 Jan 2009 – 31 Dec 2009157
1 Jan 2008 – 31 Dec 2008141
1 Jan 2007 – 31 Dec 2007167
1 Jan 2006 – 31 Dec 2006151
1 Jan 2005 – 31 Dec 2005152

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
CEOMichael Rugaard OlsenCurrent
BoardMichael Rugaard OlsenCurrent
BoardPoul Ejnar QuaadeCurrent
BoardLone RyslevCurrent
BoardJan Christiansen
BoardMarianne Thor
BoardEva Lessel
Owner (100%)NOR BUSINESS GRUPPEN HOLDING ApSCurrent
Owner (100%)Michael Rugaard OlsenCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorCarl Siegwart Sonnichsen
AuditorReg. revisor Kurt Rasmussen
AuditorBEIERHOLM, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBeierholm Godkendt Revisionspartnerselskab

The CEOs' other companies

Michael Rugaard Olsen – 5 other companies

Address history (1 moves)

Vigerslevvej 244, 2500 Valby
Vigerslevvej 244, 2500 Valby

Former names

NEO NOR A/S – now
NOR BUSINESS GRUPPEN A/S –
MICHANORD ApS –

Employees per year

Number of employees at NEO NOR A/S per year232011: 220112012: 120122013: 320132014: 220142015: 120152016: 120162017: 220172018: 22018

Other companies at the same address

Similar companies in København

Questions and answers about NEO NOR A/S

Has NEO NOR A/S gone bankrupt?

No, NEO NOR A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of NEO NOR A/S?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of NEO NOR A/S?

Michael Rugaard Olsen is the CEO of NEO NOR A/S.

When was NEO NOR A/S founded?

NEO NOR A/S was founded on 10 February 1984.

What is the equity of NEO NOR A/S?

Equity was DKK -933k 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.