VESTERGADES CYKLER OG KNALLERTER ApS

CVR 21436690 · Private limited company (ApS) · Active · Low risk

VESTERGADES CYKLER OG KNALLERTER ApS is a Private limited company (ApS), founded on , based in Varde. The company is registered in the industry detailhandel med cykler. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 4.2m and a net result of DKK 172k. CEO: Lars Storgaard.

Bankruptcy risk for VESTERGADES CYKLER OG KNALLERTER ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes1 · bankruptcy rate 11.4%1.3×
Employees (latest year)5–10 · bankruptcy rate 10.1%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×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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
21436690
Status
Active
Company type
Private limited company (ApS)
Founded
(27 years)
Address
c/o Birgitte Nicolaysen, Vestergade 32
6800 Varde
Municipality
Varde
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 140k
Employees
7 (2018)
Auditor
MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 27
Missing annual reportNo
Negative equityNo
Equity ratio49.5%
Current ratio198%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.3mDKK 2.7m
Net profitDKK 172kDKK 396k
EquityDKK 4.2mDKK 4.0m
Total assetsDKK 8.4mDKK 8.9m
CashDKK 3.6m–
Short-term debtDKK 4.3m–
Avg. employees4–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202576
1 Jan 2024 – 31 Dec 2024135
1 Jan 2023 – 31 Dec 2023138
1 Jan 2022 – 31 Dec 202289
1 Jan 2021 – 31 Dec 202161
1 Jan 2020 – 31 Dec 202076
1 Jan 2019 – 31 Dec 2019169
1 Jan 2018 – 31 Dec 201899
1 Jan 2017 – 31 Dec 2017107
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015152
1 Jan 2014 – 31 Dec 2014132
1 Jan 2013 – 31 Dec 2013120
1 Jan 2012 – 31 Dec 201284
1 Jan 2011 – 31 Dec 2011150
1 Jan 2010 – 31 Dec 2010155
1 Jan 2009 – 31 Dec 200987
1 Jan 2008 – 31 Dec 2008109
1 Jan 2007 – 31 Dec 200763
1 Jan 2006 – 31 Dec 200677

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
CEOLars StorgaardCurrent
CEOFinn Storgaard
Owner (100%)LS HOLDING, VARDE ApSCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderLars StorgaardCurrent

The CEOs' other companies

Lars Storgaard – 2 other companies

Address history (1 moves)

c/o Birgitte Nicolaysen, Vestergade 32, 6800 Varde
Vestergade 32, 6800 Varde

Employees per year

Number of employees at VESTERGADES CYKLER OG KNALLERTER ApS per year482011: 620112012: 620122013: 620132014: 820142015: 820152016: 720162017: 820172018: 72018

Other companies at the same address

Similar companies in Varde

Questions and answers about VESTERGADES CYKLER OG KNALLERTER ApS

Has VESTERGADES CYKLER OG KNALLERTER ApS gone bankrupt?

No, VESTERGADES CYKLER OG KNALLERTER ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of VESTERGADES CYKLER OG KNALLERTER ApS?

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

Who is the CEO of VESTERGADES CYKLER OG KNALLERTER ApS?

Lars Storgaard is the CEO of VESTERGADES CYKLER OG KNALLERTER ApS.

Who is the auditor of VESTERGADES CYKLER OG KNALLERTER ApS?

VESTERGADES CYKLER OG KNALLERTER ApS most recently used MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was VESTERGADES CYKLER OG KNALLERTER ApS founded?

VESTERGADES CYKLER OG KNALLERTER ApS was founded on 22 January 1999.

What is the equity of VESTERGADES CYKLER OG KNALLERTER ApS?

Equity was DKK 4.2m 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.