Forty ApS

CVR 25638468 · Private limited company (ApS) · Active · Medium risk

Forty ApS is a Private limited company (ApS), founded on , based in Skanderborg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -5.4m and a net result of DKK -1.4m. CEO: Mikkel Salling.

Bankruptcy risk for Forty ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
25638468
Status
Active
Company type
Private limited company (ApS)
Founded
(26 years)
Address
c/o Mikkel Salling, Asylgade 31
8660 Skanderborg
Municipality
Skanderborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
0 (2016)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 24
Missing annual reportNo
Negative equityYes
Equity ratio-41.3%
Current ratio3,609%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Net profitDKK -1.4mDKK -3.5m
EquityDKK -5.4mDKK -4.0m
Total assetsDKK 13.1mDKK 12.2m
CashDKK 487k–
Short-term debtDKK 14k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025118
1 Jan 2024 – 31 Dec 2024153
1 Jan 2023 – 31 Dec 202352
1 Jan 2022 – 31 Dec 202293
1 Jan 2021 – 31 Dec 2021129
1 Jan 2020 – 31 Dec 20208
1 Jan 2019 – 31 Dec 201937
1 Jan 2018 – 31 Dec 201899
1 Jan 2017 – 31 Dec 2017142
1 Jan 2016 – 31 Dec 201695
1 Jan 2015 – 31 Dec 2015128
1 Jan 2014 – 31 Dec 2014110
1 Jan 2013 – 31 Dec 2013155
1 Jul 2011 – 31 Dec 2012135
1 Jan 2010 – 30 Jun 20117
1 Jan 2009 – 31 Dec 2009157
1 Jan 2008 – 31 Dec 2008141
1 Jan 2007 – 31 Dec 200772
1 Jan 2006 – 31 Dec 200615
1 Jan 2005 – 31 Dec 200596

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
CEOMikkel SallingCurrent
CEOBo Lander Rasmussen
CEOJesper Ernst Hvejsel
Owner (50%)HVEJSEL HOLDING ApSCurrent
Owner (50%)MSOL INVEST ApSCurrent
Owner (100%)FIRTAL GROUP ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderBo Lander RasmussenCurrent

The CEOs' other companies

Mikkel Salling – 22 other companies, of which 3 bankrupt

Bo Lander Rasmussen – 10 other companies

Jesper Ernst Hvejsel – 12 other companies, of which 1 bankrupt

Address history (7 moves)

c/o Mikkel Salling, Asylgade 31, 8660 Skanderborg
c/o Mikkel Salling, Vestermarken 10, 8660 Skanderborg
Møgelhøj 8, 8520 Lystrup
Ravnsøvej 40, 8240 Risskov
c/o Firtal Brands Aps, Vestergade 56A, 8000 Aarhus C
Stenkløvervej 12A, 8240 Risskov
Birkevej 7, 8240 Risskov
Terp Skovvej 74, 8270 Højbjerg

Former names

Forty ApS – now
FIRTAL BRANDS ApS –
RAZORPIT INTERNATIONAL ApS –
BO RASMUSSEN INVEST ApS –

Employees per year

Number of employees at Forty ApS per year352013: 320132014: 520142015: 320152016: 02016

Other companies at the same address

Similar companies in Skanderborg

Questions and answers about Forty ApS

Has Forty ApS gone bankrupt?

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

What is the bankruptcy risk of Forty ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Forty ApS?

Mikkel Salling is the CEO of Forty ApS.

Who is the auditor of Forty ApS?

Forty ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Forty ApS founded?

Forty ApS was founded on 14 September 2000.

What is the equity of Forty ApS?

Equity was DKK -5.4m 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.