CARTMIL ApS

CVR 26701716 · Private limited company (ApS) · Active · Low risk

CARTMIL ApS is a Private limited company (ApS), founded on , based in Malling. The company is registered in the industry anden finansiel formidling i.a.n.. Our model estimates a bankruptcy risk of 1.1% over the next 12 months, which is 0.8 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -1.2m and a net result of DKK 2,931. CEO: Michael Lundgreen.

Bankruptcy risk for CARTMIL ApS

1.1%
probability of bankruptcy within 12 months
Low risk

0.8 × the average (1.41%) · higher risk than 74% 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×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×

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
26701716
Status
Active
Company type
Private limited company (ApS)
Founded
(24 years)
Address
c/o Cartex ApS, Oddervej 500
8340 Malling
Municipality
Aarhus
Industry
Anden finansiel formidling i.a.n. (649990)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 23
Missing annual reportNo
Negative equityYes
Equity ratio-830.0%
Current ratio2%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -5,313DKK -3,875
Net profitDKK 2,931DKK -911
EquityDKK -1.2mDKK -1.2m
Total assetsDKK 146kDKK 86k
CashDKK 270–
Short-term debtDKK 19k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025178
1 Oct 2023 – 30 Sep 2024184 Late
1 Oct 2022 – 30 Sep 2023167
1 Oct 2021 – 30 Sep 2022186 Late
1 Oct 2020 – 30 Sep 2021183
1 Oct 2019 – 30 Sep 2020182
1 Oct 2018 – 30 Sep 2019169
1 Oct 2017 – 30 Sep 2018158
1 Oct 2016 – 30 Sep 2017144
1 Oct 2015 – 30 Sep 2016147
1 Oct 2014 – 30 Sep 2015166
1 Oct 2013 – 30 Sep 2014182
1 Oct 2012 – 30 Sep 2013154
1 Oct 2011 – 30 Sep 2012154
1 Oct 2010 – 30 Sep 2011170
1 Oct 2009 – 30 Sep 2010167
1 Oct 2008 – 30 Sep 2009180
1 Oct 2007 – 30 Sep 2008184 Late
1 Oct 2006 – 30 Sep 2007137
1 Oct 2005 – 30 Sep 2006156

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 LundgreenCurrent
Owner (100%)Michael LundgreenCurrent
AuditorERNST & YOUNG DENMARK P/S
AuditorMJAKP2 I/S
AuditorMJAKP P/S
AuditorBeierholm Godkendt Revisionspartnerselskab
Auditor3 STK ApS
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMichael LundgreenCurrent

The CEOs' other companies

Michael Lundgreen – 2 other companies, of which 1 bankrupt

Address history (4 moves)

c/o Cartex ApS, Oddervej 500, 8340 Malling
c/o Cartex ApS, Oddervej 500, 8340 Malling
Hovvej 3B, 8382 Hinnerup
Flinthøjen 24, 8382 Hinnerup
Flinthøjen 24, 8382 Hinnerup

Other companies at the same address

Similar companies in Aarhus

Questions and answers about CARTMIL ApS

Has CARTMIL ApS gone bankrupt?

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

What is the bankruptcy risk of CARTMIL ApS?

Our model estimates a bankruptcy risk of 1.1% over the next 12 months (low risk), which is 0.8 times the average for Danish companies.

Who is the CEO of CARTMIL ApS?

Michael Lundgreen is the CEO of CARTMIL ApS.

Who is the auditor of CARTMIL ApS?

CARTMIL ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was CARTMIL ApS founded?

CARTMIL ApS was founded on 31 May 2002.

What is the equity of CARTMIL ApS?

Equity was DKK -1.2m 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.