TURNAROUND ApS

CVR 27034896 · Private limited company (ApS) · Active · Low risk

TURNAROUND ApS is a Private limited company (ApS), founded on , based in Vejle Øst. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. 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 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 9.8m and a net result of DKK 256k. CEO: Michael Løvbjerg.

Bankruptcy risk for TURNAROUND 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

Audit opted outYes · 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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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
27034896
Status
Active
Company type
Private limited company (ApS)
Founded
(23 years)
Address
c/o Michael Løvbjerg, Stejlbjergparken 37
7120 Vejle Øst
Municipality
Vejle
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 125k
Employees
1 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 23
Missing annual reportNo
Negative equityNo
Equity ratio85.9%
Current ratio31%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 202kDKK 113k
Net profitDKK 256kDKK 783k
EquityDKK 9.8mDKK 9.6m
Total assetsDKK 11.4mDKK 11.6m
CashDKK 160–
Short-term debtDKK 1.5m–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025196 Late
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023188 Late
1 Jan 2022 – 31 Dec 2022191 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019162
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017151
1 Jan 2016 – 31 Dec 2016160
1 Jan 2015 – 31 Dec 2015165
1 Jan 2014 – 31 Dec 2014171
1 Jan 2013 – 31 Dec 2013176
1 Jan 2012 – 31 Dec 2012172
1 Jan 2011 – 31 Dec 2011179
1 Jan 2010 – 31 Dec 2010181
1 Jan 2009 – 31 Dec 2009168
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 2007170
1 Jan 2006 – 31 Dec 2006169

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 LøvbjergCurrent
Owner (100%)Michael LøvbjergCurrent
AuditorPricewaterhouseCoopers I/S
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMichael LøvbjergCurrent

The CEOs' other companies

Michael Løvbjerg – 44 other companies, of which 9 bankrupt

Address history (4 moves)

c/o Michael Løvbjerg, Stejlbjergparken 37, 7120 Vejle Øst
c/o Michael Løvbjerg, Mejsevej 9, 7100 Vejle
c/o Michael Løvbjerg, Dampskibsvejen 18, 7120 Vejle Øst
c/o Michael Løvbjerg, Jørgasvej 4, 7120 Vejle Øst
c/o Michael Løvbjerg, Jørgasvej 4, 7120 Vejle Øst

Employees per year

Number of employees at TURNAROUND ApS per year112004: 120042005: 120052006: 120062007: 120072008: 120082016: 120162017: 120172018: 12018

Other companies at the same address

Similar companies in Vejle

Questions and answers about TURNAROUND ApS

Has TURNAROUND ApS gone bankrupt?

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

What is the bankruptcy risk of TURNAROUND 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 TURNAROUND ApS?

Michael Løvbjerg is the CEO of TURNAROUND ApS.

Who is the auditor of TURNAROUND ApS?

TURNAROUND ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was TURNAROUND ApS founded?

TURNAROUND ApS was founded on 24 February 2003.

What is the equity of TURNAROUND ApS?

Equity was DKK 9.8m 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.