TARGET GROUP ApS

CVR 27230288 · Private limited company (ApS) · Active · Low risk

TARGET GROUP ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry indspilning af lydoptagelser og udgivelse af musik. 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 2.7m and a net result of DKK 680k. CEO: Michael Hvolgaard Andersen.

Bankruptcy risk for TARGET GROUP ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×
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×
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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

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
27230288
Status
Active
Company type
Private limited company (ApS)
Founded
(23 years)
Address
c/o Zeppelin Rock Bar, Vesterbrogade 45, st.
1620 København V
Municipality
København
Industry
Indspilning af lydoptagelser og udgivelse af musik (592000)
Bankruptcies in the industry: Produktion af film og videofilm
Share capital
DKK 225k
Employees
5 (2018)
Auditor
Din Revisor Frederiksberg P/S Godkendte Revisorer
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 22
Missing annual reportNo
Negative equityNo
Equity ratio71.7%
Current ratio339%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address12
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 2.5mDKK 2.9mDKK 2.5m
Net profitDKK 680kDKK 971kDKK 699k
EquityDKK 2.7mDKK 2.6mDKK 1.7m
Total assetsDKK 3.7mDKK 3.9mDKK 3.0m
CashDKK 2.2mDKK 2.0m–
Short-term debtDKK 998kDKK 1.2m–
Tax owedDKK 75kDKK 277k–
Avg. employees33–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Din Revisor Frederiksberg P/S Godkendte Revisorer.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025178
1 Jan 2024 – 31 Dec 2024139
1 Jan 2023 – 31 Dec 2023191 Late
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020188 Late
1 Jan 2019 – 31 Dec 201956
1 Jan 2018 – 31 Dec 2018177
1 Jan 2017 – 31 Dec 2017178
1 Jan 2016 – 31 Dec 2016171
1 Jan 2015 – 31 Dec 2015182
1 Jan 2014 – 31 Dec 2014187 Late
1 Jan 2013 – 31 Dec 2013178
1 Jan 2012 – 31 Dec 2012172
1 Jan 2011 – 31 Dec 2011185 Late
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009138
1 Jan 2008 – 31 Dec 200895
1 Jan 2007 – 31 Dec 2007118
1 Jan 2006 – 31 Dec 2006164

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 Hvolgaard AndersenCurrent
Owner (100%)HVOLGAARD ApSCurrent
Owner (50%)HVOLGAARD ApS
Owner (33%)ONE OF MANY HOLDINGSELSKABER ApS
AuditorERNST & YOUNG DENMARK P/S
AuditorENGELBRET CONSULT v/Bent Engelbret-Pedersen
AuditorBKL Consulting
AuditorBoreco Statsautoriseret Revisionspartnerselskab
AuditorDin Revisor Frederiksberg P/S Godkendte Revisorer
FounderApS KBUS 38 nr.3117Current

The CEOs' other companies

Michael Hvolgaard Andersen – 8 other companies, of which 1 bankrupt

Address history (4 moves)

c/o Zeppelin Rock Bar, Vesterbrogade 45, st., 1620 København V
Gasværksvej 1, 1. tv, 1656 København V
Vesterbrogade 45, 1620 København V
Godthåbsvej 26B, 2., 2000 Frederiksberg
Kronprinsessegade 18, 1306 København K

Former names

TARGET GROUP ApS – now
TARGET DISTRIBUTION ApS –
ApS KBUS 17 NR. 2559 –

Employees per year

Number of employees at TARGET GROUP ApS per year472011: 720112012: 620122013: 620132014: 620142015: 420152016: 120162017: 320172018: 52018

Other companies at the same address

Similar companies in København

Questions and answers about TARGET GROUP ApS

Has TARGET GROUP ApS gone bankrupt?

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

What is the bankruptcy risk of TARGET GROUP 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 TARGET GROUP ApS?

Michael Hvolgaard Andersen is the CEO of TARGET GROUP ApS.

Who is the auditor of TARGET GROUP ApS?

TARGET GROUP ApS most recently used Din Revisor Frederiksberg P/S Godkendte Revisorer.

When was TARGET GROUP ApS founded?

TARGET GROUP ApS was founded on 1 July 2003.

What is the equity of TARGET GROUP ApS?

Equity was DKK 2.7m 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.