EURO GYMNASTIC EQUIPMENTS ApS

CVR 28329652 · Private limited company (ApS) · Active · High risk

EURO GYMNASTIC EQUIPMENTS ApS is a Private limited company (ApS), founded on , based in Ringsted. The company is registered in the industry engroshandel med cykler, sportsartikler og lystbåde. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 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 Aug 2025) shows equity of DKK 327k and a net result of DKK 26k. CEO: Jakob Shin Søndergaard.

Bankruptcy risk for EURO GYMNASTIC EQUIPMENTS ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Equity ratio0%–10% · 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×
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×
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×
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
28329652
Status
Active
Company type
Private limited company (ApS)
Founded
(21 years)
Address
c/o Karl Martin Damgaard, Allikevej 10
4100 Ringsted
Municipality
Ringsted
Industry
Engroshandel med cykler, sportsartikler og lystbåde (464910)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
9 (2018)
Auditor
NEJSTGAARD & VETLOV, GODKENDT REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 21
Missing annual reportNo
Negative equityNo
Equity ratio6.0%
Current ratio114%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 5.2mDKK 6.6mDKK 4.3m
Net profitDKK 26kDKK 1.6mDKK -401k
EquityDKK 327kDKK 301kDKK -1.3m
Total assetsDKK 5.5mDKK 5.7mDKK 4.7m
CashDKK 90kDKK 120k–
Short-term debtDKK 4.8mDKK 5.1m–
Avg. employees1111–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Nejstgaard & Vetlov, Godkendt Revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025208 Late
1 Sep 2023 – 31 Aug 202490
1 Sep 2022 – 31 Aug 2023193 Late
1 Sep 2021 – 31 Aug 2022202 Late
1 Sep 2020 – 31 Aug 2021164
1 Sep 2019 – 31 Aug 2020157
1 Sep 2018 – 31 Aug 2019184 Late
1 Sep 2017 – 31 Aug 2018179
1 Sep 2016 – 31 Aug 2017158
1 Sep 2015 – 31 Aug 2016147
1 Sep 2014 – 31 Aug 2015142
1 Sep 2013 – 31 Aug 2014130
1 Sep 2012 – 31 Aug 2013156
1 Sep 2011 – 31 Aug 2012171
1 Sep 2010 – 31 Aug 2011166
1 Sep 2009 – 31 Aug 2010107
1 Sep 2008 – 31 Aug 200983
1 Sep 2007 – 31 Aug 2008170
1 Sep 2006 – 31 Aug 2007136
1 Sep 2005 – 31 Aug 2006161

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
CEOJakob Shin SøndergaardCurrent
CEOKarl Martin Damgaard
CEOKarl Gunnar Bäckstrand
CEOKarl Martin Damgaard
BoardKarl Martin Damgaard
BoardKarl Gunnar Bäckstrand
BoardEster Ewa Maria Bäckstrand
Owner (100%)SHIN CONCEPT ApSCurrent
Owner (25%)Karl Martin Damgaard
Owner (50%)Euro Gymnastic Equipment AB
Owner (100%)Euro Gymnastic Equipment AB
Owner (25%)Morten Elvstrøm
Owner (25%)SHIN CONCEPT ApS
Owner (50%)SHIN CONCEPT ApS
Owner (33%)GET LUCKY ApS
AuditorNEJSTGAARD & VETLOV, GODKENDT REVISIONSAKTIESELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKarl Martin DamgaardCurrent

The CEOs' other companies

Jakob Shin Søndergaard – 2 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Karl Martin Damgaard, Allikevej 10, 4100 Ringsted
c/o advokatfirmaet Svendsen, Torvet 6, 4100 Ringsted

Employees per year

Number of employees at EURO GYMNASTIC EQUIPMENTS ApS per year6122011: 1220112012: 620122013: 920132014: 820142015: 720152016: 520162017: 520172018: 92018

Other companies at the same address

Similar companies in Ringsted

Questions and answers about EURO GYMNASTIC EQUIPMENTS ApS

Has EURO GYMNASTIC EQUIPMENTS ApS gone bankrupt?

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

What is the bankruptcy risk of EURO GYMNASTIC EQUIPMENTS ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of EURO GYMNASTIC EQUIPMENTS ApS?

Jakob Shin Søndergaard is the CEO of EURO GYMNASTIC EQUIPMENTS ApS.

Who is the auditor of EURO GYMNASTIC EQUIPMENTS ApS?

EURO GYMNASTIC EQUIPMENTS ApS most recently used NEJSTGAARD & VETLOV, GODKENDT REVISIONSAKTIESELSKAB.

When was EURO GYMNASTIC EQUIPMENTS ApS founded?

EURO GYMNASTIC EQUIPMENTS ApS was founded on 20 January 2005.

What is the equity of EURO GYMNASTIC EQUIPMENTS ApS?

Equity was DKK 327k according to the annual report for the period ending 31 August 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.