ETHION DEVELOPMENT ApS

CVR 29137730 · Private limited company (ApS) · Active · Low risk

ETHION DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Køge. The company is registered in the industry finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 20 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 365k and a net result of DKK -12k. CEO: Lars Jesper Kamstrup.

Bankruptcy risk for ETHION DEVELOPMENT ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
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×
Published annual reports10+ · bankruptcy rate 3.0%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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
29137730
Status
Active
Company type
Private limited company (ApS)
Founded
(21 years)
Address
c/o Jesper Kamstrup, Clara Frijsvej 5
4600 Køge
Municipality
Køge
Industry
Finansielle holdingselskaber (642110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Employees
0 (2008)
Auditor
BUUS JENSEN, Statsautoriserede revisorer
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 20
Missing annual reportNo
Negative equityNo
Equity ratio98.4%
Current ratio2,756%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -12kDKK -13kDKK -5,501
Net profitDKK -12kDKK -597DKK 374
EquityDKK 365kDKK 2.4mDKK 3.5m
Total assetsDKK 371kDKK 2.4mDKK 3.5m
CashDKK 164kDKK 2.2m–
Short-term debtDKK 5,950DKK 5,500–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BUUS JENSEN, Statsautoriserede revisorer.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025159
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021184 Late
1 Jan 2020 – 31 Dec 2020195 Late
1 Jan 2019 – 31 Dec 2019230 Late
1 Jan 2018 – 31 Dec 2018171
1 Jan 2017 – 31 Dec 2017169
1 Jan 2016 – 31 Dec 2016150
1 Jul 2014 – 30 Jun 2015150
1 Jul 2013 – 30 Jun 2014113
1 Jul 2012 – 30 Jun 2013143
1 Jul 2011 – 30 Jun 2012150
1 Jul 2010 – 30 Jun 201180
1 Jul 2009 – 30 Jun 2010165
1 Jul 2008 – 30 Jun 2009152
1 Jul 2007 – 30 Jun 2008175
1 Jul 2006 – 30 Jun 2007158
10 Oct 2005 – 30 Jun 2006187 Late

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
CEOLars Jesper KamstrupCurrent
Owner (100%)Lars Jesper KamstrupCurrent
AuditorF.J. Revision v/Frank Jakobsen
AuditorEjendommen Himmelev Bygade 70-74 I/S
AuditorPartnerselskabet RRSR
AuditorAROS STATSAUTORISEREDE REVISORER I/S
AuditorLægård Revision Statsautoriseret revisionsfirma
FounderLars Jesper KamstrupCurrent

The CEOs' other companies

Lars Jesper Kamstrup – 7 other companies, of which 1 bankrupt

Address history (4 moves)

c/o Jesper Kamstrup, Clara Frijsvej 5, 4600 Køge
c/o Jesper Kamstrup, Faste Batteri Vej 90, 3. tv, 2300 København S
Skyttemarksvej 41A, 4700 Næstved
Kildealle 54, 4684 Holmegaard
Kildealle 54, 4684 Holmegaard

Former names

ETHION DEVELOPMENT ApS – now
BIZZWARE ApS –

Employees per year

Number of employees at ETHION DEVELOPMENT ApS per year122006: 120062007: 220072008: 02008

Similar companies in Køge

Questions and answers about ETHION DEVELOPMENT ApS

Has ETHION DEVELOPMENT ApS gone bankrupt?

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

What is the bankruptcy risk of ETHION DEVELOPMENT ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of ETHION DEVELOPMENT ApS?

Lars Jesper Kamstrup is the CEO of ETHION DEVELOPMENT ApS.

Who is the auditor of ETHION DEVELOPMENT ApS?

ETHION DEVELOPMENT ApS most recently used BUUS JENSEN, Statsautoriserede revisorer.

When was ETHION DEVELOPMENT ApS founded?

ETHION DEVELOPMENT ApS was founded on 10 October 2005.

What is the equity of ETHION DEVELOPMENT ApS?

Equity was DKK 365k 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.