INNOVATIVE EUROPE ApS

CVR 29150540 · Private limited company (ApS) · Active · Low risk

INNOVATIVE EUROPE ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry engroshandel med informations- og kommunikationsudstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 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 (31 Dec 2025) shows equity of DKK 3.5m and a net result of DKK -9,409. CEO: Kevin Douglas McClelland.

Bankruptcy risk for INNOVATIVE EUROPE ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
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×
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
29150540
Status
Active
Company type
Private limited company (ApS)
Founded
(21 years)
Address
Center Boulevard 5
2300 København S
Municipality
København
Industry
Engroshandel med informations- og kommunikationsudstyr (465000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
5 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 20
Missing annual reportNo
Negative equityNo
Equity ratio99.3%
Current ratio13,941%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address230
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -5,000DKK 11kDKK -31k
Net profitDKK -9,409DKK 15kDKK -31k
EquityDKK 3.5mDKK 3.5mDKK 3.5m
Total assetsDKK 3.5mDKK 3.9mDKK 3.5m
Short-term debtDKK 25kDKK 424k–
Tax owedDKK 0DKK 404k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025147
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023185 Late
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021182
1 Jan 2020 – 31 Dec 2020187 Late
1 Jan 2019 – 31 Dec 2019167
1 Jan 2018 – 31 Dec 2018122
1 Jan 2017 – 31 Dec 201796
1 Jan 2016 – 31 Dec 2016125
1 Jan 2015 – 31 Dec 201562
1 Jan 2014 – 31 Dec 201451
1 Jan 2013 – 31 Dec 201389
1 Jan 2012 – 31 Dec 2012144
1 Jan 2011 – 31 Dec 2011143
1 Jan 2010 – 31 Dec 2010156
1 Jan 2009 – 31 Dec 2009160
1 Jan 2008 – 31 Dec 2008173
1 Jan 2007 – 31 Dec 2007182
26 Oct 2005 – 31 Dec 2006154

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
CEOKevin Douglas McClellandCurrent
CEOCaroline Sundorph Pontoppidan
CEOJesper Lützhøft Christiansen
BoardOdd Norman Oddsen
BoardWenda Sue Oddsen
BoardOdd Norman Oddsen, Jr.
BoardJoseph James Tosolt
BoardCraig Lawrence Enenstein
BoardLouis Geoffrey Greulich
BoardDavid Alan Fox
BoardDavid Gordon Hoffman
BoardKevin Douglas McClelland
BoardMark Matvey Woods
Owner (100%)Human Active Technology Holding ApSCurrent
Owner (100%)Innovative Office Products LLC
Owner (100%)SIS Ergo LLC
Owner (100%)IOP Europe HoldCo, Inc.
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorGRANT THORNTON, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderKR 332 ApSCurrent

The CEOs' other companies

Caroline Sundorph Pontoppidan – 50 other companies, of which 50 bankrupt

Jesper Lützhøft Christiansen – 1 other companies, of which 1 bankrupt

Address history (3 moves)

Center Boulevard 5, 2300 København S
Center Boulevard 5, 2300 København S
Larsbjørnsstræde 3, 1454 København K
c/o Kromann Reumert, Sundkrogsgade 5, 2100 København Ø

Former names

INNOVATIVE EUROPE ApS – now
KR 1316 ApS –

Employees per year

Number of employees at INNOVATIVE EUROPE ApS per year472011: 720112012: 520122013: 320132014: 320142015: 420152016: 320162017: 620172018: 52018

Other companies at the same address

Similar companies in København

Questions and answers about INNOVATIVE EUROPE ApS

Has INNOVATIVE EUROPE ApS gone bankrupt?

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

What is the bankruptcy risk of INNOVATIVE EUROPE ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of INNOVATIVE EUROPE ApS?

Kevin Douglas McClelland is the CEO of INNOVATIVE EUROPE ApS.

Who is the auditor of INNOVATIVE EUROPE ApS?

INNOVATIVE EUROPE ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was INNOVATIVE EUROPE ApS founded?

INNOVATIVE EUROPE ApS was founded on 26 October 2005.

What is the equity of INNOVATIVE EUROPE ApS?

Equity was DKK 3.5m 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.