ZMAG ApS
CVR 29243131 · Private limited company (ApS) · Active · Medium risk
ZMAG ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry andre it- og computerserviceaktiviteter. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 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 -24.2m and a net result of DKK 420k. CEO: Thayer Swartwood, Imad Mouline.
Bankruptcy risk for ZMAG ApS
1.4 × the average (1.41%) · higher risk than 82% of active Danish companies
Increases the risk
Reduces the risk
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
- 29243131
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (20 years)
- Address
- Frederiksborggade 20B, 1.
1360 København K - Municipality
- København
- Industry
- Andre IT- og computerserviceaktiviteter (629000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi - Share capital
- DKK 220k
- Employees
- 0 (2018)
- Auditor
- CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 7 of 20 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -1,833.0% |
| Current ratio | 1% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 9 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 18 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -142k | DKK 508k | DKK -1,715 |
| Net profit | DKK 420k | DKK -2.2m | DKK 2.1m |
| Equity | DKK -24.2m | DKK -24.6m | DKK -22.5m |
| Total assets | DKK 1.3m | DKK 1.6m | DKK 1.5m |
| Cash | DKK 14k | DKK 8,578 | – |
| Short-term debt | DKK 25.5m | DKK 26.2m | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Christensen Kjærulff, Statsautoriseret Revisionsaktieselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 190 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 182 | ||
| 1 Jan 2023 – 31 Dec 2023 | 213 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 205 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 194 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 200 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 171 | ||
| 1 Jan 2018 – 31 Dec 2018 | 156 | ||
| 1 Jan 2017 – 31 Dec 2017 | 151 | ||
| 1 Jan 2016 – 31 Dec 2016 | 187 | Late | |
| 1 Jan 2015 – 31 Dec 2015 | 146 | ||
| 1 Jan 2014 – 31 Dec 2014 | 149 | ||
| 1 Jan 2013 – 31 Dec 2013 | 162 | ||
| 1 Jan 2012 – 31 Dec 2012 | 183 | ||
| 1 Jan 2011 – 31 Dec 2011 | 180 | ||
| 1 Jan 2010 – 31 Dec 2010 | 179 | ||
| 1 Jan 2009 – 31 Dec 2009 | 168 | ||
| 1 Jan 2008 – 31 Dec 2008 | 131 | ||
| 1 Jan 2007 – 31 Dec 2007 | 163 | ||
| 11 Jan 2006 – 31 Dec 2006 | 164 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Thayer Swartwood | Current | |
| CEO | Imad Mouline | Current | |
| CEO | Jens Karstoft | ||
| CEO | Terence Patrick Halloran | ||
| CEO | David Russell Powell | ||
| CEO | Richard Mark Darer | ||
| Board | Jens Karstoft | ||
| Board | Anders Frejo Jørgensen | ||
| Board | Jesper Scharling Sørensen | ||
| Board | Kim Wiencken | ||
| Owner (100%) | Zmags Corporation | Current | |
| Auditor | CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB | Current | |
| Auditor | Karleby Revision ApS | ||
| Founder | Karstoft Holding ApS | Current |
The CEOs' other companies
Jens Karstoft – 13 other companies, of which 1 bankrupt
- COOLHUNTER ApS Bankrupt 25 Jan 2006
- Develop Diverse ApS Active
- Develop Diverse Holding ApS Active
- FORECAST APS Active
- Harba Systems ApS Active
- Inact ApS Active
- KLUBMODUL ApS Active
- Karstoft Holding ApS Active
- LuggageHero A/S Active
- MONSIDO ApS Active
- NEURONS INC. ApS Active
- Napp ApS Fusioneret
- Poster & Frame Art Group ApS Active
Address history (5 moves)
| Frederiksborggade 20B, 1., 1360 København K | |
| Frederiksborggade 20B, 1., 1360 København K | |
| Prags Boulevard 80, 2300 København S | |
| Holmbladsgade 70, 2300 København S | |
| Lergravsvej 53, 2300 København S | |
| Borups Allé 233B, 1. th, 2400 København NV |
Employees per year
Other companies at the same address
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- Blacksheep Holding ApS Bankrupt
- Boutique Bars ApS Bankrupt
- Family Affair ApS Bankrupt
- Naked & Famous ApS Bankrupt
- One Woman Army ApS Bankrupt
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- CM & HZB ApS Opløst
- Cphfacilitation ApS Active
- DOLSEN ApS Active
- HZB ApS Active
- KJVH ApS Active
- Keyser KBH ApS Active
- NBH Frederiksborggade ApS Fusioneret
- TNS HOLDING ApS Active
- Tal og Sprog ApS Opløst
- WOBA ApS Active
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Questions and answers about ZMAG ApS
Has ZMAG ApS gone bankrupt?
No, ZMAG ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of ZMAG ApS?
Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.
Who is the CEO of ZMAG ApS?
Thayer Swartwood, Imad Mouline are the CEOs of ZMAG ApS.
Who is the auditor of ZMAG ApS?
ZMAG ApS most recently used CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB.
When was ZMAG ApS founded?
ZMAG ApS was founded on 11 January 2006.
What is the equity of ZMAG ApS?
Equity was DKK -24.2m 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.