TARPAPER RECYCLING ApS

CVR 29632472 · Private limited company (ApS) · Active · Medium risk

TARPAPER RECYCLING ApS is a Private limited company (ApS), founded on , based in Glostrup. The company is registered in the industry genindvinding af materialer. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 19 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 965k and a net result of DKK -1.9m. CEO: Karsten Rasmussen, Connie Tinnesen Ludvig.

Bankruptcy risk for TARPAPER RECYCLING ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%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×
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×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
29632472
Status
Active
Company type
Private limited company (ApS)
Founded
(20 years)
Address
Naverland 2, 16.
2600 Glostrup
Municipality
Albertslund
Industry
Genindvinding af materialer (382100)
Bankruptcies in the industry: Genbrug af sorterede materialer
Share capital
DKK 150k
Employees
4 (2018)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late5 of 19
Missing annual reportNo
Negative equityNo
Equity ratio7.6%
Current ratio55%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies5
Other companies at the address334
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 1.4mDKK -175k
Net profitDKK -1.9mDKK -3.3m
EquityDKK 965kDKK 891k
Total assetsDKK 12.6mDKK 10.9m
CashDKK 742–
Short-term debtDKK 7.6m–
Avg. employees4–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025189 Late
1 Jul 2023 – 30 Jun 2024182
1 Jul 2022 – 30 Jun 2023180
1 Jul 2021 – 30 Jun 2022187 Late
1 Jul 2020 – 30 Jun 2021168
1 Jul 2019 – 30 Jun 2020198 Late
1 Jul 2018 – 30 Jun 2019198 Late
1 Jul 2017 – 30 Jun 2018181
1 Jul 2016 – 30 Jun 2017193 Late
1 Jul 2015 – 30 Jun 2016176
1 Jul 2014 – 30 Jun 2015156
1 Jul 2013 – 30 Jun 2014171
1 Jul 2012 – 30 Jun 2013171
1 Jul 2011 – 30 Jun 2012175
1 Jul 2010 – 30 Jun 2011172
1 Jul 2009 – 30 Jun 2010169
1 Jul 2008 – 30 Jun 2009170
1 Jul 2007 – 30 Jun 2008156
26 Jun 2006 – 30 Jun 2007162

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
CEOKarsten RasmussenCurrent
CEOConnie Tinnesen LudvigCurrent
CEOKarsten Rasmussen
CEOSvend John Svendsen
BoardKarsten Rasmussen
BoardMartin Barrit Rasmussen
BoardConnie Tinnesen Ludvig
BoardSvend John Svendsen
BoardPalle Rasmussen
Owner (100%)NKR GRUPPEN ApSCurrent
Owner (100%)IN GREEN TECH GROUP ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorHøjdedragets virksomhedsrådgivning , Statsautoriseret Revisionsvirksomhed v/Mogens Nielsen
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
FounderSelskabet af 19 juni 2001 ApSCurrent

The CEOs' other companies

Karsten Rasmussen – 26 other companies, of which 11 bankrupt

Connie Tinnesen Ludvig – 3 other companies, of which 1 bankrupt

Svend John Svendsen – 9 other companies, of which 5 bankrupt

Address history (2 moves)

Naverland 2, 16., 2600 Glostrup
Naverland 2, 16., 2600 Glostrup
Vejlevej 25, 8700 Horsens

Former names

TARPAPER RECYCLING ApS – now
TAGPAP RECYCLING ApS –

Employees per year

Number of employees at TARPAPER RECYCLING ApS per year482011: 820112012: 720122013: 620132014: 520142015: 620152016: 620162017: 420172018: 42018

Other companies at the same address

Similar companies in Albertslund

Questions and answers about TARPAPER RECYCLING ApS

Has TARPAPER RECYCLING ApS gone bankrupt?

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

What is the bankruptcy risk of TARPAPER RECYCLING ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of TARPAPER RECYCLING ApS?

Karsten Rasmussen, Connie Tinnesen Ludvig are the CEOs of TARPAPER RECYCLING ApS.

Who is the auditor of TARPAPER RECYCLING ApS?

TARPAPER RECYCLING ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was TARPAPER RECYCLING ApS founded?

TARPAPER RECYCLING ApS was founded on 26 June 2006.

What is the equity of TARPAPER RECYCLING ApS?

Equity was DKK 965k according to the annual report for the period ending 30 June 2025.

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