SOURCE TECHNOLOGY ApS

CVR 29845336 · Private limited company (ApS) · Active · Low risk

SOURCE TECHNOLOGY ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry fremstilling af maskiner til føde-, drikke- og tobaksvareindustrien. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 19 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 58.0m and a net result of DKK 6.0m. CEO: James Daniel Gaston.

Bankruptcy risk for SOURCE TECHNOLOGY ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
29845336
Status
Active
Company type
Private limited company (ApS)
Founded
(20 years)
Address
P.O. Pedersens Vej 18
8200 Aarhus N
Municipality
Aarhus
Industry
Fremstilling af maskiner til føde-, drikke- og tobaksvareindustrien (289300)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 1.0m
Employees
15 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 19
Missing annual reportNo
Negative equityNo
Equity ratio95.0%
Current ratio1,900%
Moves (last 2 years)2
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 21.6mDKK 25.1mDKK 21.9m
Net profitDKK 6.0mDKK -11.0mDKK -1.1m
EquityDKK 58.0mDKK 52.0mDKK 63.0m
Total assetsDKK 61.0mDKK 67.9mDKK 78.0m
CashDKK 26.6mDKK 10.3m–
Short-term debtDKK 3.1mDKK 15.9m–
Tax owed–DKK 0–
Avg. employees1821–

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 2025174
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023207 Late
1 Jan 2022 – 31 Dec 2022194 Late
1 Jan 2021 – 31 Dec 202175
1 Jan 2020 – 31 Dec 2020146
1 Jan 2019 – 31 Dec 201980
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017121
1 Jan 2016 – 31 Dec 201674
1 Jan 2015 – 31 Dec 201539
1 Jan 2014 – 31 Dec 201451
1 Jan 2013 – 31 Dec 201373
1 Jul 2011 – 31 Dec 201274
1 Jul 2010 – 30 Jun 2011126
1 Jul 2009 – 30 Jun 2010147
1 Jul 2008 – 30 Jun 2009154
1 Jul 2007 – 30 Jun 2008127
31 Aug 2006 – 30 Jun 2007135

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
CEOJames Daniel GastonCurrent
CEOThomas Kniep Jørgensen
CEOThomas Kniep Jørgensen
CEOTonny Frilund Carstensen
CEOKim Doctor Krintel
BoardArni SigurjonssonCurrent
BoardJames Daniel GastonCurrent
BoardMorten Munk RasmussenCurrent
BoardBirgitte Hylsebeck JørgensenCurrent
BoardTravis Ray MooreCurrent
BoardLafe Nolan Bailey
BoardBrad Douglas Wenger
BoardMarc Louis Wenger
BoardJohn David Pierson
BoardLafe Nolan Bailey
BoardBrad Douglas Wenger
BoardMegan Hill
BoardMitchell Scott Allen
BoardJeffrey Dean Wenger
BoardJesper Hjortshøj
BoardLinda Jonsdottir
BoardJohn David Pierson
Owner (100%)Wenger Manufacturing, LLCCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderThomas Kniep JørgensenCurrent

The CEOs' other companies

Thomas Kniep Jørgensen – 4 other companies

Tonny Frilund Carstensen – 23 other companies, of which 3 bankrupt

Kim Doctor Krintel – 4 other companies

Address history (5 moves)

P.O. Pedersens Vej 18, 8200 Aarhus N
Egtvedvej 1, 6000 Kolding
Korsvej 11, 6000 Kolding
Albuen 56B, 6000 Kolding
Strandhøj 4, 6000 Kolding
c/o Thomas Jørgensen, Vangen 8, 6000 Kolding

Employees per year

Number of employees at SOURCE TECHNOLOGY ApS per year9172011: 320112012: 620122013: 720132014: 720142015: 920152016: 1420162017: 1720172018: 152018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about SOURCE TECHNOLOGY ApS

Has SOURCE TECHNOLOGY ApS gone bankrupt?

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

What is the bankruptcy risk of SOURCE TECHNOLOGY ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of SOURCE TECHNOLOGY ApS?

James Daniel Gaston is the CEO of SOURCE TECHNOLOGY ApS.

Who is the auditor of SOURCE TECHNOLOGY ApS?

SOURCE TECHNOLOGY ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was SOURCE TECHNOLOGY ApS founded?

SOURCE TECHNOLOGY ApS was founded on 31 August 2006.

What is the equity of SOURCE TECHNOLOGY ApS?

Equity was DKK 58.0m 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.