The Army Painter ApS

CVR 30720121 · Private limited company (ApS) · Active · Low risk

The Army Painter ApS is a Private limited company (ApS), founded on , based in Skanderborg. The company is registered in the industry detailhandel med andre kulturelle artikler i.a.n. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 18 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 68.4m and a net result of DKK 36.9m. CEO: Palle Børlum Winther.

Bankruptcy risk for The Army Painter ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · 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
30720121
Status
Active
Company type
Private limited company (ApS)
Founded
(19 years)
Address
Niels Bohrs Vej 34
8660 Skanderborg
Municipality
Skanderborg
Industry
Detailhandel med andre kulturelle artikler i.a.n (476990)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 125k
Employees
52 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 18
Missing annual reportNo
Negative equityNo
Equity ratio49.8%
Current ratio192%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 96.7mDKK 84.4m
Net profitDKK 36.9mDKK 37.6m
EquityDKK 68.4mDKK 66.5m
Total assetsDKK 137.3mDKK 98.3m
CashDKK 12.5m–
Short-term debtDKK 67.8m–
Tax owedDKK 10.4m–
Avg. employees78–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · DeloitteStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202555
1 Jan 2024 – 31 Dec 202457
1 Jan 2023 – 31 Dec 202359
1 Jan 2022 – 31 Dec 2022135
1 Jan 2021 – 31 Dec 2021179
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019161
1 Jan 2018 – 31 Dec 201898
1 Jan 2017 – 31 Dec 2017151
1 Jan 2016 – 31 Dec 2016110
1 Jan 2015 – 31 Dec 2015118
1 Jan 2014 – 31 Dec 2014120
1 Jan 2013 – 31 Dec 2013142
1 Jan 2012 – 31 Dec 2012119
1 Jan 2011 – 31 Dec 201187
1 Jan 2010 – 31 Dec 2010109
1 Jan 2009 – 31 Dec 2009153
5 Jul 2007 – 31 Dec 2008153

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
CEOPalle Børlum WintherCurrent
CEOJonas Kristian Færing
CEOBo Mørck
CEOBo Mørck
BoardLars PrisakCurrent
BoardLasse Hadberg LyngeCurrent
BoardJeppe Kallesøe OdefeyCurrent
BoardSøren Torp LaursenCurrent
BoardJens Jørgen Hahn-PetersenCurrent
BoardBo MørckCurrent
BoardLine Nymann Penstoft
BoardJens Jørgen Hahn-Petersen
BoardJoachim Lindkvist
Owner (100%)The Army Painter Group ApSCurrent
Owner (100%)SHADOW GROUP ApS
Owner (50%)MØRCK INVEST ApS
Owner (50%)FÆRING HOLDING ApS
Owner (100%)MØRCK INVEST ApS
Owner (100%)Mørck Family Holding ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorRD AF 2. NOVEMBER 2008 ApS
AuditorKOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorREVISORERNE I/S
AuditorALKE 2019 APS
AuditorRevision Ry & Hammel Godkendt Revisionsaktieselskab
AuditorKreston SR STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderJonas Kristian FæringCurrent
FounderBo MørckCurrent

The CEOs' other companies

Palle Børlum Winther – 5 other companies, of which 1 bankrupt

Jonas Kristian Færing – 7 other companies

Bo Mørck – 15 other companies

Address history (3 moves)

Niels Bohrs Vej 34, 8660 Skanderborg
c/o Bo Penstoft, Christiansmindevej 12, 8660 Skanderborg
c/o Bo Penstoft, Nydamsvej 1, 8362 Hørning
c/o Bo Penstoft, Adslev Hedevej 5, 8362 Hørning

Former names

The Army Painter ApS – now
THE ARMY-PAINTER ApS –

Employees per year

Number of employees at The Army Painter ApS per year26522011: 220112012: 020122013: 420132014: 320142015: 320152016: 220162017: 220172018: 522018

Other companies at the same address

Similar companies in Skanderborg

Questions and answers about The Army Painter ApS

Has The Army Painter ApS gone bankrupt?

No, The Army Painter ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of The Army Painter ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of The Army Painter ApS?

Palle Børlum Winther is the CEO of The Army Painter ApS.

Who is the auditor of The Army Painter ApS?

The Army Painter ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was The Army Painter ApS founded?

The Army Painter ApS was founded on 5 July 2007.

What is the equity of The Army Painter ApS?

Equity was DKK 68.4m 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.