Moustgaard VVS ApS

CVR 31601290 · Private limited company (ApS) · Active · High risk

Moustgaard VVS ApS is a Private limited company (ApS), founded on , based in Sønder Omme. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 17 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -280k and a net result of DKK -355k. CEO: Kurt Moustgaard.

Bankruptcy risk for Moustgaard VVS ApS

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
31601290
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
Tolvalenvej 40
7260 Sønder Omme
Municipality
Billund
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 125k
Employees
7 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 17
Missing annual reportNo
Negative equityYes
Equity ratio-19.3%
Current ratio54%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -310kDKK -54k
Net profitDKK -355kDKK -269k
EquityDKK -280kDKK 75k
Total assetsDKK 1.5mDKK 1.8m
Short-term debtDKK 1.1m–
Avg. employees7–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025174
1 Oct 2023 – 30 Sep 2024182
1 Oct 2022 – 30 Sep 2023146
1 Oct 2021 – 30 Sep 2022161
1 Oct 2020 – 30 Sep 2021148
1 Oct 2019 – 30 Sep 2020149
1 Oct 2018 – 30 Sep 2019151
1 Oct 2017 – 30 Sep 2018149
1 Oct 2016 – 30 Sep 2017153
1 Oct 2015 – 30 Sep 2016165
1 Oct 2014 – 30 Sep 2015111
1 Oct 2013 – 30 Sep 2014143
1 Oct 2012 – 30 Sep 2013148
1 Oct 2011 – 30 Sep 201279
1 Oct 2010 – 30 Sep 2011167
1 Oct 2009 – 30 Sep 2010166
8 Jul 2008 – 30 Sep 2009194 Late

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
CEOKurt MoustgaardCurrent
Owner (100%)MOUSTGAARD HOLDING ApSCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorHELLE REVISIONSKONTOR ApS
FounderMOUSTGAARD HOLDING ApSCurrent

The CEOs' other companies

Kurt Moustgaard – 1 other companies

Address history (3 moves)

Tolvalenvej 40, 7260 Sønder Omme
Smedegade 2B, 7200 Grindsted
Smedegade 22B, 7200 Grindsted
Tolvalenvej 40, 7260 Sønder Omme

Former names

Moustgaard VVS ApS – now
STARUP SMEDE OG VVS ApS –
MOUSTGAARD VVS ApS –

Employees per year

Number of employees at Moustgaard VVS ApS per year472011: 420112012: 520122013: 520132014: 420142015: 720152016: 620162017: 620172018: 72018

Other companies at the same address

Similar companies in Billund

Questions and answers about Moustgaard VVS ApS

Has Moustgaard VVS ApS gone bankrupt?

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

What is the bankruptcy risk of Moustgaard VVS ApS?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Moustgaard VVS ApS?

Kurt Moustgaard is the CEO of Moustgaard VVS ApS.

When was Moustgaard VVS ApS founded?

Moustgaard VVS ApS was founded on 8 July 2008.

What is the equity of Moustgaard VVS ApS?

Equity was DKK -280k according to the annual report for the period ending 30 September 2025.

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