KVISTGAARD+LETH ApS

CVR 31781000 · Private limited company (ApS) · Active · Low risk

KVISTGAARD+LETH ApS is a Private limited company (ApS), founded on , based in Hurup Thy. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 17 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.9m and a net result of DKK -48k. CEO: Ole Leth, Rasmus Kvistgaard Leth.

Bankruptcy risk for KVISTGAARD+LETH ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
31781000
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
Bogfinkevej 6
7760 Hurup Thy
Municipality
Thisted
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 150k
Auditor
Roesgaard
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 17
Missing annual reportNo
Negative equityNo
Equity ratio95.3%
Current ratio2,131%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Net profitDKK -48kDKK 28kDKK -13k
EquityDKK 1.9mDKK 1.9mDKK 1.9m
Total assetsDKK 2.0mDKK 2.0mDKK 2.0m
CashDKK 2.0mDKK 2.0m–
Short-term debtDKK 93kDKK 91k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 2024175
1 Jan 2023 – 31 Dec 2023156
1 Jan 2022 – 31 Dec 202255
1 Jan 2021 – 31 Dec 2021146
1 Jan 2020 – 31 Dec 202096
1 Jan 2019 – 31 Dec 2019119
1 Jan 2018 – 31 Dec 201878
1 Jan 2017 – 31 Dec 201765
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 201498
1 Jan 2013 – 31 Dec 2013153
1 Jan 2012 – 31 Dec 2012152
1 Jan 2011 – 31 Dec 2011150
1 Jan 2010 – 31 Dec 2010158
24 Oct 2008 – 31 Dec 2009147

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
CEOOle LethCurrent
CEORasmus Kvistgaard LethCurrent
CEOMarianne Renner Kvistgaard Leth
Owner (100%)Kvistgaard Leth Holding 2025 ApSCurrent
Owner (100%)Kvistgaard Leth Holding ApS
AuditorKPSR I/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKvistgaard Leth Holding ApSCurrent

The CEOs' other companies

Ole Leth – 6 other companies, of which 1 bankrupt

Rasmus Kvistgaard Leth – 2 other companies

Marianne Renner Kvistgaard Leth – 1 other companies

Address history (0 moves)

Bogfinkevej 6, 7760 Hurup Thy

Other companies at the same address

Similar companies in Thisted

Questions and answers about KVISTGAARD+LETH ApS

Has KVISTGAARD+LETH ApS gone bankrupt?

No, KVISTGAARD+LETH ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KVISTGAARD+LETH 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 KVISTGAARD+LETH ApS?

Ole Leth, Rasmus Kvistgaard Leth are the CEOs of KVISTGAARD+LETH ApS.

Who is the auditor of KVISTGAARD+LETH ApS?

KVISTGAARD+LETH ApS most recently used Roesgaard.

When was KVISTGAARD+LETH ApS founded?

KVISTGAARD+LETH ApS was founded on 24 October 2008.

What is the equity of KVISTGAARD+LETH ApS?

Equity was DKK 1.9m 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.