GLASTECH COMPOSITE ApS

CVR 31853311 · Private limited company (ApS) · Active · Low risk

GLASTECH COMPOSITE ApS is a Private limited company (ApS), founded on , based in Kerteminde. The company is registered in the industry reparation og vedligeholdelse af civile skibe og både. 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, of which 4 more than six months after the end of the financial year. The latest annual report (31 Mar 2026) shows equity of DKK 4.1m and a net result of DKK 69k. CEO: Henrik Mortensen.

Bankruptcy risk for GLASTECH COMPOSITE 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

Municipality changes3+ · bankruptcy rate 10.6%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

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 since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
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
31853311
Status
Active
Company type
Private limited company (ApS)
Founded
(17 years)
Address
Søndre Havnekaj 19
5300 Kerteminde
Municipality
Kerteminde
Industry
Reparation og vedligeholdelse af civile skibe og både (331500)
Bankruptcies in the industry: Reparation af maskiner
Share capital
DKK 125k
Employees
76 (2018)
Auditor
VH REVISION REGISTREREDE REVISORER ApS
Audit opted out
No

Warning signs

Annual reports filed late3 of 18
Missing annual reportNo
Negative equityNo
Equity ratio36.4%
Current ratio179%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK 3.0mDKK 3.1mDKK 4.6m
Net profitDKK 69kDKK 625kDKK 1.5m
EquityDKK 4.1mDKK 4.0mDKK 3.4m
Total assetsDKK 11.3mDKK 10.8mDKK 10.9m
CashDKK 985kDKK 421k–
Short-term debtDKK 3.0mDKK 2.8m–
Tax owedDKK 28kDKK 172k–
Avg. employees65–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · VH Revision Registrerede Revisorer ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026154
1 Apr 2024 – 31 Mar 2025185 Late
1 Apr 2023 – 31 Mar 2024165
1 Apr 2022 – 31 Mar 2023158
1 Apr 2021 – 31 Mar 2022188 Late
1 Apr 2020 – 31 Mar 2021184 Late
1 Apr 2019 – 31 Mar 2020230 Late
1 Apr 2018 – 31 Mar 2019152
1 Apr 2017 – 31 Mar 2018150
1 Apr 2016 – 31 Mar 2017151
1 Apr 2015 – 31 Mar 2016154
1 Apr 2014 – 31 Mar 2015161
1 Apr 2013 – 31 Mar 2014150
1 Apr 2012 – 31 Mar 2013157
1 Apr 2011 – 31 Mar 2012146
1 Apr 2010 – 31 Mar 201198
1 Apr 2009 – 31 Mar 201092
18 Nov 2008 – 31 Mar 2009160

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
CEOHenrik MortensenCurrent
Owner (50%)GLASTECH HOLDING ApSCurrent
Owner (33%)H2 Holding Odense ApSCurrent
Owner (100%)GLASTECH HOLDING ApS
AuditorVH REVISION REGISTREREDE REVISORER ApSCurrent
FounderGLASTECH HOLDING ApSCurrent

The CEOs' other companies

Henrik Mortensen – 8 other companies, of which 1 bankrupt

Address history (4 moves)

Søndre Havnekaj 19, 5300 Kerteminde
Ny Stenderupvej 7, 5672 Broby
Pårupvej 37, 5540 Ullerslev
Lunden 63, 5320 Agedrup
Stenløsevej 111, 5260 Odense S

Employees per year

Number of employees at GLASTECH COMPOSITE ApS per year38762011: 020112012: 220122013: 2820132014: 4020142015: 7220152016: 7420162017: 6320172018: 762018

Other companies at the same address

Similar companies in Kerteminde

Questions and answers about GLASTECH COMPOSITE ApS

Has GLASTECH COMPOSITE ApS gone bankrupt?

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

What is the bankruptcy risk of GLASTECH COMPOSITE 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 GLASTECH COMPOSITE ApS?

Henrik Mortensen is the CEO of GLASTECH COMPOSITE ApS.

Who is the auditor of GLASTECH COMPOSITE ApS?

GLASTECH COMPOSITE ApS most recently used VH REVISION REGISTREREDE REVISORER ApS.

When was GLASTECH COMPOSITE ApS founded?

GLASTECH COMPOSITE ApS was founded on 18 November 2008.

What is the equity of GLASTECH COMPOSITE ApS?

Equity was DKK 4.1m according to the annual report for the period ending 31 March 2026.

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