ADVANCED SUBSTRATE TECHNOLOGIES A/S

CVR 32350143 · Public limited company (A/S) · Active · Medium risk

ADVANCED SUBSTRATE TECHNOLOGIES A/S is a Public limited company (A/S), founded on , based in Randers SØ. The company is registered in the industry andre anlægsaktiviteter i.a.n.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 12 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 6.5m and a net result of DKK -1.6m.

Bankruptcy risk for ADVANCED SUBSTRATE TECHNOLOGIES A/S

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
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
32350143
Status
Active
Company type
Public limited company (A/S)
Founded
(12 years)
Address
Virkevangen 13
8960 Randers SØ
Municipality
Randers
Industry
Andre anlægsaktiviteter i.a.n. (429900)
Bankruptcies in the industry: Anlæg af ledningsnet til væsker
Share capital
DKK 6.6m
Employees
2 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 12
Missing annual reportNo
Negative equityNo
Equity ratio45.1%
Current ratio122%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -913kDKK -836kDKK 903k
Net profitDKK -1.6mDKK -1.9mDKK -1.9m
EquityDKK 6.5mDKK 2.5mDKK 4.4m
Total assetsDKK 14.3mDKK 10.1mDKK 9.4m
CashDKK 2.6mDKK 461–
Short-term debtDKK 7.9mDKK 7.6m–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024150
1 Jan 2023 – 31 Dec 2023149
1 Jan 2022 – 31 Dec 2022163
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020189 Late
1 Jan 2019 – 31 Dec 2019232 Late
1 Jan 2018 – 31 Dec 2018156
1 Jan 2017 – 31 Dec 2017184 Late
1 Jan 2016 – 31 Dec 2016152
1 Jan 2015 – 31 Dec 2015176
2 Jun 2014 – 31 Dec 201475

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
BoardPeter Damgaard NielsenCurrent
BoardSvend Kristian HoffCurrent
BoardSøren RasmussenCurrent
BoardSvend Kristian Hoff
BoardThor Jespersen
BoardHans Krog Nielsen
BoardLene Gerlach
BoardFlemming Bjerregaard Rasmussen
BoardFlemming Bjerregaard Rasmussen
BoardNiels Mikael Hald
BoardHans Krog Nielsen
BoardVera Birgitte Bille Berthelsen
BoardMikkel John Kjær Hansen
Owner (5%)DEA-CONSULT ApSCurrent
Owner (20%)FRANDSBJERG INVEST A/SCurrent
Owner (15%)ASSENTOFT ERHVERVS ApSCurrent
Owner (50%)ASSENTOFT HOLDING PDN ApSCurrent
Owner (20%)DEA-CONSULT ApS
Owner (25%)Styrelsen for Forskning og Uddannelse
Owner (20%)KROGMAL ApS
Owner (5%)BOREAN INNOVATION A/S
Owner (5%)SILO HOLDING ADN ApS
Owner (5%)ASSENTOFT HOLDING PDN ApS
Owner (25%)SILO HOLDING ADN ApS
Owner (25%)ASSENTOFT HOLDING PDN ApS
Owner (20%)SILO HOLDING ADN ApS
Owner (33%)ASSENTOFT HOLDING PDN ApS
Owner (50%)ASSENTOFT HOLDING PDN ApS
Owner (10%)DEA-CONSULT ApS
Owner (10%)SILO HOLDING ADN ApS
Owner (50%)ASSENTOFT HOLDING PDN ApS
Owner (20%)ASSENTOFT ERHVERVS ApS
Owner (33%)ASSENTOFT HOLDING PDN ApS
Owner (5%)SILO HOLDING ADN ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderDEA-CONSULT ApSCurrent
FounderBOREAN INNOVATION A/SCurrent

Address history (2 moves)

Virkevangen 13, 8960 Randers SØ
Niels Pedersens Alle 2, 8830 Tjele
Espelunden 13, 8300 Odder

Employees per year

Number of employees at ADVANCED SUBSTRATE TECHNOLOGIES A/S per year232014: 220142015: 220152016: 320162017: 320172018: 22018

Other companies at the same address

Similar companies in Randers

Questions and answers about ADVANCED SUBSTRATE TECHNOLOGIES A/S

Has ADVANCED SUBSTRATE TECHNOLOGIES A/S gone bankrupt?

No, ADVANCED SUBSTRATE TECHNOLOGIES A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of ADVANCED SUBSTRATE TECHNOLOGIES A/S?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the auditor of ADVANCED SUBSTRATE TECHNOLOGIES A/S?

ADVANCED SUBSTRATE TECHNOLOGIES A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was ADVANCED SUBSTRATE TECHNOLOGIES A/S founded?

ADVANCED SUBSTRATE TECHNOLOGIES A/S was founded on 2 June 2014.

What is the equity of ADVANCED SUBSTRATE TECHNOLOGIES A/S?

Equity was DKK 6.5m 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.