KARMA HERNING CITY ApS

CVR 32887694 · Private limited company (ApS) · Active · Medium risk

KARMA HERNING CITY ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry servering af mad i restauranter og caféer. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 15 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 215k and a net result of DKK 64k. CEO: Mustafa Ramazan Catalgøl.

Bankruptcy risk for KARMA HERNING CITY ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Gross profit growth10%–30% · 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
32887694
Status
Active
Company type
Private limited company (ApS)
Founded
(16 years)
Address
Weysesvej 4
7400 Herning
Municipality
Herning
Industry
Servering af mad i restauranter og caféer (561110)
Bankruptcies in the industry: Restauranter
Share capital
DKK 80k
Employees
23 (2018)
Auditor
Partner Revision statsautoriseret revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late5 of 15
Missing annual reportNo
Negative equityNo
Equity ratio18.6%
Current ratio95%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.8mDKK 1.4m
Net profitDKK 64kDKK -516k
EquityDKK 215kDKK 151k
Total assetsDKK 1.2mDKK 992k
CashDKK 259k–
Short-term debtDKK 939k–
Avg. employees8–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Partner Revision, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025197 Late
1 Jul 2023 – 30 Jun 2024173
1 Jul 2022 – 30 Jun 2023215 Late
1 Jul 2021 – 30 Jun 2022215 Late
1 Jul 2020 – 30 Jun 2021174
1 Jul 2019 – 30 Jun 2020154
1 Jul 2018 – 30 Jun 201952
1 Jul 2017 – 30 Jun 2018174
1 Jul 2016 – 30 Jun 2017173
1 Jul 2015 – 30 Jun 2016165
1 Jul 2014 – 30 Jun 2015155
1 Jul 2013 – 30 Jun 2014176
1 Jul 2012 – 30 Jun 2013195 Late
1 Jul 2011 – 30 Jun 2012194 Late
29 Apr 2010 – 30 Jun 2011174

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
CEOMustafa Ramazan CatalgølCurrent
CEOKiritharan Ulaganathan
Owner (100%)CATALGØL HOLDING ApSCurrent
Owner (100%)ULAGANATHAN HOLDING ApS
AuditorPartner Revision statsautoriseret revisionsaktieselskabCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorPartner Revision statsautoriseret revisionsaktieselskab
FounderULAGANATHAN HOLDING ApSCurrent

The CEOs' other companies

Mustafa Ramazan Catalgøl – 7 other companies

Kiritharan Ulaganathan – 1 other companies

Address history (6 moves)

Weysesvej 4, 7400 Herning
Cypresvej 6, 7400 Herning
c/o Catalgøl Holding ApS, Taksvej 28E, 7400 Herning
Merkurvej 55, 7400 Herning
c/o Ramazan Mustafa Catalgøl, Sønderagervej 24, 3. th, 7400 Herning
Østergade 22C, st. mf, 7400 Herning
Østergade 22C, 7400 Herning

Former names

KARMA HERNING CITY ApS – now
KARMA HERNING ApS –

Employees per year

Number of employees at KARMA HERNING CITY ApS per year23452011: 1520112012: 1820122013: 3020132014: 4520142015: 2620152016: 2020162017: 1920172018: 232018

Other companies at the same address

Similar companies in Herning

Questions and answers about KARMA HERNING CITY ApS

Has KARMA HERNING CITY ApS gone bankrupt?

No, KARMA HERNING CITY ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KARMA HERNING CITY ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of KARMA HERNING CITY ApS?

Mustafa Ramazan Catalgøl is the CEO of KARMA HERNING CITY ApS.

Who is the auditor of KARMA HERNING CITY ApS?

KARMA HERNING CITY ApS most recently used Partner Revision statsautoriseret revisionsaktieselskab.

When was KARMA HERNING CITY ApS founded?

KARMA HERNING CITY ApS was founded on 29 April 2010.

What is the equity of KARMA HERNING CITY ApS?

Equity was DKK 215k according to the annual report for the period ending 30 June 2025.

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