CONNOVATE ApS

CVR 33378092 · Private limited company (ApS) · Active · Medium risk

CONNOVATE ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry engroshandel med træ og byggematerialer samt sanitetsartikler. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 15 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -11.6m and a net result of DKK -8.4m.

Bankruptcy risk for CONNOVATE ApS

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

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
33378092
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Silicavej 11
8000 Aarhus C
Municipality
Aarhus
Industry
Engroshandel med træ og byggematerialer samt sanitetsartikler (468300)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 100k
Employees
2 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 15
Missing annual reportNo
Negative equityYes
Equity ratio-232.2%
Current ratio8%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -4.1mDKK -3.9mDKK -2.3m
Net profitDKK -8.4mDKK -7.9mDKK -6.1m
EquityDKK -11.6mDKK -3.1mDKK 4.8m
Total assetsDKK 5.0mDKK 5.5mDKK 9.1m
CashDKK 1,054DKK 1,031–
Short-term debtDKK 16.5mDKK 8.6m–
Avg. employees32–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024104
1 Jan 2023 – 31 Dec 2023138
1 Jan 2022 – 31 Dec 2022145
1 Jan 2021 – 31 Dec 2021131
1 Jan 2020 – 31 Dec 2020141
1 Jan 2019 – 31 Dec 2019241 Late
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017120
1 Jan 2016 – 31 Dec 2016121
1 Jan 2015 – 31 Dec 2015169
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013271 Late
1 Jan 2012 – 31 Dec 2012163
23 Dec 2010 – 31 Dec 2011173

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
CEOBo Georg Serwin
BoardJacob WernbergCurrent
BoardTorben EnggaardCurrent
BoardRune HyllestedCurrent
BoardBo Georg Serwin
BoardTorben Enggaard
BoardPeter Hartmann Berg
BoardOle Aaen
BoardThomas Carstens
BoardJørgen Bach
BoardKim Risager
BoardKim Risager
BoardPeter Hartmann Berg
Owner (100%)Ambercon Holding ApSCurrent
Owner (50%)Pankon ApS
Owner (50%)SØNDER SKOVGAARD ApS
Owner (50%)Sønder Skovgaard II A/S
Owner (50%)SØNDER SKOVGAARD ApS
Owner (50%)Ambercon Holding ApS
Owner (50%)Pankon ApS
Owner (50%)Ambercon Holding ApS
Owner (33%)Ambercon Holding ApS
Owner (5%)Imperial Homes Corporation
Owner (50%)Pankon ApS
Owner (33%)Ambercon Holding ApS
Owner (5%)Imperial Homes Corporation
Owner (50%)Pankon ApS
Owner (33%)Ambercon Holding ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderContec Management ApSCurrent
FounderPankon ApSCurrent
FounderAMBERCON A/SCurrent

The CEOs' other companies

Bo Georg Serwin – 13 other companies, of which 3 bankrupt

Address history (3 moves)

Silicavej 11, 8000 Aarhus C
Silicavej 11, 8000 Aarhus C
Juelstrupparken 23, 9530 Støvring
Frederiksgade 32, 8000 Aarhus C

Employees per year

Number of employees at CONNOVATE ApS per year242014: 220142015: 220152016: 420162017: 220172018: 22018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about CONNOVATE ApS

Has CONNOVATE ApS gone bankrupt?

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

What is the bankruptcy risk of CONNOVATE ApS?

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 CONNOVATE ApS?

CONNOVATE ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was CONNOVATE ApS founded?

CONNOVATE ApS was founded on 23 December 2010.

What is the equity of CONNOVATE ApS?

Equity was DKK -11.6m 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.