TrueTech ApS

CVR 33576668 · Private limited company (ApS) · Active · Low risk

TrueTech ApS is a Private limited company (ApS), founded on , based in Skovlunde. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 14 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 604k and a net result of DKK 122k. CEO: Aftab Ahmed.

Bankruptcy risk for TrueTech ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
33576668
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Skovbyvej 16
2740 Skovlunde
Municipality
Ballerup
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 80k
Employees
2 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 14
Missing annual reportNo
Negative equityNo
Equity ratio59.4%
Current ratio196%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 588kDKK 614k
Net profitDKK 122kDKK -529k
EquityDKK 604kDKK 482k
Total assetsDKK 1.0mDKK 951k
CashDKK 172k–
Short-term debtDKK 413k–
Tax owedDKK 119k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025183
1 Jul 2023 – 30 Jun 2024169
1 Jul 2022 – 30 Jun 202395
1 Jul 2021 – 30 Jun 2022180
1 Jul 2020 – 30 Jun 2021168
1 Jul 2019 – 30 Jun 2020153
1 Jul 2018 – 30 Jun 201971
1 Jul 2017 – 30 Jun 2018155
1 Jul 2016 – 30 Jun 201797
1 Jul 2015 – 30 Jun 201667
1 Jul 2014 – 30 Jun 2015113
1 Jul 2013 – 30 Jun 2014189 Late
1 Jul 2012 – 30 Jun 2013174
9 Mar 2011 – 30 Jun 2012152

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
CEOAftab AhmedCurrent
Owner (100%)Instant Holding ApSCurrent
Owner (100%)Aftab Ahmed
AuditorSISR-ApS
FounderAftab AhmedCurrent

The CEOs' other companies

Aftab Ahmed – 1 other companies

Address history (7 moves)

Skovbyvej 16, 2740 Skovlunde
c/o Aftab Ahmed, Rosenørns Alle 31, 2., 1970 Frederiksberg C
c/o Aftab Ahmed, Skovbyvej 16, 2740 Skovlunde
c/o Aftab Ahmed, Østervej 9B, 2750 Ballerup
c/o Aftab Ahmed, Tåregårdsvej 49, 2750 Ballerup
c/o Aftab Ahmed, Fatningen 20, 3. 8, 2730 Herlev
Tinghøjvej 46, 4. 3, 2860 Søborg
Ydergrænsen 17, 2600 Glostrup

Former names

TrueTech ApS – now
INSTEQ ApS –
INSTANT IT SOLUTIONS ApS –

Employees per year

Number of employees at TrueTech ApS per year232011: 120112012: 120122013: 120132014: 220142015: 320152016: 320162017: 320172018: 22018

Other companies at the same address

Similar companies in Ballerup

Questions and answers about TrueTech ApS

Has TrueTech ApS gone bankrupt?

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

What is the bankruptcy risk of TrueTech ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of TrueTech ApS?

Aftab Ahmed is the CEO of TrueTech ApS.

When was TrueTech ApS founded?

TrueTech ApS was founded on 9 March 2011.

What is the equity of TrueTech ApS?

Equity was DKK 604k 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.