AVANCE INTERNATIONAL A/S

CVR 33947437 · Public limited company (A/S) · Active · Low risk

AVANCE INTERNATIONAL A/S is a Public limited company (A/S), founded on , based in Herning. The company is registered in the industry engroshandel med radio og tv, fotografiske og optiske artikler. Our model estimates a bankruptcy risk of 0.6% 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 (31 Dec 2025) shows equity of DKK -557k and a net result of DKK -246k. CEO: Yongmei Liang.

Bankruptcy risk for AVANCE INTERNATIONAL A/S

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
33947437
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Hedelandsvej 11
7400 Herning
Municipality
Herning
Industry
Engroshandel med radio og tv, fotografiske og optiske artikler (464320)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 14
Missing annual reportNo
Negative equityYes
Equity ratio-19.4%
Current ratio7%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -171kDKK -67k
Net profitDKK -246kDKK -111k
EquityDKK -557kDKK -310k
Total assetsDKK 2.9mDKK 2.9m
CashDKK 3,840–
Short-term debtDKK 3.4m–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025139
1 Jan 2024 – 31 Dec 2024166
1 Jan 2023 – 31 Dec 202381
1 Jan 2022 – 31 Dec 2022143
1 Jan 2021 – 31 Dec 2021143
1 Jan 2020 – 31 Dec 2020141
1 Jan 2019 – 31 Dec 2019235 Late
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017152
1 Jan 2016 – 31 Dec 2016151
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014150
1 Jan 2013 – 31 Dec 2013141
9 Sep 2011 – 31 Dec 2012154

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
CEOYongmei LiangCurrent
BoardChihua WuCurrent
BoardYongmei LiangCurrent
BoardZiqi WuCurrent
Owner (100%)Chihua WuCurrent
Owner (100%)Chihua Wu
FounderChihua WuCurrent

Address history (3 moves)

Hedelandsvej 11, 7400 Herning
c/o Bech-Bruun, Langelinie Allé 35, 2100 København Ø
Hedelandsvej 11, 7400 Herning
c/o Bech-Bruun, Langelinie Allé 35, 2100 København Ø

Other companies at the same address

Similar companies in Herning

Questions and answers about AVANCE INTERNATIONAL A/S

Has AVANCE INTERNATIONAL A/S gone bankrupt?

No, AVANCE INTERNATIONAL A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of AVANCE INTERNATIONAL A/S?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of AVANCE INTERNATIONAL A/S?

Yongmei Liang is the CEO of AVANCE INTERNATIONAL A/S.

When was AVANCE INTERNATIONAL A/S founded?

AVANCE INTERNATIONAL A/S was founded on 9 September 2011.

What is the equity of AVANCE INTERNATIONAL A/S?

Equity was DKK -557k 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.