TURPTECH TOOLS ApS

CVR 34203946 · Private limited company (ApS) · Active · Low risk

TURPTECH TOOLS ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry andet specialiseret designarbejde. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 13 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 1.8m and a net result of DKK 1.7m. CEO: Kasper Rosenkvist Christensen.

Bankruptcy risk for TURPTECH TOOLS ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
34203946
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Tjelevej 38
7400 Herning
Municipality
Herning
Industry
Andet specialiseret designarbejde (741400)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 80k
Employees
2 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 13
Missing annual reportNo
Negative equityNo
Equity ratio45.7%
Current ratio183%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 3.6mDKK 3.5m
Net profitDKK 1.7mDKK 1.7m
EquityDKK 1.8mDKK 1.8m
Total assetsDKK 3.9mDKK 3.9m
CashDKK 2.6m–
Short-term debtDKK 2.1m–
Tax owedDKK 479k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025119
1 Jul 2023 – 30 Jun 2024162
1 Jul 2022 – 30 Jun 2023138
1 Jul 2021 – 30 Jun 2022159
1 Jul 2020 – 30 Jun 2021135
1 Jul 2019 – 30 Jun 2020126
1 Jul 2018 – 30 Jun 201985
1 Jul 2017 – 30 Jun 2018150
1 Jul 2016 – 30 Jun 2017154
1 Jul 2015 – 30 Jun 2016153
1 Jul 2014 – 30 Jun 2015149
1 Jul 2013 – 30 Jun 2014135
4 Jan 2012 – 30 Jun 2013109

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
CEOKasper Rosenkvist ChristensenCurrent
CEOMikael Horsmann
Owner (100%)P-M Group ApSCurrent
Owner (100%)PFERD INVEST ApS
AuditorREVIKON I/S
FounderPFERD INVEST ApSCurrent

The CEOs' other companies

Kasper Rosenkvist Christensen – 10 other companies

Mikael Horsmann – 4 other companies

Address history (1 moves)

Tjelevej 38, 7400 Herning
Jyllands Alle 12, 7700 Thisted

Employees per year

Number of employees at TURPTECH TOOLS ApS per year122012: 120122013: 220132014: 120142015: 120152016: 120162017: 220172018: 22018

Other companies at the same address

Similar companies in Herning

Questions and answers about TURPTECH TOOLS ApS

Has TURPTECH TOOLS ApS gone bankrupt?

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

What is the bankruptcy risk of TURPTECH TOOLS ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of TURPTECH TOOLS ApS?

Kasper Rosenkvist Christensen is the CEO of TURPTECH TOOLS ApS.

Who is the auditor of TURPTECH TOOLS ApS?

TURPTECH TOOLS ApS most recently used Beierholm.

When was TURPTECH TOOLS ApS founded?

TURPTECH TOOLS ApS was founded on 4 January 2012.

What is the equity of TURPTECH TOOLS ApS?

Equity was DKK 1.8m 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.