ESTATE X ApS

CVR 34477671 · Private limited company (ApS) · Active · Low risk

ESTATE X ApS is a Private limited company (ApS), founded on , based in Ringe. The company is registered in the industry udlejning af erhvervsejendomme. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 13 annual reports have been published, of which 7 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.4m and a net result of DKK 392k. CEO: Martin Johan Justesen.

Bankruptcy risk for ESTATE X ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
CEOs in total (historical)5+ · 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×
Number of auditors (historical)2 · 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
34477671
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Bøjdenvejen 109
5750 Ringe
Municipality
Faaborg-Midtfyn
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 80k
Auditor
RevisionsFirmaet Edelbo Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late7 of 13
Missing annual reportNo
Negative equityNo
Equity ratio30.1%
Current ratio86%
Moves (last 2 years)0
CEO changes in total8
CEO's previous bankruptcies1
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 984kDKK 1.1mDKK 1.1m
Net profitDKK 392kDKK 492kDKK 355k
EquityDKK 1.4mDKK 9.4mDKK 8.9m
Total assetsDKK 4.7mDKK 11.0mDKK 10.8m
CashDKK 25kDKK 12k–
Short-term debtDKK 2.2m––
Tax owedDKK 95kDKK 146k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · RevisionsFirmaet Edelbo Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024195 Late
1 Jan 2023 – 31 Dec 2023194 Late
1 Jan 2022 – 31 Dec 2022188 Late
1 Jan 2021 – 31 Dec 2021193 Late
1 Jan 2020 – 31 Dec 2020197 Late
1 Jan 2019 – 31 Dec 2019244 Late
1 Jan 2018 – 31 Dec 2018148
1 Jan 2017 – 31 Dec 201737
1 Jan 2016 – 31 Dec 2016165
1 Jan 2015 – 31 Dec 2015153
1 Jul 2013 – 31 Dec 2014153
14 Apr 2012 – 30 Jun 2013163

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
CEOMartin Johan JustesenCurrent
CEOTomas Malling
CEOKim Skat Nielsen
CEOFrederik Bjergø Malling
CEOJesper Tobias Nyborg
Owner (100%)INVENT HOLDING A/SCurrent
Owner (100%)Bruno Hansen Furniture DK ApS
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorREVISIONSFIRMAET EDELBO STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderINVENT HOLDING A/SCurrent

The CEOs' other companies

Martin Johan Justesen – 21 other companies, of which 7 bankrupt

Tomas Malling – 12 other companies, of which 5 bankrupt

Kim Skat Nielsen – 20 other companies, of which 4 bankrupt

Frederik Bjergø Malling – 7 other companies, of which 1 bankrupt

Jesper Tobias Nyborg – 9 other companies

Address history (0 moves)

Bøjdenvejen 109, 5750 Ringe

Other companies at the same address

Similar companies in Faaborg-Midtfyn

Questions and answers about ESTATE X ApS

Has ESTATE X ApS gone bankrupt?

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

What is the bankruptcy risk of ESTATE X ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of ESTATE X ApS?

Martin Johan Justesen is the CEO of ESTATE X ApS.

Who is the auditor of ESTATE X ApS?

ESTATE X ApS most recently used RevisionsFirmaet Edelbo Statsautoriseret Revisionspartnerselskab.

When was ESTATE X ApS founded?

ESTATE X ApS was founded on 14 April 2012.

What is the equity of ESTATE X ApS?

Equity was DKK 1.4m 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.