FOLK OG VÆRK APS

CVR 34477833 · Private limited company (ApS) · Active · Very high risk

FOLK OG VÆRK APS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 12.9% over the next 12 months, which is 9.2 times the average for Danish companies. 13 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -504k and a net result of DKK -4.9m. CEO: Lars Klitgaard Hansen.

Bankruptcy risk for FOLK OG VÆRK APS

12.9%
probability of bankruptcy within 12 months
Very high risk

9.2 × the average (1.41%) · higher risk than 98% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · 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
34477833
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Willemoesgade 3, kl. tv
2100 København Ø
Municipality
København
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 80k
Employees
6 (2018)
Auditor
AAEN & CO. STATSAUTORISEREDE REVISORER P/S
Audit opted out
No

Warning signs

Annual reports filed late3 of 13
Missing annual reportNo
Negative equityYes
Equity ratio-23.3%
Current ratio79%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 2.6mDKK 4.6m
Net profitDKK -4.9mDKK 2.2m
EquityDKK -504kDKK 4.4m
Total assetsDKK 2.2mDKK 6.9m
CashDKK 49k–
Short-term debtDKK 2.7m–
Tax owedDKK 140k–
Avg. employees6–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Aaen &amp; Co. statsautoriserede revisorer p/s.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025189 Late
1 Jul 2023 – 30 Jun 2024190 Late
1 Jul 2022 – 30 Jun 2023192 Late
1 Jul 2021 – 30 Jun 2022180
1 Jul 2020 – 30 Jun 202191
1 Jul 2019 – 30 Jun 2020148
1 Jul 2018 – 30 Jun 2019172
1 Jul 2017 – 30 Jun 2018163
1 Jul 2016 – 30 Jun 2017144
1 Jul 2015 – 30 Jun 2016161
1 Jul 2014 – 30 Jun 2015169
1 Jul 2013 – 30 Jun 2014171
15 Mar 2012 – 30 Jun 2013171

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
CEOLars Klitgaard HansenCurrent
CEOMartin Meyer Nielsen
Owner (100%)Ocular Holding ApSCurrent
Owner (50%)Lars Klitgaard Hansen
Owner (50%)Martin Meyer Nielsen
AuditorAAEN & CO. STATSAUTORISEREDE REVISORER P/SCurrent
AuditorKALLERMANN REVISION A/S STATSAUTORISERET REVISIONSFIRMA
AuditorHANS HELGE ANDERSEN
FounderLars Klitgaard HansenCurrent
FounderMartin Meyer NielsenCurrent

The CEOs' other companies

Lars Klitgaard Hansen – 2 other companies, of which 1 bankrupt

Martin Meyer Nielsen – 3 other companies, of which 1 bankrupt

Address history (1 moves)

Willemoesgade 3, kl. tv, 2100 København Ø
Willemoesgade 3, kl., 2100 København Ø

Former names

FOLK OG VÆRK APS – now
OCULAR ApS –

Employees per year

Number of employees at FOLK OG VÆRK APS per year482012: 120122013: 520132014: 620142015: 720152016: 820162017: 320172018: 62018

Other companies at the same address

Similar companies in København

Questions and answers about FOLK OG VÆRK APS

Has FOLK OG VÆRK APS gone bankrupt?

No, FOLK OG VÆRK APS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of FOLK OG VÆRK APS?

Our model estimates a bankruptcy risk of 12.9% over the next 12 months (very high risk), which is 9.2 times the average for Danish companies.

Who is the CEO of FOLK OG VÆRK APS?

Lars Klitgaard Hansen is the CEO of FOLK OG VÆRK APS.

Who is the auditor of FOLK OG VÆRK APS?

FOLK OG VÆRK APS most recently used AAEN & CO. STATSAUTORISEREDE REVISORER P/S.

When was FOLK OG VÆRK APS founded?

FOLK OG VÆRK APS was founded on 15 March 2012.

What is the equity of FOLK OG VÆRK APS?

Equity was DKK -504k 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.