WORK ON ART ApS

CVR 34489114 · Private limited company (ApS) · Active · Medium risk

WORK ON ART ApS is a Private limited company (ApS), founded on , based in Sæby. The company is registered in the industry detailhandel med kunst mv.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 14 annual reports have been published, of which 12 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 76k and a net result of DKK 9,111.

Bankruptcy risk for WORK ON ART ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
34489114
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Algade 14
9300 Sæby
Municipality
Frederikshavn
Industry
Detailhandel med kunst mv. (476920)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 80k
Auditor
REVISIONVEST STATSAUTORISERET REVISIONSAKTIESELSKAB
Audit opted out
Yes

Warning signs

Annual reports filed late12 of 14
Missing annual reportNo
Negative equityNo
Equity ratio32.3%
Current ratio148%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 12kDKK 1,251DKK -20k
Net profitDKK 9,111DKK -24kDKK 42k
EquityDKK 76kDKK 67kDKK 91k
Total assetsDKK 234kDKK 213kDKK 202k
CashDKK 46kDKK 104k–
Short-term debtDKK 158kDKK 146k–
Tax owedDKK 2,574DKK 264–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025215 Late
1 Jan 2024 – 31 Dec 2024212 Late
1 Jan 2023 – 31 Dec 2023296 Late
1 Jan 2022 – 31 Dec 2022216 Late
1 Jan 2021 – 31 Dec 2021220 Late
1 Jan 2020 – 31 Dec 2020117
1 Jan 2019 – 31 Dec 2019293 Late
1 Jan 2018 – 31 Dec 2018205 Late
1 Jan 2017 – 31 Dec 2017213 Late
1 Jan 2016 – 31 Dec 2016212 Late
1 Jan 2015 – 31 Dec 2015213 Late
1 Jan 2014 – 31 Dec 2014198 Late
1 Jan 2013 – 31 Dec 2013184 Late
1 May 2012 – 31 Dec 2012181

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
CEOErik Kaare
Owner (100%)Erik KaareCurrent
FounderErik KaareCurrent
FounderJohn Henrik AndersenCurrent
FounderMichael ScheldeCurrent

The CEOs' other companies

Erik Kaare – 1 other companies

Address history (0 moves)

Algade 14, 9300 Sæby

Other companies at the same address

Similar companies in Frederikshavn

Questions and answers about WORK ON ART ApS

Has WORK ON ART ApS gone bankrupt?

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

What is the bankruptcy risk of WORK ON ART ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the auditor of WORK ON ART ApS?

WORK ON ART ApS most recently used REVISIONVEST STATSAUTORISERET REVISIONSAKTIESELSKAB.

When was WORK ON ART ApS founded?

WORK ON ART ApS was founded on 1 May 2012.

What is the equity of WORK ON ART ApS?

Equity was DKK 76k 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.