HERTZ MUSIC Aps

CVR 34621179 · Private limited company (ApS) · Active · Medium risk

HERTZ MUSIC Aps is a Private limited company (ApS), founded on , based in Næstved. The company is registered in the industry detailhandel med musikinstrumenter. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 13 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.1m and a net result of DKK -86k. CEO: Morten Hertz.

Bankruptcy risk for HERTZ MUSIC Aps

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
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
34621179
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Farimagsvej 6A tv
4700 Næstved
Municipality
Næstved
Industry
Detailhandel med musikinstrumenter (476910)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 500k
Employees
3 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 13
Missing annual reportNo
Negative equityNo
Equity ratio46.7%
Current ratio448%
Moves (last 2 years)2
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 632kDKK 831kDKK 707k
Net profitDKK -86kDKK 57kDKK 174k
EquityDKK 1.1mDKK 1.2mDKK 1.1m
Total assetsDKK 2.5mDKK 2.7mDKK 2.3m
CashDKK 2,598DKK 346–
Short-term debtDKK 547kDKK 640k–
Avg. employees22–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025156
1 Jan 2024 – 31 Dec 2024205 Late
1 Jan 2023 – 31 Dec 2023184 Late
1 Jan 2022 – 31 Dec 2022186 Late
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019248 Late
1 Jan 2018 – 31 Dec 2018172
1 Jan 2017 – 31 Dec 2017176
1 Jan 2016 – 31 Dec 2016163
1 Jan 2015 – 31 Dec 2015167
1 Jan 2014 – 31 Dec 2014168
20 Jul 2012 – 31 Dec 2013155

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
CEOMorten HertzCurrent
BoardMorten HertzCurrent
BoardJonas Hertz
BoardJan Henrik Bolberg Pedersen
BoardJoan Lenda Andreasen
BoardNiels Henrik Schjødt Ankersen
Owner (100%)Morten HertzCurrent
AuditorRonas ApS
FounderMorten HertzCurrent

The CEOs' other companies

Morten Hertz – 1 other companies

Address history (3 moves)

Farimagsvej 6A tv, 4700 Næstved
c/o Scandinavian Strings, Farimagsvej 6A tv, 4700 Næstved
c/o Scandinavian Strings, Nørrevej 9, 4180 Sorø
Tuelsborgvej 3, 4180 Sorø

Former names

HERTZ MUSIC Aps – now
HERTZ MUSIC A/S –

Employees per year

Number of employees at HERTZ MUSIC Aps per year232013: 220132014: 220142015: 320152016: 320162017: 220172018: 32018

Questions and answers about HERTZ MUSIC Aps

Has HERTZ MUSIC Aps gone bankrupt?

No, HERTZ MUSIC Aps is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of HERTZ MUSIC Aps?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of HERTZ MUSIC Aps?

Morten Hertz is the CEO of HERTZ MUSIC Aps.

When was HERTZ MUSIC Aps founded?

HERTZ MUSIC Aps was founded on 20 July 2012.

What is the equity of HERTZ MUSIC Aps?

Equity was DKK 1.1m 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.