VAR2 PHARMACEUTICALS ApS

CVR 34621942 · Private limited company (ApS) · Active · Low risk

VAR2 PHARMACEUTICALS ApS is a Private limited company (ApS), founded on , based in Frederiksberg. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 14 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 82.0m and a net result of DKK -19.7m. CEO: Ali El-Salanti, Mads Daugaard.

Bankruptcy risk for VAR2 PHARMACEUTICALS ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
34621942
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
c/o Symbion Fuglebakken, Nordre Fasanvej 215
2000 Frederiksberg
Municipality
Frederiksberg
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 118k
Employees
11 (2018)
Auditor
PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 14
Missing annual reportNo
Negative equityNo
Equity ratio95.7%
Current ratio2,360%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address111
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -21.7mDKK -22.7mDKK -22.3m
Net profitDKK -19.7mDKK -21.0mDKK -19.1m
EquityDKK 82.0mDKK 64.5mDKK 48.3m
Total assetsDKK 85.7mDKK 66.7mDKK 59.3m
CashDKK 48.0mDKK 41.3m–
Short-term debtDKK 3.4mDKK 1.9m–
Avg. employees78–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PKF Munkebo Eriksen Funch, Statsautoriseret Revisions­aktie­selskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025159
1 Jan 2024 – 31 Dec 2024147
1 Jan 2023 – 31 Dec 2023148
1 Jan 2022 – 31 Dec 2022153
1 Jan 2021 – 31 Dec 2021110
1 Jan 2020 – 31 Dec 2020179
1 Jan 2019 – 31 Dec 2019125
1 Jan 2018 – 31 Dec 2018143
1 Jan 2017 – 31 Dec 2017151
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013152
1 Jun 2012 – 31 Dec 2012147

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
CEOAli El-SalantiCurrent
CEOMads DaugaardCurrent
CEOThor Grundtvig Theander
CEOUlf Andreas Linderoth Norlin
BoardThor Grundtvig TheanderCurrent
BoardAli El-SalantiCurrent
BoardMads DaugaardCurrent
BoardPeter SchröcksnadelCurrent
BoardPoul Henrik Bredahl SørensenCurrent
BoardJosef RainerCurrent
BoardTanja RainerCurrent
BoardSilviya StoykovaCurrent
BoardMai-Britt Zocca
Owner (5%)Københavns UniversitetCurrent
Owner (90%)ONCOMAL ApSCurrent
AuditorPKF Munkebo Eriksen Funch, Statsautoriseret RevisionsaktieselskabCurrent
FounderONCOMAL ApSCurrent
FounderKøbenhavns UniversitetCurrent

The CEOs' other companies

Ali El-Salanti – 4 other companies

Mads Daugaard – 4 other companies

Thor Grundtvig Theander – 4 other companies

Address history (1 moves)

c/o Symbion Fuglebakken, Nordre Fasanvej 215, 2000 Frederiksberg
c/o Cobis A/S, Ole Maaløes Vej 3, 2200 København N

Employees per year

Number of employees at VAR2 PHARMACEUTICALS ApS per year6112014: 120142015: 120152016: 320162017: 820172018: 112018

Other companies at the same address

Similar companies in Frederiksberg

Questions and answers about VAR2 PHARMACEUTICALS ApS

Has VAR2 PHARMACEUTICALS ApS gone bankrupt?

No, VAR2 PHARMACEUTICALS ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of VAR2 PHARMACEUTICALS ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of VAR2 PHARMACEUTICALS ApS?

Ali El-Salanti, Mads Daugaard are the CEOs of VAR2 PHARMACEUTICALS ApS.

Who is the auditor of VAR2 PHARMACEUTICALS ApS?

VAR2 PHARMACEUTICALS ApS most recently used PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab.

When was VAR2 PHARMACEUTICALS ApS founded?

VAR2 PHARMACEUTICALS ApS was founded on 1 June 2012.

What is the equity of VAR2 PHARMACEUTICALS ApS?

Equity was DKK 82.0m 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.