WESTERGAARD GARDINER - BOLIG FORM ApS

CVR 34688699 · Private limited company (ApS) · Active · Medium risk

WESTERGAARD GARDINER - BOLIG FORM ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n.. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 13 annual reports have been published. The latest annual report (31 Aug 2025) shows equity of DKK 274k and a net result of DKK -136k. CEO: Mads Ellyt Westergaard.

Bankruptcy risk for WESTERGAARD GARDINER - BOLIG FORM ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
34688699
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Tværgade 9
8600 Silkeborg
Municipality
Silkeborg
Industry
Detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n. (475590)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 80k
Employees
3 (2018)
Auditor
Deloitte Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 13
Missing annual reportNo
Negative equityNo
Equity ratio18.5%
Current ratio115%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.3mDKK 1.2mDKK 1.5m
Net profitDKK -136kDKK -232kDKK 30k
EquityDKK 274kDKK 610kDKK 1.0m
Total assetsDKK 1.5mDKK 1.7mDKK 2.2m
CashDKK 302kDKK 619k–
Short-term debtDKK 1.2mDKK 1.1m–
Avg. employees33–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025139
1 Sep 2023 – 31 Aug 2024109
1 Sep 2022 – 31 Aug 2023103
1 Sep 2021 – 31 Aug 2022106
1 Sep 2020 – 31 Aug 2021111
1 Sep 2019 – 31 Aug 2020108
1 Sep 2018 – 31 Aug 201993
1 Sep 2017 – 31 Aug 2018108
1 Sep 2016 – 31 Aug 2017112
1 Sep 2015 – 31 Aug 2016125
1 Sep 2014 – 31 Aug 2015126
1 Sep 2013 – 31 Aug 2014106
1 Sep 2012 – 31 Aug 2013179

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
CEOMads Ellyt WestergaardCurrent
Owner (50%)Mads Ellyt WestergaardCurrent
Owner (33%)Annalise WestergaardCurrent
Owner (33%)Bjarne Westergaard
FounderBjarne WestergaardCurrent
FounderMads Ellyt WestergaardCurrent

Address history (0 moves)

Tværgade 9, 8600 Silkeborg

Former names

WESTERGAARD GARDINER - BOLIG FORM ApS – now
WESTERGAARD GARDINER - BOLIG FORM ApS UNDER STIFTELSE –

Employees per year

Number of employees at WESTERGAARD GARDINER - BOLIG FORM ApS per year242012: 420122013: 420132014: 320142015: 320152016: 320162017: 320172018: 32018

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about WESTERGAARD GARDINER - BOLIG FORM ApS

Has WESTERGAARD GARDINER - BOLIG FORM ApS gone bankrupt?

No, WESTERGAARD GARDINER - BOLIG FORM ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of WESTERGAARD GARDINER - BOLIG FORM ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of WESTERGAARD GARDINER - BOLIG FORM ApS?

Mads Ellyt Westergaard is the CEO of WESTERGAARD GARDINER - BOLIG FORM ApS.

Who is the auditor of WESTERGAARD GARDINER - BOLIG FORM ApS?

WESTERGAARD GARDINER - BOLIG FORM ApS most recently used Deloitte Statsautoriseret Revisionspartnerselskab.

When was WESTERGAARD GARDINER - BOLIG FORM ApS founded?

WESTERGAARD GARDINER - BOLIG FORM ApS was founded on 16 August 2012.

What is the equity of WESTERGAARD GARDINER - BOLIG FORM ApS?

Equity was DKK 274k according to the annual report for the period ending 31 August 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.