THE SIMPLE LIFE ApS

CVR 34897662 · Private limited company (ApS) · Active · Medium risk

THE SIMPLE LIFE ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry servering af mad i restauranter og caféer. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 13 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 201k and a net result of DKK 13k. CEO: Leone Giuseppe Iaria.

Bankruptcy risk for THE SIMPLE LIFE ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · 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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
34897662
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Bangs Boder 32
5000 Odense C
Municipality
Odense
Industry
Servering af mad i restauranter og caféer (561110)
Bankruptcies in the industry: Restauranter
Share capital
DKK 80k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 13
Missing annual reportNo
Negative equityNo
Equity ratio25.1%
Current ratio96%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 1.3mDKK 1.2m
Gross profitDKK 904kDKK 900k
Net profitDKK 13kDKK 9,714
EquityDKK 201kDKK 188k
Total assetsDKK 802kDKK 867k
CashDKK 494k–
Short-term debtDKK 601k–
Tax owedDKK 36k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025182
1 Oct 2023 – 30 Sep 2024169
1 Oct 2022 – 30 Sep 2023121
1 Oct 2021 – 30 Sep 2022130
1 Oct 2020 – 30 Sep 2021154
1 Oct 2019 – 30 Sep 2020158
1 Oct 2018 – 30 Sep 2019153
1 Oct 2017 – 30 Sep 2018128
1 Oct 2016 – 30 Sep 2017156
1 Oct 2015 – 30 Sep 2016180
1 Oct 2014 – 30 Sep 2015156
1 Oct 2013 – 30 Sep 2014138
28 Dec 2012 – 30 Sep 2013189 Late

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
CEOLeone Giuseppe IariaCurrent
Owner (100%)Leone Giuseppe IariaCurrent
Owner (100%)HOLDING 1989 ApS
AuditorFHR ApS
FounderHOLDING 1989 ApSCurrent

The CEOs' other companies

Leone Giuseppe Iaria – 2 other companies, of which 1 bankrupt

Address history (2 moves)

Bangs Boder 32, 5000 Odense C
Bangs Boder 32, 5000 Odense C
Sagasvej 8, 4700 Næstved

Employees per year

Number of employees at THE SIMPLE LIFE ApS per year122013: 020132014: 020142015: 120152016: 220162017: 020172018: 12018

Similar companies in Odense

Questions and answers about THE SIMPLE LIFE ApS

Has THE SIMPLE LIFE ApS gone bankrupt?

No, THE SIMPLE LIFE ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of THE SIMPLE LIFE ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of THE SIMPLE LIFE ApS?

Leone Giuseppe Iaria is the CEO of THE SIMPLE LIFE ApS.

When was THE SIMPLE LIFE ApS founded?

THE SIMPLE LIFE ApS was founded on 28 December 2012.

What is the equity of THE SIMPLE LIFE ApS?

Equity was DKK 201k according to the annual report for the period ending 30 September 2025.

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