VHB ApS

CVR 35040935 · Private limited company (ApS) · Active · Low risk

VHB ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry industrielt design og modedesign. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 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 (31 Dec 2025) shows equity of DKK -456k and a net result of DKK -75k. CEO: Villy Hyldgaard Bertelsen.

Bankruptcy risk for VHB ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
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×

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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Registered owners4+ · bankruptcy rate 5.7%0.65×
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
35040935
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Sundsvej 66
7400 Herning
Municipality
Herning
Industry
Industrielt design og modedesign (741100)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 80k
Auditor
PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 13
Missing annual reportNo
Negative equityYes
Equity ratio-124.5%
Current ratio1%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -19kDKK -76k
Net profitDKK -75kDKK -141k
EquityDKK -456kDKK -382k
Total assetsDKK 367kDKK 426k
CashDKK 947–
Short-term debtDKK 823k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025118
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023109
1 Jan 2022 – 31 Dec 202298
1 Jan 2021 – 31 Dec 202198
1 Jan 2020 – 31 Dec 2020106
1 Jan 2019 – 31 Dec 2019139
1 Jan 2018 – 31 Dec 2018127
1 Jan 2017 – 31 Dec 201772
1 Jan 2016 – 31 Dec 2016135
1 Jan 2015 – 31 Dec 2015154
1 Jan 2014 – 31 Dec 2014160
13 Feb 2013 – 31 Dec 2013134

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
CEOVilly Hyldgaard BertelsenCurrent
Owner (20%)Joan Hyldgaard JespersenCurrent
Owner (20%)Villy Hyldgaard BertelsenCurrent
Owner (20%)Lone Bruun RasmussenCurrent
Owner (20%)Heidi Dilling RoesgaardCurrent
Owner (20%)Morten DillingCurrent
Owner (100%)BERTELSEN HOLDING HERNING A/S
Owner (20%)Morten Dilling
Owner (20%)AOVM Companys ApS
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderVilly Hyldgaard BertelsenCurrent

The CEOs' other companies

Villy Hyldgaard Bertelsen – 5 other companies

Address history (0 moves)

Sundsvej 66, 7400 Herning

Similar companies in Herning

Questions and answers about VHB ApS

Has VHB ApS gone bankrupt?

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

What is the bankruptcy risk of VHB ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of VHB ApS?

Villy Hyldgaard Bertelsen is the CEO of VHB ApS.

Who is the auditor of VHB ApS?

VHB ApS most recently used PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

When was VHB ApS founded?

VHB ApS was founded on 13 February 2013.

What is the equity of VHB ApS?

Equity was DKK -456k 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.