WESTERGAARD DEVELOPMENT ApS

CVR 35211748 · Private limited company (ApS) · Active · Low risk

WESTERGAARD DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Bramming. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 12 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 48k and a net result of DKK -28k.

Bankruptcy risk for WESTERGAARD DEVELOPMENT ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · 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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
RegionSyddanmark · 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
35211748
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Gl Sognevej 11
6740 Bramming
Municipality
Esbjerg
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 80k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 12
Missing annual reportNo
Negative equityNo
Equity ratio51.8%
Current ratio208%
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
RevenueDKK -2,213DKK 38k
Gross profitDKK -27kDKK 5,847
Net profitDKK -28kDKK 4,561
EquityDKK 48kDKK 76k
Total assetsDKK 93kDKK 124k
CashDKK 93k–
Short-term debtDKK 45k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025172
1 Jul 2023 – 30 Jun 202439
1 Jul 2022 – 30 Jun 2023144
1 Jul 2021 – 30 Jun 2022156
1 Jul 2020 – 30 Jun 2021154
1 Jul 2019 – 30 Jun 2020153
1 Jul 2018 – 30 Jun 2019151
1 Jul 2017 – 30 Jun 2018143
1 Jul 2016 – 30 Jun 2017146
1 Jul 2015 – 30 Jun 2016154
1 Jul 2014 – 30 Jun 2015163
9 Apr 2013 – 30 Jun 2014155

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
Owner (100%)Flemming Marius WestergaardCurrent
FounderFlemming Marius WestergaardCurrent

Address history (0 moves)

Gl Sognevej 11, 6740 Bramming

Employees per year

Number of employees at WESTERGAARD DEVELOPMENT ApS per year112013: 120132014: 120142015: 120152016: 020162017: 020172018: 12018

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Questions and answers about WESTERGAARD DEVELOPMENT ApS

Has WESTERGAARD DEVELOPMENT ApS gone bankrupt?

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

What is the bankruptcy risk of WESTERGAARD DEVELOPMENT ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

When was WESTERGAARD DEVELOPMENT ApS founded?

WESTERGAARD DEVELOPMENT ApS was founded on 9 April 2013.

What is the equity of WESTERGAARD DEVELOPMENT ApS?

Equity was DKK 48k according to the annual report for the period ending 30 June 2025.

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