BORGSTEN ApS

CVR 35381791 · Private limited company (ApS) · Active · Low risk

BORGSTEN ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry udlejning af erhvervsejendomme. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 13 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 39.3m and a net result of DKK 2.2m. CEO: Carsten Larsen Kappelborg.

Bankruptcy risk for BORGSTEN ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
35381791
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
c/o Café Jorden, Badstuegade 3
8000 Aarhus C
Municipality
Aarhus
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 80k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 13
Missing annual reportNo
Negative equityNo
Equity ratio42.7%
Current ratio73%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 4.0mDKK 3.9mDKK 3.8m
Net profitDKK 2.2mDKK -2.1mDKK -3.7m
EquityDKK 39.3mDKK 37.2mDKK 39.3m
Total assetsDKK 92.1mDKK 90.0mDKK 95.0m
CashDKK 234kDKK 12k–
Short-term debtDKK 2.9mDKK 3.0m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025120
1 Jan 2024 – 31 Dec 2024119
1 Jan 2023 – 31 Dec 2023117
1 Jan 2022 – 31 Dec 2022109
1 Jan 2021 – 31 Dec 202196
1 Jan 2020 – 31 Dec 2020124
1 Jan 2019 – 31 Dec 201999
1 Jan 2018 – 31 Dec 2018113
1 Jan 2017 – 31 Dec 2017116
1 Jan 2016 – 31 Dec 2016158
1 Jan 2015 – 31 Dec 2015134
1 Jan 2014 – 31 Dec 2014140
20 Jun 2013 – 31 Dec 2013150

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
CEOCarsten Larsen KappelborgCurrent
Owner (100%)C.K. Holding 2023 ApSCurrent
Owner (100%)HOLDINGSELSKABET AF 26. JANUAR 2000 ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorFJAS 2018 ApS
AuditorNational Revision a/s
FounderHOLDINGSELSKABET AF 26. JANUAR 2000 ApSCurrent

The CEOs' other companies

Carsten Larsen Kappelborg – 16 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Café Jorden, Badstuegade 3, 8000 Aarhus C
c/o Café Jorden, Badstuegade 3, 8000 Aarhus C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about BORGSTEN ApS

Has BORGSTEN ApS gone bankrupt?

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

What is the bankruptcy risk of BORGSTEN ApS?

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

Who is the CEO of BORGSTEN ApS?

Carsten Larsen Kappelborg is the CEO of BORGSTEN ApS.

Who is the auditor of BORGSTEN ApS?

BORGSTEN ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was BORGSTEN ApS founded?

BORGSTEN ApS was founded on 20 June 2013.

What is the equity of BORGSTEN ApS?

Equity was DKK 39.3m 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.