TRADESHIFT ApS

CVR 35391282 · Private limited company (ApS) · Active · Medium risk

TRADESHIFT ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 12 annual reports have been published, of which 9 more than six months after the end of the financial year. The latest annual report (31 Jan 2026) shows equity of DKK 4.4m and a net result of DKK -8.5m. CEO: Michael Alan Cowles.

Bankruptcy risk for TRADESHIFT 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

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
35391282
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
c/o Christensen Kjærulff Statsautoriseret Re, Østbanegade 123
2100 København Ø
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 150k
Employees
144 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late9 of 12
Missing annual reportNo
Negative equityNo
Equity ratio1.9%
Current ratio108%
Moves (last 2 years)0
CEO changes in total8
CEO's previous bankruptcies0
Other companies at the address262
Going-concern uncertaintyYes

Financials and key figures

Financial year202620252024
Gross profitDKK 5.1mDKK 28.3mDKK 41.8m
Net profitDKK -8.5mDKK -4.1mDKK -15.5m
EquityDKK 4.4mDKK -39.6mDKK -35.5m
Total assetsDKK 227.4mDKK 250.2mDKK 200.7m
CashDKK 654kDKK 4.6m–
Short-term debtDKK 211.4mDKK 277.0m–
Tax owedDKK 699k––
Avg. employees723–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Feb 2025 – 31 Jan 2026209 Late
1 Feb 2024 – 31 Jan 2025319 Late
1 Feb 2023 – 31 Jan 2024212 Late
1 Feb 2022 – 31 Jan 2023210 Late
1 Feb 2021 – 31 Jan 2022154
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019251 Late
1 Jan 2018 – 31 Dec 2018241 Late
1 Jan 2017 – 31 Dec 2017218 Late
1 Jan 2016 – 31 Dec 2016190 Late
1 Jan 2015 – 31 Dec 2015183
1 Jul 2013 – 31 Dec 2014188 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
CEOMichael Alan CowlesCurrent
CEOGert Sylvest
CEOGert Sylvest
CEOJames Edward Stirk
CEOJonathan Patrick Lagan
CEOMichael Alan Cowles
BoardChristian Lanng
BoardMikkel Hippe Brun
BoardChristian Lanng
BoardMikkel Hippe Brun
Owner (100%)Tradeshift Holdings Inc.Current
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMartin Vilhelm von Haller Baggesen GrønbækCurrent

The CEOs' other companies

Gert Sylvest – 6 other companies

Address history (2 moves)

c/o Christensen Kjærulff Statsautoriseret Re, Østbanegade 123, 2100 København Ø
Landemærket 10, 1., 1119 København K
Nørregade 36B, 3., 1165 København K

Employees per year

Number of employees at TRADESHIFT ApS per year721442013: 5520132014: 6120142015: 8520152016: 12220162017: 12820172018: 1442018

Other companies at the same address

Similar companies in København

Questions and answers about TRADESHIFT ApS

Has TRADESHIFT ApS gone bankrupt?

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

What is the bankruptcy risk of TRADESHIFT 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 TRADESHIFT ApS?

Michael Alan Cowles is the CEO of TRADESHIFT ApS.

Who is the auditor of TRADESHIFT ApS?

TRADESHIFT ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was TRADESHIFT ApS founded?

TRADESHIFT ApS was founded on 1 July 2013.

What is the equity of TRADESHIFT ApS?

Equity was DKK 4.4m according to the annual report for the period ending 31 January 2026.

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