FESTIVALGEAR ApS

CVR 35823271 · Private limited company (ApS) · Active · Medium risk

FESTIVALGEAR ApS is a Private limited company (ApS), founded on , based in Kongens Lyngby. The company is registered in the industry andre forretningsserviceaktiviteter i.a.n.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 12 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -183k and a net result of DKK 0. CEO: Claes Holm-Nielsen.

Bankruptcy risk for FESTIVALGEAR ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Has a boardYes · bankruptcy rate 6.0%0.68×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×

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
35823271
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Marie Grubbes Alle 13
2800 Kongens Lyngby
Municipality
Gladsaxe
Industry
Andre forretningsserviceaktiviteter i.a.n. (829900)
Bankruptcies in the industry: Kombinerede administrationsserviceydelser
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 12
Missing annual reportNo
Negative equityYes
Equity ratio-562.5%
Current ratio14%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 0–DKK 2,026
Net profitDKK 0DKK 0DKK -939
EquityDKK -183kDKK -183kDKK -183k
Total assetsDKK 33kDKK 33kDKK 33k
CashDKK 2,916DKK 2,916–
Short-term debtDKK 216kDKK 216k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025191 Late
1 Jan 2024 – 31 Dec 2024161
1 Jan 2023 – 31 Dec 2023196 Late
1 Jan 2022 – 31 Dec 2022188 Late
1 Jan 2021 – 31 Dec 2021200 Late
1 Jan 2020 – 31 Dec 2020195 Late
1 Jan 2019 – 31 Dec 2019257 Late
1 Jan 2018 – 31 Dec 2018174
1 Jan 2017 – 31 Dec 2017161
1 Jan 2016 – 31 Dec 2016151
1 Jan 2015 – 31 Dec 2015174
2 Apr 2014 – 31 Dec 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
CEOClaes Holm-NielsenCurrent
CEORafael Hougaard
BoardClaes Holm-NielsenCurrent
BoardClaes Holm-Nielsen
BoardRafael Hougaard
BoardThyge Sander Nielsen
Owner (100%)Kongens Nytorv Invest ApSCurrent
FounderKongens Nytorv Invest ApSCurrent

The CEOs' other companies

Claes Holm-Nielsen – 4 other companies

Rafael Hougaard – 4 other companies

Address history (1 moves)

Marie Grubbes Alle 13, 2800 Kongens Lyngby
Dybensgade 2, 2., 1071 København K

Other companies at the same address

Similar companies in Gladsaxe

Questions and answers about FESTIVALGEAR ApS

Has FESTIVALGEAR ApS gone bankrupt?

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

What is the bankruptcy risk of FESTIVALGEAR ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of FESTIVALGEAR ApS?

Claes Holm-Nielsen is the CEO of FESTIVALGEAR ApS.

When was FESTIVALGEAR ApS founded?

FESTIVALGEAR ApS was founded on 2 April 2014.

What is the equity of FESTIVALGEAR ApS?

Equity was DKK -183k 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.