WEARTECH ApS

CVR 35836284 · Private limited company (ApS) · Active · Medium risk

WEARTECH ApS is a Private limited company (ApS), founded on , based in Otterup. The company is registered in the industry engroshandel med tekstiler. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 11 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 1.2m and a net result of DKK -128k. CEO: Morten Vølund Andersen.

Bankruptcy risk for WEARTECH 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

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
35836284
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Nislevvej 58
5450 Otterup
Municipality
Nordfyns
Industry
Engroshandel med tekstiler (464100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 60k
Employees
0 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 11
Missing annual reportNo
Negative equityNo
Equity ratio88.7%
Current ratio89%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Revenue–DKK 234k
Gross profitDKK -84kDKK 5,348
Net profitDKK -128kDKK -39k
EquityDKK 1.2mDKK 1.3m
Total assetsDKK 1.4mDKK 1.5m
CashDKK 36k–
Short-term debtDKK 155k–

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 2025189 Late
1 Jul 2023 – 30 Jun 2024157
1 Jul 2022 – 30 Jun 2023174
1 Jul 2021 – 30 Jun 2022182
1 Jul 2020 – 30 Jun 2021144
1 Jul 2019 – 30 Jun 2020142
1 Jul 2018 – 30 Jun 2019123
1 Jul 2017 – 30 Jun 2018120
1 Jul 2016 – 30 Jun 2017124
1 Jul 2015 – 30 Jun 2016166
24 Apr 2014 – 30 Jun 2015154

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
CEOMorten Vølund AndersenCurrent
CEOMerita Binaku
Owner (100%)Morten Vølund AndersenCurrent
FounderNISLEV MØLLE HOLDING ApSCurrent

The CEOs' other companies

Morten Vølund Andersen – 2 other companies, of which 1 bankrupt

Address history (0 moves)

Nislevvej 58, 5450 Otterup

Employees per year

Number of employees at WEARTECH ApS per year112014: 020142015: 020152018: 02018

Other companies at the same address

Similar companies in Nordfyns

Questions and answers about WEARTECH ApS

Has WEARTECH ApS gone bankrupt?

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

What is the bankruptcy risk of WEARTECH 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 WEARTECH ApS?

Morten Vølund Andersen is the CEO of WEARTECH ApS.

When was WEARTECH ApS founded?

WEARTECH ApS was founded on 24 April 2014.

What is the equity of WEARTECH ApS?

Equity was DKK 1.2m 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.