Garment Project ApS

CVR 35850287 · Private limited company (ApS) · Active · High risk

Garment Project ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry engroshandel med beklædning. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 12 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 2.4m and a net result of DKK -866k. CEO: Kent Rau Madsen.

Bankruptcy risk for Garment Project ApS

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

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×
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×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
35850287
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Pilestræde 40C, 1. th
1112 København K
Municipality
København
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 59k
Employees
4 (2018)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 12
Missing annual reportNo
Negative equityNo
Equity ratio24.6%
Current ratio134%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address33
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 2.0mDKK 2.1mDKK 2.2m
Net profitDKK -866kDKK 65kDKK -1.0m
EquityDKK 2.4mDKK 3.3mDKK 2.7m
Total assetsDKK 9.8mDKK 10.0mDKK 8.4m
CashDKK 7,468DKK 11k–
Short-term debtDKK 7.2mDKK 6.6m–
Avg. employees33–

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 2025188 Late
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023166
1 Jan 2022 – 31 Dec 2022118
1 Jan 2021 – 31 Dec 202194
1 Jan 2020 – 31 Dec 2020117
1 Jan 2019 – 31 Dec 201964
1 Jan 2018 – 31 Dec 2018157
1 Jan 2017 – 31 Dec 2017165
1 Jan 2016 – 31 Dec 201665
1 Jan 2015 – 31 Dec 2015160
6 May 2014 – 31 Dec 2014173

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
CEOKent Rau MadsenCurrent
Owner (67%)K. R. M. HOLDING ApSCurrent
Owner (25%)LØVDAL HOLDING ApSCurrent
Owner (100%)K. R. M. HOLDING ApS
Owner (67%)K. R. M. HOLDING ApS
Owner (20%)S.B.A. HOLDING ApS
Owner (10%)MNBZ ApS
Owner (25%)S.B.A. HOLDING ApS
Owner (10%)LØVDAL HOLDING ApS
Owner (50%)K. R. M. HOLDING ApS
Owner (10%)UPED HOLDING ApS
Owner (25%)S.B.Arlund Holding ApS
Owner (25%)LØVDAL HOLDING ApS
Owner (20%)S.B.Arlund Holding ApS
Owner (33%)LØVDAL HOLDING ApS
Owner (10%)EC-PACK ApS
Owner (25%)LØVDAL HOLDING ApS
Owner (20%)LØVDAL HOLDING ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorDANSK REVISION SØBORG, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorKONGEVEJENS REVISION REGISTRERET REVISIONS ApS
FounderK. R. M. HOLDING ApSCurrent

The CEOs' other companies

Kent Rau Madsen – 6 other companies, of which 2 bankrupt

Address history (4 moves)

Pilestræde 40C, 1. th, 1112 København K
Vestergade 12A, 1., 1456 København K
c/o Steffen Arlund, Højbro Plads 21B, 1., 1200 København K
Gammel Kongevej 147, 1850 Frederiksberg C
c/o Kent Rau Madsen, Nyelandsvej 3, st. tv, 2000 Frederiksberg

Former names

Garment Project ApS – now
GARMENT PROJECT IVS –

Employees per year

Number of employees at Garment Project ApS per year242015: 220152016: 420162017: 320172018: 42018

Other companies at the same address

Similar companies in København

Questions and answers about Garment Project ApS

Has Garment Project ApS gone bankrupt?

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

What is the bankruptcy risk of Garment Project ApS?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Garment Project ApS?

Kent Rau Madsen is the CEO of Garment Project ApS.

Who is the auditor of Garment Project ApS?

Garment Project ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Garment Project ApS founded?

Garment Project ApS was founded on 6 May 2014.

What is the equity of Garment Project ApS?

Equity was DKK 2.4m 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.