COMBINED ApS

CVR 36028971 · Private limited company (ApS) · Active · High risk

COMBINED ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry finansielle holdingselskaber. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 11 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -236k and a net result of DKK 2,376. CEO: Martin Gaden.

Bankruptcy risk for COMBINED ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
36028971
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
c/o Martin Gaden, Sommerfugleengen 31
8600 Silkeborg
Municipality
Silkeborg
Industry
Finansielle holdingselskaber (642110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
AKTIV REVISION SilkeborgRegistreret Revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 11
Missing annual reportNo
Negative equityYes
Equity ratio-30.3%
Current ratio6%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 0DKK 0DKK 0
Net profitDKK 2,376DKK -15kDKK -8,917
EquityDKK -236kDKK -238kDKK -223k
Total assetsDKK 777kDKK 715kDKK 757k
Short-term debtDKK 1.0mDKK 953k–
Tax owedDKK 0DKK 114k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · AKTIV REVISION SilkeborgRegistreret Revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025213 Late
1 Jan 2024 – 31 Dec 2024216 Late
1 Jan 2023 – 31 Dec 2023157
1 Jan 2022 – 31 Dec 2022151
1 Jan 2021 – 31 Dec 2021203 Late
1 Jan 2020 – 31 Dec 2020230 Late
1 Jan 2019 – 31 Dec 2019239 Late
1 Jan 2018 – 31 Dec 2018172
1 Jan 2017 – 31 Dec 2017171
1 Jan 2016 – 31 Dec 2016167
1 Jul 2014 – 31 Dec 2015158

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
CEOMartin GadenCurrent
Owner (100%)Martin GadenCurrent
Owner (50%)Martin Gaden
Owner (50%)Vibeke Holm Gaden
FounderMartin GadenCurrent
FounderVibeke Holm GadenCurrent

The CEOs' other companies

Martin Gaden – 5 other companies, of which 2 bankrupt

Address history (1 moves)

c/o Martin Gaden, Sommerfugleengen 31, 8600 Silkeborg
Søndergade 98, 8620 Kjellerup

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about COMBINED ApS

Has COMBINED ApS gone bankrupt?

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

What is the bankruptcy risk of COMBINED ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of COMBINED ApS?

Martin Gaden is the CEO of COMBINED ApS.

Who is the auditor of COMBINED ApS?

COMBINED ApS most recently used AKTIV REVISION SilkeborgRegistreret Revisionsanpartsselskab.

When was COMBINED ApS founded?

COMBINED ApS was founded on 1 July 2014.

What is the equity of COMBINED ApS?

Equity was DKK -236k 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.