Kvarts Innovation ApS

CVR 36036575 · Private limited company (ApS) · Active · High risk

Kvarts Innovation ApS is a Private limited company (ApS), founded on , based in Ringsted. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 11 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 240k and a net result of DKK 57k. CEO: Jacob Munk.

Bankruptcy risk for Kvarts Innovation 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

Missing annual report (overdue)Yes · bankruptcy rate 35.2%4.0×
Missed filing deadlines1 · bankruptcy rate 34.0%3.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%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×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
36036575
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
c/o Jacob Munk, Nørregade 8
4100 Ringsted
Municipality
Ringsted
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 50k
Employees
1 (2018)
Auditor
AIDER Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 11
Missing annual reportYes
Negative equityNo
Equity ratio38.1%
Current ratio160%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 65kDKK -19kDKK -19k
Net profitDKK 57kDKK -1.2mDKK 328k
EquityDKK 240kDKK 183kDKK 1.5m
Total assetsDKK 1.3mDKK 481kDKK 1.5m
CashDKK 32kDKK 26k–
Short-term debtDKK 323kDKK 297k–
Tax owedDKK 8,096––
Avg. employees10–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Baker Tilly Denmark.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2024 – 31 Dec 2024100
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020172
1 Jan 2019 – 31 Dec 2019163
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017151
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015151
1 Jan 2014 – 31 Dec 2014189 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
CEOJacob MunkCurrent
Owner (100%)Jacob MunkCurrent
AuditorAIDER Godkendt RevisionsaktieselskabCurrent
FounderJacob MunkCurrent

The CEOs' other companies

Jacob Munk – 2 other companies

Address history (2 moves)

c/o Jacob Munk, Nørregade 8, 4100 Ringsted
c/o Jacob Munk, Mosedalsvej 11, 4180 Sorø
c/o Jacob Munk, Åvendingen 34, 2700 Brønshøj

Former names

Kvarts Innovation ApS – now
KVARTS INNOVATION ApS –

Employees per year

Number of employees at Kvarts Innovation ApS per year122014: 220142015: 220152016: 020162017: 120172018: 12018

Other companies at the same address

Similar companies in Ringsted

Questions and answers about Kvarts Innovation ApS

Has Kvarts Innovation ApS gone bankrupt?

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

What is the bankruptcy risk of Kvarts Innovation 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 Kvarts Innovation ApS?

Jacob Munk is the CEO of Kvarts Innovation ApS.

Who is the auditor of Kvarts Innovation ApS?

Kvarts Innovation ApS most recently used AIDER Godkendt Revisionsaktieselskab.

When was Kvarts Innovation ApS founded?

Kvarts Innovation ApS was founded on 30 June 2014.

What is the equity of Kvarts Innovation ApS?

Equity was DKK 240k 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.