CXD ApS

CVR 36087978 · Private limited company (ApS) · Active · Medium risk

CXD ApS is a Private limited company (ApS), founded on , based in Aarhus V. The company is registered in the industry fremstilling af spil og legetøj. 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. The latest annual report (31 Aug 2025) shows equity of DKK -481k and a net result of DKK -223k. CEO: Aviaja Borup Lynggaard.

Bankruptcy risk for CXD 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

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
36087978
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Gudhjemsvej 12
8210 Aarhus V
Municipality
Aarhus
Industry
Fremstilling af spil og legetøj (324000)
Bankruptcies in the industry: Fremstilling af medicinske og dentale instrumenter samt udstyr hertil
Share capital
DKK 86k
Employees
4 (2018)
Auditor
MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 11
Missing annual reportNo
Negative equityYes
Equity ratio-33.5%
Current ratio238%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 349kDKK 442kDKK -101k
Net profitDKK -223kDKK -198kDKK -433k
EquityDKK -481kDKK -259kDKK -61k
Total assetsDKK 1.4mDKK 1.9mDKK 2.4m
CashDKK 14kDKK 38k–
Short-term debtDKK 145kDKK 195k–
Avg. employees12–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025180
1 Sep 2023 – 31 Aug 2024131
1 Sep 2022 – 31 Aug 2023153
1 Sep 2021 – 31 Aug 2022161
1 Sep 2020 – 31 Aug 2021156
1 Sep 2019 – 31 Aug 2020155
1 Sep 2018 – 31 Aug 2019158
1 Sep 2017 – 31 Aug 2018153
1 Sep 2016 – 31 Aug 2017162
1 Sep 2015 – 31 Aug 2016153
10 Sep 2014 – 31 Aug 2015155

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
CEOAviaja Borup LynggaardCurrent
BoardThomas Kanstrup Christensen
BoardAviaja Borup Lynggaard
BoardPeter Ladefoged
BoardHeidi Nørgaard Jensen
BoardJørgen Klink Skov
BoardHelle Margrethe Myrthue
BoardThomas Kanstrup Christensen
Owner (100%)CXD HOLDING ApSCurrent
Owner (100%)CXD HOLDING ApS
Owner (20%)Styrelsen for Forskning og Uddannelse
Owner (5%)BOREAN INNOVATION A/S
Owner (67%)CXD HOLDING ApS
Owner (20%)Uddannelses- og Forskningsstyrelsen
Owner (100%)CXD HOLDING ApS
Owner (67%)CXD HOLDING ApS
Owner (15%)Flying BizKit ApS
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
Auditor3 STK ApS
FounderCXD HOLDING ApSCurrent

The CEOs' other companies

Aviaja Borup Lynggaard – 2 other companies, of which 1 bankrupt

Address history (4 moves)

Gudhjemsvej 12, 8210 Aarhus V
Karen Blixens Boulevard 21, 8220 Brabrand
Nannasvej 16, 8230 Åbyhøj
Skovgaardsgade 3, 8000 Aarhus C
Gudhjemsvej 12, 8210 Aarhus V

Employees per year

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

Other companies at the same address

Similar companies in Aarhus

Questions and answers about CXD ApS

Has CXD ApS gone bankrupt?

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

What is the bankruptcy risk of CXD 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 CXD ApS?

Aviaja Borup Lynggaard is the CEO of CXD ApS.

Who is the auditor of CXD ApS?

CXD ApS most recently used MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was CXD ApS founded?

CXD ApS was founded on 10 September 2014.

What is the equity of CXD ApS?

Equity was DKK -481k according to the annual report for the period ending 31 August 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.