KB Covers Europe ApS

CVR 36487550 · Private limited company (ApS) · Active · High risk

KB Covers Europe ApS is a Private limited company (ApS), founded on , based in Allerød. The company is registered in the industry engroshandel med informations- og kommunikationsudstyr. Our model estimates a bankruptcy risk of 5.3% over the next 12 months, which is 3.8 times the average for Danish companies. 11 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -187k and a net result of DKK -289k. CEO: Morten Ingemann Hvitved.

Bankruptcy risk for KB Covers Europe ApS

5.3%
probability of bankruptcy within 12 months
High risk

3.8 × the average (1.41%) · higher risk than 92% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
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×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Registered owners3 · bankruptcy rate 6.2%0.71×

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
36487550
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Hejrevang 17
3450 Allerød
Municipality
Allerød
Industry
Engroshandel med informations- og kommunikationsudstyr (465000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 51k
Employees
0 (2017)
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 11
Missing annual reportNo
Negative equityYes
Equity ratio-10.5%
Current ratio91%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies3
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -370kDKK 268kDKK -84k
Net profitDKK -289kDKK 23kDKK 51k
EquityDKK -187kDKK 103kDKK 80k
Total assetsDKK 1.8mDKK 1.8mDKK 1.8m
CashDKK 107DKK 44k–
Short-term debtDKK 2.0m––
Tax owed–DKK 0–
Avg. employees1––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025214 Late
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 20226
1 Jan 2021 – 31 Dec 2021163
1 Jan 2020 – 31 Dec 2020168
1 Jan 2019 – 31 Dec 2019199 Late
1 Jan 2018 – 31 Dec 2018210 Late
1 Jan 2017 – 31 Dec 2017240 Late
1 Jan 2016 – 31 Dec 2016151
31 Dec 2014 – 31 Dec 2015152

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 Ingemann HvitvedCurrent
BoardMorten Ingemann HvitvedCurrent
BoardPeter MørchCurrent
BoardMark Robert Brown
Owner (25%)Susanne MørchCurrent
Owner (33%)CHARLOTTE SKEEL HOLDING ApSCurrent
Owner (33%)Holdingselskabet af 5. september 2022 ApSCurrent
Owner (50%)TELLUS REMARKETING ApS
Owner (33%)Mark Robert Brown
FounderSusanne MørchCurrent
FounderTELLUS REMARKETING ApSCurrent
FounderMark Robert BrownCurrent

The CEOs' other companies

Morten Ingemann Hvitved – 19 other companies, of which 11 bankrupt

Address history (2 moves)

Hejrevang 17, 3450 Allerød
Solvang 6, 3450 Allerød
Hejrevang 17, 3450 Allerød

Former names

KB Covers Europe ApS – now
EDITORS KEYS GLOBAL ApS –

Employees per year

Number of employees at KB Covers Europe ApS per year112017: 02017

Other companies at the same address

Similar companies in Allerød

Questions and answers about KB Covers Europe ApS

Has KB Covers Europe ApS gone bankrupt?

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

What is the bankruptcy risk of KB Covers Europe ApS?

Our model estimates a bankruptcy risk of 5.3% over the next 12 months (high risk), which is 3.8 times the average for Danish companies.

Who is the CEO of KB Covers Europe ApS?

Morten Ingemann Hvitved is the CEO of KB Covers Europe ApS.

When was KB Covers Europe ApS founded?

KB Covers Europe ApS was founded on 31 December 2014.

What is the equity of KB Covers Europe ApS?

Equity was DKK -187k 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.