Sandvad Inc. ApS

CVR 36896779 · Private limited company (ApS) · Active · Low risk

Sandvad Inc. ApS is a Private limited company (ApS), founded on , based in Brabrand. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 10 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -209k and a net result of DKK -21k. CEO: Martin Sandvad.

Bankruptcy risk for Sandvad Inc. ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% 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×
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×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
36896779
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
c/o Martin Sandvad, Glamhøjvej 9
8220 Brabrand
Municipality
Aarhus
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-31.0%
Current ratio64%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 31kDKK -76k
Net profitDKK -21kDKK -258k
EquityDKK -209kDKK -108k
Total assetsDKK 676kDKK 195k
CashDKK 427–
Short-term debtDKK 823k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025189 Late
1 Oct 2023 – 30 Sep 2024184 Late
1 Oct 2022 – 30 Sep 2023156
1 Oct 2021 – 30 Sep 2022186 Late
1 Oct 2020 – 30 Sep 2021109
1 Oct 2019 – 30 Sep 2020105
1 Oct 2018 – 30 Sep 201958
1 Oct 2017 – 30 Sep 2018157
1 Oct 2016 – 30 Sep 2017150
6 May 2015 – 30 Sep 2016259 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
CEOMartin SandvadCurrent
CEOMartin Sandvad
Owner (100%)Martin SandvadCurrent
FounderMartin SandvadCurrent

The CEOs' other companies

Martin Sandvad – 4 other companies

Address history (1 moves)

c/o Martin Sandvad, Glamhøjvej 9, 8220 Brabrand
Laskedalen 54, 8220 Brabrand

Former names

Sandvad Inc. ApS – now
Sandvad Inc. IVS –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Sandvad Inc. ApS

Has Sandvad Inc. ApS gone bankrupt?

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

What is the bankruptcy risk of Sandvad Inc. ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Sandvad Inc. ApS?

Martin Sandvad is the CEO of Sandvad Inc. ApS.

When was Sandvad Inc. ApS founded?

Sandvad Inc. ApS was founded on 6 May 2015.

What is the equity of Sandvad Inc. ApS?

Equity was DKK -209k according to the annual report for the period ending 30 September 2025.

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