Heartland Collective ApS

CVR 36909722 · Private limited company (ApS) · Active · Medium risk

Heartland Collective ApS is a Private limited company (ApS), founded on , based in Hillerød. The company is registered in the industry detailhandel med tøj. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 10 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -435k and a net result of DKK -68k. CEO: Mario Paunovic.

Bankruptcy risk for Heartland Collective ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
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's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
36909722
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
c/o Mario Paunovic, Christianshave 5, st. th
3400 Hillerød
Municipality
Hillerød
Industry
Detailhandel med tøj (477110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Employees
0 (2016)
Auditor
Nærrevision A/S
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-130.2%
Current ratio6%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -68kDKK -11kDKK -12k
Net profitDKK -68kDKK -43kDKK -42k
EquityDKK -435kDKK -367kDKK -324k
Total assetsDKK 334kDKK 465kDKK 465k
CashDKK 41kDKK 1–
Short-term debtDKK 770kDKK 832k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Nærrevision A/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025203 Late
1 Jan 2024 – 31 Dec 2024127
1 Jan 2023 – 31 Dec 2023186 Late
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021186 Late
1 Jul 2019 – 30 Jun 2020168
1 Jul 2018 – 30 Jun 2019183
1 Jul 2017 – 30 Jun 2018165
1 Jul 2016 – 30 Jun 2017171
29 May 2015 – 30 Jun 2016160

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
CEOMario PaunovicCurrent
CEOMario Paunovic
CEOLjiljana Paunovic
CEOVerica Srbulovic
Owner (100%)Mario PaunovicCurrent
Owner (100%)Mario Paunovic
Owner (100%)Ljiljana Paunovic
Owner (100%)Verica Srbulovic
FounderMario PaunovicCurrent

The CEOs' other companies

Mario Paunovic – 2 other companies

Ljiljana Paunovic – 1 other companies

Verica Srbulovic – 1 other companies

Address history (4 moves)

c/o Mario Paunovic, Christianshave 5, st. th, 3400 Hillerød
c/o Mario Paunovic, Bremertoften 27, 3320 Skævinge
c/o Mario Paunovic, Gl. Holmegårdsvej 7, st. tv, 3400 Hillerød
c/o Mario Paunovic, Christian IVs Vej 1, 1., 3400 Hillerød
c/o Mario Paunovic, Gl. Holmegårdsvej 7, st. tv, 3400 Hillerød

Former names

Heartland Collective ApS – now
EVP Group ApS –
Vognkompagniet ApS –

Employees per year

Number of employees at Heartland Collective ApS per year112016: 02016

Other companies at the same address

Similar companies in Hillerød

Questions and answers about Heartland Collective ApS

Has Heartland Collective ApS gone bankrupt?

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

What is the bankruptcy risk of Heartland Collective ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of Heartland Collective ApS?

Mario Paunovic is the CEO of Heartland Collective ApS.

Who is the auditor of Heartland Collective ApS?

Heartland Collective ApS most recently used Nærrevision A/S.

When was Heartland Collective ApS founded?

Heartland Collective ApS was founded on 29 May 2015.

What is the equity of Heartland Collective ApS?

Equity was DKK -435k 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.