Grad ApS

CVR 36951842 · Private limited company (ApS) · Active · Low risk

Grad ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 10 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 14.7m and a net result of DKK -4.9m. CEO: Max Tomas Lundberg.

Bankruptcy risk for Grad ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
36951842
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Vesterbrogade 149
1620 København V
Municipality
København
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 92k
Employees
4 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityNo
Equity ratio70.2%
Current ratio121%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address317
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 7.4mDKK 14.8m
Net profitDKK -4.9mDKK 1.5m
EquityDKK 14.7mDKK 19.6m
Total assetsDKK 20.9mDKK 28.5m
CashDKK 299k–
Short-term debtDKK 5.1m–
Avg. employees14–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Crowe.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025114
1 Jan 2024 – 31 Dec 2024190 Late
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022128
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020149
1 Jan 2019 – 31 Dec 2019148
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017135
2 Jul 2015 – 31 Dec 2016118

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
CEOMax Tomas LundbergCurrent
BoardJimmy Fussing NielsenCurrent
BoardStefan Gustav Gunnar PerssonCurrent
BoardMax Tomas LundbergCurrent
BoardTommy Frejlev AndersenCurrent
BoardMax Tomas Lundberg
BoardTommy Frejlev Andersen
Owner (5%)Per Daniel BergelinCurrent
Owner (10%)TAN HOLDING ApSCurrent
Owner (5%)Hans Gustaf SköldCurrent
Owner (25%)Lundberg Invest ApSCurrent
Owner (5%)HG projekt 1 ABCurrent
Owner (5%)Mynttorget EGA ABCurrent
Owner (5%)WHITE PINES ApS
Owner (5%)Solgaarden Holding ApS
Owner (50%)Lundberg Invest ApS
Owner (5%)Klas Roland Sven Persson
Owner (5%)Björn Micael Joakim Sällberg
Owner (5%)TAN HOLDING ApS
Owner (25%)Lundberg Invest ApS
Owner (5%)Baseline Invest AB
Owner (5%)Klas Roland Sven Persson
Owner (5%)Fredrik Sven-Johan Sjöberg
Owner (5%)Mynttorget EGA AB
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderLundberg Invest ApSCurrent

The CEOs' other companies

Max Tomas Lundberg – 1 other companies

Address history (1 moves)

Vesterbrogade 149, 1620 København V
Nørrebrogade 90, 2. th, 2200 København N

Employees per year

Number of employees at Grad ApS per year482015: 620152016: 820162017: 520172018: 42018

Other companies at the same address

Similar companies in København

Questions and answers about Grad ApS

Has Grad ApS gone bankrupt?

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

What is the bankruptcy risk of Grad ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Grad ApS?

Max Tomas Lundberg is the CEO of Grad ApS.

Who is the auditor of Grad ApS?

Grad ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Grad ApS founded?

Grad ApS was founded on 2 July 2015.

What is the equity of Grad ApS?

Equity was DKK 14.7m 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.