Thunder Exchange ApS

CVR 37149772 · Private limited company (ApS) · Active · Low risk

Thunder Exchange ApS is a Private limited company (ApS), founded on , based in Randers C. The company is registered in the industry rejsebureauers aktiviteter. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 9 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 363k and a net result of DKK 313k.

Bankruptcy risk for Thunder Exchange 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

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
37149772
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
c/o Finn R. Brandsen, Markedsgade 10, 3. 21
8900 Randers C
Municipality
Randers
Industry
Rejsebureauers aktiviteter (791100)
Bankruptcies in the industry: Rejsearrangører
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityNo
Equity ratio58.3%
Current ratio374%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 716kDKK 661kDKK 720k
Net profitDKK 313kDKK 338kDKK 272k
EquityDKK 363kDKK 350kDKK 512k
Total assetsDKK 624kDKK 871kDKK 1.1m
CashDKK 624kDKK 836k–
Short-term debtDKK 167kDKK 422k–
Tax owedDKK 73kDKK 67k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025125
1 Oct 2023 – 30 Sep 202472
1 Oct 2022 – 30 Sep 202382
1 Oct 2021 – 30 Sep 2022115
1 Jan 2020 – 31 Dec 2020187 Late
1 Jan 2019 – 31 Dec 201939
1 Jan 2018 – 31 Dec 201828
1 Jan 2017 – 31 Dec 2017170
12 Oct 2015 – 31 Dec 2016130

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
CEOFinn Rahbæk Brandsen
BoardFinn Rahbæk Brandsen
BoardAndreas Rahbæk Brandsen
Owner (33%)Brandsen Holding ApSCurrent
Owner (50%)Brandsen Invest ApSCurrent
Owner (50%)Finn Rahbæk Brandsen
Owner (50%)Andreas Rahbæk Brandsen
Owner (100%)Andreas Rahbæk Brandsen
Owner (33%)Finn Rahbæk Brandsen
Owner (50%)Andreas Rahbæk Brandsen
AuditorKVIST & JENSEN, MARIAGERFJORD, STATSAUTORISEREDE REVISORER A/S
FounderFinn Rahbæk BrandsenCurrent
FounderAndreas Rahbæk BrandsenCurrent

The CEOs' other companies

Finn Rahbæk Brandsen – 6 other companies, of which 1 bankrupt

Address history (5 moves)

c/o Finn R. Brandsen, Markedsgade 10, 3. 21, 8900 Randers C
c/o Andreas R. Brandsen, Forchhammersvej 9E, 2. tv, 9000 Aalborg
c/o Andreas Rahbæk Brandsen, Godsbanen 14, 5. 9, 9000 Aalborg
c/o Andreas Rahbæk Brandsen, Platanvej 51, st. th, 8930 Randers NØ
Morelvej 25, 8920 Randers NV
Dalinsvej 30, 8920 Randers NV

Former names

Thunder Exchange ApS – now
Thunder Exchange IVS –

Other companies at the same address

Similar companies in Randers

Questions and answers about Thunder Exchange ApS

Has Thunder Exchange ApS gone bankrupt?

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

What is the bankruptcy risk of Thunder Exchange 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.

When was Thunder Exchange ApS founded?

Thunder Exchange ApS was founded on 12 October 2015.

What is the equity of Thunder Exchange ApS?

Equity was DKK 363k 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.