CM Relations ApS

CVR 37179345 · Private limited company (ApS) · Active · Medium risk

CM Relations ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry planlægning og design af reklamekampagner. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 10 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -183k and a net result of DKK -276k. CEO: Kasper Christensen.

Bankruptcy risk for CM Relations ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
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×
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×
Website registeredYes · bankruptcy rate 12.0%1.4×

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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Capital changes1 · bankruptcy rate 7.0%0.80×

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
37179345
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Sankt Annæ Plads 7, kl.
1250 København K
Municipality
København
Industry
Planlægning og design af reklamekampagner (731110)
Bankruptcies in the industry: Reklamebureauer
Share capital
DKK 40k
Employees
21 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-34.3%
Current ratio54%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address19
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 675kDKK 4.1mDKK 4.9m
Net profitDKK -276kDKK -588kDKK -15k
EquityDKK -183kDKK 94kDKK 682k
Total assetsDKK 532kDKK 943kDKK 1.7m
CashDKK 111kDKK 34k–
Short-term debtDKK 715kDKK 849k–
Tax owed–DKK 0–
Avg. employees414–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025195 Late
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023185 Late
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021182
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019243 Late
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017153
20 Oct 2015 – 31 Dec 2016368 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
CEOKasper ChristensenCurrent
CEOArmin Gabriel Paaske Mujcinovic
BoardSusanne Voll
Owner (100%)Kasper ChristensenCurrent
Owner (100%)Susanne Voll
Owner (33%)Armin Gabriel Paaske Mujcinovic
Owner (33%)Kasper Christensen
Owner (50%)Armin Gabriel Paaske Mujcinovic
Owner (50%)Kasper Christensen
FounderSusanne VollCurrent

The CEOs' other companies

Armin Gabriel Paaske Mujcinovic – 3 other companies, of which 1 bankrupt

Address history (3 moves)

Sankt Annæ Plads 7, kl., 1250 København K
Sankt Annæ Plads 7, kl., 1250 København K
Charlotte Muncks vej 30, st. th, 2400 København NV
Lukretiavej 3, 4. TH, 2500 Valby

Former names

CM Relations ApS – now
CM Relations IVS –

Employees per year

Number of employees at CM Relations ApS per year11212017: 020172018: 212018

Other companies at the same address

Similar companies in København

Questions and answers about CM Relations ApS

Has CM Relations ApS gone bankrupt?

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

What is the bankruptcy risk of CM Relations ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of CM Relations ApS?

Kasper Christensen is the CEO of CM Relations ApS.

When was CM Relations ApS founded?

CM Relations ApS was founded on 20 October 2015.

What is the equity of CM Relations ApS?

Equity was DKK -183k 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.