Network Airline Services ApS

CVR 37240265 · Private limited company (ApS) · Active · Low risk

Network Airline Services ApS is a Private limited company (ApS), founded on , based in Billund. The company is registered in the industry andre støtteaktiviteter i forbindelse med transport. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 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 2.8m and a net result of DKK 733k.

Bankruptcy risk for Network Airline Services ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · 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×
Gross profit growth10%–30% · 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
37240265
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Kløvermarken 120
7190 Billund
Municipality
Billund
Industry
Andre støtteaktiviteter i forbindelse med transport (522600)
Bankruptcies in the industry: Speditører
Share capital
DKK 50k
Employees
2 (2018)
Auditor
Revenu Registreret Revisionsanpartsselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityNo
Equity ratio29.0%
Current ratio141%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 3.8mDKK 2.1mDKK 1.7m
Net profitDKK 733kDKK 466kDKK 346k
EquityDKK 2.8mDKK 2.1mDKK 1.6m
Total assetsDKK 9.7mDKK 7.6mDKK 5.5m
CashDKK 3.4mDKK 3.9m–
Short-term debtDKK 6.9mDKK 5.5m–
Tax owedDKK 129k––
Avg. employees22–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Revenu Registreret Revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025153
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023102
1 Jan 2022 – 31 Dec 2022145
1 Jan 2021 – 31 Dec 2021111
1 Jan 2020 – 31 Dec 202098
1 Jan 2019 – 31 Dec 2019230 Late
1 Jan 2018 – 31 Dec 2018165
1 Jan 2017 – 31 Dec 2017121
5 Nov 2015 – 31 Dec 2016177

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
BoardAndrew Michael BallardCurrent
BoardAlexander Peter Van VilsterenCurrent
BoardPatricia Heilbrink
Owner (100%)A.N.A Aviation Group Holdings LtdCurrent
AuditorRevenu Registreret RevisionsanpartsselskabCurrent
FounderA.N.A Aviation Group Holdings LtdCurrent

Address history (2 moves)

Kløvermarken 120, 7190 Billund
Kløvermarken 120, 7190 Billund
c/o Deloitte, Weidekampsgade 6, 2300 København S

Employees per year

Number of employees at Network Airline Services ApS per year122016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in Billund

Questions and answers about Network Airline Services ApS

Has Network Airline Services ApS gone bankrupt?

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

What is the bankruptcy risk of Network Airline Services ApS?

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

Who is the auditor of Network Airline Services ApS?

Network Airline Services ApS most recently used Revenu Registreret Revisionsanpartsselskab.

When was Network Airline Services ApS founded?

Network Airline Services ApS was founded on 5 November 2015.

What is the equity of Network Airline Services ApS?

Equity was DKK 2.8m 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.