X-SOLAR SYSTEMS APS

CVR 37267570 · Private limited company (ApS) · Active · Medium risk

X-SOLAR SYSTEMS APS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 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 -52.0m and a net result of DKK -34.5m.

Bankruptcy risk for X-SOLAR SYSTEMS APS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% 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 CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
37267570
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
c/o Republikken, Vesterbrogade 24, 1.
1620 København V
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 2.0m
Employees
4 (2018)
Auditor
HARBOE CONSULT ApS - GODKENDT REVISIONSVIRKSOMHED
Audit opted out
No

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-104.0%
Current ratio6,681%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address77
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
RevenueDKK 4,000DKK 1,500DKK 1.1m
Gross profitDKK -3.6mDKK -2.0mDKK -1.1m
Net profitDKK -34.5mDKK 3.0mDKK -13.9m
EquityDKK -52.0mDKK -17.5mDKK -20.5m
Total assetsDKK 50.0mDKK 67.8mDKK 45.9m
CashDKK 302kDKK 340k–
Short-term debtDKK 722kDKK 467k–
Tax owedDKK 0––

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · HARBOE CONSULT ApS - GODKENDT REVISIONSVIRKSOMHED.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022159
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020191 Late
1 Jan 2019 – 31 Dec 2019178
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017136
4 Dec 2015 – 31 Dec 201665

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
CEODavid Reerman Han-Dizon
CEORajesh Veluswamy
BoardCamilla BredholtCurrent
BoardPer Rommelhof ReimerCurrent
BoardIver Alex Tesdorpf UnsgaardCurrent
BoardFranz Willum SørensenCurrent
BoardDavid Reerman Han-Dizon
BoardAsger Trier Bing
BoardIver Alex Tesdorpf Unsgaard
Owner (67%)Impact Invest ApSCurrent
Owner (10%)Agner Holding ApSCurrent
Owner (5%)Per Rommelhof ReimerCurrent
Owner (25%)David Reerman Han-Dizon
Owner (25%)Asger Trier Bing
Owner (25%)Rajesh Veluswamy
Owner (5%)CIID Nest ApS
Owner (25%)Han-Dizon Holding ApS
Owner (25%)Atbing II ApS
Owner (33%)Han-Dizon Holding ApS
Owner (10%)VR Nordic Holding IVS
Owner (33%)Atbing II ApS
Owner (5%)VR Nordic Holding IVS
Owner (15%)Impact Invest ApS
Owner (5%)VR Nordic Holding IVS
Owner (25%)Han-Dizon Holding ApS
Owner (25%)Atbing II ApS
Owner (33%)Impact Invest ApS
Owner (90%)Impact Invest ApS
AuditorHARBOE CONSULT ApS - GODKENDT REVISIONSVIRKSOMHEDCurrent
FounderDavid Reerman Han-DizonCurrent
FounderAsger Trier BingCurrent
FounderRajesh VeluswamyCurrent

The CEOs' other companies

Rajesh Veluswamy – 1 other companies

Address history (5 moves)

c/o Republikken, Vesterbrogade 24, 1., 1620 København V
c/o UMA Workspace, Vestergade 29, st., 1456 København K
c/o CIID, Toldbodgade 37B, 1253 København K
c/o SingularityU Denmark, Titangade 11, 1., 2200 København N
c/o CIID Nest, Toldbodgade 37B, 1253 København K
c/o Friis, Nordlandsgade 16, 4. th, 2300 København S

Former names

X-SOLAR SYSTEMS APS – now
M-PAYG APS –
M-PAYG IVS –

Employees per year

Number of employees at X-SOLAR SYSTEMS APS per year242016: 120162017: 320172018: 42018

Other companies at the same address

Similar companies in København

Questions and answers about X-SOLAR SYSTEMS APS

Has X-SOLAR SYSTEMS APS gone bankrupt?

No, X-SOLAR SYSTEMS APS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of X-SOLAR SYSTEMS APS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the auditor of X-SOLAR SYSTEMS APS?

X-SOLAR SYSTEMS APS most recently used HARBOE CONSULT ApS - GODKENDT REVISIONSVIRKSOMHED.

When was X-SOLAR SYSTEMS APS founded?

X-SOLAR SYSTEMS APS was founded on 1 December 2015.

What is the equity of X-SOLAR SYSTEMS APS?

Equity was DKK -52.0m 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.