Fines Garn ApS

CVR 37310522 · Private limited company (ApS) · Active · Medium risk

Fines Garn ApS is a Private limited company (ApS), founded on , based in Vorbasse. The company is registered in the industry detailhandel med tekstiler. Our model estimates a bankruptcy risk of 1.9% over the next 12 months, which is 1.3 times the average for Danish companies. 10 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -22k and a net result of DKK -28k. CEO: Steen Fredsted Jensen.

Bankruptcy risk for Fines Garn ApS

1.9%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%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×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Annual reports filed late3+ · 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
37310522
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Nebelvej 50
6623 Vorbasse
Municipality
Billund
Industry
Detailhandel med tekstiler (475100)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-8.9%
Current ratio92%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -2,701DKK 58kDKK 79k
Net profitDKK -28kDKK 8,193DKK 4,221
EquityDKK -22kDKK 6,121DKK -2,072
Total assetsDKK 247kDKK 243kDKK 189k
CashDKK 55kDKK 33k–
Short-term debtDKK 268kDKK 237k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025179
1 Jan 2024 – 31 Dec 2024143
1 Jan 2023 – 31 Dec 2023185 Late
1 Jan 2022 – 31 Dec 2022190 Late
1 Jan 2021 – 31 Dec 2021200 Late
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019252 Late
1 Jan 2018 – 31 Dec 2018170
1 Jan 2017 – 31 Dec 2017157
18 Dec 2015 – 31 Dec 2016153

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
CEOSteen Fredsted JensenCurrent
CEOTina Seeger
Owner (100%)Steen Fredsted JensenCurrent
FounderSteen Fredsted JensenCurrent

The CEOs' other companies

Steen Fredsted Jensen – 1 other companies, of which 1 bankrupt

Address history (0 moves)

Nebelvej 50, 6623 Vorbasse

Former names

Fines Garn ApS – now
SF Holding 2015 ApS –

Other companies at the same address

Questions and answers about Fines Garn ApS

Has Fines Garn ApS gone bankrupt?

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

What is the bankruptcy risk of Fines Garn ApS?

Our model estimates a bankruptcy risk of 1.9% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Fines Garn ApS?

Steen Fredsted Jensen is the CEO of Fines Garn ApS.

When was Fines Garn ApS founded?

Fines Garn ApS was founded on 18 December 2015.

What is the equity of Fines Garn ApS?

Equity was DKK -22k 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.