Propellen ApS

CVR 37391573 · Private limited company (ApS) · Active · Low risk

Propellen ApS is a Private limited company (ApS), founded on , based in Brenderup Fyn. The company is registered in the industry anden udlejning af boliger. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 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 -381k and a net result of DKK -34k. CEO: Kjell Vidar Kristensen.

Bankruptcy risk for Propellen ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%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×
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×

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
37391573
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
c/o c/o Regnskab & Administration ApS, Fyllestedvej 20
5464 Brenderup Fyn
Municipality
Middelfart
Industry
Anden udlejning af boliger (682030)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 60k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-43.9%
Current ratio6%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address15
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -25kDKK -43k
Net profitDKK -34kDKK -53k
EquityDKK -381kDKK -347k
Total assetsDKK 869kDKK 903k
CashDKK 9,051–
Short-term debtDKK 250k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024146
1 Jan 2023 – 31 Dec 202371
1 Jan 2022 – 31 Dec 2022173
1 Jan 2021 – 31 Dec 202168
1 Jan 2020 – 31 Dec 202066
1 Jan 2019 – 31 Dec 2019176
1 Jan 2018 – 31 Dec 2018169
1 Jan 2017 – 31 Dec 2017191 Late
19 Jan 2016 – 31 Dec 2016170

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
CEOKjell Vidar KristensenCurrent
CEOThomas Nygaard
CEOMorten Fossdal
CEOMorten Fossdal
Owner (100%)Velferdsklubben PropellenCurrent
FounderVelferdslæubben PropellenCurrent

Address history (1 moves)

c/o c/o Regnskab & Administration ApS, Fyllestedvej 20, 5464 Brenderup Fyn
Bredgade 45, 9490 Pandrup

Other companies at the same address

Similar companies in Middelfart

Questions and answers about Propellen ApS

Has Propellen ApS gone bankrupt?

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

What is the bankruptcy risk of Propellen ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

Who is the CEO of Propellen ApS?

Kjell Vidar Kristensen is the CEO of Propellen ApS.

When was Propellen ApS founded?

Propellen ApS was founded on 19 January 2016.

What is the equity of Propellen ApS?

Equity was DKK -381k 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.