Thorco Capital III ApS

CVR 37557463 · Private limited company (ApS) · Active · Low risk

Thorco Capital III ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry gennemløbsholdingselskaber. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 10 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -740k and a net result of DKK -2.5m. CEO: Thor Stadil, Ronald Lambertus Maria Bouwens.

Bankruptcy risk for Thorco Capital III ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
CEO's other companies30+ · bankruptcy rate 4.3%0.48×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
37557463
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Svanemøllevej 17
2100 København Ø
Municipality
København
Industry
Gennemløbsholdingselskaber (642130)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-1,874.3%
Current ratio1%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies3
Other companies at the address29
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -3,264DKK 121kDKK -3,909
Net profitDKK -2.5mDKK 365kDKK 1.1m
EquityDKK -740kDKK 1.8mDKK 1.4m
Total assetsDKK 39kDKK 2.8mDKK 2.6m
CashDKK 146DKK 214–
Short-term debtDKK 766kDKK 1.0m–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025159
1 Jan 2024 – 31 Dec 2024169
1 Jan 2023 – 31 Dec 2023169
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021178
1 Jan 2020 – 31 Dec 2020186 Late
1 Jan 2019 – 31 Dec 2019281 Late
1 Jan 2018 – 31 Dec 2018171
1 Jan 2017 – 31 Dec 2017170
18 Mar 2016 – 31 Dec 2016173

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
CEOThor StadilCurrent
CEORonald Lambertus Maria BouwensCurrent
Owner (100%)Havnegade Capital ApSCurrent
Owner (100%)Thorco Projects ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderTHORNICO A/SCurrent

The CEOs' other companies

Thor Stadil – 57 other companies, of which 53 bankrupt

Address history (1 moves)

Svanemøllevej 17, 2100 København Ø
Tuborg Parkvej 10, 2900 Hellerup

Other companies at the same address

Similar companies in København

Questions and answers about Thorco Capital III ApS

Has Thorco Capital III ApS gone bankrupt?

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

What is the bankruptcy risk of Thorco Capital III ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of Thorco Capital III ApS?

Thor Stadil, Ronald Lambertus Maria Bouwens are the CEOs of Thorco Capital III ApS.

Who is the auditor of Thorco Capital III ApS?

Thorco Capital III ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Thorco Capital III ApS founded?

Thorco Capital III ApS was founded on 18 March 2016.

What is the equity of Thorco Capital III ApS?

Equity was DKK -740k 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.