Hot Air ApS

CVR 37661961 · Private limited company (ApS) · Active · Low risk

Hot Air ApS is a Private limited company (ApS), founded on , based in Ringsted. The company is registered in the industry passagertransport med charter- og taxifly. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 10 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -122k and a net result of DKK -107k. CEO: Niels Hvid.

Bankruptcy risk for Hot Air ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% 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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%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
37661961
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Cirkelhusene 10
4100 Ringsted
Municipality
Ringsted
Industry
Passagertransport med charter- og taxifly (511020)
Bankruptcies in the industry: Anden engroshandel
Share capital
DKK 50k
Employees
0 (2017)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-595.8%
Current ratio14%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 7,922DKK 145k
Net profitDKK -107kDKK -54k
EquityDKK -122kDKK -21k
Total assetsDKK 21kDKK 102k
CashDKK 0–
Short-term debtDKK 143k–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202529
1 Jan 2024 – 31 Dec 202463
1 Jan 2023 – 31 Dec 202344
1 Jan 2022 – 31 Dec 202239
1 Jan 2021 – 31 Dec 202138
1 Jan 2020 – 31 Dec 202074
1 Jan 2019 – 31 Dec 201970
1 Jan 2018 – 31 Dec 201861
1 Jan 2017 – 31 Dec 201730
4 May 2016 – 31 Dec 201629

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
CEONiels HvidCurrent
Owner (100%)NHV HOLDING ApSCurrent
FounderNHV HOLDING ApSCurrent

The CEOs' other companies

Niels Hvid – 2 other companies

Address history (0 moves)

Cirkelhusene 10, 4100 Ringsted

Employees per year

Number of employees at Hot Air ApS per year112017: 02017

Other companies at the same address

Questions and answers about Hot Air ApS

Has Hot Air ApS gone bankrupt?

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

What is the bankruptcy risk of Hot Air ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Hot Air ApS?

Niels Hvid is the CEO of Hot Air ApS.

When was Hot Air ApS founded?

Hot Air ApS was founded on 4 May 2016.

What is the equity of Hot Air ApS?

Equity was DKK -122k 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.