Thorco Projects ApS

CVR 37745324 · Private limited company (ApS) · Active · Low risk

Thorco Projects ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry investering for egen regning. 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 1.1m and a net result of DKK -595k. CEO: Thor Stadil.

Bankruptcy risk for Thorco Projects ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 59% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
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×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
CEO's other companies30+ · bankruptcy rate 4.3%0.48×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · 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
37745324
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Svanemøllevej 17
2100 København Ø
Municipality
København
Industry
Investering for egen regning (649910)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 8.2m
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 10
Missing annual reportNo
Negative equityNo
Equity ratio50.0%
Current ratio346%
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
Revenue–DKK 0DKK 91.9m
Gross profitDKK -1.7mDKK 2.5mDKK 78.1m
Net profitDKK -595kDKK 2.8mDKK 55.2m
EquityDKK 1.1mDKK 9.1mDKK 6.2m
Total assetsDKK 2.2mDKK 11.2mDKK 33.7m
CashDKK 48kDKK 3.1m–
Short-term debtDKK 612kDKK 1.6m–
Avg. employees00–

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 2024170
1 Jan 2023 – 31 Dec 2023166
1 Jan 2022 – 31 Dec 2022117
1 Jan 2021 – 31 Dec 2021152
1 Jan 2020 – 31 Dec 2020151
1 Jan 2019 – 31 Dec 2019168
1 Jan 2018 – 31 Dec 2018171
1 Jan 2017 – 31 Dec 2017169
24 May 2016 – 31 Dec 2016174

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
BoardThor Stadil
BoardErnesto Walter Schonbrod Brauhardt
BoardRonald Lambertus Maria Bouwens
BoardJesper Malik Møller Ringsholm
BoardJan Egtved Knudsen
BoardMarianne Schelde
BoardEjner Kiel Bonderup
BoardRonald Lambertus Maria Bouwens
BoardPeter Nørgaard Jensen
BoardJesper Malik Møller Ringsholm
BoardRonald Lambertus Maria Bouwens
Owner (100%)Havnegade Capital ApSCurrent
Owner (100%)Thorco Management A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderTHOR SHIPPING A/SCurrent

The CEOs' other companies

Thor Stadil – 57 other companies, of which 53 bankrupt

Address history (1 moves)

Svanemøllevej 17, 2100 København Ø
c/o Thorco Shipping A/S, Tuborg Parkvej 10, 2900 Hellerup

Former names

Thorco Projects ApS – now
Thorco Projects A/S –
Thorco Project A/S –
Thorco Chartering ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Thorco Projects ApS

Has Thorco Projects ApS gone bankrupt?

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

What is the bankruptcy risk of Thorco Projects 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 Thorco Projects ApS?

Thor Stadil is the CEO of Thorco Projects ApS.

Who is the auditor of Thorco Projects ApS?

Thorco Projects ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Thorco Projects ApS founded?

Thorco Projects ApS was founded on 24 May 2016.

What is the equity of Thorco Projects ApS?

Equity was DKK 1.1m 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.