QM Technologies ApS

CVR 37786268 · Private limited company (ApS) · Active · High risk

QM Technologies ApS is a Private limited company (ApS), founded on , based in Ballerup. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 9 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 -16.6m and a net result of DKK -22.4m. CEO: Itamar Sivan, Yonatan Cohen.

Bankruptcy risk for QM Technologies ApS

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×

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
37786268
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
c/o QM Technologies ApS, Lautrupvang 2
2750 Ballerup
Municipality
Ballerup
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 56k
Employees
3 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-68.3%
Current ratio55%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address17
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 339kDKK 19.8m
Net profitDKK -22.4mDKK -605k
EquityDKK -16.6mDKK 5.8m
Total assetsDKK 24.3mDKK 25.9m
CashDKK 438k–
Short-term debtDKK 40.9m–
Tax owedDKK 0–
Avg. employees27–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025198 Late
1 Jan 2024 – 31 Dec 2024177
1 Jan 2023 – 31 Dec 2023175
1 Jul 2021 – 30 Jun 2022159
1 Jul 2020 – 30 Jun 2021152
1 Jul 2019 – 30 Jun 2020161
1 Jul 2018 – 30 Jun 2019165
1 Jul 2017 – 30 Jun 2018165
31 May 2016 – 30 Jun 2017154

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
CEOItamar SivanCurrent
CEOYonatan CohenCurrent
CEOJonatan Kutchinsky
BoardJonatan Kutchinsky
BoardFerdinand Kümmeth
BoardCharles Masamed Marcus
BoardDavid John Reilly
BoardHenrik Taudorf Lorensen
BoardItamar Sivan
BoardYonatan Cohen
Owner (100%)QM Technologies Inc.Current
Owner (25%)Kutchinsky Holding ApS
Owner (25%)Gersemi Holding ApS
Owner (25%)CMarcus IVS
Owner (25%)Zero Point Consulting IVS
Owner (33%)Kutchinsky Holding ApS
Owner (33%)Gersemi Holding ApS
Owner (5%)Anders van der Aa Kühle
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorGR2001 ApS
AuditorJS Revision, Godkendt Revisionsaktieselskab
FounderKutchinsky Holding ApSCurrent
FounderGersemi Holding ApSCurrent
FounderCMarcus IVSCurrent
FounderZero Point Consulting IVSCurrent

The CEOs' other companies

Jonatan Kutchinsky – 7 other companies

Address history (4 moves)

c/o QM Technologies ApS, Lautrupvang 2, 2750 Ballerup
c/o QM Technologies ApS, Lautrupvang 2A, 2750 Ballerup
Fruebjergvej 3, 2100 København Ø
Jagtvej 157, 2200 København N
Kirke Værløsevej 20B, 1., 3500 Værløse

Former names

QM Technologies ApS – now
QDevil ApS –
QDevil IVS –

Employees per year

Number of employees at QM Technologies ApS per year232017: 120172018: 32018

Other companies at the same address

Similar companies in Ballerup

Questions and answers about QM Technologies ApS

Has QM Technologies ApS gone bankrupt?

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

What is the bankruptcy risk of QM Technologies ApS?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of QM Technologies ApS?

Itamar Sivan, Yonatan Cohen are the CEOs of QM Technologies ApS.

Who is the auditor of QM Technologies ApS?

QM Technologies ApS most recently used EY Godkendt Revisionspartnerselskab.

When was QM Technologies ApS founded?

QM Technologies ApS was founded on 31 May 2016.

What is the equity of QM Technologies ApS?

Equity was DKK -16.6m 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.