Thorwest Development ApS

CVR 37832553 · Private limited company (ApS) · Active · Low risk

Thorwest Development ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK 103k and a net result of DKK 9,308. CEO: Christian Rygaard Thorwest, Jacob Rygaard Thorwest.

Bankruptcy risk for Thorwest Development ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
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

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
37832553
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Skejby Vænge 143
8200 Aarhus N
Municipality
Aarhus
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 50k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio99.2%
Current ratio11,846%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 68kDKK 119k
Net profitDKK 9,308DKK -46k
EquityDKK 103kDKK 94k
Total assetsDKK 104kDKK 103k
CashDKK 89k–
Short-term debtDKK 881–
Tax owedDKK 881–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025123
1 Oct 2023 – 30 Sep 2024152
1 Oct 2022 – 30 Sep 2023175
1 Oct 2021 – 30 Sep 202272
1 Oct 2020 – 30 Sep 202130
1 Oct 2019 – 30 Sep 202022
1 Oct 2018 – 30 Sep 201971
1 Oct 2017 – 30 Sep 201824
28 Jun 2016 – 30 Sep 201767

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
CEOChristian Rygaard ThorwestCurrent
CEOJacob Rygaard ThorwestCurrent
Owner (33%)J. Thorwest Holding apsCurrent
Owner (50%)C. Thorwest Holding ApSCurrent
FounderJ. Thorwest Holding apsCurrent
FounderC. Thorwest Holding ApSCurrent

The CEOs' other companies

Christian Rygaard Thorwest – 1 other companies

Jacob Rygaard Thorwest – 1 other companies

Address history (0 moves)

Skejby Vænge 143, 8200 Aarhus N

Employees per year

Number of employees at Thorwest Development ApS per year122016: 120162017: 220172018: 12018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Thorwest Development ApS

Has Thorwest Development ApS gone bankrupt?

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

What is the bankruptcy risk of Thorwest Development ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Thorwest Development ApS?

Christian Rygaard Thorwest, Jacob Rygaard Thorwest are the CEOs of Thorwest Development ApS.

When was Thorwest Development ApS founded?

Thorwest Development ApS was founded on 28 June 2016.

What is the equity of Thorwest Development ApS?

Equity was DKK 103k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.