AIR TECH ApS

CVR 37931489 · Private limited company (ApS) · Active · Very high risk

AIR TECH ApS is a Private limited company (ApS), founded on , based in Værløse. The company is registered in the industry andre bygningsinstallationsaktiviteter. Our model estimates a bankruptcy risk of 9.4% over the next 12 months, which is 6.7 times the average for Danish companies. 9 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 148k and a net result of DKK -309k. CEO: Haron Shagiwal.

Bankruptcy risk for AIR TECH ApS

9.4%
probability of bankruptcy within 12 months
Very high risk

6.7 × the average (1.41%) · higher risk than 97% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
Equity ratio20%–40% · bankruptcy rate 6.9%0.79×

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
37931489
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Kirke Værløsevej 34
3500 Værløse
Municipality
Furesø
Industry
Andre bygningsinstallationsaktiviteter (432400)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 9
Missing annual reportNo
Negative equityNo
Equity ratio24.2%
Current ratio125%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address29
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 591kDKK 984kDKK 1.0m
Net profitDKK -309kDKK 540kDKK -718k
EquityDKK 148kDKK 590kDKK 499k
Total assetsDKK 612kDKK 1.3mDKK 630k
CashDKK 515kDKK 120k–
Short-term debtDKK 464kDKK 720k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025188 Late
1 Jan 2024 – 31 Dec 2024190 Late
1 Jan 2023 – 31 Dec 2023106
1 Jan 2022 – 31 Dec 2022176
1 Jan 2021 – 31 Dec 2021184 Late
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019237 Late
1 Jan 2018 – 31 Dec 2018155
13 Aug 2016 – 31 Dec 2017149

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
CEOHaron ShagiwalCurrent
Owner (100%)Haron ShagiwalCurrent
Owner (100%)Nawab Mohammed Shagiwal
FounderNawab Mohammed ShagiwalCurrent

Address history (1 moves)

Kirke Værløsevej 34, 3500 Værløse
Forsvarsvej 16, 2860 Søborg

Former names

AIR TECH ApS – now
N.Doctor ApS –

Employees per year

Number of employees at AIR TECH ApS per year112017: 120172018: 12018

Other companies at the same address

Similar companies in Furesø

Questions and answers about AIR TECH ApS

Has AIR TECH ApS gone bankrupt?

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

What is the bankruptcy risk of AIR TECH ApS?

Our model estimates a bankruptcy risk of 9.4% over the next 12 months (very high risk), which is 6.7 times the average for Danish companies.

Who is the CEO of AIR TECH ApS?

Haron Shagiwal is the CEO of AIR TECH ApS.

When was AIR TECH ApS founded?

AIR TECH ApS was founded on 13 August 2016.

What is the equity of AIR TECH ApS?

Equity was DKK 148k 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.