Vermland ApS

CVR 37941239 · Private limited company (ApS) · Active · Medium risk

Vermland ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 2.3m and a net result of DKK -545k. CEO: Joakim Tolf Vulpius, Anton Melby Bak.

Bankruptcy risk for Vermland ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
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 reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
37941239
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Yderlandsvej 5
2300 København S
Municipality
København
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 59k
Employees
3 (2018)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityNo
Equity ratio25.9%
Current ratio123%
Moves (last 2 years)2
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 4.6mDKK 2.1mDKK 2.5m
Net profitDKK -545kDKK 300kDKK 74k
EquityDKK 2.3mDKK 391kDKK 91k
Total assetsDKK 9.1mDKK 2.8mDKK 2.3m
CashDKK 5.3mDKK 1.4m–
Short-term debtDKK 6.2mDKK 2.3m–
Tax owedDKK 0DKK 66k–
Avg. employees133–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025187 Late
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023191 Late
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021143
1 Jan 2020 – 31 Dec 2020118
1 Jan 2019 – 31 Dec 201979
1 Jan 2018 – 31 Dec 2018123
16 Aug 2016 – 31 Dec 2017144

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
CEOJoakim Tolf VulpiusCurrent
CEOAnton Melby BakCurrent
CEOJeppe Lillegaard Nielsson
CEOJacob Hagemann
BoardJacob HagemannCurrent
BoardAnton Melby BakCurrent
BoardJoakim Tolf VulpiusCurrent
BoardSøren Wilsbech LottrupCurrent
Owner (10%)Lottrup & Co A/SCurrent
Owner (25%)Kejser Cash Flow ApSCurrent
Owner (25%)Paperwork ApSCurrent
Owner (25%)MindShift ApSCurrent
Owner (50%)Orsom Finance ApS
Owner (50%)Kejser Cash Flow ApS
Owner (50%)Paperwork ApS
Owner (33%)Kejser Cash Flow ApS
Owner (33%)Paperwork ApS
Owner (33%)MindShift ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderOrsom Finance ApSCurrent
FounderKejser Cash Flow ApSCurrent

The CEOs' other companies

Joakim Tolf Vulpius – 1 other companies

Anton Melby Bak – 1 other companies

Jeppe Lillegaard Nielsson – 1 other companies

Jacob Hagemann – 21 other companies, of which 10 bankrupt

Address history (3 moves)

Yderlandsvej 5, 2300 København S
c/o Anton Bak, Yderlandsvej 5, 2300 København S
c/o Anton Bak, Ved Slusen 34, 2300 København S
Vermlandsgade 75, 2300 København S

Former names

Vermland ApS – now
Kejser & Sultan ApS –
Sultan & Kejser ApS –

Employees per year

Number of employees at Vermland ApS per year242016: 220162017: 420172018: 32018

Other companies at the same address

Similar companies in København

Questions and answers about Vermland ApS

Has Vermland ApS gone bankrupt?

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

What is the bankruptcy risk of Vermland ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of Vermland ApS?

Joakim Tolf Vulpius, Anton Melby Bak are the CEOs of Vermland ApS.

Who is the auditor of Vermland ApS?

Vermland ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Vermland ApS founded?

Vermland ApS was founded on 16 August 2016.

What is the equity of Vermland ApS?

Equity was DKK 2.3m 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.