JG Workers ApS

CVR 38124269 · Private limited company (ApS) · Active · Low risk

JG Workers ApS is a Private limited company (ApS), founded on , based in Ebeltoft. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 176k and a net result of DKK 100k. CEO: Jeevan Gnanachandran.

Bankruptcy risk for JG Workers ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% 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×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
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
38124269
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Søndre Strandvej 18
8400 Ebeltoft
Municipality
Syddjurs
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Employees
2 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio48.3%
Current ratio170%
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 year202520242023
Gross profitDKK 372kDKK 336kDKK 191k
Net profitDKK 100kDKK 50kDKK -84k
EquityDKK 176kDKK 60kDKK 9,749
Total assetsDKK 365kDKK 401kDKK 323k
CashDKK 39kDKK 50k–
Short-term debtDKK 189kDKK 341k–
Tax owedDKK 18k––

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 202576
1 Jan 2024 – 31 Dec 202451
1 Jan 2023 – 31 Dec 2023116
1 Jan 2022 – 31 Dec 202246
1 Jan 2021 – 31 Dec 202159
1 Jan 2020 – 31 Dec 202053
1 Jan 2019 – 31 Dec 2019132
1 Jan 2018 – 31 Dec 201855
24 Oct 2016 – 31 Dec 2017135

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
CEOJeevan GnanachandranCurrent
Owner (100%)Jeevan GnanachandranCurrent
FounderJeevan GnanachandranCurrent

Address history (0 moves)

Søndre Strandvej 18, 8400 Ebeltoft

Former names

JG Workers ApS – now
JG Workers IVS –

Employees per year

Number of employees at JG Workers ApS per year122016: 120162017: 120172018: 22018

Other companies at the same address

Similar companies in Syddjurs

Questions and answers about JG Workers ApS

Has JG Workers ApS gone bankrupt?

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

What is the bankruptcy risk of JG Workers ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of JG Workers ApS?

Jeevan Gnanachandran is the CEO of JG Workers ApS.

When was JG Workers ApS founded?

JG Workers ApS was founded on 19 October 2016.

What is the equity of JG Workers ApS?

Equity was DKK 176k 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.