CelinderWORKS ApS

CVR 38220144 · Private limited company (ApS) · Active · High risk

CelinderWORKS ApS is a Private limited company (ApS), founded on , based in Dalmose. The company is registered in the industry fremstilling af musikinstrumenter. 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 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -835k and a net result of DKK -229k.

Bankruptcy risk for CelinderWORKS 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

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Share of late annual reports50%–75% · bankruptcy rate 18.4%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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Capital changes1 · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
38220144
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Kærvej 2
4261 Dalmose
Municipality
Slagelse
Industry
Fremstilling af musikinstrumenter (322000)
Bankruptcies in the industry: Fremstilling af medicinske og dentale instrumenter samt udstyr hertil
Share capital
DKK 51k
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-118.9%
Current ratio17%
Moves (last 2 years)2
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -166kDKK 12kDKK -142k
Net profitDKK -229kDKK 2,579DKK -114k
EquityDKK -835kDKK -606kDKK -608k
Total assetsDKK 702kDKK 743kDKK 742k
CashDKK 0DKK 2,325–
Short-term debtDKK 1.5mDKK 1.3m–
Avg. employees10–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024214 Late
1 Jan 2023 – 31 Dec 2023198 Late
1 Jan 2022 – 31 Dec 2022205 Late
1 Jan 2021 – 31 Dec 2021193 Late
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019356 Late
1 Jan 2018 – 31 Dec 2018178
17 Nov 2016 – 31 Dec 2017169

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 Celinder
Owner (100%)C2 Group Holding ApSCurrent
Owner (100%)C2 Holding ApS
FounderC2 Holding ApSCurrent

The CEOs' other companies

Christian Celinder – 5 other companies, of which 3 bankrupt

Address history (2 moves)

Kærvej 2, 4261 Dalmose
Kildegårdsvej 3, 4200 Slagelse
Brolæggerstræde 14A, 1., 1211 København K

Questions and answers about CelinderWORKS ApS

Has CelinderWORKS ApS gone bankrupt?

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

What is the bankruptcy risk of CelinderWORKS 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.

When was CelinderWORKS ApS founded?

CelinderWORKS ApS was founded on 17 November 2016.

What is the equity of CelinderWORKS ApS?

Equity was DKK -835k 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.