Project 25 ApS

CVR 38237993 · Private limited company (ApS) · Active · Low risk

Project 25 ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry ikke-finansielle holdingselskaber. 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, 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 6.4m and a net result of DKK 6.3m. CEO: Karim Grau Nielsen.

Bankruptcy risk for Project 25 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

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Return on assets15%+ · 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
38237993
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Karim Nielsen, Vester Voldgade 87, 2. th
1552 København V
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 9
Missing annual reportNo
Negative equityNo
Equity ratio77.1%
Current ratio1,525%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -208kDKK -36kDKK -37k
Net profitDKK 6.3mDKK 659kDKK -367k
EquityDKK 6.4mDKK 323kDKK -275k
Total assetsDKK 8.3mDKK 8.5mDKK 7.0m
CashDKK 106kDKK 410k–
Short-term debtDKK 395kDKK 6.5m–
Tax owedDKK 8,140DKK 184k–
Avg. employees0––

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 2025180
1 Jan 2024 – 31 Dec 2024189 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022186 Late
1 Jan 2021 – 31 Dec 2021187 Late
1 Jan 2020 – 31 Dec 2020160
1 Jan 2019 – 31 Dec 2019211 Late
1 Jan 2018 – 31 Dec 2018172
6 Dec 2016 – 31 Dec 2017157

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
CEOKarim Grau NielsenCurrent
Owner (100%)Karim Grau NielsenCurrent
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderKarim Grau NielsenCurrent

The CEOs' other companies

Karim Grau Nielsen – 11 other companies

Address history (2 moves)

c/o Karim Nielsen, Vester Voldgade 87, 2. th, 1552 København V
Vesterbrogade 34, 1620 København V
Lavendelstræde 1, st. th, 1462 København K

Other companies at the same address

Similar companies in København

Questions and answers about Project 25 ApS

Has Project 25 ApS gone bankrupt?

No, Project 25 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Project 25 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 Project 25 ApS?

Karim Grau Nielsen is the CEO of Project 25 ApS.

Who is the auditor of Project 25 ApS?

Project 25 ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Project 25 ApS founded?

Project 25 ApS was founded on 6 December 2016.

What is the equity of Project 25 ApS?

Equity was DKK 6.4m 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.