Gnisten A/S

CVR 38320394 · Public limited company (A/S) · Active · Low risk

Gnisten A/S is a Public limited company (A/S), founded on , based in Horsens. The company is registered in the industry anden udlejning af boliger. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK 22.3m and a net result of DKK 2.0m. CEO: Christian Flach Højgaard-Bülow.

Bankruptcy risk for Gnisten A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
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
38320394
Status
Active
Company type
Public limited company (A/S)
Founded
(9 years)
Address
Strandkærvej 30
8700 Horsens
Municipality
Horsens
Industry
Anden udlejning af boliger (682030)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 420k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio31.5%
Current ratio69%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 3.9mDKK 2.8m
Net profitDKK 2.0mDKK 1.8m
EquityDKK 22.3mDKK 20.3m
Total assetsDKK 70.9mDKK 58.6m
CashDKK 87k–
Short-term debtDKK 3.5m–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025108
1 Oct 2023 – 30 Sep 2024101
1 Oct 2022 – 30 Sep 2023115
1 Oct 2021 – 30 Sep 202245
1 Oct 2020 – 30 Sep 202183
1 Oct 2019 – 30 Sep 202070
1 Apr 2018 – 31 Mar 2019121
2 Jan 2017 – 31 Mar 201895

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 Flach Højgaard-BülowCurrent
CEOOle Dam Rasmussen
CEOAnton Nørgaard Jensen
CEOKristen Vangsø Laursen
BoardChristian Flach Højgaard-BülowCurrent
BoardHeidi Flach Højgaard-BülowCurrent
BoardAlex Mandrup PaulsenCurrent
BoardHelle Korsgaard PaulsenCurrent
Owner (33%)ALEX MANDRUP PAULSEN HOLDING I ApSCurrent
Owner (67%)CHRISTIAN HØJGAARD HOLDING I ApSCurrent
Owner (100%)DANSK BOLIGBYG A/S
Owner (100%)DBE Holding Aps
Owner (67%)CHRISTIAN HØJGAARD HOLDING I ApS
Owner (67%)Flach Familie ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderDANSK BOLIGBYG A/SCurrent

The CEOs' other companies

Christian Flach Højgaard-Bülow – 20 other companies

Ole Dam Rasmussen – 24 other companies, of which 2 bankrupt

Anton Nørgaard Jensen – 19 other companies, of which 5 bankrupt

Kristen Vangsø Laursen – 49 other companies, of which 6 bankrupt

Address history (1 moves)

Strandkærvej 30, 8700 Horsens
Erhvervsbyvej 11, 2., 8700 Horsens

Former names

Gnisten A/S – now
Gnisten ApS –
Bjerrevej I ApS –

Other companies at the same address

Similar companies in Horsens

Questions and answers about Gnisten A/S

Has Gnisten A/S gone bankrupt?

No, Gnisten A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Gnisten A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Gnisten A/S?

Christian Flach Højgaard-Bülow is the CEO of Gnisten A/S.

Who is the auditor of Gnisten A/S?

Gnisten A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was Gnisten A/S founded?

Gnisten A/S was founded on 2 January 2017.

What is the equity of Gnisten A/S?

Equity was DKK 22.3m according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.