Lignum ApS

CVR 38328654 · Private limited company (ApS) · Active · Low risk

Lignum ApS is a Private limited company (ApS), founded on , based in Odense SV. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK -11k and a net result of DKK -9,661. CEO: Thomas Majgaard Baarup.

Bankruptcy risk for Lignum ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
38328654
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Fruens Bøge Allé 22
5250 Odense SV
Municipality
Odense
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-52.5%
Current ratio66%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -8,252DKK 808
Net profitDKK -9,661DKK -4,959
EquityDKK -11kDKK -1,039
Total assetsDKK 20kDKK 44k
CashDKK 12k–
Short-term debtDKK 31k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 202574
1 Jul 2023 – 30 Jun 2024183
1 Jul 2022 – 30 Jun 2023167
1 Jul 2021 – 30 Jun 2022175
1 Jul 2020 – 30 Jun 2021134
1 Jul 2019 – 30 Jun 2020136
1 Jul 2018 – 30 Jun 2019152
12 Jan 2017 – 30 Jun 2018152

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
CEOThomas Majgaard BaarupCurrent
CEOMartin Henning Hansen
Owner (100%)Thomas Majgaard BaarupCurrent
Owner (50%)MAHENHA HOLDING ApS
Owner (50%)TMB Holding Odense ApS
FounderMAHENHA HOLDING ApSCurrent
FounderTMB Holding Odense ApSCurrent

The CEOs' other companies

Thomas Majgaard Baarup – 1 other companies

Martin Henning Hansen – 10 other companies, of which 1 bankrupt

Address history (3 moves)

Fruens Bøge Allé 22, 5250 Odense SV
Bøsørevej 15, 5874 Hesselager
Prins Haralds Allé 146, 5250 Odense SV
HI-Park 305, 7400 Herning

Similar companies in Odense

Questions and answers about Lignum ApS

Has Lignum ApS gone bankrupt?

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

What is the bankruptcy risk of Lignum ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Lignum ApS?

Thomas Majgaard Baarup is the CEO of Lignum ApS.

When was Lignum ApS founded?

Lignum ApS was founded on 12 January 2017.

What is the equity of Lignum ApS?

Equity was DKK -11k according to the annual report for the period ending 30 June 2025.

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