Papirkunst ApS

CVR 38399772 · Private limited company (ApS) · Active · High risk

Papirkunst ApS is a Private limited company (ApS), founded on , based in Blokhus. The company is registered in the industry detailhandel med kunst mv.. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -11k and a net result of DKK -123k. CEO: Britta Dorrit Graae.

Bankruptcy risk for Papirkunst ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
38399772
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Museum for Papirkunst, Ilsigvej 2
9492 Blokhus
Municipality
Jammerbugt
Industry
Detailhandel med kunst mv. (476920)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 50k
Employees
8 (2018)
Auditor
Dansk Revision Wulff &amp; Haaning, Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-0.7%
Current ratio100%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 956kDKK 853k
Net profitDKK -123kDKK 14k
EquityDKK -11kDKK 112k
Total assetsDKK 1.5mDKK 1.7m
CashDKK 17k–
Short-term debtDKK 1.1m–
Avg. employees5–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Dansk Revision Wulff &amp; Haaning, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025152
1 Jan 2024 – 31 Dec 2024112
1 Jan 2023 – 31 Dec 2023110
1 Jan 2022 – 31 Dec 2022135
1 Jan 2021 – 31 Dec 2021117
1 Jan 2020 – 31 Dec 2020131
1 Jan 2019 – 31 Dec 2019111
1 Jan 2018 – 31 Dec 201892
8 Feb 2017 – 31 Dec 2017110

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
CEOBritta Dorrit GraaeCurrent
CEOKaren Bit Vejle
BoardHenning Frost StudsgaardCurrent
BoardKaren Bit VejleCurrent
BoardAnders HjulmandCurrent
BoardOle Henrik WintherCurrent
BoardBritta Dorrit GraaeCurrent
BoardJarl Julian Mathias KolstadCurrent
BoardStinna Toft HaldCurrent
BoardOdd-Einar Christophersen
BoardMogens Christen Gade
BoardTorben Grøngaard Jeppesen
BoardZeleste Kolstad Vejle
BoardMogens Christen Gade
Owner (100%)Den Almennyttige Fond for Psaligrafisk KunstCurrent
Owner (100%)Karen Bit Vejle
Owner (67%)Karen Bit Vejle
Owner (10%)Christopher Vestergaard Vejle
Owner (10%)Zeleste Kolstad Vejle
Owner (10%)Jarl Julian Mathias Kolstad
Owner (25%)Karen Bit Vejle
Owner (25%)Christopher Vestergaard Vejle
Owner (25%)Zeleste Kolstad Vejle
Owner (25%)Jarl Julian Mathias Kolstad
FounderKaren Bit VejleCurrent

The CEOs' other companies

Britta Dorrit Graae – 2 other companies

Karen Bit Vejle – 1 other companies

Address history (1 moves)

c/o Museum for Papirkunst, Ilsigvej 2, 9492 Blokhus
Klitheden Nord 34, 9492 Blokhus

Former names

Papirkunst ApS – now
Bit Denmark ApS –

Employees per year

Number of employees at Papirkunst ApS per year482017: 220172018: 82018

Similar companies in Jammerbugt

Questions and answers about Papirkunst ApS

Has Papirkunst ApS gone bankrupt?

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

What is the bankruptcy risk of Papirkunst ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of Papirkunst ApS?

Britta Dorrit Graae is the CEO of Papirkunst ApS.

Who is the auditor of Papirkunst ApS?

Papirkunst ApS most recently used Dansk Revision Wulff &amp; Haaning, Godkendt Revisionspartnerselskab.

When was Papirkunst ApS founded?

Papirkunst ApS was founded on 8 February 2017.

What is the equity of Papirkunst ApS?

Equity was DKK -11k 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.