CUPAH ApS

CVR 38435043 · Private limited company (ApS) · Active · Low risk

CUPAH ApS is a Private limited company (ApS), founded on , based in Roskilde. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 9 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 728k and a net result of DKK -1.3m. CEO: Morten Stage.

Bankruptcy risk for CUPAH ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
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×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
38435043
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Nanocore ApS, Langebjerg 1
4000 Roskilde
Municipality
Roskilde
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 125k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityNo
Equity ratio90.5%
Current ratio1,055%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address50
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -43kDKK -294k
Net profitDKK -1.3mDKK -997k
EquityDKK 728kDKK 2.0m
Total assetsDKK 804kDKK 2.1m
CashDKK 760k–
Short-term debtDKK 76k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202597
1 Jan 2024 – 31 Dec 202492
1 Jan 2023 – 31 Dec 202372
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021199 Late
1 Jan 2020 – 31 Dec 2020190 Late
1 Jan 2019 – 31 Dec 2019245 Late
1 Jan 2018 – 31 Dec 2018156
20 Feb 2017 – 31 Dec 2017156 Restated

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
CEOMorten StageCurrent
CEOThomas Høgh Marschall
BoardHenrik PedersenCurrent
BoardMikkel Dybro LundorfCurrent
BoardJacob Christian Nielsen Thygesen
BoardOle Raft
BoardHenrik Pedersen
BoardMikkel Dybro Lundorf
BoardThomas Høgh Marschall
BoardChristian Steinø
BoardMorten Stage
Owner (100%)NANOCORE ApSCurrent
Owner (100%)NANOCORE ApS
Owner (100%)Morten Stage
Owner (100%)EnergyRevest ApS
Owner (50%)NANOCORE ApS
Owner (33%)EnergyRevest ApS
AuditorDANSK REVISION ROSKILDE, GODKENDT REVISIONSAKTIESELSKAB
FounderNANOCORE ApSCurrent

The CEOs' other companies

Morten Stage – 3 other companies

Thomas Høgh Marschall – 27 other companies, of which 12 bankrupt

Address history (2 moves)

c/o Nanocore ApS, Langebjerg 1, 4000 Roskilde
Bülowsvej 5C, 4. th, 1870 Frederiksberg C
Gothersgade 21, 1123 København K

Former names

CUPAH ApS – now
NanoCore Polymers ApS –

Other companies at the same address

Similar companies in Roskilde

Questions and answers about CUPAH ApS

Has CUPAH ApS gone bankrupt?

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

What is the bankruptcy risk of CUPAH ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of CUPAH ApS?

Morten Stage is the CEO of CUPAH ApS.

Who is the auditor of CUPAH ApS?

CUPAH ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was CUPAH ApS founded?

CUPAH ApS was founded on 20 February 2017.

What is the equity of CUPAH ApS?

Equity was DKK 728k 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.