Quadsat ApS

CVR 38495224 · Private limited company (ApS) · Active · Low risk

Quadsat ApS is a Private limited company (ApS), founded on , based in Odense N. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 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 35.2m and a net result of DKK -18.8m.

Bankruptcy risk for Quadsat ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years3+ · bankruptcy rate 41.0%4.7×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
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×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
38495224
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Lufthavnvej 131
5270 Odense N
Municipality
Nordfyns
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 202k
Employees
7 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late4 of 9
Missing annual reportNo
Negative equityNo
Equity ratio72.7%
Current ratio387%
Moves (last 2 years)3
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address12
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 6.4mDKK 1.7m
Net profitDKK -18.8mDKK -17.7m
EquityDKK 35.2mDKK 16.7m
Total assetsDKK 48.5mDKK 30.8m
CashDKK 29.2m–
Short-term debtDKK 12.3m–
Avg. employees41–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024189 Late
1 Jan 2023 – 31 Dec 2023170
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021186 Late
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019240 Late
1 Jan 2018 – 31 Dec 2018158
15 Mar 2017 – 31 Dec 2017167

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
CEOAndrian Buchi
BoardJoakim EspelandCurrent
BoardSimon Frederik Loft ØelundCurrent
BoardRob DesboroughCurrent
BoardHelge MunkCurrent
BoardKarina Bergstrøm LarsenCurrent
BoardJan Nils BorgstädtCurrent
BoardHelge Munk
BoardAndrian Buchi
BoardTorben Frigaard Rasmussen
BoardDaniel Carew
BoardMax Bautin
Owner (15%)HELGE MUNK HOLDING ApSCurrent
Owner (10%)Buchi Holding ApSCurrent
Owner (10%)J. Espeland Holding ApSCurrent
Owner (10%)Seraphim Space Investment Trust plcCurrent
Owner (5%)IQ Capital Fund IV A LPCurrent
Owner (10%)Danmarks Eksport- og InvesteringsfondCurrent
Owner (10%)Join Capital Fund II GmbH & Co. KGCurrent
Owner (10%)North Ventures Fund I K/SCurrent
Owner (33%)Buchi Holding ApS
Owner (33%)J. Espeland Holding ApS
Owner (15%)HELGE MUNK HOLDING ApS
Owner (15%)VÆKSTFONDEN
Owner (15%)Seraphim Space LP
Owner (5%)TPC MANAGEMENT ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
FounderBuchi Holding ApSCurrent
FounderJ. Espeland Holding ApSCurrent

The CEOs' other companies

Andrian Buchi – 1 other companies

Address history (4 moves)

Lufthavnvej 131, 5270 Odense N
Lumbyvej 26B, 5000 Odense C
Lufthavnvej 131, 5270 Odense N
Lufthavnvej 151, 5270 Odense N
c/o VBI, Chr M Østergaards Vej 4A, 3., 8700 Horsens

Former names

Quadsat ApS – now
QuadSAT ApS –
QuadSAT IVS –

Employees per year

Number of employees at Quadsat ApS per year472017: 320172018: 72018

Other companies at the same address

Similar companies in Nordfyns

Questions and answers about Quadsat ApS

Has Quadsat ApS gone bankrupt?

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

What is the bankruptcy risk of Quadsat 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 auditor of Quadsat ApS?

Quadsat ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Quadsat ApS founded?

Quadsat ApS was founded on 15 March 2017.

What is the equity of Quadsat ApS?

Equity was DKK 35.2m 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.