Green Substrate ApS

CVR 38649183 · Private limited company (ApS) · Active · Medium risk

Green Substrate ApS is a Private limited company (ApS), founded on , based in Randers SØ. The company is registered in the industry forarbejdning af afgrøder efter høst af frø/sædekorn til udsæd. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 8 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -1.9m and a net result of DKK -9,949.

Bankruptcy risk for Green Substrate ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% 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×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · 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
38649183
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Advanced Substrate Technology ApS, Virkevangen 13
8960 Randers SØ
Municipality
Randers
Industry
Forarbejdning af afgrøder efter høst af frø/sædekorn til udsæd (016300)
Bankruptcies in the industry: Dyrkning af korn (undtagen ris), bælgfrugter og olieholdige frø
Share capital
DKK 50k
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-97,599.1%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -7,706DKK -6,790DKK -11k
Net profitDKK -9,949DKK -61kDKK -176k
EquityDKK -1.9mDKK -1.9mDKK -1.8m
Total assetsDKK 1,927DKK 3,364DKK 1,401
CashDKK 0DKK 3,363–
Short-term debtDKK 1.9mDKK 1.9m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024143
1 Jan 2023 – 31 Dec 2023116
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021180
1 Oct 2019 – 30 Sep 202079
1 Oct 2018 – 30 Sep 201966
5 May 2017 – 30 Sep 2018162

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
Owner (100%)ADVANCED SUBSTRATE TECHNOLOGIES A/SCurrent
Owner (50%)Peter Damgaard Nielsen
Owner (50%)Lone Bak
Owner (20%)Svend Kristian Hoff
Owner (67%)Peter Damgaard Nielsen
Owner (20%)Anders Netschajew Damgaard
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
FounderPeter Damgaard NielsenCurrent
FounderLone BakCurrent

Address history (1 moves)

c/o Advanced Substrate Technology ApS, Virkevangen 13, 8960 Randers SØ
c/o Lone Bak, Marselis Boulevard 22, 4. th, 8000 Aarhus C

Former names

Green Substrate ApS – now
Vesterhavsgården Holding ApS –

Other companies at the same address

Questions and answers about Green Substrate ApS

Has Green Substrate ApS gone bankrupt?

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

What is the bankruptcy risk of Green Substrate ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the auditor of Green Substrate ApS?

Green Substrate ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was Green Substrate ApS founded?

Green Substrate ApS was founded on 5 May 2017.

What is the equity of Green Substrate ApS?

Equity was DKK -1.9m 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.