ShadowWindows ApS

CVR 38759736 · Private limited company (ApS) · Active · Low risk

ShadowWindows ApS is a Private limited company (ApS), founded on , based in Hadsten. The company is registered in the industry fremstilling og bearbejdning af andet glas, herunder teknisk glas. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 1.9m and a net result of DKK 694k. CEO: Karsten Høgh Nielsen.

Bankruptcy risk for ShadowWindows ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
38759736
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Astrup Skovvej 14
8370 Hadsten
Municipality
Favrskov
Industry
Fremstilling og bearbejdning af andet glas, herunder teknisk glas (231500)
Bankruptcies in the industry: Fremstilling af byggematerialer af beton
Share capital
DKK 50k
Employees
3 (2018)
Auditor
Kreston SR
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio61.6%
Current ratio287%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.7mDKK 1.6m
Net profitDKK 694kDKK 509k
EquityDKK 1.9mDKK 1.5m
Total assetsDKK 3.0mDKK 3.0m
CashDKK 356k–
Short-term debtDKK 954k–
Tax owedDKK 173k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Kreston SR.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025106
1 Jul 2023 – 30 Jun 2024127
1 Jul 2022 – 30 Jun 2023159
1 Jul 2021 – 30 Jun 2022130
1 Jul 2020 – 30 Jun 2021142
1 Jul 2019 – 30 Jun 2020128
1 Jul 2018 – 30 Jun 2019155
30 Jun 2017 – 30 Jun 2018156

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
CEOKarsten Høgh NielsenCurrent
CEOMichael Høy Larsen
Owner (100%)ShadowWindows Holding ApSCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorKreston SR STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderShadowWindows Holding ApSCurrent

The CEOs' other companies

Karsten Høgh Nielsen – 2 other companies

Michael Høy Larsen – 1 other companies

Address history (3 moves)

Astrup Skovvej 14, 8370 Hadsten
Astrup Skovvej 14, 8370 Hadsten
Constantiavej 33, 9900 Frederikshavn
Ravmarken 6A, 9970 Strandby

Employees per year

Number of employees at ShadowWindows ApS per year352017: 520172018: 32018

Other companies at the same address

Questions and answers about ShadowWindows ApS

Has ShadowWindows ApS gone bankrupt?

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

What is the bankruptcy risk of ShadowWindows ApS?

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

Who is the CEO of ShadowWindows ApS?

Karsten Høgh Nielsen is the CEO of ShadowWindows ApS.

Who is the auditor of ShadowWindows ApS?

ShadowWindows ApS most recently used Kreston SR.

When was ShadowWindows ApS founded?

ShadowWindows ApS was founded on 30 June 2017.

What is the equity of ShadowWindows ApS?

Equity was DKK 1.9m 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.