TOTEK MACHINERY ApS

CVR 38982524 · Private limited company (ApS) · Active · Low risk

TOTEK MACHINERY ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry reparation og vedligeholdelse af maskiner. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 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 -2,476 and a net result of DKK -4,163. CEO: Toke Magnus Spangsbjerg Storm.

Bankruptcy risk for TOTEK MACHINERY ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%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

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · 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×
Industry changes1 · bankruptcy rate 6.5%0.74×
Capital changes1 · bankruptcy rate 7.0%0.80×

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
38982524
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Tolderlundsvej 69B, 1. 51
5000 Odense C
Municipality
Odense
Industry
Reparation og vedligeholdelse af maskiner (331200)
Bankruptcies in the industry: Reparation af maskiner
Share capital
DKK 40k
Employees
0 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-10.2%
Current ratio91%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -5,239DKK 57kDKK 67k
Net profitDKK -4,163DKK -20kDKK -4,357
EquityDKK -2,476DKK 1,686DKK 22k
Total assetsDKK 24kDKK 24kDKK 70k
CashDKK 2,387DKK 5,195–
Short-term debtDKK 27kDKK 23k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024180
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020183
1 Jan 2019 – 31 Dec 2019243 Late
3 Oct 2017 – 31 Dec 2018129

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
CEOToke Magnus Spangsbjerg StormCurrent
Owner (100%)Toke Magnus Spangsbjerg StormCurrent
FounderToke Magnus Spangsbjerg StormCurrent

Address history (2 moves)

Tolderlundsvej 69B, 1. 51, 5000 Odense C
Tolderlundsvej 69B, 1. 51, 5000 Odense C
Rønnebærgrenen 4, 1. 2, 5500 Middelfart

Former names

TOTEK MACHINERY ApS – now
TOTEK MACHINERY IVS –

Employees per year

Number of employees at TOTEK MACHINERY ApS per year112018: 02018

Other companies at the same address

Similar companies in Odense

Questions and answers about TOTEK MACHINERY ApS

Has TOTEK MACHINERY ApS gone bankrupt?

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

What is the bankruptcy risk of TOTEK MACHINERY ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of TOTEK MACHINERY ApS?

Toke Magnus Spangsbjerg Storm is the CEO of TOTEK MACHINERY ApS.

Who is the auditor of TOTEK MACHINERY ApS?

TOTEK MACHINERY ApS most recently used Beierholm.

When was TOTEK MACHINERY ApS founded?

TOTEK MACHINERY ApS was founded on 3 October 2017.

What is the equity of TOTEK MACHINERY ApS?

Equity was DKK -2,476 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.