H20 BLOCK APS

CVR 39023091 · Private limited company (ApS) · Active · Medium risk

H20 BLOCK APS is a Private limited company (ApS), founded on , based in Odense S. The company is registered in the industry andre specialiserede byggeaktiviteter i.a.n.. 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 -1.2m and a net result of DKK -137k. CEO: Søren Gram.

Bankruptcy risk for H20 BLOCK 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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
39023091
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Søvangen 25
5260 Odense S
Municipality
Odense
Industry
Andre specialiserede byggeaktiviteter i.a.n. (439900)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-229.1%
Current ratio30%
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 -84kDKK 214kDKK -121k
Net profitDKK -137kDKK 30kDKK -259k
EquityDKK -1.2mDKK -1.1mDKK -1.1m
Total assetsDKK 535kDKK 604kDKK 492k
Short-term debtDKK 1.8mDKK 1.7m–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025153
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 202361
1 Jan 2022 – 31 Dec 2022137
1 Jan 2021 – 31 Dec 2021107
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019240 Late
18 Oct 2017 – 31 Dec 201886

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
CEOSøren GramCurrent
BoardSøren GramCurrent
BoardAnnette Elinore GramCurrent
BoardAnnline Rigmor GramCurrent
BoardPer Faxe
BoardKim Lennart Larsson
Owner (100%)SASA HOLDING APSCurrent
Owner (50%)SASA HOLDING APS
Owner (50%)BIRKELUND ODENSE HOLDING ApS
FounderSASA HOLDING APSCurrent

The CEOs' other companies

Søren Gram – 14 other companies, of which 1 bankrupt

Address history (0 moves)

Søvangen 25, 5260 Odense S

Employees per year

Number of employees at H20 BLOCK APS per year112018: 12018

Other companies at the same address

Similar companies in Odense

Questions and answers about H20 BLOCK APS

Has H20 BLOCK APS gone bankrupt?

No, H20 BLOCK APS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of H20 BLOCK 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 CEO of H20 BLOCK APS?

Søren Gram is the CEO of H20 BLOCK APS.

When was H20 BLOCK APS founded?

H20 BLOCK APS was founded on 18 October 2017.

What is the equity of H20 BLOCK APS?

Equity was DKK -1.2m 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.