Smart Things ApS

CVR 39067293 · Private limited company (ApS) · Active · Low risk

Smart Things ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry reparation og vedligeholdelse af forbrugerelektronik. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 8 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 161k and a net result of DKK 64k. CEO: Ghassan Adnan Abdulnabi Al-Awachi.

Bankruptcy risk for Smart Things ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
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×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
39067293
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Østre Stationsvej 27
5000 Odense C
Municipality
Odense
Industry
Reparation og vedligeholdelse af forbrugerelektronik (952100)
Bankruptcies in the industry: Reparation af andre varer til personligt brug og husholdningsbrug
Share capital
DKK 50k
Employees
3 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 8
Missing annual reportNo
Negative equityNo
Equity ratio44.0%
Current ratio119%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address24
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue––DKK 815k
Gross profitDKK 385kDKK 624kDKK 297k
Net profitDKK 64kDKK -25kDKK -91k
EquityDKK 161kDKK -342kDKK -317k
Total assetsDKK 365kDKK 92kDKK 105k
CashDKK 76kDKK 3,511–
Short-term debtDKK 186kDKK 434k–
Avg. employees45–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021157
1 Jan 2020 – 31 Dec 2020173
1 Jan 2019 – 31 Dec 2019234 Late
7 Nov 2017 – 31 Dec 2018140

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
CEOGhassan Adnan Abdulnabi Al-AwachiCurrent
Owner (100%)Ghassan Adnan Abdulnabi Al-AwachiCurrent
FounderGhassan Adnan Abdulnabi Al-AwachiCurrent

Address history (1 moves)

Østre Stationsvej 27, 5000 Odense C
Esbern Snares Vænge 40, 5000 Odense C

Employees per year

Number of employees at Smart Things ApS per year232018: 32018

Other companies at the same address

Similar companies in Odense

Questions and answers about Smart Things ApS

Has Smart Things ApS gone bankrupt?

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

What is the bankruptcy risk of Smart Things 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 CEO of Smart Things ApS?

Ghassan Adnan Abdulnabi Al-Awachi is the CEO of Smart Things ApS.

When was Smart Things ApS founded?

Smart Things ApS was founded on 7 November 2017.

What is the equity of Smart Things ApS?

Equity was DKK 161k 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.