TBR-ApS

CVR 39140322 · Private limited company (ApS) · Active · Very high risk

TBR-ApS is a Private limited company (ApS), founded on , based in Greve. The company is registered in the industry vejgodstransport. Our model estimates a bankruptcy risk of 21.6% over the next 12 months, which is 15.4 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 -1.6m and a net result of DKK 87k. CEO: Muzamil Ihasan Ullah.

Bankruptcy risk for TBR-ApS

21.6%
probability of bankruptcy within 12 months
Very high risk

15.4 × the average (1.41%) · higher risk than 99% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
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×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
39140322
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Håndværkerbyen 37, st.
2670 Greve
Municipality
Greve
Industry
Vejgodstransport (494100)
Bankruptcies in the industry: Vejgodstransport
Share capital
DKK 40k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-31.7%
Current ratio71%
Moves (last 2 years)1
CEO changes in total8
CEO's previous bankruptcies1
Other companies at the address19
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 19.1mDKK 14.1mDKK 11.5m
Net profitDKK 87kDKK -664kDKK -919k
EquityDKK -1.6mDKK -1.7mDKK -1.0m
Total assetsDKK 5.0mDKK 3.6mDKK 3.0m
CashDKK 818kDKK 90k–
Short-term debtDKK 6.6mDKK 5.3m–
Avg. employees3622–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023194 Late
1 Jan 2022 – 31 Dec 2022182
1 Jan 2021 – 31 Dec 2021202 Late
1 Jan 2020 – 31 Dec 2020214 Late
1 Jan 2019 – 31 Dec 201921
5 Dec 2017 – 31 Dec 2018113

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
CEOMuzamil Ihasan UllahCurrent
CEONasim Muhammad Ramzan
CEOImane Laib
CEOMohammed Jaber
CEOSaqlain Haider Ihasan Ullah
Owner (100%)Muzamil Ihasan UllahCurrent
Owner (100%)Nasim Muhammad Ramzan
Owner (100%)Imane Laib
Owner (100%)Daniel Dahl
Owner (100%)Dennis Heiselberg Hansen
Owner (100%)Mohammed Jaber
Owner (100%)Omar Jaber
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorREVISIONSFIRMAET CHRISTIAN DANIELSEN. REGISTRERET REVISIONSANPARTSSELSKAB
FounderNasim Muhammad RamzanCurrent

The CEOs' other companies

Muzamil Ihasan Ullah – 2 other companies, of which 1 bankrupt

Nasim Muhammad Ramzan – 2 other companies, of which 1 bankrupt

Mohammed Jaber – 3 other companies, of which 1 bankrupt

Address history (7 moves)

Håndværkerbyen 37, st., 2670 Greve
c/o 2.13A, Norvangen 3D, 2., 4220 Korsør
c/o Mohammed Jaber, Stendam 5, 2650 Hvidovre
c/o Erhvervsstyrelsen, Dahlerups Pakhus, Langelinie Allé 17, 2100 København Ø
Avedøreholmen 82, 2650 Hvidovre
c/o TBR Group ApS, Smedeland 7B, st., 2600 Glostrup
K.M. Klausens Gade 42, st. th, 2450 København SV
Birkedommervej 17, 3. th, 2400 København NV

Former names

TBR-ApS – now
Dansk Epoxy ApS –
Dansk Epoxy IVS –
Investbyg IVS –
A1 Security IVS –

Other companies at the same address

Similar companies in Greve

Questions and answers about TBR-ApS

Has TBR-ApS gone bankrupt?

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

What is the bankruptcy risk of TBR-ApS?

Our model estimates a bankruptcy risk of 21.6% over the next 12 months (very high risk), which is 15.4 times the average for Danish companies.

Who is the CEO of TBR-ApS?

Muzamil Ihasan Ullah is the CEO of TBR-ApS.

Who is the auditor of TBR-ApS?

TBR-ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was TBR-ApS founded?

TBR-ApS was founded on 5 December 2017.

What is the equity of TBR-ApS?

Equity was DKK -1.6m 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.