Pine Cone Project ApS

CVR 39155478 · Private limited company (ApS) · Active · Low risk

Pine Cone Project ApS is a Private limited company (ApS), founded on , based in Helsingør. The company is registered in the industry billedkunstnerisk skaben. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 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 99k and a net result of DKK 21k. CEO: Liv Andersen.

Bankruptcy risk for Pine Cone Project ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% 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×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
39155478
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Kronborg 3A, st.
3000 Helsingør
Municipality
Helsingør
Industry
Billedkunstnerisk skaben (901200)
Bankruptcies in the industry: Kunstnerisk skaben
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityNo
Equity ratio59.1%
Current ratio208%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 292kDKK 237kDKK 113k
Net profitDKK 21kDKK 47kDKK 10k
EquityDKK 99kDKK 78kDKK 31k
Total assetsDKK 167kDKK 151kDKK 83k
CashDKK 58kDKK 63k–
Short-term debtDKK 68kDKK 73k–
Tax owedDKK 6,314DKK 13k–
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 2025147
1 Jan 2024 – 31 Dec 2024153
1 Jan 2023 – 31 Dec 2023123
1 Jan 2022 – 31 Dec 2022151
1 Jan 2021 – 31 Dec 2021154
1 Jan 2020 – 31 Dec 2020138
1 Jan 2019 – 31 Dec 2019239 Late
7 Dec 2017 – 31 Dec 2018143

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
CEOLiv AndersenCurrent
CEOThor Bjørn Andersen
Owner (100%)Liv AndersenCurrent
Owner (50%)Thor Bjørn Andersen
Owner (50%)Liv Andersen
FounderThor Bjørn AndersenCurrent
FounderLiv AndersenCurrent

The CEOs' other companies

Thor Bjørn Andersen – 1 other companies

Address history (2 moves)

Kronborg 3A, st., 3000 Helsingør
Refshalevej 110A, 1432 København K
c/o Thor Bjørn Andersen, Solitudevej 3, 4. th, 2200 København N

Former names

Pine Cone Project ApS – now
Pine Cone Project IVS –

Other companies at the same address

Similar companies in Helsingør

Questions and answers about Pine Cone Project ApS

Has Pine Cone Project ApS gone bankrupt?

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

What is the bankruptcy risk of Pine Cone Project ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Pine Cone Project ApS?

Liv Andersen is the CEO of Pine Cone Project ApS.

When was Pine Cone Project ApS founded?

Pine Cone Project ApS was founded on 7 December 2017.

What is the equity of Pine Cone Project ApS?

Equity was DKK 99k 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.