Convert A/S

CVR 39159090 · Public limited company (A/S) · Active · High risk

Convert A/S is a Public limited company (A/S), founded on , based in Ebeltoft. The company is registered in the industry fremstilling af andre tekniske og industrielle tekstiler. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 8.7m and a net result of DKK -31.1m. CEO: Peter Vinkler Simonsen.

Bankruptcy risk for Convert A/S

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×

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
39159090
Status
Active
Company type
Public limited company (A/S)
Founded
(8 years)
Address
Lundbergsvej 10
8400 Ebeltoft
Municipality
Syddjurs
Industry
Fremstilling af andre tekniske og industrielle tekstiler (139600)
Bankruptcies in the industry: Fremstilling af boligtekstiler
Share capital
DKK 28.4m
Employees
8 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityNo
Equity ratio12.7%
Current ratio54%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies1
Other companies at the address12
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -592kDKK 1.5mDKK -1.1m
Net profitDKK -31.1mDKK -18.9mDKK -22.2m
EquityDKK 8.7mDKK -5.8mDKK 13.1m
Total assetsDKK 68.6mDKK 87.5mDKK 94.2m
Short-term debtDKK 16.5mDKK 20.9m–
Avg. employees1621–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024167
1 Jan 2023 – 31 Dec 2023185 Late
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021129
1 Jan 2020 – 31 Dec 2020188 Late
1 Jan 2019 – 31 Dec 2019174
1 Jan 2018 – 31 Dec 2018123
8 Dec 2017 – 31 Dec 2017171

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
CEOPeter Vinkler SimonsenCurrent
CEOStig Gamborg
CEOFlemming Hynkemejer
BoardAnne Sophie GamborgCurrent
BoardJesper Fredberg JensenCurrent
BoardHelle VingolfCurrent
BoardLars Allan Thomassen
BoardStig Gamborg
BoardTorben Svejgård
BoardJesper Fredberg Jensen
BoardStig Gamborg
BoardJesper Fredberg Jensen
BoardTorben Svejgård
BoardAnne Sophie Gamborg
BoardLars Herman Petersen
BoardMassimo Forti
BoardPeter Trillingsgaard
BoardJørgen Ballermann
Owner (33%)KVADRAT A/SCurrent
Owner (33%)MRR 2007 HOLDING ApSCurrent
Owner (15%)Advance Global A/SCurrent
Owner (33%)KVADRAT A/S
Owner (50%)Advance Global A/S
Owner (50%)KVADRAT A/S
Owner (33%)Advance Global A/S
Owner (33%)KVADRAT A/S
Owner (15%)KANITIPE INVESTMENT ApS
Owner (33%)Morten Rønn Rasmussen
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorEY Godkendt Revisionspartnerselskab
FounderKVADRAT A/SCurrent
FounderAdvance Global A/SCurrent

The CEOs' other companies

Peter Vinkler Simonsen – 31 other companies, of which 3 bankrupt

Stig Gamborg – 16 other companies, of which 2 bankrupt

Flemming Hynkemejer – 22 other companies

Address history (1 moves)

Lundbergsvej 10, 8400 Ebeltoft
c/o Naturecell Danmark A/S, Møllerupvej 24, 8410 Rønde

Employees per year

Number of employees at Convert A/S per year482018: 82018

Other companies at the same address

Questions and answers about Convert A/S

Has Convert A/S gone bankrupt?

No, Convert A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Convert A/S?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of Convert A/S?

Peter Vinkler Simonsen is the CEO of Convert A/S.

Who is the auditor of Convert A/S?

Convert A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Convert A/S founded?

Convert A/S was founded on 8 December 2017.

What is the equity of Convert A/S?

Equity was DKK 8.7m 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.