Kjelds Cykler v /Morten Hanfgan Jepsen ApS

CVR 39338890 · Private limited company (ApS) · Active · Low risk

Kjelds Cykler v /Morten Hanfgan Jepsen ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry detailhandel med cykler. 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 3.6m and a net result of DKK 567k. CEO: Morten Hanfgarn Jepsen.

Bankruptcy risk for Kjelds Cykler v /Morten Hanfgan Jepsen 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

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
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×
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
39338890
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Unsgaardsgade 10, st.
5000 Odense C
Municipality
Odense
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 50k
Employees
5 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityNo
Equity ratio95.3%
Current ratio2,108%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.1mDKK 2.1mDKK 2.1m
Net profitDKK 567kDKK 1.1mDKK 422k
EquityDKK 3.6mDKK 3.1mDKK 2.1m
Total assetsDKK 3.8mDKK 3.9mDKK 2.9m
CashDKK 80kDKK 865k–
Short-term debtDKK 181kDKK 725k–
Tax owed–DKK 0–
Avg. employees12–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025156
1 Jan 2024 – 31 Dec 2024180
1 Jan 2023 – 31 Dec 2023171
1 Jan 2022 – 31 Dec 2022172
1 Jan 2021 – 31 Dec 2021172
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019243 Late
15 Feb 2018 – 31 Dec 2018153

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
CEOMorten Hanfgarn JepsenCurrent
Owner (100%)Morten Hanfgarn JepsenCurrent
FounderMorten Hanfgarn JepsenCurrent

Address history (1 moves)

Unsgaardsgade 10, st., 5000 Odense C
Skibhusvej 105, 5000 Odense C

Former names

Kjelds Cykler v /Morten Hanfgan Jepsen ApS – now
MJ Cykler ApS –

Employees per year

Number of employees at Kjelds Cykler v /Morten Hanfgan Jepsen ApS per year352018: 52018

Other companies at the same address

Similar companies in Odense

Questions and answers about Kjelds Cykler v /Morten Hanfgan Jepsen ApS

Has Kjelds Cykler v /Morten Hanfgan Jepsen ApS gone bankrupt?

No, Kjelds Cykler v /Morten Hanfgan Jepsen ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Kjelds Cykler v /Morten Hanfgan Jepsen 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 Kjelds Cykler v /Morten Hanfgan Jepsen ApS?

Morten Hanfgarn Jepsen is the CEO of Kjelds Cykler v /Morten Hanfgan Jepsen ApS.

When was Kjelds Cykler v /Morten Hanfgan Jepsen ApS founded?

Kjelds Cykler v /Morten Hanfgan Jepsen ApS was founded on 15 February 2018.

What is the equity of Kjelds Cykler v /Morten Hanfgan Jepsen ApS?

Equity was DKK 3.6m 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.