KunstArt ApS

CVR 39369907 · Private limited company (ApS) · Active · Low risk

KunstArt ApS is a Private limited company (ApS), founded on , based in Kibæk. The company is registered in the industry detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n.. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 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 -493k and a net result of DKK -50k.

Bankruptcy risk for KunstArt ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Capital changes1 · bankruptcy rate 7.0%0.80×

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
39369907
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Arnborgvej 1
6933 Kibæk
Municipality
Herning
Industry
Detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n. (475590)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
Kreston SR
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-102.8%
Current ratio120%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -10kDKK -13kDKK -7,912
Net profitDKK -50kDKK 63kDKK -29k
EquityDKK -493kDKK -443kDKK -506k
Total assetsDKK 480kDKK 459kDKK 340k
CashDKK 18kDKK 38k–
Short-term debtDKK 401kDKK 367k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Kreston SR.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022165
1 Jan 2021 – 31 Dec 2021178
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019241 Late
26 Feb 2018 – 31 Dec 2018172

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
Owner (100%)Joakim Reinhold ØstergårdCurrent
FounderJoakim Reinhold ØstergårdCurrent

Address history (0 moves)

Arnborgvej 1, 6933 Kibæk

Former names

KunstArt ApS – now
KunstArt IVS –

Other companies at the same address

Similar companies in Herning

Questions and answers about KunstArt ApS

Has KunstArt ApS gone bankrupt?

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

What is the bankruptcy risk of KunstArt ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the auditor of KunstArt ApS?

KunstArt ApS most recently used Kreston SR.

When was KunstArt ApS founded?

KunstArt ApS was founded on 26 February 2018.

What is the equity of KunstArt ApS?

Equity was DKK -493k 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.