Cellugy ApS

CVR 39463725 · Private limited company (ApS) · Active · Low risk

Cellugy ApS is a Private limited company (ApS), founded on , based in Søborg. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 8 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 12.9m and a net result of DKK -17.2m. CEO: Isabel Alvarez Martos.

Bankruptcy risk for Cellugy ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Registered owners4+ · 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
39463725
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Alfa Laval Innovation House Copenhagen, Maskinvej 5
2860 Søborg
Municipality
Gladsaxe
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 114k
Employees
1 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio54.5%
Current ratio220%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address24
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -11.1mDKK -8.5mDKK -4.1m
Net profitDKK -17.2mDKK -11.6mDKK -8.0m
EquityDKK 12.9mDKK 30.1mDKK -131k
Total assetsDKK 23.7mDKK 31.4mDKK 7.0m
CashDKK 14.7mDKK 25.0m–
Short-term debtDKK 10.8mDKK 1.3m–
Avg. employees1611–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025116
1 Jan 2024 – 31 Dec 202492
1 Jan 2023 – 31 Dec 202394
1 Jan 2022 – 31 Dec 202292
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019134
6 Apr 2018 – 31 Dec 2018170

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
CEOIsabel Alvarez MartosCurrent
CEOIsabel Alvarez Martos
CEOParuntungan Sihombing
CEODeby Fapyane
BoardJakob Rybak-AndersenCurrent
BoardJonas Ahm-LundgrenCurrent
BoardPelin YilmazCurrent
BoardIsabel Alvarez MartosCurrent
BoardDamien Alan PerrimanCurrent
BoardSteven Francis SchnittgerCurrent
BoardThomas Bagge Dujardin
BoardParuntungan Sihombing
BoardAndreas Worberg
BoardDamien Alan Perriman
Owner (5%)Planet Sub-Ocean Limited PartnershipCurrent
Owner (33%)dePais ApSCurrent
Owner (5%)UV Fund I K/SCurrent
Owner (10%)Danmarks Eksport- og InvesteringsfondCurrent
Owner (10%)The Footprint Fund I K/SCurrent
Owner (10%)ICIG Ventures Holding GmbHCurrent
Owner (10%)PSV Hafnium Fund I K/SCurrent
Owner (33%)Isabel Alvarez Martos
Owner (33%)Paruntungan Sihombing
Owner (33%)Deby Fapyane
Owner (100%)dePais ApS
Owner (5%)25Grange Capital Holding ApS
Owner (90%)dePais ApS
Owner (10%)PreSeed Ventures A/S
Owner (50%)dePais ApS
Owner (10%)FPF North-East HoldCo III ApS
Owner (10%)The Footprint Fund I K/S
Owner (10%)PreSeed Ventures A/S
FounderIsabel Alvarez MartosCurrent
FounderParuntungan SihombingCurrent
FounderDeby FapyaneCurrent

The CEOs' other companies

Isabel Alvarez Martos – 1 other companies

Deby Fapyane – 1 other companies

Address history (3 moves)

c/o Alfa Laval Innovation House Copenhagen, Maskinvej 5, 2860 Søborg
c/o Ecopark, Bautavej 1A, 8210 Aarhus V
Karupvej 7, st., 8000 Aarhus C
Møllevangs Allé 142, 8200 Aarhus N

Former names

Cellugy ApS – now
Cellugy IVS –

Employees per year

Number of employees at Cellugy ApS per year112018: 12018

Other companies at the same address

Similar companies in Gladsaxe

Questions and answers about Cellugy ApS

Has Cellugy ApS gone bankrupt?

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

What is the bankruptcy risk of Cellugy ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Cellugy ApS?

Isabel Alvarez Martos is the CEO of Cellugy ApS.

Who is the auditor of Cellugy ApS?

Cellugy ApS most recently used Beierholm.

When was Cellugy ApS founded?

Cellugy ApS was founded on 5 April 2018.

What is the equity of Cellugy ApS?

Equity was DKK 12.9m 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.