Initial Trading Denmark ApS
CVR 39537958 · Private limited company (ApS) · Active · Low risk
Initial Trading Denmark ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry anden specialiseret engroshandel 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 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 362k and a net result of DKK 53k. CEO: Thomas Nicola Ulisse.
Bankruptcy risk for Initial Trading Denmark ApS
0.4 × the average (1.41%) · higher risk than 60% of active Danish companies
Increases the risk
Reduces the risk
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
- 39537958
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (8 years)
- Address
- Fredensgade 20
5000 Odense C - Municipality
- Odense
- Industry
- Anden specialiseret engroshandel i.a.n. (468900)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr - Share capital
- DKK 50k
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 5 of 8 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 89.1% |
| Current ratio | 915% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 4 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 167k | DKK 121k |
| Net profit | DKK 53k | DKK 11k |
| Equity | DKK 362k | DKK 317k |
| Total assets | DKK 407k | DKK 365k |
| Cash | DKK 73k | – |
| Short-term debt | DKK 44k | – |
| Avg. employees | 1 | – |
Latest annual report: Reporting class B · auditor's statement: No assurance.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 193 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 177 | ||
| 1 Jan 2023 – 31 Dec 2023 | 178 | ||
| 1 Jan 2022 – 31 Dec 2022 | 200 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 199 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 200 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 270 | Late | |
| 2 May 2018 – 31 Dec 2018 | 180 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Thomas Nicola Ulisse | Current | |
| CEO | Mads Henrik Kristensen | ||
| Owner (50%) | FRANCESCO ULISSE ApS | Current | |
| Owner (33%) | Conglomerate Holding ApS | Current | |
| Owner (100%) | Thomas Nicola Ulisse | ||
| Owner (100%) | FRANCESCO ULISSE ApS | ||
| Founder | Thomas Nicola Ulisse | Current |
The CEOs' other companies
Thomas Nicola Ulisse – 7 other companies
- Agenzia ApS Active
- FCL A/S Active
- FRANCESCO ULISSE ApS Active
- Fabula-Jewels Danmark ApS Opløst
- Fabula-Jewels Denmark IVS Opløst
- Medi Care Denmark A/S Active
- Willpower ApS Active
Mads Henrik Kristensen – 13 other companies, of which 4 bankrupt
- GENCO FOODS ApS Bankrupt 2 Jul 2014
- KRISTENSEN DESIGN ApS Bankrupt 13 Mar 2003
- NORDIC DEFINED A/S Bankrupt 27 Jan 2017
- THE CHC COMPANY ApS Bankrupt 7 Feb 2013
- Conglomerate Holding ApS Active
- Dan Chain IVS Compulsorily dissolved
- FCL A/S Active
- Fabula-Jewels Denmark IVS Opløst
- KASA DOMESTIC ApS Compulsorily dissolved
- Medi Care Denmark A/S Active
- SALESPROMOTER ApS Compulsorily dissolved
- TEMP HOLDING ApS Fusioneret
- TOP DRAWER HOLDING ApS Compulsorily dissolved
Address history (2 moves)
| Fredensgade 20, 5000 Odense C | |
| Fredensgade 20, 5000 Odense C | |
| Havnegade 57, 5000 Odense C |
Former names
| Initial Trading Denmark ApS | – now |
| The Phoenix International Group Holding ApS | – |
Other companies at the same address
- Fabula-Jewels Danmark ApS Opløst
- Medi Care Denmark A/S Active
- Ruzzel IVS Compulsorily dissolved
- Willpower ApS Active
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Questions and answers about Initial Trading Denmark ApS
Has Initial Trading Denmark ApS gone bankrupt?
No, Initial Trading Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Initial Trading Denmark 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 CEO of Initial Trading Denmark ApS?
Thomas Nicola Ulisse is the CEO of Initial Trading Denmark ApS.
When was Initial Trading Denmark ApS founded?
Initial Trading Denmark ApS was founded on 2 May 2018.
What is the equity of Initial Trading Denmark ApS?
Equity was DKK 362k 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.