Think Photography ApS

CVR 39651874 · Private limited company (ApS) · Active · Low risk

Think Photography ApS is a Private limited company (ApS), founded on , based in Odense SØ. The company is registered in the industry fotografiske aktiviteter. 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. The latest annual report (31 Dec 2025) shows equity of DKK 918k and a net result of DKK -1,171. CEO: Martin Pultz Kierstein.

Bankruptcy risk for Think Photography 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

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
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×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×

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
39651874
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Blangstedgårdsvej 8
5220 Odense SØ
Municipality
Odense
Industry
Fotografiske aktiviteter (742000)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 50k
Employees
20 (2018)
Auditor
Boreco
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio46.8%
Current ratio190%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 3.8mDKK 3.5m
Net profitDKK -1,171DKK 479k
EquityDKK 918kDKK 919k
Total assetsDKK 2.0mDKK 1.7m
CashDKK 911k–
Short-term debtDKK 996k–
Tax owedDKK 8,734–
Avg. employees9–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202597
1 Jan 2024 – 31 Dec 202464
1 Jan 2023 – 31 Dec 2023148
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021117
1 Jan 2020 – 31 Dec 2020146
1 Jan 2019 – 31 Dec 201938
1 Jan 2018 – 31 Dec 2018141

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
CEOMartin Pultz KiersteinCurrent
Owner (100%)M. Kierstein Holding ApSCurrent
Owner (100%)Martin Pultz Kierstein
FounderMartin Pultz KiersteinCurrent

The CEOs' other companies

Martin Pultz Kierstein – 2 other companies

Address history (2 moves)

Blangstedgårdsvej 8, 5220 Odense SØ
Reventlowsvej 1, 5000 Odense C
Reventlowsvej 3, 5000 Odense C

Employees per year

Number of employees at Think Photography ApS per year10202018: 202018

Other companies at the same address

Similar companies in Odense

Questions and answers about Think Photography ApS

Has Think Photography ApS gone bankrupt?

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

What is the bankruptcy risk of Think Photography 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 Think Photography ApS?

Martin Pultz Kierstein is the CEO of Think Photography ApS.

Who is the auditor of Think Photography ApS?

Think Photography ApS most recently used Boreco.

When was Think Photography ApS founded?

Think Photography ApS was founded on 18 June 2018.

What is the equity of Think Photography ApS?

Equity was DKK 918k 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.