TetraSpar Demonstrator ApS

CVR 39927330 · Private limited company (ApS) · Active · High risk

TetraSpar Demonstrator ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 7 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -9.5m and a net result of DKK -13.8m. CEO: Jacob Winning Lehmann.

Bankruptcy risk for TetraSpar Demonstrator ApS

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% 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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
39927330
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Treetop Partners P/S, Bredgade 30
1260 København K
Municipality
København
Industry
Rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder (711210)
Bankruptcies in the industry: Rådgivende ingeniørvirksomhed inden for byggeri og anlægsarbejder
Share capital
DKK 7,532
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-201.2%
Current ratio658%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address221
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -312kDKK -514kDKK -844k
Net profitDKK -13.8mDKK -453kDKK -3.4m
EquityDKK -9.5mDKK 2.6mDKK 2.8m
Total assetsDKK 4.7mDKK 4.0mDKK 3.3m
CashDKK 4.4mDKK 3.7m–
Short-term debtDKK 718kDKK 1.4m–
Tax owedDKK 3,840DKK 5,049–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025170
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 202289
1 Jan 2021 – 31 Dec 2021182
1 Jan 2020 – 31 Dec 2020186 Late
9 Oct 2018 – 31 Dec 2019240 Late

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
CEOJacob Winning LehmannCurrent
BoardHenrik StiesdalCurrent
BoardPeder Riis NickelsenCurrent
BoardTsuyoshi YoshinagaCurrent
BoardGintare KuodyteCurrent
BoardNiels Olaf Ahrengot
BoardJacob Winning Lehmann
BoardMartin Andre-Ferreira
BoardJames Duncan Cotter
BoardMelissa Read
BoardChristopher Lawrence Willow
BoardTakehiko Ikenouchi
BoardLaurens Christiaan Willem van Seventer
BoardJerica Dawn Nolte
BoardMikkel Hedegaard Kristensen
Owner (0%)Stiesdal Offshore A/SCurrent
Owner (33%)RWE Renewables International Participations B.V.Current
Owner (50%)Tepco Renewable Power, IncorporatedCurrent
Owner (0%)Stiesdal Offshore A/S
Owner (25%)STIESDAL A/S
Owner (0%)Stiesdal Offshore A/S
Owner (25%)Innogy SE
Owner (25%)Shell Ventures BV
Owner (50%)Shell Ventures BV
Owner (20%)RWE Renewables International Participations B.V.
Owner (0%)Stiesdal Offshore A/S
Owner (33%)Shell Ventures BV
Owner (25%)Tepco Renewable Power, Incorporated
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderStiesdal Offshore A/SCurrent

The CEOs' other companies

Jacob Winning Lehmann – 8 other companies

Address history (2 moves)

c/o Treetop Partners P/S, Bredgade 30, 1260 København K
c/o Treetop Partners P/S, Havnegade 27, st., 1058 København K
Bredgade 30, 1260 København K

Other companies at the same address

Similar companies in København

Questions and answers about TetraSpar Demonstrator ApS

Has TetraSpar Demonstrator ApS gone bankrupt?

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

What is the bankruptcy risk of TetraSpar Demonstrator ApS?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of TetraSpar Demonstrator ApS?

Jacob Winning Lehmann is the CEO of TetraSpar Demonstrator ApS.

Who is the auditor of TetraSpar Demonstrator ApS?

TetraSpar Demonstrator ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was TetraSpar Demonstrator ApS founded?

TetraSpar Demonstrator ApS was founded on 9 October 2018.

What is the equity of TetraSpar Demonstrator ApS?

Equity was DKK -9.5m 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.