Cheers ApS

CVR 40024425 · Private limited company (ApS) · Active · High risk

Cheers ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry engroshandel med andre husholdningsartikler i.a.n.. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 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 -293k and a net result of DKK -50k. CEO: Mads Uhrenholt Holmgren.

Bankruptcy risk for Cheers 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

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
40024425
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Mads Holmgren, Heibergsgade 1A, 5. th
8000 Aarhus C
Municipality
Aarhus
Industry
Engroshandel med andre husholdningsartikler i.a.n. (464990)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-103.0%
Current ratio49%
Moves (last 2 years)2
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -33kDKK -90kDKK -52k
Net profitDKK -50kDKK -128kDKK -86k
EquityDKK -293kDKK -243kDKK -115k
Total assetsDKK 284kDKK 279kDKK 430k
Short-term debtDKK 577kDKK 522k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025121
1 Jan 2024 – 31 Dec 2024163
1 Jan 2023 – 31 Dec 202317
1 Jan 2022 – 31 Dec 2022157
1 Jan 2021 – 31 Dec 202131
1 Jan 2020 – 31 Dec 202013
1 Jan 2019 – 31 Dec 201990
15 Nov 2018 – 31 Dec 2018290 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
CEOMads Uhrenholt HolmgrenCurrent
CEOSebastian Holst De Clerck
Owner (100%)Mads Uhrenholt HolmgrenCurrent
Owner (50%)Sebastian Holst De Clerck
FounderMads Uhrenholt HolmgrenCurrent
FounderSebastian Holst De ClerckCurrent

The CEOs' other companies

Mads Uhrenholt Holmgren – 2 other companies

Address history (6 moves)

c/o Mads Holmgren, Heibergsgade 1A, 5. th, 8000 Aarhus C
c/o Mads Holmgren, Frederiksgade 29, 8000 Aarhus C
c/o Mads Holmgren, Grønnegade 47, st., 8000 Aarhus C
c/o Mads Holmgren, Åboulevarden 21, 2., 8000 Aarhus C
c/o Mads Holmgren, Klamsagervej 32, 8230 Åbyhøj
c/o Mads Holmgren, Sønderhøj 30, 8260 Viby J
c/o Lokesvej 11D, st. mf, 8230 Åbyhøj, Lokesvej 11D, st. mf, 8230 Åbyhøj

Former names

Cheers ApS – now
Cheers IVS –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Cheers ApS

Has Cheers ApS gone bankrupt?

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

What is the bankruptcy risk of Cheers 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 Cheers ApS?

Mads Uhrenholt Holmgren is the CEO of Cheers ApS.

When was Cheers ApS founded?

Cheers ApS was founded on 15 November 2018.

What is the equity of Cheers ApS?

Equity was DKK -293k 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.