Groundwork ApS

CVR 40042784 · Private limited company (ApS) · Active · Low risk

Groundwork ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry køb og salg af egen fast ejendom. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 7 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 785k and a net result of DKK 169k. CEO: Søren Johnsen Simonsen, Jonas Midtgaard Simonsen.

Bankruptcy risk for Groundwork ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×

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
40042784
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Jesper Simonsen, Godhavnsvej 13
8200 Aarhus N
Municipality
Aarhus
Industry
Køb og salg af egen fast ejendom (681100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio12.0%
Current ratio68%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 540kDKK 377kDKK 352k
Net profitDKK 169kDKK 115kDKK 199k
EquityDKK 785kDKK 616kDKK 500k
Total assetsDKK 6.5mDKK 4.7mDKK 3.5m
CashDKK 74kDKK 24k–
Short-term debtDKK 341kDKK 161k–
Tax owedDKK 74kDKK 0–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025120
1 Jan 2024 – 31 Dec 2024144
1 Jan 2023 – 31 Dec 202375
1 Jan 2022 – 31 Dec 202244
1 Jan 2021 – 31 Dec 202128
1 Jan 2020 – 31 Dec 202018
11 Nov 2018 – 31 Dec 201931

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
CEOSøren Johnsen SimonsenCurrent
CEOJonas Midtgaard SimonsenCurrent
Owner (33%)Jesper SimonsenCurrent
Owner (33%)Jonas Midtgaard SimonsenCurrent
FounderJesper SimonsenCurrent

The CEOs' other companies

Søren Johnsen Simonsen – 1 other companies

Address history (1 moves)

c/o Jesper Simonsen, Godhavnsvej 13, 8200 Aarhus N
c/o Jesper Simonsen, Niels Juels Gade 8, st. th, 8200 Aarhus N

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Questions and answers about Groundwork ApS

Has Groundwork ApS gone bankrupt?

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

What is the bankruptcy risk of Groundwork ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Groundwork ApS?

Søren Johnsen Simonsen, Jonas Midtgaard Simonsen are the CEOs of Groundwork ApS.

When was Groundwork ApS founded?

Groundwork ApS was founded on 11 November 2018.

What is the equity of Groundwork ApS?

Equity was DKK 785k 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.