AR Finans ApS
CVR 40053999 · Private limited company (ApS) · Active · Low risk
AR Finans ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 7 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 1.7m and a net result of DKK 109k. CEO: Emil Wätzold Høgh Madsen.
Bankruptcy risk for AR Finans ApS
0.0 × the average (1.41%) · higher risk than 27% 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
- 40053999
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (7 years)
- Address
- c/o Lene Madsen, Langelinie 12C
8700 Horsens - Municipality
- Horsens
- Industry
- Finansielle holdingselskaber (642110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 1.0m
- Auditor
- PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 1 of 7 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 27.5% |
| Current ratio | 7% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 7 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -9,549 | DKK -5,333 | DKK -5,047 |
| Net profit | DKK 109k | DKK 99k | DKK 78k |
| Equity | DKK 1.7m | DKK 1.6m | DKK 1.5m |
| Total assets | DKK 6.1m | DKK 5.9m | DKK 5.7m |
| Cash | DKK 319k | DKK 407k | – |
| Short-term debt | DKK 4.4m | DKK 4.4m | – |
| Avg. employees | 1 | – | – |
Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 175 | ||
| 1 Jan 2024 – 31 Dec 2024 | 161 | ||
| 1 Jan 2023 – 31 Dec 2023 | 150 | ||
| 1 Jan 2022 – 31 Dec 2022 | 171 | ||
| 1 Jan 2021 – 31 Dec 2021 | 164 | ||
| 1 Jan 2020 – 31 Dec 2020 | 181 | ||
| 27 Nov 2018 – 31 Dec 2019 | 184 | 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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Emil Wätzold Høgh Madsen | Current | |
| CEO | Klaus Wätzold Madsen | ||
| Owner (100%) | Emil Wätzold Høgh Madsen | Current | |
| Owner (100%) | Klaus Wätzold Madsen | ||
| Founder | Klaus Wätzold Madsen | Current |
The CEOs' other companies
Klaus Wätzold Madsen – 12 other companies
- C2H2 ApS Active
- CO2 Holding ApS Active
- CapHold Flexoprint ApS Fusioneret
- ELLEGAARD INVESTMENT I ApS Fusioneret
- ELLEGAARD INVESTMENT II A/S Fusioneret
- ELLEPOT A/S Active
- FLEXOPRINT A/S Active
- FLEXOPRINT HOLDING ApS Fusioneret
- GRAPHIC PACKAGING INTERNATIONAL - SCHUR A/S Opløst
- NHN INVEST HORSENS A/S Opløst
- WESTPACK A/S Active
- WP Packaging Group A/S Active
Address history (1 moves)
| c/o Lene Madsen, Langelinie 12C, 8700 Horsens | |
| c/o Lene Madsen, Langelinie 12C, 8700 Horsens |
Other companies at the same address
- Miles&Miles Holding ApS Bankrupt
- C2H2 ApS Active
- CO2 Holding ApS Active
- Datoselskabet af 26. februar 2026 ApS Opløst
- EVA FREDERIKSEN HOLDING ApS Active
- JASMIN ApS Active
- N2O ApS Active
Similar companies in Horsens
- NVP Group ApS Horsens
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- SBerger Holding ApS Hovedgård
- The Nguyen Foundation ApS Horsens
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- Kirkenaes Holding ApS Horsens
- PCSM Invest ApS Horsens
- AR95 Invest ApS Horsens
- RR88 Invest ApS Horsens
- MCBS Holding ApS Horsens
Questions and answers about AR Finans ApS
Has AR Finans ApS gone bankrupt?
No, AR Finans ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of AR Finans ApS?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of AR Finans ApS?
Emil Wätzold Høgh Madsen is the CEO of AR Finans ApS.
Who is the auditor of AR Finans ApS?
AR Finans ApS most recently used PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.
When was AR Finans ApS founded?
AR Finans ApS was founded on 27 November 2018.
What is the equity of AR Finans ApS?
Equity was DKK 1.7m 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.