Smith & Hartung Advisory ApS

CVR 40056327 · Private limited company (ApS) · Active · Low risk

Smith & Hartung Advisory ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. 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 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 204k and a net result of DKK 40k. CEO: Kristian Saldern Smith, Michael Elkjær Hartung.

Bankruptcy risk for Smith & Hartung Advisory ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
40056327
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Nørre Allé 86, st. th
8000 Aarhus C
Municipality
Aarhus
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 7
Missing annual reportNo
Negative equityNo
Equity ratio80.3%
Current ratio367%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address79
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue––DKK 124k
Gross profitDKK 469kDKK 393kDKK 124k
Net profitDKK 40kDKK 151kDKK 53k
EquityDKK 204kDKK 164kDKK 13k
Total assetsDKK 253kDKK 331kDKK 142k
CashDKK 48kDKK 116–
Short-term debtDKK 50kDKK 167k–

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 2025173
1 Jan 2024 – 31 Dec 2024179
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020193 Late
3 Dec 2018 – 31 Dec 2019258 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
CEOKristian Saldern SmithCurrent
CEOMichael Elkjær HartungCurrent
Owner (100%)Smith & Hartung ApSCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSmith & Hartung ApSCurrent

The CEOs' other companies

Kristian Saldern Smith – 36 other companies

Michael Elkjær Hartung – 38 other companies, of which 3 bankrupt

Address history (2 moves)

Nørre Allé 86, st. th, 8000 Aarhus C
Nørre Allé 86, st. th, 8000 Aarhus C
Nørre Allé 86, 8000 Aarhus C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Smith & Hartung Advisory ApS

Has Smith & Hartung Advisory ApS gone bankrupt?

No, Smith & Hartung Advisory ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Smith & Hartung Advisory 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 Smith & Hartung Advisory ApS?

Kristian Saldern Smith, Michael Elkjær Hartung are the CEOs of Smith & Hartung Advisory ApS.

When was Smith & Hartung Advisory ApS founded?

Smith & Hartung Advisory ApS was founded on 29 November 2018.

What is the equity of Smith & Hartung Advisory ApS?

Equity was DKK 204k 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.