WPC DF III Denmark ApS

CVR 40223037 · Private limited company (ApS) · Active · Low risk

WPC DF III Denmark ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry køb og salg af egen fast ejendom. 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 21.7m and a net result of DKK 380k. CEO: Martin Vestergaard, Gregory Mark Butchart.

Bankruptcy risk for WPC DF III Denmark 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

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · 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×

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
40223037
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Citco (Denmark) ApS, August Bournonvilles Passage 1
1055 København K
Municipality
København
Industry
Køb og salg af egen fast ejendom (681100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 50k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio26.9%
Current ratio18%
Moves (last 2 years)1
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address122
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 5.2mDKK 5.1mDKK 5.0m
Gross profitDKK 4.7mDKK 4.6mDKK 4.5m
Net profitDKK 380kDKK 840kDKK 6.0m
EquityDKK 21.7mDKK 23.6mDKK 24.6m
Total assetsDKK 80.6mDKK 83.4mDKK 85.9m
CashDKK 170kDKK 252k–
Short-term debtDKK 1.2mDKK 1.3m–
Tax owedDKK 216kDKK 188k–
Avg. employees22–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · KPMG,.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 2024167
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021158
1 Jan 2020 – 31 Dec 2020181
28 Jan 2019 – 31 Dec 2019241 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
CEOMartin VestergaardCurrent
CEOGregory Mark ButchartCurrent
CEOFrank Mortensen
CEOOle Meier Sørensen
Owner (90%)WPC Pan-European Holding Coöperatief U.A.Current
Owner (100%)CEC GROUP HOLDING ApS
Owner (100%)CEC Family Invest Holding ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorKPMG P/S
FounderCEC GROUP HOLDING ApSCurrent

The CEOs' other companies

Martin Vestergaard – 5 other companies

Frank Mortensen – 37 other companies, of which 1 bankrupt

Ole Meier Sørensen – 53 other companies, of which 13 bankrupt

Address history (3 moves)

c/o Citco (Denmark) ApS, August Bournonvilles Passage 1, 1055 København K
c/o Citco (Denmark) ApS, Nybrogade 12, 1203 København K
c/o Citco, Holbergsgade 14, 1057 København K
c/o Frank Mortensen, Plantagevej 25, 2680 Solrød Strand

Former names

WPC DF III Denmark ApS – now
CEC Lystrupvej ApS –

Other companies at the same address

Similar companies in København

Questions and answers about WPC DF III Denmark ApS

Has WPC DF III Denmark ApS gone bankrupt?

No, WPC DF III Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of WPC DF III Denmark 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 WPC DF III Denmark ApS?

Martin Vestergaard, Gregory Mark Butchart are the CEOs of WPC DF III Denmark ApS.

Who is the auditor of WPC DF III Denmark ApS?

WPC DF III Denmark ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was WPC DF III Denmark ApS founded?

WPC DF III Denmark ApS was founded on 28 January 2019.

What is the equity of WPC DF III Denmark ApS?

Equity was DKK 21.7m 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.