Turf Tank USA ApS

CVR 40403949 · Private limited company (ApS) · Active · Medium risk

Turf Tank USA ApS is a Private limited company (ApS), founded on , based in Svenstrup J. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 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 -48k and a net result of DKK -13k. CEO: Kristian Hald.

Bankruptcy risk for Turf Tank USA ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×

Reduces the risk

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
CEO's other companies10–30 · bankruptcy rate 6.0%0.68×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
40403949
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Skjoldet 20
9230 Svenstrup J
Municipality
Aalborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late4 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-793,233.3%
Current ratio–
Moves (last 2 years)0
CEO changes in total9
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -13kDKK -13k
Net profitDKK -13kDKK -13k
EquityDKK -48kDKK -35k
Total assetsDKK 6DKK 6
Short-term debtDKK 48k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025154
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020201 Late
19 Mar 2019 – 31 Dec 2019240 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 HaldCurrent
CEOAndreas Ydesen
CEOAnders Ulrik Sørensen
CEOMikkel Klitgaard Jacobsen
CEOOlav Bjørn Ivanoff Jørgensen
CEOKris Winther Sørensen
CEOMikkel Klitgaard Jacobsen
BoardJohnny LaursenCurrent
BoardMikkel Klitgaard JacobsenCurrent
BoardJens Henrik Jørgensen
BoardAndreas Ydesen
BoardAnders Ulrik Sørensen
BoardJohnny Laursen
BoardMikkel Klitgaard Jacobsen
BoardJason Thomas Aldridge
BoardJacob Risgaard Eriksen
BoardJohnny Laursen
BoardJohnny Laursen
BoardMikkel Klitgaard Jacobsen
BoardErwin Kronborg Tøt
Owner (100%)Turf Tank ApSCurrent
Owner (50%)Turf Tank ApS
Owner (50%)Atletico Inc.
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderTurf Tank ApSCurrent
FounderAtletico Inc.Current

The CEOs' other companies

Kristian Hald – 3 other companies

Andreas Ydesen – 16 other companies, of which 1 bankrupt

Anders Ulrik Sørensen – 21 other companies, of which 1 bankrupt

Mikkel Klitgaard Jacobsen – 31 other companies

Olav Bjørn Ivanoff Jørgensen – 4 other companies, of which 1 bankrupt

Kris Winther Sørensen – 3 other companies

Address history (3 moves)

Skjoldet 20, 9230 Svenstrup J
Lansen 15, 9230 Svenstrup J
Farøvej 31, 9800 Hjørring
Fanøvej 2, 9800 Hjørring

Former names

Turf Tank USA ApS – now
Intelligent Marking USA ApS –

Other companies at the same address

Similar companies in Aalborg

Questions and answers about Turf Tank USA ApS

Has Turf Tank USA ApS gone bankrupt?

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

What is the bankruptcy risk of Turf Tank USA ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of Turf Tank USA ApS?

Kristian Hald is the CEO of Turf Tank USA ApS.

Who is the auditor of Turf Tank USA ApS?

Turf Tank USA ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Turf Tank USA ApS founded?

Turf Tank USA ApS was founded on 19 March 2019.

What is the equity of Turf Tank USA ApS?

Equity was DKK -48k 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.