Germflare ApS

CVR 40445684 · Private limited company (ApS) · Active · Medium risk

Germflare ApS is a Private limited company (ApS), founded on , based in Græsted. The company is registered in the industry fremstilling af belysningsartikler. 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 -1.4m and a net result of DKK 4,073.

Bankruptcy risk for Germflare ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×

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
40445684
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Øvrevangen 2
3230 Græsted
Municipality
Gribskov
Industry
Fremstilling af belysningsartikler (274000)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 50k
Auditor
Baker Tilly Denmark
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-3,263.0%
Current ratio3%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -37kDKK -234k
Net profitDKK 4,073DKK -134k
EquityDKK -1.4mDKK -1.4m
Total assetsDKK 44kDKK 176k
CashDKK 0–
Short-term debtDKK 1.5m–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Baker Tilly Denmark.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020189 Late
11 Apr 2019 – 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
Owner (90%)LED on technologies Holding ApSCurrent
Owner (5%)Equivalent ApSCurrent
Owner (100%)LED on technologies Holding ApS
FounderLED on technologies Holding ApSCurrent

Address history (0 moves)

Øvrevangen 2, 3230 Græsted

Former names

Germflare ApS – now
LED on technologies ApS –

Other companies at the same address

Similar companies in Gribskov

Questions and answers about Germflare ApS

Has Germflare ApS gone bankrupt?

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

What is the bankruptcy risk of Germflare 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 auditor of Germflare ApS?

Germflare ApS most recently used Baker Tilly Denmark.

When was Germflare ApS founded?

Germflare ApS was founded on 11 April 2019.

What is the equity of Germflare ApS?

Equity was DKK -1.4m 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.