Vestergade 43 ApS

CVR 40506454 · Private limited company (ApS) · Active · Low risk

Vestergade 43 ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry udlejning af erhvervsejendomme. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 6 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK -1.0m and a net result of DKK 613k. CEO: Joan Kuhlmann.

Bankruptcy risk for Vestergade 43 ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
40506454
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Hans Flemming Hansen, Adelgade 8, 2.
5000 Odense C
Municipality
Odense
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 50k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-2.2%
Current ratio12%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 2.2mDKK 2.0m
Net profitDKK 613kDKK -513k
EquityDKK -1.0mDKK -1.6m
Total assetsDKK 47.4mDKK 47.3m
CashDKK 931k–
Short-term debtDKK 9.8m–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025181
1 Oct 2023 – 30 Sep 2024163
1 Oct 2022 – 30 Sep 2023177
1 Oct 2021 – 30 Sep 2022139
1 Oct 2020 – 30 Sep 2021138
9 May 2019 – 30 Sep 2020152

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
CEOJoan KuhlmannCurrent
Owner (50%)FLEMMING HANSEN ODENSE HOLDING ApSCurrent
Owner (33%)J Kuhlmann Design Holding ApSCurrent
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderFLEMMING HANSEN ODENSE HOLDING ApSCurrent

The CEOs' other companies

Joan Kuhlmann – 7 other companies

Address history (2 moves)

c/o Hans Flemming Hansen, Adelgade 8, 2., 5000 Odense C
c/o Mogens Merrild Merlin, Egensøvej 313, 5390 Martofte
c/o Hans Flemming Hansen, Adelgade 8, 2., 5000 Odense C

Other companies at the same address

Similar companies in Odense

Questions and answers about Vestergade 43 ApS

Has Vestergade 43 ApS gone bankrupt?

No, Vestergade 43 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Vestergade 43 ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Vestergade 43 ApS?

Joan Kuhlmann is the CEO of Vestergade 43 ApS.

Who is the auditor of Vestergade 43 ApS?

Vestergade 43 ApS most recently used Cedra Godkendt Revisionsaktieselskab.

When was Vestergade 43 ApS founded?

Vestergade 43 ApS was founded on 9 May 2019.

What is the equity of Vestergade 43 ApS?

Equity was DKK -1.0m according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.