Book2Wheel ApS

CVR 40573542 · Private limited company (ApS) · Active · Low risk

Book2Wheel ApS is a Private limited company (ApS), founded on , based in Odense C. The company is registered in the industry anden undervisning i.a.n.. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 6 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 -24k and a net result of DKK -44k. CEO: Furqan Mahmood Rathore.

Bankruptcy risk for Book2Wheel ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%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
40573542
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Seebladsgade 2
5000 Odense C
Municipality
Odense
Industry
Anden undervisning i.a.n. (855900)
Bankruptcies in the industry: Anden undervisning i.a.n.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-270.8%
Current ratio5%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 58kDKK 104kDKK 32k
Gross profitDKK 42kDKK 86kDKK 8,780
Net profitDKK -44kDKK 22kDKK -5,498
EquityDKK -24kDKK 20kDKK 1,643
Total assetsDKK 8,853DKK 37kDKK 25k
CashDKK 1,194DKK 27k–
Short-term debtDKK 33kDKK 17k–

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 202599
1 Jan 2024 – 31 Dec 2024171
1 Jan 2023 – 31 Dec 2023173
1 Jan 2022 – 31 Dec 2022172
1 Jan 2021 – 31 Dec 2021140
1 Jul 2019 – 31 Dec 2020196 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
CEOFurqan Mahmood RathoreCurrent
Owner (100%)Furqan Mahmood RathoreCurrent
FounderFurqan Mahmood RathoreCurrent

Address history (1 moves)

Seebladsgade 2, 5000 Odense C
Seebladsgade 2, 5000 Odense C

Other companies at the same address

Similar companies in Odense

Questions and answers about Book2Wheel ApS

Has Book2Wheel ApS gone bankrupt?

No, Book2Wheel ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Book2Wheel ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Book2Wheel ApS?

Furqan Mahmood Rathore is the CEO of Book2Wheel ApS.

When was Book2Wheel ApS founded?

Book2Wheel ApS was founded on 7 June 2019.

What is the equity of Book2Wheel ApS?

Equity was DKK -24k 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.