HeatCare ApS

CVR 40643729 · Private limited company (ApS) · Active · Medium risk

HeatCare ApS is a Private limited company (ApS), founded on , based in Ebeltoft. The company is registered in the industry fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -477k and a net result of DKK -139k. CEO: Michael Glavind Madsen.

Bankruptcy risk for HeatCare ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
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
40643729
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Digtervænget 22
8400 Ebeltoft
Municipality
Syddjurs
Industry
Fremstilling af ovne, ildsteder og fyringsaggregater til boligopvarmning (282100)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-280.4%
Current ratio24%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -149kDKK -366k
Net profitDKK -139kDKK -309k
EquityDKK -477kDKK -339k
Total assetsDKK 170kDKK 307k
CashDKK 13k–
Short-term debtDKK 644k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 202479
1 Jan 2023 – 31 Dec 202325
1 Jan 2022 – 31 Dec 202286
1 Jan 2021 – 31 Dec 202127
6 Jul 2019 – 31 Dec 202084

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
CEOMichael Glavind MadsenCurrent
Owner (100%)Michael Glavind MadsenCurrent
FounderMichael Glavind MadsenCurrent

The CEOs' other companies

Michael Glavind Madsen – 4 other companies, of which 1 bankrupt

Address history (0 moves)

Digtervænget 22, 8400 Ebeltoft

Former names

HeatCare ApS – now
Magic ApS Heating –

Other companies at the same address

Similar companies in Syddjurs

Questions and answers about HeatCare ApS

Has HeatCare ApS gone bankrupt?

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

What is the bankruptcy risk of HeatCare ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of HeatCare ApS?

Michael Glavind Madsen is the CEO of HeatCare ApS.

When was HeatCare ApS founded?

HeatCare ApS was founded on 6 July 2019.

What is the equity of HeatCare ApS?

Equity was DKK -477k 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.