Glaring Yachts ApS

CVR 40770275 · Private limited company (ApS) · Active · Medium risk

Glaring Yachts ApS is a Private limited company (ApS), founded on , based in Fredericia. The company is registered in the industry reparation og vedligeholdelse af civile skibe og både. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 6 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 276k and a net result of DKK 121k. CEO: Benny Larsen.

Bankruptcy risk for Glaring Yachts ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
40770275
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
H. C. Ørsteds Vej 4
7000 Fredericia
Municipality
Fredericia
Industry
Reparation og vedligeholdelse af civile skibe og både (331500)
Bankruptcies in the industry: Reparation af maskiner
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 6
Missing annual reportNo
Negative equityNo
Equity ratio51.5%
Current ratio137%
Moves (last 2 years)2
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 639kDKK -5,825DKK -5,586
Net profitDKK 121kDKK -64kDKK -4,490
EquityDKK 276kDKK 223kDKK 31k
Total assetsDKK 537kDKK 283kDKK 56k
CashDKK 120k––
Short-term debtDKK 211kDKK 7,200–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025170
1 Jan 2024 – 31 Dec 2024164
1 Jan 2023 – 31 Dec 2023156
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021186 Late
9 Sep 2019 – 31 Dec 2020181

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
CEOBenny LarsenCurrent
CEOHelge Pedersen
CEOJeanette Søholt Hvid
CEOSøren Lundgren Pedersen
BoardBenny Larsen
Owner (100%)Benny LarsenCurrent
Owner (100%)Lundgren Ejendom ApS
FounderLundgren Ejendom ApSCurrent

The CEOs' other companies

Benny Larsen – 2 other companies

Helge Pedersen – 1 other companies

Jeanette Søholt Hvid – 2 other companies

Søren Lundgren Pedersen – 3 other companies, of which 1 bankrupt

Address history (2 moves)

H. C. Ørsteds Vej 4, 7000 Fredericia
Nygade 57, 5500 Middelfart
Lungeskovvej 16, 5591 Gelsted

Former names

Glaring Yachts ApS – now
Lundgrens Udlejning ApS –

Other companies at the same address

Similar companies in Fredericia

Questions and answers about Glaring Yachts ApS

Has Glaring Yachts ApS gone bankrupt?

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

What is the bankruptcy risk of Glaring Yachts ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of Glaring Yachts ApS?

Benny Larsen is the CEO of Glaring Yachts ApS.

When was Glaring Yachts ApS founded?

Glaring Yachts ApS was founded on 9 September 2019.

What is the equity of Glaring Yachts ApS?

Equity was DKK 276k 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.