CTIProcess ApS

CVR 40774181 · Private limited company (ApS) · Active · Medium risk

CTIProcess ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry fremstilling af andre maskiner til specielle formål i.a.n.. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 6 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -2.6m and a net result of DKK 909k. CEO: Kristján Karl Aðalsteinsson.

Bankruptcy risk for CTIProcess ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

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

Lowest riskHighest risk

Increases the risk

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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · 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×
Annual reports filed late3+ · 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
40774181
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Regus Christiansbrygge, Christians Brygge 28
1559 København V
Municipality
København
Industry
Fremstilling af andre maskiner til specielle formål i.a.n. (289900)
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 late3 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-40.3%
Current ratio69%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address82
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.0mDKK 1.4m
Net profitDKK 909kDKK 362k
EquityDKK -2.6mDKK -3.5m
Total assetsDKK 6.4mDKK 4.4m
CashDKK 102k–
Short-term debtDKK 9.0m–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 2024169
1 Jan 2023 – 31 Dec 2023197 Late
1 Jan 2022 – 31 Dec 2022167
1 Jan 2021 – 31 Dec 2021188 Late
10 Sep 2019 – 31 Dec 2020195 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
CEOKristján Karl AðalsteinssonCurrent
BoardKristján Karl AðalsteinssonCurrent
BoardVygandas SrébaliusCurrent
BoardMathias Hvims Jeppesen
Owner (100%)UAB LVG holdingCurrent
Owner (15%)Mathias Hvims Jeppesen
Owner (15%)Kristján Karl Aðalsteinsson
Owner (20%)Jonna Hvims Jeppesen
Owner (50%)Vygandas Srébalius
Owner (50%)UAB LVG holding
Owner (20%)Jonna Hvims Jeppesen Holding ApS
Owner (15%)Mathias Hvims Holding ApS
FounderMathias Hvims JeppesenCurrent
FounderKristján Karl AðalsteinssonCurrent
FounderJonna Hvims JeppesenCurrent
FounderVygandas SrébaliusCurrent

Address history (4 moves)

c/o Regus Christiansbrygge, Christians Brygge 28, 1559 København V
Safirvej 9, 9850 Hirtshals
Dalsagervej 5, 9850 Hirtshals
c/o Mathias Jeppesen, Dalsagervej 5, 1., 9850 Hirtshals
c/o Mathias Jeppesen, Skovbovej 12, 9850 Hirtshals

Other companies at the same address

Similar companies in København

Questions and answers about CTIProcess ApS

Has CTIProcess ApS gone bankrupt?

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

What is the bankruptcy risk of CTIProcess ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of CTIProcess ApS?

Kristján Karl Aðalsteinsson is the CEO of CTIProcess ApS.

When was CTIProcess ApS founded?

CTIProcess ApS was founded on 10 September 2019.

What is the equity of CTIProcess ApS?

Equity was DKK -2.6m 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.