L-Work ApS

CVR 40842144 · Private limited company (ApS) · Active · Low risk

L-Work ApS is a Private limited company (ApS), founded on , based in Herlufmagle. The company is registered in the industry opførelse af bygninger. Our model estimates a bankruptcy risk of 1.1% over the next 12 months, which is 0.8 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 1.2m and a net result of DKK 760k. CEO: Andrius Nargelas.

Bankruptcy risk for L-Work ApS

1.1%
probability of bankruptcy within 12 months
Low risk

0.8 × the average (1.41%) · higher risk than 74% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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 reports0.01%–25% · bankruptcy rate 4.5%0.51×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
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×

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
40842144
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Lille Valmosevej 3
4160 Herlufmagle
Municipality
Næstved
Industry
Opførelse af bygninger (410000)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 150k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityNo
Equity ratio25.0%
Current ratio98%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 3.4mDKK 2.7mDKK 1.3m
Net profitDKK 760kDKK 980kDKK -578k
EquityDKK 1.2mDKK 439kDKK -541k
Total assetsDKK 4.8mDKK 3.4mDKK 1.2m
CashDKK 3.0mDKK 1.1m–
Short-term debtDKK 3.4mDKK 3.0m–
Tax owedDKK 271k––
Avg. employees54–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024172
1 Jan 2023 – 31 Dec 2023187 Late
1 Jan 2022 – 31 Dec 2022116
1 Jan 2021 – 31 Dec 2021170
3 Oct 2019 – 31 Dec 2020148

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
CEOAndrius NargelasCurrent
Owner (100%)L-Work Holding ApSCurrent
FounderL-Work Holding ApSCurrent

The CEOs' other companies

Andrius Nargelas – 2 other companies, of which 1 bankrupt

Address history (0 moves)

Lille Valmosevej 3, 4160 Herlufmagle

Other companies at the same address

Similar companies in Næstved

Questions and answers about L-Work ApS

Has L-Work ApS gone bankrupt?

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

What is the bankruptcy risk of L-Work ApS?

Our model estimates a bankruptcy risk of 1.1% over the next 12 months (low risk), which is 0.8 times the average for Danish companies.

Who is the CEO of L-Work ApS?

Andrius Nargelas is the CEO of L-Work ApS.

When was L-Work ApS founded?

L-Work ApS was founded on 3 October 2019.

What is the equity of L-Work ApS?

Equity was DKK 1.2m 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.