Grusgrav.dk ApS

CVR 40859888 · Private limited company (ApS) · Active · Low risk

Grusgrav.dk ApS is a Private limited company (ApS), founded on , based in Vojens. The company is registered in the industry grus- og sandgravning og indvinding af ler og kaolin. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -1.3m and a net result of DKK -150k. CEO: Karsten Paulsen.

Bankruptcy risk for Grusgrav.dk ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% 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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
40859888
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Karsten Paulsen, Ringridervej 1
6500 Vojens
Municipality
Haderslev
Industry
Grus- og sandgravning og indvinding af ler og kaolin (081200)
Bankruptcies in the industry: Grus- og sandgravning: indvinding af ler og kaolin
Share capital
DKK 40k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-284.3%
Current ratio23%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -34kDKK 35kDKK 1,685
Net profitDKK -150kDKK -153kDKK -140k
EquityDKK -1.3mDKK -1.1mDKK -972k
Total assetsDKK 449kDKK 599kDKK 753k
CashDKK 62kDKK 125k–
Short-term debtDKK 1.7mDKK 1.7m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

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 202379
1 Oct 2021 – 31 Dec 2022177
1 Oct 2020 – 30 Sep 2021154
11 Oct 2019 – 30 Sep 2020162

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
CEOKarsten PaulsenCurrent
BoardMartin Lund Madsen
BoardMette Bang Paulsen
BoardFrederik Hessel Madsen
BoardCharlotte Vindfeldt
Owner (100%)KP Bæk Holding ApSCurrent
Owner (100%)KP Bæk Holding ApS
Owner (50%)KP Bæk Holding ApS
Owner (50%)MSF Group ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorEY Godkendt Revisionspartnerselskab
FounderKP Bæk Holding ApSCurrent

The CEOs' other companies

Karsten Paulsen – 3 other companies

Address history (1 moves)

c/o Karsten Paulsen, Ringridervej 1, 6500 Vojens
c/o Karten Paulsen, Ringridervej 1, 6500 Vojens

Other companies at the same address

Questions and answers about Grusgrav.dk ApS

Has Grusgrav.dk ApS gone bankrupt?

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

What is the bankruptcy risk of Grusgrav.dk ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Grusgrav.dk ApS?

Karsten Paulsen is the CEO of Grusgrav.dk ApS.

Who is the auditor of Grusgrav.dk ApS?

Grusgrav.dk ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Grusgrav.dk ApS founded?

Grusgrav.dk ApS was founded on 11 October 2019.

What is the equity of Grusgrav.dk ApS?

Equity was DKK -1.3m 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.