Watertrade ApS

CVR 40868666 · Private limited company (ApS) · Active · Low risk

Watertrade ApS is a Private limited company (ApS), founded on , based in Hvidovre. The company is registered in the industry detailhandel med byggematerialer og værktøj. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 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 1.4m and a net result of DKK 464k. CEO: Stine Madsen Spanning, Lars Madsen Spanning.

Bankruptcy risk for Watertrade ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
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
40868666
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Kanalholmen 14V
2650 Hvidovre
Municipality
Hvidovre
Industry
Detailhandel med byggematerialer og værktøj (475220)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
inforevision statsautoriseret revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityNo
Equity ratio20.7%
Current ratio124%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address42
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.1mDKK 1.4m
Net profitDKK 464kDKK 392k
EquityDKK 1.4mDKK 1.1m
Total assetsDKK 6.7mDKK 5.2m
CashDKK 816k–
Short-term debtDKK 5.3m–
Tax owedDKK 109k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · inforevision statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024175
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021172
17 Oct 2019 – 31 Dec 2020186 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
CEOStine Madsen SpanningCurrent
CEOLars Madsen SpanningCurrent
Owner (50%)Black Invest ApSCurrent
Owner (50%)Spanning Holding ApSCurrent
Owner (100%)Thilde Spanning Johansen
Owner (100%)Spanning Holding ApS
Auditorinforevision statsautoriseret revisionsaktieselskabCurrent
FounderThilde Spanning JohansenCurrent

The CEOs' other companies

Stine Madsen Spanning – 1 other companies

Lars Madsen Spanning – 3 other companies, of which 2 bankrupt

Address history (3 moves)

Kanalholmen 14V, 2650 Hvidovre
Jernholmen 54, 2650 Hvidovre
Københavnsvej 69, 4000 Roskilde
Øresundsvej 148B, 4. tv, 2300 København S

Other companies at the same address

Similar companies in Hvidovre

Questions and answers about Watertrade ApS

Has Watertrade ApS gone bankrupt?

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

What is the bankruptcy risk of Watertrade ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Watertrade ApS?

Stine Madsen Spanning, Lars Madsen Spanning are the CEOs of Watertrade ApS.

Who is the auditor of Watertrade ApS?

Watertrade ApS most recently used inforevision statsautoriseret revisionsaktieselskab.

When was Watertrade ApS founded?

Watertrade ApS was founded on 17 October 2019.

What is the equity of Watertrade ApS?

Equity was DKK 1.4m 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.