OnlyByGrace ApS

CVR 40894292 · Private limited company (ApS) · Active · High risk

OnlyByGrace ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry detailhandel med andre nye varer. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 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 -146k and a net result of DKK -274k. CEO: Thomas Aalling Nielsen.

Bankruptcy risk for OnlyByGrace ApS

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
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×
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

Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Capital changes2 · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Age (years)5–10 yrs · 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
40894292
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Silkeborgvej 27C
7400 Herning
Municipality
Herning
Industry
Detailhandel med andre nye varer (477800)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 200k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityNo
Equity ratio7.7%
Current ratio105%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address11
Going-concern uncertaintyNo

Financials and key figures

Financial year202520252024
Gross profitDKK 764kDKK 1.0mDKK 774k
Net profitDKK -274kDKK -555kDKK 69k
EquityDKK -146kDKK 127kDKK 182k
Total assetsDKK 1.7mDKK 1.7mDKK 893k
CashDKK 71kDKK 21k–
Short-term debtDKK 1.8mDKK 1.5m–
Tax owedDKK 0DKK 0–
Avg. employees–6–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025168
1 Jul 2023 – 30 Jun 2024134
1 Jul 2022 – 30 Jun 2023160
1 Jul 2021 – 30 Jun 2022190 Late
1 Jul 2020 – 30 Jun 2021159
29 Oct 2019 – 30 Jun 2020156

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
CEOThomas Aalling NielsenCurrent
CEOKarina Nygaard Raabjerg
Owner (50%)Nygaard Raabjerg Holding ApSCurrent
Owner (50%)THOMO ApSCurrent
FounderNygaard Raabjerg Holding ApSCurrent

The CEOs' other companies

Thomas Aalling Nielsen – 1 other companies

Karina Nygaard Raabjerg – 1 other companies

Address history (1 moves)

Silkeborgvej 27C, 7400 Herning
Birk Centerpark 40, 7400 Herning

Other companies at the same address

Similar companies in Herning

Questions and answers about OnlyByGrace ApS

Has OnlyByGrace ApS gone bankrupt?

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

What is the bankruptcy risk of OnlyByGrace ApS?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of OnlyByGrace ApS?

Thomas Aalling Nielsen is the CEO of OnlyByGrace ApS.

When was OnlyByGrace ApS founded?

OnlyByGrace ApS was founded on 29 October 2019.

What is the equity of OnlyByGrace ApS?

Equity was DKK -146k 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.