World Of Fireworks ApS

CVR 40926151 · Private limited company (ApS) · Active · Medium risk

World Of Fireworks ApS is a Private limited company (ApS), founded on , based in Karup J. The company is registered in the industry anden specialiseret engroshandel i.a.n.. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 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 -63k and a net result of DKK 151k. CEO: Jørgen Værum Jensen.

Bankruptcy risk for World Of Fireworks ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
40926151
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Bygvænget 2
7470 Karup J
Municipality
Viborg
Industry
Anden specialiseret engroshandel i.a.n. (468900)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 45k
Auditor
Dahl, Rask &amp; Partnere StatsautoriseretRevisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-5.2%
Current ratio95%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies2
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 193k–
Net profitDKK 151k–
EquityDKK -63k–
Total assetsDKK 1.2m–
CashDKK 643k–
Short-term debtDKK 1.3m–
Tax owedDKK 0–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Dahl, Rask &amp; Partnere StatsautoriseretRevisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024177
1 Jan 2023 – 31 Dec 2023169
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021178
8 Nov 2019 – 31 Dec 2020190 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
CEOJørgen Værum JensenCurrent
CEOArthur Rasmussen Vidal
Owner (10%)Mikkel Kvist FoldagerCurrent
Owner (25%)Jørgen Værum JensenCurrent
Owner (25%)LUNDHOLM ØSTERGAARD HOLDING ApSCurrent
Owner (33%)Fårbæk Erhvervs park ApSCurrent
Owner (33%)Arthur Rasmussen Vidal
Owner (33%)Fårbæk Erhvervs park ApS
Owner (33%)VÆRUM BYG ApS
Owner (50%)Fårbæk Erhvervs park ApS
Owner (50%)VÆRUM BYG ApS
Owner (50%)Jørgen Værum Jensen
FounderArthur Rasmussen VidalCurrent
FounderFårbæk Erhvervs park ApSCurrent
FounderVÆRUM BYG ApSCurrent

The CEOs' other companies

Jørgen Værum Jensen – 5 other companies, of which 3 bankrupt

Address history (1 moves)

Bygvænget 2, 7470 Karup J
Karupvej 30, 7470 Karup J

Similar companies in Viborg

Questions and answers about World Of Fireworks ApS

Has World Of Fireworks ApS gone bankrupt?

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

What is the bankruptcy risk of World Of Fireworks ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of World Of Fireworks ApS?

Jørgen Værum Jensen is the CEO of World Of Fireworks ApS.

Who is the auditor of World Of Fireworks ApS?

World Of Fireworks ApS most recently used Dahl, Rask &amp; Partnere StatsautoriseretRevisionsaktieselskab.

When was World Of Fireworks ApS founded?

World Of Fireworks ApS was founded on 8 November 2019.

What is the equity of World Of Fireworks ApS?

Equity was DKK -63k 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.