THAI TRAVEL ApS

CVR 40928596 · Private limited company (ApS) · Active · Low risk

THAI TRAVEL ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry rejsebureauers aktiviteter. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 6 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.6m and a net result of DKK 270k. CEO: Pavarase Photayanukul.

Bankruptcy risk for THAI TRAVEL ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×

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
40928596
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Halmtorvet 42, st. tv
1700 København V
Municipality
København
Industry
Rejsebureauers aktiviteter (791100)
Bankruptcies in the industry: Rejsearrangører
Share capital
DKK 40k
Auditor
REVISIONSFIRMAET A P MØLLER
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 6
Missing annual reportNo
Negative equityNo
Equity ratio94.9%
Current ratio1,747%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.3mDKK 1.0mDKK 1.3m
Net profitDKK 270kDKK 55kDKK 172k
EquityDKK 1.6mDKK 1.3mDKK 1.2m
Total assetsDKK 1.6mDKK 1.9mDKK 1.6m
CashDKK 1.5mDKK 1.6m–
Short-term debtDKK 83kDKK 648k–
Tax owedDKK 24kDKK 0–
Avg. employees33–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · REVISIONSFIRMAET A P MØLLER.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025209 Late
1 Jan 2024 – 31 Dec 2024212 Late
1 Jan 2023 – 31 Dec 2023212 Late
1 Jan 2022 – 31 Dec 2022217 Late
1 Jan 2021 – 31 Dec 2021222 Late
8 Nov 2019 – 31 Dec 2020196 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
CEOPavarase PhotayanukulCurrent
Owner (50%)Pavarase PhotayanukulCurrent
Owner (50%)Chanida PhotayanukulCurrent
FounderPavarase PhotayanukulCurrent
FounderChanida PhotayanukulCurrent

Address history (0 moves)

Halmtorvet 42, st. tv, 1700 København V

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Questions and answers about THAI TRAVEL ApS

Has THAI TRAVEL ApS gone bankrupt?

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

What is the bankruptcy risk of THAI TRAVEL ApS?

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

Who is the CEO of THAI TRAVEL ApS?

Pavarase Photayanukul is the CEO of THAI TRAVEL ApS.

Who is the auditor of THAI TRAVEL ApS?

THAI TRAVEL ApS most recently used REVISIONSFIRMAET A P MØLLER.

When was THAI TRAVEL ApS founded?

THAI TRAVEL ApS was founded on 8 November 2019.

What is the equity of THAI TRAVEL ApS?

Equity was DKK 1.6m 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.