PapeRock ApS

CVR 41128291 · Private limited company (ApS) · Active · Low risk

PapeRock ApS is a Private limited company (ApS), founded on , based in Sisimiut. The company is registered in the industry detailhandel med sports- og fritidsudstyr. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 6 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 51k and a net result of DKK 69k. CEO: Lars Knud Sivert Olsen.

Bankruptcy risk for PapeRock ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
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×

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
41128291
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
–
3911 Sisimiut
Municipality
Qeqqata
Industry
Detailhandel med sports- og fritidsudstyr (476310)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityNo
Equity ratio8.3%
Current ratio85%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 140kDKK -8,179DKK 133k
Net profitDKK 69kDKK -99kDKK 5,636
EquityDKK 51kDKK -18kDKK 80k
Total assetsDKK 612kDKK 475kDKK 467k
CashDKK 137kDKK 41k–
Short-term debtDKK 561kDKK 493k–
Tax owedDKK 7,100DKK 12k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025170
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023208 Late
1 Jan 2022 – 31 Dec 2022152
1 Jan 2021 – 31 Dec 2021361 Late
29 Jan 2020 – 31 Dec 2020187 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
CEOLars Knud Sivert OlsenCurrent
CEOLars Knud Sivert Olsen
CEOMarkus Elias Olsen
Owner (100%)Lars Knud Sivert OlsenCurrent
Owner (100%)Suluk ApS
Owner (50%)Lars Knud Sivert Olsen
Owner (50%)Markus Elias Olsen
FounderSuluk ApSCurrent

The CEOs' other companies

Lars Knud Sivert Olsen – 1 other companies

Address history (0 moves)

, 3911 Sisimiut

Former names

PapeRock ApS – now
Suluit ApS –

Similar companies in Qeqqata

Questions and answers about PapeRock ApS

Has PapeRock ApS gone bankrupt?

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

What is the bankruptcy risk of PapeRock ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of PapeRock ApS?

Lars Knud Sivert Olsen is the CEO of PapeRock ApS.

When was PapeRock ApS founded?

PapeRock ApS was founded on 29 January 2020.

What is the equity of PapeRock ApS?

Equity was DKK 51k 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.