Pillayar Stores ApS

CVR 41405937 · Private limited company (ApS) · Active · Low risk

Pillayar Stores ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry detailhandel med kioskvarer. Our model estimates a bankruptcy risk of 1.1% over the next 12 months, which is 0.8 times the average for Danish companies. 5 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 14k and a net result of DKK 48k. CEO: Krishnaraj Sithambaranathan.

Bankruptcy risk for Pillayar Stores ApS

1.1%
probability of bankruptcy within 12 months
Low risk

0.8 × the average (1.41%) · higher risk than 74% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%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

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
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
41405937
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Bryggergade 18
7400 Herning
Municipality
Herning
Industry
Detailhandel med kioskvarer (471110)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio1.4%
Current ratio96%
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 year20252024
Gross profitDKK 64kDKK 17k
Net profitDKK 48kDKK -11k
EquityDKK 14kDKK -22k
Total assetsDKK 1.0mDKK 869k
CashDKK 15k–
Short-term debtDKK 995k–

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 2025174
1 Jul 2023 – 30 Jun 2024177
1 Jul 2022 – 30 Jun 2023161
1 Jul 2021 – 30 Jun 2022169
25 May 2020 – 30 Jun 2021152

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
CEOKrishnaraj SithambaranathanCurrent
Owner (100%)Krishnaraj SithambaranathanCurrent
FounderKrishnaraj SithambaranathanCurrent

Address history (0 moves)

Bryggergade 18, 7400 Herning

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Questions and answers about Pillayar Stores ApS

Has Pillayar Stores ApS gone bankrupt?

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

What is the bankruptcy risk of Pillayar Stores ApS?

Our model estimates a bankruptcy risk of 1.1% over the next 12 months (low risk), which is 0.8 times the average for Danish companies.

Who is the CEO of Pillayar Stores ApS?

Krishnaraj Sithambaranathan is the CEO of Pillayar Stores ApS.

When was Pillayar Stores ApS founded?

Pillayar Stores ApS was founded on 25 May 2020.

What is the equity of Pillayar Stores ApS?

Equity was DKK 14k according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.