Espansiva Music ApS

CVR 41763620 · Private limited company (ApS) · Active · High risk

Espansiva Music ApS is a Private limited company (ApS), founded on , based in København N. The company is registered in the industry indspilning af lydoptagelser og udgivelse af musik. Our model estimates a bankruptcy risk of 3.0% over the next 12 months, which is 2.1 times the average for Danish companies. 5 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 310k and a net result of DKK -104k. CEO: Preben Iwan.

Bankruptcy risk for Espansiva Music ApS

3.0%
probability of bankruptcy within 12 months
High risk

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

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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
41763620
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
c/o Preben Iwan, Esromgade 15, 4. 9
2200 København N
Municipality
København
Industry
Indspilning af lydoptagelser og udgivelse af musik (592000)
Bankruptcies in the industry: Produktion af film og videofilm
Share capital
DKK 40k
Auditor
Schyberg · Lykke Registreret revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 5
Missing annual reportNo
Negative equityNo
Equity ratio62.8%
Current ratio246%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address181
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 655kDKK 1.2mDKK 352k
Net profitDKK -104kDKK 174kDKK 257k
EquityDKK 310kDKK 414kDKK 239k
Total assetsDKK 494kDKK 561kDKK 409k
CashDKK 175kDKK 0–
Short-term debtDKK 184kDKK 147k–
Tax owedDKK 0DKK 70k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Schyberg · Lykke Registreret revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025190 Late
1 Jan 2024 – 31 Dec 2024187 Late
1 Jan 2023 – 31 Dec 2023198 Late
1 Jan 2022 – 31 Dec 2022204 Late
8 Oct 2020 – 31 Dec 2021220 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
CEOPreben IwanCurrent
CEOHjarne Fessel
Owner (100%)Preben IwanCurrent
Owner (50%)Hjarne Fessel
Owner (50%)TIMBREMUSIC ApS
Owner (100%)TIMBREMUSIC ApS
FounderHjarne FesselCurrent
FounderTIMBREMUSIC ApSCurrent

The CEOs' other companies

Preben Iwan – 4 other companies, of which 1 bankrupt

Address history (2 moves)

c/o Preben Iwan, Esromgade 15, 4. 9, 2200 København N
c/o Preben Iwan, Skydebanegade 32, 4. th, 1709 København V
Lille Strandstræde 20B, 1254 København K

Other companies at the same address

Similar companies in København

Questions and answers about Espansiva Music ApS

Has Espansiva Music ApS gone bankrupt?

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

What is the bankruptcy risk of Espansiva Music ApS?

Our model estimates a bankruptcy risk of 3.0% over the next 12 months (high risk), which is 2.1 times the average for Danish companies.

Who is the CEO of Espansiva Music ApS?

Preben Iwan is the CEO of Espansiva Music ApS.

Who is the auditor of Espansiva Music ApS?

Espansiva Music ApS most recently used Schyberg · Lykke Registreret revisionsanpartsselskab.

When was Espansiva Music ApS founded?

Espansiva Music ApS was founded on 8 October 2020.

What is the equity of Espansiva Music ApS?

Equity was DKK 310k 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.