ZTLment ApS

CVR 41801298 · Private limited company (ApS) · Active · Very high risk

ZTLment ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 8.1% over the next 12 months, which is 5.8 times the average for Danish companies. 5 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 2.2m and a net result of DKK -8.3m. CEO: Mads Stolberg-Mathieu.

Bankruptcy risk for ZTLment ApS

8.1%
probability of bankruptcy within 12 months
Very high risk

5.8 × the average (1.41%) · higher risk than 96% 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×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
41801298
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Linnésgade 20A, 2.
1361 København K
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 169k
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 5
Missing annual reportNo
Negative equityNo
Equity ratio42.5%
Current ratio172%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -3.5mDKK -4.5mDKK -81k
Net profitDKK -8.3mDKK -9.8mDKK -4.1m
EquityDKK 2.2mDKK 2.0mDKK 1.9m
Total assetsDKK 5.2mDKK 3.5mDKK 3.9m
CashDKK 4.9mDKK 3.2m–
Short-term debtDKK 3.0mDKK 554k–
Avg. employees67–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025187 Late
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022184 Late
28 Oct 2020 – 31 Dec 2021187 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
CEOMads Stolberg-MathieuCurrent
CEOJason Spasovski
BoardAnders Dalgaard SørensenCurrent
BoardMiguel Alexandre Calado de Albuquerque e Azevedo MouraCurrent
BoardMads Stolberg-Mathieu
BoardJason Spasovski
BoardFrederik Christian Gjessing Vinten
BoardMads Stolberg-Mathieu
BoardMikkel Hippe Brun
BoardFrank Schuil
Owner (100%)Complypay Group ApSCurrent
Owner (33%)Mads Stolberg-Larsen Holding ApS
Owner (25%)Jason Spasovski Holding ApS
Owner (50%)Mads Stolberg-Larsen Holding ApS
Owner (33%)Jason Spasovski Holding ApS
Owner (10%)HJK Ventures Ltd
Owner (33%)Mads Stolberg-Larsen Holding ApS
Owner (25%)Jason Spasovski Holding ApS
Owner (5%)Upfin Fund I K/S
Owner (5%)HJK Ventures Ltd
Owner (15%)Giant Ventures I LP
Owner (20%)Jason Spasovski Holding ApS
Owner (5%)PreSeed Ventures Tech Fund I K/S
Owner (25%)Mads Stolberg-Larsen Holding ApS
Owner (10%)Giant Ventures I LP
AuditorEY Godkendt RevisionspartnerselskabCurrent
FounderMads Stolberg-Larsen Holding ApSCurrent

The CEOs' other companies

Mads Stolberg-Mathieu – 3 other companies, of which 1 bankrupt

Jason Spasovski – 1 other companies

Address history (3 moves)

Linnésgade 20A, 2., 1361 København K
Vesterbrogade 74, 4., 1620 København V
c/o ZTLment, Applebys Plads 7, 1411 København K
Ørholmgade 7, st. th, 2200 København N

Other companies at the same address

Similar companies in København

Questions and answers about ZTLment ApS

Has ZTLment ApS gone bankrupt?

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

What is the bankruptcy risk of ZTLment ApS?

Our model estimates a bankruptcy risk of 8.1% over the next 12 months (very high risk), which is 5.8 times the average for Danish companies.

Who is the CEO of ZTLment ApS?

Mads Stolberg-Mathieu is the CEO of ZTLment ApS.

Who is the auditor of ZTLment ApS?

ZTLment ApS most recently used EY Godkendt Revisionspartnerselskab.

When was ZTLment ApS founded?

ZTLment ApS was founded on 28 October 2020.

What is the equity of ZTLment ApS?

Equity was DKK 2.2m 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.