Human Equation ApS

CVR 41834226 · Private limited company (ApS) · Active · High risk

Human Equation ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry andre forretningsserviceaktiviteter i.a.n.. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 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 -51k and a net result of DKK -89k. CEO: Stephen Prema Shine.

Bankruptcy risk for Human Equation ApS

3.4%
probability of bankruptcy within 12 months
High risk

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

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
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

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×

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
41834226
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
c/o Stephen Shine, Skotlands Plads 7, 3. th
2300 København S
Municipality
København
Industry
Andre forretningsserviceaktiviteter i.a.n. (829900)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Verifica Statsautoriseret Revisionsvirksomhed
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 5
Missing annual reportNo
Negative equityYes
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -10kDKK -7,083DKK 0
Net profitDKK -89kDKK -180kDKK -213k
EquityDKK -51kDKK 58kDKK 238k
Total assetsDKK 0DKK 728kDKK 877k
Short-term debtDKK 51kDKK 669k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Verifica Statsautoriseret Revisionsvirksomhed.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024216 Late
1 Jan 2023 – 31 Dec 2023191 Late
1 Jan 2022 – 31 Dec 2022173
6 Nov 2020 – 31 Dec 2021197 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
CEOStephen Prema ShineCurrent
Owner (100%)Stephen Prema ShineCurrent
FounderStephen Prema ShineCurrent

The CEOs' other companies

Stephen Prema Shine – 3 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Stephen Shine, Skotlands Plads 7, 3. th, 2300 København S
Sundholmsvej 95, 4. tv, 2300 København S

Former names

Human Equation ApS – now
Shine Holding ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Human Equation ApS

Has Human Equation ApS gone bankrupt?

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

What is the bankruptcy risk of Human Equation ApS?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of Human Equation ApS?

Stephen Prema Shine is the CEO of Human Equation ApS.

Who is the auditor of Human Equation ApS?

Human Equation ApS most recently used Verifica Statsautoriseret Revisionsvirksomhed.

When was Human Equation ApS founded?

Human Equation ApS was founded on 6 November 2020.

What is the equity of Human Equation 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.