Etiquette Drinks Co. ApS

CVR 41858966 · Private limited company (ApS) · Active · High risk

Etiquette Drinks Co. ApS is a Private limited company (ApS), founded on , based in København N. The company is registered in the industry fremstilling af andre ikke-destillerede gærede drikkevarer. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 6 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -20k and a net result of DKK -135k. CEO: Roman Graber.

Bankruptcy risk for Etiquette Drinks Co. 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

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×

Reduces the risk

Reporting classReporting class B · bankruptcy rate 3.2%0.37×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
41858966
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
c/o BII, Ole Maaløes Vej 3
2200 København N
Municipality
København
Industry
Fremstilling af andre ikke-destillerede gærede drikkevarer (110400)
Bankruptcies in the industry: Fremstilling af øl
Share capital
DKK 47k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-1.3%
Current ratio15%
Moves (last 2 years)2
CEO changes in total5
CEO's previous bankruptcies1
Other companies at the address167
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -73kDKK 258kDKK 115k
Net profitDKK -135kDKK 98kDKK 114k
EquityDKK -20kDKK 115kDKK 17k
Total assetsDKK 1.5mDKK 999kDKK 418k
CashDKK 179kDKK 325k–
Short-term debtDKK 1.5mDKK 818k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025169
1 Jan 2024 – 31 Dec 2024171
1 Jan 2023 – 31 Dec 2023150
1 Jan 2022 – 31 Dec 2022181
1 Jan 2021 – 31 Dec 2021180
1 Dec 2020 – 31 Dec 2020183

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
CEORoman GraberCurrent
CEOKarsten Sundgaard Nørgaard
CEOChristian Tang-Nielsen
CEOTiffany Jessica Ng
CEODaniel John Teweles
Owner (33%)TJN Holdings ApSCurrent
Owner (33%)Tumbleweed Holding ApSCurrent
Owner (15%)DSC Enterprises ApSCurrent
Owner (5%)Etiquette Drinks Co. ApSCurrent
Owner (25%)Roman Graber
Owner (25%)Maverick Ventures ApS
Owner (25%)Tang Group IVS
Owner (10%)Damian Saramet-Comsa
Owner (20%)DSC Enterprises ApS
Owner (15%)Daniel John Teweles
FounderRoman GraberCurrent
FounderTJN Holdings ApSCurrent
FounderMaverick Ventures ApSCurrent
FounderTang Group IVSCurrent

The CEOs' other companies

Roman Graber – 3 other companies, of which 1 bankrupt

Karsten Sundgaard Nørgaard – 3 other companies

Christian Tang-Nielsen – 4 other companies, of which 4 bankrupt

Tiffany Jessica Ng – 4 other companies, of which 1 bankrupt

Address history (5 moves)

c/o BII, Ole Maaløes Vej 3, 2200 København N
Stamholmen 175, 2650 Hvidovre
Fruebjergvej 3, 2100 København Ø
c/o Karsten Nørgaard, Absalonsgade 21A, 4. tv, 1658 København V
Willy Brandts Vej 3, 3. th, 2450 København SV
c/o Kyros & Co., Teglgårdstræde 13, 1452 København K

Other companies at the same address

Similar companies in København

Questions and answers about Etiquette Drinks Co. ApS

Has Etiquette Drinks Co. ApS gone bankrupt?

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

What is the bankruptcy risk of Etiquette Drinks Co. 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 Etiquette Drinks Co. ApS?

Roman Graber is the CEO of Etiquette Drinks Co. ApS.

When was Etiquette Drinks Co. ApS founded?

Etiquette Drinks Co. ApS was founded on 14 November 2020.

What is the equity of Etiquette Drinks Co. ApS?

Equity was DKK -20k 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.