HobbyGarn ApS

CVR 41995971 · Private limited company (ApS) · Active · Low risk

HobbyGarn ApS is a Private limited company (ApS), founded on , based in Lemvig. The company is registered in the industry detailhandel med tekstiler. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 552k and a net result of DKK 40k. CEO: Michael Skaarup Dambak.

Bankruptcy risk for HobbyGarn ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×

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
41995971
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Høgevej 18
7620 Lemvig
Municipality
Lemvig
Industry
Detailhandel med tekstiler (475100)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio69.5%
Current ratio314%
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 241kDKK 298k
Net profitDKK 40kDKK 188k
EquityDKK 552kDKK 512k
Total assetsDKK 795kDKK 776k
CashDKK 10k–
Short-term debtDKK 240k–
Tax owedDKK 3,552–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202570
1 Jan 2024 – 31 Dec 202473
1 Jan 2023 – 31 Dec 202384
1 Jan 2022 – 31 Dec 2022104
31 Dec 2020 – 31 Dec 202191

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
CEOMichael Skaarup DambakCurrent
Owner (50%)Michael Skaarup DambakCurrent
Owner (50%)Eva Maria Skaarup DambakCurrent
FounderMichael Skaarup DambakCurrent
FounderEva Maria Skaarup DambakCurrent

Address history (0 moves)

Høgevej 18, 7620 Lemvig

Similar companies in Lemvig

Questions and answers about HobbyGarn ApS

Has HobbyGarn ApS gone bankrupt?

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

What is the bankruptcy risk of HobbyGarn ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of HobbyGarn ApS?

Michael Skaarup Dambak is the CEO of HobbyGarn ApS.

Who is the auditor of HobbyGarn ApS?

HobbyGarn ApS most recently used Beierholm.

When was HobbyGarn ApS founded?

HobbyGarn ApS was founded on 31 December 2020.

What is the equity of HobbyGarn ApS?

Equity was DKK 552k 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.