Morten Westergaard ApS

CVR 42013536 · Private limited company (ApS) · Active · High risk

Morten Westergaard ApS is a Private limited company (ApS), founded on , based in Hornbæk. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 4 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 147k and a net result of DKK -116k. CEO: Morten Westergaard.

Bankruptcy risk for Morten Westergaard ApS

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Gross profit growth0%–10% · 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×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
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
42013536
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Jupitervej 27
3100 Hornbæk
Municipality
Helsingør
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 4
Missing annual reportNo
Negative equityNo
Equity ratio15.7%
Current ratio113%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.9mDKK 2.7m
Net profitDKK -116kDKK 50k
EquityDKK 147kDKK 262k
Total assetsDKK 932kDKK 1.2m
CashDKK 133k–
Short-term debtDKK 786k–
Tax owedDKK 28k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025169
1 Jul 2023 – 30 Jun 2024171
1 Jul 2022 – 30 Jun 2023182
1 Jan 2021 – 30 Jun 2022184 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
CEOMorten WestergaardCurrent
CEOPeter Andreas Stakemann
Owner (100%)Morten WestergaardCurrent
Owner (100%)ANPARTSSELSKABET STAKEMANN
FounderANPARTSSELSKABET STAKEMANNCurrent

The CEOs' other companies

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Address history (2 moves)

Jupitervej 27, 3100 Hornbæk
Teglværksvej 4, 3140 Ålsgårde
Palægade 3, 3., 1261 København K

Former names

Morten Westergaard ApS – now
ApS STAKE nr. 6148 –

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Questions and answers about Morten Westergaard ApS

Has Morten Westergaard ApS gone bankrupt?

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

What is the bankruptcy risk of Morten Westergaard ApS?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Morten Westergaard ApS?

Morten Westergaard is the CEO of Morten Westergaard ApS.

When was Morten Westergaard ApS founded?

Morten Westergaard ApS was founded on 1 January 2021.

What is the equity of Morten Westergaard ApS?

Equity was DKK 147k according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.