HD Glas ApS

CVR 42162213 · Private limited company (ApS) · Active · Low risk

HD Glas ApS is a Private limited company (ApS), founded on , based in Vordingborg. The company is registered in the industry glarmesteraktiviteter. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 5 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -15k and a net result of DKK 137k. CEO: Dennis Frimann.

Bankruptcy risk for HD Glas ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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
42162213
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Algade 24B
4760 Vordingborg
Municipality
Vordingborg
Industry
Glarmesteraktiviteter (433420)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Auditor
KvalitetsRevision
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-1.6%
Current ratio99%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.3mDKK 1.1m
Net profitDKK 137kDKK 17k
EquityDKK -15kDKK -152k
Total assetsDKK 975kDKK 1.4m
Short-term debtDKK 815k–
Avg. employees2–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202567
1 Oct 2023 – 30 Sep 2024141
1 Oct 2022 – 30 Sep 2023186 Late
1 Oct 2021 – 30 Sep 2022179
25 Feb 2021 – 30 Sep 2021167

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
CEODennis FrimannCurrent
CEOMikkel Saksenborg
Owner (100%)Dennis Frimann Holding ApSCurrent
Owner (50%)Dennis Frimann
Owner (50%)Mikkel Saksenborg
Owner (50%)Dennis Frimann Holding ApS
Owner (50%)MSAK Holding ApS
Owner (33%)MSAK Holding ApS
FounderDennis Frimann Holding ApSCurrent
FounderMSAK Holding ApSCurrent

The CEOs' other companies

Dennis Frimann – 1 other companies

Mikkel Saksenborg – 1 other companies

Address history (0 moves)

Algade 24B, 4760 Vordingborg

Other companies at the same address

Similar companies in Vordingborg

Questions and answers about HD Glas ApS

Has HD Glas ApS gone bankrupt?

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

What is the bankruptcy risk of HD Glas ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of HD Glas ApS?

Dennis Frimann is the CEO of HD Glas ApS.

Who is the auditor of HD Glas ApS?

HD Glas ApS most recently used KvalitetsRevision.

When was HD Glas ApS founded?

HD Glas ApS was founded on 25 February 2021.

What is the equity of HD Glas ApS?

Equity was DKK -15k according to the annual report for the period ending 30 September 2025.

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