CRATEIT ApS

CVR 42356786 · Private limited company (ApS) · Active · Medium risk

CRATEIT ApS is a Private limited company (ApS), founded on , based in Odense SØ. The company is registered in the industry fremstilling af andre trævarer og varer af kork, strå og flettematerialer. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 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 (31 Dec 2025) shows equity of DKK -345k and a net result of DKK -451k. CEO: Martin Wibe Kristensen.

Bankruptcy risk for CRATEIT ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Capital changes3+ · bankruptcy rate 6.2%0.70×
Registered owners3 · bankruptcy rate 6.2%0.71×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
42356786
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Emil Neckelmanns Vej 15C
5220 Odense SØ
Municipality
Odense
Industry
Fremstilling af andre trævarer og varer af kork, strå og flettematerialer (162800)
Bankruptcies in the industry: Fremstilling af bygningstømmer og snedkeriartikler i øvrigt
Share capital
DKK 69k
Auditor
DANSK REVISION ESBJERG GODKENDT REVISIONSAKTIESELSKAB
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-70.0%
Current ratio59%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 28kDKK 125kDKK -581k
Net profitDKK -451kDKK -598kDKK -1.2m
EquityDKK -345kDKK 106kDKK 4,100
Total assetsDKK 493kDKK 268kDKK 486k
CashDKK 23kDKK 27k–
Short-term debtDKK 838kDKK 162k–
Avg. employees33–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · DANSK REVISION ESBJERG GODKENDT REVISIONSAKTIESELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 202490
1 Jan 2023 – 31 Dec 2023185 Late
1 Jan 2022 – 31 Dec 202255
3 May 2021 – 31 Dec 2021130

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
CEOMartin Wibe KristensenCurrent
CEORikke Lund Jørgensen
Owner (25%)Dansk Design Invest Holding ApSCurrent
Owner (10%)P. PEDERSEN HOLDING ApSCurrent
Owner (50%)Wibe & Kaagaard Holding ApSCurrent
Owner (33%)Tonny Kaagaard Olsen
Owner (33%)Rikke Lund Jørgensen
Owner (33%)Martin Wibe Kristensen
Owner (50%)Martin Wibe Kristensen
Owner (50%)Tonny Kaagaard Olsen
Owner (33%)Tonny Kaagaard Olsen
Owner (33%)Martin Wibe Kristensen
Owner (67%)Wibe & Kaagaard Holding ApS
FounderTonny Kaagaard OlsenCurrent
FounderRikke Lund JørgensenCurrent
FounderMartin Wibe KristensenCurrent

The CEOs' other companies

Martin Wibe Kristensen – 2 other companies

Address history (3 moves)

Emil Neckelmanns Vej 15C, 5220 Odense SØ
Stenhuggervej 28, 5230 Odense M
Seebladsgade 2, 5000 Odense C
Rugårdsvej 276, 5210 Odense NV

Other companies at the same address

Similar companies in Odense

Questions and answers about CRATEIT ApS

Has CRATEIT ApS gone bankrupt?

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

What is the bankruptcy risk of CRATEIT ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of CRATEIT ApS?

Martin Wibe Kristensen is the CEO of CRATEIT ApS.

Who is the auditor of CRATEIT ApS?

CRATEIT ApS most recently used DANSK REVISION ESBJERG GODKENDT REVISIONSAKTIESELSKAB.

When was CRATEIT ApS founded?

CRATEIT ApS was founded on 3 May 2021.

What is the equity of CRATEIT ApS?

Equity was DKK -345k 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.