ITS DK ApS

CVR 42521035 · Private limited company (ApS) · Active · Low risk

ITS DK ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry engroshandel med landbrugsmaskiner, -udstyr og tilbehør hertil. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Mar 2026) shows equity of DKK 257k and a net result of DKK -122k. CEO: Tony Peter Kvedaras.

Bankruptcy risk for ITS DK ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
42521035
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
c/o DLA Piper Advokatpartnerselskab, Hack Kampmanns Plads 2, 3. 1
8000 Aarhus C
Municipality
Aarhus
Industry
Engroshandel med landbrugsmaskiner, -udstyr og tilbehør hertil (466100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio42.7%
Current ratio175%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address29
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK -109kDKK 277kDKK 153k
Net profitDKK -122kDKK 210kDKK 74k
EquityDKK 257kDKK 379kDKK 169k
Total assetsDKK 602kDKK 766kDKK 251k
CashDKK 188kDKK 380k–
Short-term debtDKK 345kDKK 387k–
Tax owedDKK 0DKK 53k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026146
1 Apr 2024 – 31 Mar 2025154
1 Apr 2023 – 31 Mar 2024141
1 Apr 2022 – 31 Mar 2023150
2 Jul 2021 – 31 Mar 2022153

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
CEOTony Peter KvedarasCurrent
Owner (100%)Independent Turfkare Solutions LtdCurrent
FounderIndependent Turfkare Solutions LtdCurrent

Address history (0 moves)

c/o DLA Piper Advokatpartnerselskab, Hack Kampmanns Plads 2, 3. 1, 8000 Aarhus C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about ITS DK ApS

Has ITS DK ApS gone bankrupt?

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

What is the bankruptcy risk of ITS DK ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of ITS DK ApS?

Tony Peter Kvedaras is the CEO of ITS DK ApS.

Who is the auditor of ITS DK ApS?

ITS DK ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was ITS DK ApS founded?

ITS DK ApS was founded on 2 July 2021.

What is the equity of ITS DK ApS?

Equity was DKK 257k according to the annual report for the period ending 31 March 2026.

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