Cmandalay Holding ApS

CVR 42585564 · Private limited company (ApS) · Active · Very high risk

Cmandalay Holding ApS is a Private limited company (ApS), founded on , based in Karise. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 21.6% over the next 12 months, which is 15.3 times the average for Danish companies. 5 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -249k and a net result of DKK -470k. CEO: Carsten Mark Mandalay.

Bankruptcy risk for Cmandalay Holding ApS

21.6%
probability of bankruptcy within 12 months
Very high risk

15.3 × the average (1.41%) · higher risk than 99% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
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
42585564
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Jørslevvej 6
4653 Karise
Municipality
Faxe
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 5
Missing annual reportNo
Negative equityYes
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -16kDKK -10k
Net profitDKK -470kDKK -1.3m
EquityDKK -249kDKK 221k
Total assetsDKK 0DKK 446k
Short-term debtDKK 249k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025215 Late
1 Jul 2023 – 30 Jun 2024200 Late
1 Jul 2022 – 30 Jun 2023172
1 Jul 2021 – 30 Jun 2022175
1 Jul 2020 – 30 Jun 2021183

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
CEOCarsten Mark MandalayCurrent
Owner (100%)Carsten Mark MandalayCurrent
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorAIDER Godkendt Revisionsaktieselskab

The CEOs' other companies

Carsten Mark Mandalay – 9 other companies, of which 3 bankrupt

Address history (1 moves)

Jørslevvej 6, 4653 Karise
Krogshøjvej 203, 2880 Bagsværd

Similar companies in Faxe

Questions and answers about Cmandalay Holding ApS

Has Cmandalay Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Cmandalay Holding ApS?

Our model estimates a bankruptcy risk of 21.6% over the next 12 months (very high risk), which is 15.3 times the average for Danish companies.

Who is the CEO of Cmandalay Holding ApS?

Carsten Mark Mandalay is the CEO of Cmandalay Holding ApS.

Who is the auditor of Cmandalay Holding ApS?

Cmandalay Holding ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was Cmandalay Holding ApS founded?

Cmandalay Holding ApS was founded on 1 July 2021.

What is the equity of Cmandalay Holding ApS?

Equity was DKK -249k 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.