Piano Bar Herning ApS

CVR 42754277 · Private limited company (ApS) · Active · High risk

Piano Bar Herning ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry servering af mad i restauranter og caféer. Our model estimates a bankruptcy risk of 5.9% over the next 12 months, which is 4.2 times the average for Danish companies. 4 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -234k and a net result of DKK -520k. CEO: Martin Rasmussen, Lasse Hedegaard Hvisthule.

Bankruptcy risk for Piano Bar Herning ApS

5.9%
probability of bankruptcy within 12 months
High risk

4.2 × the average (1.41%) · higher risk than 93% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Annual reports filed late3+ · 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
42754277
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Østergade 25
7400 Herning
Municipality
Herning
Industry
Servering af mad i restauranter og caféer (561110)
Bankruptcies in the industry: Restauranter
Share capital
DKK 40k
Auditor
ANKER HØSTregistereret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-43.9%
Current ratio16%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address15
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 630kDKK 915kDKK 892k
Net profitDKK -520kDKK 100kDKK 129k
EquityDKK -234kDKK 286kDKK 186k
Total assetsDKK 533kDKK 1.1mDKK 1.0m
CashDKK 0DKK 94k–
Short-term debtDKK 766kDKK 796k–
Tax owedDKK 0DKK 13k–
Avg. employees02–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025191 Late
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023183
13 Oct 2021 – 31 Dec 2022188 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
CEOMartin RasmussenCurrent
CEOLasse Hedegaard HvisthuleCurrent
Owner (50%)MR Holding 2021 ApSCurrent
Owner (33%)Lasse Hvisthule Holding ApSCurrent
FounderMR Holding 2021 ApSCurrent
FounderLasse Hvisthule Holding ApSCurrent

The CEOs' other companies

Martin Rasmussen – 3 other companies

Lasse Hedegaard Hvisthule – 1 other companies

Address history (0 moves)

Østergade 25, 7400 Herning

Other companies at the same address

Similar companies in Herning

Questions and answers about Piano Bar Herning ApS

Has Piano Bar Herning ApS gone bankrupt?

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

What is the bankruptcy risk of Piano Bar Herning ApS?

Our model estimates a bankruptcy risk of 5.9% over the next 12 months (high risk), which is 4.2 times the average for Danish companies.

Who is the CEO of Piano Bar Herning ApS?

Martin Rasmussen, Lasse Hedegaard Hvisthule are the CEOs of Piano Bar Herning ApS.

Who is the auditor of Piano Bar Herning ApS?

Piano Bar Herning ApS most recently used ANKER HØSTregistereret revisionsaktieselskab.

When was Piano Bar Herning ApS founded?

Piano Bar Herning ApS was founded on 13 October 2021.

What is the equity of Piano Bar Herning ApS?

Equity was DKK -234k 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.