Glastech Group ApS

CVR 42790265 · Private limited company (ApS) · Active · Low risk

Glastech Group ApS is a Private limited company (ApS), founded on , based in Kerteminde. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 95k and a net result of DKK -230k. CEO: Henrik Mortensen.

Bankruptcy risk for Glastech Group ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%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×

Reduces the risk

Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
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×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
42790265
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Søndre Havnekaj 19
5300 Kerteminde
Municipality
Kerteminde
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 80k
Auditor
VH Revision Registrerede Revisorer ApS
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio15.0%
Current ratio69%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 4.1mDKK 3.8m
Net profitDKK -230kDKK 43k
EquityDKK 95kDKK 324k
Total assetsDKK 630kDKK 1.1m
CashDKK 197k–
Short-term debtDKK 536k–
Avg. employees12–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · VH Revision Registrerede Revisorer ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025140
1 Jan 2024 – 31 Dec 202483
1 Jan 2023 – 31 Dec 2023166
27 Oct 2021 – 31 Dec 2022174

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
CEOHenrik MortensenCurrent
Owner (50%)GT Holding 21 ApSCurrent
Owner (50%)H2 Holding Kerteminde ApSCurrent
AuditorVH REVISION REGISTREREDE REVISORER ApS
FounderGT Holding 21 ApSCurrent
FounderH2 Holding Kerteminde ApSCurrent

The CEOs' other companies

Henrik Mortensen – 8 other companies, of which 1 bankrupt

Address history (0 moves)

Søndre Havnekaj 19, 5300 Kerteminde

Other companies at the same address

Similar companies in Kerteminde

Questions and answers about Glastech Group ApS

Has Glastech Group ApS gone bankrupt?

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

What is the bankruptcy risk of Glastech Group ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Glastech Group ApS?

Henrik Mortensen is the CEO of Glastech Group ApS.

Who is the auditor of Glastech Group ApS?

Glastech Group ApS most recently used VH Revision Registrerede Revisorer ApS.

When was Glastech Group ApS founded?

Glastech Group ApS was founded on 27 October 2021.

What is the equity of Glastech Group ApS?

Equity was DKK 95k 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.