OliveMade ApS

CVR 42808067 · Private limited company (ApS) · Active · Medium risk

OliveMade ApS is a Private limited company (ApS), founded on , based in Odder. The company is registered in the industry engroshandel med træ og byggematerialer samt sanitetsartikler. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -2.4m and a net result of DKK -12k. CEO: Torben Gjelstrup.

Bankruptcy risk for OliveMade ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% 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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×

Reduces the risk

Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Industry changes1 · bankruptcy rate 6.5%0.74×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
Moves in the last 2 years0 · bankruptcy rate 7.4%0.84×

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
42808067
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Krabbes Ager 36
8300 Odder
Municipality
Odder
Industry
Engroshandel med træ og byggematerialer samt sanitetsartikler (468300)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-2,565.7%
Current ratio3%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 45kDKK -347kDKK -232k
Net profitDKK -12kDKK -708kDKK -816k
EquityDKK -2.4mDKK -2.3mDKK -1.6m
Total assetsDKK 92kDKK 154kDKK 754k
CashDKK 6,905DKK 26k–
Short-term debtDKK 2.5mDKK 2.5m–
Avg. employees12–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025179
1 Jan 2024 – 31 Dec 202493
1 Jan 2023 – 31 Dec 2023163
4 Nov 2021 – 31 Dec 202242

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
CEOTorben GjelstrupCurrent
CEOIrena Madic
Owner (100%)Torben GjelstrupCurrent
Owner (50%)Kodana Holding ApS
Owner (33%)Irena Holding ApS
FounderKodana Holding ApSCurrent
FounderIrena Holding ApSCurrent

The CEOs' other companies

Torben Gjelstrup – 5 other companies

Irena Madic – 1 other companies

Address history (0 moves)

Krabbes Ager 36, 8300 Odder

Former names

OliveMade ApS – now
TORENA CARS ApS –

Other companies at the same address

Similar companies in Odder

Questions and answers about OliveMade ApS

Has OliveMade ApS gone bankrupt?

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

What is the bankruptcy risk of OliveMade ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of OliveMade ApS?

Torben Gjelstrup is the CEO of OliveMade ApS.

When was OliveMade ApS founded?

OliveMade ApS was founded on 4 November 2021.

What is the equity of OliveMade ApS?

Equity was DKK -2.4m 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.