Midtvest Brænde ApS
CVR 42899089 · Private limited company (ApS) · Active · Low risk
Midtvest Brænde ApS is a Private limited company (ApS), founded on , based in Spjald. The company is registered in the industry udsavning og høvling af træ. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 4 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Mar 2026) shows equity of DKK 284k and a net result of DKK 78k. CEO: René Grundtvig Vestergaard.
Bankruptcy risk for Midtvest Brænde ApS
0.4 × the average (1.41%) · higher risk than 66% of active Danish companies
Increases the risk
Reduces the risk
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
- 42899089
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (4 years)
- Address
- Ørnhøjvej 28
6971 Spjald - Municipality
- Ringkøbing-Skjern
- Industry
- Udsavning og høvling af træ (161100)
Bankruptcies in the industry: Fremstilling af bygningstømmer og snedkeriartikler i øvrigt - Share capital
- DKK 40k
- Auditor
- Vestjysk
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 1 of 4 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 51.6% |
| Current ratio | 174% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 1 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2026 | 2025 | 2024 |
|---|---|---|---|
| Gross profit | DKK 205k | DKK 165k | DKK 178k |
| Net profit | DKK 78k | DKK 19k | DKK 66k |
| Equity | DKK 284k | DKK 273k | DKK 314k |
| Total assets | DKK 550k | DKK 675k | DKK 548k |
| Cash | DKK 3,348 | DKK 8,214 | – |
| Short-term debt | DKK 259k | DKK 398k | – |
| Tax owed | DKK 0 | DKK 0 | – |
| Avg. employees | 1 | 1 | – |
Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Vestjysk.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Apr 2025 – 31 Mar 2026 | 174 | ||
| 1 Apr 2024 – 31 Mar 2025 | 185 | Late | |
| 1 Apr 2023 – 31 Mar 2024 | 101 | ||
| 13 Dec 2021 – 31 Mar 2023 | 136 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | René Grundtvig Vestergaard | Current | |
| Owner (100%) | René Grundtvig Vestergaard | Current | |
| Founder | René Grundtvig Vestergaard | Current |
Address history (0 moves)
| Ørnhøjvej 28, 6971 Spjald |
Other companies at the same address
- Voldbjerg Ejendomme ApS Opløst
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Questions and answers about Midtvest Brænde ApS
Has Midtvest Brænde ApS gone bankrupt?
No, Midtvest Brænde ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Midtvest Brænde ApS?
Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.
Who is the CEO of Midtvest Brænde ApS?
René Grundtvig Vestergaard is the CEO of Midtvest Brænde ApS.
Who is the auditor of Midtvest Brænde ApS?
Midtvest Brænde ApS most recently used Vestjysk.
When was Midtvest Brænde ApS founded?
Midtvest Brænde ApS was founded on 13 December 2021.
What is the equity of Midtvest Brænde ApS?
Equity was DKK 284k 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.