VELAR Trading ApS

CVR 42923702 · Private limited company (ApS) · Active · Medium risk

VELAR Trading ApS is a Private limited company (ApS), founded on , based in Pandrup. The company is registered in the industry detailhandel med cykler. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 266k and a net result of DKK 1,504. CEO: Lars Bugge Kronborg.

Bankruptcy risk for VELAR Trading ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
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
42923702
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Skolevej 17A
9490 Pandrup
Municipality
Jammerbugt
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio63.8%
Current ratio275%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies3
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 28kDKK 74kDKK 119k
Net profitDKK 1,504DKK 48kDKK 74k
EquityDKK 266kDKK 264kDKK 216k
Total assetsDKK 417kDKK 343kDKK 303k
CashDKK 2,000DKK 8,795–
Short-term debtDKK 151kDKK 79k–
Tax owedDKK 0DKK 388–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025152
1 Jan 2024 – 31 Dec 2024161
1 Jan 2023 – 31 Dec 2023128
21 Dec 2021 – 31 Dec 2022110

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
CEOLars Bugge KronborgCurrent
Owner (67%)Lars Bugge KronborgCurrent
Owner (20%)Fuglsang 26 ApSCurrent
Owner (100%)Fuglsang 26 ApS
FounderFuglsang 26 ApSCurrent

The CEOs' other companies

Lars Bugge Kronborg – 7 other companies, of which 3 bankrupt

Address history (2 moves)

Skolevej 17A, 9490 Pandrup
Jens Lunds Vej 7, 9310 Vodskov
Fuglsangsvej 26, 9400 Nørresundby

Other companies at the same address

Similar companies in Jammerbugt

Questions and answers about VELAR Trading ApS

Has VELAR Trading ApS gone bankrupt?

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

What is the bankruptcy risk of VELAR Trading ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of VELAR Trading ApS?

Lars Bugge Kronborg is the CEO of VELAR Trading ApS.

When was VELAR Trading ApS founded?

VELAR Trading ApS was founded on 21 December 2021.

What is the equity of VELAR Trading ApS?

Equity was DKK 266k 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.