Cardtokens ApS

CVR 42967920 · Private limited company (ApS) · Active · Low risk

Cardtokens ApS is a Private limited company (ApS), founded on , based in Svenstrup J. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -71k and a net result of DKK 230k. CEO: Morten Lanng Gulstad.

Bankruptcy risk for Cardtokens ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
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×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×

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
42967920
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Lansen 19
9230 Svenstrup J
Municipality
Aalborg
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-1.3%
Current ratio54%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.5mDKK 750k
Net profitDKK 230kDKK -430k
EquityDKK -71kDKK -301k
Total assetsDKK 5.4mDKK 3.7m
CashDKK 2.4m–
Short-term debtDKK 5.2m–
Avg. employees3–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025168
1 Jan 2024 – 31 Dec 2024164
1 Jan 2023 – 31 Dec 2023182
16 Dec 2021 – 31 Dec 2022181

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
CEOMorten Lanng GulstadCurrent
BoardThomas Holst KnudsenCurrent
BoardMorten Lanng GulstadCurrent
BoardMark Lade
Owner (100%)Fintech Group ApSCurrent
Owner (33%)M GULSTAD ApS
Owner (33%)MALA ApS
Owner (33%)HKNUDSEN ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorULLITS & WINTHER STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderM GULSTAD ApSCurrent
FounderMALA ApSCurrent
FounderHKNUDSEN ApSCurrent

The CEOs' other companies

Morten Lanng Gulstad – 26 other companies, of which 1 bankrupt

Address history (3 moves)

Lansen 19, 9230 Svenstrup J
Nordtoft 28, 9000 Aalborg
Fredrik Bajers Vej 300, 9220 Aalborg Øst
Nordtoft 28, 9000 Aalborg

Former names

Cardtokens ApS – now
Payonic ApS –

Other companies at the same address

Similar companies in Aalborg

Questions and answers about Cardtokens ApS

Has Cardtokens ApS gone bankrupt?

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

What is the bankruptcy risk of Cardtokens ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Cardtokens ApS?

Morten Lanng Gulstad is the CEO of Cardtokens ApS.

Who is the auditor of Cardtokens ApS?

Cardtokens ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Cardtokens ApS founded?

Cardtokens ApS was founded on 16 December 2021.

What is the equity of Cardtokens ApS?

Equity was DKK -71k 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.