Keystarc ApS

CVR 42990019 · Private limited company (ApS) · Active · High risk

Keystarc ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 3.0% over the next 12 months, which is 2.1 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 40k and a net result of DKK 0. CEO: Abdulwaduud Mustafa Abdullahi Aden.

Bankruptcy risk for Keystarc ApS

3.0%
probability of bankruptcy within 12 months
High risk

2.1 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%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×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×

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
42990019
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Sjællandsgade 12, 2. tv
9000 Aalborg
Municipality
Aalborg
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio100.0%
Current ratio–
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 0DKK 0DKK -5,000
Net profitDKK 0DKK 0DKK -5,000
EquityDKK 40kDKK 40kDKK 0
Total assetsDKK 40kDKK 40kDKK 0
Short-term debt–DKK 0–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025156
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023183
12 Jan 2022 – 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
CEOAbdulwaduud Mustafa Abdullahi AdenCurrent
CEOMustafe Ahmed Mohamed Mire
CEOMohamed Hassan Nur
Owner (100%)Abdulwaduud Mustafa Abdullahi AdenCurrent
Owner (100%)CutX Holding ApS
FounderCutX Holding ApSCurrent

The CEOs' other companies

Abdulwaduud Mustafa Abdullahi Aden – 4 other companies

Mustafe Ahmed Mohamed Mire – 4 other companies

Mohamed Hassan Nur – 1 other companies

Address history (1 moves)

Sjællandsgade 12, 2. tv, 9000 Aalborg
Lyøgade 4, st. th, 9000 Aalborg

Former names

Keystarc ApS – now
CutX ApS –

Similar companies in Aalborg

Questions and answers about Keystarc ApS

Has Keystarc ApS gone bankrupt?

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

What is the bankruptcy risk of Keystarc ApS?

Our model estimates a bankruptcy risk of 3.0% over the next 12 months (high risk), which is 2.1 times the average for Danish companies.

Who is the CEO of Keystarc ApS?

Abdulwaduud Mustafa Abdullahi Aden is the CEO of Keystarc ApS.

When was Keystarc ApS founded?

Keystarc ApS was founded on 12 January 2022.

What is the equity of Keystarc ApS?

Equity was DKK 40k 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.