DenCoat International ApS

CVR 43018353 · Private limited company (ApS) · Active · Very high risk

DenCoat International ApS is a Private limited company (ApS), founded on , based in Nørre Aaby. The company is registered in the industry fremstilling af plast i ubearbejdet form. Our model estimates a bankruptcy risk of 12.6% over the next 12 months, which is 9.0 times the average for Danish companies. 3 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 1.7m and a net result of DKK 890k. CEO: Tanya Vangsted.

Bankruptcy risk for DenCoat International ApS

12.6%
probability of bankruptcy within 12 months
Very high risk

9.0 × the average (1.41%) · higher risk than 98% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
43018353
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Aabylundvænget 14
5580 Nørre Aaby
Municipality
Middelfart
Industry
Fremstilling af plast i ubearbejdet form (201600)
Bankruptcies in the industry: Fremstilling af parfume, hårshampoo, tandpasta mv.
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 3
Missing annual reportNo
Negative equityNo
Equity ratio35.3%
Current ratio259%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies4
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.5mDKK 392kDKK 909k
Net profitDKK 890kDKK 515kDKK 264k
EquityDKK 1.7mDKK 819kDKK 304k
Total assetsDKK 4.8mDKK 2.9mDKK 832k
CashDKK 21kDKK 413k–
Short-term debtDKK 1.8mDKK 1.0m–
Avg. employees11–

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 Jul 2024 – 30 Jun 2025214 Late
1 Jul 2023 – 30 Jun 2024207 Late
19 Jan 2022 – 30 Jun 2023200 Late

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
CEOTanya VangstedCurrent
CEONiels Vangsted
Owner (100%)International Construction Chemicals Holding ApSCurrent
Owner (100%)International Construction Chemicals Europe ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderInternational Construction Chemicals Europe ApSCurrent

The CEOs' other companies

Tanya Vangsted – 8 other companies, of which 1 bankrupt

Niels Vangsted – 16 other companies, of which 5 bankrupt

Address history (1 moves)

Aabylundvænget 14, 5580 Nørre Aaby
Tværvejen 15, 5580 Nørre Aaby

Other companies at the same address

Similar companies in Middelfart

Questions and answers about DenCoat International ApS

Has DenCoat International ApS gone bankrupt?

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

What is the bankruptcy risk of DenCoat International ApS?

Our model estimates a bankruptcy risk of 12.6% over the next 12 months (very high risk), which is 9.0 times the average for Danish companies.

Who is the CEO of DenCoat International ApS?

Tanya Vangsted is the CEO of DenCoat International ApS.

Who is the auditor of DenCoat International ApS?

DenCoat International ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was DenCoat International ApS founded?

DenCoat International ApS was founded on 19 January 2022.

What is the equity of DenCoat International ApS?

Equity was DKK 1.7m according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.