First Wave Spirits ApS

CVR 43045121 · Private limited company (ApS) · Active · High risk

First Wave Spirits ApS is a Private limited company (ApS), founded on , based in Nibe. The company is registered in the industry engroshandel med vin og spiritus. Our model estimates a bankruptcy risk of 2.8% over the next 12 months, which is 2.0 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 126k and a net result of DKK -1.5m. CEO: Mads Hviid Carlsen, Glenn Rosenkjær.

Bankruptcy risk for First Wave Spirits ApS

2.8%
probability of bankruptcy within 12 months
High risk

2.0 × the average (1.41%) · higher risk than 87% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
43045121
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Skalhøje 133
9240 Nibe
Municipality
Aalborg
Industry
Engroshandel med vin og spiritus (463420)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 80k
Auditor
RéVision+ Statsautoriseret Revisionsanpartsselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio1.7%
Current ratio102%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 108kDKK 1.4mDKK 7.6m
Net profitDKK -1.5mDKK 311kDKK 4.1m
EquityDKK 126kDKK 395kDKK 4.2m
Total assetsDKK 7.2mDKK 10.1mDKK 13.6m
CashDKK 1.6mDKK 3.1m–
Short-term debtDKK 7.1mDKK 9.7m–
Tax owedDKK 0DKK 21k–
Avg. employees22–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Revision+.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025135
1 Jan 2024 – 31 Dec 2024171
1 Jan 2023 – 31 Dec 202325
9 Feb 2022 – 31 Dec 202211

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
CEOMads Hviid CarlsenCurrent
CEOGlenn RosenkjærCurrent
Owner (50%)AMOA Holding ApSCurrent
Owner (50%)GVSF Holding ApSCurrent
AuditorRéVision+ Statsautoriseret RevisionsanpartsselskabCurrent
FounderAMOA Holding ApSCurrent

The CEOs' other companies

Mads Hviid Carlsen – 4 other companies

Glenn Rosenkjær – 4 other companies

Address history (2 moves)

Skalhøje 133, 9240 Nibe
Skomagergade 16, 9240 Nibe
Skalhøje 31, 9240 Nibe

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Questions and answers about First Wave Spirits ApS

Has First Wave Spirits ApS gone bankrupt?

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

What is the bankruptcy risk of First Wave Spirits ApS?

Our model estimates a bankruptcy risk of 2.8% over the next 12 months (high risk), which is 2.0 times the average for Danish companies.

Who is the CEO of First Wave Spirits ApS?

Mads Hviid Carlsen, Glenn Rosenkjær are the CEOs of First Wave Spirits ApS.

Who is the auditor of First Wave Spirits ApS?

First Wave Spirits ApS most recently used RéVision+ Statsautoriseret Revisionsanpartsselskab.

When was First Wave Spirits ApS founded?

First Wave Spirits ApS was founded on 9 February 2022.

What is the equity of First Wave Spirits ApS?

Equity was DKK 126k 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.