Formulate Holding ApS

CVR 43098551 · Private limited company (ApS) · Active · Low risk

Formulate Holding ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% 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 344k and a net result of DKK -281k. CEO: Kim Tidemann Jørgensen.

Bankruptcy risk for Formulate Holding ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% 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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
43098551
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
c/o Kim Tidemann Jørgensen, Hjortesigen 5
8600 Silkeborg
Municipality
Silkeborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio45.6%
Current ratio1%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -4,406DKK 748kDKK 605k
Net profitDKK -281kDKK -137kDKK 406k
EquityDKK 344kDKK 626kDKK 763k
Total assetsDKK 755kDKK 1.1mDKK 2.2m
CashDKK 3,808DKK 19k–
Short-term debtDKK 410kDKK 441k–
Tax owed–DKK 0–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023181
25 Feb 2022 – 31 Dec 2022158

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
CEOKim Tidemann JørgensenCurrent
Owner (100%)Kim Tidemann JørgensenCurrent
FounderKim Tidemann JørgensenCurrent

The CEOs' other companies

Kim Tidemann Jørgensen – 3 other companies

Address history (0 moves)

c/o Kim Tidemann Jørgensen, Hjortesigen 5, 8600 Silkeborg

Similar companies in Silkeborg

Questions and answers about Formulate Holding ApS

Has Formulate Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Formulate Holding ApS?

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

Who is the CEO of Formulate Holding ApS?

Kim Tidemann Jørgensen is the CEO of Formulate Holding ApS.

When was Formulate Holding ApS founded?

Formulate Holding ApS was founded on 25 February 2022.

What is the equity of Formulate Holding ApS?

Equity was DKK 344k 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.