Appwork ApS

CVR 43194356 · Private limited company (ApS) · Active · Low risk

Appwork ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 13k and a net result of DKK 96k. CEO: Henrik Birkelund Kvist.

Bankruptcy risk for Appwork ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
43194356
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
c/o Henrik Kvist, Galgehøj 3
8700 Horsens
Municipality
Horsens
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 40k
Auditor
Roesgaard
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio1.4%
Current ratio68%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.3mDKK 1.2mDKK 571k
Net profitDKK 96kDKK 147kDKK -63k
EquityDKK 13kDKK -83kDKK -229k
Total assetsDKK 971kDKK 910kDKK 838k
CashDKK 175kDKK 252k–
Short-term debtDKK 933kDKK 977k–
Avg. employees22–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 202442
1 Jan 2023 – 31 Dec 2023130
11 Apr 2022 – 31 Dec 2022121

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
CEOHenrik Birkelund KvistCurrent
CEOHenrik Birkelund Kvist
Owner (100%)H. KVIST HOLDING ApSCurrent
FounderH. KVIST HOLDING ApSCurrent

The CEOs' other companies

Henrik Birkelund Kvist – 2 other companies

Address history (3 moves)

c/o Henrik Kvist, Galgehøj 3, 8700 Horsens
Ove Jensens Alle 35, 8700 Horsens
c/o Erhvervsstyrelsen, Dahlerups Pakhus, Langelinie Allé 17, 2100 København Ø
Ove Jensens Alle 35, 1., 8700 Horsens

Other companies at the same address

Similar companies in Horsens

Questions and answers about Appwork ApS

Has Appwork ApS gone bankrupt?

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

What is the bankruptcy risk of Appwork ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Appwork ApS?

Henrik Birkelund Kvist is the CEO of Appwork ApS.

Who is the auditor of Appwork ApS?

Appwork ApS most recently used Roesgaard.

When was Appwork ApS founded?

Appwork ApS was founded on 11 April 2022.

What is the equity of Appwork ApS?

Equity was DKK 13k 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.