Funart Wholesale ApS

CVR 43233351 · Private limited company (ApS) · Active · Very high risk

Funart Wholesale ApS is a Private limited company (ApS), founded on , based in Brovst. The company is registered in the industry engroshandel med porcelæns- og glasvarer. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 times the average for Danish companies. 4 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 6,416 and a net result of DKK -17k.

Bankruptcy risk for Funart Wholesale ApS

7.8%
probability of bankruptcy within 12 months
Very high risk

5.6 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Gross profit growth-30%–-10% · bankruptcy rate 6.3%0.71×
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
43233351
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Terndrupvej 100
9460 Brovst
Municipality
Jammerbugt
Industry
Engroshandel med porcelæns- og glasvarer (464410)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Auditor
RSM Danmark, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 4
Missing annual reportNo
Negative equityNo
Equity ratio1.1%
Current ratio101%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 12kDKK 17kDKK 55k
Net profitDKK -17kDKK -24kDKK 14k
EquityDKK 6,416DKK 24kDKK 48k
Total assetsDKK 606kDKK 748kDKK 909k
CashDKK 2,562DKK 75k–
Short-term debtDKK 600kDKK 724k–
Avg. employees01–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · RSM Danmark, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025187 Late
1 Jan 2024 – 31 Dec 2024177
1 Jan 2023 – 31 Dec 2023152
2 May 2022 – 31 Dec 2022186 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
Owner (100%)KG Ejendom ApSCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKG Ejendom ApSCurrent

Address history (0 moves)

Terndrupvej 100, 9460 Brovst

Other companies at the same address

Questions and answers about Funart Wholesale ApS

Has Funart Wholesale ApS gone bankrupt?

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

What is the bankruptcy risk of Funart Wholesale ApS?

Our model estimates a bankruptcy risk of 7.8% over the next 12 months (very high risk), which is 5.6 times the average for Danish companies.

Who is the auditor of Funart Wholesale ApS?

Funart Wholesale ApS most recently used RSM Danmark, Statsautoriseret Revisionspartnerselskab.

When was Funart Wholesale ApS founded?

Funart Wholesale ApS was founded on 2 May 2022.

What is the equity of Funart Wholesale ApS?

Equity was DKK 6,416 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.