Elevate Studio ApS

CVR 43432435 · Private limited company (ApS) · Active · Medium risk

Elevate Studio ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry detailhandel med andre fødevarer. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -352k and a net result of DKK -82k. CEO: Morten Kjertan Holse.

Bankruptcy risk for Elevate Studio ApS

1.8%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 81% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
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×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
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×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
43432435
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Roarsvej 1
7400 Herning
Municipality
Herning
Industry
Detailhandel med andre fødevarer (472700)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
Revision Ry &amp; Hammel Godkendt Revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-63.8%
Current ratio6%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -7,560DKK -128k
Net profitDKK -82kDKK -142k
EquityDKK -352kDKK -270k
Total assetsDKK 552kDKK 0
CashDKK 31k–
Short-term debtDKK 904k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revision Ry &amp; Hammel Godkendt Revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025111
1 Jan 2024 – 31 Dec 202473
9 Aug 2022 – 31 Dec 2023159

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
CEOMorten Kjertan HolseCurrent
Owner (50%)Mk Development Holding ApSCurrent
Owner (33%)Camilla HolseCurrent
FounderMk Development Holding ApSCurrent

The CEOs' other companies

Morten Kjertan Holse – 6 other companies, of which 1 bankrupt

Address history (0 moves)

Roarsvej 1, 7400 Herning

Former names

Elevate Studio ApS – now
Sundlivsstil ApS –

Other companies at the same address

Similar companies in Herning

Questions and answers about Elevate Studio ApS

Has Elevate Studio ApS gone bankrupt?

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

What is the bankruptcy risk of Elevate Studio ApS?

Our model estimates a bankruptcy risk of 1.8% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Elevate Studio ApS?

Morten Kjertan Holse is the CEO of Elevate Studio ApS.

Who is the auditor of Elevate Studio ApS?

Elevate Studio ApS most recently used Revision Ry &amp; Hammel Godkendt Revisionsaktieselskab.

When was Elevate Studio ApS founded?

Elevate Studio ApS was founded on 9 August 2022.

What is the equity of Elevate Studio ApS?

Equity was DKK -352k 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.