Kinan ApS

CVR 43492497 · Private limited company (ApS) · Active · Very high risk

Kinan ApS is a Private limited company (ApS), founded on , based in Struer. The company is registered in the industry passagertransport på bestilling i køretøj med chauffør. Our model estimates a bankruptcy risk of 12.9% over the next 12 months, which is 9.2 times the average for Danish companies. 3 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 181k and a net result of DKK 56k. CEO: Marwan Mahmoud Bathish.

Bankruptcy risk for Kinan ApS

12.9%
probability of bankruptcy within 12 months
Very high risk

9.2 × the average (1.41%) · higher risk than 98% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Time at current address1 yrs · bankruptcy rate 14.0%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×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
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
43492497
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Vestergade 8C
7600 Struer
Municipality
Struer
Industry
Passagertransport på bestilling i køretøj med chauffør (493300)
Bankruptcies in the industry: Vejgodstransport
Share capital
DKK 40k
Auditor
Danica
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 3
Missing annual reportNo
Negative equityNo
Equity ratio63.2%
Current ratio233%
Moves (last 2 years)2
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 529kDKK 538kDKK 509k
Net profitDKK 56kDKK 50kDKK 35k
EquityDKK 181kDKK 125kDKK 75k
Total assetsDKK 287kDKK 224kDKK 210k
CashDKK 222kDKK 88k–
Short-term debtDKK 106kDKK 93k–
Tax owedDKK 38kDKK 19k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025211 Late
1 Oct 2023 – 30 Sep 2024182
2 Sep 2022 – 30 Sep 2023173

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
CEOMarwan Mahmoud BathishCurrent
Owner (100%)Marwan Mahmoud BathishCurrent
FounderMarwan Mahmoud BathishCurrent

Address history (2 moves)

Vestergade 8C, 7600 Struer
Broholmvej 7, 7430 Ikast
Fredhøj Alle 3, st. th, 7400 Herning

Other companies at the same address

Similar companies in Struer

Questions and answers about Kinan ApS

Has Kinan ApS gone bankrupt?

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

What is the bankruptcy risk of Kinan ApS?

Our model estimates a bankruptcy risk of 12.9% over the next 12 months (very high risk), which is 9.2 times the average for Danish companies.

Who is the CEO of Kinan ApS?

Marwan Mahmoud Bathish is the CEO of Kinan ApS.

Who is the auditor of Kinan ApS?

Kinan ApS most recently used Danica.

When was Kinan ApS founded?

Kinan ApS was founded on 2 September 2022.

What is the equity of Kinan ApS?

Equity was DKK 181k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.