Papirværk ApS

CVR 43642219 · Private limited company (ApS) · Active · Low risk

Papirværk ApS is a Private limited company (ApS), founded on , based in Odense S. The company is registered in the industry fremstilling af papirmasse. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 97k and a net result of DKK -9,458. CEO: Sebastian Frisdahl Kjær.

Bankruptcy risk for Papirværk ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% 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×
Website registeredYes · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%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

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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×

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
43642219
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
c/o Papirværk ApS, Egegårdsvej 3
5260 Odense S
Municipality
Odense
Industry
Fremstilling af papirmasse (171100)
Bankruptcies in the industry: Fremstilling af bølgepap og pap og emballage af papir og pap
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio30.5%
Current ratio110%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 714kDKK 707k
Net profitDKK -9,458DKK 87k
EquityDKK 97kDKK 107k
Total assetsDKK 319kDKK 262k
CashDKK 114k–
Short-term debtDKK 222k–
Tax owedDKK 589–
Avg. employees2–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025110
1 Jan 2024 – 31 Dec 2024126
14 Nov 2022 – 31 Dec 2023176

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
CEOSebastian Frisdahl KjærCurrent
CEOJonas Thorup Langelund
Owner (50%)Jonas TL Holding ApSCurrent
Owner (33%)Frisdahl Kjær Holding ApSCurrent
Owner (67%)Jonas TL Holding ApS
Owner (25%)Frisdahl Kjær Holding ApS
Owner (5%)Jonathan Jelling Tornfeldt Ørtved
Owner (67%)Jonas TL Holding ApS
Owner (50%)Jonas TL Holding ApS
Owner (33%)Frisdahl Kjær Holding ApS
FounderJonas TL Holding ApSCurrent
FounderFrisdahl Kjær Holding ApSCurrent

The CEOs' other companies

Sebastian Frisdahl Kjær – 1 other companies

Jonas Thorup Langelund – 1 other companies

Address history (2 moves)

c/o Papirværk ApS, Egegårdsvej 3, 5260 Odense S
c/o Papirværk ApS, Havnegade 100, 5000 Odense C
Bøgebjergvej 13, st. th, 5000 Odense C

Other companies at the same address

Questions and answers about Papirværk ApS

Has Papirværk ApS gone bankrupt?

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

What is the bankruptcy risk of Papirværk ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

Who is the CEO of Papirværk ApS?

Sebastian Frisdahl Kjær is the CEO of Papirværk ApS.

Who is the auditor of Papirværk ApS?

Papirværk ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Papirværk ApS founded?

Papirværk ApS was founded on 14 November 2022.

What is the equity of Papirværk ApS?

Equity was DKK 97k 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.