Understory A/S

CVR 43717960 · Public limited company (A/S) · Active · Low risk

Understory A/S is a Public limited company (A/S), founded on , based in Aarhus C. The company is registered in the industry computerprogrammering. 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 83.2m and a net result of DKK -34.1m. CEO: Lasse Fænø Kallesøe Kjær.

Bankruptcy risk for Understory A/S

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

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
43717960
Status
Active
Company type
Public limited company (A/S)
Founded
(3 years)
Address
Vestergade 4, 2.
8000 Aarhus C
Municipality
Aarhus
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 8.1m
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio97.5%
Current ratio3,662%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -4.4mDKK -6.6m
Net profitDKK -34.1mDKK -20.5m
EquityDKK 83.2mDKK 28.0m
Total assetsDKK 85.4mDKK 32.6m
CashDKK 76.7m–
Short-term debtDKK 2.1m–
Avg. employees40–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202585
1 Jan 2024 – 31 Dec 2024119
11 Dec 2022 – 31 Dec 2023181

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
CEOLasse Fænø Kallesøe KjærCurrent
BoardLasse Fænø Kallesøe KjærCurrent
BoardLars Daniel Blom RasmussenCurrent
BoardAnders Kynde FrederiksenCurrent
BoardUlla Brockenhuus-SchackCurrent
BoardJonathan Andrew LernerCurrent
BoardPoul Thyregod
BoardPer Kirchner
BoardAnders Boelskifte Mogensen
BoardPeter Mühlendorph Egehoved
BoardAnders Boelskifte Mogensen
Owner (15%)LK ONLINE ApSCurrent
Owner (5%)1337 ApSCurrent
Owner (20%)Seed Capital Denmark IV K/SCurrent
Owner (15%)firstminute capital III LPCurrent
Owner (10%)Smedvig Ventures 2 LPCurrent
Owner (5%)KIRCHNER ApS
Owner (50%)LK ONLINE ApS
Owner (5%)BULLGOOD A/S
Owner (20%)1337 ApS
Owner (33%)LK ONLINE ApS
Owner (15%)1337 ApS
Owner (5%)Founderment A/S
Owner (5%)KIRCHNER ApS
Owner (5%)BULLGOOD A/S
Owner (10%)Founderment A/S
Owner (25%)LK ONLINE ApS
Owner (10%)1337 ApS
Owner (15%)Seed Capital Denmark IV K/S
Owner (5%)Founderment A/S
Owner (10%)firstminute capital III LP
Owner (20%)Seed Capital Denmark IV K/S
Owner (15%)firstminute capital III LP
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKIRCHNER ApSCurrent
FounderMVP HOLDING 2007 ApSCurrent
FounderLK ONLINE ApSCurrent
FounderBULLGOOD A/SCurrent
Founder1337 ApSCurrent
FounderAPN HOLDING ApSCurrent
FounderLAUGO HOLDING ApSCurrent
FounderJB Herman Holding ApSCurrent

The CEOs' other companies

Lasse Fænø Kallesøe Kjær – 5 other companies, of which 1 bankrupt

Address history (2 moves)

Vestergade 4, 2., 8000 Aarhus C
M.P. Bruuns Gade 46B, 1., 8000 Aarhus C
Michael Drewsens Vej 13, 8270 Højbjerg

Former names

Understory A/S – now
Holdbar.com A/S –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Understory A/S

Has Understory A/S gone bankrupt?

No, Understory A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Understory A/S?

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 Understory A/S?

Lasse Fænø Kallesøe Kjær is the CEO of Understory A/S.

Who is the auditor of Understory A/S?

Understory A/S most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Understory A/S founded?

Understory A/S was founded on 11 December 2022.

What is the equity of Understory A/S?

Equity was DKK 83.2m 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.