Harba Systems ApS

CVR 43881523 · Private limited company (ApS) · Active · Very high risk

Harba Systems ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 46.0% over the next 12 months, which is 32.7 times the average for Danish companies. 3 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 1.8m and a net result of DKK -1.3m.

Bankruptcy risk for Harba Systems ApS

46.0%
probability of bankruptcy within 12 months
Very high risk

32.7 × the average (1.41%) · higher risk than 100% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Equity ratio40%–60% · 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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Capital changes3+ · bankruptcy rate 6.2%0.70×

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
43881523
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Sortedam Dossering 55
2100 København Ø
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 534k
Auditor
inforevision statsautoriseret revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 3
Missing annual reportNo
Negative equityNo
Equity ratio43.8%
Current ratio62%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address91
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.1mDKK 228kDKK -716k
Net profitDKK -1.3mDKK -1.7mDKK -1.7m
EquityDKK 1.8mDKK 2.7mDKK 1.2m
Total assetsDKK 4.0mDKK 3.3mDKK 2.9m
CashDKK 820kDKK 310k–
Short-term debtDKK 1.8mDKK 572k–
Avg. employees23–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · inforevision statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025188 Late
1 Jan 2024 – 31 Dec 2024153
21 Feb 2023 – 31 Dec 2023185 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
BoardMarie von Bülow Elkrog
BoardChristian von Bülow Elkrog
BoardAlgirdas Žarkaitis
BoardJens Karstoft
BoardOliver Kofoed Pedersen
BoardLudvik Mar Ludviksson
Owner (15%)Karstoft Holding ApSCurrent
Owner (10%)OK VENTURES ApSCurrent
Owner (5%)Morph Capital III ApSCurrent
Owner (33%)Bifrost Forge ApSCurrent
Owner (10%)Ludvik Mar Ludviksson
Owner (10%)CvZB Holding ApS
Owner (33%)CVBE ApS
Owner (10%)Daniel Barry Holding ApS
Owner (5%)Paulius Zilys
Owner (15%)Algirdas Zarkaitis
Owner (5%)Ludvik Mar Ludviksson
Owner (5%)Karstoft Holding ApS
Owner (5%)Tubiga ApS
Owner (25%)CVBE ApS
Owner (5%)Daniel Barry Holding ApS
Owner (10%)Morph Capital V ApS
Owner (10%)Algirdas Zarkaitis
Owner (10%)Tubiga ApS
Owner (20%)CVBE ApS
Owner (25%)Karstoft Holding ApS
Owner (20%)OK VENTURES ApS
Owner (5%)LFGEC ApS
Owner (10%)CVBE ApS
Owner (5%)Morph Capital V ApS
Owner (5%)Algirdas Zarkaitis
Owner (20%)Karstoft Holding ApS
Owner (15%)OK VENTURES ApS
Owner (33%)Bifrost Studios L.L.C-FZ
Owner (0%)Morph Capital V ApS
Auditorinforevision statsautoriseret revisionsaktieselskabCurrent
Auditorinforevision statsautoriseret revisionsaktieselskab
FounderLudvik Mar LudvikssonCurrent
FounderPetri Poulsen Holding ApSCurrent
FounderCvZB Holding ApSCurrent
FounderCVBE ApSCurrent
FounderDaniel Barry Holding ApSCurrent
FounderAlgirdas ŽarkaitisCurrent
FounderPaulius ZilysCurrent

Address history (3 moves)

Sortedam Dossering 55, 2100 København Ø
Guldborgvej 25, 2000 Frederiksberg
Valby Langgade 23, 1. tv, 2500 Valby
c/o c/o Christian Elkrog, Skelmosevej 10, 3. th, 2500 Valby

Former names

Harba Systems ApS – now
Wabo 2023 ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Harba Systems ApS

Has Harba Systems ApS gone bankrupt?

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

What is the bankruptcy risk of Harba Systems ApS?

Our model estimates a bankruptcy risk of 46.0% over the next 12 months (very high risk), which is 32.7 times the average for Danish companies.

Who is the auditor of Harba Systems ApS?

Harba Systems ApS most recently used inforevision statsautoriseret revisionsaktieselskab.

When was Harba Systems ApS founded?

Harba Systems ApS was founded on 21 February 2023.

What is the equity of Harba Systems ApS?

Equity was DKK 1.8m 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.