Cyan Renewables ApS

CVR 43887904 · Private limited company (ApS) · Active · High risk

Cyan Renewables ApS is a Private limited company (ApS), founded on , based in Esbjerg. The company is registered in the industry formidlingsaktiviteter inden for godstransport. Our model estimates a bankruptcy risk of 2.8% over the next 12 months, which is 2.0 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 (31 Dec 2025) shows equity of DKK 14.9m and a net result of DKK -397k. CEO: Lee Keng Lin.

Bankruptcy risk for Cyan Renewables ApS

2.8%
probability of bankruptcy within 12 months
High risk

2.0 × the average (1.41%) · higher risk than 87% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years3+ · bankruptcy rate 41.0%4.7×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
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×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Has a boardYes · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
43887904
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Kanalen 1
6700 Esbjerg
Municipality
Esbjerg
Industry
Formidlingsaktiviteter inden for godstransport (523100)
Bankruptcies in the industry: Speditører
Share capital
DKK 122.6m
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio90.1%
Current ratio8%
Moves (last 2 years)3
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address20
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -149kDKK -205kDKK -190k
Net profitDKK -397kDKK -682kDKK -434k
EquityDKK 14.9mDKK 15.3mDKK 16.0m
Total assetsDKK 16.6mDKK 16.7mDKK 16.6m
CashDKK 50kDKK 93k–
Short-term debtDKK 1.6mDKK 1.4m–
Avg. employees23–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · KPMG.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025188 Late
1 Jan 2024 – 31 Dec 2024181
10 Feb 2023 – 31 Dec 2023178

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
CEOLee Keng LinCurrent
CEOLars Christian Zøhner
BoardLee Keng LinCurrent
BoardNing BoCurrent
BoardChern Chee WeeCurrent
BoardJou LeeCurrent
BoardChia Kang YuCurrent
BoardChern Chee Song
BoardChern Chee Wee
BoardLars Christian Zøhner
Owner (100%)Cyan EMEA Pte. LtdCurrent
AuditorKPMG P/SCurrent
FounderCyan EMEA Pte. LtdCurrent

The CEOs' other companies

Lars Christian Zøhner – 28 other companies, of which 7 bankrupt

Address history (4 moves)

Kanalen 1, 6700 Esbjerg
Kanalen 1, 1., 6700 Esbjerg
Vestkraftgade 1, 4., 6700 Esbjerg
Adgangsvejen 1, 6700 Esbjerg
Fiskebrogade 5, 6700 Esbjerg

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about Cyan Renewables ApS

Has Cyan Renewables ApS gone bankrupt?

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

What is the bankruptcy risk of Cyan Renewables ApS?

Our model estimates a bankruptcy risk of 2.8% over the next 12 months (high risk), which is 2.0 times the average for Danish companies.

Who is the CEO of Cyan Renewables ApS?

Lee Keng Lin is the CEO of Cyan Renewables ApS.

Who is the auditor of Cyan Renewables ApS?

Cyan Renewables ApS most recently used KPMG P/S.

When was Cyan Renewables ApS founded?

Cyan Renewables ApS was founded on 10 February 2023.

What is the equity of Cyan Renewables ApS?

Equity was DKK 14.9m 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.