WHITEWATER ApS

CVR 43945416 · Private limited company (ApS) · Active · Low risk

WHITEWATER ApS is a Private limited company (ApS), founded on , based in Odense NV. The company is registered in the industry industrielt design og modedesign. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 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 (31 Dec 2025) shows equity of DKK 110k and a net result of DKK -9,831. CEO: Martin Højberg Pedersen.

Bankruptcy risk for WHITEWATER ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% 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×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
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
43945416
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Guldæble Have 1
5210 Odense NV
Municipality
Odense
Industry
Industrielt design og modedesign (741100)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 40k
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio71.2%
Current ratio348%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -10kDKK -8,560
Net profitDKK -9,831DKK -11k
EquityDKK 110kDKK 120k
Total assetsDKK 155kDKK 161k
CashDKK 147k–
Short-term debtDKK 45k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025100
1 Jan 2024 – 31 Dec 2024109
27 Mar 2023 – 31 Dec 2023219 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
CEOMartin Højberg PedersenCurrent
Owner (100%)WHITEWATER HOLDING ApSCurrent
FounderWHITEWATER HOLDING ApSCurrent

The CEOs' other companies

Martin Højberg Pedersen – 5 other companies

Address history (1 moves)

Guldæble Have 1, 5210 Odense NV
Guldæble Have 1, 5210 Odense NV

Other companies at the same address

Similar companies in Odense

Questions and answers about WHITEWATER ApS

Has WHITEWATER ApS gone bankrupt?

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

What is the bankruptcy risk of WHITEWATER ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of WHITEWATER ApS?

Martin Højberg Pedersen is the CEO of WHITEWATER ApS.

Who is the auditor of WHITEWATER ApS?

WHITEWATER ApS most recently used EY Godkendt Revisionspartnerselskab.

When was WHITEWATER ApS founded?

WHITEWATER ApS was founded on 27 March 2023.

What is the equity of WHITEWATER ApS?

Equity was DKK 110k 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.