Watersnake ApS

CVR 43951688 · Private limited company (ApS) · Active · High risk

Watersnake ApS is a Private limited company (ApS), founded on , based in Odense S. The company is registered in the industry detailhandel med byggematerialer og værktøj. Our model estimates a bankruptcy risk of 3.0% over the next 12 months, which is 2.1 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 35k and a net result of DKK 5,244. CEO: Mikael Desmareth Rasmussen.

Bankruptcy risk for Watersnake ApS

3.0%
probability of bankruptcy within 12 months
High risk

2.1 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · 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×

Reduces the risk

Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
43951688
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Svendborgvej 83, st.
5260 Odense S
Municipality
Odense
Industry
Detailhandel med byggematerialer og værktøj (475220)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio9.8%
Current ratio111%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 17kDKK -20k
Net profitDKK 5,244DKK -20k
EquityDKK 35kDKK 30k
Total assetsDKK 356kDKK 218k
CashDKK 30k–
Short-term debtDKK 321k–
Tax owedDKK 164–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025157
1 Jan 2024 – 31 Dec 202490
27 Mar 2023 – 31 Dec 202366

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
CEOMikael Desmareth RasmussenCurrent
Owner (100%)Desmareth Holding ApSCurrent
FounderDesmareth Holding ApSCurrent

The CEOs' other companies

Mikael Desmareth Rasmussen – 3 other companies

Address history (2 moves)

Svendborgvej 83, st., 5260 Odense S
Faaborgvej 3, kl., 5250 Odense SV
Kallerupvej 26, 5230 Odense M

Other companies at the same address

Similar companies in Odense

Questions and answers about Watersnake ApS

Has Watersnake ApS gone bankrupt?

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

What is the bankruptcy risk of Watersnake ApS?

Our model estimates a bankruptcy risk of 3.0% over the next 12 months (high risk), which is 2.1 times the average for Danish companies.

Who is the CEO of Watersnake ApS?

Mikael Desmareth Rasmussen is the CEO of Watersnake ApS.

When was Watersnake ApS founded?

Watersnake ApS was founded on 27 March 2023.

What is the equity of Watersnake ApS?

Equity was DKK 35k 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.