Combustion ApS

CVR 44083833 · Private limited company (ApS) · Active · Medium risk

Combustion ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry engroshandel med motorkøretøjer. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -125k and a net result of DKK -186k. CEO: Martin Thomsen.

Bankruptcy risk for Combustion ApS

1.8%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 81% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
Moves in the last 2 years0 · bankruptcy rate 7.4%0.84×

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
44083833
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Skovvej 35
8700 Horsens
Municipality
Horsens
Industry
Engroshandel med motorkøretøjer (467100)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 40k
Auditor
Roesgaard
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-1.4%
Current ratio99%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -97kDKK 114k
Net profitDKK -186kDKK 38k
EquityDKK -125kDKK 61k
Total assetsDKK 9.1mDKK 3.7m
CashDKK 35k–
Short-term debtDKK 9.3m–
Tax owedDKK 6,072–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025169
1 Jan 2024 – 31 Dec 2024135
29 May 2023 – 31 Dec 2023165

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 ThomsenCurrent
Owner (100%)CAThomsen ApSCurrent
FounderCAThomsen ApSCurrent

The CEOs' other companies

Martin Thomsen – 13 other companies

Address history (0 moves)

Skovvej 35, 8700 Horsens

Other companies at the same address

Similar companies in Horsens

Questions and answers about Combustion ApS

Has Combustion ApS gone bankrupt?

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

What is the bankruptcy risk of Combustion ApS?

Our model estimates a bankruptcy risk of 1.8% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Combustion ApS?

Martin Thomsen is the CEO of Combustion ApS.

Who is the auditor of Combustion ApS?

Combustion ApS most recently used Roesgaard.

When was Combustion ApS founded?

Combustion ApS was founded on 29 May 2023.

What is the equity of Combustion ApS?

Equity was DKK -125k 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.