TB23 ApS

CVR 44126125 · Private limited company (ApS) · Active · Medium risk

TB23 ApS is a Private limited company (ApS), founded on , based in Frederikshavn. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 145k and a net result of DKK -37k. CEO: Victor Ørvad.

Bankruptcy risk for TB23 ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%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×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
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×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
44126125
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Tuenvej 70
9900 Frederikshavn
Municipality
Frederikshavn
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Auditor
Revisionsfirmaet Peter Berg
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio92.0%
Current ratio868%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 217kDKK 470kDKK 277k
Net profitDKK -37kDKK 14kDKK 128k
EquityDKK 145kDKK 182kDKK 168k
Total assetsDKK 157kDKK 288kDKK 371k
CashDKK 48kDKK 133k–
Short-term debtDKK 13kDKK 103k–
Tax owed–DKK 1,914–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025147
1 Jan 2024 – 31 Dec 2024169
16 Jun 2023 – 31 Dec 2023137

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
CEOVictor ØrvadCurrent
Owner (100%)Victor ØrvadCurrent
FounderVictor ØrvadCurrent

Address history (3 moves)

Tuenvej 70, 9900 Frederikshavn
Kvisselvej 4, 9981 Jerup
Søndergade 37B, 1. th, 9900 Frederikshavn
Rendborgvej 51, 9900 Frederikshavn

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Questions and answers about TB23 ApS

Has TB23 ApS gone bankrupt?

No, TB23 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TB23 ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of TB23 ApS?

Victor Ørvad is the CEO of TB23 ApS.

Who is the auditor of TB23 ApS?

TB23 ApS most recently used Revisionsfirmaet Peter Berg.

When was TB23 ApS founded?

TB23 ApS was founded on 16 June 2023.

What is the equity of TB23 ApS?

Equity was DKK 145k 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.