SB MAS ApS

CVR 44246414 · Private limited company (ApS) · Active · Medium risk

SB MAS ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 2 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 36k and a net result of DKK 0. CEO: Jon Rex Laugen.

Bankruptcy risk for SB MAS ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
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×
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×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
44246414
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
c/o Sovino Brands, Pilestræde 10
1112 København K
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio100.0%
Current ratio–
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address74
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 0DKK -4,420
Net profitDKK 0DKK -4,420
EquityDKK 36kDKK 36k
Total assetsDKK 36kDKK 36k
CashDKK 32kDKK 32k
Avg. employees11

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025184 Late
16 Aug 2023 – 31 Dec 2024179

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
CEOJon Rex LaugenCurrent
CEOUrsula Izabel Waltemath
CEOTorben Bo Olsen
Owner (100%)Sovino Brands ApSCurrent
Owner (100%)Ursula Izabel Waltemath
FounderUrsula Izabel WaltemathCurrent

The CEOs' other companies

Jon Rex Laugen – 10 other companies, of which 1 bankrupt

Ursula Izabel Waltemath – 4 other companies, of which 3 bankrupt

Torben Bo Olsen – 47 other companies, of which 6 bankrupt

Address history (1 moves)

c/o Sovino Brands, Pilestræde 10, 1112 København K
Rebekkavej 44, st. th, 2900 Hellerup

Former names

SB MAS ApS – now
Ursula Waltemath ApS –

Other companies at the same address

Similar companies in København

Questions and answers about SB MAS ApS

Has SB MAS ApS gone bankrupt?

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

What is the bankruptcy risk of SB MAS ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of SB MAS ApS?

Jon Rex Laugen is the CEO of SB MAS ApS.

When was SB MAS ApS founded?

SB MAS ApS was founded on 16 August 2023.

What is the equity of SB MAS ApS?

Equity was DKK 36k 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.