Summer Engine ApS

CVR 44257564 · Private limited company (ApS) · Active · Very high risk

Summer Engine ApS is a Private limited company (ApS), founded on , based in København SV. The company is registered in the industry detailhandel med kunst mv.. Our model estimates a bankruptcy risk of 11.5% over the next 12 months, which is 8.2 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -247k and a net result of DKK -235k. CEO: Mathias Lange Heide Rasmussen.

Bankruptcy risk for Summer Engine ApS

11.5%
probability of bankruptcy within 12 months
Very high risk

8.2 × the average (1.41%) · higher risk than 97% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×

Reduces the risk

Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
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×
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
44257564
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Ernie Wilkins Vej 15, 4. tv
2450 København SV
Municipality
København
Industry
Detailhandel med kunst mv. (476920)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityYes
Equity ratio-633.7%
Current ratio43%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 5,000–
Gross profitDKK 198kDKK 176k
Net profitDKK -235kDKK -52k
EquityDKK -247kDKK -12k
Total assetsDKK 39kDKK 101k
CashDKK 39kDKK 100k
Short-term debtDKK 90kDKK 74k
Avg. employees–0

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
18 Aug 2023 – 31 Dec 2024181

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
CEOMathias Lange Heide RasmussenCurrent
Owner (100%)Summer Labs, IncCurrent
Owner (100%)Amethyst Holding ApS
Owner (100%)Mathias Heide Holding ApS
FounderAmethyst Holding ApSCurrent

The CEOs' other companies

Mathias Lange Heide Rasmussen – 2 other companies, of which 1 bankrupt

Address history (0 moves)

Ernie Wilkins Vej 15, 4. tv, 2450 København SV

Former names

Summer Engine ApS – now
WePaintArt ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Summer Engine ApS

Has Summer Engine ApS gone bankrupt?

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

What is the bankruptcy risk of Summer Engine ApS?

Our model estimates a bankruptcy risk of 11.5% over the next 12 months (very high risk), which is 8.2 times the average for Danish companies.

Who is the CEO of Summer Engine ApS?

Mathias Lange Heide Rasmussen is the CEO of Summer Engine ApS.

When was Summer Engine ApS founded?

Summer Engine ApS was founded on 18 August 2023.

What is the equity of Summer Engine ApS?

Equity was DKK -247k 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.