Refine Aarhus ApS

CVR 44314231 · Private limited company (ApS) · Active · Medium risk

Refine Aarhus ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 88k and a net result of DKK 65k. CEO: Kasper Grotrian Andersen, Nicolai Horslund Karl Thrane.

Bankruptcy risk for Refine Aarhus ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%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×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Registered owners3 · bankruptcy rate 6.2%0.71×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
44314231
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Falstersgade 27, 1.
8000 Aarhus C
Municipality
Aarhus
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 45k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio6.6%
Current ratio107%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 265kDKK -22k
Net profitDKK 65kDKK -21k
EquityDKK 88kDKK 24k
Total assetsDKK 1.3mDKK 1.1m
CashDKK 1.3mDKK 1.0m
Short-term debtDKK 1.3mDKK 1.1m
Tax owedDKK 20k–

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 2025162
19 Sep 2023 – 31 Dec 2024178

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
CEOKasper Grotrian AndersenCurrent
CEONicolai Horslund Karl ThraneCurrent
Owner (33%)Kasper Grotrian AndersenCurrent
Owner (33%)Andreas RyeCurrent
Owner (33%)Nicolai Horslund Karl ThraneCurrent
FounderKasper Grotrian AndersenCurrent
FounderAndreas RyeCurrent
FounderNicolai Horslund Karl ThraneCurrent

The CEOs' other companies

Kasper Grotrian Andersen – 2 other companies

Nicolai Horslund Karl Thrane – 1 other companies

Address history (0 moves)

Falstersgade 27, 1., 8000 Aarhus C

Similar companies in Aarhus

Questions and answers about Refine Aarhus ApS

Has Refine Aarhus ApS gone bankrupt?

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

What is the bankruptcy risk of Refine Aarhus ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Refine Aarhus ApS?

Kasper Grotrian Andersen, Nicolai Horslund Karl Thrane are the CEOs of Refine Aarhus ApS.

When was Refine Aarhus ApS founded?

Refine Aarhus ApS was founded on 19 September 2023.

What is the equity of Refine Aarhus ApS?

Equity was DKK 88k 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.