Passion Forest ApS

CVR 44334593 · Private limited company (ApS) · Active · Low risk

Passion Forest ApS is a Private limited company (ApS), founded on , based in Risskov. The company is registered in the industry dyrkning af træer og andre skovbrugsaktiviteter. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 2 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 5.8m and a net result of DKK -172k. CEO: Torben Hartvigsen.

Bankruptcy risk for Passion Forest ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Published annual reports2 · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
CEO's other companies10–30 · bankruptcy rate 6.0%0.68×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
44334593
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Jacob Adelborgs Allé 50
8240 Risskov
Municipality
Aarhus
Industry
Dyrkning af træer og andre skovbrugsaktiviteter (021000)
Bankruptcies in the industry: Dyrkning af træer og andre skovbrugsaktiviteter
Share capital
DKK 50k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio64.2%
Current ratio34%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -137kDKK -39k
Net profitDKK -172kDKK -56k
EquityDKK 5.8mDKK 5.9m
Total assetsDKK 9.0mDKK 7.6m
CashDKK 537kDKK 1.1m
Short-term debtDKK 3.2mDKK 1.6m
Avg. employees11

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025135
29 Sep 2023 – 30 Jun 2024170

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
CEOTorben HartvigsenCurrent
Owner (50%)HARTCON HOLDING ApSCurrent
Owner (50%)Andersen & Friends Holding ApSCurrent
Owner (50%)Torben Hartvigsen
Owner (50%)Anders Christian Andersen
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderHARTCON HOLDING ApSCurrent
FounderAndersen & Friends Holding ApSCurrent

The CEOs' other companies

Torben Hartvigsen – 55 other companies, of which 3 bankrupt

Address history (0 moves)

Jacob Adelborgs Allé 50, 8240 Risskov

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Passion Forest ApS

Has Passion Forest ApS gone bankrupt?

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

What is the bankruptcy risk of Passion Forest ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Passion Forest ApS?

Torben Hartvigsen is the CEO of Passion Forest ApS.

Who is the auditor of Passion Forest ApS?

Passion Forest ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Passion Forest ApS founded?

Passion Forest ApS was founded on 29 September 2023.

What is the equity of Passion Forest ApS?

Equity was DKK 5.8m according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.