ssaas.it ApS

CVR 44379473 · Private limited company (ApS) · Active · Very high risk

ssaas.it ApS is a Private limited company (ApS), founded on , based in Brabrand. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 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 (30 Sep 2025) shows equity of DKK 364k and a net result of DKK 120k. CEO: Martin Sandvad.

Bankruptcy risk for ssaas.it ApS

7.8%
probability of bankruptcy within 12 months
Very high risk

5.6 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
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

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
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
44379473
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Glamhøjvej 9
8220 Brabrand
Municipality
Aarhus
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio86.9%
Current ratio766%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 362kDKK 317k
Net profitDKK 120kDKK 213k
EquityDKK 364kDKK 253k
Total assetsDKK 418kDKK 260k
CashDKK 584DKK 4,450
Short-term debtDKK 55kDKK 7,013

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025189 Late
17 Oct 2023 – 30 Sep 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
CEOMartin SandvadCurrent
Owner (100%)Sandvad Inc. ApSCurrent
FounderSandvad Inc. ApSCurrent

The CEOs' other companies

Martin Sandvad – 4 other companies

Address history (1 moves)

Glamhøjvej 9, 8220 Brabrand
Katrinebjergvej 115, 8200 Aarhus N

Other companies at the same address

Similar companies in Aarhus

Questions and answers about ssaas.it ApS

Has ssaas.it ApS gone bankrupt?

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

What is the bankruptcy risk of ssaas.it ApS?

Our model estimates a bankruptcy risk of 7.8% over the next 12 months (very high risk), which is 5.6 times the average for Danish companies.

Who is the CEO of ssaas.it ApS?

Martin Sandvad is the CEO of ssaas.it ApS.

When was ssaas.it ApS founded?

ssaas.it ApS was founded on 17 October 2023.

What is the equity of ssaas.it ApS?

Equity was DKK 364k according to the annual report for the period ending 30 September 2025.

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