Road Adventures ApS

CVR 44425963 · Private limited company (ApS) · Active · Medium risk

Road Adventures ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry detailhandel med motorkøretøjer. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 53k and a net result of DKK 17k. CEO: Mads Blom Nikolajsen, Matias Bøgvad Appel.

Bankruptcy risk for Road Adventures ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%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

Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Registered owners3 · bankruptcy rate 6.2%0.71×
Gross profit growth-30%–-10% · bankruptcy rate 6.3%0.71×
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
44425963
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
c/o Jonas Hvid, Helga Pedersens Gade 109, 6. th
8000 Aarhus C
Municipality
Aarhus
Industry
Detailhandel med motorkøretøjer (478100)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio17.9%
Current ratio1%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 17kDKK 22k
Net profitDKK 17kDKK 22k
EquityDKK 53kDKK 57k
Total assetsDKK 298kDKK 335k
CashDKK 3,121DKK 148k
Short-term debtDKK 245kDKK 278k
Tax owedDKK 4,807DKK 4,807

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 2025174
7 Nov 2023 – 31 Dec 2024140

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
CEOMads Blom NikolajsenCurrent
CEOMatias Bøgvad AppelCurrent
Owner (33%)Matias Appel ApSCurrent
Owner (33%)Mads Blom Nikolajsen ApSCurrent
Owner (33%)JH91 Holding ApSCurrent
FounderMatias Appel ApSCurrent
FounderMads Blom Nikolajsen ApSCurrent
FounderJH91 Holding ApSCurrent

The CEOs' other companies

Mads Blom Nikolajsen – 2 other companies

Matias Bøgvad Appel – 3 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Jonas Hvid, Helga Pedersens Gade 109, 6. th, 8000 Aarhus C
Esther Aggebos Gade 38, 2. 4, 8000 Aarhus C

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Road Adventures ApS

Has Road Adventures ApS gone bankrupt?

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

What is the bankruptcy risk of Road Adventures ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of Road Adventures ApS?

Mads Blom Nikolajsen, Matias Bøgvad Appel are the CEOs of Road Adventures ApS.

When was Road Adventures ApS founded?

Road Adventures ApS was founded on 7 November 2023.

What is the equity of Road Adventures ApS?

Equity was DKK 53k 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.