Painting Partners ApS

CVR 44464179 · Private limited company (ApS) · Active · Very high risk

Painting Partners ApS is a Private limited company (ApS), founded on , based in Odense S. The company is registered in the industry maleraktiviteter. Our model estimates a bankruptcy risk of 34.3% over the next 12 months, which is 24.3 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 (31 Dec 2025) shows equity of DKK 66k and a net result of DKK -131k. CEO: István Papp.

Bankruptcy risk for Painting Partners ApS

34.3%
probability of bankruptcy within 12 months
Very high risk

24.3 × the average (1.41%) · higher risk than 100% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Negative equityNo · bankruptcy rate 5.1%0.58×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
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
44464179
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
Landbrugsvej 10H
5260 Odense S
Municipality
Odense
Industry
Maleraktiviteter (433410)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio11.7%
Current ratio113%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address60
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 3,069DKK 11.1m
Net profitDKK -131kDKK 157k
EquityDKK 66kDKK 197k
Total assetsDKK 565kDKK 3.3m
CashDKK 1,634–
Short-term debtDKK 499k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025202 Late
28 Nov 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
CEOIstván PappCurrent
Owner (100%)István PappCurrent
FounderIstván PappCurrent

Address history (0 moves)

Landbrugsvej 10H, 5260 Odense S

Former names

Painting Partners ApS – now
HUPACO Danmark ApS –

Other companies at the same address

Similar companies in Odense

Questions and answers about Painting Partners ApS

Has Painting Partners ApS gone bankrupt?

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

What is the bankruptcy risk of Painting Partners ApS?

Our model estimates a bankruptcy risk of 34.3% over the next 12 months (very high risk), which is 24.3 times the average for Danish companies.

Who is the CEO of Painting Partners ApS?

István Papp is the CEO of Painting Partners ApS.

When was Painting Partners ApS founded?

Painting Partners ApS was founded on 28 November 2023.

What is the equity of Painting Partners ApS?

Equity was DKK 66k 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.