Underground Ventures ApS

CVR 44510731 · Private limited company (ApS) · Active · Low risk

Underground Ventures ApS is a Private limited company (ApS), founded on , based in Gentofte. The company is registered in the industry ikke-finansielle holdingselskaber. 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 (31 Dec 2025) shows equity of DKK -8.1m and a net result of DKK -5.1m. CEO: Per Lundahl, Torsten Kolind.

Bankruptcy risk for Underground Ventures 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

Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×
Return on assets-20%–0% · 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
44510731
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
c/o Lundahl, Skolevej 2
2820 Gentofte
Municipality
Gentofte
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityYes
Equity ratio-12.4%
Current ratio4%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address16
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -726kDKK -443k
Net profitDKK -5.1mDKK -3.1m
EquityDKK -8.1mDKK -3.1m
Total assetsDKK 65.5mDKK 37.8m
CashDKK 1.4mDKK 394k
Short-term debtDKK 73.6mDKK 85k
Avg. employees21

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
19 Dec 2023 – 31 Dec 2024176

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
CEOPer LundahlCurrent
CEOTorsten KolindCurrent
Owner (10%)WORLDWEB ApSCurrent
Owner (90%)JA Technologies IV ApSCurrent
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderWORLDWEB ApSCurrent
FounderJA Technologies IV ApSCurrent

The CEOs' other companies

Per Lundahl – 14 other companies, of which 1 bankrupt

Torsten Kolind – 2 other companies

Address history (0 moves)

c/o Lundahl, Skolevej 2, 2820 Gentofte

Former names

Underground Ventures ApS – now
JA Geothermal Energy ApS –

Other companies at the same address

Similar companies in Gentofte

Questions and answers about Underground Ventures ApS

Has Underground Ventures ApS gone bankrupt?

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

What is the bankruptcy risk of Underground Ventures 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 Underground Ventures ApS?

Per Lundahl, Torsten Kolind are the CEOs of Underground Ventures ApS.

Who is the auditor of Underground Ventures ApS?

Underground Ventures ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Underground Ventures ApS founded?

Underground Ventures ApS was founded on 19 December 2023.

What is the equity of Underground Ventures ApS?

Equity was DKK -8.1m 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.