GM Recycling ApS

CVR 44574381 · Private limited company (ApS) · Active · High risk

GM Recycling ApS is a Private limited company (ApS), founded on , based in Ansager. The company is registered in the industry genindvinding af materialer. Our model estimates a bankruptcy risk of 2.8% over the next 12 months, which is 2.0 times the average for Danish companies. 2 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK -480k and a net result of DKK -346k. CEO: Nikki Glibstrup Schmidt.

Bankruptcy risk for GM Recycling ApS

2.8%
probability of bankruptcy within 12 months
High risk

2.0 × the average (1.41%) · higher risk than 87% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×

Reduces the risk

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×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
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×
Marketing-protectedNo · bankruptcy rate 7.5%0.85×

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
44574381
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
c/o Nikki Glibstrup Schmidt, Borgergade 23B
6823 Ansager
Municipality
Varde
Industry
Genindvinding af materialer (382100)
Bankruptcies in the industry: Genbrug af sorterede materialer
Share capital
DKK 40k
Auditor
Deloitte Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityYes
Equity ratio-288.6%
Current ratio6%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -195kDKK -141k
Net profitDKK -346kDKK -173k
EquityDKK -480kDKK -133k
Total assetsDKK 166kDKK 200k
CashDKK 1,487–
Short-term debtDKK 646k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202597
18 Jan 2024 – 30 Sep 202479

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
CEONikki Glibstrup SchmidtCurrent
CEOKian Møller Nielsen
Owner (100%)NGS Holding ApSCurrent
Owner (50%)NGS Holding ApS
Owner (33%)Kian MN Holding ApS
FounderNGS Holding ApSCurrent
FounderKian MN Holding ApSCurrent

The CEOs' other companies

Nikki Glibstrup Schmidt – 2 other companies

Kian Møller Nielsen – 1 other companies

Address history (0 moves)

c/o Nikki Glibstrup Schmidt, Borgergade 23B, 6823 Ansager

Other companies at the same address

Similar companies in Varde

Questions and answers about GM Recycling ApS

Has GM Recycling ApS gone bankrupt?

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

What is the bankruptcy risk of GM Recycling ApS?

Our model estimates a bankruptcy risk of 2.8% over the next 12 months (high risk), which is 2.0 times the average for Danish companies.

Who is the CEO of GM Recycling ApS?

Nikki Glibstrup Schmidt is the CEO of GM Recycling ApS.

Who is the auditor of GM Recycling ApS?

GM Recycling ApS most recently used Deloitte Statsautoriseret Revisionspartnerselskab.

When was GM Recycling ApS founded?

GM Recycling ApS was founded on 18 January 2024.

What is the equity of GM Recycling ApS?

Equity was DKK -480k 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.