Culmas.io ApS

CVR 44705672 · Private limited company (ApS) · Active · Medium risk

Culmas.io ApS is a Private limited company (ApS), founded on , based in Helsingør. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.1m and a net result of DKK -208k. CEO: Thorkild Steen Andersen.

Bankruptcy risk for Culmas.io ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

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×
Negative equityNo · bankruptcy rate 5.1%0.58×
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×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
44705672
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
Nordhavnsvej 1A
3000 Helsingør
Municipality
Helsingør
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 50k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio81.3%
Current ratio140%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address31
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 810kDKK 625k
Net profitDKK -208kDKK -269k
EquityDKK 1.1mDKK -219k
Total assetsDKK 1.3mDKK 708k
CashDKK 18kDKK 56k
Short-term debtDKK 120kDKK 151k
Avg. employees33

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025133
7 Mar 2024 – 31 Dec 202499

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
CEOThorkild Steen AndersenCurrent
BoardLennart PagelsCurrent
BoardThorkild Steen AndersenCurrent
BoardStefan Pagels ChristensenCurrent
Owner (100%)PA Holding ApSCurrent
FounderPA Holding ApSCurrent

The CEOs' other companies

Thorkild Steen Andersen – 13 other companies, of which 3 bankrupt

Address history (1 moves)

Nordhavnsvej 1A, 3000 Helsingør
Dæmringsvej 3, 2900 Hellerup

Other companies at the same address

Similar companies in Helsingør

Questions and answers about Culmas.io ApS

Has Culmas.io ApS gone bankrupt?

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

What is the bankruptcy risk of Culmas.io ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of Culmas.io ApS?

Thorkild Steen Andersen is the CEO of Culmas.io ApS.

Who is the auditor of Culmas.io ApS?

Culmas.io ApS most recently used Beierholm.

When was Culmas.io ApS founded?

Culmas.io ApS was founded on 7 March 2024.

What is the equity of Culmas.io ApS?

Equity was DKK 1.1m 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.