Danish-Fireworks ApS

CVR 44920883 · Private limited company (ApS) · Active · Very high risk

Danish-Fireworks ApS is a Private limited company (ApS), founded on , based in Dronninglund. The company is registered in the industry engroshandel med kemiske produkter. Our model estimates a bankruptcy risk of 11.5% over the next 12 months, which is 8.2 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 91k and a net result of DKK 63k. CEO: Michael Hovalt Nielsen.

Bankruptcy risk for Danish-Fireworks ApS

11.5%
probability of bankruptcy within 12 months
Very high risk

8.2 × the average (1.41%) · higher risk than 97% 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 bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%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×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×

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
44920883
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
c/o Christian Nødskov Sonne-Schmidt, Asåvej 3
9330 Dronninglund
Municipality
Brønderslev
Industry
Engroshandel med kemiske produkter (468500)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio6.5%
Current ratio103%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 133kDKK -12k
Net profitDKK 63kDKK -12k
EquityDKK 91kDKK 28k
Total assetsDKK 1.4mDKK 331k
CashDKK 355k–
Short-term debtDKK 1.3m–
Tax owedDKK 12k–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
21 Jun 2024 – 31 Dec 2024182

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
CEOMichael Hovalt NielsenCurrent
Owner (100%)Christian Nødskov Sonne-SchmidtCurrent
FounderChristian Nødskov Sonne-SchmidtCurrent

The CEOs' other companies

Michael Hovalt Nielsen – 1 other companies, of which 1 bankrupt

Address history (1 moves)

c/o Christian Nødskov Sonne-Schmidt, Asåvej 3, 9330 Dronninglund
Asåvej 3, 9330 Dronninglund

Other companies at the same address

Similar companies in Brønderslev

Questions and answers about Danish-Fireworks ApS

Has Danish-Fireworks ApS gone bankrupt?

No, Danish-Fireworks ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Danish-Fireworks ApS?

Our model estimates a bankruptcy risk of 11.5% over the next 12 months (very high risk), which is 8.2 times the average for Danish companies.

Who is the CEO of Danish-Fireworks ApS?

Michael Hovalt Nielsen is the CEO of Danish-Fireworks ApS.

When was Danish-Fireworks ApS founded?

Danish-Fireworks ApS was founded on 21 June 2024.

What is the equity of Danish-Fireworks ApS?

Equity was DKK 91k 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.