TOP ApS

CVR 45099733 · Private limited company (ApS) · Active · Medium risk

TOP ApS is a Private limited company (ApS), founded on , based in Bording. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 1 annual report has 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 23k and a net result of DKK -17k. CEO: Lucian Mihai Balan.

Bankruptcy risk for TOP ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports1 · bankruptcy rate 18.7%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Negative equityNo · bankruptcy rate 5.1%0.58×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
45099733
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
Lærkevej 9
7441 Bording
Municipality
Ikast-Brande
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 1
Missing annual reportNo
Negative equityNo
Equity ratio93.8%
Current ratio312%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
RevenueDKK 0
Gross profitDKK -17k
Net profitDKK -17k
EquityDKK 23k
Total assetsDKK 25k
CashDKK 4,763
Short-term debtDKK 1,525
Avg. employees0

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

Filed annual reports

Reporting periodPublishedDays after period end
23 Sep 2024 – 31 Dec 2025196 Late

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
CEOLucian Mihai BalanCurrent
Owner (100%)Lucian Mihai BalanCurrent
FounderLucian Mihai BalanCurrent

The CEOs' other companies

Lucian Mihai Balan – 1 other companies

Address history (0 moves)

Lærkevej 9, 7441 Bording

Other companies at the same address

Similar companies in Ikast-Brande

Questions and answers about TOP ApS

Has TOP ApS gone bankrupt?

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

What is the bankruptcy risk of TOP ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of TOP ApS?

Lucian Mihai Balan is the CEO of TOP ApS.

When was TOP ApS founded?

TOP ApS was founded on 23 September 2024.

What is the equity of TOP ApS?

Equity was DKK 23k 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.