ZAS Holding ApS

CVR 45333426 · Private limited company (ApS) · Active · Low risk

ZAS Holding ApS is a Private limited company (ApS), founded on , based in Fredericia. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 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 772k and a net result of DKK 732k. CEO: Milad Safi, Belal Zahir Jan, Helal Zahir Jan, Abubakar Zarfi.

Bankruptcy risk for ZAS Holding ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Age (years)1 yrs · bankruptcy rate 21.6%2.5×
Published annual reports1 · bankruptcy rate 18.7%2.1×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Registered owners4+ · bankruptcy rate 5.7%0.65×

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
45333426
Status
Active
Company type
Private limited company (ApS)
Founded
(1 years)
Address
Gothersgade 18, 1.
7000 Fredericia
Municipality
Fredericia
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
RSM Danmark, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 1
Missing annual reportNo
Negative equityNo
Equity ratio43.5%
Current ratio77%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
Gross profitDKK -17k
Net profitDKK 732k
EquityDKK 772k
Total assetsDKK 1.8m
CashDKK 146k
Short-term debtDKK 1.0m
Avg. employees0

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

Filed annual reports

Reporting periodPublishedDays after period end
15 Jan 2025 – 31 Dec 2025195 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
CEOMilad SafiCurrent
CEOBelal Zahir JanCurrent
CEOHelal Zahir JanCurrent
CEOAbubakar ZarfiCurrent
Owner (25%)MZSAS Invest ApSCurrent
Owner (25%)HAJS Invest ApSCurrent
Owner (25%)ACZ Invest ApSCurrent
Owner (25%)BZS Invest ApSCurrent
Owner (25%)Milad Safi
Owner (25%)Belal Zahir Jan
Owner (25%)Helal Zahir Jan
Owner (25%)Abubakar Zarfi
FounderMilad SafiCurrent
FounderBelal Zahir JanCurrent
FounderHelal Zahir JanCurrent
FounderAbubakar ZarfiCurrent

The CEOs' other companies

Milad Safi – 5 other companies

Belal Zahir Jan – 6 other companies

Helal Zahir Jan – 6 other companies

Abubakar Zarfi – 5 other companies

Address history (0 moves)

Gothersgade 18, 1., 7000 Fredericia

Former names

ZAS Holding ApS – now
MAHB Holding ApS –

Other companies at the same address

Similar companies in Fredericia

Questions and answers about ZAS Holding ApS

Has ZAS Holding ApS gone bankrupt?

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

What is the bankruptcy risk of ZAS Holding ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of ZAS Holding ApS?

Milad Safi, Belal Zahir Jan, Helal Zahir Jan, Abubakar Zarfi are the CEOs of ZAS Holding ApS.

Who is the auditor of ZAS Holding ApS?

ZAS Holding ApS most recently used RSM Danmark, Statsautoriseret Revisionspartnerselskab.

When was ZAS Holding ApS founded?

ZAS Holding ApS was founded on 15 January 2025.

What is the equity of ZAS Holding ApS?

Equity was DKK 772k 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.