CSES ApS

CVR 45483770 · Private limited company (ApS) · Active · Low risk

CSES ApS is a Private limited company (ApS), founded on , based in Ringsted. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 1 annual report has been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.8m and a net result of DKK 271k. CEO: Thomas Stoustrup Kukuyuk Vangsaa.

Bankruptcy risk for CSES ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)1 yrs · bankruptcy rate 21.6%2.5×
Published annual reports1 · bankruptcy rate 18.7%2.1×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
45483770
Status
Active
Company type
Private limited company (ApS)
Founded
(1 years)
Address
Torvet 10, st.
4100 Ringsted
Municipality
Ringsted
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 47k
Auditor
Ecovis Danmark
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 1
Missing annual reportNo
Negative equityNo
Equity ratio89.5%
Current ratio202%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
Gross profitDKK -15k
Net profitDKK 271k
EquityDKK 1.8m
Total assetsDKK 2.0m
CashDKK 130k
Short-term debtDKK 215k
Avg. employees0

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025124

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
CEOThomas Stoustrup Kukuyuk VangsaaCurrent
Owner (67%)Fmerf ApSCurrent
Owner (15%)MCTP Holding ApSCurrent
Owner (100%)Fmerf ApS
FounderFmerf ApSCurrent

The CEOs' other companies

Thomas Stoustrup Kukuyuk Vangsaa – 5 other companies

Address history (1 moves)

Torvet 10, st., 4100 Ringsted
Lavetten 93, 4100 Ringsted

Other companies at the same address

Similar companies in Ringsted

Questions and answers about CSES ApS

Has CSES ApS gone bankrupt?

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

What is the bankruptcy risk of CSES ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of CSES ApS?

Thomas Stoustrup Kukuyuk Vangsaa is the CEO of CSES ApS.

Who is the auditor of CSES ApS?

CSES ApS most recently used Ecovis Danmark.

When was CSES ApS founded?

CSES ApS was founded on 21 March 2025.

What is the equity of CSES ApS?

Equity was DKK 1.8m 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.