Substanz ApS

CVR 46033841 · Private limited company (ApS) · Active · Low risk

Substanz ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry programskabelse, udgivelse og distribution af billedoptagelser. 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. The latest annual report (31 Dec 2025) shows equity of DKK 8,938 and a net result of DKK -11k. CEO: Troels Uhrbrand Rasmussen.

Bankruptcy risk for Substanz 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

Published annual reports1 · bankruptcy rate 18.7%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Age (years)< 1 yrs · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×

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×
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×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
46033841
Status
Active
Company type
Private limited company (ApS)
Founded
(0 years)
Address
c/o Troels Rasmussen, Gasværksvej 18A, 3.
1656 København V
Municipality
København
Industry
Programskabelse, udgivelse og distribution af billedoptagelser (602000)
Bankruptcies in the industry: Vognmandsvirksomhed
Share capital
DKK 20k
Auditor
Revisionsfirmaet Edelbo &amp; Lund-Larsen
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 1
Missing annual reportNo
Negative equityNo
Equity ratio70.4%
Current ratio338%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
RevenueDKK 0
Gross profitDKK -13k
Net profitDKK -11k
EquityDKK 8,938
Total assetsDKK 13k
Short-term debtDKK 3,750
Avg. employees0

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisionsfirmaet Edelbo &amp; Lund-Larsen.

Filed annual reports

Reporting periodPublishedDays after period end
11 Nov 2025 – 31 Dec 2025170

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
CEOTroels Uhrbrand RasmussenCurrent
Owner (100%)LYKKEDAL MEDIA ApSCurrent
FounderLYKKEDAL MEDIA ApSCurrent

The CEOs' other companies

Troels Uhrbrand Rasmussen – 5 other companies

Address history (0 moves)

c/o Troels Rasmussen, Gasværksvej 18A, 3., 1656 København V

Other companies at the same address

Similar companies in København

Questions and answers about Substanz ApS

Has Substanz ApS gone bankrupt?

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

What is the bankruptcy risk of Substanz 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 Substanz ApS?

Troels Uhrbrand Rasmussen is the CEO of Substanz ApS.

Who is the auditor of Substanz ApS?

Substanz ApS most recently used Revisionsfirmaet Edelbo &amp; Lund-Larsen.

When was Substanz ApS founded?

Substanz ApS was founded on 11 November 2025.

What is the equity of Substanz ApS?

Equity was DKK 8,938 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.