BAY SHIPPING A/S

CVR 11822606 · Public limited company (A/S) · Active · Low risk

BAY SHIPPING A/S is a Public limited company (A/S), founded on , based in Aarhus C. The company is registered in the industry formidlingsaktiviteter inden for godstransport. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 4.2m and a net result of DKK 3.6m.

Bankruptcy risk for BAY SHIPPING A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×

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
11822606
Status
Active
Company type
Public limited company (A/S)
Founded
(38 years)
Address
Malaccavej 1
8000 Aarhus C
Municipality
Aarhus
Industry
Formidlingsaktiviteter inden for godstransport (523100)
Bankruptcies in the industry: Speditører
Share capital
DKK 500k
Employees
4 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 30
Missing annual reportNo
Negative equityNo
Equity ratio72.8%
Current ratio366%
Moves (last 2 years)0
CEO changes in total10
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 6.6mDKK 5.6m
Net profitDKK 3.6mDKK 3.4m
EquityDKK 4.2mDKK 3.9m
Total assetsDKK 5.8mDKK 10.6m
CashDKK 2.9m–
Short-term debtDKK 1.6m–
Tax owedDKK 1.0m–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025100
1 Jan 2024 – 31 Dec 2024114
1 Jan 2023 – 31 Dec 2023109
1 May 2021 – 30 Apr 2022180
1 May 2020 – 30 Apr 2021164
1 May 2019 – 30 Apr 2020166
1 May 2018 – 30 Apr 2019162
1 May 2017 – 30 Apr 2018161
1 May 2016 – 30 Apr 2017127
1 May 2015 – 30 Apr 2016151
1 May 2014 – 30 Apr 2015154
1 May 2013 – 30 Apr 2014132
1 May 2012 – 30 Apr 2013154
1 May 2011 – 30 Apr 2012147
1 May 2010 – 30 Apr 2011149
1 May 2009 – 30 Apr 2010167
1 May 2008 – 30 Apr 2009154
1 May 2007 – 30 Apr 2008161
1 May 2006 – 30 Apr 2007163
1 May 2005 – 30 Apr 2006137

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
CEOPer Emil Hasselbalch Stakemann
CEOVibeke Andersen
CEOPeter Edlund Andersen
CEONiels Krogh Sejersen
CEOKim Birger Smidt Nielsen
CEOMorten Løvenbalk Kirchheiner
CEOJesper Aaris Nielsen
BoardThomas Holst OlsenCurrent
BoardPeter Ronnie HulstrømCurrent
BoardMikkel SchmidtCurrent
BoardFrederik Christian Rye LytzenCurrent
BoardTorben Vestergaard Jørgensen
BoardPreben Klement Andersen
BoardVibeke Andersen
BoardPeter Edlund Andersen
BoardNiels Krogh Sejersen
BoardKim Birger Smidt Nielsen
BoardMorten Løvenbalk Kirchheiner
BoardChristian Duus
BoardAnnette Norre Rasmussen
BoardFlemming Sørensen
BoardJesper Aaris Nielsen
BoardBirgitte Sølvkær Olesen
BoardJens Friis Kristensen
BoardAndres Tue Møller
BoardHenrik Walther Hansen
Owner (100%)BALTIC SHIPPING COMPANY A/SCurrent
Owner (33%)JAAN HOLDING ApS
Owner (50%)M.L.K. HOLDING ApS
Owner (100%)M.L.K. HOLDING ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorErik Tronborg Andersen
AuditorPeder Frøjk Madsen
AuditorSvendsen & Dunker Administration I /S
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
FounderA/S PSE NR. 1680Current

The CEOs' other companies

Per Emil Hasselbalch Stakemann – 45 other companies, of which 45 bankrupt

Peter Edlund Andersen – 2 other companies

Niels Krogh Sejersen – 2 other companies

Kim Birger Smidt Nielsen – 1 other companies

Morten Løvenbalk Kirchheiner – 4 other companies, of which 1 bankrupt

Jesper Aaris Nielsen – 5 other companies

Address history (3 moves)

Malaccavej 1, 8000 Aarhus C
Oceanvej 8A, 1., 8000 Aarhus C
Vandvejen 2, 8000 Aarhus C
Mindet 4, 8000 Aarhus C

Former names

BAY SHIPPING A/S – now
ApS SPKR 4 NR 1496 –

Employees per year

Number of employees at BAY SHIPPING A/S per year242011: 320112012: 420122013: 320132014: 420142015: 420152016: 420162017: 420172018: 42018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about BAY SHIPPING A/S

Has BAY SHIPPING A/S gone bankrupt?

No, BAY SHIPPING A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of BAY SHIPPING A/S?

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

Who is the auditor of BAY SHIPPING A/S?

BAY SHIPPING A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was BAY SHIPPING A/S founded?

BAY SHIPPING A/S was founded on 21 December 1987.

What is the equity of BAY SHIPPING A/S?

Equity was DKK 4.2m 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.