INNOVATIONCITY ApS

CVR 30615654 · Private limited company (ApS) · Active · Very high risk

INNOVATIONCITY ApS is a Private limited company (ApS), founded on , based in Holstebro. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. Our model estimates a bankruptcy risk of 10.9% over the next 12 months, which is 7.7 times the average for Danish companies. 18 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Oct 2025) shows equity of DKK -713k and a net result of DKK 129k. CEO: Thomas Christensen.

Bankruptcy risk for INNOVATIONCITY ApS

10.9%
probability of bankruptcy within 12 months
Very high risk

7.7 × the average (1.41%) · higher risk than 97% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Capital changes2 · 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
30615654
Status
Active
Company type
Private limited company (ApS)
Founded
(19 years)
Address
Hjaltesvej 16, 1.
7500 Holstebro
Municipality
Holstebro
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 626k
Employees
3 (2018)
Auditor
Partner Revision, statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 18
Missing annual reportNo
Negative equityYes
Equity ratio-5,824.8%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 458kDKK 143kDKK 543k
Net profitDKK 129kDKK 80kDKK -1.2m
EquityDKK -713kDKK -843kDKK -922k
Total assetsDKK 12kDKK 31kDKK 299k
CashDKK 246DKK 6,040–
Short-term debtDKK 660kDKK 774k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Partner Revision, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Nov 2024 – 31 Oct 2025210 Late
1 Nov 2023 – 31 Oct 2024214 Late
1 Nov 2022 – 31 Oct 2023211 Late
1 Nov 2021 – 31 Oct 2022193 Late
1 Nov 2020 – 31 Oct 2021177
1 Nov 2019 – 31 Oct 2020164
1 Nov 2018 – 31 Oct 2019243 Late
1 Nov 2017 – 31 Oct 2018176
1 Nov 2016 – 31 Oct 2017146
1 Nov 2015 – 31 Oct 2016149
1 Nov 2014 – 31 Oct 2015156
1 Nov 2013 – 31 Oct 2014159
1 Nov 2012 – 31 Oct 2013160
1 Nov 2011 – 31 Oct 2012174
1 Nov 2010 – 31 Oct 2011155
1 Nov 2009 – 31 Oct 2010158
1 Nov 2008 – 31 Oct 2009145
18 Jun 2007 – 31 Oct 2008152

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 ChristensenCurrent
BoardHelle Nielsen
BoardThomas Christensen
BoardConnie Hesseldal Christensen
BoardMichael Kjær Salmansen
Owner (100%)CCTC HOLDING ApSCurrent
Owner (67%)CCTC HOLDING ApS
Owner (25%)WV HOLDING ApS
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPartner Revision statsautoriseret revisionsaktieselskab
FounderCCTC HOLDING ApSCurrent

The CEOs' other companies

Thomas Christensen – 50 other companies, of which 2 bankrupt

Address history (3 moves)

Hjaltesvej 16, 1., 7500 Holstebro
Bisgårdgade 11, 2., 7500 Holstebro
Grønsgade 2, 7500 Holstebro
c/o Thomas Christensen, Hornshøjparken 209, 7500 Holstebro

Former names

INNOVATIONCITY ApS – now
INNOVATIONCITY A/S –

Employees per year

Number of employees at INNOVATIONCITY ApS per year472011: 720112012: 620122013: 420132014: 520142015: 520152016: 320162017: 320172018: 32018

Other companies at the same address

Similar companies in Holstebro

Questions and answers about INNOVATIONCITY ApS

Has INNOVATIONCITY ApS gone bankrupt?

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

What is the bankruptcy risk of INNOVATIONCITY ApS?

Our model estimates a bankruptcy risk of 10.9% over the next 12 months (very high risk), which is 7.7 times the average for Danish companies.

Who is the CEO of INNOVATIONCITY ApS?

Thomas Christensen is the CEO of INNOVATIONCITY ApS.

Who is the auditor of INNOVATIONCITY ApS?

INNOVATIONCITY ApS most recently used Partner Revision, statsautoriseret revisionsaktieselskab.

When was INNOVATIONCITY ApS founded?

INNOVATIONCITY ApS was founded on 18 June 2007.

What is the equity of INNOVATIONCITY ApS?

Equity was DKK -713k according to the annual report for the period ending 31 October 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.