BALTIC AERO ApS

CVR 31421802 · Private limited company (ApS) · Active · Medium risk

BALTIC AERO ApS is a Private limited company (ApS), founded on , based in Rønne. The company is registered in the industry fremstilling af civile luft- og rumfartøjer o.lign.. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 18 annual reports have been published, of which 7 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -1.1m and a net result of DKK -198k. CEO: Bjørn Kristjansson.

Bankruptcy risk for BALTIC AERO ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Reporting classReporting class B · 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
31421802
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
Søndre Landevej 2
3700 Rønne
Municipality
Bornholms Regionskommune
Industry
Fremstilling af civile luft- og rumfartøjer o.lign. (303100)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer
Share capital
DKK 125k
Auditor
Bornholms Revision A/S
Audit opted out
Yes

Warning signs

Annual reports filed late7 of 18
Missing annual reportNo
Negative equityYes
Equity ratio-189.3%
Current ratio0%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -174kDKK -16kDKK -20k
Net profitDKK -198kDKK -631kDKK -232k
EquityDKK -1.1mDKK -882kDKK -382k
Total assetsDKK 571kDKK 822kDKK 911k
Short-term debtDKK 1.7mDKK 1.7m–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Bornholms Revision A/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025177
1 Jan 2024 – 31 Dec 2024215 Late
1 Jan 2023 – 31 Dec 2023200 Late
1 Jan 2022 – 31 Dec 2022194 Late
1 Jan 2021 – 31 Dec 2021188 Late
1 Jan 2020 – 31 Dec 2020202 Late
1 Jan 2019 – 31 Dec 2019184 Late
1 Jan 2018 – 31 Dec 2018164
1 Jan 2017 – 31 Dec 2017185 Late
1 Jan 2016 – 31 Dec 2016163
1 Jan 2015 – 31 Dec 2015148
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013167
1 Jan 2012 – 31 Dec 2012158
1 Jan 2011 – 31 Dec 2011149
1 Jan 2010 – 31 Dec 2010156
1 Jan 2009 – 31 Dec 2009172
25 Apr 2008 – 31 Dec 2008162

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
CEOBjørn KristjanssonCurrent
CEOBjorn Kristjansson
CEOGudni Agnar Kristinsson
CEOKnud Børge Johansen
Owner (100%)Frostfugl ehf.Current
AuditorRisegaard
AuditorBornholms Revision A/S
FounderBjorn KristjanssonCurrent

Address history (1 moves)

Søndre Landevej 2, 3700 Rønne
Søndre Landevej 2, 3700 Rønne

Other companies at the same address

Similar companies in Bornholms Regionskommune

Questions and answers about BALTIC AERO ApS

Has BALTIC AERO ApS gone bankrupt?

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

What is the bankruptcy risk of BALTIC AERO ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of BALTIC AERO ApS?

Bjørn Kristjansson is the CEO of BALTIC AERO ApS.

Who is the auditor of BALTIC AERO ApS?

BALTIC AERO ApS most recently used Bornholms Revision A/S.

When was BALTIC AERO ApS founded?

BALTIC AERO ApS was founded on 25 April 2008.

What is the equity of BALTIC AERO ApS?

Equity was DKK -1.1m 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.