MERMAID PROPERTIES ONE ApS

CVR 32939554 · Private limited company (ApS) · Active · Medium risk

MERMAID PROPERTIES ONE ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 times the average for Danish companies. 15 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 3.2m and a net result of DKK -17.4m. CEO: Vinod Bachulal Vaghela.

Bankruptcy risk for MERMAID PROPERTIES ONE ApS

1.8%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 81% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
32939554
Status
Active
Company type
Private limited company (ApS)
Founded
(16 years)
Address
c/o Advokaternes Ejendomsadministration A/S, Toldbodgade 36A
1253 København K
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 15
Missing annual reportNo
Negative equityNo
Equity ratio35.2%
Current ratio69%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address70
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -30kDKK -67k
Net profitDKK -17.4mDKK -7.1m
EquityDKK 3.2mDKK 98.8m
Total assetsDKK 9.0mDKK 99.6m
CashDKK 5,415–
Short-term debtDKK 5.8m–
Tax owedDKK 164k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Christensen Kjærulff, Statsautoriseret Revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025155
1 Jul 2023 – 30 Jun 2024115
1 Jul 2022 – 30 Jun 2023174
1 Jul 2021 – 30 Jun 2022144
1 Jul 2020 – 30 Jun 2021153
1 Jul 2019 – 30 Jun 2020261 Late
1 Jul 2018 – 30 Jun 2019151
1 Jul 2017 – 30 Jun 2018146
1 Jul 2016 – 30 Jun 2017145
1 Jul 2015 – 30 Jun 2016154
1 Jul 2014 – 30 Jun 2015152
1 Jul 2013 – 30 Jun 2014164
1 Jul 2012 – 30 Jun 2013155
1 Jul 2011 – 30 Jun 2012160
28 May 2010 – 30 Jun 2011154

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
CEOVinod Bachulal VaghelaCurrent
CEOKim Borch
CEOJustin Trent Wood
BoardKim Borch
BoardRohin Raja Shah
BoardJustin Trent Wood
BoardRichard A B Wood
BoardTimothy William Hinks
BoardAxel Tobias Vieth
BoardVinod Bachulal Vaghela
BoardAxel Tobias Vieth
BoardJustin Trent Wood
BoardTimothy Hinks
BoardVinod Bachulal Vaghela
Owner (100%)Jiffy Capital LimitedCurrent
AuditorCHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderAxel Tobias ViethCurrent

The CEOs' other companies

Kim Borch – 45 other companies, of which 17 bankrupt

Address history (6 moves)

c/o Advokaternes Ejendomsadministration A/S, Toldbodgade 36A, 1253 København K
c/o Nectar Asset Management, Ewaldsgade 7, 2200 København N
c/o Nectar Asset Management, Regnbuepladsen 5, 4., 1550 København V
c/o Aberdeen Asset Management Denmark A/S, Strandvejen 58, 2., 2900 Hellerup
c/o Saxo Properties, Philip Heymans Alle 15, 2900 Hellerup
c/o Danders & More, Lautrupsgade 7, 7., 2100 København Ø
c/o Borch Invest A/S, Ny Østergade 3, 1101 København K

Former names

MERMAID PROPERTIES ONE ApS – now
MERMAID PROPERTIES ApS –

Other companies at the same address

Similar companies in København

Questions and answers about MERMAID PROPERTIES ONE ApS

Has MERMAID PROPERTIES ONE ApS gone bankrupt?

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

What is the bankruptcy risk of MERMAID PROPERTIES ONE ApS?

Our model estimates a bankruptcy risk of 1.8% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of MERMAID PROPERTIES ONE ApS?

Vinod Bachulal Vaghela is the CEO of MERMAID PROPERTIES ONE ApS.

Who is the auditor of MERMAID PROPERTIES ONE ApS?

MERMAID PROPERTIES ONE ApS most recently used CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB.

When was MERMAID PROPERTIES ONE ApS founded?

MERMAID PROPERTIES ONE ApS was founded on 28 May 2010.

What is the equity of MERMAID PROPERTIES ONE ApS?

Equity was DKK 3.2m according to the annual report for the period ending 30 June 2025.

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