CITS V SERVICE (DENMARK) A/S

CVR 32948723 · Public limited company (A/S) · Active · Medium risk

CITS V SERVICE (DENMARK) A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 16 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -5.7m and a net result of DKK 689k. CEO: Lan Yao.

Bankruptcy risk for CITS V SERVICE (DENMARK) A/S

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
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
32948723
Status
Active
Company type
Public limited company (A/S)
Founded
(16 years)
Address
Lyngbyvej 28, st. tv
2100 København Ø
Municipality
København
Industry
Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n. (749990)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 500k
Employees
11 (2018)
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late2 of 16
Missing annual reportNo
Negative equityYes
Equity ratio-179.0%
Current ratio146%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address135
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 1.4mDKK 3.3m
Net profitDKK 689kDKK -233k
EquityDKK -5.7mDKK -6.4m
Total assetsDKK 3.2mDKK 5.3m
CashDKK 1,000k–
Short-term debtDKK 2.0m–
Avg. employees3–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · KPMG P/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025184 Late
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 202083
1 Jan 2019 – 31 Dec 2019156
1 Jan 2018 – 31 Dec 2018143
1 Jan 2017 – 31 Dec 2017113
1 Jan 2016 – 31 Dec 2016131
1 Jan 2015 – 31 Dec 201577
1 Jan 2014 – 31 Dec 2014108
1 Jan 2013 – 31 Dec 201395
1 Jan 2012 – 31 Dec 201283
1 Jan 2011 – 31 Dec 2011109
8 Jun 2010 – 31 Dec 2010271 Late

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
CEOLan YaoCurrent
CEOLan Gu
BoardLan YaoCurrent
BoardXiaotong WANGCurrent
BoardBin SUNCurrent
BoardLi Guan
BoardNingning Yu
BoardWenbin Guo
BoardMingyuan Wu
BoardLi Guan
BoardWu Mingyuan
BoardHuagang Dong
BoardKeyao Fan
BoardZhang, Kexiong
BoardWei Xiao
BoardZhishi Fan
BoardLan Gu
BoardZhang, Kexiong
BoardYeping Xu
Owner (100%)China International Travel Service LimitedCurrent
AuditorKPMG P/SCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderPhilip Martin GraffCurrent

Address history (1 moves)

Lyngbyvej 28, st. tv, 2100 København Ø
Classensgade 34, st., 2100 København Ø

Former names

CITS V SERVICE (DENMARK) A/S – now
CITS V SERVICES (DENMARK) A/S –

Employees per year

Number of employees at CITS V SERVICE (DENMARK) A/S per year6112011: 820112012: 1120122013: 1120132014: 920142015: 920152016: 920162017: 820172018: 112018

Other companies at the same address

Similar companies in København

Questions and answers about CITS V SERVICE (DENMARK) A/S

Has CITS V SERVICE (DENMARK) A/S gone bankrupt?

No, CITS V SERVICE (DENMARK) A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of CITS V SERVICE (DENMARK) A/S?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of CITS V SERVICE (DENMARK) A/S?

Lan Yao is the CEO of CITS V SERVICE (DENMARK) A/S.

Who is the auditor of CITS V SERVICE (DENMARK) A/S?

CITS V SERVICE (DENMARK) A/S most recently used KPMG P/S.

When was CITS V SERVICE (DENMARK) A/S founded?

CITS V SERVICE (DENMARK) A/S was founded on 8 June 2010.

What is the equity of CITS V SERVICE (DENMARK) A/S?

Equity was DKK -5.7m 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.