Baltic Propco 1 (Denmark) ApS

CVR 33251203 · Private limited company (ApS) · Active · Low risk

Baltic Propco 1 (Denmark) ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry udlejning af erhvervsejendomme. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 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 (31 Dec 2025) shows equity of DKK 95.7m and a net result of DKK 10.2m. CEO: Michael Rønnelund Brogaard, Mats Larsson Flodman.

Bankruptcy risk for Baltic Propco 1 (Denmark) ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years3+ · bankruptcy rate 41.0%4.7×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
33251203
Status
Active
Company type
Private limited company (ApS)
Founded
(16 years)
Address
c/o Fokus Nordic A/S, Østbanegade 123
2100 København Ø
Municipality
København
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 18.1m
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 15
Missing annual reportNo
Negative equityNo
Equity ratio30.6%
Current ratio614%
Moves (last 2 years)3
CEO changes in total33
CEO's previous bankruptcies0
Other companies at the address262
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 12.3mDKK 14.0mDKK 14.9m
Net profitDKK 10.2mDKK 5.5mDKK 45.0m
EquityDKK 95.7mDKK 84.0mDKK 90.4m
Total assetsDKK 312.2mDKK 284.1mDKK 278.2m
CashDKK 19.7mDKK 5.8m–
Short-term debtDKK 5.7mDKK 1.5m–
Tax owedDKK 1.2mDKK 98k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025169
1 Jan 2024 – 31 Dec 2024119
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021159
1 Jan 2020 – 31 Dec 2020158
1 Jan 2019 – 31 Dec 2019261 Late
1 Jan 2018 – 31 Dec 201891
1 Jan 2017 – 31 Dec 2017165
1 Jan 2016 – 31 Dec 201696
1 Jan 2015 – 31 Dec 2015151
1 Jan 2014 – 31 Dec 2014140
1 Jan 2013 – 31 Dec 2013147
1 Jan 2012 – 31 Dec 2012144
15 Oct 2010 – 31 Dec 2011123

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
CEOMichael Rønnelund BrogaardCurrent
CEOMats Larsson FlodmanCurrent
CEOMikkel Bülow-Lehnsby
CEOJohan Kristian Tuft
CEOSteen Sønderby
CEORasmus Nørgaard
CEORune Højby Kock
CEOPeter Andrew Franks
CEOBo Holse Rasmussen
CEOSolveig Diana Hoffmann
CEORohit Sharan Jain
CEOJean-Francois Pascal E. Bossy
CEOElmar Marguerite Theodorus Schoonbrood
CEOAndrea Giagnoni
CEODonatella Fanti
CEOAndrea Corsi
CEOMariaan Kennedy
CEOTom Metcalf
CEOPer Ingvar Johannesson
Owner (100%)Baltic Holdco 2 (Denmark) ApSCurrent
Owner (100%)Distreal Danmark AB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderDistReal Denmark ABCurrent

The CEOs' other companies

Michael Rønnelund Brogaard – 23 other companies

Mikkel Bülow-Lehnsby – 56 other companies

Johan Kristian Tuft – 58 other companies, of which 30 bankrupt

Steen Sønderby – 58 other companies, of which 2 bankrupt

Rasmus Nørgaard – 56 other companies

Rune Højby Kock – 58 other companies

Bo Holse Rasmussen – 60 other companies

Address history (7 moves)

c/o Fokus Nordic A/S, Østbanegade 123, 2100 København Ø
Østbanegade 123, 2100 København Ø
c/o DEAS A/S, Bellidavej 20, 2500 Valby
c/o DEAS A/S, Dirch Passers Allé 76, 2000 Frederiksberg
c/o Newsec Property Asset Management Denmark, Lyngby Hovedgade 4, 2800 Kongens Lyngby
c/o NREP A/S, Southamptongade 4, 2150 Nordhavn
c/o Nordic Real Estate Partners ApS, Skodsborgvej 48A, 2830 Virum
c/o NORDIC REAL ESATE PARTNERS ApS, Springforbivej 4, 2930 Klampenborg

Former names

Baltic Propco 1 (Denmark) ApS – now
Polaris Propco Denmark 1 ApS –
DISTREAL 1 GREVE ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Baltic Propco 1 (Denmark) ApS

Has Baltic Propco 1 (Denmark) ApS gone bankrupt?

No, Baltic Propco 1 (Denmark) ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Baltic Propco 1 (Denmark) ApS?

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 CEO of Baltic Propco 1 (Denmark) ApS?

Michael Rønnelund Brogaard, Mats Larsson Flodman are the CEOs of Baltic Propco 1 (Denmark) ApS.

Who is the auditor of Baltic Propco 1 (Denmark) ApS?

Baltic Propco 1 (Denmark) ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Baltic Propco 1 (Denmark) ApS founded?

Baltic Propco 1 (Denmark) ApS was founded on 15 October 2010.

What is the equity of Baltic Propco 1 (Denmark) ApS?

Equity was DKK 95.7m 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.