MADBULL RACING ApS

CVR 33591322 · Private limited company (ApS) · Active · Medium risk

MADBULL RACING ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry sportsaktiviteter i.a.n.. 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 9 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 42k and a net result of DKK -21k. CEO: Kim Lund Johansen.

Bankruptcy risk for MADBULL RACING 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

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
33591322
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Hjaltesvej 16
8600 Silkeborg
Municipality
Silkeborg
Industry
Sportsaktiviteter i.a.n. (931900)
Bankruptcies in the industry: Fitnesscentre
Share capital
DKK 80k
Audit opted out
Yes

Warning signs

Annual reports filed late9 of 15
Missing annual reportNo
Negative equityNo
Equity ratio34.6%
Current ratio55%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 24kDKK 80k
Net profitDKK -21kDKK 35k
EquityDKK 42kDKK 63k
Total assetsDKK 122kDKK 139k
CashDKK 44k–
Short-term debtDKK 80k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025193 Late
1 Jan 2024 – 31 Dec 2024198 Late
1 Jan 2023 – 31 Dec 2023213 Late
1 Jan 2022 – 31 Dec 2022199 Late
1 Jan 2021 – 31 Dec 2021222 Late
1 Jan 2020 – 31 Dec 2020217 Late
1 Jan 2019 – 31 Dec 2019263 Late
1 Jan 2018 – 31 Dec 2018193 Late
1 Jan 2017 – 31 Dec 2017171
1 Jan 2016 – 31 Dec 2016175
1 Jan 2015 – 31 Dec 2015173
1 Jan 2014 – 31 Dec 2014170
1 Jan 2013 – 31 Dec 2013171
1 Jan 2012 – 31 Dec 2012176
5 Apr 2011 – 31 Dec 2011194 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
CEOKim Lund JohansenCurrent
CEOEdmund Christian Andersen
Owner (100%)Kim Lund JohansenCurrent
Owner (100%)Edmund Christian Andersen
FounderEdmund Christian AndersenCurrent

The CEOs' other companies

Kim Lund Johansen – 4 other companies, of which 1 bankrupt

Address history (2 moves)

Hjaltesvej 16, 8600 Silkeborg
Hjortgårdsvej 11, 8600 Silkeborg
Vognstrupvej 7, 7550 Sørvad

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about MADBULL RACING ApS

Has MADBULL RACING ApS gone bankrupt?

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

What is the bankruptcy risk of MADBULL RACING 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 MADBULL RACING ApS?

Kim Lund Johansen is the CEO of MADBULL RACING ApS.

When was MADBULL RACING ApS founded?

MADBULL RACING ApS was founded on 5 April 2011.

What is the equity of MADBULL RACING ApS?

Equity was DKK 42k 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.