KRÆS CITY SYD ApS

CVR 34218765 · Private limited company (ApS) · Active · Very high risk

KRÆS CITY SYD ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry detailhandel med tøj. Our model estimates a bankruptcy risk of 7.2% over the next 12 months, which is 5.1 times the average for Danish companies. 14 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 -1.2m and a net result of DKK -14k. CEO: Morten Lund Sigen.

Bankruptcy risk for KRÆS CITY SYD ApS

7.2%
probability of bankruptcy within 12 months
Very high risk

5.1 × the average (1.41%) · higher risk than 95% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · 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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
34218765
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
Nørregade 8, st.
9000 Aalborg
Municipality
Aalborg
Industry
Detailhandel med tøj (477110)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 80k
Employees
5 (2018)
Auditor
RN - Revision Nordjylland ApS
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 14
Missing annual reportNo
Negative equityYes
Equity ratio-118.2%
Current ratio45%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 955kDKK 607kDKK 779k
Net profitDKK -14kDKK -260kDKK -102k
EquityDKK -1.2mDKK -1.2mDKK -891k
Total assetsDKK 986kDKK 1.1mDKK 1.2m
CashDKK 2,678DKK 6,241–
Short-term debtDKK 1.9mDKK 1.9m–
Avg. employees33–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · RN - Revision Nordjylland ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021177
1 Jan 2020 – 31 Dec 2020140
1 Jan 2019 – 31 Dec 2019235 Late
1 Jan 2018 – 31 Dec 2018156
1 Jan 2017 – 31 Dec 2017149
1 Jan 2016 – 31 Dec 201679
1 Jan 2015 – 31 Dec 2015111
1 Jan 2014 – 31 Dec 2014152
1 Jan 2013 – 31 Dec 2013162
27 Jan 2012 – 31 Dec 2012174

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
CEOMorten Lund SigenCurrent
Owner (100%)WILDA ApSCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderWILDA ApSCurrent

The CEOs' other companies

Morten Lund Sigen – 5 other companies, of which 2 bankrupt

Address history (3 moves)

Nørregade 8, st., 9000 Aalborg
c/o Aalborg Storcenter, Hobrovej 452, 9200 Aalborg SV
c/o Morten Sigen Holding ApS, Hobrovej 90, 9000 Aalborg
c/o Morten Sigen Holding ApS, Nørregade 8, 9000 Aalborg

Employees per year

Number of employees at KRÆS CITY SYD ApS per year592012: 720122013: 820132014: 720142015: 720152016: 720162017: 920172018: 52018

Other companies at the same address

Similar companies in Aalborg

Questions and answers about KRÆS CITY SYD ApS

Has KRÆS CITY SYD ApS gone bankrupt?

No, KRÆS CITY SYD ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of KRÆS CITY SYD ApS?

Our model estimates a bankruptcy risk of 7.2% over the next 12 months (very high risk), which is 5.1 times the average for Danish companies.

Who is the CEO of KRÆS CITY SYD ApS?

Morten Lund Sigen is the CEO of KRÆS CITY SYD ApS.

Who is the auditor of KRÆS CITY SYD ApS?

KRÆS CITY SYD ApS most recently used RN - Revision Nordjylland ApS.

When was KRÆS CITY SYD ApS founded?

KRÆS CITY SYD ApS was founded on 27 January 2012.

What is the equity of KRÆS CITY SYD ApS?

Equity was DKK -1.2m 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.