PI BOAT ApS

CVR 34455228 · Private limited company (ApS) · Active · Low risk

PI BOAT ApS is a Private limited company (ApS), founded on , based in Skjern. The company is registered in the industry bygning af både til fritid og sport. Our model estimates a bankruptcy risk of 1.1% over the next 12 months, which is 0.8 times the average for Danish companies. 14 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK -602k and a net result of DKK 17k. CEO: Michael Bjørstrup Østergård.

Bankruptcy risk for PI BOAT ApS

1.1%
probability of bankruptcy within 12 months
Low risk

0.8 × the average (1.41%) · higher risk than 74% 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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Website registeredYes · bankruptcy rate 12.0%1.4×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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 reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
34455228
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
c/o Michael B. Østergaard, Arnborgvej 37
6900 Skjern
Municipality
Ringkøbing-Skjern
Industry
Bygning af både til fritid og sport (301200)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer
Share capital
DKK 80k
Employees
0 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 14
Missing annual reportNo
Negative equityYes
Equity ratio-247.0%
Current ratio29%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -6,904DKK -10k
Net profitDKK 17kDKK 130k
EquityDKK -602kDKK -620k
Total assetsDKK 244kDKK 204k
CashDKK 13k–
Short-term debtDKK 846k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025115
1 Oct 2023 – 30 Sep 2024111
1 Oct 2022 – 30 Sep 202350
1 Oct 2021 – 30 Sep 202240
1 Oct 2020 – 30 Sep 202171
1 Oct 2019 – 30 Sep 202099
1 Oct 2018 – 30 Sep 2019123
1 Oct 2017 – 30 Sep 2018141
1 Oct 2016 – 30 Sep 2017123
1 Oct 2015 – 30 Sep 2016157
1 Oct 2014 – 30 Sep 2015153
1 Oct 2013 – 30 Sep 2014143
1 Oct 2012 – 30 Sep 2013162
1 Mar 2012 – 30 Sep 2012169

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 Bjørstrup ØstergårdCurrent
Owner (100%)MICHAEL B. LARSEN ApSCurrent
AuditorSELSKABET AF 16.08.2021 A/S
FounderMICHAEL B. LARSEN ApSCurrent

The CEOs' other companies

Michael Bjørstrup Østergård – 4 other companies

Address history (5 moves)

c/o Michael B. Østergaard, Arnborgvej 37, 6900 Skjern
c/o Michael B. Østergaard, Arnborgvej 37, 6900 Skjern
c/o Michael B. Larsen, Nørrestrandsgade 9, 1., 8700 Horsens
c/o Michael B. Larsen, Ingemannsvej 20A, 2. th, 1964 Frederiksberg C
c/o Michael B. Larsen, Rosengården 10, 4., 1174 København K
Gammel Køge Landevej 6, 2500 Valby

Employees per year

Number of employees at PI BOAT ApS per year122013: 220132014: 120142015: 120152016: 120162017: 120172018: 02018

Other companies at the same address

Similar companies in Ringkøbing-Skjern

Questions and answers about PI BOAT ApS

Has PI BOAT ApS gone bankrupt?

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

What is the bankruptcy risk of PI BOAT ApS?

Our model estimates a bankruptcy risk of 1.1% over the next 12 months (low risk), which is 0.8 times the average for Danish companies.

Who is the CEO of PI BOAT ApS?

Michael Bjørstrup Østergård is the CEO of PI BOAT ApS.

Who is the auditor of PI BOAT ApS?

PI BOAT ApS most recently used Beierholm.

When was PI BOAT ApS founded?

PI BOAT ApS was founded on 1 March 2012.

What is the equity of PI BOAT ApS?

Equity was DKK -602k according to the annual report for the period ending 30 September 2025.

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