BitProgress Development ApS

CVR 35665811 · Private limited company (ApS) · Active · Low risk

BitProgress Development ApS is a Private limited company (ApS), founded on , based in Kolding. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 11 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 221k and a net result of DKK 39k. CEO: Martin Thorbjørn Jørgensen, Maria Louise Paaske.

Bankruptcy risk for BitProgress Development ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
35665811
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Møllegærdet 32
6000 Kolding
Municipality
Kolding
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Employees
2 (2018)
Auditor
DanRevision
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 11
Missing annual reportNo
Negative equityNo
Equity ratio46.3%
Current ratio194%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.0mDKK 1.0m
Net profitDKK 39kDKK 7,364
EquityDKK 221kDKK 183k
Total assetsDKK 478kDKK 427k
CashDKK 75k–
Short-term debtDKK 246k–
Avg. employees2–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025134
1 Jul 2023 – 30 Jun 2024128
1 Jul 2022 – 30 Jun 2023101
1 Jul 2021 – 30 Jun 202297
1 Jul 2020 – 30 Jun 2021104
1 Jul 2019 – 30 Jun 2020139
1 Jul 2018 – 30 Jun 2019153
1 Jul 2017 – 30 Jun 2018144
1 Jul 2016 – 30 Jun 2017139
1 Jul 2015 – 30 Jun 2016134
18 Feb 2014 – 30 Jun 2015146

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
CEOMartin Thorbjørn JørgensenCurrent
CEOMaria Louise PaaskeCurrent
Owner (100%)BitProgress Holding ApSCurrent
FounderMartin Thorbjørn JørgensenCurrent
FounderMaria Louise PaaskeCurrent
FounderBitProgress Holding ApSCurrent

The CEOs' other companies

Martin Thorbjørn Jørgensen – 3 other companies

Maria Louise Paaske – 2 other companies

Address history (2 moves)

Møllegærdet 32, 6000 Kolding
Dalbygade 40A, 2., 6000 Kolding
Møllegærdet 32, 6000 Kolding

Former names

BitProgress Development ApS – now
BITPROGRESS DEVELOPMENT IVS –

Employees per year

Number of employees at BitProgress Development ApS per year122014: 120142015: 220152016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in Kolding

Questions and answers about BitProgress Development ApS

Has BitProgress Development ApS gone bankrupt?

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

What is the bankruptcy risk of BitProgress Development ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of BitProgress Development ApS?

Martin Thorbjørn Jørgensen, Maria Louise Paaske are the CEOs of BitProgress Development ApS.

Who is the auditor of BitProgress Development ApS?

BitProgress Development ApS most recently used DanRevision.

When was BitProgress Development ApS founded?

BitProgress Development ApS was founded on 18 February 2014.

What is the equity of BitProgress Development ApS?

Equity was DKK 221k according to the annual report for the period ending 30 June 2025.

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