Turtleneck Games ApS

CVR 35854770 · Private limited company (ApS) · Active · Low risk

Turtleneck Games ApS is a Private limited company (ApS), founded on , based in Virum. The company is registered in the industry finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 12 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 507 and a net result of DKK -48k. CEO: Martin Kai Sommer.

Bankruptcy risk for Turtleneck Games ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · 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×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
35854770
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Uglemosen 22
2830 Virum
Municipality
Lyngby-Taarbæk
Industry
Finansielle holdingselskaber (642110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Christensen Kjærulff, Statsautoriseret Revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 12
Missing annual reportNo
Negative equityNo
Equity ratio2.4%
Current ratio103%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 29kDKK -1,250DKK -1,250
Net profitDKK -48kDKK -43kDKK 71k
EquityDKK 507DKK 48kDKK 91k
Total assetsDKK 21kDKK 76kDKK 118k
CashDKK 2DKK 2–
Short-term debtDKK 20kDKK 28k–
Tax owedDKK 352––
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Christensen Kjærulff, Statsautoriseret Revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025147
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022194 Late
1 Jan 2021 – 31 Dec 2021182
1 Jan 2020 – 31 Dec 2020155
1 Jan 2019 – 31 Dec 2019244 Late
1 Jan 2018 – 31 Dec 2018172
1 Jan 2017 – 31 Dec 2017166
1 Jan 2016 – 31 Dec 2016159
1 Jan 2015 – 31 Dec 2015162
15 Apr 2014 – 31 Dec 2014182

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 Kai SommerCurrent
Owner (100%)Martin Kai SommerCurrent
FounderMartin Kai SommerCurrent

The CEOs' other companies

Martin Kai Sommer – 4 other companies

Address history (1 moves)

Uglemosen 22, 2830 Virum
A.D. Jørgensens Vej 22, 2., 2000 Frederiksberg

Former names

Turtleneck Games ApS – now
TURTLENECK GAMES IVS –

Other companies at the same address

Similar companies in Lyngby-Taarbæk

Questions and answers about Turtleneck Games ApS

Has Turtleneck Games ApS gone bankrupt?

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

What is the bankruptcy risk of Turtleneck Games ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Turtleneck Games ApS?

Martin Kai Sommer is the CEO of Turtleneck Games ApS.

Who is the auditor of Turtleneck Games ApS?

Turtleneck Games ApS most recently used Christensen Kjærulff, Statsautoriseret Revisionsaktieselskab.

When was Turtleneck Games ApS founded?

Turtleneck Games ApS was founded on 15 April 2014.

What is the equity of Turtleneck Games ApS?

Equity was DKK 507 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.