Højgaarden Sportshorses ApS

CVR 37107352 · Private limited company (ApS) · Active · Low risk

Højgaarden Sportshorses ApS is a Private limited company (ApS), founded on , based in Grenaa. The company is registered in the industry avl af heste og dyr af hestefamilien. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 10 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 -2.3m and a net result of DKK -514k. CEO: Michelle Baltzer Hvid.

Bankruptcy risk for Højgaarden Sportshorses ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% 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×
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×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
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×
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×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
37107352
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Gjerrild Bygade 3
8500 Grenaa
Municipality
Norddjurs
Industry
Avl af heste og dyr af hestefamilien (014300)
Bankruptcies in the industry: Dyrkning af korn (undtagen ris), bælgfrugter og olieholdige frø
Share capital
DKK 50k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-92.5%
Current ratio18%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -256kDKK -461kDKK -146k
Net profitDKK -514kDKK -753kDKK -379k
EquityDKK -2.3mDKK -1.8mDKK -1.0m
Total assetsDKK 2.5mDKK 2.6mDKK 2.8m
CashDKK 13kDKK 2,608–
Short-term debtDKK 4.8mDKK 4.4m–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025150
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023184 Late
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021179
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019247 Late
1 Jan 2018 – 31 Dec 2018158
1 Jan 2017 – 31 Dec 2017157
24 Sep 2015 – 31 Dec 2016116

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
CEOMichelle Baltzer HvidCurrent
Owner (100%)Michelle Baltzer HvidCurrent
FounderMichelle Baltzer HvidCurrent

Address history (1 moves)

Gjerrild Bygade 3, 8500 Grenaa
Gjerrild Bygade 3, 8500 Grenaa

Similar companies in Norddjurs

Questions and answers about Højgaarden Sportshorses ApS

Has Højgaarden Sportshorses ApS gone bankrupt?

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

What is the bankruptcy risk of Højgaarden Sportshorses ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Højgaarden Sportshorses ApS?

Michelle Baltzer Hvid is the CEO of Højgaarden Sportshorses ApS.

Who is the auditor of Højgaarden Sportshorses ApS?

Højgaarden Sportshorses ApS most recently used Beierholm.

When was Højgaarden Sportshorses ApS founded?

Højgaarden Sportshorses ApS was founded on 24 September 2015.

What is the equity of Højgaarden Sportshorses ApS?

Equity was DKK -2.3m 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.