Karoline Bay Holding ApS

CVR 37977977 · Private limited company (ApS) · Active · Medium risk

Karoline Bay Holding ApS is a Private limited company (ApS), founded on , based in Skive. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 9 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 -514k and a net result of DKK -53k. CEO: Karoline Bay Kristensen.

Bankruptcy risk for Karoline Bay Holding ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% 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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
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 registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
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
37977977
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Torvegade 18B, st.
7800 Skive
Municipality
Skive
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
DANSK REVISION SKIVE REGISTRERET REVISIONSANPARTSSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-914.0%
Current ratio10%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -2,601–
Net profitDKK -53k–
EquityDKK -514k–
Total assetsDKK 56k–
CashDKK 56k–
Short-term debtDKK 570k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Dahl, Rask &amp; Partnere StatsautoriseretRevisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024184 Late
1 Jan 2023 – 31 Dec 2023129
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021164
1 Jan 2020 – 31 Dec 2020123
1 Jan 2019 – 31 Dec 2019135
1 Jan 2018 – 31 Dec 2018144
1 Sep 2016 – 31 Dec 2017149

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
CEOKaroline Bay KristensenCurrent
CEOHans Ulrik Kristensen
Owner (100%)Karoline Bay KristensenCurrent
AuditorDANSK REVISION SKIVE REGISTRERET REVISIONSANPARTSSELSKABCurrent
FounderAnni Bay KristensenCurrent

The CEOs' other companies

Hans Ulrik Kristensen – 11 other companies, of which 5 bankrupt

Address history (1 moves)

Torvegade 18B, st., 7800 Skive
Vindevej 66, 7800 Skive

Other companies at the same address

Similar companies in Skive

Questions and answers about Karoline Bay Holding ApS

Has Karoline Bay Holding ApS gone bankrupt?

No, Karoline Bay Holding ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Karoline Bay Holding ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Karoline Bay Holding ApS?

Karoline Bay Kristensen is the CEO of Karoline Bay Holding ApS.

Who is the auditor of Karoline Bay Holding ApS?

Karoline Bay Holding ApS most recently used DANSK REVISION SKIVE REGISTRERET REVISIONSANPARTSSELSKAB.

When was Karoline Bay Holding ApS founded?

Karoline Bay Holding ApS was founded on 1 September 2016.

What is the equity of Karoline Bay Holding ApS?

Equity was DKK -514k 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.