BitFarm ApS

CVR 38437372 · Private limited company (ApS) · Active · Low risk

BitFarm ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 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 353k and a net result of DKK 135k.

Bankruptcy risk for BitFarm ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
38437372
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Christian Sjøgreen, Nyhavn 31G, 1. th
1051 København K
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 50k
Auditor
Lægård Revision
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityNo
Equity ratio58.7%
Current ratio242%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address100
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 923kDKK 104kDKK 636k
Net profitDKK 135kDKK 81kDKK 492k
EquityDKK 353kDKK 568kDKK 548k
Total assetsDKK 601kDKK 719kDKK 589k
CashDKK 457kDKK 584k–
Short-term debtDKK 248kDKK 150k–
Avg. employees1––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025128
1 Jan 2024 – 31 Dec 2024118
1 Jan 2023 – 31 Dec 202336
1 Jan 2022 – 31 Dec 202267
1 Jan 2021 – 31 Dec 2021170
1 Jan 2020 – 31 Dec 2020167
1 Jan 2019 – 31 Dec 2019242 Late
1 Jan 2018 – 31 Dec 2018170
13 Feb 2017 – 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
Owner (100%)Christian Ejdal SjøgreenCurrent
FounderChristian Ejdal SjøgreenCurrent

Address history (2 moves)

c/o Christian Sjøgreen, Nyhavn 31G, 1. th, 1051 København K
c/o Christian Sjøgreen, Kongelysvej 28, st. 3, 2820 Gentofte
Marstalsgade 25, 1. tv, 2100 København Ø

Other companies at the same address

Similar companies in København

Questions and answers about BitFarm ApS

Has BitFarm ApS gone bankrupt?

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

What is the bankruptcy risk of BitFarm ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the auditor of BitFarm ApS?

BitFarm ApS most recently used Lægård Revision.

When was BitFarm ApS founded?

BitFarm ApS was founded on 13 February 2017.

What is the equity of BitFarm ApS?

Equity was DKK 353k 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.