Business First ApS

CVR 38675303 · Private limited company (ApS) · Active · High risk

Business First ApS is a Private limited company (ApS), founded on , based in Hadsund. The company is registered in the industry anden udlejning af boliger. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 9 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 5.0m and a net result of DKK 6.2m.

Bankruptcy risk for Business First ApS

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Municipality changes3+ · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
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×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×

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
38675303
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Idrætsvej 11, 1. th
9560 Hadsund
Municipality
Mariagerfjord
Industry
Anden udlejning af boliger (682030)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 334k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityNo
Equity ratio34.7%
Current ratio–
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 1.9m––
Gross profitDKK 6.2mDKK 74kDKK 90k
Net profitDKK 6.2mDKK 8,570DKK -139k
EquityDKK 5.0mDKK 334kDKK 2.1m
Total assetsDKK 14.3mDKK 8.2mDKK 8.2m
CashDKK 0DKK 0–
Short-term debt–DKK 1.3m–
Avg. employees–0–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024195 Late
1 Jan 2023 – 31 Dec 2023179
1 Jan 2022 – 31 Dec 2022176
1 Jan 2021 – 31 Dec 2021160
1 Jan 2020 – 31 Dec 2020192 Late
1 Jan 2019 – 31 Dec 2019155
1 Jan 2018 – 31 Dec 2018136
29 May 2017 – 31 Dec 2017171

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
CEOChristian Löber
BoardChristian Löber
BoardAsh Foder
Owner (5%)Ash FoderCurrent
Owner (90%)Christian LöberCurrent
Owner (100%)Business First Holding Limited
FounderBusiness First Holding LimitedCurrent

The CEOs' other companies

Christian Löber – 2 other companies, of which 2 bankrupt

Address history (3 moves)

Idrætsvej 11, 1. th, 9560 Hadsund
c/o Christian Løber, Lucinaborg 2, 7000 Fredericia
c/o Christian Lober, Buddingevej 180, st. 2, 2860 Søborg
Grækenlandsvej 40D, st., 2300 København S

Former names

Business First ApS – now
Business First Holding ApS –
BF Udlejning Holding ApS –
BF Udlejning ApS –

Other companies at the same address

Similar companies in Mariagerfjord

Questions and answers about Business First ApS

Has Business First ApS gone bankrupt?

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

What is the bankruptcy risk of Business First ApS?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

When was Business First ApS founded?

Business First ApS was founded on 29 May 2017.

What is the equity of Business First ApS?

Equity was DKK 5.0m 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.