Balboa Island Holding ApS

CVR 38774646 · Private limited company (ApS) · Active · Low risk

Balboa Island Holding ApS is a Private limited company (ApS), founded on , based in Viborg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 8 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 125k and a net result of DKK -70k. CEO: Morten Nüchel.

Bankruptcy risk for Balboa Island Holding ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
38774646
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Morten Nüchel, Sct. Ibs Gade 18B
8800 Viborg
Municipality
Viborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
Rådgivning &amp; Revision
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 8
Missing annual reportNo
Negative equityNo
Equity ratio39.6%
Current ratio133%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -11kDKK -27kDKK -38k
Net profitDKK -70kDKK -69kDKK 22k
EquityDKK 125kDKK 290kDKK 420k
Total assetsDKK 315kDKK 358kDKK 434k
CashDKK 4,942DKK 1,738–
Short-term debtDKK 190kDKK 68k–
Tax owed–DKK 0–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Rådgivning &amp; Revision.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025195 Late
1 Jan 2024 – 31 Dec 2024197 Late
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021217 Late
1 Jan 2020 – 31 Dec 2020194 Late
1 Jan 2019 – 31 Dec 2019258 Late
2 Jul 2017 – 31 Dec 2018169

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
CEOMorten NüchelCurrent
Owner (100%)Jørgen NüchelCurrent
FounderJørgen NüchelCurrent

The CEOs' other companies

Morten Nüchel – 4 other companies

Address history (1 moves)

c/o Morten Nüchel, Sct. Ibs Gade 18B, 8800 Viborg
c/o Jørgen Nüchel, Rughøjen 8, 8800 Viborg

Former names

Balboa Island Holding ApS – now
Balboa Island Holding IvS –

Other companies at the same address

Similar companies in Viborg

Questions and answers about Balboa Island Holding ApS

Has Balboa Island Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Balboa Island Holding ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Balboa Island Holding ApS?

Morten Nüchel is the CEO of Balboa Island Holding ApS.

Who is the auditor of Balboa Island Holding ApS?

Balboa Island Holding ApS most recently used Rådgivning &amp; Revision.

When was Balboa Island Holding ApS founded?

Balboa Island Holding ApS was founded on 2 July 2017.

What is the equity of Balboa Island Holding ApS?

Equity was DKK 125k 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.