Salicath & Leth ApS

CVR 38831992 · Private limited company (ApS) · Active · Very high risk

Salicath & Leth ApS is a Private limited company (ApS), founded on , based in Charlottenlund. The company is registered in the industry grafisk design og visuel kommunikation. Our model estimates a bankruptcy risk of 7.2% over the next 12 months, which is 5.1 times the average for Danish companies. 8 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 14k and a net result of DKK 66k. CEO: Mads Salicath.

Bankruptcy risk for Salicath & Leth ApS

7.2%
probability of bankruptcy within 12 months
Very high risk

5.1 × the average (1.41%) · higher risk than 95% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
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×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×

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
38831992
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Mads Salicath, Enighedsvej 5B, st.
2920 Charlottenlund
Municipality
Gentofte
Industry
Grafisk design og visuel kommunikation (741200)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 50k
Employees
1 (2018)
Auditor
Baagøe | Schou, statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 8
Missing annual reportNo
Negative equityNo
Equity ratio5.4%
Current ratio106%
Moves (last 2 years)2
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 641kDKK 437k
Net profitDKK 66kDKK 6,760
EquityDKK 14kDKK -52k
Total assetsDKK 251kDKK 153k
CashDKK 122k–
Short-term debtDKK 237k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Baagøe | Schou, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025195 Late
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023115
1 Jan 2022 – 31 Dec 202265
1 Jan 2021 – 31 Dec 2021135
1 Jan 2020 – 31 Dec 2020123
1 Jan 2019 – 31 Dec 2019135
1 Aug 2017 – 31 Dec 201877

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
CEOMads SalicathCurrent
CEOKaren Leth
Owner (50%)Karen LethCurrent
Owner (50%)Mads SalicathCurrent
Owner (100%)Karen Leth
FounderKaren LethCurrent

The CEOs' other companies

Karen Leth – 1 other companies

Address history (3 moves)

c/o Mads Salicath, Enighedsvej 5B, st., 2920 Charlottenlund
Enighedsvej 5B, st., 2920 Charlottenlund
c/o Pavillonen Charlottenlund ApS, Bregnegårdsvej 2A, 2920 Charlottenlund
Enighedsvej 5B, st., 2920 Charlottenlund

Former names

Salicath & Leth ApS – now
Karen Leth Illustrations ApS –

Employees per year

Number of employees at Salicath & Leth ApS per year112017: 120172018: 12018

Other companies at the same address

Similar companies in Gentofte

Questions and answers about Salicath & Leth ApS

Has Salicath & Leth ApS gone bankrupt?

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

What is the bankruptcy risk of Salicath & Leth ApS?

Our model estimates a bankruptcy risk of 7.2% over the next 12 months (very high risk), which is 5.1 times the average for Danish companies.

Who is the CEO of Salicath & Leth ApS?

Mads Salicath is the CEO of Salicath & Leth ApS.

Who is the auditor of Salicath & Leth ApS?

Salicath & Leth ApS most recently used Baagøe | Schou, statsautoriseret revisionsaktieselskab.

When was Salicath & Leth ApS founded?

Salicath & Leth ApS was founded on 1 August 2017.

What is the equity of Salicath & Leth ApS?

Equity was DKK 14k 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.