Sailing Games ApS

CVR 39508176 · Private limited company (ApS) · Active · Low risk

Sailing Games ApS is a Private limited company (ApS), founded on , based in Sydals. The company is registered in the industry udgivelse af videospil. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 8 annual reports have been published, of which 7 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -696k and a net result of DKK -123k. CEO: Thomas Bjørn-Lüthi.

Bankruptcy risk for Sailing Games ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 59% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Capital changes1 · bankruptcy rate 7.0%0.80×

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
39508176
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Thomas Bjørn-Lüthi, Skovhøj 41
6470 Sydals
Municipality
Sønderborg
Industry
Udgivelse af videospil (582100)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late7 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-64.6%
Current ratio128%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 61kDKK 95kDKK -189k
Net profitDKK -123kDKK -130kDKK -251k
EquityDKK -696kDKK -573kDKK -443k
Total assetsDKK 1.1mDKK 1.1mDKK 855k
CashDKK 15kDKK 116k–
Short-term debtDKK 18kDKK 57k–
Avg. employees–1–

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 2025252 Late
1 Jan 2024 – 31 Dec 2024201 Late
1 Jan 2023 – 31 Dec 2023215 Late
1 Jan 2022 – 31 Dec 2022215 Late
1 Jan 2021 – 31 Dec 2021199 Late
1 Jan 2020 – 31 Dec 2020197 Late
1 Jan 2019 – 31 Dec 2019255 Late
23 Apr 2018 – 31 Dec 2018173

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
CEOThomas Bjørn-LüthiCurrent
CEOThomas Bjørn-Lüthi
Owner (90%)Thomas Bjørn-LüthiCurrent
Owner (100%)5th element ApsCurrent
FounderThomas Bjørn-LüthiCurrent

The CEOs' other companies

Thomas Bjørn-Lüthi – 3 other companies

Address history (0 moves)

c/o Thomas Bjørn-Lüthi, Skovhøj 41, 6470 Sydals

Former names

Sailing Games ApS – now
Sailing Tours ApS –
Sailing Tours IVS –
T.B.L. IVS –

Other companies at the same address

Similar companies in Sønderborg

Questions and answers about Sailing Games ApS

Has Sailing Games ApS gone bankrupt?

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

What is the bankruptcy risk of Sailing Games ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Sailing Games ApS?

Thomas Bjørn-Lüthi is the CEO of Sailing Games ApS.

When was Sailing Games ApS founded?

Sailing Games ApS was founded on 23 April 2018.

What is the equity of Sailing Games ApS?

Equity was DKK -696k 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.