Sango Bay Development ApS

CVR 40124071 · Private limited company (ApS) · Active · High risk

Sango Bay Development ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry støtteaktiviteter i forbindelse med skovbrug. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 7 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -67k and a net result of DKK -17k.

Bankruptcy risk for Sango Bay Development ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×

Reduces the risk

Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · 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
40124071
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Troldumhøjvej 26
8700 Horsens
Municipality
Horsens
Industry
Støtteaktiviteter i forbindelse med skovbrug (024000)
Bankruptcies in the industry: Dyrkning af træer og andre skovbrugsaktiviteter
Share capital
DKK 75k
Auditor
Roesgaard
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-6,944.8%
Current ratio1%
Moves (last 2 years)2
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -11kDKK 0DKK -6,251
Net profitDKK -17kDKK 60DKK -6,191
EquityDKK -67kDKK -50kDKK -50k
Total assetsDKK 959DKK 16kDKK 16k
CashDKK 959DKK 16k–
Short-term debtDKK 68kDKK 65k–
Avg. employees0––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024168
1 Jan 2023 – 31 Dec 2023190 Late
1 Jan 2022 – 31 Dec 2022132
1 Jan 2021 – 31 Dec 2021158
1 Jan 2020 – 31 Dec 2020182
21 Dec 2018 – 31 Dec 2019259 Late

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
BoardFlemming SehestedCurrent
BoardSteffen ToftCurrent
BoardMaja Lundgaard LethCurrent
Owner (50%)ML Lundgaard Holding ApsCurrent
Owner (50%)TOFT HOLDINGS ApSCurrent
Owner (33%)Flemming Sehested
Owner (33%)Steffen Toft
Owner (33%)Maja Lundgaard Leth
Owner (33%)TOFT HOLDINGS ApS
Owner (33%)ML Lundgaard Holding Aps
Owner (33%)F Sehested Holding ApS
FounderTOFT HOLDINGS ApSCurrent
FounderML Lundgaard Holding ApsCurrent
FounderF Sehested Holding ApSCurrent

Address history (2 moves)

Troldumhøjvej 26, 8700 Horsens
Levysgade 12, 3., 8700 Horsens
Troldumhøjvej 26, 8700 Horsens

Other companies at the same address

Similar companies in Horsens

Questions and answers about Sango Bay Development ApS

Has Sango Bay Development ApS gone bankrupt?

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

What is the bankruptcy risk of Sango Bay Development ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the auditor of Sango Bay Development ApS?

Sango Bay Development ApS most recently used Roesgaard.

When was Sango Bay Development ApS founded?

Sango Bay Development ApS was founded on 21 December 2018.

What is the equity of Sango Bay Development ApS?

Equity was DKK -67k 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.