Keyhole ApS

CVR 40320377 · Private limited company (ApS) · Active · High risk

Keyhole ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry forsikringsagenters og forsikringsmægleres aktiviteter. Our model estimates a bankruptcy risk of 5.3% over the next 12 months, which is 3.8 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 -13.8m and a net result of DKK -7.4m. CEO: Rasmus Lykke Foss Fjord.

Bankruptcy risk for Keyhole ApS

5.3%
probability of bankruptcy within 12 months
High risk

3.8 × the average (1.41%) · higher risk than 92% of active Danish companies

Lowest riskHighest risk

Increases the risk

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 auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Capital changes3+ · 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×
Industry changes1 · 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
40320377
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Banegårdsgade 2
8700 Horsens
Municipality
Horsens
Industry
Forsikringsagenters og forsikringsmægleres aktiviteter (662200)
Bankruptcies in the industry: Formueforvaltning
Share capital
DKK 128k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-207.3%
Current ratio33%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address51
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -2.1mDKK -2.3m
Net profitDKK -7.4mDKK -5.9m
EquityDKK -13.8mDKK -6.4m
Total assetsDKK 6.7mDKK 1.6m
CashDKK 585k–
Short-term debtDKK 20.5m–
Avg. employees6–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025205 Late
1 Jan 2024 – 31 Dec 2024215 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022220 Late
1 Jan 2021 – 31 Dec 2021132
1 Jan 2020 – 31 Dec 202098
1 Mar 2019 – 31 Dec 201948

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
CEORasmus Lykke Foss FjordCurrent
CEOMads Bach Andersen
BoardJørgen Allan HorwitzCurrent
BoardTroels Randbøll StøvringCurrent
BoardLance Sheldon WarnerCurrent
BoardFrank NørgaardCurrent
BoardThomas Wiborg Steen
BoardMads Bach Andersen
BoardErik Klasson Ljungren
BoardThomas Wiborg Steen
BoardErik Klasson Ljungren
BoardMichael Salling
BoardJørgen Leschly Thorsted
BoardMichael Sæderup
BoardPer Andersen
BoardErik Klasson Ljungren
BoardJesper Ratza Hansen
Owner (100%)PayProff A/SCurrent
Owner (5%)Rasmus Lykke Foss Fjord
Owner (25%)Bixel Ventures ApS
Owner (25%)Connected Dots ApS
Owner (25%)Nordic Guarantee Försäkringsaktiebolag
Owner (5%)Rocketjump ApS
Owner (20%)Bixel Ventures ApS
Owner (20%)Connected Dots ApS
Owner (5%)Fintech Real Estate ApS
Owner (20%)Nordic Guarantee Försäkringsaktiebolag
Owner (20%)Connected Dots ApS
Owner (5%)DanBAN Co-investment Fond I K/S
Owner (5%)Keyhole Founders Holdco ApS
Owner (5%)Fintech Real Estate ApS
Owner (15%)Nordic Guarantee Försäkringsaktiebolag
Owner (20%)Keyhole ApS
Owner (5%)Rocketjump ApS
Owner (5%)DanBAN Co-investment Fond I K/S
Owner (10%)Fintech Real Estate ApS
Owner (25%)Nordic Guarantee Försäkringsaktiebolag
Owner (15%)Fintech Real Estate ApS
Owner (20%)Nordic Guarantee Försäkringsaktiebolag
Owner (25%)Nordic Guarantee Försäkringsaktiebolag
Owner (5%)Keyhole Founders Holdco ApS
Owner (20%)Nordic Guarantee Försäkringsaktiebolag
Owner (100%)CORRELATION HOLDINGS AUSTRALIA PTY LIMITED
FounderRasmus Lykke Foss FjordCurrent
FounderBixel Ventures ApSCurrent
FounderConnected Dots ApSCurrent

The CEOs' other companies

Rasmus Lykke Foss Fjord – 3 other companies

Mads Bach Andersen – 4 other companies

Address history (3 moves)

Banegårdsgade 2, 8700 Horsens
Amaliegade 6, 2. tv, 1256 København K
Rådhusgade 3, 8700 Horsens
Ragnagade 7, 2., 2100 København Ø

Other companies at the same address

Similar companies in Horsens

Questions and answers about Keyhole ApS

Has Keyhole ApS gone bankrupt?

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

What is the bankruptcy risk of Keyhole ApS?

Our model estimates a bankruptcy risk of 5.3% over the next 12 months (high risk), which is 3.8 times the average for Danish companies.

Who is the CEO of Keyhole ApS?

Rasmus Lykke Foss Fjord is the CEO of Keyhole ApS.

Who is the auditor of Keyhole ApS?

Keyhole ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Keyhole ApS founded?

Keyhole ApS was founded on 1 March 2019.

What is the equity of Keyhole ApS?

Equity was DKK -13.8m 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.