Bitcave Holding ApS

CVR 40331824 · Private limited company (ApS) · Active · Medium risk

Bitcave Holding ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 7 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 338k and a net result of DKK -207k. CEO: Morten Bitsch.

Bankruptcy risk for Bitcave Holding ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
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

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
40331824
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Morten Bitsch, Lunavej 4
8600 Silkeborg
Municipality
Silkeborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
Blicher Revision &amp; Rådgivning, StatsautoriseretRevisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio68.4%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -203k–
Net profitDKK -207k–
EquityDKK 338k–
Total assetsDKK 494k–
CashDKK 250–
Short-term debtDKK 156k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025182
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023170
1 Jan 2022 – 31 Dec 2022163
1 Jan 2021 – 31 Dec 2021115
1 Jan 2020 – 31 Dec 2020112
8 Mar 2019 – 31 Dec 201965

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 BitschCurrent
Owner (100%)Morten BitschCurrent
FounderMorten BitschCurrent

The CEOs' other companies

Morten Bitsch – 4 other companies, of which 1 bankrupt

Address history (0 moves)

c/o Morten Bitsch, Lunavej 4, 8600 Silkeborg

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about Bitcave Holding ApS

Has Bitcave Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Bitcave Holding ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of Bitcave Holding ApS?

Morten Bitsch is the CEO of Bitcave Holding ApS.

Who is the auditor of Bitcave Holding ApS?

Bitcave Holding ApS most recently used Blicher Revision &amp; Rådgivning, StatsautoriseretRevisionsaktieselskab.

When was Bitcave Holding ApS founded?

Bitcave Holding ApS was founded on 8 March 2019.

What is the equity of Bitcave Holding ApS?

Equity was DKK 338k 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.