Bad Horses Holding ApS

CVR 40370706 · Private limited company (ApS) · Active · Medium risk

Bad Horses Holding ApS is a Private limited company (ApS), founded on , based in Hjørring. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 7 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Aug 2025) shows equity of DKK 16k and a net result of DKK -32k. CEO: Heine Sten.

Bankruptcy risk for Bad Horses Holding ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% 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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
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

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
40370706
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Faldet 13
9800 Hjørring
Municipality
Hjørring
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
Helledie Revision godkendt revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio30.7%
Current ratio144%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -6,188DKK -6,500DKK 301
Net profitDKK -32kDKK -10kDKK -126k
EquityDKK 16kDKK 48kDKK 58k
Total assetsDKK 51kDKK 78kDKK 74k
CashDKK 1,086DKK 0–
Short-term debtDKK 35kDKK 30k–
Tax owedDKK 0DKK 44–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Helledie Revision godkendt revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025185 Late
1 Sep 2023 – 31 Aug 202452
1 Sep 2022 – 31 Aug 2023130
1 Sep 2021 – 31 Aug 202277
1 Sep 2020 – 31 Aug 202149
1 Sep 2019 – 31 Aug 2020153
6 Nov 2018 – 31 Aug 201969

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
CEOHeine StenCurrent
Owner (100%)Heine StenCurrent

The CEOs' other companies

Heine Sten – 3 other companies, of which 1 bankrupt

Address history (0 moves)

Faldet 13, 9800 Hjørring

Similar companies in Hjørring

Questions and answers about Bad Horses Holding ApS

Has Bad Horses Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Bad Horses Holding ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of Bad Horses Holding ApS?

Heine Sten is the CEO of Bad Horses Holding ApS.

Who is the auditor of Bad Horses Holding ApS?

Bad Horses Holding ApS most recently used Helledie Revision godkendt revisionsanpartsselskab.

When was Bad Horses Holding ApS founded?

Bad Horses Holding ApS was founded on 31 January 2019.

What is the equity of Bad Horses Holding ApS?

Equity was DKK 16k according to the annual report for the period ending 31 August 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.