TH1 ApS

CVR 40600507 · Private limited company (ApS) · Active · Low risk

TH1 ApS is a Private limited company (ApS), founded on , based in Risskov. The company is registered in the industry køb og salg af egen fast ejendom. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 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 Dec 2025) shows equity of DKK 160k and a net result of DKK -46k. CEO: Tien Ba Cao.

Bankruptcy risk for TH1 ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%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×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
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×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×

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
40600507
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Tien Ba Cao, Lindevangsvej 3B
8240 Risskov
Municipality
Aarhus
Industry
Køb og salg af egen fast ejendom (681100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 40k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio1.7%
Current ratio1%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 282kDKK 271kDKK 267k
Net profitDKK -46kDKK -129kDKK -154k
EquityDKK 160kDKK 207kDKK 336k
Total assetsDKK 9.3mDKK 9.4mDKK 9.3m
CashDKK 25kDKK 70k–
Short-term debtDKK 5.4mDKK 292k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025134
1 Jan 2024 – 31 Dec 2024132
1 Jan 2023 – 31 Dec 2023145
1 Jan 2022 – 31 Dec 2022157
1 Jan 2021 – 31 Dec 2021175
1 Jan 2020 – 31 Dec 2020119
21 Jun 2019 – 31 Dec 2019186 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
CEOTien Ba CaoCurrent
Owner (100%)VT Cao Holding ApSCurrent
Owner (50%)Tien Ba Cao
Owner (10%)Thuy Nhat Hong Pham
Owner (10%)Vinh Ba Cao
Owner (10%)Tu Anh Cao
FounderVT Cao Holding ApSCurrent

The CEOs' other companies

Tien Ba Cao – 6 other companies

Address history (1 moves)

c/o Tien Ba Cao, Lindevangsvej 3B, 8240 Risskov
c/o Tien Ba Cao, Hørgårdsvej 20B, 8240 Risskov

Other companies at the same address

Similar companies in Aarhus

Questions and answers about TH1 ApS

Has TH1 ApS gone bankrupt?

No, TH1 ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TH1 ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of TH1 ApS?

Tien Ba Cao is the CEO of TH1 ApS.

Who is the auditor of TH1 ApS?

TH1 ApS most recently used Beierholm.

When was TH1 ApS founded?

TH1 ApS was founded on 21 June 2019.

What is the equity of TH1 ApS?

Equity was DKK 160k 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.