Blue Farm ApS

CVR 40640134 · Private limited company (ApS) · Active · Medium risk

Blue Farm ApS is a Private limited company (ApS), founded on , based in Spøttrup. The company is registered in the industry forarbejdning og konservering af fisk, krebsdyr og bløddyr, undtagen fiskemel. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 6 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -420k and a net result of DKK 9,076. CEO: Lars Erik Holtegaard.

Bankruptcy risk for Blue Farm 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

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Annual reports filed late3+ · 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
40640134
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Villaparken 41
7860 Spøttrup
Municipality
Skive
Industry
Forarbejdning og konservering af fisk, krebsdyr og bløddyr, undtagen fiskemel (102020)
Bankruptcies in the industry: Fremstilling af friske bageriprodukter
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-80.3%
Current ratio0%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies2
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 88kDKK 48k
Net profitDKK 9,076DKK -69k
EquityDKK -420kDKK -429k
Total assetsDKK 523kDKK 600k
CashDKK 0–
Short-term debtDKK 943k–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025185 Late
1 Jul 2023 – 30 Jun 2024206 Late
1 Jul 2022 – 30 Jun 2023199 Late
1 Jul 2021 – 30 Jun 2022183
1 Jul 2020 – 30 Jun 2021168
24 Jun 2019 – 30 Jun 2020170

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
CEOLars Erik HoltegaardCurrent
CEOLisbeth Mousten Vestergaard
Owner (100%)BALANUS HOLDING ApSCurrent
Owner (100%)Lisbeth Mousten Vestergaard
FounderLisbeth Mousten VestergaardCurrent

The CEOs' other companies

Lars Erik Holtegaard – 13 other companies, of which 5 bankrupt

Address history (0 moves)

Villaparken 41, 7860 Spøttrup

Questions and answers about Blue Farm ApS

Has Blue Farm ApS gone bankrupt?

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

What is the bankruptcy risk of Blue Farm 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 Blue Farm ApS?

Lars Erik Holtegaard is the CEO of Blue Farm ApS.

Who is the auditor of Blue Farm ApS?

Blue Farm ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Blue Farm ApS founded?

Blue Farm ApS was founded on 24 June 2019.

What is the equity of Blue Farm ApS?

Equity was DKK -420k according to the annual report for the period ending 30 June 2025.

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