Baltic Holdco 2 (Denmark) ApS

CVR 40642404 · Private limited company (ApS) · Active · Low risk

Baltic Holdco 2 (Denmark) ApS is a Private limited company (ApS), founded on , based in København Ø. The company is registered in the industry ikke-finansielle holdingselskaber. 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 160.5m and a net result of DKK 10.7m. CEO: Michael Rønnelund Brogaard, Mats Larsson Flodman.

Bankruptcy risk for Baltic Holdco 2 (Denmark) ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
40642404
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
c/o Fokus Nordic A/S, Østbanegade 123
2100 København Ø
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio93.5%
Current ratio6,647%
Moves (last 2 years)2
CEO changes in total20
CEO's previous bankruptcies0
Other companies at the address262
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -184kDKK -318kDKK -146k
Net profitDKK 10.7mDKK 957kDKK 64.8m
EquityDKK 160.5mDKK 149.7mDKK 148.8m
Total assetsDKK 171.6mDKK 196.1mDKK 195.0m
CashDKK 93kDKK 312k–
Short-term debtDKK 26kDKK 236k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025168
1 Jan 2024 – 31 Dec 2024119
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021159
1 Jan 2020 – 31 Dec 2020158
1 Jul 2019 – 31 Dec 2019261 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
CEOMichael Rønnelund BrogaardCurrent
CEOMats Larsson FlodmanCurrent
CEOPeter Andreas Stakemann
CEOSolveig Diana Hoffmann
CEOJean-Francois Bossy
CEORohit Sharan Jain
CEOElmar Marguerite Theodorus Schoonbrood
CEOAndrea Giagnoni
CEODonatella Fanti
CEOAndrea Corsi
CEOMariaan Kennedy
CEOTom Metcalf
CEOPer Ingvar Johannesson
Owner (100%)Baltic HoldCo (Denmark) ApSCurrent
Owner (100%)ApS KBUS 38 nr.3117
Owner (100%)Polaris Bidco S.à.r.l.
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
FounderApS KBUS 38 nr.3117Current

The CEOs' other companies

Michael Rønnelund Brogaard – 23 other companies

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Address history (6 moves)

c/o Fokus Nordic A/S, Østbanegade 123, 2100 København Ø
Østbanegade 123, 2100 København Ø
c/o DEAS A/S, Bellidavej 20, 2500 Valby
c/o DEAS A/S, Dirch Passers Allé 76, 2000 Frederiksberg
c/o Newsec - 30459, Lyngby Hovedgade 4, 2800 Kongens Lyngby
c/o Bech-Bruun Advokatpartnerselskab, Langelinie Allé 35, 2100 København Ø
Kronprinsessegade 18, 1306 København K

Former names

Baltic Holdco 2 (Denmark) ApS – now
Polaris Bidco Denmark ApS –
ApS KBUS 18 - 160 –

Other companies at the same address

Similar companies in København

Questions and answers about Baltic Holdco 2 (Denmark) ApS

Has Baltic Holdco 2 (Denmark) ApS gone bankrupt?

No, Baltic Holdco 2 (Denmark) ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Baltic Holdco 2 (Denmark) 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 Baltic Holdco 2 (Denmark) ApS?

Michael Rønnelund Brogaard, Mats Larsson Flodman are the CEOs of Baltic Holdco 2 (Denmark) ApS.

Who is the auditor of Baltic Holdco 2 (Denmark) ApS?

Baltic Holdco 2 (Denmark) ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Baltic Holdco 2 (Denmark) ApS founded?

Baltic Holdco 2 (Denmark) ApS was founded on 1 July 2019.

What is the equity of Baltic Holdco 2 (Denmark) ApS?

Equity was DKK 160.5m 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.