CitySafes Denmark ApS

CVR 41702516 · Private limited company (ApS) · Active · Low risk

CitySafes Denmark ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry udlejning og leasing af andre varer til personlig brug og husholdningsbrug. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -3.0m and a net result of DKK -6.3m. CEO: Morten Olsen.

Bankruptcy risk for CitySafes Denmark ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×

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
41702516
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Købmagergade 31, 2.
1150 København K
Municipality
København
Industry
Udlejning og leasing af andre varer til personlig brug og husholdningsbrug (772200)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n.
Share capital
DKK 40k
Auditor
Forvis Mazars
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-11.1%
Current ratio57%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 553kDKK -1.7m
Net profitDKK -6.3mDKK -4.4m
EquityDKK -3.0mDKK 2.6m
Total assetsDKK 26.8mDKK 16.8m
CashDKK 6.2m–
Short-term debtDKK 21.4m–
Avg. employees9–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025131
1 Jan 2024 – 31 Dec 202473
1 Jan 2023 – 31 Dec 2023108
1 Jan 2022 – 31 Dec 2022107
11 Sep 2020 – 31 Dec 2021167

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 OlsenCurrent
CEOJacob Lourens Maria Zeeuw van der Laan
Owner (100%)CitySafes International B.V.Current
FounderCitySafes International B.V.Current

The CEOs' other companies

Morten Olsen – 1 other companies

Address history (2 moves)

Købmagergade 31, 2., 1150 København K
Pilestræde 60, 1., 1112 København K
Midtermolen 1, 2. tv, 2100 København Ø

Other companies at the same address

Similar companies in København

Questions and answers about CitySafes Denmark ApS

Has CitySafes Denmark ApS gone bankrupt?

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

What is the bankruptcy risk of CitySafes Denmark ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of CitySafes Denmark ApS?

Morten Olsen is the CEO of CitySafes Denmark ApS.

Who is the auditor of CitySafes Denmark ApS?

CitySafes Denmark ApS most recently used Forvis Mazars.

When was CitySafes Denmark ApS founded?

CitySafes Denmark ApS was founded on 11 September 2020.

What is the equity of CitySafes Denmark ApS?

Equity was DKK -3.0m 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.