Move Up Mägic ApS

CVR 41896191 · Private limited company (ApS) · Active · Low risk

Move Up Mägic ApS is a Private limited company (ApS), founded on , based in Randers C. The company is registered in the industry drift af fitnesscentre. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 17k and a net result of DKK -20k. CEO: Dennis Said Bakari Mägi.

Bankruptcy risk for Move Up Mägic ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×

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
41896191
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Østergade 7, 3.
8900 Randers C
Municipality
Randers
Industry
Drift af fitnesscentre (931300)
Bankruptcies in the industry: Anden undervisning i.a.n.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio95.7%
Current ratio2,343%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -4,531DKK 43kDKK 24k
Net profitDKK -20kDKK 1,071DKK 10k
EquityDKK 17kDKK 37kDKK 31k
Total assetsDKK 18kDKK 44kDKK 39k
CashDKK 9,462DKK 20k–
Short-term debtDKK 766DKK 6,665–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025170
1 Jan 2024 – 31 Dec 2024171
1 Jan 2023 – 31 Dec 2023169
1 Jan 2022 – 31 Dec 2022178
26 Nov 2020 – 31 Dec 2021180

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
CEODennis Said Bakari MägiCurrent
Owner (100%)Noble Promise Investment Holding ApSCurrent
FounderNoble Promise Investment Holding ApSCurrent

The CEOs' other companies

Dennis Said Bakari Mägi – 3 other companies

Address history (1 moves)

Østergade 7, 3., 8900 Randers C
Kaj Munks Vej 10, 2. tv, 8260 Viby J

Other companies at the same address

Similar companies in Randers

Questions and answers about Move Up Mägic ApS

Has Move Up Mägic ApS gone bankrupt?

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

What is the bankruptcy risk of Move Up Mägic ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Move Up Mägic ApS?

Dennis Said Bakari Mägi is the CEO of Move Up Mägic ApS.

When was Move Up Mägic ApS founded?

Move Up Mägic ApS was founded on 26 November 2020.

What is the equity of Move Up Mägic ApS?

Equity was DKK 17k 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.