ELM SPV ApS

CVR 42121940 · Private limited company (ApS) · Active · Medium risk

ELM SPV ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 5 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -2.1m and a net result of DKK -2.0m. CEO: Michael Halborg-Bendtsen, Daniel Åxman.

Bankruptcy risk for ELM SPV ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×

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
42121940
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Frederiksgade 11, 1. th
1265 København K
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 49k
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late4 of 5
Missing annual reportNo
Negative equityYes
Equity ratio-7,704.0%
Current ratio1%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address53
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -39kDKK -18k
Net profitDKK -2.0mDKK -3.2m
EquityDKK -2.1mDKK -93k
Total assetsDKK 28kDKK 2.0m
CashDKK 0–
Short-term debtDKK 2.2m–
Avg. employees0–

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 2025190 Late
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022186 Late
12 Feb 2021 – 31 Dec 2021187 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 Halborg-BendtsenCurrent
CEODaniel ÅxmanCurrent
Owner (50%)HB Invest holding ApSCurrent
Owner (33%)Aaxman Holding ApSCurrent
Owner (5%)TRAD HOLDING ApSCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderHB Invest holding ApSCurrent
FounderAaxman Holding ApSCurrent

The CEOs' other companies

Michael Halborg-Bendtsen – 51 other companies, of which 2 bankrupt

Daniel Åxman – 26 other companies

Address history (0 moves)

Frederiksgade 11, 1. th, 1265 København K

Other companies at the same address

Similar companies in København

Questions and answers about ELM SPV ApS

Has ELM SPV ApS gone bankrupt?

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

What is the bankruptcy risk of ELM SPV ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of ELM SPV ApS?

Michael Halborg-Bendtsen, Daniel Åxman are the CEOs of ELM SPV ApS.

Who is the auditor of ELM SPV ApS?

ELM SPV ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was ELM SPV ApS founded?

ELM SPV ApS was founded on 12 February 2021.

What is the equity of ELM SPV ApS?

Equity was DKK -2.1m 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.