Bitfire Games ApS

CVR 43735209 · Private limited company (ApS) · Active · Low risk

Bitfire Games ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry udgivelse af videospil. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -366k and a net result of DKK -214k. CEO: Jonas Ejby Raagaard.

Bankruptcy risk for Bitfire Games 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

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

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×
Has a boardYes · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Capital changes1 · 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
43735209
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Njalsgade 76, 4.
2300 København S
Municipality
København
Industry
Udgivelse af videospil (582100)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 60k
Auditor
Solveo
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-3.2%
Current ratio8%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address170
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 3.2mDKK 2.4m
Net profitDKK -214kDKK -219k
EquityDKK -366kDKK -152k
Total assetsDKK 11.6mDKK 6.4m
CashDKK 954k–
Short-term debtDKK 11.7m–
Avg. employees8–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 202494
27 Dec 2022 – 31 Dec 202364

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
CEOJonas Ejby RaagaardCurrent
CEOHans Oxmond
BoardHans OxmondCurrent
BoardJonas Ejby RaagaardCurrent
BoardMikkel Martin PedersenCurrent
Owner (67%)Bitfire Holding ApSCurrent
Owner (15%)GHOST SHIP HOLDING ApSCurrent
FounderBitfire Holding ApSCurrent

The CEOs' other companies

Jonas Ejby Raagaard – 4 other companies, of which 1 bankrupt

Hans Oxmond – 3 other companies, of which 2 bankrupt

Address history (1 moves)

Njalsgade 76, 4., 2300 København S
Toldbodgade 38C, 3. mf, 1253 København K

Other companies at the same address

Similar companies in København

Questions and answers about Bitfire Games ApS

Has Bitfire Games ApS gone bankrupt?

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

What is the bankruptcy risk of Bitfire Games 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 Bitfire Games ApS?

Jonas Ejby Raagaard is the CEO of Bitfire Games ApS.

Who is the auditor of Bitfire Games ApS?

Bitfire Games ApS most recently used Solveo.

When was Bitfire Games ApS founded?

Bitfire Games ApS was founded on 27 December 2022.

What is the equity of Bitfire Games ApS?

Equity was DKK -366k 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.