Square1 Properties ApS

CVR 44390248 · Private limited company (ApS) · Active · Low risk

Square1 Properties ApS is a Private limited company (ApS), founded on , based in Næstved. The company is registered in the industry udlejning af erhvervsejendomme. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 311k and a net result of DKK 119k. CEO: Thomas Bo Thorsen, Mikkel Engsbro.

Bankruptcy risk for Square1 Properties ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Published annual reports2 · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%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×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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
44390248
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Depotvej 3
4700 Næstved
Municipality
Næstved
Industry
Udlejning af erhvervsejendomme (682040)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 40k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio5.5%
Current ratio0%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 457kDKK 413k
Net profitDKK 119kDKK 151k
EquityDKK 311kDKK 191k
Total assetsDKK 5.6mDKK 5.9m
CashDKK 51–
Short-term debtDKK 3.5m–
Tax owedDKK 23k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202553
24 Oct 2023 – 31 Dec 2024116

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
CEOThomas Bo ThorsenCurrent
CEOMikkel EngsbroCurrent
Owner (50%)MTT HOLDING ApSCurrent
Owner (50%)MAL Finans ApSCurrent
FounderMTT HOLDING ApSCurrent
FounderMAL Finans ApSCurrent

The CEOs' other companies

Thomas Bo Thorsen – 8 other companies

Mikkel Engsbro – 6 other companies

Address history (2 moves)

Depotvej 3, 4700 Næstved
Vordingborgvej 82, 4681 Herfølge
Sandvadsvej 17B, 4600 Køge

Other companies at the same address

Similar companies in Næstved

Questions and answers about Square1 Properties ApS

Has Square1 Properties ApS gone bankrupt?

No, Square1 Properties ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Square1 Properties ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of Square1 Properties ApS?

Thomas Bo Thorsen, Mikkel Engsbro are the CEOs of Square1 Properties ApS.

Who is the auditor of Square1 Properties ApS?

Square1 Properties ApS most recently used Beierholm.

When was Square1 Properties ApS founded?

Square1 Properties ApS was founded on 24 October 2023.

What is the equity of Square1 Properties ApS?

Equity was DKK 311k 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.