PipiKay ApS

CVR 44564521 · Private limited company (ApS) · Active · Medium risk

PipiKay ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry detailhandel med ure og smykker. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 25k and a net result of DKK -12k. CEO: Michael Lund Mortensen, Rikke Kastrup Mortensen.

Bankruptcy risk for PipiKay ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 77% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
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×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
44564521
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
Søvænget 1
8700 Horsens
Municipality
Horsens
Industry
Detailhandel med ure og smykker (477700)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio73.7%
Current ratio23,214%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -6,736DKK 3,631
Net profitDKK -12kDKK -2,891
EquityDKK 25kDKK 37k
Total assetsDKK 34kDKK 47k
CashDKK 1,784DKK 4,184
Short-term debtDKK 146DKK 968

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 2025146
7 Jan 2024 – 31 Dec 2024180

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 Lund MortensenCurrent
CEORikke Kastrup MortensenCurrent
Owner (50%)Michael Lund MortensenCurrent
Owner (50%)Rikke Kastrup MortensenCurrent
FounderMichael Lund MortensenCurrent
FounderRikke Kastrup MortensenCurrent

The CEOs' other companies

Michael Lund Mortensen – 3 other companies

Address history (0 moves)

Søvænget 1, 8700 Horsens

Similar companies in Horsens

Questions and answers about PipiKay ApS

Has PipiKay ApS gone bankrupt?

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

What is the bankruptcy risk of PipiKay ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of PipiKay ApS?

Michael Lund Mortensen, Rikke Kastrup Mortensen are the CEOs of PipiKay ApS.

When was PipiKay ApS founded?

PipiKay ApS was founded on 7 January 2024.

What is the equity of PipiKay ApS?

Equity was DKK 25k 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.