Elevate Development ApS

CVR 44723506 · Private limited company (ApS) · Active · High risk

Elevate Development ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 5.3% over the next 12 months, which is 3.8 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -295k and a net result of DKK -338k. CEO: Dennis Milton Pedersen, Bo Weibull.

Bankruptcy risk for Elevate Development ApS

5.3%
probability of bankruptcy within 12 months
High risk

3.8 × the average (1.41%) · higher risk than 92% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×

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×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
Moves in the last 2 years0 · bankruptcy rate 7.4%0.84×

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
44723506
Status
Active
Company type
Private limited company (ApS)
Founded
(2 years)
Address
Bredgade 6, 4.
1260 København K
Municipality
København
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 40k
Auditor
Crowe
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityYes
Equity ratio-41.2%
Current ratio49%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies3
Other companies at the address117
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 628kDKK 295k
Net profitDKK -338kDKK 2,737
EquityDKK -295kDKK 43k
Total assetsDKK 716kDKK 238k
CashDKK 369kDKK 121k
Short-term debtDKK 1.0mDKK 195k
Tax owedDKK 0DKK 2,980
Avg. employees22

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025118
25 Mar 2024 – 31 Dec 2024182

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 Milton PedersenCurrent
CEOBo WeibullCurrent
Owner (50%)D.M.P Ejendomsudvikling ApSCurrent
Owner (50%)Weibull Holding ApSCurrent
FounderD.M.P Ejendomsudvikling ApSCurrent
FounderWeibull Holding ApSCurrent

The CEOs' other companies

Dennis Milton Pedersen – 8 other companies, of which 3 bankrupt

Bo Weibull – 4 other companies

Address history (1 moves)

Bredgade 6, 4., 1260 København K
Bryghuspladsen 8, 1473 København K

Other companies at the same address

Similar companies in København

Questions and answers about Elevate Development ApS

Has Elevate Development ApS gone bankrupt?

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

What is the bankruptcy risk of Elevate Development ApS?

Our model estimates a bankruptcy risk of 5.3% over the next 12 months (high risk), which is 3.8 times the average for Danish companies.

Who is the CEO of Elevate Development ApS?

Dennis Milton Pedersen, Bo Weibull are the CEOs of Elevate Development ApS.

Who is the auditor of Elevate Development ApS?

Elevate Development ApS most recently used Crowe.

When was Elevate Development ApS founded?

Elevate Development ApS was founded on 25 March 2024.

What is the equity of Elevate Development ApS?

Equity was DKK -295k 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.