Sailing Games ApS
Private limited companyCVR 39508176SydalsActive
Sailing Games ApS is a private limited company, based in Sydals, active in publishing of computer games, founded in 2018. Equity was negative at the end of 2025 (−DKK 696k). The company made a loss in both 2024 and 2025, most recently DKK 123k.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 36% (2024 → 2025), to DKK 61,240.
- The loss got smaller: from DKK 130k to DKK 123k (2024 → 2025).
Employees
- 2 more employees than a year earlier: 5 (07/2026) against 3 (07/2025).
Management and owners, last 24 months
- New in management: Thomas Bjørn-Lüthi (director, 12/08/2026).
- Stepped down: Thomas Bjørn-Lüthi (ceo, 11/08/2026).
Registrations, last 24 months
- 09/09/2026: Status changed to active
- 11/08/2026: Status changed to under compulsory dissolution
- 01/01/2025: Industry changed to Publishing of computer games (582100)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 0 | −0 | −231 | −189 | 95 | 61 | −35.7% |
| Operating profit (EBIT) | 0 | −0 | −231 | −250 | −292 | −113 | +61.4% |
| Profit before tax | 0 | −0 | −232 | −251 | −297 | −116 | +61.1% |
| Net profit | 0 | −0 | −232 | −251 | −130 | −123 | +5.6% |
| Total assets | 1 | 40 | 319 | 855 | 1,114 | 1,078 | −3.2% |
| Equity | 1 | 40 | −192 | −443 | −573 | −696 | −21.4% |
| Liabilities | – | 0 | 512 | 1,298 | 1,687 | 1,775 | +5.2% |
| Cash and cash equivalents | 1 | 1 | 3 | 59 | 116 | 15 | −86.7% |
| Average number of employees | – | – | 1 | 1 | 1 | – | – |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 696k at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 5 years in a row
Net result has been negative in 2021–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 09/09/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 20/07/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 02/08/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 03/08/2023 | The company | PDF not statedXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 18/07/2022 | The company | PDF not statedXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 16/07/2021 | The company | PDF not statedXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
74 companies in the databaseComparison with the other companies in publishing of computer games based on the latest financial year.
Industry median: gross profit DKK 1.4m, net profit −DKK 15,246, equity DKK 416k, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 61,670of 69,742 Better than 12% | No. 66,456of 69,964 Better than 5% |
| Same industry and fewer than 20 employees59 companies in the comparison | No. 42of 59 Better than 29% | No. 52of 59 Better than 12% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 30,542of 33,588 Better than 9% | No. 31,482of 33,687 Better than 7% |
| All companies of type ApS66,508 companies in the comparison | No. 59,286of 66,379 Better than 11% | No. 62,934of 66,505 Better than 5% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Publishing of computer games- Sailing Games ApSDKK 61,240
- Io Interactive A/SDKK 469.5m
- Sybo ApSDKK 367.5m
- Sailing Games ApS−DKK 123k
- Io Interactive A/SDKK 143.4m
- Sybo ApSDKK 137.2m
- Sailing Games ApS−DKK 696k
- Io Interactive A/SDKK 809.3m
- Sybo ApSDKK 178.2m
- Sailing Games ApS5
- Io Interactive A/S192
- Sybo ApS108
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Thomas Bjørn-Lüthi90%
- 5th element Aps100%
The ownership shares in the register add up to 190%. The register may contain older or indirect holdings that have not been closed. We show them as registered.
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Thomas Bjørn-Lüthi | Director | 12/08/2026 |
- Founders
- Thomas Bjørn-Lüthi
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Thomas Bjørn-Lüthi | Director | 23/04/2018 | 28/11/2018 |
| Thomas Bjørn-Lüthi | CEO | 18/01/2019 | 11/08/2026 |
Signing rule: Selskabet tegnes af 1 direktør.
Address and production units
1 active production unitsSkovhøj 41
6470 Sydals
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Sailing Games ApS | Skovhøj 41, Høruphav, 6470 Sydals | 5 | 1023547402 |
Purpose
Selskabets formål er drift af projekter med maritimt islæt og hermed tilknyttede aktiviteter.
The purpose is quoted from the register in Danish.
Changes year by year
25 registered events20265 changesstatus 2 · accounts 1 · management 2
- StatusStatus changed to active
- AccountsAnnual report for 2025 published
- ManagementThomas Bjørn-Lüthi appointed director
- StatusStatus changed to under compulsory dissolution
- ManagementThomas Bjørn-Lüthi stepped down as ceo
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Publishing of computer games (582100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20222 changesaccounts 1 · industry 1
- AccountsAnnual report for 2021 published
- IndustryIndustry changed to Publishing of computer games (582100)
20217 changesownership 1 · name 3 · industry 1 · capital 1 · accounts 1
- Ownership5th element Aps registered as owner (100%)
- NameName changed from Sailing Tours ApS to Sailing Games ApS
- NameName changed from Sailing Tours IVS to Sailing Tours ApS
- IndustryIndustry changed to Sea and coastal passenger water transport (501000)
- CapitalShare capital changed from 1,000 DKK to 40,000 DKK
- AccountsAnnual report for 2020 published
- NameName changed from T.B.L. IVS to Sailing Tours IVS
20192 changesstatus 1 · management 1
- StatusStatus changed to active
- ManagementThomas Bjørn-Lüthi appointed ceo
20185 changesstatus 1 · management 2 · founded 1 · ownership 1
- StatusStatus changed to under compulsory dissolution
- ManagementThomas Bjørn-Lüthi stepped down as director
- FoundedRegistered as T.B.L. IVS
- ManagementThomas Bjørn-Lüthi appointed director
- OwnershipThomas Bjørn-Lüthi registered as owner (90%)
Related companies
Same people in management
- Fb-management ApSvia Thomas Bjørn-Lüthi
Largest in the industry
- Io Interactive A/SDKK 469.5m
- Sybo ApSDKK 367.5m
- Cego A/SDKK 201.1m
- Tactile R&d ApSDKK 129.3m
- Ghost Ship Games ApSDKK 73.1m
- Playdead ApSDKK 67.9m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.