FRIMO ApS

CVR 11558631 · Private limited company (ApS) · Active · Low risk

FRIMO ApS is a Private limited company (ApS), founded on , based in Silkeborg. The company is registered in the industry engroshandel med kufferter og lædervarer. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 20 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (1 Apr 2026) shows equity of DKK -136k and a net result of DKK -497k. CEO: Mads Kilsgaard Sørensen.

Bankruptcy risk for FRIMO ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · 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
11558631
Status
Active
Company type
Private limited company (ApS)
Founded
(39 years)
Address
c/o Mads Sørensen, Bredhøj 1, 3. th
8600 Silkeborg
Municipality
Silkeborg
Industry
Engroshandel med kufferter og lædervarer (464930)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 200k
Employees
1 (2013)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 30
Missing annual reportNo
Negative equityYes
Equity ratio-12.5%
Current ratio454%
Moves (last 2 years)2
CEO changes in total9
CEO's previous bankruptcies2
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK -44kDKK 3,888DKK -16k
Net profitDKK -497kDKK -27kDKK -40k
EquityDKK -136kDKK 361kDKK 388k
Total assetsDKK 1.1mDKK 1.5mDKK 1.5m
Cash–DKK 0–
Short-term debtDKK 238kDKK 121k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
2 Apr 2025 – 1 Apr 2026184 Late
2 Apr 2024 – 1 Apr 2025188 Late
1 Jan 2023 – 1 Apr 2024196 Late
1 Jan 2022 – 31 Dec 2022163
1 Jan 2021 – 31 Dec 2021193 Late
1 Jan 2020 – 31 Dec 2020167
1 Jan 2019 – 31 Dec 2019178
1 Jan 2018 – 31 Dec 2018172
1 Jan 2017 – 31 Dec 2017174
1 Jan 2016 – 31 Dec 2016162
1 Jan 2015 – 31 Dec 2015159
1 Jan 2014 – 31 Dec 2014184 Late
1 Jan 2013 – 31 Dec 2013172
1 Jan 2012 – 31 Dec 2012130
1 Jan 2011 – 31 Dec 2011157
1 Jan 2010 – 31 Dec 2010172
1 Jan 2009 – 31 Dec 2009161
1 Jan 2008 – 31 Dec 2008172
1 Jan 2007 – 31 Dec 2007119
1 Jan 2006 – 31 Dec 2006151

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
CEOMads Kilsgaard SørensenCurrent
CEOHardy Grønnebæk
CEOPreben Bang Henriksen
CEOKaare Lund
CEOJan Adolfsen
CEOKim Krull Jørgensen
BoardKaare Lund
BoardLars Folmer Hald
BoardMichael Jensen
BoardHanne Christine Andersen
Owner (100%)Mads Murer Holding ApSCurrent
Owner (100%)KKJ VIBORG ApS
AuditorPOULSEN & LAURITSEN, SILKEBORG A/S
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorNVR STRUER A/S
AuditorBEIERHOLM, STATSAUTORISERET REVISIONSAKTIESELSKAB
FounderPreben Bang HenriksenCurrent

The CEOs' other companies

Mads Kilsgaard Sørensen – 6 other companies, of which 2 bankrupt

Hardy Grønnebæk – 4 other companies, of which 1 bankrupt

Preben Bang Henriksen – 46 other companies, of which 46 bankrupt

Kaare Lund – 4 other companies, of which 1 bankrupt

Jan Adolfsen – 12 other companies, of which 1 bankrupt

Kim Krull Jørgensen – 49 other companies, of which 15 bankrupt

Address history (4 moves)

c/o Mads Sørensen, Bredhøj 1, 3. th, 8600 Silkeborg
Sønderdalvej 14, 8831 Løgstrup
Hjarbækvej 65, 8831 Løgstrup
Linåvej 56, 8600 Silkeborg
Linåvej 56, 8600 Silkeborg

Former names

FRIMO ApS – now
ASX 12696 ApS –

Employees per year

Number of employees at FRIMO ApS per year482003: 820032004: 720042005: 620052006: 620062007: 620072008: 320082009: 220092013: 12013

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about FRIMO ApS

Has FRIMO ApS gone bankrupt?

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

What is the bankruptcy risk of FRIMO ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of FRIMO ApS?

Mads Kilsgaard Sørensen is the CEO of FRIMO ApS.

Who is the auditor of FRIMO ApS?

FRIMO ApS most recently used Beierholm.

When was FRIMO ApS founded?

FRIMO ApS was founded on 11 January 1987.

What is the equity of FRIMO ApS?

Equity was DKK -136k according to the annual report for the period ending 1 April 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.