Tungsten Automation Development A/S

CVR 21382086 · Public limited company (A/S) · Active · Low risk

Tungsten Automation Development A/S is a Public limited company (A/S), founded on , based in Herlev. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 66.8m and a net result of DKK 3.9m. CEO: Christian Jörg Franz Hefner.

Bankruptcy risk for Tungsten Automation Development A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

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
21382086
Status
Active
Company type
Public limited company (A/S)
Founded
(27 years)
Address
Lyskær 3C, 4.
2730 Herlev
Municipality
Herlev
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 658k
Employees
14 (2018)
Auditor
Forvis Mazars Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 26
Missing annual reportNo
Negative equityNo
Equity ratio54.5%
Current ratio220%
Moves (last 2 years)1
CEO changes in total10
CEO's previous bankruptcies0
Other companies at the address190
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 12.2mDKK 12.9mDKK 14.8m
Net profitDKK 3.9mDKK 1.4mDKK 3.3m
EquityDKK 66.8mDKK 62.9mDKK 61.5m
Total assetsDKK 122.7mDKK 106.1mDKK 78.8m
CashDKK 943kDKK 412k–
Short-term debtDKK 55.9mDKK 43.2m–
Avg. employees1013–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Forvis Mazars.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025176
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022202 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020177
1 Jan 2019 – 31 Dec 2019233 Late
1 Jan 2018 – 31 Dec 2018163
1 Jan 2017 – 31 Dec 2017171
1 Jan 2016 – 31 Dec 2016152
1 Jul 2014 – 31 Dec 2015188 Late Restated
1 Jul 2013 – 30 Jun 2014127
1 Jul 2012 – 30 Jun 2013174
1 Jul 2011 – 30 Jun 2012169
1 Jul 2010 – 30 Jun 2011166
1 Jul 2009 – 30 Jun 2010162
1 Jul 2008 – 30 Jun 2009147
1 Jul 2007 – 30 Jun 2008168
1 Jul 2006 – 30 Jun 2007169
1 Jul 2005 – 30 Jun 2006173

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
CEOChristian Jörg Franz HefnerCurrent
CEOSteen Schierbeck
CEOEbbe Groes
CEOJesper Ulsø
CEODaniel Karl Kollberg
CEOStefan Andreasen
BoardChristian Jörg Franz HefnerCurrent
BoardPeter LawrenceCurrent
BoardJeffrey Kyle StouderCurrent
BoardStefan Andreasen
BoardEbbe Groes
BoardSteen Louis Reinholdt
BoardMichael Samuel Sherain
BoardLars Christian Bruhn
BoardKeiichiro Tsukamoto
BoardToshihiro Oguri
BoardSøren Jakob Anker-Ladefoged
BoardDavid Schjelde
BoardYutaka Amano
BoardFrank Ewald
BoardMichael Heiberg
BoardLars Christian Bruhn
BoardJesper Ulsø
BoardJonas Almstrup
BoardThomas Weilby Knudsen
BoardPeter Aagaard
BoardDavid Jonathan Carratt
BoardKnud Jesper Jørgensen
BoardMorten Bugge
BoardSvend Skafte
BoardJohn Yapaola
BoardAnne-Sofie Nielsen
BoardJames Robert Arnold
BoardWilliam Bradford Weller
BoardJames Robert Arnold
BoardRobert James Patton
BoardMartin Gustav Oberholzer
BoardCort Steven Townsend
Owner (100%)Tungsten Holdings Corporation USCurrent
Owner (100%)Kapow Holdings Limited
AuditorForvis Mazars Statsautoriseret RevisionspartnerselskabCurrent
AuditorMUNGIS A/S
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderASX 9667 ApSCurrent

The CEOs' other companies

Steen Schierbeck – 46 other companies, of which 46 bankrupt

Ebbe Groes – 9 other companies, of which 4 bankrupt

Jesper Ulsø – 27 other companies, of which 1 bankrupt

Daniel Karl Kollberg – 4 other companies

Stefan Andreasen – 12 other companies, of which 4 bankrupt

Address history (5 moves)

Lyskær 3C, 4., 2730 Herlev
c/o Kofax Danmark A/S, Lyskær 5, 3., 2730 Herlev
c/o Kofax Danmark A/S, Lottenborgvej 26, 2800 Kgs. Lyngby
Dr Neergaards Vej 5A, 2970 Hørsholm
Dr Neergaards Vej 5A, 2970 Hørsholm
Agern Alle 3, 2970 Hørsholm

Former names

Tungsten Automation Development A/S – now
Kofax Development A/S –
KAPOW TECHNOLOGIES A/S –
KAPOW TECHNOLOGIES ApS –
KAPOW ApS –
KAPOW2 ApS –
SCSK 2531 ApS –

Employees per year

Number of employees at Tungsten Automation Development A/S per year11222011: 1820112012: 2120122013: 2220132014: 2020142015: 1820152016: 1620162017: 1220172018: 142018

Other companies at the same address

Similar companies in Herlev

Questions and answers about Tungsten Automation Development A/S

Has Tungsten Automation Development A/S gone bankrupt?

No, Tungsten Automation Development A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Tungsten Automation Development A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Tungsten Automation Development A/S?

Christian Jörg Franz Hefner is the CEO of Tungsten Automation Development A/S.

Who is the auditor of Tungsten Automation Development A/S?

Tungsten Automation Development A/S most recently used Forvis Mazars Statsautoriseret Revisionspartnerselskab.

When was Tungsten Automation Development A/S founded?

Tungsten Automation Development A/S was founded on 1 January 1999.

What is the equity of Tungsten Automation Development A/S?

Equity was DKK 66.8m 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.