FRONTREAD ApS

CVR 25663497 · Private limited company (ApS) · Active · Low risk

FRONTREAD ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 1.1% over the next 12 months, which is 0.8 times the average for Danish companies. 12 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -13.9m and a net result of DKK -1.7m. CEO: Kim Aksel Høgskilde.

Bankruptcy risk for FRONTREAD ApS

1.1%
probability of bankruptcy within 12 months
Low risk

0.8 × the average (1.41%) · higher risk than 74% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
25663497
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
c/o Incuba, Åbogade 15
8200 Aarhus N
Municipality
Aarhus
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 289k
Employees
6 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 12
Missing annual reportNo
Negative equityYes
Equity ratio-470.9%
Current ratio26%
Moves (last 2 years)0
CEO changes in total7
CEO's previous bankruptcies0
Other companies at the address288
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 711kDKK 1.1mDKK 1.8m
Net profitDKK -1.7mDKK -3.5mDKK -2.9m
EquityDKK -13.9mDKK -12.2mDKK -8.7m
Total assetsDKK 3.0mDKK 2.3mDKK 3.1m
CashDKK 218kDKK 148k–
Short-term debtDKK 3.0mDKK 2.3m–
Avg. employees610–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025168
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021189 Late
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019183
1 Jan 2018 – 31 Dec 2018154
1 Jan 2017 – 31 Dec 2017133
1 Jan 2016 – 31 Dec 2016171
1 Jan 2015 – 31 Dec 2015140
11 Dec 2013 – 31 Dec 201489

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
CEOKim Aksel HøgskildeCurrent
CEOJens Sejer Sørensen
CEOMerete Blaabjerg Riedel
CEOKim Aksel Høgskilde
CEOGitte Nørgaard
BoardJens LoffCurrent
BoardLars Steen PedersenCurrent
BoardTorben JørgensenCurrent
BoardMerete Blaabjerg Riedel
BoardJens Sejer Sørensen
BoardClaus Krogh Riekehr Møller
BoardThomas Juel
BoardJens Sejer Sørensen
BoardJens Loff
BoardClaus Krogh Riekehr Møller
BoardAnette Nielsen Kusk
BoardJens Sejer Sørensen
BoardKlaus Duelund
Owner (100%)Learning Solutions ApSCurrent
Owner (25%)Merete Blaabjerg Riedel
Owner (25%)CADPEOPLE A/S
Owner (50%)FONDEN INSTITUT FOR TEORETISK OG ANVENDT INFORMATIK (ITAI) TØNDER
Owner (25%)Jens Loff
Owner (33%)FONDEN INSTITUT FOR TEORETISK OG ANVENDT INFORMATIK (ITAI) TØNDER
Owner (10%)M.B.R. Holding ApS
Owner (25%)Learning Solutions ApS
Owner (50%)Learning Solutions ApS
Owner (5%)FRONTREAD ApS
Owner (33%)Learning Solutions ApS
Owner (25%)FONDEN INSTITUT FOR TEORETISK OG ANVENDT INFORMATIK (ITAI) TØNDER
Owner (10%)M.B.R. Holding ApS
Owner (50%)Learning Solutions ApS
Owner (67%)Learning Solutions ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMerete Blaabjerg RiedelCurrent
FounderCADPEOPLE A/SCurrent
FounderFONDEN INSTITUT FOR TEORETISK OG ANVENDT INFORMATIK (ITAI) TØNDERCurrent

The CEOs' other companies

Kim Aksel Høgskilde – 7 other companies

Jens Sejer Sørensen – 44 other companies, of which 5 bankrupt

Merete Blaabjerg Riedel – 2 other companies

Gitte Nørgaard – 4 other companies

Address history (1 moves)

c/o Incuba, Åbogade 15, 8200 Aarhus N
c/o Cadpeople A/S, Saltholmsgade 22, 8000 Aarhus C

Employees per year

Number of employees at FRONTREAD ApS per year482014: 320142015: 320152016: 520162017: 820172018: 62018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about FRONTREAD ApS

Has FRONTREAD ApS gone bankrupt?

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

What is the bankruptcy risk of FRONTREAD ApS?

Our model estimates a bankruptcy risk of 1.1% over the next 12 months (low risk), which is 0.8 times the average for Danish companies.

Who is the CEO of FRONTREAD ApS?

Kim Aksel Høgskilde is the CEO of FRONTREAD ApS.

Who is the auditor of FRONTREAD ApS?

FRONTREAD ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was FRONTREAD ApS founded?

FRONTREAD ApS was founded on 11 December 2013.

What is the equity of FRONTREAD ApS?

Equity was DKK -13.9m 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.