BASWARE A/S

CVR 26404703 · Public limited company (A/S) · Active · Low risk

BASWARE A/S is a Public limited company (A/S), founded on 1 January 2002, based in Frederiksberg C. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published, of which 8 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 10.9m and a net result of DKK 1.7m.

Bankruptcy risk for BASWARE A/S

0.2%

probability of bankruptcy within 12 months

Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · 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×

Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Municipality changes3+ · bankruptcy rate 10.6%1.2×

Postcode changes3+ · bankruptcy rate 10.2%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×

Reporting classReporting class B · bankruptcy rate 3.2%0.37×

Return on assets5%–15% · bankruptcy rate 3.5%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

Company typeA/S · bankruptcy rate 4.4%0.50×

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: 26404703
Status: Active
Company type: Public limited company (A/S)
Founded: 1 January 2002 (24 years)
Address: c/o ordnung, Gammel Kongevej 60
1850 Frederiksberg C
Municipality: Frederiksberg
Industry: Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital: DKK 600k
Employees: 19 (2018)
Auditor: EY Godkendt Revisionspartnerselskab
Audit opted out: No

Warning signs

Annual reports filed late	10 of 24
Missing annual report	No
Negative equity	No
Equity ratio	44.6%
Current ratio	137%
Moves (last 2 years)	0
CEO changes in total	2
CEO's previous bankruptcies	0
Other companies at the address	221
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024	2023
Revenue	DKK 53.2m	DKK 48.0m	DKK 39.4m
Gross profit	DKK 22.8m	DKK 25.3m	DKK 22.9m
Net profit	DKK 1.7m	DKK 2.1m	DKK 997k
Equity	DKK 10.9m	DKK 16.0m	DKK 13.9m
Total assets	DKK 24.5m	DKK 32.9m	DKK 28.5m
Short-term debt	DKK 13.6m	DKK 17.0m	–
Tax owed	DKK 236k	DKK 994k	–
Avg. employees	14	17	–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	3 Jul 2026	184	Late
1 Jan 2024 – 31 Dec 2024	4 Jul 2025	185	Late
1 Jan 2023 – 31 Dec 2023	8 Jul 2024	190	Late
1 Jan 2022 – 31 Dec 2022	19 Jul 2023	200	Late
1 Jan 2021 – 31 Dec 2021	29 Jun 2022	180
1 Jan 2020 – 31 Dec 2020	9 Jul 2021	190	Late
1 Jan 2019 – 31 Dec 2019	15 Sep 2020	259	Late
1 Jan 2018 – 31 Dec 2018	16 Jul 2019	197	Late
1 Jan 2017 – 31 Dec 2017	30 May 2018	150
1 Jan 2016 – 31 Dec 2016	20 Jun 2017	171
1 Jan 2015 – 31 Dec 2015	1 Jun 2016	153
1 Jan 2014 – 31 Dec 2014	16 Jul 2015	197	Late
1 Jan 2013 – 31 Dec 2013	17 Jun 2014	168
1 Jan 2012 – 31 Dec 2012	23 May 2013	143
1 Jan 2011 – 31 Dec 2011	1 Jun 2012	153
1 Jan 2010 – 31 Dec 2010	25 May 2011	145
1 Jan 2009 – 31 Dec 2009	24 Jun 2010	175
1 Jan 2008 – 31 Dec 2008	15 Jun 2009	166
1 Jan 2007 – 31 Dec 2007	12 Jun 2008	164
1 Jan 2006 – 31 Dec 2006	30 May 2007	150

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

Role	Name	From	To
CEO	Kim Madsen	1 Jan 2002	6 Feb 2002
CEO	Jan Eirik Gustaf Pawli	6 Feb 2002	4 Dec 2003
Board	Martti Tapani Nurminen	31 Jan 2020	Current
Board	Jason Kurtz	24 Jan 2023	Current
Board	Saminda Arahchige Pathmasiri	6 Feb 2024	Current
Board	Kim Madsen	1 Jan 2002	6 Feb 2002
Board	Helle Garde Carlsen	1 Jan 2002	6 Feb 2002
Board	Annemette Heller	1 Jan 2002	6 Feb 2002
Board	Jan Eirik Gustaf Pawli	6 Feb 2002	4 Dec 2003
Board	Hannu Antti Vaajoensuu	6 Feb 2002	30 Jun 2011
Board	Sakari Tapio Perttunen	4 Dec 2003	2 Feb 2007
Board	Antti Olave Pöllänen	2 Feb 2007	30 Jun 2011
Board	Mika Petri Harjuaho	30 Jun 2011	8 Dec 2014
Board	Ilkka Juhani Sihvo	30 Jun 2011	17 Oct 2011
Board	Jukka Tapani Virkkunen	30 Jun 2011	21 Aug 2013
Board	Esa Erkki Tihilä	17 Oct 2011	6 Oct 2016
Board	Kari Aarvala	21 Aug 2013	20 Jan 2016
Board	Niclas Rosenlew	8 Dec 2014	11 Mar 2019
Board	Matti Juhani Rusi	20 Jan 2016	31 May 2017
Board	Vesa Tapio Tykkyläinen	6 Oct 2016	11 Mar 2019
Board	Sami Matti Juhani Takila	31 May 2017	1 Jun 2022
Board	Klaus Andersen	3 Apr 2019	15 Jan 2023
Board	Tuija Irmeli Mäntyniemi	3 Apr 2019	31 Jan 2020
Board	Teemu Antti Sebastian Ruikka	1 Jun 2022	6 Feb 2024
Owner (100%)	Basware Corporation	1 Jan 2002	Current
Auditor	EY Godkendt Revisionspartnerselskab	10 Oct 2014	Current
Auditor	ERNST & YOUNG DENMARK P/S	1 Jan 2002	6 Feb 2002
Auditor	PricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab	6 Feb 2002	6 Nov 2006
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	6 Nov 2006	6 Nov 2008
Auditor	EY Danmark A/S	6 Nov 2008	11 Aug 2011
Auditor	ERNST & YOUNG DENMARK P/S	11 Aug 2011	10 Oct 2014
Founder	ANPARTSSELSKABET STAKEMANN	1 Jan 2002	Current

The CEOs' other companies

Kim Madsen – 57 other companies, of which 57 bankrupt

01.08.2003, SJÆLLAND ApS Bankrupt 5 Nov 2004
1001 WATT ApS Bankrupt 29 Jan 2002
119987-JEH ApS Bankrupt 23 May 2014
13. JULI 2005 ApS Bankrupt 5 Sep 2005
1WAY2PRINT A/S Bankrupt 24 Jul 2003
24237982 A/S Bankrupt 25 Apr 2012
27768490 ApS Bankrupt 31 Aug 2011
2X INVEST ApS Bankrupt 12 Dec 2008
3 SIGMA ApS Bankrupt 9 Jun 2005
31. DECEMBER 2008 ApS Bankrupt 18 May 2009
3B HERNING ApS Bankrupt 20 Dec 2006
3L LIVSLANG LÆRING ApS Bankrupt 25 Apr 2006
4 X B HOLDING ApS Bankrupt 27 Aug 2020
4-MATION ApS Bankrupt 10 Nov 2005
4S SERVICE ApS Bankrupt 27 Jan 2009
4U2SMS INTERNATIONAL ApS Bankrupt 9 Oct 2003
A COMPANY ApS Bankrupt 11 Mar 2009
A+E ApS Bankrupt 22 Sep 2010
A-1-IMPORT ApS Bankrupt 5 May 2006
A-BYG INVEST ApS Bankrupt 14 Aug 2014
A/S AF 1.10.2002 Bankrupt 28 Oct 2003
A/S AF 30.9.2003 Bankrupt 28 Nov 2012
A/S ALFA EL VEJLE Bankrupt 18 Dec 2003
A/S BELDEN Bankrupt 5 Apr 2004
A/S DRAGERNE SERVICE & TRANSPORT Bankrupt 8 Aug 2002
A/S PETERS JUL Bankrupt 15 Jan 2007
A/S PSE 10 NR. 1930 Bankrupt 26 Aug 1997
A/S PSE NR. 5178 Bankrupt 11 May 1999
A/S PSE NR. 5653 Bankrupt 14 Oct 2003
AA - ENTREPRENØR ApS Bankrupt 14 Aug 2015

Address history (8 moves)

1 Aug 2024	c/o ordnung, Gammel Kongevej 60, 1850 Frederiksberg C
26 Feb 2019	Kirkebjerg Allé 84, 1. tv, 2605 Brøndby
16 Jul 2014	Generatorvej 8D, 2. tv, 2860 Søborg
31 May 2011	Generatorvej 8D, 2. tv, 2730 Herlev
2 Feb 2007	Jægersborgvej 66B, 2800 Kgs.Lyngby
1 Jan 2007	c/o Bygning 2, Kongevejen 2, 3480 Fredensborg
27 Jun 2002	c/o Bygning 2, Kongevejen 2, 3480 Fredensborg
6 Feb 2002	c/o Advokat Bjarne Winther, Østergade 55, 1100 København K
1 Jan 2002	c/o Aktieselskabet Stakemann, Kronprinsessegade 18, 1306 København K

Former names

BASWARE A/S	6 Feb 2002 – now
A/S PSE 38 NR. 2361	1 Jan 2002 – 5 Feb 2002

Employees per year

Other companies at the same address

20240125GDI ApS Bankrupt
Byggeselskabet af 01.07.2015 A/S Bankrupt
DIN TJENER GRUPPEN ApS Bankrupt
Ejendomsselskabet Vamdrup Komplementar ApS Bankrupt
Ejendomsselskabet Vamdrup P/S Bankrupt
HAUCHSVEJ 10 ApS Bankrupt
ICEPORT ApS Bankrupt
ICEPORT HOLDING I ApS Bankrupt
ICEPORT HOLDING II ApS Bankrupt
JNE Entreprise ApS Bankrupt
NEWCO AF 2. SEPTEMBER 2005 A/S Bankrupt
SD ApS Bankrupt
SD JUNIOR ApS Bankrupt
SD KARRéEN HOLDING ApS Bankrupt
Solpark Vamdrup Komplementar ApS Bankrupt
Solpark Vamdrup P/S Bankrupt
Udviklingsselskabet af 01.01.2024 A/S Bankrupt
VG INVESTMENT A/S Bankrupt
ABERDEEN PROPERTY FUND SELSKAB ApS Opløst
ABERDEEN PROPERTY INVESTORS EASTERN EUROPE A/S Fusioneret
AGENZY APS Active
AKTIESELSKABET AF 21. DECEMBER 2006 Opløst
Absalon Partners ApS Active
Affenium ApS Active
Anadeon ApS Active

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Questions and answers about BASWARE A/S

Has BASWARE A/S gone bankrupt?

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

What is the bankruptcy risk of BASWARE A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the auditor of BASWARE A/S?

BASWARE A/S most recently used EY Godkendt Revisionspartnerselskab.

When was BASWARE A/S founded?

BASWARE A/S was founded on 1 January 2002.

What is the equity of BASWARE A/S?

Equity was DKK 10.9m 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.