CODEWORKS ApS

CVR 29927774 · Private limited company (ApS) · Active · Low risk

CODEWORKS ApS is a Private limited company (ApS), founded on , based in Roskilde. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 19 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 223k and a net result of DKK 8,925. CEO: Morten Mertner.

Bankruptcy risk for CODEWORKS ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
29927774
Status
Active
Company type
Private limited company (ApS)
Founded
(20 years)
Address
c/o Morten Mertner, Ageren 2
4000 Roskilde
Municipality
Roskilde
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 126k
Employees
0 (2014)
Auditor
Vedbæk Revision, Registreret revisionsfirma FSR
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 19
Missing annual reportNo
Negative equityNo
Equity ratio88.7%
Current ratio887%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 202kDKK 400kDKK 115k
Net profitDKK 8,925DKK 169kDKK 93k
EquityDKK 223kDKK 315kDKK 236k
Total assetsDKK 252kDKK 423kDKK 282k
CashDKK 95kDKK 299k–
Short-term debtDKK 28kDKK 108k–
Tax owedDKK 2,640DKK 51k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Vedbæk Revision, Registreret revisionsfirma FSR.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024180
1 Jan 2023 – 31 Dec 2023175
1 Jan 2022 – 31 Dec 2022168
1 Jan 2021 – 31 Dec 2021177
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019234 Late
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017148
1 Jan 2016 – 31 Dec 2016157
1 Jan 2015 – 31 Dec 2015160
1 Jan 2014 – 31 Dec 2014156
1 Jan 2013 – 31 Dec 2013153
1 Jan 2012 – 31 Dec 2012173
1 Jan 2011 – 31 Dec 2011179
1 Jan 2010 – 31 Dec 2010156
1 Jan 2009 – 31 Dec 2009154
1 Jan 2008 – 31 Dec 2008196 Late
3 Oct 2006 – 31 Dec 2007226 Late

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
CEOMorten MertnerCurrent
BoardMorten MertnerCurrent
BoardBjarke Valdemar Lindberg
Owner (100%)MERTNER HOLDING ApSCurrent
AuditorEcovis Danmark statsautoriseret revisionsinteressentskab
AuditorVedbæk Revision v/Lillian Hauermann Lindgreen
FounderMERTNER HOLDING ApSCurrent
FounderBEVERLI HOLDING ApSCurrent

The CEOs' other companies

Morten Mertner – 1 other companies

Address history (3 moves)

c/o Morten Mertner, Ageren 2, 4000 Roskilde
c/o Morten Mertner, Haag Alle 19, 2791 Dragør
Bremensgade 55, 2., 2300 København S
Havnegade 39, 1058 København K

Employees per year

Number of employees at CODEWORKS ApS per year122008: 020082009: 120092011: 220112012: 120122013: 120132014: 02014

Other companies at the same address

Similar companies in Roskilde

Questions and answers about CODEWORKS ApS

Has CODEWORKS ApS gone bankrupt?

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

What is the bankruptcy risk of CODEWORKS ApS?

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

Who is the CEO of CODEWORKS ApS?

Morten Mertner is the CEO of CODEWORKS ApS.

Who is the auditor of CODEWORKS ApS?

CODEWORKS ApS most recently used Vedbæk Revision, Registreret revisionsfirma FSR.

When was CODEWORKS ApS founded?

CODEWORKS ApS was founded on 3 October 2006.

What is the equity of CODEWORKS ApS?

Equity was DKK 223k 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.