Festina Finance A/S
CVR 30986253 · Public limited company (A/S) · Active · Low risk
Festina Finance A/S is a Public limited company (A/S), founded on , based in Værløse. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 18 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 49.8m and a net result of DKK 8.1m. CEO: Mikael Braagaard.
Bankruptcy risk for Festina Finance A/S
0.0 × the average (1.41%) · higher risk than 27% of active Danish companies
Increases the risk
Reduces the risk
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
- 30986253
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (19 years)
- Address
- Birketoften 15
3500 Værløse - Municipality
- Furesø
- Industry
- Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi - Share capital
- DKK 4.5m
- Employees
- 47 (2018)
- Auditor
- Revision Nord v/Registreret revisor Jimmy Bergøe
- Audit opted out
- No
Warning signs
| Annual reports filed late | 2 of 18 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 42.0% |
| Current ratio | 138% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 10 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | DKK 252.8m | DKK 171.1m | DKK 147.5m |
| Gross profit | DKK 163.1m | DKK 96.1m | DKK 89.8m |
| Net profit | DKK 8.1m | DKK -22.2m | DKK -7.3m |
| Equity | DKK 49.8m | DKK 41.7m | DKK 63.9m |
| Total assets | DKK 118.6m | DKK 108.7m | DKK 130.3m |
| Cash | DKK 32.8m | DKK 68.8m | – |
| Short-term debt | DKK 68.8m | DKK 67.0m | – |
| Avg. employees | 151 | 121 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Revision Nord.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 154 | ||
| 1 Jan 2024 – 31 Dec 2024 | 179 | ||
| 1 Jan 2023 – 31 Dec 2023 | 180 | ||
| 1 Jan 2022 – 31 Dec 2022 | 180 | ||
| 1 Jan 2021 – 31 Dec 2021 | 124 | ||
| 1 Jan 2020 – 31 Dec 2020 | 103 | ||
| 1 Jan 2019 – 31 Dec 2019 | 132 | ||
| 1 Jan 2018 – 31 Dec 2018 | 94 | ||
| 1 Jan 2017 – 31 Dec 2017 | 95 | ||
| 1 Jan 2016 – 31 Dec 2016 | 51 | ||
| 1 Jan 2015 – 31 Dec 2015 | 64 | ||
| 1 Jan 2014 – 31 Dec 2014 | 125 | ||
| 1 Jan 2013 – 31 Dec 2013 | 152 | ||
| 1 Jan 2012 – 31 Dec 2012 | 131 | ||
| 1 Jan 2011 – 31 Dec 2011 | 170 | ||
| 1 Jan 2010 – 31 Dec 2010 | 186 | Late | |
| 1 Jan 2009 – 31 Dec 2009 | 167 | ||
| 2 Oct 2007 – 31 Dec 2008 | 218 | 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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Mikael Braagaard | Current | |
| CEO | Jens Perch Nielsen | ||
| Board | Morten Schantz | Current | |
| Board | Jesper Linnemann Lauritsen | Current | |
| Board | Simon Espelund Hansen | Current | |
| Board | Thomas Johansen | Current | |
| Board | Thomas Holst Demant | Current | |
| Board | Jeremy Andrew Hansell | Current | |
| Board | Jens Erik Jepsen Christensen | ||
| Board | Søren Theilgaard | ||
| Board | Henrik Parkhøi | ||
| Board | Michael Koch | ||
| Board | Anne-Sofie Nielsen | ||
| Board | Flemming Conrad | ||
| Board | Jens Perch Nielsen | ||
| Board | Birgitte Klausen | ||
| Board | Lars Frost Mathiesen | ||
| Board | Tine Kosmider Boye | ||
| Board | Kilian Pender | ||
| Owner (50%) | SCHANTZ INNOVATION A/S | Current | |
| Owner (20%) | Netcompany A/S | Current | |
| Owner (10%) | Birchway Capital FF SPV LP | Current | |
| Owner (5%) | Mads Andersen | ||
| Owner (90%) | Morten Schantz | ||
| Owner (5%) | Madsie Holding ApS | ||
| Owner (90%) | SCHANTZ INNOVATION A/S | ||
| Owner (5%) | Simon Espelund Hansen | ||
| Owner (5%) | Mikael Braagaard | ||
| Owner (67%) | SCHANTZ INNOVATION A/S | ||
| Owner (5%) | Mikael Braagaard | ||
| Owner (5%) | Simon Espelund Hansen | ||
| Owner (50%) | SCHANTZ INNOVATION A/S | ||
| Owner (20%) | Netcompany A/S | ||
| Auditor | Revision Nord v/Registreret revisor Jimmy Bergøe | Current | |
| Auditor | ECO-TEAM, statsautoriserede revisorer | ||
| Founder | SCIENCE FIRST ApS | Current | |
| Founder | SAPERE AUDE ApS | Current |
The CEOs' other companies
Mikael Braagaard – 2 other companies, of which 1 bankrupt
- CAPERNOW PROJECTS A/S Bankrupt 7 Jul 2021
- FESTINA LENTE CONSULTING A/S Opløst
Jens Perch Nielsen – 4 other companies
- FESTINA LENTE CONSULTING A/S Opløst
- FFIT ApS Active
- NIELSEN CONSULTING ApS Opløst
- SCIENCE FIRST ApS Active
Address history (2 moves)
| Birketoften 15, 3500 Værløse | |
| Toldbodgade 51D, st., 1253 København K | |
| c/o Jens Perch Nielsen, Søndersøvej 52, 2820 Gentofte |
Former names
| Festina Finance A/S | – now |
| FESTINA LENTE A/S | – |
| LEVMERE PENSION A/S | – |
| HOLDINGSELSKABET 2 OKTOBER 2007 A/S | – |
Employees per year
Other companies at the same address
- SALGSSELSKABET AF 25.08.09 A/S Bankrupt
- BIRKETOFTEN 13-15 ApS Active
- FESTINA LENTE CONSULTING A/S Opløst
- Gernersgade 26 ApS Active
- Haregade 28 ApS Active
- Nordic Consulting & Development Company, Danmark ApS Fusioneret
- Nts21 ApS Opløst
- PaymentHub ApS Active
- SCHANTZ INNOVATION A/S Active
- TOBI INTERNATIONAL COMPLETE SHOPS A/S Opløst
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Questions and answers about Festina Finance A/S
Has Festina Finance A/S gone bankrupt?
No, Festina Finance A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Festina Finance A/S?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of Festina Finance A/S?
Mikael Braagaard is the CEO of Festina Finance A/S.
Who is the auditor of Festina Finance A/S?
Festina Finance A/S most recently used Revision Nord v/Registreret revisor Jimmy Bergøe.
When was Festina Finance A/S founded?
Festina Finance A/S was founded on 2 October 2007.
What is the equity of Festina Finance A/S?
Equity was DKK 49.8m 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.