DUAL ApS

CVR 32309542 · Private limited company (ApS) · Active · Low risk

DUAL ApS is a Private limited company (ApS), founded on , based in København N. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 11 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 95k and a net result of DKK -23k. CEO: Michael Rasmussen, James David Pannell.

Bankruptcy risk for DUAL ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×

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
32309542
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
Sjællandsgade 51, 1.
2200 København N
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 50k
Employees
2 (2018)
Auditor
ECO-TEAM STATSAUTORISERET REVISIONSANPARTSSELSKAB
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 11
Missing annual reportNo
Negative equityNo
Equity ratio24.5%
Current ratio32%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 817kDKK 1.2m
Net profitDKK -23kDKK 38k
EquityDKK 95kDKK 118k
Total assetsDKK 388kDKK 361k
CashDKK 8,746–
Short-term debtDKK 293k–
Tax owedDKK 3,595–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · ECO-TEAM STATSAUTORISERET REVISIONSANPARTSSELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025178
1 Oct 2023 – 30 Sep 2024198 Late
1 Oct 2022 – 30 Sep 2023170
1 Oct 2021 – 30 Sep 2022149
1 Oct 2020 – 30 Sep 2021126
1 Oct 2019 – 30 Sep 2020132
1 Oct 2018 – 30 Sep 201958
1 Oct 2017 – 30 Sep 201840
1 Oct 2016 – 30 Sep 2017150
1 Oct 2015 – 30 Sep 2016147
13 Jun 2014 – 30 Sep 2015131

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
CEOMichael RasmussenCurrent
CEOJames David PannellCurrent
Owner (50%)Michael RasmussenCurrent
Owner (50%)James David PannellCurrent
Owner (50%)JD PANNELL HOLDING IVS
Owner (50%)MR HOLDING COMPANY IVS
FounderJD PANNELL HOLDING IVSCurrent
FounderMR HOLDING COMPANY IVSCurrent

The CEOs' other companies

Michael Rasmussen – 2 other companies

James David Pannell – 2 other companies

Address history (3 moves)

Sjællandsgade 51, 1., 2200 København N
Esromgade 15, 5., 2200 København N
Kronprinsessegade 46E, 1306 København K
Gothersgade 11, 2. tv, 1123 København K

Employees per year

Number of employees at DUAL ApS per year122014: 220142015: 220152016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in København

Questions and answers about DUAL ApS

Has DUAL ApS gone bankrupt?

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

What is the bankruptcy risk of DUAL ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of DUAL ApS?

Michael Rasmussen, James David Pannell are the CEOs of DUAL ApS.

Who is the auditor of DUAL ApS?

DUAL ApS most recently used ECO-TEAM STATSAUTORISERET REVISIONSANPARTSSELSKAB.

When was DUAL ApS founded?

DUAL ApS was founded on 13 June 2014.

What is the equity of DUAL ApS?

Equity was DKK 95k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.