Musiccode ApS

CVR 33493916 · Private limited company (ApS) · Active · Medium risk

Musiccode ApS is a Private limited company (ApS), founded on , based in Randers NV. The company is registered in the industry drift af portaler til internettet. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 15 annual reports have been published, of which 7 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 1.2m and a net result of DKK 373k. CEO: Nicolai Dvinge.

Bankruptcy risk for Musiccode ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Auditor registered in CVRYes · 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
33493916
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Mariagervej 121
8920 Randers NV
Municipality
Randers
Industry
Drift af portaler til internettet (639100)
Bankruptcies in the industry: Webportaler
Share capital
DKK 80k
Employees
0 (2011)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late7 of 15
Missing annual reportNo
Negative equityNo
Equity ratio39.9%
Current ratio166%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies1
Other companies at the address8
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 367kDKK 152kDKK 176k
Net profitDKK 373kDKK 180kDKK 200k
EquityDKK 1.2mDKK 796kDKK 616k
Total assetsDKK 2.9mDKK 2.3mDKK 2.3m
CashDKK 274kDKK 254k–
Short-term debtDKK 1.8mDKK 1.5m–
Avg. employees01–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025191 Late
1 Jan 2024 – 31 Dec 2024192 Late
1 Jan 2023 – 31 Dec 2023193 Late
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021286 Late
1 Jan 2020 – 31 Dec 2020194 Late
1 Jan 2019 – 31 Dec 2019261 Late
1 Jan 2018 – 31 Dec 2018163
1 Jan 2017 – 31 Dec 2017159
1 Jan 2016 – 31 Dec 2016172
1 Jan 2015 – 31 Dec 2015174
1 Jan 2014 – 31 Dec 2014153
1 Jan 2013 – 31 Dec 2013162
1 Jan 2012 – 31 Dec 2012161
28 Jan 2011 – 31 Dec 2011170

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
CEONicolai DvingeCurrent
CEOTim Chawes
CEONicolai Dvinge
Owner (100%)N ApSCurrent
Owner (50%)N ApS
Owner (33%)Strøjer Vin ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorJKPT ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderJakob RathmannCurrent
FounderLC2 ApSCurrent
FounderStrøjer Vin ApSCurrent
FounderN ApSCurrent

The CEOs' other companies

Nicolai Dvinge – 11 other companies, of which 1 bankrupt

Tim Chawes – 15 other companies, of which 5 bankrupt

Address history (3 moves)

Mariagervej 121, 8920 Randers NV
Mariagervej 121, 8920 Randers NV
c/o Nicolai Dvinge, Læssøegade 150, 5230 Odense M
Filosofgangen 21, 3., 5000 Odense C

Former names

Musiccode ApS – now
GO FIRST ApS –

Employees per year

Number of employees at Musiccode ApS per year112011: 02011

Other companies at the same address

Similar companies in Randers

Questions and answers about Musiccode ApS

Has Musiccode ApS gone bankrupt?

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

What is the bankruptcy risk of Musiccode ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of Musiccode ApS?

Nicolai Dvinge is the CEO of Musiccode ApS.

Who is the auditor of Musiccode ApS?

Musiccode ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Musiccode ApS founded?

Musiccode ApS was founded on 28 January 2011.

What is the equity of Musiccode ApS?

Equity was DKK 1.2m 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.