Flex Group ApS

CVR 33502591 · Private limited company (ApS) · Active · Low risk

Flex Group ApS is a Private limited company (ApS), founded on , based in Vejle. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 15 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 11.0m and a net result of DKK -3.5m. CEO: Jens Alfred Iversen.

Bankruptcy risk for Flex Group 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

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · 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
33502591
Status
Active
Company type
Private limited company (ApS)
Founded
(15 years)
Address
Toldvagten 2
7100 Vejle
Municipality
Vejle
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 6.3m
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 15
Missing annual reportNo
Negative equityNo
Equity ratio90.2%
Current ratio49%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 0DKK 0DKK 0
Net profitDKK -3.5mDKK -26.9mDKK 298k
EquityDKK 11.0mDKK 14.5mDKK 15.3m
Total assetsDKK 12.2mDKK 14.6mDKK 15.4m
CashDKK 88kDKK 3,565–
Short-term debtDKK 1.2mDKK 97k–
Avg. employees10–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024185 Late
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022159
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 202099
1 Jan 2019 – 31 Dec 2019160
1 Jan 2018 – 31 Dec 201896
1 Jan 2017 – 31 Dec 2017122
1 Jan 2016 – 31 Dec 2016121
1 Jan 2015 – 31 Dec 201596
1 Jan 2014 – 31 Dec 201489
1 Jan 2013 – 31 Dec 2013122
1 Jan 2012 – 31 Dec 2012135
21 Feb 2011 – 31 Dec 2011157

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
CEOJens Alfred IversenCurrent
CEOJens Alfred Iversen
CEOBjarne Skovgaard Schmidt
BoardJens Alfred IversenCurrent
BoardPeter ThorsenCurrent
BoardClaus PorsgaardCurrent
BoardPeter Thorsen
BoardMichael Antitsch Mortensen
BoardKjeld Ostenfeldt Mathiesen
BoardClaus Porsgaard
Owner (67%)Thorsen Ejendomme A/SCurrent
Owner (33%)M+ III A/SCurrent
Owner (33%)M+ Invest ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderThorsen Ejendomme A/SCurrent
FounderM+ Invest ApSCurrent

The CEOs' other companies

Jens Alfred Iversen – 31 other companies, of which 5 bankrupt

Bjarne Skovgaard Schmidt – 18 other companies, of which 3 bankrupt

Address history (1 moves)

Toldvagten 2, 7100 Vejle
Roms Hule 4, 5., 7100 Vejle

Former names

Flex Group ApS – now
VT1 HOLDING ApS –

Other companies at the same address

Similar companies in Vejle

Questions and answers about Flex Group ApS

Has Flex Group ApS gone bankrupt?

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

What is the bankruptcy risk of Flex Group 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 Flex Group ApS?

Jens Alfred Iversen is the CEO of Flex Group ApS.

Who is the auditor of Flex Group ApS?

Flex Group ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Flex Group ApS founded?

Flex Group ApS was founded on 21 February 2011.

What is the equity of Flex Group ApS?

Equity was DKK 11.0m 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.