FRS Danmark A/S

CVR 33869673 · Public limited company (A/S) · Active · Low risk

FRS Danmark A/S is a Public limited company (A/S), founded on , based in Rømø. The company is registered in the industry anden finansiel formidling i.a.n.. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 14 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.8m and a net result of DKK -24k. CEO: Tim Kunstmann.

Bankruptcy risk for FRS Danmark A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
33869673
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
c/o Rederiet Union A/S, Kilebryggen 2
6792 Rømø
Municipality
Tønder
Industry
Anden finansiel formidling i.a.n. (649990)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Employees
4 (2013)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 14
Missing annual reportNo
Negative equityNo
Equity ratio98.6%
Current ratio7,108%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -26kDKK -40kDKK -43k
Net profitDKK -24kDKK -31kDKK -37k
EquityDKK 1.8mDKK 1.8mDKK 1.8m
Total assetsDKK 1.8mDKK 1.8mDKK 1.8m
CashDKK 1.8mDKK 1.8m–
Short-term debtDKK 25kDKK 40k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 2024153
1 Jan 2023 – 31 Dec 2023117
1 Jan 2022 – 31 Dec 2022109
1 Jan 2021 – 31 Dec 2021139
1 Jan 2020 – 31 Dec 2020127
1 Jan 2019 – 31 Dec 2019115
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017124
1 Jan 2016 – 31 Dec 2016150
1 Jan 2015 – 31 Dec 2015147
1 Jan 2014 – 31 Dec 2014155
1 Jan 2013 – 31 Dec 2013150
16 Aug 2011 – 31 Dec 2012154

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
CEOTim KunstmannCurrent
CEOGötz Robert Gernot Becker
CEOBirte Dettmers
BoardChristian Baumberger
BoardGötz Robert Gernot Becker
BoardJan Adolf Kruse
Owner (100%)FRS Europe Holding GmbHCurrent
AuditorMJAKP2 I/S
AuditorMJAKP P/S
AuditorGrant Thornton, Godkendt Revisionspartnerselskab
FounderNiels Jørgen KornerupCurrent

Address history (2 moves)

c/o Rederiet Union A/S, Kilebryggen 2, 6792 Rømø
Sverigesgade 4, 8000 Aarhus C
c/o Bech-Bruun, Frue Kirkeplads 4, 8000 Aarhus C

Former names

FRS Danmark A/S – now
FSR Danmark A/S –
KATTEGATRUTEN A/S –

Employees per year

Number of employees at FRS Danmark A/S per year242013: 42013

Other companies at the same address

Similar companies in Tønder

Questions and answers about FRS Danmark A/S

Has FRS Danmark A/S gone bankrupt?

No, FRS Danmark A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of FRS Danmark 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 FRS Danmark A/S?

Tim Kunstmann is the CEO of FRS Danmark A/S.

Who is the auditor of FRS Danmark A/S?

FRS Danmark A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was FRS Danmark A/S founded?

FRS Danmark A/S was founded on 16 August 2011.

What is the equity of FRS Danmark A/S?

Equity was DKK 1.8m 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.