Shine A/S

CVR 33966369 · Public limited company (A/S) · Active · Very high risk

Shine A/S is a Public limited company (A/S), founded on , based in København K. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 10.9% over the next 12 months, which is 7.7 times the average for Danish companies. 14 annual reports have been published, of which 2 more than six months after the end of the financial year.

Bankruptcy risk for Shine A/S

10.9%
probability of bankruptcy within 12 months
Very high risk

7.7 × the average (1.41%) · higher risk than 97% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Reporting classReporting class C, medium-size enterprise · bankruptcy rate 0.8%0.09×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
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
33966369
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Fiolstræde 17B
1171 København K
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Webportaler
Share capital
DKK 3.1m
Employees
62 (2018)
Auditor
CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 14
Missing annual reportNo
Negative equity–
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address19
Going-concern uncertaintyNo

Financials and key figures

Financial year2025

Latest annual report: Reporting class C, medium-size enterprise · auditor's statement: Auditor's report on audited financial statements · Christensen Kjærulff.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025203 Late
1 Jan 2024 – 31 Dec 2024155
1 Jan 2023 – 31 Dec 2023165
1 Jan 2022 – 31 Dec 2022157
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020165
1 Jan 2019 – 31 Dec 2019262 Late
1 Jan 2018 – 31 Dec 2018175
1 Jan 2017 – 31 Dec 2017166
1 Jan 2016 – 31 Dec 2016178
1 Jan 2015 – 31 Dec 2015154
1 Jan 2014 – 31 Dec 2014180
1 Jan 2013 – 31 Dec 2013161
18 Oct 2011 – 31 Dec 2012151

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
CEOMartin Hegelund Møller
CEOMaximilian Frimmer
CEOMartin Hegelund Møller
BoardRico Adlor-AndersenCurrent
BoardMartin Hegelund MøllerCurrent
BoardImke WieboldtCurrent
BoardMartin Hegelund Møller
BoardMartin Buch Thorborg
BoardNicolai Frisch Erichsen
BoardGilbert Benjamin Kamieniecky
BoardJulian Charles Lucas Bennet
BoardGilbert Benjamin Kamieniecky
BoardSiegfried Wolfgang Heimgärtner
BoardJeroen Dirk van Doornik
BoardAriel Lebowits
BoardXiaojiao Ma
BoardGilbert Benjamin Kamieniecky
BoardSiegfried Wolfgang Heimgärtner
Owner (100%)Vinde BidCo ApSCurrent
Owner (20%)RICO ANDERSEN INVEST ApS
Owner (20%)HEGELUND EQUITIES ApS
Owner (33%)AMINO ApS
Owner (5%)RICO ANDERSEN INVEST ApS
Owner (5%)HEGELUND EQUITIES ApS
Owner (50%)Armadillo Investment Limited
Owner (67%)Armadillo Investment Limited
Owner (5%)Rabo Frontier Ventures B.V.
Owner (50%)Armadillo Investment Limited
Owner (5%)Rabo Frontier Ventures B.V.
Owner (10%)Lugard Road Capital Master Fund, LP
Owner (10%)Qena Capital Partners Offshore Master Fund, LP
Owner (33%)Armadillo Investment Limited
Owner (5%)Luxor Capital Partners, LP
Owner (5%)RICO ANDERSEN INVEST ApS
Owner (5%)HEGELUND EQUITIES ApS
Owner (5%)Nexus Investment Limited
Owner (10%)Investcorp Technology Partners V SCA SICAV-RAIF
AuditorCHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKABCurrent
AuditorArev Consult v/Kim Thrane
AuditorGURRE ApS
AuditorReviwest, Godkendt Revisionsanpartsselskab
AuditorGrant Thornton, Godkendt Revisionspartnerselskab
AuditorKPMG P/S
FounderRICO ANDERSEN INVEST ApSCurrent

The CEOs' other companies

Martin Hegelund Møller – 23 other companies

Maximilian Frimmer – 11 other companies

Address history (5 moves)

Fiolstræde 17B, 1171 København K
Vesterbrogade 1E, 6., 1620 København V
Nygårdsvej 5, 2100 København Ø
Hillerødgade 30A, 1., 2200 København N
Nattergalevej 6, 1., 2400 København NV
Falkoner Alle 15, 4., 2000 Frederiksberg

Former names

Shine A/S – now
AGERAS A/S –
AGERA ApS –
FDG EUROPE ApS –

Employees per year

Number of employees at Shine A/S per year44872012: 920122013: 1820132014: 4120142015: 6120152016: 8420162017: 8720172018: 622018

Other companies at the same address

Similar companies in København

Questions and answers about Shine A/S

Has Shine A/S gone bankrupt?

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

What is the bankruptcy risk of Shine A/S?

Our model estimates a bankruptcy risk of 10.9% over the next 12 months (very high risk), which is 7.7 times the average for Danish companies.

Who is the auditor of Shine A/S?

Shine A/S most recently used CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB.

When was Shine A/S founded?

Shine A/S was founded on 18 October 2011.

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