FRANDSEN & AAGAARD ApS

CVR 34460620 · Private limited company (ApS) · Active · Low risk

FRANDSEN & AAGAARD ApS is a Private limited company (ApS), founded on , based in Rungsted Kyst. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 13 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 3.3m and a net result of DKK -707k. CEO: Kåre Avlund Frandsen, Nicolas Aagaard.

Bankruptcy risk for FRANDSEN & AAGAARD ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Municipality changes3+ · bankruptcy rate 10.6%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×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
34460620
Status
Active
Company type
Private limited company (ApS)
Founded
(14 years)
Address
c/o Nicolas Aagaard, Vallerød Banevej 9A
2960 Rungsted Kyst
Municipality
Hørsholm
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 80k
Employees
2 (2018)
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 13
Missing annual reportNo
Negative equityNo
Equity ratio57.1%
Current ratio33%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address8
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -745kDKK -264kDKK -506k
Net profitDKK -707kDKK 522kDKK -1.5m
EquityDKK 3.3mDKK 4.3mDKK 15.7m
Total assetsDKK 5.8mDKK 6.7mDKK 18.8m
CashDKK 72kDKK 1.5m–
Short-term debtDKK 2.5mDKK 2.4m–
Tax owedDKK 2.3mDKK 2.3m–
Avg. employees02–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025160
1 Jan 2024 – 31 Dec 2024188 Late
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022186 Late
1 Jan 2021 – 31 Dec 2021196 Late
1 Jan 2020 – 31 Dec 2020147
1 Jan 2019 – 31 Dec 2019198 Late
1 Jan 2018 – 31 Dec 2018128
1 Jan 2017 – 31 Dec 2017159
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015155
1 Sep 2013 – 31 Aug 2014158
10 Mar 2012 – 31 Aug 2013150

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
CEOKåre Avlund FrandsenCurrent
CEONicolas AagaardCurrent
CEOPeter Andreas Stakemann
Owner (50%)SEMITA METAM CAPITAL ApSCurrent
Owner (50%)KTFT Holding ApSCurrent
Owner (50%)Kåre Avlund Frandsen
Owner (50%)Nicolas Aagaard
AuditorMARQUARD Invest ApS
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderANPARTSSELSKABET STAKEMANNCurrent

The CEOs' other companies

Kåre Avlund Frandsen – 4 other companies, of which 1 bankrupt

Nicolas Aagaard – 11 other companies, of which 1 bankrupt

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Address history (4 moves)

c/o Nicolas Aagaard, Vallerød Banevej 9A, 2960 Rungsted Kyst
c/o Nicolas Aagaard, Ved Furesøen 8, 2840 Holte
c/o Nicolas Aagaard, Store Mølle Vej 19, 6., 2300 København S
Danas Plads 15, 3. th, 1915 Frederiksberg C
Kronprinsessegade 18, 1306 København K

Former names

FRANDSEN & AAGAARD ApS – now
ApS STAKE NR. 1679 –

Employees per year

Number of employees at FRANDSEN & AAGAARD ApS per year122014: 220142015: 020152016: 220162017: 220172018: 22018

Other companies at the same address

Questions and answers about FRANDSEN & AAGAARD ApS

Has FRANDSEN & AAGAARD ApS gone bankrupt?

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

What is the bankruptcy risk of FRANDSEN & AAGAARD ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of FRANDSEN & AAGAARD ApS?

Kåre Avlund Frandsen, Nicolas Aagaard are the CEOs of FRANDSEN & AAGAARD ApS.

Who is the auditor of FRANDSEN & AAGAARD ApS?

FRANDSEN & AAGAARD ApS most recently used Beierholm.

When was FRANDSEN & AAGAARD ApS founded?

FRANDSEN & AAGAARD ApS was founded on 10 March 2012.

What is the equity of FRANDSEN & AAGAARD ApS?

Equity was DKK 3.3m 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.