MORE THAN CODE ApS

CVR 35852573 · Private limited company (ApS) · Active · Medium risk

MORE THAN CODE ApS is a Private limited company (ApS), founded on , based in Værløse. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 12 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 63k and a net result of DKK -63k. CEO: Sten Elbrønd Vesterli.

Bankruptcy risk for MORE THAN CODE ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · 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

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
35852573
Status
Active
Company type
Private limited company (ApS)
Founded
(12 years)
Address
c/o Sten Vesterli, Lindevej 6B
3500 Værløse
Municipality
Furesø
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 50k
Employees
1 (2018)
Auditor
Schyberg ∙ Lykke Registreret revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 12
Missing annual reportNo
Negative equityNo
Equity ratio15.6%
Current ratio119%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 14kDKK 126k
Net profitDKK -63kDKK 36k
EquityDKK 63kDKK 126k
Total assetsDKK 402kDKK 506k
CashDKK 301k–
Short-term debtDKK 339k–
Tax owedDKK 0–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Schyberg ∙ Lykke Registreret revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024112
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022174
1 Jan 2021 – 31 Dec 2021206 Late
1 Jan 2020 – 31 Dec 2020202 Late
1 Jan 2019 – 31 Dec 2019246 Late
1 Jan 2018 – 31 Dec 2018178
1 Jan 2017 – 31 Dec 2017172
1 Jan 2016 – 31 Dec 2016167
1 Jan 2015 – 31 Dec 2015183
1 Jan 2014 – 31 Dec 2014177

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
CEOSten Elbrønd VesterliCurrent
Owner (100%)STEN VESTERLI HOLDING ApSCurrent
Owner (100%)Sten Elbrønd Vesterli
AuditorSCHYBERG LYKKE REGISTRERET REVISIONSANPARTSSELSKAB
FounderSten Elbrønd VesterliCurrent

The CEOs' other companies

Sten Elbrønd Vesterli – 5 other companies

Address history (0 moves)

c/o Sten Vesterli, Lindevej 6B, 3500 Værløse

Employees per year

Number of employees at MORE THAN CODE ApS per year112014: 120142015: 120152016: 120162017: 020172018: 12018

Other companies at the same address

Similar companies in Furesø

Questions and answers about MORE THAN CODE ApS

Has MORE THAN CODE ApS gone bankrupt?

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

What is the bankruptcy risk of MORE THAN CODE ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

Who is the CEO of MORE THAN CODE ApS?

Sten Elbrønd Vesterli is the CEO of MORE THAN CODE ApS.

Who is the auditor of MORE THAN CODE ApS?

MORE THAN CODE ApS most recently used Schyberg ∙ Lykke Registreret revisionsanpartsselskab.

When was MORE THAN CODE ApS founded?

MORE THAN CODE ApS was founded on 1 May 2014.

What is the equity of MORE THAN CODE ApS?

Equity was DKK 63k 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.