FUNDER DEVELOPMENT ApS

CVR 36437553 · Private limited company (ApS) · Active · Low risk

FUNDER DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Vejle. The company is registered in the industry fremstilling af cykler og kørestole. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 12 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 4.0m and a net result of DKK 483k.

Bankruptcy risk for FUNDER DEVELOPMENT ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
36437553
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Hjulmagervej 4
7100 Vejle
Municipality
Vejle
Industry
Fremstilling af cykler og kørestole (309200)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer
Share capital
DKK 50k
Employees
1 (2018)
Auditor
Deloitte Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 12
Missing annual reportNo
Negative equityNo
Equity ratio79.6%
Current ratio414%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address61
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 2.8mDKK 2.9mDKK 2.2m
Net profitDKK 483kDKK 794kDKK 507k
EquityDKK 4.0mDKK 3.5mDKK 3.0m
Total assetsDKK 5.0mDKK 4.3mDKK 3.8m
CashDKK 1.4mDKK 707k–
Short-term debtDKK 1.0mDKK 853k–
Avg. employees43–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025163
1 Jan 2024 – 31 Dec 2024195 Late
1 Jan 2023 – 31 Dec 2023101
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 202027
1 Jan 2019 – 31 Dec 201984
1 Jan 2018 – 31 Dec 2018102
1 Jan 2017 – 31 Dec 2017128
1 Jan 2016 – 31 Dec 2016159
1 Jan 2015 – 31 Dec 20159
19 Nov 2014 – 31 Dec 2014253 Late

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
CEOGorm Reedtz
CEOGorm Reedtz
Owner (100%)Mads Funder Holding ApSCurrent
Owner (50%)FUNDER HOLDING ApS
Owner (50%)Gorm Reedtz
Owner (50%)Trademaker Holding ApS
Owner (100%)Mads Funder Holding ApS
Owner (10%)Anders Daa Funder
FounderFUNDER HOLDING ApSCurrent

The CEOs' other companies

Gorm Reedtz – 7 other companies, of which 1 bankrupt

Address history (2 moves)

Hjulmagervej 4, 7100 Vejle
Hjulmagervej 4A, 7100 Vejle
c/o Mads Daa Funder, Niels Skousvej 4, 7100 Vejle

Former names

FUNDER DEVELOPMENT ApS – now
FUNDER-REEDTZ DEVELOPMENT ApS –
FUNDER DEVELOPMENT ApS –

Employees per year

Number of employees at FUNDER DEVELOPMENT ApS per year112016: 020162017: 120172018: 12018

Other companies at the same address

Similar companies in Vejle

Questions and answers about FUNDER DEVELOPMENT ApS

Has FUNDER DEVELOPMENT ApS gone bankrupt?

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

What is the bankruptcy risk of FUNDER DEVELOPMENT ApS?

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 auditor of FUNDER DEVELOPMENT ApS?

FUNDER DEVELOPMENT ApS most recently used Deloitte Statsautoriseret Revisionspartnerselskab.

When was FUNDER DEVELOPMENT ApS founded?

FUNDER DEVELOPMENT ApS was founded on 19 November 2014.

What is the equity of FUNDER DEVELOPMENT ApS?

Equity was DKK 4.0m 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.