FirstFunctional ApS

CVR 37060488 · Private limited company (ApS) · Active · Low risk

FirstFunctional ApS is a Private limited company (ApS), founded on , based in Kgs. Lyngby. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 10 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Aug 2025) shows equity of DKK -391k and a net result of DKK 0.

Bankruptcy risk for FirstFunctional ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
37060488
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
c/o Martin Elsman, Peter Rørdams Vej 24
2800 Kgs. Lyngby
Municipality
Lyngby-Taarbæk
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-50,168.7%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 0–
Gross profitDKK 0–
Net profitDKK 0DKK 0
EquityDKK -391kDKK -391k
Total assetsDKK 780DKK 780
CashDKK 780–
Short-term debtDKK 392k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025139
1 Sep 2023 – 31 Aug 2024182
1 Sep 2022 – 31 Aug 2023187 Late
1 Sep 2021 – 31 Aug 2022155
1 Sep 2020 – 31 Aug 2021167
1 Sep 2019 – 31 Aug 2020165
1 Sep 2018 – 31 Aug 2019149
1 Sep 2017 – 31 Aug 2018165
1 Sep 2016 – 31 Aug 2017155
1 Sep 2015 – 31 Aug 2016280 Late Restated

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
Owner (100%)Martin ElsmanCurrent
FounderMartin ElsmanCurrent

Address history (0 moves)

c/o Martin Elsman, Peter Rørdams Vej 24, 2800 Kgs. Lyngby

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Questions and answers about FirstFunctional ApS

Has FirstFunctional ApS gone bankrupt?

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

What is the bankruptcy risk of FirstFunctional ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

When was FirstFunctional ApS founded?

FirstFunctional ApS was founded on 1 September 2015.

What is the equity of FirstFunctional ApS?

Equity was DKK -391k according to the annual report for the period ending 31 August 2025.

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