Frandsen Cykler ApS

CVR 37115568 · Private limited company (ApS) · Active · Medium risk

Frandsen Cykler ApS is a Private limited company (ApS), founded on , based in Odense SV. The company is registered in the industry detailhandel med cykler. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 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 Dec 2025) shows equity of DKK -33k and a net result of DKK -32k. CEO: Joan Krohn Frandsen.

Bankruptcy risk for Frandsen Cykler 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

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

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×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
37115568
Status
Active
Company type
Private limited company (ApS)
Founded
(11 years)
Address
Faaborgvej 37A
5250 Odense SV
Municipality
Odense
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 10
Missing annual reportNo
Negative equityYes
Equity ratio-42.8%
Current ratio70%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 206kDKK 240k
Net profitDKK -32kDKK 2,350
EquityDKK -33kDKK -402
Total assetsDKK 76kDKK 94k
CashDKK 22k–
Short-term debtDKK 109k–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025137
1 Jan 2024 – 31 Dec 2024162
1 Jan 2023 – 31 Dec 2023164
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021167
1 Jan 2020 – 31 Dec 2020188 Late
1 Jan 2019 – 31 Dec 2019239 Late
1 Jan 2018 – 31 Dec 201895
1 Jan 2017 – 31 Dec 2017154
29 Sep 2015 – 31 Dec 2016153

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
CEOJoan Krohn FrandsenCurrent
Owner (100%)Joan Krohn FrandsenCurrent
FounderJoan Krohn FrandsenCurrent

Address history (1 moves)

Faaborgvej 37A, 5250 Odense SV
Faaborgvej 37A, 5250 Odense SV

Former names

Frandsen Cykler ApS – now
Frandsen Cykler IVS –

Employees per year

Number of employees at Frandsen Cykler ApS per year112015: 120152016: 120162017: 120172018: 12018

Other companies at the same address

Similar companies in Odense

Questions and answers about Frandsen Cykler ApS

Has Frandsen Cykler ApS gone bankrupt?

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

What is the bankruptcy risk of Frandsen Cykler 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 Frandsen Cykler ApS?

Joan Krohn Frandsen is the CEO of Frandsen Cykler ApS.

When was Frandsen Cykler ApS founded?

Frandsen Cykler ApS was founded on 29 September 2015.

What is the equity of Frandsen Cykler ApS?

Equity was DKK -33k 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.