Circle & Friends ApS

CVR 38378422 · Private limited company (ApS) · Active · Low risk

Circle & Friends ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry industrielt design og modedesign. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 302k and a net result of DKK -46k. CEO: Thyra Vibeke Fonnesberg Schmidt.

Bankruptcy risk for Circle & Friends ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
38378422
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Vibeke Fonnesberg Schmidt, Sturlasgade 14A, st.
2300 København S
Municipality
København
Industry
Industrielt design og modedesign (741100)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 300k
Employees
1 (2018)
Auditor
Kreston CM Statsautoriseret Revisions interessentskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio82.1%
Current ratio558%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address45
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 240kDKK 598kDKK 182k
Net profitDKK -46kDKK 86kDKK -183k
EquityDKK 302kDKK 349kDKK 262k
Total assetsDKK 368kDKK 424kDKK 326k
CashDKK 209kDKK 177k–
Short-term debtDKK 66kDKK 75k–
Tax owedDKK 0DKK 2,049–
Avg. employees01–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · KRESTON CMStatsautoriseret Revisionsinteresentskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202549
1 Jan 2024 – 31 Dec 2024162
1 Jan 2023 – 31 Dec 2023155
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021124
1 Jan 2020 – 31 Dec 2020155
1 Jan 2019 – 31 Dec 2019147
1 Jan 2018 – 31 Dec 201824
21 Jan 2017 – 31 Dec 2017129

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
CEOThyra Vibeke Fonnesberg SchmidtCurrent
Owner (100%)VFS 2019 Holding ApSCurrent
Owner (100%)Thyra Vibeke Fonnesberg Schmidt
AuditorKreston CM Statsautoriseret Revisions interessentskabCurrent
FounderThyra Vibeke Fonnesberg SchmidtCurrent

The CEOs' other companies

Thyra Vibeke Fonnesberg Schmidt – 1 other companies

Address history (1 moves)

c/o Vibeke Fonnesberg Schmidt, Sturlasgade 14A, st., 2300 København S
c/o Vibeke Fonnesberg Schmidt, Frederiksgade 1, 4. th, 1265 København K

Employees per year

Number of employees at Circle & Friends ApS per year112017: 120172018: 12018

Other companies at the same address

Similar companies in København

Questions and answers about Circle & Friends ApS

Has Circle & Friends ApS gone bankrupt?

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

What is the bankruptcy risk of Circle & Friends ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Circle & Friends ApS?

Thyra Vibeke Fonnesberg Schmidt is the CEO of Circle & Friends ApS.

Who is the auditor of Circle & Friends ApS?

Circle & Friends ApS most recently used Kreston CM Statsautoriseret Revisions interessentskab.

When was Circle & Friends ApS founded?

Circle & Friends ApS was founded on 21 January 2017.

What is the equity of Circle & Friends ApS?

Equity was DKK 302k 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.