Matter DK ApS

CVR 38402021 · Private limited company (ApS) · Active · High risk

Matter DK ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 9 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 -106.9m and a net result of DKK -49.9m.

Bankruptcy risk for Matter DK ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×

Reduces the risk

Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Has a boardYes · 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
38402021
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Frederiksholms Kanal 4, 1.
1220 København K
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Formueforvaltning
Share capital
DKK 109k
Employees
12 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-3,234.4%
Current ratio2%
Moves (last 2 years)2
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address33
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -7.2mDKK -16.7mDKK -2.8m
Net profitDKK -49.9mDKK -40.6mDKK -17.2m
EquityDKK -106.9mDKK -45.4mDKK -4.9m
Total assetsDKK 3.3mDKK 37.8mDKK 25.6m
CashDKK 0DKK 8.6m–
Short-term debtDKK 110.2mDKK 5.9m–
Avg. employees2828–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025196 Late
1 Jan 2024 – 31 Dec 2024196 Late
1 Jan 2023 – 31 Dec 2023182
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021178
1 Jan 2020 – 31 Dec 2020154
1 Jan 2019 – 31 Dec 2019167
1 Jan 2018 – 31 Dec 2018175
1 Feb 2017 – 31 Dec 201767

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
CEOEmil Stigsgaard Fuglsang
BoardNiels Fibæk-JensenCurrent
BoardKim Erik Georg RosenkildeCurrent
BoardMark BlickCurrent
BoardNiels Fibæk-Jensen
BoardStine Mølgaard
BoardHelen Kobæk Larsen
BoardToke Feilberg Friborg
BoardEmil Stigsgaard Fuglsang
BoardSteen Sønderby
BoardToke Feilberg Friborg
BoardMorten Skovfoged Tinggaard
BoardRebecca Homkes
BoardJacob Christian Dahl
BoardJacob Christian Dahl
BoardMorten Skovfoged Tinggaard
Owner (100%)Diginex LimitedCurrent
Owner (100%)Niels Fibæk-Jensen
Owner (33%)Niels Fibæk-Jensen
Owner (33%)ESF Holding ApS
Owner (10%)Arx Holding ApS
Owner (25%)Fibæk-Jensen Holding ApS
Owner (20%)ESF Holding ApS
Owner (5%)SBC FinTech & Security 1618 B.V.
Owner (10%)TBL HOLDING ApS
Owner (10%)TBL HOLDING ApS
Owner (15%)ESF Holding ApS
Owner (10%)Arx Holding ApS
Owner (20%)Fibæk-Jensen Holding ApS
Owner (25%)Nasdaq Technology AB
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorAIDER Godkendt Revisionsaktieselskab
FounderNiels Fibæk-JensenCurrent

The CEOs' other companies

Emil Stigsgaard Fuglsang – 1 other companies

Address history (7 moves)

Frederiksholms Kanal 4, 1., 1220 København K
c/o Woods Augusthus, Amagerfælledvej 106, 2300 København S
Toldbodgade 31, 3., 1253 København K
Hauser Plads 30A, 2., 1127 København K
Nørrebrogade 47, 2., 2200 København N
Njalsgade 19D, 2300 København S
Applebys Plads 7, 1411 København K
Skovtoften 41, 7100 Vejle

Former names

Matter DK ApS – now
Penstable ApS –
Penstable IVS –

Employees per year

Number of employees at Matter DK ApS per year6122017: 020172018: 122018

Other companies at the same address

Similar companies in København

Questions and answers about Matter DK ApS

Has Matter DK ApS gone bankrupt?

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

What is the bankruptcy risk of Matter DK ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the auditor of Matter DK ApS?

Matter DK ApS most recently used EY Godkendt Revisionspartnerselskab.

When was Matter DK ApS founded?

Matter DK ApS was founded on 1 February 2017.

What is the equity of Matter DK ApS?

Equity was DKK -106.9m 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.