ITMASTER ApS

CVR 38473891 · Private limited company (ApS) · Active · Medium risk

ITMASTER ApS is a Private limited company (ApS), founded on , based in Esbjerg V. The company is registered in the industry it-infrastruktur, databehandling, hosting og relaterede aktiviteter. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 9 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 42k and a net result of DKK 17k.

Bankruptcy risk for ITMASTER 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

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
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×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Capital changes3+ · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
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
38473891
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Bødkervej 1
6710 Esbjerg V
Municipality
Esbjerg
Industry
IT-infrastruktur, databehandling, hosting og relaterede aktiviteter (631000)
Bankruptcies in the industry: Webportaler
Share capital
DKK 43k
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityNo
Equity ratio100.0%
Current ratio–
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Revenue–DKK 116k
Gross profitDKK 21kDKK -19k
Net profitDKK 17kDKK -62k
EquityDKK 42kDKK 25k
Total assetsDKK 42kDKK 25k
CashDKK 13k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025185 Late
1 Jul 2023 – 30 Jun 2024186 Late
1 Jul 2022 – 30 Jun 2023183
1 Jul 2021 – 30 Jun 2022185 Late
20 Jun 2020 – 30 Jun 2021104
20 Jun 2019 – 19 Jun 2020168
20 Jun 2018 – 19 Jun 2019157
20 Jun 2017 – 19 Jun 2018154
10 Mar 2017 – 19 Jun 2017157

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
CEOAlexander Bundgaard Matzen
BoardJonas Hansen
BoardAlexander Bundgaard Matzen
BoardNikolaj Turan Rasch
BoardJonas Hansen
BoardJonas Turan Rasch
BoardMartin Lilleholt Frederiksen
Owner (10%)Martin Lilleholt FrederiksenCurrent
Owner (90%)ICEBOX HOLDING ApSCurrent
Owner (50%)Jonas Hansen
Owner (20%)Alexander Bundgaard Matzen
Owner (20%)Jackie Phuoc Nguyen Skarby Ottosen
Owner (90%)Jonas Hansen
FounderJonas HansenCurrent

Address history (2 moves)

Bødkervej 1, 6710 Esbjerg V
Tømrervej 3, 6800 Varde
Egevej 7, 6800 Varde

Former names

ITMASTER ApS – now
Infrequent Group IVS –
Infrequent IVS –

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about ITMASTER ApS

Has ITMASTER ApS gone bankrupt?

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

What is the bankruptcy risk of ITMASTER 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.

When was ITMASTER ApS founded?

ITMASTER ApS was founded on 1 March 2017.

What is the equity of ITMASTER ApS?

Equity was DKK 42k according to the annual report for the period ending 30 June 2025.

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