Frost System Development ApS

CVR 38488112 · Private limited company (ApS) · Active · Low risk

Frost System Development ApS is a Private limited company (ApS), founded on , based in Frederiksberg C. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 664k and a net result of DKK 624k.

Bankruptcy risk for Frost System Development ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
38488112
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Michael Frost, Dr. Abildgaards Alle 9, 2. tv
1955 Frederiksberg C
Municipality
Frederiksberg
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Employees
2 (2018)
Auditor
inforevision statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio63.1%
Current ratio271%
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
Gross profitDKK 1.8mDKK 953k
Net profitDKK 624kDKK 45k
EquityDKK 664kDKK 73k
Total assetsDKK 1.1mDKK 195k
CashDKK 599k–
Short-term debtDKK 388k–
Tax owedDKK 4,404–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · inforevision statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202564
1 Jan 2024 – 31 Dec 2024135
1 Jan 2023 – 31 Dec 202399
1 Jan 2022 – 31 Dec 2022173
1 Jan 2021 – 31 Dec 2021171
1 Jan 2020 – 31 Dec 202081
1 Jan 2019 – 31 Dec 2019175
1 Jan 2018 – 31 Dec 201858
14 Mar 2017 – 31 Dec 2017116

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%)Michael FrostCurrent
FounderMichael FrostCurrent

Address history (0 moves)

c/o Michael Frost, Dr. Abildgaards Alle 9, 2. tv, 1955 Frederiksberg C

Former names

Frost System Development ApS – now
Frost System Development IVS –

Employees per year

Number of employees at Frost System Development ApS per year232017: 320172018: 22018

Similar companies in Frederiksberg

Questions and answers about Frost System Development ApS

Has Frost System Development ApS gone bankrupt?

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

What is the bankruptcy risk of Frost System Development ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the auditor of Frost System Development ApS?

Frost System Development ApS most recently used inforevision statsautoriseret revisionsaktieselskab.

When was Frost System Development ApS founded?

Frost System Development ApS was founded on 14 March 2017.

What is the equity of Frost System Development ApS?

Equity was DKK 664k 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.