Frontliners ApS

CVR 38865366 · Private limited company (ApS) · Active · Medium risk

Frontliners ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 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 -1.6m and a net result of DKK 1.2m. CEO: Danny Fogel.

Bankruptcy risk for Frontliners ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
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×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Capital changes3+ · bankruptcy rate 6.2%0.70×

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
38865366
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Flæsketorvet 68, 1.
1711 København V
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 68k
Employees
1 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-158.6%
Current ratio97%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address379
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 321kDKK 211kDKK 1.3m
Net profitDKK 1.2mDKK -617kDKK -38k
EquityDKK -1.6mDKK -2.8mDKK -2.2m
Total assetsDKK 986kDKK 1.3mDKK 1.2m
CashDKK 63kDKK 8,066–
Short-term debtDKK 125kDKK 4.1m–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020169
1 Jan 2019 – 31 Dec 2019279 Late
1 Jan 2018 – 31 Dec 2018177
17 Aug 2017 – 31 Dec 2017162

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
CEODanny FogelCurrent
Owner (67%)SLNS Invest ApSCurrent
Owner (20%)ITELBA ApSCurrent
Owner (100%)SLF INVEST ApS
Owner (5%)Musketeer Invest Holding IVS
Owner (10%)VRH IVS
Owner (10%)Itelba Consulting ApS
Owner (20%)Itelba Consulting ApS
AuditorDR CPH A/S
Auditorinforevision statsautoriseret revisionsaktieselskab
FounderSLF INVEST ApSCurrent

The CEOs' other companies

Danny Fogel – 13 other companies, of which 5 bankrupt

Address history (3 moves)

Flæsketorvet 68, 1., 1711 København V
c/o Danny Fabricius Fogel, Hollændervej 28, st. mf, 1855 Frederiksberg C
c/o Spaces, 227, Ny Carlsberg Vej 82, 2., 1799 København V
Gammel Mønt 4, 4., 1117 København K

Former names

Frontliners ApS – now
Optisquare ApS –

Employees per year

Number of employees at Frontliners ApS per year112018: 12018

Other companies at the same address

Similar companies in København

Questions and answers about Frontliners ApS

Has Frontliners ApS gone bankrupt?

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

What is the bankruptcy risk of Frontliners ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Frontliners ApS?

Danny Fogel is the CEO of Frontliners ApS.

When was Frontliners ApS founded?

Frontliners ApS was founded on 17 August 2017.

What is the equity of Frontliners ApS?

Equity was DKK -1.6m 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.