Modspil ApS

CVR 38914340 · Private limited company (ApS) · Active · Low risk

Modspil ApS is a Private limited company (ApS), founded on , based in Skanderborg. The company is registered in the industry fremstilling af spil og legetøj. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 8 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 127k and a net result of DKK -6,085. CEO: Kristine Nørgaard Nielsen.

Bankruptcy risk for Modspil 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

Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of auditors (historical)1 · 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
38914340
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Admiraltoften 21
8660 Skanderborg
Municipality
Skanderborg
Industry
Fremstilling af spil og legetøj (324000)
Bankruptcies in the industry: Fremstilling af medicinske og dentale instrumenter samt udstyr hertil
Share capital
DKK 50k
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 8
Missing annual reportNo
Negative equityNo
Equity ratio72.3%
Current ratio361%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -6,481DKK 102kDKK -15k
Net profitDKK -6,085DKK 78kDKK -11k
EquityDKK 127kDKK 133kDKK 55k
Total assetsDKK 176kDKK 218kDKK 75k
CashDKK 174kDKK 216k–
Short-term debtDKK 49kDKK 85k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025114
1 Jan 2024 – 31 Dec 2024112
1 Jan 2023 – 31 Dec 2023118
1 Jan 2022 – 31 Dec 2022107
1 Jan 2021 – 31 Dec 2021147
1 Jan 2020 – 31 Dec 2020174
1 Jan 2019 – 31 Dec 2019118
4 Sep 2017 – 31 Dec 2018148

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
CEOKristine Nørgaard NielsenCurrent
Owner (100%)DREAMWORKER HOLDING ApSCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderDREAMWORKER HOLDING ApSCurrent

The CEOs' other companies

Kristine Nørgaard Nielsen – 3 other companies

Address history (3 moves)

Admiraltoften 21, 8660 Skanderborg
Admiraltoften 21, 8660 Skanderborg
Rådyrvej 19, 8660 Skanderborg
Mustrupvej 139, 8320 Mårslet

Former names

Modspil ApS – now
Free Way ApS –

Other companies at the same address

Questions and answers about Modspil ApS

Has Modspil ApS gone bankrupt?

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

What is the bankruptcy risk of Modspil 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 CEO of Modspil ApS?

Kristine Nørgaard Nielsen is the CEO of Modspil ApS.

Who is the auditor of Modspil ApS?

Modspil ApS most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was Modspil ApS founded?

Modspil ApS was founded on 4 September 2017.

What is the equity of Modspil ApS?

Equity was DKK 127k 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.