Code Mechanics ApS

CVR 39050188 · Private limited company (ApS) · Active · Low risk

Code Mechanics ApS is a Private limited company (ApS), founded on , based in Pandrup. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 8 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 622k and a net result of DKK 128k.

Bankruptcy risk for Code Mechanics ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
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×
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 vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
39050188
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Jacob Buus, Spergelvej 5
9490 Pandrup
Municipality
Jammerbugt
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 8
Missing annual reportNo
Negative equityNo
Equity ratio86.5%
Current ratio376%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -1,188DKK -6,250DKK -6,250
Net profitDKK 128kDKK -71kDKK 398k
EquityDKK 622kDKK 494kDKK 682k
Total assetsDKK 719kDKK 616kDKK 770k
CashDKK 216kDKK 259k–
Short-term debtDKK 97kDKK 123k–
Tax owedDKK 0DKK 0–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025182
1 Jul 2023 – 30 Jun 2024173
1 Jul 2022 – 30 Jun 2023175
1 Jul 2021 – 30 Jun 2022197 Late
1 Jul 2020 – 30 Jun 2021184 Late
1 Jul 2019 – 30 Jun 2020175
1 Jul 2018 – 30 Jun 2019172
19 Oct 2017 – 30 Jun 2018174

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%)Jacob Ravnborg BuusCurrent
FounderJacob Ravnborg BuusCurrent

Address history (2 moves)

c/o Jacob Buus, Spergelvej 5, 9490 Pandrup
c/o Jacob Buus, Eventyrbakken 38, 9240 Nibe
c/o Jacob Buus, Frank Rygårds Vej 14, 1. th, 9400 Nørresundby

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Questions and answers about Code Mechanics ApS

Has Code Mechanics ApS gone bankrupt?

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

What is the bankruptcy risk of Code Mechanics ApS?

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

When was Code Mechanics ApS founded?

Code Mechanics ApS was founded on 19 October 2017.

What is the equity of Code Mechanics ApS?

Equity was DKK 622k 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.