FirstForm ApS

CVR 39777568 · Private limited company (ApS) · Active · Low risk

FirstForm ApS is a Private limited company (ApS), founded on , based in Esbjerg V. The company is registered in the industry fremstilling af instrumenter og udstyr til måling, afprøvning og navigation. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 7 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 36k and a net result of DKK 18k.

Bankruptcy risk for FirstForm ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%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×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
39777568
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Daniel Erik Lübker, Erisvænget 47
6710 Esbjerg V
Municipality
Esbjerg
Industry
Fremstilling af instrumenter og udstyr til måling, afprøvning og navigation (265100)
Bankruptcies in the industry: Fremstilling af udstyr til måling, afprøvning, navigation og kontrol
Share capital
DKK 80k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio55.7%
Current ratio226%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 41kDKK 571DKK -13k
Net profitDKK 18kDKK -5,561DKK -32k
EquityDKK 36kDKK -12kDKK -6,347
Total assetsDKK 65kDKK 60kDKK 56k
CashDKK 18kDKK 12k–
Short-term debtDKK 29kDKK 72k–
Avg. employees10–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023181
1 Jan 2022 – 31 Dec 2022178
1 Jan 2021 – 31 Dec 2021177
1 Jan 2020 – 31 Dec 2020145
12 Aug 2018 – 31 Dec 2019164

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
CEODaniel Erik Lübker
Owner (100%)TechWare Holding ApSCurrent
Owner (50%)Jeppe Olander ApS
Owner (50%)TechWare Holding ApS
FounderJeppe Olander ApSCurrent

The CEOs' other companies

Daniel Erik Lübker – 2 other companies

Address history (2 moves)

c/o Daniel Erik Lübker, Erisvænget 47, 6710 Esbjerg V
c/o Jeppe Olander, Haraldsgade 48, 6700 Esbjerg
Skjoldsgade 96, 3. 1, 6700 Esbjerg

Former names

FirstForm ApS – now
FirstForm IVS –
Olander Design IVS –

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about FirstForm ApS

Has FirstForm ApS gone bankrupt?

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

What is the bankruptcy risk of FirstForm ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

When was FirstForm ApS founded?

FirstForm ApS was founded on 12 August 2018.

What is the equity of FirstForm ApS?

Equity was DKK 36k 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.