JointFlow ApS

CVR 39805421 · Private limited company (ApS) · Active · Low risk

JointFlow ApS is a Private limited company (ApS), founded on , based in Vedbæk. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 7 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -33k and a net result of DKK -13k. CEO: Mikael Lüthje, Michael John Welch.

Bankruptcy risk for JointFlow ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% 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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
RegionHovedstaden · bankruptcy rate 11.6%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 CEOs2 · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Age (years)5–10 yrs · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
39805421
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Sandbjergvej 36
2950 Vedbæk
Municipality
Rudersdal
Industry
Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Share capital
DKK 50k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-2,385.4%
Current ratio4%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 0DKK 22kDKK 0
Gross profitDKK -13kDKK 5,114DKK -60k
Net profitDKK -13kDKK 5,114DKK -61k
EquityDKK -33kDKK -19kDKK -24k
Total assetsDKK 1,368DKK 15kDKK 9,665
CashDKK 1,368DKK 15k–
Short-term debtDKK 34kDKK 34k–

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 2025145
1 Jan 2024 – 31 Dec 2024159
1 Jan 2023 – 31 Dec 2023154
1 Jan 2022 – 31 Dec 2022169
1 Jan 2021 – 31 Dec 2021168
1 Jan 2020 – 31 Dec 2020180
23 Aug 2018 – 31 Dec 2019244 Late

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
CEOMikael LüthjeCurrent
CEOMichael John WelchCurrent
Owner (50%)LÜTHJE HOLDING APSCurrent
Owner (50%)MICHAEL WELCH HOLDING APSCurrent
Owner (50%)Luthje Holding IVS
Owner (50%)Michael Welch Holding IVS
Owner (50%)Mikael Lüthje
Owner (50%)Michael John Welch
FounderLuthje Holding IVSCurrent
FounderMichael Welch Holding IVSCurrent

The CEOs' other companies

Mikael Lüthje – 2 other companies

Michael John Welch – 2 other companies

Address history (0 moves)

Sandbjergvej 36, 2950 Vedbæk

Other companies at the same address

Similar companies in Rudersdal

Questions and answers about JointFlow ApS

Has JointFlow ApS gone bankrupt?

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

What is the bankruptcy risk of JointFlow ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of JointFlow ApS?

Mikael Lüthje, Michael John Welch are the CEOs of JointFlow ApS.

When was JointFlow ApS founded?

JointFlow ApS was founded on 23 August 2018.

What is the equity of JointFlow ApS?

Equity was DKK -33k 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.