Frichs Pyrolysis ApS

CVR 40922865 · Private limited company (ApS) · Active · Very high risk

Frichs Pyrolysis ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry fremstilling af elektriske motorer, generatorer og transformatorer. Our model estimates a bankruptcy risk of 7.2% over the next 12 months, which is 5.1 times the average for Danish companies. 6 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 11.2m and a net result of DKK -26.8m. CEO: Niels Bojsen.

Bankruptcy risk for Frichs Pyrolysis ApS

7.2%
probability of bankruptcy within 12 months
Very high risk

5.1 × the average (1.41%) · higher risk than 95% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Auditor's statementAudit · bankruptcy rate 5.8%0.66×
Has a boardYes · bankruptcy rate 6.0%0.68×

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
40922865
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Egeskovvej 3
8700 Horsens
Municipality
Horsens
Industry
Fremstilling af elektriske motorer, generatorer og transformatorer (271100)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 1.5m
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late3 of 6
Missing annual reportNo
Negative equityNo
Equity ratio15.5%
Current ratio137%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -15.1mDKK -10.4mDKK 2.9m
Net profitDKK -26.8mDKK -20.1mDKK -8.8m
EquityDKK 11.2mDKK -4.1mDKK 5.0m
Total assetsDKK 72.2mDKK 45.4mDKK 29.9m
Cash–DKK 0–
Short-term debtDKK 52.1mDKK 32.8m–
Avg. employees2421–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023106
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021189 Late
11 Nov 2019 – 31 Dec 2020194 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
CEONiels BojsenCurrent
CEOOve Kudahl Munch
CEOSøren Bruun
BoardNiels BojsenCurrent
BoardJytte RosenmajCurrent
BoardPalle Andersen
BoardOve Kudahl Munch
Owner (10%)OLESMINDE LANDBRUG ApSCurrent
Owner (67%)IA Invest Holding ApSCurrent
Owner (100%)FRICHS HOLDING A/S
Owner (100%)Frichs Holding 2 ApS
Owner (33%)SPRINGKILDE ÆG P/S:
Owner (50%)Frichs Holding 2 ApS
Owner (25%)SPRINGKILDE ÆG P/S:
Owner (10%)IA Invest Holding ApS
Owner (15%)IA Invest Holding ApS
Owner (20%)SPRINGKILDE ÆG P/S:
Owner (25%)IA Invest Holding ApS
Owner (33%)Frichs Holding 2 ApS
Owner (5%)Nynne Nyboe Andersen
Owner (10%)SPRINGKILDE ÆG P/S:
Owner (50%)IA Invest Holding ApS
Owner (25%)Frichs Holding 2 ApS
Owner (20%)Frichs Holding 2 ApS
Owner (5%)SPRINGKILDE ÆG P/S:
Owner (67%)IA Invest Holding ApS
Owner (10%)Frichs Holding 2 ApS
Owner (5%)Frichs Holding 2 ApS
Owner (90%)IA Invest Holding ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorLEIF MIKKELSEN & PARTNERE A/S
FounderFRICHS HOLDING A/SCurrent

The CEOs' other companies

Niels Bojsen – 7 other companies, of which 2 bankrupt

Ove Kudahl Munch – 14 other companies, of which 2 bankrupt

Address history (2 moves)

Egeskovvej 3, 8700 Horsens
Sverigesvej 14, 8700 Horsens
Sverigesvej 16, 8700 Horsens

Former names

Frichs Pyrolysis ApS – now
Frichs Pyrolises ApS –

Other companies at the same address

Similar companies in Horsens

Questions and answers about Frichs Pyrolysis ApS

Has Frichs Pyrolysis ApS gone bankrupt?

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

What is the bankruptcy risk of Frichs Pyrolysis ApS?

Our model estimates a bankruptcy risk of 7.2% over the next 12 months (very high risk), which is 5.1 times the average for Danish companies.

Who is the CEO of Frichs Pyrolysis ApS?

Niels Bojsen is the CEO of Frichs Pyrolysis ApS.

Who is the auditor of Frichs Pyrolysis ApS?

Frichs Pyrolysis ApS most recently used Beierholm Godkendt Revisionspartnerselskab.

When was Frichs Pyrolysis ApS founded?

Frichs Pyrolysis ApS was founded on 11 November 2019.

What is the equity of Frichs Pyrolysis ApS?

Equity was DKK 11.2m 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.