Recode ApS

CVR 41551569 · Private limited company (ApS) · Active · Low risk

Recode ApS is a Private limited company (ApS), founded on , based in Frederiksberg. The company is registered in the industry administrations- og kontorserviceaktiviteter. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.1m and a net result of DKK -466k.

Bankruptcy risk for Recode ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% 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×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
RegionHovedstaden · bankruptcy rate 11.6%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

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · 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
41551569
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
c/o Patrick Frick, Emanuel Olsens Vej 2
2000 Frederiksberg
Municipality
Frederiksberg
Industry
Administrations- og kontorserviceaktiviteter (821000)
Bankruptcies in the industry: Kombinerede administrationsserviceydelser
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio47.0%
Current ratio1,532%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 57kDKK 904k
Net profitDKK -466kDKK 315k
EquityDKK 1.1mDKK 1.7m
Total assetsDKK 2.4mDKK 3.1m
CashDKK 1.3m–
Short-term debtDKK 92k–
Tax owedDKK 0–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202585
1 Jan 2024 – 31 Dec 202471
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022130
30 Jul 2020 – 31 Dec 2021167

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%)Patrick FrickCurrent
FounderUlrik Fleischer-MichaelsenCurrent

Address history (2 moves)

c/o Patrick Frick, Emanuel Olsens Vej 2, 2000 Frederiksberg
c/o Patrick Frick, Laurids Bings Alle 14, 2000 Frederiksberg
c/o 360 Law Firm, Gammel Kongevej 60, 1850 Frederiksberg C

Former names

Recode ApS – now
The Value Web ApS –

Similar companies in Frederiksberg

Questions and answers about Recode ApS

Has Recode ApS gone bankrupt?

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

What is the bankruptcy risk of Recode ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

When was Recode ApS founded?

Recode ApS was founded on 30 July 2020.

What is the equity of Recode ApS?

Equity was DKK 1.1m 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.