Hvass IT ApS

CVR 42053848 · Private limited company (ApS) · Active · Low risk

Hvass IT ApS is a Private limited company (ApS), founded on , based in Brønshøj. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 5 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 1.3m and a net result of DKK 169k. CEO: Erik Hvass Frandsen.

Bankruptcy risk for Hvass IT ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
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 ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
42053848
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
Mellemvangen 36
2700 Brønshøj
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportNo
Negative equityNo
Equity ratio94.9%
Current ratio1,953%
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
Gross profitDKK -49kDKK -21kDKK 1.2m
Net profitDKK 169kDKK 140kDKK 660k
EquityDKK 1.3mDKK 1.2mDKK 1.2m
Total assetsDKK 1.4mDKK 1.3mDKK 1.4m
CashDKK 59kDKK 251k–
Short-term debtDKK 72kDKK 17k–
Tax owedDKK 51k––
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 202554
1 Jan 2024 – 31 Dec 2024180
1 Jan 2023 – 31 Dec 2023145
1 Jan 2022 – 31 Dec 2022145
20 Jan 2021 – 31 Dec 2021160

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
CEOErik Hvass FrandsenCurrent
Owner (100%)Erik Hvass Frandsen Holding ApSCurrent
FounderErik Hvass Frandsen Holding ApSCurrent

Address history (0 moves)

Mellemvangen 36, 2700 Brønshøj

Other companies at the same address

Similar companies in København

Questions and answers about Hvass IT ApS

Has Hvass IT ApS gone bankrupt?

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

What is the bankruptcy risk of Hvass IT ApS?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Hvass IT ApS?

Erik Hvass Frandsen is the CEO of Hvass IT ApS.

When was Hvass IT ApS founded?

Hvass IT ApS was founded on 20 January 2021.

What is the equity of Hvass IT ApS?

Equity was DKK 1.3m 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.