Line Systems ApS
CVR 42400491 · Private limited company (ApS) · Active · Medium risk
Line Systems ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 5 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -2.8m and a net result of DKK -3.0m. CEO: Simon Madsen, Martin Johannesen.
Bankruptcy risk for Line Systems ApS
1.6 × the average (1.41%) · higher risk than 84% of active Danish companies
Increases the risk
Reduces the risk
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
- 42400491
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (5 years)
- Address
- Bredgade 45C, 3.
1260 København K - Municipality
- København
- Industry
- Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi - Share capital
- DKK 40k
- Auditor
- Vedbæk Revision, Registreret Revisionsfirma FSR
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 5 of 5 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -92.4% |
| Current ratio | 52% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 1 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 77 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 468k | DKK 3.7m | DKK 5.3m |
| Net profit | DKK -3.0m | DKK -289k | DKK 389k |
| Equity | DKK -2.8m | DKK 188k | DKK 776k |
| Total assets | DKK 3.0m | DKK 2.9m | DKK 1.9m |
| Cash | DKK 163k | DKK 574k | – |
| Short-term debt | DKK 5.8m | DKK 2.7m | – |
| Tax owed | – | DKK 0 | – |
| Avg. employees | 6 | 7 | – |
Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Vedbæk Revision, Registreret Revisionsfirma FSR.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 194 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 201 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 191 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 192 | Late | |
| 20 May 2021 – 31 Dec 2021 | 186 | 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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Simon Madsen | Current | |
| CEO | Martin Johannesen | Current | |
| Owner (50%) | Lighthaus Copenhagen ApS | Current | |
| Owner (33%) | Bluewater Holding ApS | Current | |
| Owner (100%) | Lighthaus Copenhagen ApS | ||
| Owner (50%) | Bluewater Holding ApS | ||
| Founder | Lighthaus Copenhagen ApS | Current |
The CEOs' other companies
Simon Madsen – 2 other companies
- Line Studio ApS Active
- PlatoScience ApS Active
Address history (3 moves)
| Bredgade 45C, 3., 1260 København K | |
| c/o Female Founders House, Bredgade 45, 1260 København K | |
| Frydenlundsvej 30, 2950 Vedbæk | |
| Slejpnersgade 10, st. tv, 2200 København N |
Other companies at the same address
- Lexly ApS Bankrupt
- Mortalem ApS Bankrupt
- OpenRecruit ApS Bankrupt
- Selskabet af 23.08.2004 ApS Bankrupt
- 11 ApS Active
- ARBEJDSMILJØFORLAGET ApS Compulsorily dissolved
- Advokatanpartsholdingselskabet Dammark LAW ApS Active
- Advokatanpartsholdingselskabet Elinor Investh ApS Active
- Advokatanpartsholdingselskabet MegaHertz ApS. Active
- Advokatanpartsselskabet Bjørst Active
- Advokatanpartsselskabet Invictus Active
- Advokatanpartsselskabet Inviva Active
- Advokatanpartsselskabet Riewe 2018 Active
- Arbejdsmiljøforlaget ApS Active
- Arbejdsmiljøforlaget ApS Fusioneret
- BB HOLDING AF 1. 7. 2009 ApS Fusioneret
- Becunia Group ApS Active
- BØGH HANSENS VINIMPORT ApS Compulsorily dissolved
- COGNIZANT TECHNOLOGY SOLUTIONS DENMARK ApS Active
- COREPARTNER ApS Active
- Contributors Consulting Nordic ApS Active
- DANICA CONSULT A/S Opløst
- Denmark Radio ApS Active
- Forlaget EverBooks ApS Fusioneret
- Greater Copenhagen Operations ApS Active
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Questions and answers about Line Systems ApS
Has Line Systems ApS gone bankrupt?
No, Line Systems ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Line Systems ApS?
Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.
Who is the CEO of Line Systems ApS?
Simon Madsen, Martin Johannesen are the CEOs of Line Systems ApS.
Who is the auditor of Line Systems ApS?
Line Systems ApS most recently used Vedbæk Revision, Registreret Revisionsfirma FSR.
When was Line Systems ApS founded?
Line Systems ApS was founded on 20 May 2021.
What is the equity of Line Systems ApS?
Equity was DKK -2.8m 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.