XERO DENMARK A/S

CVR 42690562 · Public limited company (A/S) · Active · Medium risk

XERO DENMARK A/S is a Public limited company (A/S), founded on , based in København K. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 5 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Mar 2026) shows equity of DKK 789k and a net result of DKK 96k. CEO: Mikkel Petersen.

Bankruptcy risk for XERO DENMARK A/S

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
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

Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Company typeA/S · bankruptcy rate 4.4%0.50×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
42690562
Status
Active
Company type
Public limited company (A/S)
Founded
(5 years)
Address
Kuglegårdsvej 7
1434 København K
Municipality
København
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 400k
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 5
Missing annual reportNo
Negative equityNo
Equity ratio66.3%
Current ratio296%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK 148kDKK 138k–
Net profitDKK 96kDKK 103kDKK 14k
EquityDKK 789kDKK 693kDKK 587k
Total assetsDKK 1.2mDKK 855kDKK 1.1m
CashDKK 348kDKK 170k–
Short-term debtDKK 402kDKK 162k–
Avg. employees2––

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026190 Late
1 Apr 2024 – 31 Mar 2025182
1 Apr 2023 – 31 Mar 2024179
1 Apr 2022 – 31 Mar 2023187 Late
17 Sep 2021 – 31 Mar 2022204 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
CEOMikkel PetersenCurrent
CEODeborah Mary Causebrook
CEOChristopher Lawrence Blaine
CEOMartin Krogstad Andersen
BoardRebecca Jane SmallCurrent
BoardMikkel PetersenCurrent
BoardClaire Louise FullardCurrent
BoardKate Ann HaywardCurrent
BoardBirgitte Pihl
BoardChristian Brøndum
BoardKirsty Vanora Godfrey-Billy
BoardAlexander Franz Von Schirmeister
BoardChristopher Lawrence Blaine
BoardAshley Hansen Grech
BoardMartin Krogstad Andersen
BoardAshley Hansen Grech
BoardAlexander Franz Von Schirmeister
BoardClaire Louise Fullard
Owner (100%)Xero Ltd.Current
AuditorEY Godkendt Revisionspartnerselskab
FounderXero Ltd.Current

The CEOs' other companies

Mikkel Petersen – 1 other companies

Christopher Lawrence Blaine – 1 other companies

Martin Krogstad Andersen – 1 other companies

Address history (1 moves)

Kuglegårdsvej 7, 1434 København K
Kuglegårdsvej 7, 1434 København K

Other companies at the same address

Similar companies in København

Questions and answers about XERO DENMARK A/S

Has XERO DENMARK A/S gone bankrupt?

No, XERO DENMARK A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of XERO DENMARK A/S?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of XERO DENMARK A/S?

Mikkel Petersen is the CEO of XERO DENMARK A/S.

When was XERO DENMARK A/S founded?

XERO DENMARK A/S was founded on 17 September 2021.

What is the equity of XERO DENMARK A/S?

Equity was DKK 789k according to the annual report for the period ending 31 March 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.