Fri BikeShop Frederikshavn ApS

CVR 43037013 · Private limited company (ApS) · Active · High risk

Fri BikeShop Frederikshavn ApS is a Private limited company (ApS), founded on , based in Skagen. The company is registered in the industry detailhandel med cykler. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 4 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -982k and a net result of DKK -200k. CEO: Michael Kjær Andersen.

Bankruptcy risk for Fri BikeShop Frederikshavn ApS

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×

Reduces the risk

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionNordjylland · bankruptcy rate 6.5%0.74×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
43037013
Status
Active
Company type
Private limited company (ApS)
Founded
(4 years)
Address
Kavallerivej 5
9990 Skagen
Municipality
Frederikshavn
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-48.9%
Current ratio63%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.4mDKK 1.4mDKK 1.2m
Net profitDKK -200kDKK -100kDKK -194k
EquityDKK -982kDKK -782kDKK -682k
Total assetsDKK 2.0mDKK 2.2mDKK 2.9m
CashDKK 3,559DKK 1,710–
Short-term debtDKK 2.9mDKK 2.8m–
Avg. employees33–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025189 Late
1 Jan 2024 – 31 Dec 2024201 Late
1 Jan 2023 – 31 Dec 2023184 Late
2 Feb 2022 – 31 Dec 2022213 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
CEOMichael Kjær AndersenCurrent
Owner (100%)MA Holding Skagen ApSCurrent
FounderMA Holding Skagen ApSCurrent

The CEOs' other companies

Michael Kjær Andersen – 4 other companies, of which 1 bankrupt

Address history (1 moves)

Kavallerivej 5, 9990 Skagen
Fiskergangen 10, 9990 Skagen

Other companies at the same address

Similar companies in Frederikshavn

Questions and answers about Fri BikeShop Frederikshavn ApS

Has Fri BikeShop Frederikshavn ApS gone bankrupt?

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

What is the bankruptcy risk of Fri BikeShop Frederikshavn ApS?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of Fri BikeShop Frederikshavn ApS?

Michael Kjær Andersen is the CEO of Fri BikeShop Frederikshavn ApS.

Who is the auditor of Fri BikeShop Frederikshavn ApS?

Fri BikeShop Frederikshavn ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Fri BikeShop Frederikshavn ApS founded?

Fri BikeShop Frederikshavn ApS was founded on 2 February 2022.

What is the equity of Fri BikeShop Frederikshavn ApS?

Equity was DKK -982k 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.