Digital Fireworks ApS

CVR 43695355 · Private limited company (ApS) · Active · Medium risk

Digital Fireworks ApS is a Private limited company (ApS), founded on , based in Bagsværd. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 3 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 360k and a net result of DKK 51k. CEO: Fredrik Simon Engelhart Nannestad.

Bankruptcy risk for Digital Fireworks ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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×
Gross profit growth-30%–-10% · bankruptcy rate 6.3%0.71×
Equity vs. share capital2–5× · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
43695355
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Højgårds Vænge 26
2880 Bagsværd
Municipality
Gladsaxe
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 80k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio48.6%
Current ratio104%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.1mDKK 1.4mDKK 1.0m
Net profitDKK 51kDKK 61kDKK 168k
EquityDKK 360kDKK 309kDKK 248k
Total assetsDKK 741kDKK 589kDKK 1.3m
CashDKK 40kDKK 84k–
Short-term debtDKK 298kDKK 213k–
Tax owedDKK 0DKK 8,690–
Avg. employees32–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025185 Late
1 Jan 2024 – 31 Dec 2024182
8 Dec 2022 – 31 Dec 2023172

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
CEOFredrik Simon Engelhart NannestadCurrent
CEOMikkel Winther
Owner (100%)Snowfall Holding ApSCurrent
Owner (50%)Snowfall Holding ApS
Owner (50%)NextGen Holding ApS
Owner (100%)Snowfall Holding ApS
Owner (10%)Rasmus Hallberg Nørskov
Owner (33%)RUNNING26 ApS
Owner (50%)Snowfall Holding ApS
Owner (50%)RUNNING26 ApS
FounderSnowfall Holding ApSCurrent
FounderNextGen Holding ApSCurrent

The CEOs' other companies

Fredrik Simon Engelhart Nannestad – 1 other companies

Mikkel Winther – 1 other companies

Address history (0 moves)

Højgårds Vænge 26, 2880 Bagsværd

Other companies at the same address

Similar companies in Gladsaxe

Questions and answers about Digital Fireworks ApS

Has Digital Fireworks ApS gone bankrupt?

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

What is the bankruptcy risk of Digital Fireworks ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of Digital Fireworks ApS?

Fredrik Simon Engelhart Nannestad is the CEO of Digital Fireworks ApS.

When was Digital Fireworks ApS founded?

Digital Fireworks ApS was founded on 8 December 2022.

What is the equity of Digital Fireworks ApS?

Equity was DKK 360k 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.