Codesquad ApS

CVR 43931660 · Private limited company (ApS) · Active · Low risk

Codesquad ApS is a Private limited company (ApS), founded on , based in Åbyhøj. The company is registered in the industry computerkonsulentbistand og forvaltning af computerfaciliteter. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 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 99k and a net result of DKK 98k. CEO: Anders Tjørnelund, Morten Birkelund Olsen.

Bankruptcy risk for Codesquad ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
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
43931660
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Søren Frichs Vej 36M, 2.
8230 Åbyhøj
Municipality
Aarhus
Industry
Computerkonsulentbistand og forvaltning af computerfaciliteter (622000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio28.6%
Current ratio140%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies1
Other companies at the address18
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 742kDKK -19k
Net profitDKK 98kDKK -19k
EquityDKK 99kDKK 1,187
Total assetsDKK 347kDKK 19k
CashDKK 152k–
Short-term debtDKK 248k–
Tax owedDKK 28k–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202529
1 Jan 2024 – 31 Dec 2024162
17 Mar 2023 – 31 Dec 2023206 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
CEOAnders TjørnelundCurrent
CEOMorten Birkelund OlsenCurrent
Owner (33%)InnoLab Holding ApSCurrent
Owner (50%)Morten Birkelund Holding ApSCurrent
FounderInnoLab Holding ApSCurrent

The CEOs' other companies

Anders Tjørnelund – 10 other companies, of which 1 bankrupt

Morten Birkelund Olsen – 2 other companies

Address history (1 moves)

Søren Frichs Vej 36M, 2., 8230 Åbyhøj
Søren Frichs Vej 36M, 2., 8230 Åbyhøj

Former names

Codesquad ApS – now
Stackwork ApS –

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Codesquad ApS

Has Codesquad ApS gone bankrupt?

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

What is the bankruptcy risk of Codesquad ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Codesquad ApS?

Anders Tjørnelund, Morten Birkelund Olsen are the CEOs of Codesquad ApS.

Who is the auditor of Codesquad ApS?

Codesquad ApS most recently used Beierholm.

When was Codesquad ApS founded?

Codesquad ApS was founded on 17 March 2023.

What is the equity of Codesquad ApS?

Equity was DKK 99k 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.