The Lexsee Reading Company ApS

CVR 44021242 · Private limited company (ApS) · Active · Very high risk

The Lexsee Reading Company ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry anden udgivelse af software. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -1.1m and a net result of DKK -528k. CEO: Keith David Saft.

Bankruptcy risk for The Lexsee Reading Company ApS

7.8%
probability of bankruptcy within 12 months
Very high risk

5.6 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
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×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×

Reduces the risk

Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Registered owners3 · bankruptcy rate 6.2%0.71×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Capital changes1 · 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
44021242
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Havneholmen 62, 1. th
1561 København V
Municipality
København
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 42k
Auditor
Baker Tilly Denmark
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-315.0%
Current ratio73%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address8
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 193kDKK 206kDKK 169k
Net profitDKK -528kDKK -618kDKK -32k
EquityDKK -1.1mDKK -608kDKK 8,159
Total assetsDKK 361kDKK 621kDKK 24k
CashDKK 358kDKK 620k–
Short-term debtDKK 497kDKK 228k–
Avg. employees22–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202583
1 Jan 2024 – 31 Dec 2024135
28 Apr 2023 – 31 Dec 2023134

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
CEOKeith David SaftCurrent
Owner (33%)J27 Holding ApSCurrent
Owner (33%)J14R ApSCurrent
Owner (33%)White Wall Holdings UG (haftungsbeschränkt)Current
Owner (50%)Benjamin Jay Keyser
FounderJ27 Holding ApSCurrent

The CEOs' other companies

Keith David Saft – 2 other companies

Address history (0 moves)

Havneholmen 62, 1. th, 1561 København V

Former names

The Lexsee Reading Company ApS – now
Through Line ai ApS –

Other companies at the same address

Similar companies in København

Questions and answers about The Lexsee Reading Company ApS

Has The Lexsee Reading Company ApS gone bankrupt?

No, The Lexsee Reading Company ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of The Lexsee Reading Company ApS?

Our model estimates a bankruptcy risk of 7.8% over the next 12 months (very high risk), which is 5.6 times the average for Danish companies.

Who is the CEO of The Lexsee Reading Company ApS?

Keith David Saft is the CEO of The Lexsee Reading Company ApS.

Who is the auditor of The Lexsee Reading Company ApS?

The Lexsee Reading Company ApS most recently used Baker Tilly Denmark.

When was The Lexsee Reading Company ApS founded?

The Lexsee Reading Company ApS was founded on 28 April 2023.

What is the equity of The Lexsee Reading Company ApS?

Equity was DKK -1.1m 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.