GRACE DEVELOPMENT ApS

CVR 44041626 · Private limited company (ApS) · Active · Low risk

GRACE DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Middelfart. The company is registered in the industry opførelse af bygninger. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 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 34k and a net result of DKK 3,433. CEO: Thomas Friis.

Bankruptcy risk for GRACE DEVELOPMENT ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% 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×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
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×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
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
44041626
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Kåsvej 24
5500 Middelfart
Municipality
Middelfart
Industry
Opførelse af bygninger (410000)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio99.1%
Current ratio10,580%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 4,752DKK 10kDKK -15k
Net profitDKK 3,433DKK 5,876DKK -15k
EquityDKK 34kDKK 31kDKK 25k
Total assetsDKK 35kDKK 31kDKK 28k
CashDKK 24kDKK 23k–
Short-term debtDKK 328DKK 5–
Tax owedDKK 328––
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202579
1 Jan 2024 – 31 Dec 2024112
5 May 2023 – 31 Dec 2023185 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
CEOThomas FriisCurrent
Owner (100%)Thomas FriisCurrent
FounderThomas FriisCurrent

Address history (0 moves)

Kåsvej 24, 5500 Middelfart

Other companies at the same address

Similar companies in Middelfart

Questions and answers about GRACE DEVELOPMENT ApS

Has GRACE DEVELOPMENT ApS gone bankrupt?

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

What is the bankruptcy risk of GRACE DEVELOPMENT ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of GRACE DEVELOPMENT ApS?

Thomas Friis is the CEO of GRACE DEVELOPMENT ApS.

When was GRACE DEVELOPMENT ApS founded?

GRACE DEVELOPMENT ApS was founded on 5 May 2023.

What is the equity of GRACE DEVELOPMENT ApS?

Equity was DKK 34k 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.