We Do Frames ApS

CVR 45411540 · Private limited company (ApS) · Active · Very high risk

We Do Frames ApS is a Private limited company (ApS), founded on , based in Aarhus N. The company is registered in the industry detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n.. Our model estimates a bankruptcy risk of 10.9% over the next 12 months, which is 7.7 times the average for Danish companies. 1 annual report has been published. The latest annual report (31 Dec 2025) shows equity of DKK -42k and a net result of DKK -82k. CEO: Martins Dubrovskis.

Bankruptcy risk for We Do Frames ApS

10.9%
probability of bankruptcy within 12 months
Very high risk

7.7 × the average (1.41%) · higher risk than 97% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)1 yrs · bankruptcy rate 21.6%2.5×
Published annual reports1 · bankruptcy rate 18.7%2.1×
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×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×

Reduces the risk

Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×
Missed filing deadlines0 · bankruptcy rate 7.1%0.81×
CEO's other companies4–10 · bankruptcy rate 7.6%0.87×

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
45411540
Status
Active
Company type
Private limited company (ApS)
Founded
(1 years)
Address
c/o Nethart, P.O. Pedersens Vej 2
8200 Aarhus N
Municipality
Aarhus
Industry
Detailhandel med boligtekstiler, belysnings- og husholdningsartikler i.a.n. (475590)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 1
Missing annual reportNo
Negative equityYes
Equity ratio-30.6%
Current ratio76%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address59
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
Gross profitDKK -80k
Net profitDKK -82k
EquityDKK -42k
Total assetsDKK 139k
CashDKK 111k
Short-term debtDKK 181k
Avg. employees1

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

Filed annual reports

Reporting periodPublishedDays after period end
19 Feb 2025 – 31 Dec 2025168

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
CEOMartins DubrovskisCurrent
Owner (100%)Nethart Holding ApSCurrent
FounderNethart Holding ApSCurrent

The CEOs' other companies

Martins Dubrovskis – 5 other companies, of which 2 bankrupt

Address history (1 moves)

c/o Nethart, P.O. Pedersens Vej 2, 8200 Aarhus N
P.O. Pedersens Vej 2, 8200 Aarhus N

Other companies at the same address

Similar companies in Aarhus

Questions and answers about We Do Frames ApS

Has We Do Frames ApS gone bankrupt?

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

What is the bankruptcy risk of We Do Frames ApS?

Our model estimates a bankruptcy risk of 10.9% over the next 12 months (very high risk), which is 7.7 times the average for Danish companies.

Who is the CEO of We Do Frames ApS?

Martins Dubrovskis is the CEO of We Do Frames ApS.

When was We Do Frames ApS founded?

We Do Frames ApS was founded on 19 February 2025.

What is the equity of We Do Frames ApS?

Equity was DKK -42k 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.