FLEX A/S

CVR 67659619 · Public limited company (A/S) · Active · Low risk

FLEX A/S is a Public limited company (A/S), founded on , based in Hvidovre. The company is registered in the industry køb og salg af egen fast ejendom. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 146.6m and a net result of DKK -15.3m. CEO: Nikolaj Hviid Schwartz.

Bankruptcy risk for FLEX A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
67659619
Status
Active
Company type
Public limited company (A/S)
Founded
(44 years)
Address
Svend Aagesens Alle 10B
2650 Hvidovre
Municipality
Hvidovre
Industry
Køb og salg af egen fast ejendom (681100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 500k
Employees
1 (2001)
Auditor
PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late10 of 31
Missing annual reportNo
Negative equityNo
Equity ratio81.9%
Current ratio451%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address38
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -4.4mDKK -3.5mDKK -3.4m
Net profitDKK -15.3mDKK 7.7mDKK 9.8m
EquityDKK 146.6mDKK 161.9mDKK 154.2m
Total assetsDKK 178.9mDKK 194.4mDKK 171.0m
CashDKK 43kDKK 637k–
Short-term debtDKK 25.8mDKK 18.3m–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PKF Munkebo Eriksen Funch, Statsautoriseret Revisions aktie selskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022174
1 Jan 2021 – 31 Dec 2021158
1 Jan 2020 – 31 Dec 2020169
1 Jan 2019 – 31 Dec 2019191 Late
1 Jan 2018 – 31 Dec 2018142
1 Jan 2017 – 31 Dec 2017149
1 Jan 2016 – 31 Dec 2016109
1 Jan 2015 – 31 Dec 2015168
1 Jan 2014 – 31 Dec 2014162
1 Jan 2013 – 31 Dec 2013181
1 Jan 2012 – 31 Dec 2012167
1 Jan 2011 – 31 Dec 2011162
1 Jan 2010 – 31 Dec 2010160
1 Jan 2009 – 31 Dec 2009158
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 2007169
1 Jan 2006 – 31 Dec 2006185 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
CEONikolaj Hviid SchwartzCurrent
CEOMichael Torben Flex
CEOLars Bo Rützou
CEOPeer Omborgsnæs Appel
BoardFrederik Lønstrup HomannCurrent
BoardMorten FalconCurrent
BoardMichael Torben FlexCurrent
BoardKjeld Kornum
BoardMichael Torben Flex
BoardLars Bo Rützou
BoardJanne Grønvald Rützou
BoardWerner Brücher Jensen
BoardEva Engsbye
BoardOle Henrik Sørensen
BoardSøren Ancher Høy
BoardJohnny Bang Nielsen
BoardMichael Engsbye
BoardPeer Omborgsnæs Appel
BoardMichael Engsbye
BoardNikolaj Hviid Schwartz
Owner (90%)MITOFLEX ApSCurrent
Owner (10%)Il Falcone ApSCurrent
AuditorPKF Munkebo Eriksen Funch, Statsautoriseret RevisionsaktieselskabCurrent
AuditorOle Henrik Sørensen
AuditorOve Carlsen
AuditorDan Koefoed
AuditorAndersen & Appel I/S
AuditorKALLERMANN REVISION A/S STATSAUTORISERET REVISIONSFIRMA
AuditorSelskabet af 30.10.2020 A/S

The CEOs' other companies

Nikolaj Hviid Schwartz – 20 other companies, of which 1 bankrupt

Michael Torben Flex – 24 other companies, of which 4 bankrupt

Lars Bo Rützou – 2 other companies

Peer Omborgsnæs Appel – 22 other companies, of which 2 bankrupt

Address history (7 moves)

Svend Aagesens Alle 10B, 2650 Hvidovre
Svend Aagesens Alle 10A, 2650 Hvidovre
Kløverprisvej 10B, 2650 Hvidovre
Lykkegårdsvej 50, 4000 Roskilde
Kløverprisvej 10B, 2650 Hvidovre
Lykkegårdsvej 50, 4000 Roskilde
Tjørnevangen 6, 2660 Brøndby Strand
Sydholmen 5, 2650 Hvidovre

Former names

FLEX A/S – now
BIRCH OG RÜTZOU A/S –

Employees per year

Number of employees at FLEX A/S per year111997: 119972001: 12001

Other companies at the same address

Similar companies in Hvidovre

Questions and answers about FLEX A/S

Has FLEX A/S gone bankrupt?

No, FLEX A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of FLEX A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of FLEX A/S?

Nikolaj Hviid Schwartz is the CEO of FLEX A/S.

Who is the auditor of FLEX A/S?

FLEX A/S most recently used PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab.

When was FLEX A/S founded?

FLEX A/S was founded on 24 February 1982.

What is the equity of FLEX A/S?

Equity was DKK 146.6m 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.