Death By Code IVS

IVSDissolvedAdvertising protection

CVR 36033797Mimersgade 52, 2200 København NComputerprogrammering· NACE 620100Est. 2014 · 12 years old1 employees

Overview

Death By Code IVS is a Danish IVS based in København N, operating in the Computerprogrammering sector. Incorporated in 2014, the company reported revenue of -DKK 11.8k in its latest annual filing.

Revenue 2017

-11.8K DKK

−97% vs 2016

EBITDA margin

60.4 %

+95% vs 2016

Net profit 2017

117.1K DKK

+178% vs 2016

Key ratios

See full ratios →

103.7 %

Very strong

Among the 10% highest rated companies in the industry

20152017

-27.2×

20152017

104.9 %

Very strong

Among the 10% highest rated companies in the industry

20152017

EBITDA — year on year

DKK thousands

Key figures

Annual report 2017

Revenue	-11.8K DKK	-97%
EBITDA	-7.1K DKK	+95%
Net profit	117.1K DKK	+178%
Total assets	111.6K DKK	-49%
Equity	115.7K DKK	-52%
Employees	—	—

Contact

Address

Mimersgade 52, 2200 København N

Advertising protection

Active — opted out of marketing use

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2017), Death By Code IVS reported revenue of -DKK 11.8k. The figures on this page draw on 3 annual filings covering 2015 to 2017. The bottom line showed a net profit of DKK 117.1k.

At the end of 2017, equity financed 103.7% of the balance sheet.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2017	2016	2015
Revenue	-12	-409	-75
Staff expenses	-0	-251	-55
EBITDA	-7	-151	-12
Depreciation & amort.	-0	-0	-0
EBIT	-7	-151	-12
Net financials	65	0	-75
Profit before tax	58	-151	-87
Tax	-59	-0	-0
Net profit	117	-151	-87

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

DKK thousands

Item	2017	2016	2015
Total assets	112	218	125
Equity	116	240	89
Long-term debt	0	0	0
Short-term debt	-4	-22	36
Total debt	-4	-22	36

Financial ratios

5-year trend

EBITDA margin

<−999 %

20152017

Equity ratio

103.7 %

Very strong

Among the 10% highest rated companies in the industry

20152017

Return on equity

101.2 %

Very strong

Among the 10% highest rated companies in the industry

20152017

Net profit margin

>999 %

20152017

Asset turnover

-0.11×

Very weak

Among the 10% lowest rated companies in the industry

20152017

Debt / equity

-0.04×

20152017

Sector performance

12 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Very strong

Among the 10% highest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very strong

Among the 10% highest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very strong

Among the 10% highest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Weak

Among the 40% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current assets to equityVery strong

Among the 20% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery strong

Among the 10% highest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery weak

Among the 10% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Current ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Debt & solvency

Solidity ratioVery strong

Among the 10% highest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Liabilities to equityVery strong

Among the 10% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Debt ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Income to debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverVery weak

Among the 10% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalVery strong

Among the 10% highest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 20% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

One-year change in debtNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2017
Filed via CVR / Virk · Period 2016-04-01 – 2017-03-31
View PDF
Annual report 2016
Filed via CVR / Virk · Period 2015-04-01 – 2016-03-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2014-06-30 – 2015-03-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


MW Mads Westi Kruse Management	Management	2014 – 2017
MR Marcus Rokkedahl Gregersen Management	Management	2014 – 2017

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mads Westi Kruse	Individual	50–66.65%	50–66.65%	2014
Marcus Rokkedahl Gregersen	Individual	50–66.65%	50–66.65%	2014

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Death By Code IVS hold no positions in other companies.

Frequently asked questions

What is the CVR number of Death By Code IVS?

Death By Code IVS is registered with CVR / Virk under CVR 36033797.

What is the revenue of Death By Code IVS?

Death By Code IVS reported revenue of -DKK 11.8k in 2017.

Where is Death By Code IVS headquartered?

Death By Code IVS's registered address is Mimersgade 52, 4. tv.