Hackerman AB Due Diligence

Run due diligence on Hackerman AB: check compliance and get alerts when suppliers or ownership change.

Sweden · owned by Independent (Sweden) · codebahn.net · 6 vendors

Hackerman AB operates Codebahn, a fast and private GitHub alternative offering managed Git hosting and CI/CD for developers and teams. The company is headquartered in Gothenburg, Sweden, runs entirely on EU-only infrastructure with no US sub-processors, and is built on the open-source Forgejo forge. It is fully bootstrapped and customer-funded, with a strong focus on privacy, GDPR compliance, and European data sovereignty.

Resilience scores

Technology vendors

Insights

Last updated 2026-10-27 · revision 2

6 direct vendors, 98 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

7 in-scope frameworks identified; showing 3.

GDPR (source) — No public evidence

The company is established in Sweden, which is within the European Union, making the regulation directly applicable to all its processing of personal data.

ISO 27001 (source) — No public evidence

This is a voluntary international standard for information security management. It is applicable if the company has chosen to seek certification to demonstrate its security posture to customers and stakeholders.

DORA (source) — No public evidence

The Digital Operational Resilience Act applies to financial entities and their critical ICT third-party providers. Applicability for Hackerman AB depends on whether it is designated as a critical provider to the financial sector in the EU.

Financials

Three-year financials

Financial Resilience Score: 7/10

Hackerman AB exhibits an exceptionally strong balance sheet for a micro-company, with an equity ratio of 96.4% in FY2024/25, near-zero short-term liabilities (TSEK 2), and a quick ratio of 41,050%. The company is self-funded, customer-funded, and debt-free, holding TSEK 713 in cash plus TSEK 1,500 in long-standing financial fixed assets against total assets of TSEK 2,321. It remains profitable (net profit TSEK 188) despite a sharp revenue contraction, and continues to retain earnings while distributing a proposed TSEK 300 dividend. However, resilience is tempered by extreme operational scale risks. The company has only one employee (the founder/owner), creating acute key-person risk. Revenue is volatile and declining (−43% YoY in FY2024/25), and the company competes against vastly larger players (GitHub/Microsoft, GitLab, Atlassian). Infrastructure dependency on Scaleway and Hetzner, combined with sub-scale revenue of roughly SEK 1M annually, limits pricing power and R&D firepower. The fortress balance sheet provides substantial runway, but commercial traction remains unproven at scale.

Key strengths: Equity ratio of 96.4% (fortress balance sheet), Near-zero debt with quick ratio of 41,050%, Cash balance of TSEK 713 vs trivial payables, Self-funded and customer-funded, no outside capital needed, Consistently profitable with retained earnings growth, Strategic positioning on EU digital sovereignty / NIS2 wave

Risk factors: Only 1 employee - extreme key-person risk, Revenue declined 43% YoY from TSEK 1,660 to TSEK 949, Margin compression: profit margin fell from 38.4% to 25.5%, Sub-scale competitor vs GitHub, GitLab, Atlassian, Infrastructure dependency on Scaleway (Paris) and Hetzner (Falkenstein), Still finding commercial footing - revenue was nil before FY2022/23, Minimal share capital of TSEK 50

Revenue by geography

Revenue by product/service

Workforce by country

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