COEC Due Diligence

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

Denmark · owned by Independent (Denmark) · coec.dk · 8 vendors

COEC is a Danish AI and software development company that builds custom AI solutions and software platforms for businesses. They specialize in workflow automation, new platform development from scratch, and deployment/integration with existing business tools, offering a prototype within 1 day and a first working version live within 1 week. They operate Danish servers and ensure GDPR compliance, with a fixed-price model and no hourly billing.

Resilience scores

Technology vendors

Insights

Last updated 2026-11-04 · revision 3

8 direct vendors, 130 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

11 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

For a technology company, a SOC 2 report is a common way to provide assurance to customers about the security, availability, processing integrity, confidentiality, and privacy of their systems.

PED — No public evidence

The Pressure Equipment Directive (2014/68/EU) applies to the design, manufacture, and conformity assessment of stationary pressure equipment with a maximum allowable pressure greater than 0.5 bar. Applicability for COEC depends on whether their technology products fall within this scope.

GDPR (source) — No public evidence

COEC is established in Denmark, an EU member state, and therefore processes the personal data of employees, customers, and suppliers within the EU.

Financials

Three-year financials

Financial Resilience Score: 6/10

COEC (Co-Engineering ApS) presents a mixed resilience profile typical of an early-stage Danish micro-consultancy. On the positive side, the company has been profitable from an early stage, generating a net profit of DKK 198K on gross profit of DKK 526K in FY2024, and grew gross profit by approximately 33% into FY2025. The balance sheet is conservatively financed with solidity of 58.2% in 2024 (90.4% in 2023) and a current ratio of 154% in 2024, suggesting little to no interest-bearing debt and adequate short-term liquidity. The company also secured non-dilutive funding via a DKK 760,000 Innofounder grant from Innovation Fund Denmark in May 2024, which strengthened equity without external investor dilution. However, the absolute scale of the business is extremely small — total equity of only DKK 275K and balance-sheet total of DKK 473K at end-2024 — meaning a single lost customer or bad project could materially impair the company. Key-person dependency is significant, as the entire operation rests on co-founders Daniel Rohrer Hansen and Oliver Svane Olsen. Return on assets declined sharply from ~42% in 2024 to ~14% in 2025, indicating either margin pressure or a larger asset base being built. Because the company files Danish Regnskabsklasse B abbreviated accounts, net revenue is not disclosed, limiting external visibility. Customer concentration is likely material given only 2 FTEs and a small handful of reference clients (Deloitte, Sundhed+, etc.).

Key strengths: Profitable since 2024 with DKK 198K net profit, Strong solidity of 58.2% in 2024 (90.4% in 2023), Current ratio of 154% in 2024 indicates healthy liquidity, Non-dilutive DKK 760K Innofounder grant received May 2024, Gross profit grew ~33% YoY from 2024 to 2025, Notable reference customers including Deloitte

Risk factors: Very small scale — equity only DKK 275K, balance sheet DKK 473K, Key-person dependency on two co-founders, ROA fell sharply from ~42% in 2024 to ~14% in 2025, Likely high customer concentration (few clients, 2 FTEs), No disclosed net revenue (class B filer), Crowded Danish AI-consultancy market, Ownership restructuring in May 2026 (new shareholder Emsc Holding ApS)

Revenue by geography

Workforce by country

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