DANCO OIL A/S

CVR 11426530 · Public limited company (A/S) · Active · Low risk

DANCO OIL A/S is a Public limited company (A/S), founded on , based in Varde. The company is registered in the industry engroshandel med fast, flydende og luftformigt brændstof og lignende varer. 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. The latest annual report (30 Sep 2025) shows equity of DKK 707k and a net result of DKK 99k. CEO: Flemming Høj.

Bankruptcy risk for DANCO OIL A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×

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
11426530
Status
Active
Company type
Public limited company (A/S)
Founded
(39 years)
Address
Murervej 7
6800 Varde
Municipality
Varde
Industry
Engroshandel med fast, flydende og luftformigt brændstof og lignende varer (468100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
3 (2018)
Auditor
Partner Revision, statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 30
Missing annual reportNo
Negative equityNo
Equity ratio24.2%
Current ratio123%
Moves (last 2 years)0
CEO changes in total9
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.2mDKK 1.2m
Net profitDKK 99kDKK 110k
EquityDKK 707kDKK 708k
Total assetsDKK 2.9mDKK 3.1m
CashDKK 93–
Short-term debtDKK 2.2m–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Partner Revision, statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025161
1 Oct 2023 – 30 Sep 2024108
1 Oct 2022 – 30 Sep 2023163
1 Oct 2021 – 30 Sep 202284
1 Oct 2020 – 30 Sep 2021111
1 Oct 2019 – 30 Sep 202079
1 Oct 2018 – 30 Sep 2019105
1 Oct 2017 – 30 Sep 201899
1 Oct 2016 – 30 Sep 2017132
1 Oct 2015 – 30 Sep 2016144
1 Oct 2014 – 30 Sep 201596
1 Oct 2013 – 30 Sep 201480
1 Oct 2012 – 30 Sep 2013106
1 Oct 2011 – 30 Sep 2012130
1 Oct 2010 – 30 Sep 2011116
1 Oct 2009 – 30 Sep 201080
1 Oct 2008 – 30 Sep 2009153
1 Oct 2007 – 30 Sep 2008104
1 Oct 2006 – 30 Sep 2007106
1 Oct 2005 – 30 Sep 2006136

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
CEOFlemming HøjCurrent
CEOJens Nørskov
CEOJette Karina Larsen
CEOErnst Jensen
CEOJens Anders Brogaard
CEOPoul Howard Hassager
CEOPoul Rølle Poulsen
BoardPoul Rølle PoulsenCurrent
BoardFlemming HøjCurrent
BoardKurt Jensen HøjCurrent
BoardOle Bak Nielsen
BoardKurt Neels Rehl
BoardVictor Christoffersen
BoardJens Nørskov
BoardSøren Bonde
BoardKaj Berg Andersen
BoardJette Karina Larsen
BoardErnst Jensen
BoardJens Anders Brogaard
BoardUlla Fjordside Hassager
BoardPoul Howard Hassager
BoardSøren Peder Høj
Owner (100%)F.H. HOLDING VARDE ApSCurrent
Owner (100%)P.P. AGENTURER HOLDING ApS
AuditorJP FINANS SILKEBORG ApS
AuditorStatsaut. revisor Nis Jørn Bennetzen
AuditorKRISTIANSEN & MOGENSEN I/S STATSAUTORISEREDE REVISORER
AuditorDatoselskabet af den 3. juli 2016 RVT P/S
AuditorPartner Revision statsautoriseret revisionsaktieselskab
FounderVictor ChristoffersenCurrent
FounderJens NørskovCurrent
FounderSøren BondeCurrent

The CEOs' other companies

Flemming Høj – 3 other companies

Jens Nørskov – 45 other companies, of which 45 bankrupt

Jette Karina Larsen – 2 other companies, of which 1 bankrupt

Poul Howard Hassager – 8 other companies, of which 2 bankrupt

Poul Rølle Poulsen – 3 other companies, of which 1 bankrupt

Address history (2 moves)

Murervej 7, 6800 Varde
Ølstrupvej 6, 6950 Ringkøbing
Gunnar Clausens Vej 24B, 8260 Viby J

Former names

DANCO OIL A/S – now
POWER PRODUCT A/S –
DELTA OIL DANMARK E.J.O. A/S –
ASX 12183 A/S –

Employees per year

Number of employees at DANCO OIL A/S per year232011: 220112012: 220122013: 220132014: 220142015: 320152016: 320162017: 320172018: 32018

Other companies at the same address

Similar companies in Varde

Questions and answers about DANCO OIL A/S

Has DANCO OIL A/S gone bankrupt?

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

What is the bankruptcy risk of DANCO OIL 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 DANCO OIL A/S?

Flemming Høj is the CEO of DANCO OIL A/S.

Who is the auditor of DANCO OIL A/S?

DANCO OIL A/S most recently used Partner Revision, statsautoriseret revisionsaktieselskab.

When was DANCO OIL A/S founded?

DANCO OIL A/S was founded on 1 July 1987.

What is the equity of DANCO OIL A/S?

Equity was DKK 707k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.