ARROW ECS NORDIC A/S

CVR 12274181 · Public limited company (A/S) · Active · Low risk

ARROW ECS NORDIC A/S is a Public limited company (A/S), founded on , based in Viby J. The company is registered in the industry ikke-finansielle hovedsæders aktiviteter. 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 (31 Dec 2025) shows equity of DKK 2.2bn and a net result of DKK 302.2m. CEO: John Normann Refsgaard.

Bankruptcy risk for ARROW ECS NORDIC A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×

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
12274181
Status
Active
Company type
Public limited company (A/S)
Founded
(38 years)
Address
Jens Juuls Vej 42
8260 Viby J
Municipality
Aarhus
Industry
Ikke-finansielle hovedsæders aktiviteter (701010)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 1.5m
Employees
15 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 30
Missing annual reportNo
Negative equityNo
Equity ratio99.7%
Current ratio577%
Moves (last 2 years)0
CEO changes in total9
CEO's previous bankruptcies1
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 8.7mDKK 5.6mDKK 8.1m
Net profitDKK 302.2mDKK 270.2mDKK 263.4m
EquityDKK 2.2bnDKK 1.8bnDKK 1.6bn
Total assetsDKK 2.2bnDKK 1.8bnDKK 1.6bn
Short-term debtDKK 5.6mDKK 3.8m–
Avg. employees77–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · (venstre underskriver).

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024175
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020172
1 Jan 2019 – 31 Dec 2019175
1 Jan 2018 – 31 Dec 2018154
1 Jan 2017 – 31 Dec 2017152
1 Jan 2016 – 31 Dec 2016116
1 Jan 2015 – 31 Dec 2015173
1 Jan 2014 – 31 Dec 2014149
1 Jan 2013 – 31 Dec 2013151
1 Jan 2012 – 31 Dec 2012154
1 Jan 2011 – 31 Dec 2011158
1 Jan 2010 – 31 Dec 2010170
1 Jan 2009 – 31 Dec 2009173
1 Jan 2008 – 31 Dec 2008176
1 Jan 2007 – 31 Dec 2007115
1 Jan 2006 – 31 Dec 2006149

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
CEOJohn Normann RefsgaardCurrent
CEOPer Berthelsen
CEOKristian Thyregod
CEOKim Gudiksen Hansen
CEOJens Skovsgaard Hornum
BoardStefan HøgCurrent
BoardJohn Normann RefsgaardCurrent
BoardSophie Stephanie Ribemont-BéguinCurrent
BoardHenrik Resting-JeppesenCurrent
BoardClaus Thorsen
BoardJørgen Winther Pedersen
BoardAage Kalsæg
BoardJøran Nygaard
BoardOle Schmidt
BoardBirgitte Reinholt Petersen
BoardFlemming Georg Qvist
BoardNiels Jesper Jespersen Jensen
BoardTorben Gregoriou Røsler
BoardPer Ebdrup
BoardLaurent Eliot Sadoun
BoardFrédéric Marc Sebag
BoardGuy Albert Mamou-Mani
BoardJean-Pierre Abadia
BoardJulien Henry Peronneau
BoardEric Claude Nowak
BoardHenrik Resting-Jeppesen
BoardJens Skovsgaard Hornum
BoardGregory Paul Tarpinian
BoardEric Claude Nowak
BoardChristopher David Stansbury
BoardFrederik Petrus Antonius Cornelis Stolwijk
BoardFrederik Petrus Antonius Cornelis Stolwijk
Owner (100%)Arrow ECS SASCurrent
AuditorEY Godkendt RevisionspartnerselskabCurrent
Auditor3 STK ApS
AuditorANDERSEN HÜBERTZ KIRKHOFF STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBEIERHOLM, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorERNST & YOUNG DENMARK P/S
FounderJørgen Winther PedersenCurrent
FounderSolvejg Phill PedersenCurrent
FounderAage KalsægCurrent
FounderHans Jørgen BergmannCurrent

The CEOs' other companies

John Normann Refsgaard – 9 other companies, of which 4 bankrupt

Per Berthelsen – 8 other companies, of which 1 bankrupt

Kristian Thyregod – 12 other companies, of which 1 bankrupt

Kim Gudiksen Hansen – 9 other companies

Jens Skovsgaard Hornum – 5 other companies

Address history (1 moves)

Jens Juuls Vej 42, 8260 Viby J
Jens Juuls Vej 22, 8260 Viby J

Former names

ARROW ECS NORDIC A/S – now
FOUR LEAF A/S –
FOUR LEAF TECHNOLOGIES A/S –
TALLGRASS TECHNOLOGIES DANMARK A/S –

Employees per year

Number of employees at ARROW ECS NORDIC A/S per year8162011: 1120112012: 1220122013: 1520132014: 1520142015: 1420152016: 1620162017: 1520172018: 152018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about ARROW ECS NORDIC A/S

Has ARROW ECS NORDIC A/S gone bankrupt?

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

What is the bankruptcy risk of ARROW ECS NORDIC 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 ARROW ECS NORDIC A/S?

John Normann Refsgaard is the CEO of ARROW ECS NORDIC A/S.

Who is the auditor of ARROW ECS NORDIC A/S?

ARROW ECS NORDIC A/S most recently used EY Godkendt Revisionspartnerselskab.

When was ARROW ECS NORDIC A/S founded?

ARROW ECS NORDIC A/S was founded on 1 June 1988.

What is the equity of ARROW ECS NORDIC A/S?

Equity was DKK 2.2bn 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.