LICUNO ApS

CVR 18120895 · Private limited company (ApS) · Active · Low risk

LICUNO ApS is a Private limited company (ApS), founded on , based in København NV. The company is registered in the industry anden finansiel formidling i.a.n.. 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 137.3m and a net result of DKK 27.5m. CEO: Thilde Elster Fjordgaard.

Bankruptcy risk for LICUNO ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
18120895
Status
Active
Company type
Private limited company (ApS)
Founded
(32 years)
Address
c/o AKF Holding A/S, Bispevej 2
2400 København NV
Municipality
København
Industry
Anden finansiel formidling i.a.n. (649990)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 164k
Employees
8 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 31
Missing annual reportNo
Negative equityNo
Equity ratio75.4%
Current ratio25%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address59
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -185kDKK -276kDKK -113k
Net profitDKK 27.5mDKK 26.5mDKK 9.0m
EquityDKK 137.3mDKK 109.8mDKK 83.3m
Total assetsDKK 182.2mDKK 118.5mDKK 86.7m
CashDKK 8.7mDKK 2.3m–
Short-term debtDKK 44.9mDKK 8.7m–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025124
1 Jan 2024 – 31 Dec 2024121
1 Jan 2023 – 31 Dec 2023122
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 2021150
1 Jan 2020 – 31 Dec 2020149
1 Jan 2019 – 31 Dec 2019154
1 Jan 2018 – 31 Dec 201892
1 Jan 2017 – 31 Dec 2017101
1 Jan 2016 – 31 Dec 201687
1 Jan 2015 – 31 Dec 201581
1 Jan 2014 – 31 Dec 201486
1 Jan 2013 – 31 Dec 2013134
1 Jan 2012 – 31 Dec 201283
1 Jan 2011 – 31 Dec 2011101
1 Jan 2010 – 31 Dec 201095
1 Jan 2009 – 31 Dec 2009104
1 Jan 2008 – 31 Dec 200896
1 Jan 2007 – 31 Dec 200792
1 Jan 2006 – 31 Dec 200688

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
CEOThilde Elster FjordgaardCurrent
CEOLars Blavnsfeldt
BoardIno Abraham DimsitsCurrent
BoardChristian Bruno Cordsen NielsenCurrent
BoardChristine Cordsen-RolnerCurrent
BoardJens Josefsen
BoardPeter Lerbrandt
BoardFlemming Skov Jensen
BoardLars Blavnsfeldt
BoardDines Bredal Schmidt Nielsen
BoardLars Blavnsfeldt
BoardLene Krogh Ellgaard
Owner (50%)AKF Invest CPH A/SCurrent
Owner (50%)Cordsen Capital A/SCurrent
Owner (33%)Lønmodtagernes Dyrtidsfond
Owner (10%)Pædagogernes Pension - pensionskassen for pædagoger
Owner (33%)Pædagogernes Pension - pensionskassen for pædagoger
Owner (25%)SAMPENSION PRIVATE EQUITY K/S
Owner (5%)AP PENSION LIVSFORSIKRINGSAKTIESELSKAB
Owner (33%)AKF Invest CPH A/S
Owner (20%)AKF Invest CPH A/S
Owner (10%)Christian Bruno Cordsen Nielsen
Owner (15%)AKF Invest CPH A/S
Owner (33%)LICUNO ApS
Owner (5%)Pædagogernes Pension - pensionskassen for pædagoger
Owner (5%)SAMPENSION PRIVATE EQUITY K/S
Owner (33%)AKF Invest CPH A/S
Owner (33%)Cordsen Capital A/S
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorCJ Partnership I/S
AuditorEY Godkendt Revisionspartnerselskab
FounderPædagogernes Pension - pensionskassen for pædagogerCurrent
FounderSAMPENSION LIVSFORSIKRING A/SCurrent
FounderLønmodtagernes DyrtidsfondCurrent

The CEOs' other companies

Thilde Elster Fjordgaard – 30 other companies

Lars Blavnsfeldt – 59 other companies, of which 51 bankrupt

Address history (3 moves)

c/o AKF Holding A/S, Bispevej 2, 2400 København NV
c/o AKF Holding A/S, Bispevej 2, 2400 København NV
Gothersgade 175, 2. tv, 1123 København K
Vendersgade 28, 2., 1363 København K

Former names

LICUNO ApS – now
INDUSTRI UDVIKLING ApS –
INDUSTRI UDVIKLING A/S –
UDV. INVEST A/S –

Employees per year

Number of employees at LICUNO ApS per year5102011: 720112012: 920122013: 1020132014: 720142015: 820152016: 820162017: 920172018: 82018

Other companies at the same address

Similar companies in København

Questions and answers about LICUNO ApS

Has LICUNO ApS gone bankrupt?

No, LICUNO ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of LICUNO ApS?

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 LICUNO ApS?

Thilde Elster Fjordgaard is the CEO of LICUNO ApS.

Who is the auditor of LICUNO ApS?

LICUNO ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was LICUNO ApS founded?

LICUNO ApS was founded on 27 October 1994.

What is the equity of LICUNO ApS?

Equity was DKK 137.3m 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.