CESCO A/S

CVR 19748480 · Public limited company (A/S) · Active · Low risk

CESCO A/S is a Public limited company (A/S), founded on , based in Gørding. The company is registered in the industry engroshandel med andre maskiner og andet udstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 19.9m and a net result of DKK 1.6m. CEO: Carsten Elo Schmidt.

Bankruptcy risk for CESCO A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Postcode changes3+ · bankruptcy rate 10.2%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×
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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
19748480
Status
Active
Company type
Public limited company (A/S)
Founded
(29 years)
Address
Industrivej 3
6690 Gørding
Municipality
Esbjerg
Industry
Engroshandel med andre maskiner og andet udstyr (466400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
10 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late5 of 29
Missing annual reportNo
Negative equityNo
Equity ratio61.7%
Current ratio141%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 7.9mDKK 8.0mDKK 7.3m
Net profitDKK 1.6mDKK 2.0mDKK 1.7m
EquityDKK 19.9mDKK 18.3mDKK 16.3m
Total assetsDKK 32.3mDKK 28.5mDKK 28.2m
CashDKK 2,855DKK 5,254–
Short-term debtDKK 9.6mDKK 7.3m–
Avg. employees1312–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025146
1 Jan 2024 – 31 Dec 2024168
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022191 Late
1 Jan 2021 – 31 Dec 2021185 Late
1 Jan 2020 – 31 Dec 2020182
1 Jan 2019 – 31 Dec 2019150
1 Jan 2018 – 31 Dec 2018134
1 Jan 2017 – 31 Dec 2017152
1 Jan 2016 – 31 Dec 2016123
1 Jan 2015 – 31 Dec 2015109
1 Jan 2014 – 31 Dec 2014168
1 Jan 2013 – 31 Dec 2013172
1 Jan 2012 – 31 Dec 2012181
1 Jan 2011 – 31 Dec 2011157
1 Jan 2010 – 31 Dec 2010116
1 Jan 2009 – 31 Dec 2009147
1 Jan 2008 – 31 Dec 2008190 Late
1 Jan 2007 – 31 Dec 2007168
1 Jan 2006 – 31 Dec 2006113

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
CEOCarsten Elo SchmidtCurrent
BoardCarsten Elo SchmidtCurrent
BoardHelle NielsenCurrent
BoardMax-Jørgen SchaumannCurrent
BoardAnnette Jensen
BoardHenrik Lodberg Jensen
BoardBørge Hansen
BoardCharlotte Friis Bjerregaard
BoardPeter Rex Drescher
Owner (100%)Cesco Holding ApSCurrent
Owner (100%)Carsten Elo Schmidt
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorK.M.P.M. REGISTRERET REVISIONSAKTIESELSKAB
AuditorKPJT REGISTRERET REVISIONSAKTIESELSKAB SLAGELSE
AuditorSelskabet Slagelse af 24. oktober 2025 A/S
FounderCarsten Elo SchmidtCurrent

The CEOs' other companies

Carsten Elo Schmidt – 5 other companies, of which 1 bankrupt

Address history (4 moves)

Industrivej 3, 6690 Gørding
Ørnevej 4, 6705 Esbjerg Ø
Håndværksvej 3, 6740 Bramming
Håndværksvej 3, 6740 Bramming
Spånnebæk 18, 4300 Holbæk

Former names

CESCO A/S – now
POUL MADSEN EN GROS A/S –
POUL MADSEN EN GROS ApS –

Employees per year

Number of employees at CESCO A/S per year5102011: 720112012: 520122013: 620132014: 620142015: 720152016: 720162017: 820172018: 102018

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about CESCO A/S

Has CESCO A/S gone bankrupt?

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

What is the bankruptcy risk of CESCO A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of CESCO A/S?

Carsten Elo Schmidt is the CEO of CESCO A/S.

Who is the auditor of CESCO A/S?

CESCO A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was CESCO A/S founded?

CESCO A/S was founded on 23 December 1996.

What is the equity of CESCO A/S?

Equity was DKK 19.9m 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.