LATVIA HOLDING A/S

CVR 27550827 · Public limited company (A/S) · Active · Low risk

LATVIA HOLDING A/S is a Public limited company (A/S), founded on , based in Otterup. The company is registered in the industry ikke-finansielle holdingselskaber. 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 5.6m and a net result of DKK 1.5m. CEO: Morten Frost Simonsen.

Bankruptcy risk for LATVIA HOLDING 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

Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

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×
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×
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
27550827
Status
Active
Company type
Public limited company (A/S)
Founded
(22 years)
Address
Emmelevgyden 25
5450 Otterup
Municipality
Nordfyns
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 22
Missing annual reportNo
Negative equityNo
Equity ratio93.9%
Current ratio1,640%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address13
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 0DKK 0
Net profitDKK 1.5mDKK 77.6m
EquityDKK 5.6mDKK 72.1m
Total assetsDKK 5.9mDKK 72.1m
Short-term debtDKK 361k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025175
1 Jan 2024 – 31 Dec 2024183
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 202281
1 Jan 2021 – 31 Dec 2021171
1 Jan 2020 – 31 Dec 2020175
1 Jan 2019 – 31 Dec 2019181
1 Jan 2018 – 31 Dec 2018164
1 Jan 2017 – 31 Dec 2017169
1 Jan 2016 – 31 Dec 2016158
1 Jan 2015 – 31 Dec 2015158
1 Jan 2014 – 31 Dec 2014163
1 Jan 2013 – 31 Dec 2013157
1 Jan 2012 – 31 Dec 2012155
1 Jan 2011 – 31 Dec 2011157
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009157
1 Jan 2008 – 31 Dec 2008160
1 Jan 2007 – 31 Dec 2007160
1 Jan 2006 – 31 Dec 2006164

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
CEOMorten Frost SimonsenCurrent
CEOJohann Christoph Schliemann
CEOKent Gordon Taanning
CEOKarsten Birkedal Jensen
BoardBjarne Møller SimonsenCurrent
BoardChristian Pagaard JunkerCurrent
BoardMorten Frost SimonsenCurrent
BoardJohann Christoph Schliemann
BoardKent Gordon Taanning
BoardKarsten Birkedal Jensen
BoardMorten Frost Simonsen
Owner (100%)Frost Simonsen Holding A/SCurrent
Owner (33%)K. BIRKEDAL HOLDING ApS
Owner (50%)Frost Simonsen Holding A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorRevisionsfirmaet J. Barrett statsautoriserede revisorer
AuditorJKPT ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderK. BIRKEDAL HOLDING ApSCurrent
FounderRYSENSTEEN ApSCurrent
FounderFrost Simonsen Holding A/SCurrent

The CEOs' other companies

Morten Frost Simonsen – 15 other companies

Johann Christoph Schliemann – 1 other companies

Kent Gordon Taanning – 5 other companies

Karsten Birkedal Jensen – 10 other companies

Address history (1 moves)

Emmelevgyden 25, 5450 Otterup
Emmelevgyden 25, 5450 Otterup

Other companies at the same address

Similar companies in Nordfyns

Questions and answers about LATVIA HOLDING A/S

Has LATVIA HOLDING A/S gone bankrupt?

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

What is the bankruptcy risk of LATVIA HOLDING 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 LATVIA HOLDING A/S?

Morten Frost Simonsen is the CEO of LATVIA HOLDING A/S.

Who is the auditor of LATVIA HOLDING A/S?

LATVIA HOLDING A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was LATVIA HOLDING A/S founded?

LATVIA HOLDING A/S was founded on 19 January 2004.

What is the equity of LATVIA HOLDING A/S?

Equity was DKK 5.6m 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.