FirstFarms Czech A/S

CVR 29146276 · Public limited company (A/S) · Active · Low risk

FirstFarms Czech A/S is a Public limited company (A/S), founded on , based in Billund. The company is registered in the industry finansielle holdingselskaber. 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 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 87.7m and a net result of DKK 5.4m. CEO: Morten Knudsgaard.

Bankruptcy risk for FirstFarms Czech A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late1 · bankruptcy rate 11.3%1.3×

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×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
29146276
Status
Active
Company type
Public limited company (A/S)
Founded
(21 years)
Address
Majsmarken 1
7190 Billund
Municipality
Billund
Industry
Finansielle holdingselskaber (642110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 1.5m
Employees
1 (2013)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 20
Missing annual reportNo
Negative equityNo
Equity ratio98.9%
Current ratio0%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -11kDKK -19kDKK 0
Net profitDKK 5.4mDKK 6.1mDKK 11.5m
EquityDKK 87.7mDKK 82.3mDKK 76.2m
Total assetsDKK 88.6mDKK 82.3mDKK 76.2m
CashDKK 0DKK 47k–
Short-term debtDKK 981kDKK 8,000–
Tax owedDKK 974k––
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 2024169
1 Jan 2023 – 31 Dec 2023166
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021161
1 Jan 2020 – 31 Dec 2020158
1 Jan 2019 – 31 Dec 2019253 Late
1 Jan 2018 – 31 Dec 2018169
1 Jan 2017 – 31 Dec 2017128
1 Jan 2016 – 31 Dec 2016150
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014181
1 Jan 2013 – 31 Dec 2013144
1 Jan 2012 – 31 Dec 2012142
1 Jan 2011 – 31 Dec 2011156
1 Jan 2010 – 31 Dec 2010166
1 Jan 2009 – 31 Dec 2009151
1 Jan 2008 – 31 Dec 2008153
1 Jan 2007 – 31 Dec 2007171
19 Oct 2005 – 31 Dec 2006176

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 KnudsgaardCurrent
CEOErling Eskelund Lerche-Simonsen
BoardSøren BredvigCurrent
BoardMichael HyldgaardCurrent
BoardChristian Bruhn GerdesCurrent
BoardPeter Eskelund Lerche-Simonsen
BoardErling Eskelund Lerche-Simonsen
BoardAnders Holger Nørgaard
BoardNiels Peder Finsen
BoardArne Richard Hviid
BoardHans Poul Juel Madsen
BoardBjarne Edvard Maj
BoardKnud Hallas Beer
BoardGitte Eskelund Lerche-Simonsen
BoardAnker Stensig Andersen
BoardMorten Jørgensen
BoardJørgen Kristian Hedeager Nielsen
BoardKristen Vendelboe
BoardAnders Holger Nørgaard
BoardJørgen Svendsen
BoardMichael Hyldgaard
BoardSøren Sjørup Kristensen
Owner (100%)FIRSTFARMS A/SCurrent
Owner (15%)T-S INVEST ApS
Owner (33%)Lerche-Simonsen ApS
Owner (15%)INVESTERINGSSELSKABET AF 22.12. 2000 ApS
Owner (15%)HÆKKEBØLLE INVEST ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderT-S INVEST ApSCurrent
FounderLerche-Simonsen ApSCurrent
FounderINVESTERINGSSELSKABET AF 22.12. 2000 ApSCurrent
FounderHÆKKEBØLLE INVEST ApSCurrent

The CEOs' other companies

Morten Knudsgaard – 10 other companies, of which 1 bankrupt

Erling Eskelund Lerche-Simonsen – 15 other companies

Address history (2 moves)

Majsmarken 1, 7190 Billund
Hovvej 56, 5591 Gelsted
Hovvej 56, 5591 Gelsted

Former names

FirstFarms Czech A/S – now
TJEKKIET INVEST A/S –

Employees per year

Number of employees at FirstFarms Czech A/S per year112012: 020122013: 12013

Other companies at the same address

Similar companies in Billund

Questions and answers about FirstFarms Czech A/S

Has FirstFarms Czech A/S gone bankrupt?

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

What is the bankruptcy risk of FirstFarms Czech 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 FirstFarms Czech A/S?

Morten Knudsgaard is the CEO of FirstFarms Czech A/S.

Who is the auditor of FirstFarms Czech A/S?

FirstFarms Czech A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was FirstFarms Czech A/S founded?

FirstFarms Czech A/S was founded on 19 October 2005.

What is the equity of FirstFarms Czech A/S?

Equity was DKK 87.7m 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.