ELFIRMAET DAMGAARD A/S

CVR 31260531 · Public limited company (A/S) · Active · Medium risk

ELFIRMAET DAMGAARD A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry el-installation. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 17 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 2.4m and a net result of DKK -2.0m.

Bankruptcy risk for ELFIRMAET DAMGAARD A/S

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
31260531
Status
Active
Company type
Public limited company (A/S)
Founded
(18 years)
Address
Markvang 6
7100 Vejle
Municipality
Vejle
Industry
El-installation (432100)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 400k
Employees
8 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 17
Missing annual reportNo
Negative equityNo
Equity ratio28.7%
Current ratio132%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.8mDKK 4.9m
Net profitDKK -2.0mDKK 296k
EquityDKK 2.4mDKK 4.4m
Total assetsDKK 8.3mDKK 10.7m
CashDKK 110k–
Short-term debtDKK 5.9m–
Tax owedDKK 0–
Avg. employees9–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025198 Late
1 Jul 2023 – 30 Jun 2024171
1 Jul 2022 – 30 Jun 202384
1 Jul 2021 – 30 Jun 2022117
1 Jul 2020 – 30 Jun 2021127
1 Jul 2019 – 30 Jun 2020117
1 Jul 2018 – 30 Jun 201976
1 Jul 2017 – 30 Jun 2018157
1 Jul 2016 – 30 Jun 2017140
1 Jul 2015 – 30 Jun 2016103
1 Jul 2014 – 30 Jun 2015106
1 Jul 2013 – 30 Jun 201498
1 Jul 2012 – 30 Jun 201382
1 Jul 2011 – 30 Jun 2012159
1 Jul 2010 – 30 Jun 201189
1 Jul 2009 – 30 Jun 2010105
1 Jan 2008 – 30 Jun 2009110

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
BoardJohnny Normann KroghCurrent
BoardMorten Damgaard NielsenCurrent
BoardBo Schilling MadsenCurrent
BoardFinn Damgaard Nielsen
Owner (100%)M. DAMGAARD HOLDING ApSCurrent
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorMARTINSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMorten Damgaard NielsenCurrent

Address history (1 moves)

Markvang 6, 7100 Vejle
c/o Morten Damgaard Nielsen, Grenen 15, 7100 Vejle

Former names

ELFIRMAET DAMGAARD A/S – now
ELFIRMAET DAMGAARD ApS –

Employees per year

Number of employees at ELFIRMAET DAMGAARD A/S per year482011: 320112012: 520122013: 320132014: 620142015: 420152016: 620162017: 720172018: 82018

Other companies at the same address

Similar companies in Vejle

Questions and answers about ELFIRMAET DAMGAARD A/S

Has ELFIRMAET DAMGAARD A/S gone bankrupt?

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

What is the bankruptcy risk of ELFIRMAET DAMGAARD A/S?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the auditor of ELFIRMAET DAMGAARD A/S?

ELFIRMAET DAMGAARD A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was ELFIRMAET DAMGAARD A/S founded?

ELFIRMAET DAMGAARD A/S was founded on 1 January 2008.

What is the equity of ELFIRMAET DAMGAARD A/S?

Equity was DKK 2.4m according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.