ETF A/S

CVR 32365698 · Public limited company (A/S) · Active · Low risk

ETF A/S is a Public limited company (A/S), founded on , based in Viby J. The company is registered in the industry detailhandel med spil og legetøj. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 16 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 4.3m and a net result of DKK 320k. CEO: Torben Lund Frederiksen.

Bankruptcy risk for ETF 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

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

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
32365698
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
Ringvej Syd 98B
8260 Viby J
Municipality
Aarhus
Industry
Detailhandel med spil og legetøj (476400)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 500k
Employees
3 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 16
Missing annual reportNo
Negative equityNo
Equity ratio74.5%
Current ratio370%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.0mDKK 1.8m
Net profitDKK 320kDKK 210k
EquityDKK 4.3mDKK 4.0m
Total assetsDKK 5.8mDKK 5.2m
CashDKK 308k–
Short-term debtDKK 1.5m–
Tax owedDKK 95k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202540
1 Oct 2023 – 30 Sep 2024108
1 Oct 2022 – 30 Sep 202375
1 Oct 2021 – 30 Sep 202289
1 Oct 2020 – 30 Sep 2021140
1 Oct 2019 – 30 Sep 202058
1 Oct 2018 – 30 Sep 2019105
1 Oct 2017 – 30 Sep 2018130
1 Oct 2016 – 30 Sep 2017123
1 Oct 2015 – 30 Sep 2016257 Late
1 Oct 2014 – 30 Sep 2015163
1 Oct 2013 – 30 Sep 2014134
1 Oct 2012 – 30 Sep 2013103
1 Oct 2011 – 30 Sep 2012138
1 Oct 2010 – 30 Sep 201139
24 Aug 2009 – 30 Sep 2010138

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
CEOTorben Lund FrederiksenCurrent
CEOTorben Lund Frederiksen
BoardTorben Lund FrederiksenCurrent
BoardJulie Elisa FrederiksenCurrent
BoardJens Jørgen HeinCurrent
BoardTorben Lund Frederiksen
BoardFlemming Thougård Jespersen
BoardJulie Elisa Frederiksen
BoardFlemming Thougård Jespersen
Owner (100%)TLF HOLDING ApSCurrent
AuditorSelskabet af 22. februar ApS
FounderTLF HOLDING ApSCurrent

The CEOs' other companies

Torben Lund Frederiksen – 1 other companies

Address history (1 moves)

Ringvej Syd 98B, 8260 Viby J
Muslingevej 24, 8250 Egå

Employees per year

Number of employees at ETF A/S per year362011: 620112012: 520122013: 620132014: 520142015: 620152016: 320162017: 420172018: 32018

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Questions and answers about ETF A/S

Has ETF A/S gone bankrupt?

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

What is the bankruptcy risk of ETF 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 ETF A/S?

Torben Lund Frederiksen is the CEO of ETF A/S.

When was ETF A/S founded?

ETF A/S was founded on 24 August 2009.

What is the equity of ETF A/S?

Equity was DKK 4.3m according to the annual report for the period ending 30 September 2025.

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