EXECUTIVE CAPITAL I A/S

CVR 32658059 · Public limited company (A/S) · Active · Low risk

EXECUTIVE CAPITAL I A/S is a Public limited company (A/S), founded on 18 December 2009, based in Aarhus C. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 16 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 2.1m and a net result of DKK -37k.

Bankruptcy risk for EXECUTIVE CAPITAL I A/S

0.2%

probability of bankruptcy within 12 months

Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years2 · bankruptcy rate 23.9%2.7×

Time at current address1 yrs · bankruptcy rate 14.0%1.6×

Number of CEOs0 · bankruptcy rate 12.7%1.4×

CEO changes1 · bankruptcy rate 11.4%1.3×

CEO's other companies0 · bankruptcy rate 10.9%1.2×

Loss for the yearYes · bankruptcy rate 10.3%1.2×

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Equity ratio60%+ · bankruptcy rate 3.3%0.38×

Current ratio200%–500% · bankruptcy rate 3.4%0.39×

Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×

Company typeA/S · bankruptcy rate 4.4%0.50×

Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

Audit opted outNo · bankruptcy rate 4.8%0.55×

Negative equityNo · bankruptcy rate 5.1%0.58×

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: 32658059
Status: Active
Company type: Public limited company (A/S)
Founded: 18 December 2009 (16 years)
Address: c/o Executive Capital Adm. A/S, Kalkværksvej 5, 4.
8000 Aarhus C
Municipality: Aarhus
Industry: Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 868k
Auditor: inforevision statsautoriseret revisionsaktieselskab
Audit opted out: No

Warning signs

Annual reports filed late	0 of 16
Missing annual report	No
Negative equity	No
Equity ratio	94.8%
Current ratio	395%
Moves (last 2 years)	2
CEO changes in total	1
CEO's previous bankruptcies	0
Other companies at the address	23
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK -117k	DKK -122k
Net profit	DKK -37k	DKK -122k
Equity	DKK 2.1m	DKK 7.5m
Total assets	DKK 2.2m	DKK 7.5m
Cash	DKK 289k	–
Short-term debt	DKK 113k	–
Avg. employees	0	–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · inforevision statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	8 Apr 2026	98
1 Jan 2024 – 31 Dec 2024	25 Mar 2025	84
1 Jan 2023 – 31 Dec 2023	21 Mar 2024	81
1 Jan 2022 – 31 Dec 2022	18 Apr 2023	108
1 Jan 2021 – 31 Dec 2021	4 Apr 2022	94
1 Jan 2020 – 31 Dec 2020	23 Apr 2021	113
1 Jan 2019 – 31 Dec 2019	31 Mar 2020	91
1 Jan 2018 – 31 Dec 2018	29 Mar 2019	88
1 Jan 2017 – 31 Dec 2017	16 Apr 2018	106
1 Jan 2016 – 31 Dec 2016	7 Apr 2017	97
1 Jan 2015 – 31 Dec 2015	9 May 2016	130
1 Jan 2014 – 31 Dec 2014	12 May 2015	132
1 Jan 2013 – 31 Dec 2013	15 May 2014	135
1 Jan 2012 – 31 Dec 2012	2 May 2013	122
1 Jan 2011 – 31 Dec 2011	8 May 2012	129
18 Dec 2009 – 31 Dec 2010	11 May 2011	131

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

Role	Name	From	To
CEO	Mikael Bak	18 Dec 2009	30 Jun 2015
Board	Jørn Rosenmeier	28 Apr 2015	Current
Board	Annemette Færch	28 Apr 2016	Current
Board	Poul Thyregod	12 Apr 2018	Current
Board	Knud Martin Trolle	12 Apr 2018	Current
Board	Claus Torben Warming	18 Dec 2009	28 Apr 2010
Board	Niels Holger Poulsen	18 Dec 2009	12 Apr 2018
Board	Poul Bentsen	18 Dec 2009	18 Apr 2013
Board	Henrik Gunnar Herman	18 Dec 2009	28 Apr 2010
Board	Knud Martin Trolle	18 Dec 2009	26 Apr 2012
Board	Jan Frank Steenhard	28 Apr 2010	2 May 2011
Board	Finn Rosenthal	28 Apr 2010	18 Apr 2013
Board	Søren Holm Jensen	2 May 2011	26 Apr 2012
Board	Donald John Nekman	26 Apr 2012	30 Apr 2014
Board	Morten Østergaard	26 Apr 2012	28 Apr 2015
Board	Stig Løkke Pedersen	18 Apr 2013	30 Apr 2014
Board	Torben Bjerre-Madsen	18 Apr 2013	28 Apr 2015
Board	Søren Bach	30 Apr 2014	28 Apr 2016
Board	Asbjørn Thomsen	30 Apr 2014	28 Apr 2016
Board	Poul Thyregod	28 Apr 2015	6 Apr 2017
Board	John Haue Damkjær	6 Apr 2017	12 Apr 2018
Board	Niels Poulsen	12 Apr 2018	15 Oct 2019
Owner (10%)	Sportgoods P/S	9 Oct 2013	Current
Owner (33%)	EXECUTIVE CAPITAL I A/S	14 Oct 2019	Current
Owner (5%)	AMVI Holding ApS	22 Oct 2019	Current
Owner (5%)	ANELIN A/S	23 Oct 2019	Current
Owner (5%)	BULLGOOD A/S	23 Oct 2019	Current
Owner (5%)	Niels Poulsen	9 Oct 2013	14 Oct 2019
Owner (10%)	H & L INVEST ApS	9 Oct 2013	27 Feb 2014
Owner (25%)	EXECUTIVE CAPITAL I A/S	9 Oct 2013	13 Oct 2019
Owner (10%)	FRINOVA A/S	9 Oct 2013	14 Oct 2019
Owner (10%)	Stig Løkke Pedersen	28 Feb 2014	1 Oct 2019
Auditor	inforevision statsautoriseret revisionsaktieselskab	18 Dec 2009	Current
Founder	EXECUTIVE CAPITAL INCITAMENT ApS	18 Dec 2009	Current

The CEOs' other companies

Mikael Bak – 32 other companies, of which 6 bankrupt

Meet2Talk Group ApS Bankrupt 9 Feb 2023
Meet2Talk Operation ApS Bankrupt 12 Jan 2023
NANION ApS Bankrupt 6 Apr 2005
NOVAMIND A/S Bankrupt 7 May 2002
SYNERGETIC COMPUTING SYSTEMS ApS Bankrupt 19 Nov 2004
UNWIREDFACTORY A/S Bankrupt 19 Feb 2004
2PARTNER A/S Opløst
ATINEC ApS Opløst
BLADENA ApS Active
BLADENA SOLUTIONS ApS Active
DAF ERHVERV ApS Opløst
Dorte Busch ApS Active
EC FIN MANAGEMENT ApS Opløst
EC FRANCK HOLDING ApS Active
EC KIDS ApS Fusioneret
EC MES HOLDING ApS Active
EC PAR HOLDING ApS Opløst
EC PRIM HOLDING ApS Fusioneret
EC SUND HOLDING ApS Opløst
EC WECA ApS Fusioneret
ECJDL MANAGEMENT ApS Opløst
ECLAB ApS Opløst
ECSCA MANAGEMENT ApS Opløst
ECTRAN HOLDING ApS Active
EPISTA SOFTWARE A/S Fusioneret
EXECUTIVE CAPITAL ADMINISTRATION A/S Active
EXECUTIVE CAPITAL INCITAMENT ApS Fusioneret
GAMALOCUS ApS Active
HB8 Design Products A/S Active
KALEIDO TECHNOLOGY ApS Active

Address history (3 moves)

6 Oct 2025	c/o Executive Capital Adm. A/S, Kalkværksvej 5, 4., 8000 Aarhus C
12 Dec 2024	c/o Executive Capital Adm. A/S, Søren Frichs Vej 38K, 1., 8230 Åbyhøj
5 Nov 2013	c/o Executive Capital Adm. A/S, Vesterbrogade 24A, 3., 1620 København V
18 Dec 2009	Vester Voldgade 6, 1552 København V

Former names

EXECUTIVE CAPITAL I A/S	12 Apr 2018 – now
EXECUTIVE CAPITAL A/S	18 Dec 2009 – 11 Apr 2018

Other companies at the same address

Anno Studio ApS Active
BIGR ApS Active
BjerregaardBrun ApS Active
EC Design ApS Active
EC Drop-It ApS Active
EC Duka ApS Active
EC FRANCK HOLDING ApS Active
EC RM ApS Active
EC SD+ ApS Active
EC Safety ApS Active
EC Snack ApS Active
EC Steel ApS Active
EC Teknik ApS Active
EC Vending ApS Active
EXECUTIVE CAPITAL ADMINISTRATION A/S Active
Mango Frames ApS Active
MartinThim Holding ApS Active
Minduit A/S Active
QIAGEN AARHUS A/S Active
Syvni13 ApS Active
Syvni13 Holding ApS Active
Syvni13 Holding II ApS Fusioneret
Winelab Agency ApS Active

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Questions and answers about EXECUTIVE CAPITAL I A/S

Has EXECUTIVE CAPITAL I A/S gone bankrupt?

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

What is the bankruptcy risk of EXECUTIVE CAPITAL I A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the auditor of EXECUTIVE CAPITAL I A/S?

EXECUTIVE CAPITAL I A/S most recently used inforevision statsautoriseret revisionsaktieselskab.

When was EXECUTIVE CAPITAL I A/S founded?

EXECUTIVE CAPITAL I A/S was founded on 18 December 2009.

What is the equity of EXECUTIVE CAPITAL I A/S?

Equity was DKK 2.1m 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.