ETRECO A/S

CVR 33381093 · Public limited company (A/S) · Active · Low risk

ETRECO A/S is a Public limited company (A/S), founded on , based in Fredericia. The company is registered in the industry rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 15 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 2.2m and a net result of DKK 405k. CEO: Morten Mads Lynggaard.

Bankruptcy risk for ETRECO A/S

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
33381093
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Taulov Bygade 12
7000 Fredericia
Municipality
Fredericia
Industry
Rådgivende ingeniøraktiviteter inden for byggeri og anlægsarbejder (711210)
Bankruptcies in the industry: Rådgivende ingeniørvirksomhed inden for byggeri og anlægsarbejder
Share capital
DKK 500k
Employees
11 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 15
Missing annual reportNo
Negative equityNo
Equity ratio19.4%
Current ratio114%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 6.8mDKK 6.9mDKK 7.2m
Net profitDKK 405kDKK 331kDKK 584k
EquityDKK 2.2mDKK 2.0mDKK 1.9m
Total assetsDKK 11.4mDKK 4.9mDKK 5.7m
CashDKK 965kDKK 110–
Short-term debtDKK 9.0mDKK 2.7m–
Tax owedDKK 93kDKK 10k–
Avg. employees910–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202583
1 Jan 2024 – 31 Dec 202487
1 Jan 2023 – 31 Dec 2023100
1 Jan 2022 – 31 Dec 202275
1 Jan 2021 – 31 Dec 202175
1 Jan 2020 – 31 Dec 202077
1 Jan 2019 – 31 Dec 201966
1 Jan 2018 – 31 Dec 201867
1 Jan 2017 – 31 Dec 2017101
1 Jan 2016 – 31 Dec 201674
1 Jan 2015 – 31 Dec 201571
1 Jan 2014 – 31 Dec 201451
1 Jan 2013 – 31 Dec 201365
1 Jan 2012 – 31 Dec 201269
4 Jan 2011 – 31 Dec 201168

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 Mads LynggaardCurrent
BoardChristian Jacob FlarupCurrent
BoardMorten Mads LynggaardCurrent
BoardLars OlesenCurrent
BoardNiels Lynggaard
Owner (15%)JOLEPO ApSCurrent
Owner (25%)NIELS LYNGGAARD HOLDING ApSCurrent
Owner (20%)CJF ApSCurrent
Owner (20%)MORTEN LYNGGAARD HOLDING ApSCurrent
Owner (25%)CJF ApS
Owner (25%)MORTEN LYNGGAARD HOLDING ApS
Owner (33%)NIELS LYNGGAARD HOLDING ApS
Owner (20%)MORTEN LYNGGAARD HOLDING ApS
Owner (20%)CJF ApS
Owner (5%)JOLEPO ApS
Owner (10%)JOLEPO ApS
Owner (25%)CJF ApS
Owner (25%)MORTEN LYNGGAARD HOLDING ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderCJF ApSCurrent
FounderMORTEN LYNGGAARD HOLDING ApSCurrent
FounderNIELS LYNGGAARD HOLDING ApSCurrent

The CEOs' other companies

Morten Mads Lynggaard – 7 other companies, of which 2 bankrupt

Address history (1 moves)

Taulov Bygade 12, 7000 Fredericia
Rosengade 3, 6600 Vejen

Employees per year

Number of employees at ETRECO A/S per year6112011: 220112012: 220122013: 420132014: 520142015: 520152016: 620162017: 920172018: 112018

Similar companies in Fredericia

Questions and answers about ETRECO A/S

Has ETRECO A/S gone bankrupt?

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

What is the bankruptcy risk of ETRECO A/S?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of ETRECO A/S?

Morten Mads Lynggaard is the CEO of ETRECO A/S.

Who is the auditor of ETRECO A/S?

ETRECO A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was ETRECO A/S founded?

ETRECO A/S was founded on 4 January 2011.

What is the equity of ETRECO A/S?

Equity was DKK 2.2m 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.