EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S

CVR 34601240 · Public limited company (A/S) · Active · Medium risk

EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S is a Public limited company (A/S), founded on , based in Sakskøbing. The company is registered in the industry genindvinding af materialer. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 13 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK -1.0m and a net result of DKK -401k. CEO: Kurt Wentzlau Søndergaard.

Bankruptcy risk for EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies3+ · bankruptcy rate 20.2%2.3×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
CEO's other companies10–30 · bankruptcy rate 6.0%0.68×

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
34601240
Status
Active
Company type
Public limited company (A/S)
Founded
(14 years)
Address
Emil Aarestrups Gade 3
4990 Sakskøbing
Municipality
Guldborgsund
Industry
Genindvinding af materialer (382100)
Bankruptcies in the industry: Genbrug af sorterede materialer
Share capital
DKK 500k
Employees
0 (2015)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 13
Missing annual reportNo
Negative equityYes
Equity ratio-65.4%
Current ratio1,995%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies8
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 142kDKK 690k
Net profitDKK -401kDKK 62k
EquityDKK -1.0mDKK -648k
Total assetsDKK 1.6mDKK 1.9m
CashDKK 27k–
Short-term debtDKK 73k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025150
1 Jul 2023 – 30 Jun 2024169
1 Jul 2022 – 30 Jun 2023183
1 Jul 2021 – 30 Jun 2022183
1 Jul 2020 – 30 Jun 2021168
1 Jul 2019 – 30 Jun 2020182
1 Jul 2018 – 30 Jun 2019190 Late
1 Jul 2017 – 30 Jun 2018165
1 Jul 2016 – 30 Jun 2017157
1 Jul 2015 – 30 Jun 2016154
1 Jul 2014 – 30 Jun 2015164
1 Jul 2013 – 30 Jun 2014183
25 Jun 2012 – 30 Jun 2013208 Late

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
CEOKurt Wentzlau SøndergaardCurrent
BoardKurt Wentzlau SøndergaardCurrent
BoardVilly Juhl SørensenCurrent
BoardAlex Thor WentzlauCurrent
BoardKurt Wentzlau Søndergaard
BoardKim Larsen
BoardRobert E Wolfe
BoardJan Isaksen
BoardJesper Jarlbæk
BoardPer Ib Agger-Nielsen
BoardLaue Traberg Smidt
BoardRobert Wolfe
BoardVibeke Wentzlau
Owner (100%)BSI Danmark ApSCurrent
Owner (100%)ECRT Development Ltd.
AuditorCROWE STATSAUTORISERET REVISIONSINTERESSENTSKAB
FounderZILO SYSTEMS A/SCurrent

The CEOs' other companies

Kurt Wentzlau Søndergaard – 26 other companies, of which 13 bankrupt

Address history (4 moves)

Emil Aarestrups Gade 3, 4990 Sakskøbing
c/o Kurt Søndergaard, Emil Aarestrups Gade 3, 4990 Sakskøbing
c/o Kurt Søndergaard, Vestergade 42, 4990 Sakskøbing
Maltrup Vænge 10, 4990 Sakskøbing
Østervej 2, 4960 Holeby

Employees per year

Number of employees at EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S per year112013: 120132014: 020142015: 02015

Other companies at the same address

Questions and answers about EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S

Has EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S gone bankrupt?

No, EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S?

Kurt Wentzlau Søndergaard is the CEO of EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S.

When was EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S founded?

EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S was founded on 25 June 2012.

What is the equity of EUROPEAN COMPOSIT RECYCLING TECHNOLOGY A/S?

Equity was DKK -1.0m 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.