FS20 Holding A/S

CVR 36910925 · Public limited company (A/S) · Active · Low risk

FS20 Holding A/S is a Public limited company (A/S), founded on , based in Rødding. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 11 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 47.5m and a net result of DKK 580k. CEO: Flemming Hansen Elgaard.

Bankruptcy risk for FS20 Holding A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×

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
36910925
Status
Active
Company type
Public limited company (A/S)
Founded
(11 years)
Address
Rosenvænget 8
6630 Rødding
Municipality
Vejen
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 11
Missing annual reportNo
Negative equityNo
Equity ratio99.1%
Current ratio10,943%
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 year202520242023
Gross profitDKK -348kDKK 67kDKK 578k
Net profitDKK 580kDKK 2.8mDKK 2.0m
EquityDKK 47.5mDKK 53.0mDKK 50.3m
Total assetsDKK 47.9mDKK 53.6mDKK 52.3m
CashDKK 9.8mDKK 18.6m–
Short-term debtDKK 329kDKK 273k–
Tax owedDKK 6,028DKK 2,090–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202576
1 Jan 2024 – 31 Dec 2024142
1 Jan 2023 – 31 Dec 202361
1 Jan 2022 – 31 Dec 2022156
1 Jan 2021 – 31 Dec 202159
1 Jan 2020 – 31 Dec 2020117
1 Jan 2019 – 31 Dec 2019239 Late
1 Jan 2018 – 31 Dec 2018137
1 Jan 2017 – 31 Dec 2017163
1 Jan 2016 – 31 Dec 2016121
1 Jan 2015 – 31 Dec 2015203 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
CEOFlemming Hansen ElgaardCurrent
BoardFlemming Hansen ElgaardCurrent
BoardAnine Nissen ElgaardCurrent
BoardJeppe Nissen ElgaardCurrent
BoardSusanne Elgaard
BoardJeppe Nissen Elgaard
Owner (100%)Flemming Hansen ElgaardCurrent
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderFlemming Hansen ElgaardCurrent

The CEOs' other companies

Flemming Hansen Elgaard – 4 other companies

Address history (1 moves)

Rosenvænget 8, 6630 Rødding
Skodborg Vestergade 1, 6630 Rødding

Former names

FS20 Holding A/S – now
BygMax Holding A/S –

Other companies at the same address

Similar companies in Vejen

Questions and answers about FS20 Holding A/S

Has FS20 Holding A/S gone bankrupt?

No, FS20 Holding A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of FS20 Holding A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of FS20 Holding A/S?

Flemming Hansen Elgaard is the CEO of FS20 Holding A/S.

Who is the auditor of FS20 Holding A/S?

FS20 Holding A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was FS20 Holding A/S founded?

FS20 Holding A/S was founded on 29 May 2015.

What is the equity of FS20 Holding A/S?

Equity was DKK 47.5m 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.