Frico A/S

CVR 37304948 · Public limited company (A/S) · Active · Low risk

Frico A/S is a Public limited company (A/S), founded on , based in Grindsted. The company is registered in the industry engroshandel med isenkram, varmeanlæg og tilbehør. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 10 annual reports have been published. The latest annual report (30 Apr 2026) shows equity of DKK 5.3m and a net result of DKK 2.9m.

Bankruptcy risk for Frico A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
37304948
Status
Active
Company type
Public limited company (A/S)
Founded
(10 years)
Address
Thorsvej 106
7200 Grindsted
Municipality
Billund
Industry
Engroshandel med isenkram, varmeanlæg og tilbehør (468400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
6 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 10
Missing annual reportNo
Negative equityNo
Equity ratio44.8%
Current ratio179%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK 10.4mDKK 12.6mDKK 8.5m
Net profitDKK 2.9mDKK 5.6mDKK 2.3m
EquityDKK 5.3mDKK 7.9mDKK 3.8m
Total assetsDKK 11.7mDKK 15.2mDKK 9.2m
Short-term debtDKK 6.5mDKK 7.4m–
Tax owedDKK 813kDKK 1.6m–
Avg. employees54–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 May 2025 – 30 Apr 202653
1 May 2024 – 30 Apr 202543
1 May 2023 – 30 Apr 202458
1 May 2022 – 30 Apr 202371
1 May 2021 – 30 Apr 202258
1 May 2020 – 30 Apr 202163
1 May 2019 – 30 Apr 2020155
1 May 2018 – 30 Apr 2019155
1 May 2017 – 30 Apr 201839
15 Dec 2015 – 30 Apr 201750

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
CEOEmil Koborg Olsen
BoardRonnie Haugaard RasmussenCurrent
BoardBengt Anders Claesson UlfCurrent
BoardRobert LarssonCurrent
BoardJesper Fodor Kjær
BoardCharlotte Arup
BoardEmil Koborg Olsen
BoardMartin Nørgaard Høgh
BoardJesper Fodor Kjær
BoardRoland Kent Kasper
Owner (25%)NORO Holding ApSCurrent
Owner (10%)EKO Holding ApSCurrent
Owner (50%)Systemair AktiebolagCurrent
Owner (10%)EKO Holding ApS
Owner (50%)JSH Holding 1 B.V.
Owner (33%)JSH Holding 2 B.V.
Owner (67%)NORO Holding ApS
Owner (25%)EKO Holding ApS
Owner (50%)NORO Holding ApS
Owner (10%)Estoaks Holding ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorBeierholm Godkendt Revisionspartnerselskab
FounderEKO Holding ApSCurrent
FounderJSH Holding 1 B.V.Current
FounderJSH Holding 2 B.V.Current

The CEOs' other companies

Emil Koborg Olsen – 1 other companies

Address history (3 moves)

Thorsvej 106, 7200 Grindsted
Vågøvej 13, 8700 Horsens
Slotsmarken 18, 2970 Hørsholm
Helge Nielsens Alle 6H, 8723 Løsning

Former names

Frico A/S – now
Tempus Heat A/S –

Employees per year

Number of employees at Frico A/S per year362016: 320162017: 320172018: 62018

Other companies at the same address

Similar companies in Billund

Questions and answers about Frico A/S

Has Frico A/S gone bankrupt?

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

What is the bankruptcy risk of Frico A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the auditor of Frico A/S?

Frico A/S most recently used EY Godkendt Revisionspartnerselskab.

When was Frico A/S founded?

Frico A/S was founded on 15 December 2015.

What is the equity of Frico A/S?

Equity was DKK 5.3m according to the annual report for the period ending 30 April 2026.

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