HECO INTERNATIONAL A/S

CVR 37660612 · Public limited company (A/S) · Active · Low risk

HECO INTERNATIONAL A/S is a Public limited company (A/S), founded on , based in Hedensted. The company is registered in the industry fremstilling af motorer og turbiner, undtagen motorer til flyvemaskiner, motorkøretøjer og knallerter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 80.3m and a net result of DKK 16.7m.

Bankruptcy risk for HECO INTERNATIONAL A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Reporting classReporting class B · bankruptcy rate 3.2%0.37×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×

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
37660612
Status
Active
Company type
Public limited company (A/S)
Founded
(54 years)
Address
Hecovej 1
8722 Hedensted
Municipality
Hedensted
Industry
Fremstilling af motorer og turbiner, undtagen motorer til flyvemaskiner, motorkøretøjer og knallerter (281100)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 3.0m
Employees
34 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 30
Missing annual reportNo
Negative equityNo
Equity ratio70.3%
Current ratio460%
Moves (last 2 years)0
CEO changes in total11
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 43.1mDKK 29.9mDKK 21.0m
Net profitDKK 16.7mDKK 6.4mDKK 2.1m
EquityDKK 80.3mDKK 63.7mDKK 57.2m
Total assetsDKK 114.3mDKK 93.4mDKK 86.6m
CashDKK 4.8mDKK 1.6m–
Short-term debtDKK 22.5mDKK 24.2m–
Avg. employees3429–

Latest annual report: Reporting class B · auditor's statement: Auditor's report on audited financial statements · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025142
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023136
1 Jul 2021 – 31 Dec 2022185 Late
1 Jul 2020 – 30 Jun 202169
1 Jul 2019 – 30 Jun 2020100
1 Jul 2018 – 30 Jun 201972
1 Jul 2017 – 30 Jun 2018143
1 Jul 2016 – 30 Jun 2017150
1 Jan 2015 – 30 Jun 2016160
1 Jan 2014 – 31 Dec 201489
1 Jan 2013 – 31 Dec 201393
1 Jan 2012 – 31 Dec 2012104
1 Jan 2011 – 31 Dec 201175
1 Jan 2010 – 31 Dec 201081
1 Jan 2009 – 31 Dec 200997
1 Jan 2008 – 31 Dec 200883
1 Jan 2007 – 31 Dec 200797
1 Jan 2006 – 31 Dec 200681
1 Jan 2005 – 31 Dec 200574

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
CEOAnders Friis-Holm Bertelsen
CEOKarsten Lindved
CEOOscar William Gunner
CEOInge Harting Bodskov
CEOHenning Høgh
CEOThomas Kastrup Sørensen
BoardJesper Teddy LokCurrent
BoardAnders EgehusCurrent
BoardIbrahim Hassan Mustafa HassanCurrent
BoardOle Hoppe
BoardIb Skovbo
BoardOle Grünfeld
BoardEmilie Christine Brøndum Cornelius
BoardSøren Tommy Sørensen
BoardPreben Thorius Lund
BoardBo Kristensen
BoardThomas Marstrand
BoardNiels Henrik Jensen
BoardKristian la Cour
BoardSøren Klarskov Vilby
BoardLiselotte Grønborg Lundberg
BoardRune Lillie Gornitzka
BoardThomas Synnestvedt Knudsen
BoardBernd Bertram
BoardRasmus Hans Jensen
BoardThomas Kastrup Sørensen
Owner (100%)GERTSEN & OLUFSEN A/SCurrent
Owner (0%)HECO HOLDING A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPricewaterhouseCoopers I/S
AuditorPricewaterhouseCoopers I/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

Karsten Lindved – 21 other companies, of which 1 bankrupt

Oscar William Gunner – 6 other companies

Inge Harting Bodskov – 12 other companies

Henning Høgh – 10 other companies

Thomas Kastrup Sørensen – 33 other companies, of which 1 bankrupt

Address history (2 moves)

Hecovej 1, 8722 Hedensted
Hecovej 1, 8722 Hedensted
Hecovej 1, 8722 Hedensted

Employees per year

Number of employees at HECO INTERNATIONAL A/S per year17342011: 3420112012: 2420122013: 2720132014: 2720142015: 2920152016: 2720162017: 2520172018: 342018

Other companies at the same address

Questions and answers about HECO INTERNATIONAL A/S

Has HECO INTERNATIONAL A/S gone bankrupt?

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

What is the bankruptcy risk of HECO INTERNATIONAL 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 auditor of HECO INTERNATIONAL A/S?

HECO INTERNATIONAL A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was HECO INTERNATIONAL A/S founded?

HECO INTERNATIONAL A/S was founded on 2 December 1971.

What is the equity of HECO INTERNATIONAL A/S?

Equity was DKK 80.3m 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.