FRIEBA-El A/S

CVR 38118889 · Public limited company (A/S) · Active · Low risk

FRIEBA-El A/S is a Public limited company (A/S), founded on , based in Esbjerg. The company is registered in the industry el-installation. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 9 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 2.1m and a net result of DKK 873k. CEO: Jakob Baslund Nielsen.

Bankruptcy risk for FRIEBA-El 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

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
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×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · 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
38118889
Status
Active
Company type
Public limited company (A/S)
Founded
(10 years)
Address
H E Bluhmes Vej 6
6700 Esbjerg
Municipality
Esbjerg
Industry
El-installation (432100)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 400k
Employees
11 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityNo
Equity ratio40.0%
Current ratio165%
Moves (last 2 years)1
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 6.5mDKK 5.4mDKK 6.6m
Net profitDKK 873kDKK 259kDKK 434k
EquityDKK 2.1mDKK 1.3mDKK 1.5m
Total assetsDKK 5.4mDKK 5.1mDKK 5.2m
CashDKK 1.9mDKK 468k–
Short-term debtDKK 3.2mDKK 3.6m–
Tax owedDKK 330kDKK 0–
Avg. employees99–

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 2025149
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023184 Late
1 Jan 2022 – 31 Dec 2022187 Late
1 Jan 2021 – 31 Dec 2021199 Late
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019160
1 Jan 2018 – 31 Dec 2018133
19 Oct 2016 – 31 Dec 2017107

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
CEOJakob Baslund NielsenCurrent
CEOJesper Fries
BoardJesper FriesCurrent
BoardJakob Baslund NielsenCurrent
BoardErling SørensenCurrent
BoardRasmus SørensenCurrent
Owner (50%)WEST DIESEL ENGINEERING A/SCurrent
Owner (20%)J. Baslund Holding ApSCurrent
Owner (20%)J. Fries Holding ApSCurrent
Owner (25%)Jesper Fries
Owner (67%)Jakob Baslund Nielsen
Owner (100%)FRIEBA Holding ApS
Owner (67%)J. Baslund Holding ApS
Owner (33%)J. Fries Holding ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderJesper FriesCurrent
FounderJakob Baslund NielsenCurrent

The CEOs' other companies

Jakob Baslund Nielsen – 3 other companies

Jesper Fries – 3 other companies

Address history (2 moves)

H E Bluhmes Vej 6, 6700 Esbjerg
J M Terkelsens Vej 28, st., 6731 Tjæreborg
c/o Jakob Baslund Nielsen, Niels Storgårds Vej 36, 6731 Tjæreborg

Former names

FRIEBA-El A/S – now
FRIEBA-El APS –

Employees per year

Number of employees at FRIEBA-El A/S per year6112016: 220162017: 520172018: 112018

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about FRIEBA-El A/S

Has FRIEBA-El A/S gone bankrupt?

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

What is the bankruptcy risk of FRIEBA-El 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 FRIEBA-El A/S?

Jakob Baslund Nielsen is the CEO of FRIEBA-El A/S.

Who is the auditor of FRIEBA-El A/S?

FRIEBA-El A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was FRIEBA-El A/S founded?

FRIEBA-El A/S was founded on 19 October 2016.

What is the equity of FRIEBA-El A/S?

Equity was DKK 2.1m 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.