FCL A/S

CVR 38815458 · Public limited company (A/S) · Active · Medium risk

FCL A/S is a Public limited company (A/S), founded on , based in Odense C. The company is registered in the industry anden specialiseret engroshandel i.a.n.. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 8 annual reports have been published, of which 8 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -180k and a net result of DKK -18k. CEO: Mads Henrik Kristensen.

Bankruptcy risk for FCL A/S

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
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×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
38815458
Status
Active
Company type
Public limited company (A/S)
Founded
(9 years)
Address
Bøgebjergvej 35
5000 Odense C
Municipality
Odense
Industry
Anden specialiseret engroshandel i.a.n. (468900)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
0 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late8 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-120.0%
Current ratio46%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies2
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -17kDKK 0DKK -1,500
Net profitDKK -18kDKK -863DKK -3,113
EquityDKK -180kDKK -162kDKK -161k
Total assetsDKK 150kDKK 167kDKK 167k
CashDKK 50kDKK 50k–
Short-term debtDKK 330kDKK 329k–
Avg. employees10–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025195 Late
1 Jan 2024 – 31 Dec 2024189 Late
1 Jan 2023 – 31 Dec 2023184 Late
1 Jan 2022 – 31 Dec 2022200 Late
1 Jan 2021 – 31 Dec 2021201 Late
1 Jan 2020 – 31 Dec 2020197 Late
1 Jan 2019 – 31 Dec 2019261 Late
20 Jul 2017 – 31 Dec 2018187 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
CEOMads Henrik KristensenCurrent
CEOMads Henrik Kristensen
CEOThomas Nicola Ulisse
BoardThomas Nicola UlisseCurrent
BoardJens Christian RasmussenCurrent
BoardMads Henrik KristensenCurrent
Owner (50%)FRANCESCO ULISSE ApSCurrent
Owner (33%)Initial International LimitedCurrent
Owner (100%)FRANCESCO ULISSE ApS
FounderFRANCESCO ULISSE ApSCurrent

The CEOs' other companies

Mads Henrik Kristensen – 13 other companies, of which 4 bankrupt

Thomas Nicola Ulisse – 7 other companies

Address history (1 moves)

Bøgebjergvej 35, 5000 Odense C
Havnegade 57, 5000 Odense C

Employees per year

Number of employees at FCL A/S per year112018: 02018

Other companies at the same address

Similar companies in Odense

Questions and answers about FCL A/S

Has FCL A/S gone bankrupt?

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

What is the bankruptcy risk of FCL A/S?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of FCL A/S?

Mads Henrik Kristensen is the CEO of FCL A/S.

When was FCL A/S founded?

FCL A/S was founded on 20 July 2017.

What is the equity of FCL A/S?

Equity was DKK -180k 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.