Elcano Travel A/S
CVR 40732470 · Public limited company (A/S) · Active · Low risk
Elcano Travel A/S is a Public limited company (A/S), founded on , based in Glostrup. The company is registered in the industry rejsebureauers aktiviteter. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 6 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK -4.0m and a net result of DKK -856k. CEO: Asger Jon Borg Michelsen.
Bankruptcy risk for Elcano Travel A/S
0.4 × the average (1.41%) · higher risk than 60% of active Danish companies
Increases the risk
Reduces the risk
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
- 40732470
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (7 years)
- Address
- Sydvestvej 15
2600 Glostrup - Municipality
- Glostrup
- Industry
- Rejsebureauers aktiviteter (791100)
Bankruptcies in the industry: Rejsearrangører - Share capital
- DKK 500k
- Auditor
- Beierholm Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 6 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -59.4% |
| Current ratio | 121% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 13 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 930k | DKK 318k |
| Net profit | DKK -856k | DKK -1.7m |
| Equity | DKK -4.0m | DKK -3.2m |
| Total assets | DKK 6.8m | DKK 3.1m |
| Cash | DKK 3.3m | – |
| Short-term debt | DKK 5.6m | – |
| Avg. employees | 4 | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Oct 2024 – 30 Sep 2025 | 147 | ||
| 1 Oct 2023 – 30 Sep 2024 | 161 | ||
| 1 Oct 2022 – 30 Sep 2023 | 89 | ||
| 1 Oct 2021 – 30 Sep 2022 | 88 | ||
| 1 Oct 2020 – 30 Sep 2021 | 83 | ||
| 12 Aug 2019 – 30 Sep 2020 | 130 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Asger Jon Borg Michelsen | Current | |
| CEO | Michael Andersen | ||
| Board | Bent Ove Sortsø | Current | |
| Board | Torben Thomasen | Current | |
| Board | Lars Lyhne Jensen | Current | |
| Board | Camilla Sortsø | Current | |
| Board | Dan Carsten Sortsø | ||
| Board | Michael Andersen | ||
| Owner (100%) | Travelmind Group A/S | Current | |
| Owner (67%) | Travelmind Group A/S | ||
| Owner (15%) | Terra Nomas Holding ApS | ||
| Auditor | Beierholm Godkendt Revisionspartnerselskab | Current | |
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | Travelmind Group A/S | Current | |
| Founder | Terra Nomas Holding ApS | Current |
The CEOs' other companies
Michael Andersen – 3 other companies, of which 2 bankrupt
- DAGAMA TRAVEL A/S Bankrupt 6 Feb 2018
- LAMASA HOLDING ApS Bankrupt 9 Dec 2019
- Terra Nomas Holding ApS Active
Address history (2 moves)
| Sydvestvej 15, 2600 Glostrup | |
| Sydvestvej 15, 2600 Glostrup | |
| Stationsparken 25, 1., 2600 Glostrup |
Other companies at the same address
- APENDO A/S Bankrupt
- All Time Travel A/S Active
- Best One A/S Active
- CADDIE GOLFREJSER A/S Active
- Caddie Golf Scandinavia A/S Active
- Jabes Holding ApS Active
- MOTOROLA SOLUTIONS DANMARK A/S Active
- ORANGE BUSINESS DENMARK A/S Active
- SYMBOL TECHNOLOGIES A/S Fusioneret
- Sejl ApS Active
- Travel Guys ApS Active
- Travelmind Group A/S Active
- Travelmind Services ApS Active
Similar companies in Glostrup
- Caddie Golf Scandinavia A/S Glostrup
- All Time Travel A/S Glostrup
- Vakif Rejser ApS Glostrup
- CADDIE GOLFREJSER A/S Glostrup
- DANSK BILFERIE A/S Glostrup
- Friferie A/S Glostrup
- NEXT DREAM ApS Glostrup
- Vacanceselect Denmark ApS Glostrup
Questions and answers about Elcano Travel A/S
Has Elcano Travel A/S gone bankrupt?
No, Elcano Travel A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Elcano Travel 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 CEO of Elcano Travel A/S?
Asger Jon Borg Michelsen is the CEO of Elcano Travel A/S.
Who is the auditor of Elcano Travel A/S?
Elcano Travel A/S most recently used Beierholm Godkendt Revisionspartnerselskab.
When was Elcano Travel A/S founded?
Elcano Travel A/S was founded on 12 August 2019.
What is the equity of Elcano Travel A/S?
Equity was DKK -4.0m according to the annual report for the period ending 30 September 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.