Culnaro A/S

CVR 45035522 · Public limited company (A/S) · Active · High risk

Culnaro A/S is a Public limited company (A/S), founded on , based in Holte. The company is registered in the industry engroshandel med hvidevarer og elektriske husholdningsartikler. Our model estimates a bankruptcy risk of 6.5% over the next 12 months, which is 4.6 times the average for Danish companies. 1 annual report has been published. The latest annual report (31 Dec 2025) shows equity of DKK -130k and a net result of DKK -530k. CEO: Henrik Elsborg.

Bankruptcy risk for Culnaro A/S

6.5%
probability of bankruptcy within 12 months
High risk

4.6 × the average (1.41%) · higher risk than 94% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports1 · bankruptcy rate 18.7%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×

Reduces the risk

Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Number of auditors (historical)1 · bankruptcy rate 6.2%0.70×

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
45035522
Status
Active
Company type
Public limited company (A/S)
Founded
(2 years)
Address
Kongevejen 340
2840 Holte
Municipality
Rudersdal
Industry
Engroshandel med hvidevarer og elektriske husholdningsartikler (464310)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 400k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 1
Missing annual reportNo
Negative equityYes
Equity ratio-63.2%
Current ratio43%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address12
Going-concern uncertaintyYes

Financials and key figures

Financial year2025
Gross profitDKK -503k
Net profitDKK -530k
EquityDKK -130k
Total assetsDKK 206k
CashDKK 72k
Short-term debtDKK 336k
Avg. employees1

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
26 Aug 2024 – 31 Dec 2025117

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
CEOHenrik ElsborgCurrent
BoardHenrik ElsborgCurrent
BoardLouise ElsborgCurrent
BoardJonas Thusgaard ElsborgCurrent
BoardMarco CarettoCurrent
Owner (50%)Henrik ElsborgCurrent
Owner (50%)Louise ElsborgCurrent
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderHenrik ElsborgCurrent
FounderLouise ElsborgCurrent

Address history (1 moves)

Kongevejen 340, 2840 Holte
Kongevejen 340, 2840 Holte

Other companies at the same address

Similar companies in Rudersdal

Questions and answers about Culnaro A/S

Has Culnaro A/S gone bankrupt?

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

What is the bankruptcy risk of Culnaro A/S?

Our model estimates a bankruptcy risk of 6.5% over the next 12 months (high risk), which is 4.6 times the average for Danish companies.

Who is the CEO of Culnaro A/S?

Henrik Elsborg is the CEO of Culnaro A/S.

Who is the auditor of Culnaro A/S?

Culnaro A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Culnaro A/S founded?

Culnaro A/S was founded on 26 August 2024.

What is the equity of Culnaro A/S?

Equity was DKK -130k 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.