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Elcano Travel A/S

Public limited companyCVR 40732470GlostrupActive

Elcano Travel A/S is a public limited company, based in Glostrup, active in travel agency activities, founded in 2019. Equity was negative at the end of 2025 (−DKK 4m). The company made a loss in both 2024 and 2025, most recently DKK 856k. 7 other companies in the database are registered at the same address.

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Key figures · financial year 2025

Gross profitDKK 930k+192.5% vs. 2024
Net profit−DKK 856k+48.3% vs. 2024
Equity−DKK 4m−26.8% vs. 2024
Employees6latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 193% (2024 → 2025), to DKK 930k.
  • The loss got smaller: from DKK 1.7m to DKK 856k (2024 → 2025).

Employees

  • 2 more employees than a year earlier: 6 (07/2026) against 4 (07/2025).

Management and owners, last 24 months

  • New in management: Asger Jon Borg Michelsen (director, 11/12/2024).
  • Stepped down: Michael Andersen (director, 11/12/2024) and Michael Andersen (board member, 11/12/2024).
  • New owners registered: Travelmind Group A/S (01/05/2025).
  • No longer registered as owner: Travelmind Group A/S (30/04/2025) and Terra Nomas Holding ApS (01/05/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Travel agency activities (791100)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 5m−DKK 4m−DKK 3m−DKK 2m−DKK 1mDKK 0DKK 1mDKK 2m202020212022202320242025
EquityNet profit
Financial figures for Elcano Travel A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−468−144−86−608318930+192.5%
Operating profit (EBIT)–−144−776−2,551−1,677−823+50.9%
Profit before tax−599−151−782−2,539−1,658−862+48%
Net profit−469−118−610−2,339−1,656−856+48.3%
Total assets2,0261,5231,7431,3733,1476,808+116.3%
Equity1,5311,413804−1,535−3,191−4,047−26.8%
Liabilities400158572,9096,33810,855+71.3%
Cash and cash equivalents1,2669364832498623,268+279%
Average number of employees001334+33.3%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 1m−DKK 500kDKK 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5m202020212022202320242025
Gross profitMedian, the industry (125 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 4m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Elcano Travel A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202524/02/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202410/03/2025The companyPDFXBRL
202301/10/2022 – 30/09/202328/12/2023The companyPDFXBRL
202201/10/2021 – 30/09/202227/12/2022The companyPDFXBRL
202101/10/2020 – 30/09/202122/12/2021The companyPDFXBRL
202012/08/2019 – 30/09/202007/02/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
012345608/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

125 companies in the database

Comparison with the other companies in travel agency activities based on the latest financial year.

Gross profitDKK 930kNo. 97 of 125
Better than 23% of the companies in the industry
Equity−DKK 4mNo. 123 of 125
Better than 2% of the companies in the industry
Number of employees6No. 65 of 125
Better than 48% of the companies in the industry

Industry median: gross profit DKK 2.8m, net profit DKK 448k, equity DKK 2m, 5 employees.

DKK 100kDKK 760kDKK 5.8mDKK 43.9mDKK 169.5mHere
Distribution of gross profit for 119 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 46,057of 69,742
Better than 34%
No. 69,000of 69,964
Better than 1%
Same industry and fewer than 20 employees99 companies in the comparison
No. 73of 99
Better than 27%
No. 97of 99
Better than 2%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 23,906of 33,588
Better than 29%
No. 32,961of 33,687
Better than 2%
All companies of type A/S18,025 companies in the comparison
No. 15,708of 17,786
Better than 12%
No. 17,638of 18,024
Better than 2%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Travel agency activities
Gross profit
  1. Elcano Travel A/SDKK 930k
  2. Kilroy International A/SDKK 333.1m
  3. Albatros Travel A/SDKK 173.1m
Net profit
  1. Elcano Travel A/S−DKK 856k
  2. Kilroy International A/SDKK 11.6m
  3. Albatros Travel A/SDKK 27.5m
Equity
  1. Elcano Travel A/S−DKK 4m
  2. Kilroy International A/SDKK 54.7m
  3. Albatros Travel A/SDKK 102.3m
Employees
  1. Elcano Travel A/S6
  2. Kilroy International A/S79
  3. Albatros Travel A/S148

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Travelmind Group A/S100%
Elcano Travel A/S

Management

5 active registrations

Executive management

Executive management at Elcano Travel A/S
NameRoleAppointed
Asger Jon Borg MichelsenDirector11/12/2024

Board of directors

Board of directors at Elcano Travel A/S
NameRoleAppointed
Bent Ove SortsøBoard member12/08/2019
Torben ThomasenChair of the board12/08/2019
Lars Lyhne JensenBoard member12/08/2019
Camilla SortsøBoard member16/12/2021
Founders
Travelmind Group A/S, Terra Nomas Holding ApS
Former management (3)
Former management at Elcano Travel A/S
NameRoleAppointedResigned
Dan Carsten SortsøBoard member12/08/201907/11/2023
Michael AndersenDirector12/08/201911/12/2024
Michael AndersenBoard member12/08/201911/12/2024

Signing rule: Selskabet tegnes af direktøren i forening med bestyrelsesformanden, eller af direktøren i forening med 2 bestyrelsesmedlemmer eller af 3 medlemmer af bestyrelsen.

Address and production units

1 active production units

Sydvestvej 15
2600 Glostrup

Glostrup Municipality · Postcode 2600

Other companies at the address (7)

Production units
Production unitAddressEmployeesP number
Elcano Travel A/SSydvestvej 15, 2600 Glostrup51024965828

Purpose

Selskabets formål er rejsebureauvirksomhed og dermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

26 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20255 changesownership 3 · accounts 1 · industry 1
  • Travelmind Group A/S registered as owner (100%)
  • Terra Nomas Holding ApS is no longer registered as owner
  • Travelmind Group A/S is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Travel agency activities (791100)
20243 changesmanagement 3
  • Asger Jon Borg Michelsen appointed director
  • Michael Andersen stepped down as board member
  • Michael Andersen stepped down as director
20233 changesaccounts 1 · management 1 · address 1
  • Annual report for 2023 published
  • Dan Carsten Sortsø stepped down as board member
  • Moved to Sydvestvej 15, 2600 Glostrup
20222 changesaccounts 1 · address 1
  • Annual report for 2022 published
  • Moved to Sydvestvej 15, 2600 Glostrup
20213 changesaccounts 2 · management 1
  • Annual report for 2021 published
  • Camilla Sortsø appointed board member
  • Annual report for 2020 published
20199 changesfounded 1 · management 6 · ownership 2
  • Registered as Elcano Travel A/S
  • Michael Andersen appointed board member
  • Bent Ove Sortsø appointed board member
  • Dan Carsten Sortsø appointed board member
  • Lars Lyhne Jensen appointed board member
  • Torben Thomasen appointed chair of the board
  • Michael Andersen appointed director
  • Travelmind Group A/S registered as owner (66.67%)
  • Terra Nomas Holding ApS registered as owner (15%)

Related companies

Same industry in Glostrup

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction