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Frico A/S

Public limited companyCVR 37304948GrindstedActive

Frico A/S is a public limited company, based in Grindsted, active in wholesale of hardware, heating equipment and supplies, founded in 2015. Net profit fell 48% from 2025 to 2026, ending at DKK 2.9m. Equity fell to DKK 5.3m in 2026.

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Key figures · financial year 2026

Gross profitDKK 10.4m−17.2% vs. 2025
Net profitDKK 2.9m−47.9% vs. 2025
EquityDKK 5.3m−33.1% vs. 2025
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 17% (2025 → 2026), to DKK 10.4m.
  • Net profit fell 48% (2025 → 2026), to DKK 2.9m.
  • Equity fell 33% (2025 → 2026), to DKK 5.3m.

Employees

  • 2 more employees than a year earlier: 7 (07/2026) against 5 (07/2025).

Management and owners, last 24 months

  • New in management: Robert Larsson (chair of the board, 19/12/2025).
  • Stepped down: Roland Kent Kasper (chair of the board, 19/12/2025).

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 2021–2026 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7mDKK 8m202120222023202420252026
EquityNet profit
Financial figures for Frico A/S
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,7716,0017,6068,50712,60510,437−17.2%
Operating profit (EBIT)–1,3071,5603,0017,0663,690−47.8%
Profit before tax2971,2791,5202,9947,1433,703−48.2%
Net profit2289971,1792,3345,5552,897−47.9%
Total assets5,1735,6435,0949,18515,24011,733−23%
Equity6341,6302,1693,8037,8585,255−33.1%
Liabilities4,4943,9482,8425,3817,3816,478−12.2%
Cash and cash equivalents10–––––
Average number of employees445545+25%

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 2021, 2022, 2023, 2024, 2025, 2026: 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 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m202120222023202420252026
Gross profitMedian, the industry (219 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Equity fell sharply

    Equity fell 33% from 2025 to 2026 (DKK 7.9m to DKK 5.3m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Profit for five years in a row

    Net result has been positive in 2022–2026.

    How is this calculated?

    Net result is positive in the five 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 Frico A/S
Financial yearPeriodPublishedFigures forDocuments
202601/05/2025 – 30/04/202622/06/2026The companyPDF not statedXBRL
202501/05/2024 – 30/04/202512/06/2025The companyPDF not statedXBRL
202401/05/2023 – 30/04/202427/06/2024The companyPDFXBRL
202301/05/2022 – 30/04/202310/07/2023The companyPDFXBRL
202201/05/2021 – 30/04/202227/06/2022The companyPDFXBRL
202101/05/2020 – 30/04/202102/07/2021The 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
0123456708/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

219 companies in the database

Comparison with the other companies in wholesale of hardware, heating equipment and supplies based on the latest financial year.

Gross profitDKK 10.4mNo. 80 of 217
Better than 63% of the companies in the industry
EquityDKK 5.3mNo. 120 of 219
Better than 45% of the companies in the industry
Number of employees7No. 137 of 219
Better than 38% of the companies in the industry

Industry median: gross profit DKK 6.9m, net profit DKK 840k, equity DKK 6.4m, 8 employees.

DKK 154kDKK 1.4mDKK 12.4mDKK 111.2mDKK 480.2mHere
Distribution of gross profit for 208 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. 4,482of 69,742
Better than 94%
No. 13,693of 69,964
Better than 80%
Same industry and fewer than 20 employees167 companies in the comparison
No. 32of 167
Better than 81%
No. 70of 167
Better than 58%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 4,161of 33,588
Better than 88%
No. 5,870of 33,687
Better than 83%
All companies of type A/S18,025 companies in the comparison
No. 8,794of 17,786
Better than 51%
No. 11,281of 18,024
Better than 37%

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

Wholesale of hardware, heating equipment and supplies
Gross profit
  1. Frico A/SDKK 10.4m
  2. Saint-gobain Distribution Denmark A/SDKK 997.9m
  3. Ahlsell Danmark A/SDKK 730.1m
Net profit
  1. Frico A/SDKK 2.9m
  2. Saint-gobain Distribution Denmark A/SDKK 4.7m
  3. Ahlsell Danmark A/S−DKK 26.6m
Equity
  1. Frico A/SDKK 5.3m
  2. Saint-gobain Distribution Denmark A/SDKK 399.2m
  3. Ahlsell Danmark A/SDKK 611m
Employees
  1. Frico A/S7
  2. Saint-gobain Distribution Denmark A/S822
  3. Ahlsell Danmark A/S764

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
  • NORO Holding ApS25%
  • EKO Holding ApS10%
  • Systemair Aktiebolag50%
Frico A/S

Management

4 active registrations

Executive management

Executive management at Frico A/S
NameRoleAppointed
Ronnie Haugaard RasmussenCEO15/04/2017

Board of directors

Board of directors at Frico A/S
NameRoleAppointed
Ronnie Haugaard RasmussenBoard member17/01/2018
Bengt Anders Claesson UlfBoard member02/03/2020
Robert LarssonChair of the board19/12/2025
Founders
EKO Holding ApS, JSH Holding 1 B.V., JSH Holding 2 B.V.
Former management (7)
Former management at Frico A/S
NameRoleAppointedResigned
Jesper Fodor KjærBoard member15/12/201516/01/2018
Charlotte ArupChair of the board15/12/201517/01/2018
Emil Koborg OlsenDirector15/12/201514/04/2017
Emil Koborg OlsenBoard member15/12/201502/03/2020
Martin Nørgaard HøghBoard member17/01/201802/03/2020
Jesper Fodor KjærChair of the board17/01/201802/03/2020
Roland Kent KasperChair of the board02/03/202019/12/2025

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, af to bestyrelsesmedlemmer i forening, eller af den samlede bestyrelse

Address and production units

2 active production units

Thorsvej 106
7200 Grindsted

Billund Municipality · Postcode 7200

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Frico A/SThorsvej 106, 7200 Grindsted71020983821
Frico A/SAvedøreholmen 88, 2650 Hvidovre11023347241

Purpose

Selskabets formål er at drive handelsvirksomhed indenfor komfort- og industriopvarmning samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

47 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20253 changesmanagement 2 · accounts 1
  • Robert Larsson appointed chair of the board
  • Roland Kent Kasper stepped down as chair of the board
  • Annual report for 2025 published
20241 changeaccounts 1
  • Annual report for 2024 published
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
202014 changesaddress 2 · name 1 · management 5 · ownership 6
  • Moved to Thorsvej 106, 7200 Grindsted
  • Moved to Vågøvej 13, 8700 Horsens
  • Name changed from Tempus Heat A/S to Frico A/S
  • Roland Kent Kasper appointed chair of the board
  • Bengt Anders Claesson Ulf appointed board member
  • Jesper Fodor Kjær stepped down as chair of the board
  • Martin Nørgaard Høgh stepped down as board member
  • Emil Koborg Olsen stepped down as board member
  • NORO Holding ApS registered as owner (25%)
  • Systemair Aktiebolag registered as owner (50%)
  • EKO Holding ApS registered as owner (10%)
  • Estoaks Holding ApS is no longer registered as owner
  • NORO Holding ApS is no longer registered as owner
  • EKO Holding ApS is no longer registered as owner
20193 changesownership 3
  • NORO Holding ApS registered as owner (50%)
  • Estoaks Holding ApS registered as owner (10%)
  • NORO Holding ApS is no longer registered as owner
20186 changesaddress 1 · management 5
  • Moved to Slotsmarken 18, 2970 Hørsholm
  • Jesper Fodor Kjær appointed chair of the board
  • Martin Nørgaard Høgh appointed board member
  • Ronnie Haugaard Rasmussen appointed board member
  • Charlotte Arup stepped down as chair of the board
  • Jesper Fodor Kjær stepped down as board member
20177 changesownership 5 · management 2
  • NORO Holding ApS registered as owner (66.67%)
  • EKO Holding ApS registered as owner (25%)
  • JSH Holding 1 B.V. is no longer registered as owner
  • JSH Holding 2 B.V. is no longer registered as owner
  • EKO Holding ApS is no longer registered as owner
  • Ronnie Haugaard Rasmussen appointed ceo
  • Emil Koborg Olsen stepped down as director
20161 changeindustry 1
  • Industry changed to Engroshandel med isenkram, varmeanlæg og tilbehør (467400)
20158 changesownership 3 · founded 1 · management 4
  • EKO Holding ApS registered as owner (10%)
  • JSH Holding 1 B.V. registered as owner (50%)
  • JSH Holding 2 B.V. registered as owner (33.33%)
  • Registered as Tempus Heat A/S
  • Emil Koborg Olsen appointed board member
  • Charlotte Arup appointed chair of the board
  • Emil Koborg Olsen appointed director
  • Jesper Fodor Kjær appointed board member

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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.

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