EXHIBIT 12.2

                                 CERTIFICATIONS

I, Soren Degn, certify that:

1.    I have reviewed this annual report on Form 20-F of EuroTrust A/S;

2.    Based on my knowledge,  this report does not contain any untrue  statement
      of material  fact or omit to state a material  fact  necessary to make the
      statements made, in light of the circumstances under which such statements
      were made,  not  misleading  with  respect  to the period  covered by this
      report;

3.    Based on my  knowledge,  the  financial  statements,  and other  financial
      information  included  in this  report,  fairly  present  in all  material
      respects the financial condition,  results of operations and cash flows of
      the company as of, and for, the periods presented in this report;

4.    The  company's  other  certifying  officer(s)  and I are  responsible  for
      establishing  and  maintaining  disclosure  controls  and  procedures  (as
      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the company and
      have:

            a)    Designed such disclosure  controls and  procedures,  or caused
                  such  disclosure  controls and procedures to be designed under
                  our supervision,  to ensure that material information relating
                  to the company,  including its consolidated  subsidiaries,  is
                  made known to us by others within those entities, particularly
                  during the period in which this report is being prepared;

            b)    Evaluated  the  effectiveness  of  the  company's   disclosure
                  controls  and  procedures  and  presented  in this  report our
                  conclusions about the effectiveness of the disclosure controls
                  and  procedures,  as of the end of the period  covered by this
                  report based on such evaluation; and

            c)    Disclosed in this report any change in the company's  internal
                  control over  financial  reporting  that  occurred  during the
                  period  covered  by the  annual  report  that  has  materially
                  affected,  or is reasonably likely to materially  affect,  the
                  company's internal control over financial reporting; and

5.    The company's other certifying  officer(s) and I have disclosed,  based on
      our most recent  evaluation of internal control over financial  reporting,
      to the company's  auditors and the audit  committee of the company's board
      of directors (or persons performing the equivalent functions):

            a)    All significant  deficiencies  and material  weaknesses in the
                  design  or  operation  of  internal   control  over  financial
                  reporting which are reasonably  likely to adversely affect the
                  company's  ability to record,  process,  summarize  and report
                  financial information; and

            b)    Any fraud,  whether or not material,  that involves management
                  or  other  employees  who  have  a  significant  role  in  the
                  company's internal control over financial reporting.

Date: June 1, 2005

                                                     /s/ Soren Degn
                                                     -----------------------
                                                     Soren Degn
                                                     Chief Financial Officer