BLUE HORS ApS
CVR 15504749 · Private limited company (ApS) · Active · Low risk
BLUE HORS ApS is a Private limited company (ApS), founded on , based in Billund. The company is registered in the industry avl af heste og dyr af hestefamilien. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 187.7m and a net result of DKK -1.4m. CEO: Kurt Hedegaard Carstensen.
Bankruptcy risk for BLUE HORS ApS
0.0%
probability of bankruptcy within 12 months
Low risk
0.0 × the average (1.41%) · higher risk than 0% of active Danish companies
Lowest riskHighest risk
Increases the risk
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Reduces the risk
Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
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
- 15504749
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (35 years)
- Address
- Koldingvej 2
7190 Billund - Municipality
- Billund
- Industry
- Avl af heste og dyr af hestefamilien (014300)
Bankruptcies in the industry: Dyrkning af korn (undtagen ris), bælgfrugter og olieholdige frø - Share capital
- DKK 5.0m
- Employees
- 69 (2018)
- Auditor
- PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 31 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 99.6% |
| Current ratio | 3,815% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 10 |
| CEO's previous bankruptcies | 1 |
| Other companies at the address | 43 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 1.5m | DKK 5.3m |
| Net profit | DKK -1.4m | DKK -15.3m |
| Equity | DKK 187.7m | DKK 189.1m |
| Total assets | DKK 188.5m | DKK 194.0m |
| Cash | DKK 16.0m | – |
| Short-term debt | DKK 754k | – |
| Avg. employees | 0 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 147 | ||
| 1 Jan 2024 – 31 Dec 2024 | 133 | ||
| 1 Jan 2023 – 31 Dec 2023 | 40 | ||
| 1 Jan 2022 – 31 Dec 2022 | 123 | ||
| 1 Jan 2021 – 31 Dec 2021 | 123 | ||
| 1 Jan 2020 – 31 Dec 2020 | 125 | ||
| 1 Jan 2019 – 31 Dec 2019 | 125 | ||
| 1 Jan 2018 – 31 Dec 2018 | 127 | ||
| 1 Jan 2017 – 31 Dec 2017 | 123 | ||
| 1 Jan 2016 – 31 Dec 2016 | 122 | ||
| 1 Jan 2015 – 31 Dec 2015 | 123 | ||
| 1 Jan 2014 – 31 Dec 2014 | 127 | ||
| 1 Jan 2013 – 31 Dec 2013 | 132 | ||
| 1 Jan 2012 – 31 Dec 2012 | 106 | ||
| 1 Jan 2011 – 31 Dec 2011 | 134 | ||
| 1 Jan 2010 – 31 Dec 2010 | 103 | ||
| 1 Jan 2009 – 31 Dec 2009 | 81 | ||
| 1 Jan 2008 – 31 Dec 2008 | 133 | ||
| 1 Jan 2007 – 31 Dec 2007 | 153 | ||
| 1 Jan 2006 – 31 Dec 2006 | 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 | Kurt Hedegaard Carstensen | Current | |
| CEO | Poul Erik Fugmann | ||
| CEO | Per Emil Hasselbalch Stakemann | ||
| CEO | Esben Beck Møller | ||
| CEO | Anders Mikael Kold | ||
| CEO | Kurt Hedegaard Carstensen | ||
| CEO | Ole Magnus Petersen | ||
| Board | Kjeld Kirk Kristiansen | Current | |
| Board | Claus Borg | Current | |
| Board | Kurt Hedegaard Carstensen | Current | |
| Board | Poul Erik Fugmann | ||
| Board | Ulrik Lorenzen | ||
| Board | Steen Pedersen Horn | ||
| Board | Esben Beck Møller | ||
| Board | Inger Burkal Haugaard Barfoed | ||
| Board | Claus Thinggaard | ||
| Board | Lisbeth Snitgaard Petersen | ||
| Board | Agnete Kirk Kristiansen | ||
| Owner (100%) | KIRKBI Property A/S | Current | |
| Owner (10%) | Esben Beck Møller | ||
| Owner (67%) | KIRKBI Property A/S | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | Erik Tronborg Andersen | ||
| Auditor | ERNST & YOUNG DENMARK P/S | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Founder | VX 20.181 ApS | Current |
The CEOs' other companies
Kurt Hedegaard Carstensen – 53 other companies, of which 13 bankrupt
- DENTALMAN A/S Bankrupt 1 Jul 2009
- EJENDOMSSELSKABET AF 16. SEPTEMBER2003 A/S Bankrupt 2 Jul 2009
- FLEXA INVEST ApS Bankrupt 2 Mar 2012
- FRX FH A/S Bankrupt 25 Sep 2012
- FRX G A/S Bankrupt 21 Mar 2011
- FRX H A/S Bankrupt 22 Dec 2010
- FRX MHD A/S Bankrupt 22 Dec 2010
- FRX MHG A/S Bankrupt 22 Dec 2010
- GPV INDUSTRI A/S Bankrupt 1 Jul 2009
- GPV PCB DIVISIONEN A/S Bankrupt 21 Apr 2009
- KALVI HOLDING A/S Bankrupt 2 Mar 2012
- SELSKABET AF 30/9 2010, ESBJERG A/S Bankrupt 30 Sep 2010
- Selskab 19062025 A/S Bankrupt 24 Jun 2025
- AXCEL IKU INVEST ApS Opløst
- COC OFFICE A/S Active
- Company Healthcare A/S Active
- DANSK SKORSTENS TEKNIK A/S Active
- E. BANK LAURIDSEN HOLDING A/S Active
- EJENDOMSANPARTSSELSKABET AF 30. SEPTEMBER 2004 Active
- EP AF 27. APRIL 2006 A/S Opløst
- Ejendomsselskabet Kvist Industries A/S Active
- Eurofins Genomics Denmark A/S Active
- FLEX HEAT A/S Opløst
- FLEXA4DREAMS HOLDING A/S Active
- GBK ApS Active
- GPV ELECTRONICS A/S Fusioneret
- GPV GROUP ADMINISTRATION A/S Opløst
- GPV INTERNATIONAL A/S Active
- GREAT NORTHERN A/S Active
- HCM A/S Active
Poul Erik Fugmann – 3 other companies, of which 1 bankrupt
- MOSSØ HANDEL OG PRODUKTION, SKANDERBORG ApS Bankrupt 24 Aug 1992
- DANSK VARMBLOD OG RIDESPORT A/S Opløst
- LUNDHØJGÅRD ApS Fusioneret
Per Emil Hasselbalch Stakemann – 45 other companies, of which 45 bankrupt
- "HEDEVANG MØBLER A/S" Bankrupt 27 Nov 1990
- "J.A.M. TRANSPORTBÅND A/S" Bankrupt 18 Aug 1993
- "NELLE'S RENGØRING A/S" Bankrupt 16 Jul 1990
- 'HG 405 PAVIA AF HIRTSHALS ApS' Bankrupt 4 Jul 2007
- 'ZOO-TEX ApS' Bankrupt 25 Nov 2016
- 02 HOLDING A/S Bankrupt 16 Oct 2008
- 09.28 ANNO 2007 ApS Bankrupt 13 Feb 2009
- 1/7 1987 A/S Bankrupt 21 Aug 2003
- 100 GB ApS Bankrupt 5 May 1994
- 11 DESIGN A/S Bankrupt 28 Apr 2015
- 1356 INVEST ApS Bankrupt 8 Apr 2011
- 15/11 1990 A/S Bankrupt 11 Oct 1994
- 15689382 ApS Bankrupt 26 Jun 2017
- 19.09.2021 ApS Bankrupt 8 Dec 2023
- 23/5 914 ApS Bankrupt 25 Jun 1991
- 3 X 65 SERVICE ApS Bankrupt 3 Mar 1997
- 3 X P A/S Bankrupt 10 Sep 1990
- 31.12.2007 X A/S Bankrupt 28 Oct 2008
- 3B DEVELOPMENT GROUP ApS Bankrupt 2 Nov 2006
- 4 FONTANE ApS Bankrupt 2 Oct 2002
- 4A MANAGEMENT ApS Bankrupt 7 May 1992
- 7 9 13 FORSIKRINGSERVICE ApS Bankrupt 20 Mar 2024
- A - INFORMATIK A/S Bankrupt 9 Oct 2013
- A J J FINANS NR. 1 ApS Bankrupt 23 Feb 1995
- A'SHARQ TV ApS Bankrupt 26 Nov 1992
- A-T SPECIALENTREPRICE ApS Bankrupt 3 Aug 2001
- A. K. OLIE ApS Bankrupt 18 Nov 2008
- A. UNO ApS Bankrupt 19 Jan 1996
- A.B. BYG ApS Bankrupt 4 Dec 1996
- A.H. GRAFIK ApS Bankrupt 23 Jan 1990
Esben Beck Møller – 3 other companies
- Bakkegaard ApS Active
- LUNDHØJGÅRD ApS Fusioneret
- SCHELENBORG GODS ApS Active
Anders Mikael Kold – 20 other companies, of which 6 bankrupt
- Anpartsselskabet af 21.10.2013 Bankrupt 1 Jun 2017
- Datoselskabet af 2 juni 2025 A/S Bankrupt 25 Jun 2025
- ESDA 1904 A.M.B.A. Bankrupt 4 Oct 2013
- KIOSKEN VED HAVNEN. KLB. ApS Bankrupt 29 Jan 2019
- M/S AF 20/9 1993 A/S Bankrupt 16 Oct 1995
- MERRY A/S Bankrupt 18 Jun 2002
- AUTOHAVE ApS Active
- Aktieselskabet af 1. januar 2021 Opløst
- BINDEBALLEGÅRD ApS Fusioneret
- BUTIKSDELTAGER INVEST ApS Opløst
- KIF HÅNDBOLD ELITE A/S Active
- LETO IS A/S Opløst
- LM WIND POWER A/S Active
- LUNDHØJGÅRD ApS Fusioneret
- MOUNT BALDY A/S Active
- NORWELL.A/S Active
- NYBORGVEJ 240-260, ODENSE ApS Active
- SPORTSMAGASINET FAABORG ApS Fusioneret
- SPORTSMAN A/S Fusioneret
- V. HOLM JENSEN ApS Active
Address history (2 moves)
| Koldingvej 2, 7190 Billund | |
| Tørskindvej 70, 7183 Randbøl | |
| Tørskindvej 70, 7183 Randbøl |
Former names
| BLUE HORS ApS | – now |
| ApS KBUS 38 NR. 1891 | – |
Employees per year
Other companies at the same address
- A&C HOLDING, BILLUND ApS Fusioneret
- AKKCO2 by heart ApS Fusioneret
- AKTIESELSKABET KOLDINGVEJ 2 AF 12.MARTS 2009 Fusioneret
- AKTIESELSKABET KOLDINGVEJ 2, BILLUND Opløst
- BINDEBALLEGÅRD ApS Fusioneret
- Company Healthcare A/S Active
- DICON A/S Opløst
- EJENDOMSANPARTSSELSKABET AF 30. SEPTEMBER 2004 Active
- EP AF 27. APRIL 2006 A/S Opløst
- Earthkeeper Ecuador ApS Active
- Earthkeeper Holding ApS Active
- Holdingselskabet af 30. juni 2025, Billund A/S Active
- K 15.11.2002 ApS Opløst
- KIPAL 2007 ApS Opløst
- KIRAX ApS Opløst
- KIRK OG KIRK HOLDING ApS Active
- KIRK83 Holding ApS Active
- KIRKBI A/S Active
- KIRKBI A/S Fusioneret
- KIRKBI AKTIER A/S Opløst
- KIRKBI ANLÆG A/S Active
- KIRKBI Climate A/S Active
- KIRKBI EJENDOMSINVESTERINGSSELSKABA/S Opløst
- KIRKBI INSURANCE A/S Opløst
- KIRKBI Investment Management A/S Active
Similar companies in Billund
- SA Horses ApS Grindsted
- DM DRESSAGE ApS Grindsted
Questions and answers about BLUE HORS ApS
Has BLUE HORS ApS gone bankrupt?
No, BLUE HORS ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of BLUE HORS ApS?
Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of BLUE HORS ApS?
Kurt Hedegaard Carstensen is the CEO of BLUE HORS ApS.
Who is the auditor of BLUE HORS ApS?
BLUE HORS ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was BLUE HORS ApS founded?
BLUE HORS ApS was founded on 1 September 1991.
What is the equity of BLUE HORS ApS?
Equity was DKK 187.7m 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.