HOTEL DEVELOPMENT S. AFRICA A/S

CVR 21772682 · Public limited company (A/S) · Active · Low risk

HOTEL DEVELOPMENT S. AFRICA A/S is a Public limited company (A/S), founded on 25 May 1999, based in København S. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 75.5m and a net result of DKK 3.3m. CEO: Lars Gordon Nielsen.

Bankruptcy risk for HOTEL DEVELOPMENT S. AFRICA A/S

0.1%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

RegionHovedstaden · bankruptcy rate 11.6%1.3×

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×

Equity vs. share capital5+× · 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×

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

Company typeA/S · bankruptcy rate 4.4%0.50×

Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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: 21772682
Status: Active
Company type: Public limited company (A/S)
Founded: 25 May 1999 (27 years)
Address: Amager Boulevard 70
2300 København S
Municipality: København
Industry: Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 1.0m
Auditor: KPMG P/S
Audit opted out: No

Warning signs

Annual reports filed late	3 of 27
Missing annual report	No
Negative equity	No
Equity ratio	63.6%
Current ratio	154%
Moves (last 2 years)	0
CEO changes in total	4
CEO's previous bankruptcies	0
Other companies at the address	20
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024	2023
Gross profit	DKK -70k	DKK -67k	DKK -47k
Net profit	DKK 3.3m	DKK 51.0m	DKK 3.6m
Equity	DKK 75.5m	DKK 72.3m	DKK 21.3m
Total assets	DKK 118.9m	DKK 91.2m	DKK 50.1m
Short-term debt	DKK 43.3m	DKK 18.9m	–
Avg. employees	0	–	–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionsparterselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	25 Jun 2026	176
1 Jan 2024 – 31 Dec 2024	29 Jun 2025	180
1 Jan 2023 – 31 Dec 2023	21 Jun 2024	173
1 Jan 2022 – 31 Dec 2022	9 Jun 2023	160
1 Jan 2021 – 31 Dec 2021	12 Jul 2022	193	Late
1 Jan 2020 – 31 Dec 2020	7 Jul 2021	188	Late
1 Jan 2019 – 31 Dec 2019	8 Sep 2020	252	Late
1 Jan 2018 – 31 Dec 2018	4 Jun 2019	155
1 Jan 2017 – 31 Dec 2017	11 Jun 2018	162
1 Jan 2016 – 31 Dec 2016	2 Jun 2017	153
1 Jan 2015 – 31 Dec 2015	3 Jun 2016	155
1 Jan 2014 – 31 Dec 2014	2 Jun 2015	153
1 Jan 2013 – 31 Dec 2013	21 May 2014	141
1 Jan 2012 – 31 Dec 2012	9 May 2013	129
1 Jan 2011 – 31 Dec 2011	29 May 2012	150
1 Jan 2010 – 31 Dec 2010	2 Jun 2011	153
1 Jan 2009 – 31 Dec 2009	2 Jun 2010	153
1 Jan 2008 – 31 Dec 2008	21 May 2009	141
1 Jan 2007 – 31 Dec 2007	11 Jun 2008	163
1 Jan 2006 – 31 Dec 2006	17 Jun 2007	168

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	Lars Gordon Nielsen	21 Sep 2020	Current
CEO	Yvonne Piroska Makar	25 May 1999	12 Mar 2001
CEO	Gopal Krishan Sawhney	12 Mar 2001	21 Sep 2020
Board	Inigo Capell Arrieta	31 Oct 2017	Current
Board	Eva-Maria Margaretha Erauw	20 Nov 2017	Current
Board	Rafael Sueiro Pombo	2 Jun 2023	Current
Board	Eric Souny	1 Jan 2025	Current
Board	Bahram Sadr-Hashemi	25 May 1999	13 Aug 2003
Board	Yvonne Piroska Makar	25 May 1999	12 Mar 2001
Board	Gopal Krishan Sawhney	12 Mar 2001	18 May 2006
Board	Britt Marianne Ruhngård	12 Mar 2001	31 Dec 2014
Board	Kurt Ritter	3 Apr 2002	6 Nov 2007
Board	Lars Høvids Gudbergsen	18 May 2006	6 Nov 2007
Board	Lars Gordon Nielsen	6 Nov 2007	21 Sep 2020
Board	Knut Jan Kleiven	14 Dec 2007	31 May 2019
Board	Sven Gösta Andreas Fondell	31 Dec 2014	1 Jan 2025
Board	Ingrid Jenny Winkler	8 Oct 2015	31 Oct 2017
Board	Sergio Amodeo	31 May 2019	2 Jun 2023
Owner (100%)	Radisson Hotels ApS Danmark	25 May 1999	Current
Auditor	KPMG P/S	19 Jun 2026	Current
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	25 May 1999	13 Oct 2011
Auditor	DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB	13 Oct 2011	30 Jun 2017
Auditor	PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB	30 Jun 2017	19 Jun 2026
Founder	Radisson Hotels ApS Danmark	25 May 1999	Current

The CEOs' other companies

Lars Gordon Nielsen – 23 other companies

AFRICA JOINT VENTURE HOLDING A/S Fusioneret
AFRINORD HOTEL INVESTMENTS A/S Active
NORDRUS HOTEL HOLDINGS A/S Opløst
NORDRUS JOINT VENTURE ApS Opløst
RADISSON CORNERSTONE A/S Opløst
RADISSON HOTEL INVESTMENT EGYPT A/S Active
RADISSON HOTEL KIEV A/S Active
RADISSON HOTEL MANAGEMENT & DEVELOPMENT A/S Active
RADISSON LOYALTY MANAGEMENT A/S Opløst
RADISSON SCANDINAVIA HOTEL AARHUS A/S Active
RADISSON SCANDINAVIA HOTEL COPENHAGEN ApS Active
REZIDOR COUNTRY A/S Fusioneret
REZIDOR HOTEL INVESTMENT A/S Opløst
REZIDOR HOTEL INVESTMENT FRANCE ApS Fusioneret
REZIDOR LIFESTYLE A/S Fusioneret
REZIDOR PARK ApS Fusioneret
REZIDOR SERVICES A/S Opløst
Radisson Hospitality Denmark ApS Active
Radisson Hotels ApS Danmark Active
Radisson Royal Hotel Copenhagen ApS Active
Radisson Services A/S Active
SIHSKA A/S Opløst
Silks A/S Opløst

Gopal Krishan Sawhney – 29 other companies, of which 1 bankrupt

HOLDINGSELSKABET AF 24.10.2001 ApS Bankrupt 23 May 2002
AFRICA JOINT VENTURE HOLDING A/S Fusioneret
AFRINORD HOTEL INVESTMENTS A/S Active
G2 REVISION ApS Active
HOTEL INVESTMENT TURKEY A/S Opløst
NORDRUS HOTEL HOLDINGS A/S Opløst
NORDRUS JOINT VENTURE ApS Opløst
RADISSON CORNERSTONE A/S Opløst
RADISSON HOTEL INVESTMENT EGYPT A/S Active
RADISSON HOTEL KIEV A/S Active
RADISSON HOTEL MANAGEMENT & DEVELOPMENT A/S Active
RADISSON LOYALTY MANAGEMENT A/S Opløst
RADISSON SCANDINAVIA HOTEL AARHUS A/S Active
RADISSON SCANDINAVIA HOTEL COPENHAGEN ApS Active
REZIDOR COUNTRY A/S Fusioneret
REZIDOR FALCONER CENTER A/S Opløst
REZIDOR HOTEL INVESTMENT A/S Opløst
REZIDOR HOTEL INVESTMENT FRANCE ApS Fusioneret
REZIDOR INTERNATIONAL HOTELS SELECTION ApS Fusioneret
REZIDOR LIFESTYLE A/S Fusioneret
REZIDOR PARK ApS Fusioneret
REZIDOR RIGA HOTEL A/S Fusioneret
REZIDOR SERVICES A/S Opløst
Radisson Hotels ApS Danmark Active
Radisson Royal Hotel Copenhagen ApS Active
Radisson Services A/S Active
SAS SCANDINAVIA HOTEL A/S Opløst
SIHSKA A/S Opløst
Silks A/S Opløst

Address history (2 moves)

1 Nov 2023	Amager Boulevard 70, 2300 København S
21 Nov 2008	c/o Rezidor Corporate Accounting, Amager Strandvej 60, 3., 2300 København S
25 May 1999	c/o SAS Hotels A/S Danmark, Amager Boulevard 70, 2300 København S

Other companies at the same address

Cryo Scandinavia ApS Bankrupt
AFRINORD HOTEL INVESTMENTS A/S Active
CASINOS DENMARK A/S Active
CDO 09.2015 ApS Opløst
CIH GLOBETROTTER HOTEL A/S Active
CIH ROYAL HOTEL A/S Active
CIH SCANDINAVIA HOTEL A/S Active
Lord´s of Scandinavia TAILOR ApS Active
RADISSON HOTEL INVESTMENT EGYPT A/S Active
RADISSON HOTEL KIEV A/S Active
RADISSON HOTEL MANAGEMENT & DEVELOPMENT A/S Active
RADISSON LOYALTY MANAGEMENT A/S Opløst
RADISSON SCANDINAVIA HOTEL COPENHAGEN ApS Active
REZIDOR INTERNATIONAL HOTELS SELECTION ApS Fusioneret
Radisson Hospitality Denmark ApS Active
Radisson Hotels ApS Danmark Active
Radisson Services A/S Active
SAS SCANDINAVIA HOTEL A/S Opløst
THAI RESTAURANT A/S Active
Wenaas Hotels Denmark ApS Active

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TENNECO HOLDINGS DANMARK ApS København V
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AHM AF 1997 HOLDING ApS Nordhavn
T. K. BOESEN HOLDING ApS København K
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B. EYDE-JØRGENSEN ApS København V
BRØDR. JØRGENSEN HOLDING A/S København K
GULDBERG EJENDOMS- OG INVESTERINGSSELSKAB A/S København N

Questions and answers about HOTEL DEVELOPMENT S. AFRICA A/S

Has HOTEL DEVELOPMENT S. AFRICA A/S gone bankrupt?

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

What is the bankruptcy risk of HOTEL DEVELOPMENT S. AFRICA A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of HOTEL DEVELOPMENT S. AFRICA A/S?

Lars Gordon Nielsen is the CEO of HOTEL DEVELOPMENT S. AFRICA A/S.

Who is the auditor of HOTEL DEVELOPMENT S. AFRICA A/S?

HOTEL DEVELOPMENT S. AFRICA A/S most recently used KPMG P/S.

When was HOTEL DEVELOPMENT S. AFRICA A/S founded?

HOTEL DEVELOPMENT S. AFRICA A/S was founded on 25 May 1999.

What is the equity of HOTEL DEVELOPMENT S. AFRICA A/S?

Equity was DKK 75.5m 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.