STUDSGAARD HOLDING A/S

CVR 25088840 · Public limited company (A/S) · Active · Medium risk

STUDSGAARD HOLDING A/S is a Public limited company (A/S), founded on 15 December 1999, based in Rønne. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 20 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 18.9m and a net result of DKK -31.2m. CEO: Morten Studsgaard.

Bankruptcy risk for STUDSGAARD HOLDING A/S

2.6%

probability of bankruptcy within 12 months

Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×

Current ratio50%–100% · bankruptcy rate 11.7%1.3×

RegionHovedstaden · bankruptcy rate 11.6%1.3×

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Loss for the yearYes · bankruptcy rate 10.3%1.2×

Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×

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×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

Time since new CEO5+ yrs · 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: 25088840
Status: Active
Company type: Public limited company (A/S)
Founded: 15 December 1999 (26 years)
Address: Vesthavnsvej 4
3700 Rønne
Municipality: Bornholms Regionskommune
Industry: Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 500k
Auditor: Bornholms Revision A/S
Audit opted out: No

Warning signs

Annual reports filed late	2 of 26
Missing annual report	No
Negative equity	No
Equity ratio	6.0%
Current ratio	94%
Moves (last 2 years)	0
CEO changes in total	2
CEO's previous bankruptcies	0
Other companies at the address	7
Going-concern uncertainty	Yes

Financials and key figures

Financial year	2025	2024
Revenue	DKK 934.0m	DKK 843.0m
Gross profit	DKK 227.9m	DKK 226.4m
Net profit	DKK -31.2m	DKK -9.2m
Equity	DKK 18.9m	DKK 49.1m
Total assets	DKK 315.9m	DKK 345.4m
Cash	DKK 18.6m	–
Short-term debt	DKK 219.7m	–
Avg. employees	314	–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · Bornholms Revision A/S.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	31 Jul 2026	212	Late
1 Jan 2024 – 31 Dec 2024	8 Aug 2025	220	Late
1 Jan 2023 – 31 Dec 2023	4 Jun 2024	156
1 Jan 2022 – 31 Dec 2022	5 Apr 2023	95
1 Jan 2021 – 31 Dec 2021	12 Apr 2022	102
1 Jan 2020 – 31 Dec 2020	15 Apr 2021	105
1 Jan 2019 – 31 Dec 2019	30 Mar 2020	90
1 Jan 2018 – 31 Dec 2018	10 May 2019	130
1 Jan 2017 – 31 Dec 2017	22 May 2018	142
1 Jan 2016 – 31 Dec 2016	22 May 2017	142
1 Jan 2015 – 31 Dec 2015	9 May 2016	130
1 Jan 2014 – 31 Dec 2014	12 May 2015	132
1 Oct 2012 – 31 Dec 2013	27 May 2014	147
1 Oct 2011 – 30 Sep 2012	17 Jan 2013	109
1 Oct 2010 – 30 Sep 2011	8 Feb 2012	131
1 Oct 2009 – 30 Sep 2010	14 Feb 2011	137
1 Oct 2008 – 30 Sep 2009	25 Feb 2010	148
1 Oct 2007 – 30 Sep 2008	10 Feb 2009	133
1 Oct 2006 – 30 Sep 2007	30 Jan 2008	122
1 Oct 2005 – 30 Sep 2006	26 Feb 2007	149

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	Morten Studsgaard	4 Jun 2008	Current
CEO	Elon Studsgaard	15 Dec 1999	4 Jun 2008
Board	Morten Studsgaard	4 Jun 2008	Current
Board	Sara Studsgaard	25 Apr 2016	Current
Board	Søren Jørgensen	30 Apr 2018	Current
Board	Anne Christine Beck	23 Mar 2021	Current
Board	Per Brian Jørgensen	20 Sep 2025	Current
Board	Per Aage Arnoldus	15 Dec 1999	4 Jun 2008
Board	Lilli-Ann Majbrit Studsgaard	15 Dec 1999	25 Apr 2016
Board	Elon Studsgaard	4 Jun 2008	30 Apr 2018
Board	Bo Eklund	4 Jun 2008	30 Jan 2012
Board	John Stage Kejlhof	30 Jun 2009	8 Mar 2011
Board	Søren Jørgensen	31 Mar 2012	29 Apr 2018
Board	Thomas Poulsen	25 Apr 2016	23 Sep 2020
Board	Birgitte Jespersen Skade	30 Apr 2018	20 Sep 2025
Board	Nikolaj Meyland-Smith	23 Mar 2021	13 Nov 2023
Owner (100%)	Morten Studsgaard	17 May 2013	Current
Auditor	Bornholms Revision A/S	1 Nov 2016	Current
Auditor	Kjeld Poulsen	15 Dec 1999	19 Dec 2001
Auditor	Nexø Revision I/S	15 Dec 1999	15 Feb 2010
Auditor	KMPJP A/S	15 Feb 2010	20 Oct 2014
Auditor	Risegaard	20 Oct 2014	1 Nov 2016
Founder	Elon Studsgaard	15 Dec 1999	Current

The CEOs' other companies

Morten Studsgaard – 10 other companies

BHS Logistics A/S Active
BHS Service Center A/S Active
BORNHOLM PRO CYCLING ApS Active
DANSKE FRAGTMÆND A/S Active
FRAGTMÆND HOLDING A/S Active
GLOBEX EJENDOMSSELSKAB ApS Active
PARTNER-LOGISTIC ApS Active
RØNNE HAVN A/S Active
TRANSPORTFIRMAET PAUL LARSEN A/S Fusioneret
VIPS TRANSPORT ApS Fusioneret

Elon Studsgaard – 23 other companies

A/S DE FORENEDE GRANITBRUD. SANDSTENSBRUD OG STENHUGGERIER PAA BORNHOLM Fusioneret
A/S TEAM BORNHOLM Active
BHS Logistics A/S Active
BHS Service Center A/S Active
CITYDISTRIBUTION A/S Opløst
DANSKE FRAGTMÆND A/S Active
DANSKE FRAGTMÆND FYN A/S Fusioneret
DANSKE FRAGTMÆND INFORMATIK A/S Fusioneret
DANSKE FRAGTMÆND SJÆLLAND A/S Fusioneret
DEN NY FRAGTMANDSHAL A/S Opløst
DESTINATION BORNHOLM ApS Active
ELAS AF 20/3 A/S Opløst
ESLAS AF 5/1 1993 A/S Opløst
FCB ERHVERV ApS Opløst
FRAGTMÆND HOLDING A/S Active
GLOBEX EJENDOMSSELSKAB ApS Active
OBA EJENDOMME A/S Opløst
POUL HANSEN AUTOMOBILER ApS Opløst
RØNNE HAVN A/S Active
SPECIALLÆGESELSKABET OLE STEN SØRENSEN ApS Opløst
TRAILER LINE ApS Fusioneret
TRANSPORTFIRMAET PAUL LARSEN A/S Fusioneret
VIPS TRANSPORT ApS Fusioneret

Address history (2 moves)

20 Oct 2018	Vesthavnsvej 4, 3700 Rønne
1 Jan 2003	Vesthavnsvej 4, 3700 Rønne
15 Dec 1999	Vesthavnsvej 4, 3700 Rønne

Other companies at the same address

BHS Logistics A/S Active
BHS Service Center A/S Active
ELAS AF 20/3 A/S Opløst
ESLAS AF 5/1 1993 A/S Opløst
POUL HANSEN AUTOMOBILER ApS Opløst
TRANSPORTFIRMAET PAUL LARSEN A/S Fusioneret
VIPS TRANSPORT ApS Fusioneret

Similar companies in Bornholms Regionskommune

Questions and answers about STUDSGAARD HOLDING A/S

Has STUDSGAARD HOLDING A/S gone bankrupt?

No, STUDSGAARD HOLDING A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of STUDSGAARD HOLDING A/S?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of STUDSGAARD HOLDING A/S?

Morten Studsgaard is the CEO of STUDSGAARD HOLDING A/S.

Who is the auditor of STUDSGAARD HOLDING A/S?

STUDSGAARD HOLDING A/S most recently used Bornholms Revision A/S.

When was STUDSGAARD HOLDING A/S founded?

STUDSGAARD HOLDING A/S was founded on 15 December 1999.

What is the equity of STUDSGAARD HOLDING A/S?

Equity was DKK 18.9m 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.