RAF MOTORS A/S

CVR 25328582 · Public limited company (A/S) · Active · Low risk

RAF MOTORS A/S is a Public limited company (A/S), founded on , based in Horsens. The company is registered in the industry detailhandel med motorkøretøjer. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 16.0m and a net result of DKK 5.1m.

Bankruptcy risk for RAF MOTORS A/S

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Reporting classReporting class C, mellemstor virksomhed · 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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
25328582
Status
Active
Company type
Public limited company (A/S)
Founded
(26 years)
Address
Vejlevej 160
8700 Horsens
Municipality
Horsens
Industry
Detailhandel med motorkøretøjer (478100)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 500k
Employees
34 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 26
Missing annual reportNo
Negative equityNo
Equity ratio26.3%
Current ratio135%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 17.5mDKK 16.0mDKK 14.6m
Net profitDKK 5.1mDKK 3.4mDKK 2.5m
EquityDKK 16.0mDKK 12.4mDKK 9.1m
Total assetsDKK 61.1mDKK 61.2mDKK 50.2m
CashDKK 45kDKK 270k–
Short-term debtDKK 38.8mDKK 42.3m–
Tax owedDKK 351kDKK 872k–
Avg. employees2425–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025100
1 Jan 2024 – 31 Dec 202486
1 Jan 2023 – 31 Dec 2023110
1 Jan 2022 – 31 Dec 202279
1 Jan 2021 – 31 Dec 202190
1 Jan 2020 – 31 Dec 2020153
1 Jan 2019 – 31 Dec 201987
1 Jan 2018 – 31 Dec 201880
1 Jan 2017 – 31 Dec 201781
1 Jan 2016 – 31 Dec 201679
1 Jan 2015 – 31 Dec 201581
1 Jan 2014 – 31 Dec 201472
1 Jan 2013 – 31 Dec 2013132
1 Jan 2012 – 31 Dec 201263
1 Jan 2011 – 31 Dec 2011110
1 Jan 2010 – 31 Dec 2010102
1 Jan 2009 – 31 Dec 2009122
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007148
1 Jan 2006 – 31 Dec 200656

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

RoleNameFromTo
CEOPer Kirkegaard Hansen
BoardNikolaj Kilias Kirkegaard BachCurrent
BoardPer Kirkegaard HansenCurrent
BoardAnnette AagerupCurrent
BoardPer Kirkegaard Hansen
BoardVagn Henning Callisen
BoardSusanne Elfrom Hansen
BoardKim Winding Larsen
BoardHenrik Adam Staunskjær
BoardSusanne Elfrom Hansen
BoardKarl Svendsen
BoardNiels Rønnebeck
BoardBjarne Strikert
BoardNiels Rønnebeck
BoardEsben Karstensen
Owner (100%)N.K. Holding ApSCurrent
Owner (100%)PKH HOLDING ApS
Owner (67%)PKH HOLDING ApS
Owner (20%)N.K. Holding ApS
Owner (50%)PKH HOLDING ApS
Owner (33%)N.K. Holding ApS
Owner (0%)PKH HOLDING ApS
Owner (90%)N.K. Holding ApS
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorEY Godkendt Revisionspartnerselskab
FounderPer Kirkegaard HansenCurrent
FounderVagn Henning CallisenCurrent

The CEOs' other companies

Per Kirkegaard Hansen – 13 other companies, of which 1 bankrupt

Address history (2 moves)

Vejlevej 160, 8700 Horsens
Ørneborgvej 24, 8960 Randers SØ
Ørneborgvej 24, 8900 Randers C

Former names

RAF MOTORS A/S – now
RANDERS AUTOMOBILFORRETNING A/S –

Employees per year

Number of employees at RAF MOTORS A/S per year17342011: 2620112012: 2220122013: 2720132014: 2820142015: 2820152016: 3120162017: 3120172018: 342018

Other companies at the same address

Similar companies in Horsens

Questions and answers about RAF MOTORS A/S

Has RAF MOTORS A/S gone bankrupt?

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

What is the bankruptcy risk of RAF MOTORS A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the auditor of RAF MOTORS A/S?

RAF MOTORS A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was RAF MOTORS A/S founded?

RAF MOTORS A/S was founded on 5 April 2000.

What is the equity of RAF MOTORS A/S?

Equity was DKK 16.0m 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.