HAY ApS

CVR 26799945 · Private limited company (ApS) · Active · Low risk

HAY ApS is a Private limited company (ApS), founded on , based in Horsens. The company is registered in the industry engroshandel med møbler til bolig-, kontor- og butiksbrug, tæpper og belysningsartikler. 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, of which 3 more than six months after the end of the financial year. The latest annual report (31 May 2025) shows equity of DKK 413.4m and a net result of DKK 112.9m.

Bankruptcy risk for HAY ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 15% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%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×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Restated annual reports2+ · bankruptcy rate 4.4%0.49×

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
26799945
Status
Active
Company type
Private limited company (ApS)
Founded
(24 years)
Address
Havnen 3
8700 Horsens
Municipality
Horsens
Industry
Engroshandel med møbler til bolig-, kontor- og butiksbrug, tæpper og belysningsartikler (464700)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 4.5m
Employees
187 (2018)
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late2 of 23
Missing annual reportNo
Negative equityNo
Equity ratio71.0%
Current ratio305%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address15
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 1.2bnDKK 1.2bn
Gross profitDKK 285.7mDKK 253.7m
Net profitDKK 112.9mDKK 93.6m
EquityDKK 413.4mDKK 394.4m
Total assetsDKK 582.1mDKK 520.7m
CashDKK 152.3m–
Short-term debtDKK 167.8m–
Tax owedDKK 25.7m–
Avg. employees201–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · KPMG Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jun 2024 – 31 May 2025184 Late
1 Jun 2023 – 31 May 2024189 Late
1 Jun 2022 – 31 May 2023183
1 Jun 2021 – 31 May 2022185 Late
1 Jun 2020 – 31 May 2021161
1 Aug 2019 – 31 May 2020131
1 Aug 2018 – 31 Jul 2019114
1 Aug 2017 – 31 Jul 2018122
1 Aug 2016 – 31 Jul 201778
1 Aug 2015 – 31 Jul 201680
1 Aug 2014 – 31 Jul 201590
1 Aug 2013 – 31 Jul 2014140
1 Aug 2012 – 31 Jul 2013133
1 Aug 2011 – 31 Jul 201286
1 Aug 2010 – 31 Jul 201181
1 Aug 2009 – 31 Jul 201094
1 Aug 2008 – 31 Jul 2009109
1 Aug 2007 – 31 Jul 2008117
1 Aug 2006 – 31 Jul 2007140
1 Aug 2005 – 31 Jul 2006119

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
CEORolf Foged Hvidegaard Hay
CEOKristian Martin Ramm-Larsen
BoardRolf Foged Hvidegaard HayCurrent
BoardMette Hjort HayCurrent
BoardBruce Benedict WatsonCurrent
BoardDebbie Frew PropstCurrent
BoardJeffrey Martin StutzCurrent
BoardAaron Roger MaatCurrent
BoardRobert Thomas WoodbridgeCurrent
BoardMerete Bech Povlsen
BoardMette Hjort Hay
BoardTroels Holch Povlsen
BoardSebastian Hennecke
BoardJohn Joseph Mc Phee
BoardAndrea Ruth Owen
BoardJeremy John Hocking
BoardMegan Christine Lyon
BoardChristopher Michael Baldwin
BoardJeffrey Martin Stutz
Owner (25%)HOLDINGSELSKABET AF 1/7 2007 ApSCurrent
Owner (67%)Herman Miller Holdings LimitedCurrent
Owner (25%)HOLDINGSELSKABET AF 1/7 2007 ApS
Owner (67%)NINE UNITED A/S
Owner (33%)NINE UNITED A/S
Owner (25%)Herman Miller Holdings Limited
AuditorKPMG P/SCurrent
AuditorPartner Revision statsautoriseret revisionsaktieselskab
FounderRolf Foged Hvidegaard HayCurrent
FounderNINE UNITED A/SCurrent

The CEOs' other companies

Rolf Foged Hvidegaard Hay – 8 other companies

Kristian Martin Ramm-Larsen – 12 other companies, of which 1 bankrupt

Address history (1 moves)

Havnen 3, 8700 Horsens
Havnen 1, 8700 Horsens

Former names

HAY ApS – now
HAY A/S –
NINE UNITED DENMARK A/S –
BS STUDIO A/S –

Employees per year

Number of employees at HAY ApS per year941872011: 5620112012: 8320122013: 11220132014: 15320142015: 14520152016: 16720162017: 16520172018: 1872018

Other companies at the same address

Similar companies in Horsens

Questions and answers about HAY ApS

Has HAY ApS gone bankrupt?

No, HAY ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of HAY 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 auditor of HAY ApS?

HAY ApS most recently used KPMG P/S.

When was HAY ApS founded?

HAY ApS was founded on 20 September 2002.

What is the equity of HAY ApS?

Equity was DKK 413.4m according to the annual report for the period ending 31 May 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.