KELSEN GROUP A/S

CVR 27703666 · Public limited company (A/S) · Active · Low risk

KELSEN GROUP A/S is a Public limited company (A/S), founded on , based in Nørre Snede. The company is registered in the industry fremstilling af tvebakker, kiks, konserverede kager, tærter mv.. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 20 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Aug 2025) shows equity of DKK 52.0m and a net result of DKK -69.7m.

Bankruptcy risk for KELSEN GROUP A/S

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%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×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
27703666
Status
Active
Company type
Public limited company (A/S)
Founded
(22 years)
Address
Bredgade 27
8766 Nørre Snede
Municipality
Ikast-Brande
Industry
Fremstilling af tvebakker, kiks, konserverede kager, tærter mv. (107200)
Bankruptcies in the industry: Fremstilling af friske bageriprodukter
Share capital
DKK 127.0m
Employees
310 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late4 of 21
Missing annual reportNo
Negative equityNo
Equity ratio7.2%
Current ratio59%
Moves (last 2 years)0
CEO changes in total13
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
RevenueDKK 957.0mDKK 847.4m
Gross profitDKK 117.2mDKK 85.9m
Net profitDKK -69.7mDKK -138.3m
EquityDKK 52.0mDKK 124.1m
Total assetsDKK 721.7mDKK 717.1m
CashDKK 7.9m–
Short-term debtDKK 669.8m–
Tax owedDKK 0–
Avg. employees288–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Sep 2024 – 31 Aug 2025183
1 Sep 2023 – 31 Aug 2024205 Late
1 Sep 2022 – 31 Aug 2023196 Late
1 Sep 2021 – 31 Aug 2022188 Late
1 Sep 2020 – 31 Aug 2021128
1 Aug 2019 – 31 Aug 2020114
1 Aug 2018 – 31 Jul 2019145
1 Aug 2017 – 31 Jul 2018143
1 Aug 2016 – 31 Jul 2017151
1 Aug 2015 – 31 Jul 2016129
1 Aug 2014 – 31 Jul 2015157
1 Aug 2013 – 31 Jul 2014185 Late
1 Jan 2012 – 31 Dec 2012154
1 Jan 2011 – 31 Dec 2011145
1 Jan 2010 – 31 Dec 2010151
1 Jan 2009 – 31 Dec 2009140
1 Jan 2008 – 31 Dec 2008155
1 Jan 2007 – 31 Dec 2007148
1 Jan 2006 – 31 Dec 2006126
1 Jan 2005 – 31 Dec 2005108

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
CEOLeif Stig Bergvall Hansen
CEOTerkel Esben Laursen
CEOIvan Snogdal Thyregod
CEOErik Høj
CEOMads Waagepetersen
CEOFernando di Gaetano
CEOKevin James Rush
CEOMads Waagepetersen
BoardChristophe Pierre Manfred NeumannCurrent
BoardAlberto CavallerisCurrent
BoardBirgitte MorellCurrent
BoardJørn OlsenCurrent
BoardHenrik Mølgaard ChristensenCurrent
BoardLars EbbesenCurrent
BoardOle Bonde Larsen
BoardOrla Topholt
BoardHenrik Broksø Thulesen
BoardBrian Rønsholdt
BoardFlemming Skov Jensen
BoardFlemming Ammentorp Østergaard
BoardSteen Thy Jensen
BoardHenrik Broksø Thulesen
BoardCarsten Birk Nielsen
BoardKeld Askær Sørensen
BoardLars Rabe Tønnesen
BoardAnette Larsen
BoardBritt Hausted Schmidt
BoardLars Jensen
BoardInge Hostrup
BoardInge Hostrup
BoardPeter Lund
BoardHans Christian Korsgård Madsen
BoardGudmund Tyge Korsgaard
BoardKarsten Ørnfeldt Svensson
BoardKarl Kristian Andersen Husballe
BoardBrian Rønsholdt
BoardAndrew Ridler
BoardRichard Landers
BoardMarie Holm Jakobsen
BoardKarl Kristian Andersen Husballe
BoardDaniel Nick Hayden
BoardLuca Mignini
BoardThomas Russell Smith
BoardClaus Hjorth Christensen
BoardKarsten Ørnfeldt Svensson
BoardSonja Lund Jensen
BoardMads Waagepetersen
BoardMads Waagepetersen
BoardAndrea Racca
BoardTrine Valther Føns
BoardBerit Gita Neigaard
BoardLars Ebbesen
BoardGiorgio Gagnor
Owner (100%)Fine Biscuits Company (FBC) SACurrent
Owner (100%)Campbell Luxembourg Holdings Sàrl
Owner (100%)CTH Invest S.A.
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorRi Magnoliavej 12 ApS
AuditorK P M G C JESPERSEN ÅRHUS I/S
FounderDANSK COOKIE INDUSTRI A/SCurrent

The CEOs' other companies

Leif Stig Bergvall Hansen – 26 other companies

Terkel Esben Laursen – 6 other companies

Ivan Snogdal Thyregod – 5 other companies

Erik Høj – 30 other companies, of which 6 bankrupt

Mads Waagepetersen – 1 other companies

Address history (2 moves)

Bredgade 27, 8766 Nørre Snede
Bredgade 25, 8766 Nørre Snede
Bredgade 25, 8766 Nørre Snede

Former names

KELSEN GROUP A/S – now
DANSK COOKIE INDUSTRI A/S –
KELSEN A/S –

Employees per year

Number of employees at KELSEN GROUP A/S per year1913812011: 38120112012: 37720122013: 29720132014: 35320142015: 30420152016: 36820162017: 34420172018: 3102018

Other companies at the same address

Similar companies in Ikast-Brande

Questions and answers about KELSEN GROUP A/S

Has KELSEN GROUP A/S gone bankrupt?

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

What is the bankruptcy risk of KELSEN GROUP A/S?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the auditor of KELSEN GROUP A/S?

KELSEN GROUP A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was KELSEN GROUP A/S founded?

KELSEN GROUP A/S was founded on 22 April 2004.

What is the equity of KELSEN GROUP A/S?

Equity was DKK 52.0m according to the annual report for the period ending 31 August 2025.

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