HORSENS VÆRKTØJSFABRIK A/S

CVR 29141045 · Public limited company (A/S) · Active · Low risk

HORSENS VÆRKTØJSFABRIK A/S is a Public limited company (A/S), founded on , based in Horsens. The company is registered in the industry fremstilling af håndværktøj. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 20 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 2.1m and a net result of DKK -867k. CEO: Jørgen Østergaard Olesen.

Bankruptcy risk for HORSENS VÆRKTØJSFABRIK A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · 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
29141045
Status
Active
Company type
Public limited company (A/S)
Founded
(21 years)
Address
Gotlandsvej 7
8700 Horsens
Municipality
Horsens
Industry
Fremstilling af håndværktøj (256300)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 750k
Employees
13 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 20
Missing annual reportNo
Negative equityNo
Equity ratio69.1%
Current ratio218%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 5.0mDKK 9.3m
Net profitDKK -867kDKK 1.8m
EquityDKK 2.1mDKK 2.9m
Total assetsDKK 3.0mDKK 4.2m
CashDKK 270k–
Short-term debtDKK 926k–
Avg. employees12–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025123
1 Jul 2023 – 30 Jun 2024103
1 Jul 2022 – 30 Jun 2023110
1 Jul 2021 – 30 Jun 2022137
1 Jul 2020 – 30 Jun 2021127
1 Jul 2019 – 30 Jun 2020129
1 Jul 2018 – 30 Jun 2019145
1 Jul 2017 – 30 Jun 2018121
1 Jul 2016 – 30 Jun 2017124
1 Jul 2015 – 30 Jun 201684
1 Jul 2014 – 30 Jun 2015122
1 Jul 2013 – 30 Jun 2014133
1 Jul 2012 – 30 Jun 2013136
1 Jul 2011 – 30 Jun 2012152
1 Jul 2010 – 30 Jun 201180
1 Jul 2009 – 30 Jun 2010153
1 Jul 2008 – 30 Jun 2009139
1 Jul 2007 – 30 Jun 2008150
1 Jul 2006 – 30 Jun 2007155
13 Oct 2005 – 30 Jun 2006153

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
CEOJørgen Østergaard OlesenCurrent
BoardCarl Erik GraunkærCurrent
BoardMads GraunkærCurrent
BoardJan DigeCurrent
BoardJørgen Østergaard OlesenCurrent
BoardMikkel Graunkær
BoardLars Erik Thomassen
Owner (25%)MIGJ HOLDING ApSCurrent
Owner (25%)MAGJ HOLDING ApSCurrent
Owner (25%)JAN DIGE HOLDING ApSCurrent
Owner (25%)JØRGEN OLESEN HOLDING ApSCurrent
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorRevision Horsens registreret revisionsvirksomhed
Founder3 NØ HOLDING ApSCurrent
FounderCARIPO HOLDING A/SCurrent

The CEOs' other companies

Jørgen Østergaard Olesen – 2 other companies

Address history (0 moves)

Gotlandsvej 7, 8700 Horsens

Employees per year

Number of employees at HORSENS VÆRKTØJSFABRIK A/S per year8162011: 1220112012: 1620122013: 1420132014: 1520142015: 1320152016: 1520162017: 1420172018: 132018

Similar companies in Horsens

Questions and answers about HORSENS VÆRKTØJSFABRIK A/S

Has HORSENS VÆRKTØJSFABRIK A/S gone bankrupt?

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

What is the bankruptcy risk of HORSENS VÆRKTØJSFABRIK A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of HORSENS VÆRKTØJSFABRIK A/S?

Jørgen Østergaard Olesen is the CEO of HORSENS VÆRKTØJSFABRIK A/S.

Who is the auditor of HORSENS VÆRKTØJSFABRIK A/S?

HORSENS VÆRKTØJSFABRIK A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was HORSENS VÆRKTØJSFABRIK A/S founded?

HORSENS VÆRKTØJSFABRIK A/S was founded on 13 October 2005.

What is the equity of HORSENS VÆRKTØJSFABRIK A/S?

Equity was DKK 2.1m according to the annual report for the period ending 30 June 2025.

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