Braa Horse A/S

CVR 32564623 · Public limited company (A/S) · Active · Low risk

Braa Horse A/S is a Public limited company (A/S), founded on , based in Esbjerg. The company is registered in the industry avl af heste og dyr af hestefamilien. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 16 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Mar 2026) shows equity of DKK 1.0m and a net result of DKK -833k. CEO: Michael Braa Nielsen.

Bankruptcy risk for Braa Horse A/S

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
32564623
Status
Active
Company type
Public limited company (A/S)
Founded
(16 years)
Address
Havdigevej 2
6700 Esbjerg
Municipality
Esbjerg
Industry
Avl af heste og dyr af hestefamilien (014300)
Bankruptcies in the industry: Dyrkning af korn (undtagen ris), bælgfrugter og olieholdige frø
Share capital
DKK 500k
Auditor
JHL Revision, Esbjerg ApS
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 16
Missing annual reportNo
Negative equityNo
Equity ratio98.5%
Current ratio6,475%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address34
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK -1.0mDKK -480kDKK -205k
Net profitDKK -833kDKK -358kDKK -112k
EquityDKK 1.0mDKK 1.8mDKK 2.2m
Total assetsDKK 1.0mDKK 1.9mDKK 2.2m
CashDKK 302kDKK 526k–
Short-term debtDKK 15kDKK 19k–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · JHL Revision, Esbjerg ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026190 Late
1 Apr 2024 – 31 Mar 2025186 Late
1 Apr 2023 – 31 Mar 2024170
1 Apr 2022 – 31 Mar 2023168
1 Apr 2021 – 31 Mar 2022180
1 Apr 2020 – 31 Mar 2021154
1 Apr 2019 – 31 Mar 2020160
1 Apr 2018 – 31 Mar 2019142
1 Apr 2017 – 31 Mar 2018123
1 Apr 2016 – 31 Mar 2017159
1 Apr 2015 – 31 Mar 2016158
1 Apr 2014 – 31 Mar 2015168
1 Apr 2013 – 31 Mar 2014169
1 Apr 2012 – 31 Mar 2013155
1 Apr 2011 – 31 Mar 2012167
13 Nov 2009 – 31 Mar 2011168

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
CEOMichael Braa NielsenCurrent
CEOMichael Braa Nielsen
CEOJane Braa Nielsen
BoardMichael Braa NielsenCurrent
BoardMille Braa NielsenCurrent
BoardMarie Braa NielsenCurrent
BoardMichael Braa Nielsen
BoardJane Braa Nielsen
BoardFlemming Nielsen
BoardMichael Braa Nielsen
BoardJane Braa Nielsen
BoardMille Braa Nielsen
Owner (100%)BRAA INVEST A/SCurrent
Owner (100%)BRAA INVEST A/S
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorJHL Revision, Esbjerg ApS
FounderBRAA INVEST A/SCurrent

The CEOs' other companies

Michael Braa Nielsen – 29 other companies, of which 1 bankrupt

Jane Braa Nielsen – 4 other companies

Address history (3 moves)

Havdigevej 2, 6700 Esbjerg
Havdigevej 2, 6700 Esbjerg
Dokvej 3 1, 6700 Esbjerg
Dokvej 1, 6700 Esbjerg

Former names

Braa Horse A/S – now
BRAA FINANS A/S –

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about Braa Horse A/S

Has Braa Horse A/S gone bankrupt?

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

What is the bankruptcy risk of Braa Horse A/S?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Braa Horse A/S?

Michael Braa Nielsen is the CEO of Braa Horse A/S.

Who is the auditor of Braa Horse A/S?

Braa Horse A/S most recently used JHL Revision, Esbjerg ApS.

When was Braa Horse A/S founded?

Braa Horse A/S was founded on 13 November 2009.

What is the equity of Braa Horse A/S?

Equity was DKK 1.0m according to the annual report for the period ending 31 March 2026.

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