REFBORG A/S
CVR 36537817 · Public limited company (A/S) · Active · High risk
REFBORG A/S is a Public limited company (A/S), founded on , based in Billund. The company is registered in the industry drift af hoteller og lignende overnatningsfaciliteter. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 11 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -4.2m and a net result of DKK -102k. CEO: Torben Klovborg Christiansen.
Bankruptcy risk for REFBORG A/S
2.4 × the average (1.41%) · higher risk than 88% of active Danish companies
Increases the risk
Reduces the risk
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
- 36537817
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (11 years)
- Address
- Buen 6
7190 Billund - Municipality
- Billund
- Industry
- Drift af hoteller og lignende overnatningsfaciliteter (551000)
Bankruptcies in the industry: Hoteller - Share capital
- DKK 500k
- Employees
- 48 (2018)
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 3 of 11 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -269.5% |
| Current ratio | 51% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 1 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 1 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 6.1m | DKK 6.6m | DKK 8.8m |
| Net profit | DKK -102k | DKK 285k | DKK 678k |
| Equity | DKK -4.2m | DKK -4.1m | DKK -4.4m |
| Total assets | DKK 1.6m | DKK 3.1m | DKK 3.2m |
| Cash | DKK 12k | DKK 96k | – |
| Short-term debt | DKK 2.8m | DKK 4.8m | – |
| Avg. employees | 16 | 18 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 177 | ||
| 1 Jan 2024 – 31 Dec 2024 | 170 | ||
| 1 Jan 2023 – 31 Dec 2023 | 178 | ||
| 1 Jan 2022 – 31 Dec 2022 | 188 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 179 | ||
| 1 Jan 2020 – 31 Dec 2020 | 190 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 267 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 93 | ||
| 1 Jan 2017 – 31 Dec 2017 | 129 | ||
| 1 Jan 2016 – 31 Dec 2016 | 108 | ||
| 9 Feb 2015 – 31 Dec 2015 | 151 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Torben Klovborg Christiansen | Current | |
| CEO | Tommy Refshøj | ||
| Board | Torben Klovborg Christiansen | Current | |
| Board | Kurt Klovborg Christiansen | Current | |
| Board | Marianna Skousen Christiansen | Current | |
| Board | Hanne Christiansen | Current | |
| Board | Torben Klovborg Christiansen | ||
| Board | Kurt Klovborg Christiansen | ||
| Board | Tommy Refshøj | ||
| Board | Knud-Ove Jeppesen | ||
| Board | Mads Danielsen | ||
| Owner (100%) | AUNT HOLDING ApS | Current | |
| Owner (33%) | REFSHØJ Holding ApS | ||
| Owner (50%) | AUNT HOLDING ApS | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | REVISION KJÆR Registreret Revisionsanpartsselskab | ||
| Auditor | Partner Revision statsautoriseret revisionsaktieselskab | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Founder | REFSHØJ Holding ApS | Current | |
| Founder | AUNT HOLDING ApS | Current |
The CEOs' other companies
Torben Klovborg Christiansen – 2 other companies
- KLOVBORG EJENDOMSINVEST ApS Active
- PILOTINVEST AI A/S Opløst
Tommy Refshøj – 5 other companies, of which 1 bankrupt
- SELSKABET AF 30.5.2012, DANDYVEJ 5A/S Bankrupt 8 Jun 2012
- REFSHØJ A/S Opløst
- REFSHØJ Holding ApS Active
- REFSHØJ MARKETING ApS Opløst
- ZEBICON A/S Active
Address history (0 moves)
| Buen 6, 7190 Billund |
Employees per year
Other companies at the same address
- REFBORG EJENDOMME ApS Active
Similar companies in Billund
- SDR. OMME HOTEL & KRO ApS Sønder Omme
- BILLUND LUFTHAVNSHOTEL ApS Billund
- HOTEL SVANEN ApS Billund
- HOTEL SVANEN GRINDSTED ApS Grindsted
- SDR. OMME KRO ApS Sønder Omme
- HL 22 A/S Grindsted
- AHH ApS Grindsted
- DRIFTSSELSKABET QUALITY HOTEL SØNDERBORG ApS Billund
Questions and answers about REFBORG A/S
Has REFBORG A/S gone bankrupt?
No, REFBORG A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of REFBORG A/S?
Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.
Who is the CEO of REFBORG A/S?
Torben Klovborg Christiansen is the CEO of REFBORG A/S.
Who is the auditor of REFBORG A/S?
REFBORG A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was REFBORG A/S founded?
REFBORG A/S was founded on 9 February 2015.
What is the equity of REFBORG A/S?
Equity was DKK -4.2m 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.