Lund & Refsgaard A/S

CVR 44523507 · Public limited company (A/S) · Active · Low risk

Lund & Refsgaard A/S is a Public limited company (A/S), founded on , based in Holstebro. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 3 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 28.7m and a net result of DKK 14.6m. CEO: Tom Brændgaard Lund, Steffan Bøgelund Refsgaard.

Bankruptcy risk for Lund & Refsgaard A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
44523507
Status
Active
Company type
Public limited company (A/S)
Founded
(2 years)
Address
Sletten 61
7500 Holstebro
Municipality
Holstebro
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio89.2%
Current ratio98%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -24kDKK -46k
Net profitDKK 14.6mDKK 15.0m
EquityDKK 28.7mDKK 28.0m
Total assetsDKK 32.2mDKK 31.8m
CashDKK 173k–
Short-term debtDKK 3.5m–
Tax owedDKK 177k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025138
1 Jan 2024 – 31 Dec 2024174
1 Jan 2023 – 31 Dec 2023184 Late

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
CEOTom Brændgaard LundCurrent
CEOSteffan Bøgelund RefsgaardCurrent
BoardSøren Halkjær SøgaardCurrent
BoardTom Brændgaard LundCurrent
BoardSteffan Bøgelund RefsgaardCurrent
BoardJesper Videbæk KjærgaardCurrent
BoardJanni Staunstrup RefsgaardCurrent
Owner (33%)m&m's Holding ApSCurrent
Owner (33%)STEFFAN REFSGAARD HOLDING ApSCurrent
Owner (10%)Kjærgaard Holding, Aulum ApSCurrent
Owner (50%)m&m's Holding ApS
Owner (50%)STEFFAN REFSGAARD HOLDING ApS
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
Founderm&m's Holding ApSCurrent
FounderSTEFFAN REFSGAARD HOLDING ApSCurrent

The CEOs' other companies

Tom Brændgaard Lund – 3 other companies

Steffan Bøgelund Refsgaard – 4 other companies

Address history (1 moves)

Sletten 61, 7500 Holstebro
Smedevej 14, 7430 Ikast

Former names

Lund & Refsgaard A/S – now
Lund & Refsgaard ApS –

Other companies at the same address

Similar companies in Holstebro

Questions and answers about Lund & Refsgaard A/S

Has Lund & Refsgaard A/S gone bankrupt?

No, Lund & Refsgaard A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Lund & Refsgaard A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Lund & Refsgaard A/S?

Tom Brændgaard Lund, Steffan Bøgelund Refsgaard are the CEOs of Lund & Refsgaard A/S.

Who is the auditor of Lund & Refsgaard A/S?

Lund & Refsgaard A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Lund & Refsgaard A/S founded?

Lund & Refsgaard A/S was founded on 27 December 2023.

What is the equity of Lund & Refsgaard A/S?

Equity was DKK 28.7m 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.