VARIANT A/S

CVR 54899416 · Public limited company (A/S) · Active · Low risk

VARIANT A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry fremstilling af karosserier til motorkøretøjer; fremstilling af påhængsvogne og sættevogne. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 84.1m and a net result of DKK 18.8m. CEO: Andreas Hartvig Buhl.

Bankruptcy risk for VARIANT A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

No significant risk factors.

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%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
54899416
Status
Active
Company type
Public limited company (A/S)
Founded
(50 years)
Address
Godthåbsvej 5
7100 Vejle
Municipality
Vejle
Industry
Fremstilling af karosserier til motorkøretøjer; fremstilling af påhængsvogne og sættevogne (292000)
Bankruptcies in the industry: Fremstilling af karosserier til motorkøretøjer: fremstilling af påhængsvogne og sættevogne
Share capital
DKK 500k
Employees
83 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 31
Missing annual reportNo
Negative equityNo
Equity ratio53.2%
Current ratio495%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 91.4mDKK 75.0m
Net profitDKK 18.8mDKK 13.9m
EquityDKK 84.1mDKK 77.3m
Total assetsDKK 158.2mDKK 141.9m
CashDKK 20.7m–
Short-term debtDKK 18.8m–
Avg. employees113–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202572
1 Jan 2024 – 31 Dec 2024121
1 Jan 2023 – 31 Dec 202368
1 Jan 2022 – 31 Dec 202293
1 Jan 2021 – 31 Dec 202194
1 Jan 2020 – 31 Dec 202054
1 Jan 2019 – 31 Dec 201993
1 Jan 2018 – 31 Dec 201853
1 Jan 2017 – 31 Dec 201759
1 Jan 2016 – 31 Dec 201676
1 Jan 2015 – 31 Dec 201571
1 Jan 2014 – 31 Dec 201456
1 Jan 2013 – 31 Dec 201363
1 Jan 2012 – 31 Dec 201272
1 Jan 2011 – 31 Dec 201161
1 Jan 2010 – 31 Dec 201069
1 Jan 2009 – 31 Dec 200989
1 Jan 2008 – 31 Dec 200868
1 Jan 2007 – 31 Dec 200773
1 Jan 2006 – 31 Dec 200670

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
CEOAndreas Hartvig BuhlCurrent
CEOJens Hartvig Buhl
CEONiels Jørgen Buhl
CEOJens Hartvig Buhl
BoardAndreas Hartvig BuhlCurrent
BoardJens Hartvig BuhlCurrent
BoardKeld Ny BuhlCurrent
BoardJens Erik Møller
BoardNiels Jørgen Buhl
BoardKeld Norup
Owner (100%)Variant Holding ApSCurrent
Owner (25%)JEBU 2 ApS
Owner (67%)Anbu Holding ApS
Owner (25%)Jebu 2.2 ApS
Owner (20%)Anbu Holding ApS
Owner (67%)Variant Holding ApS
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab

The CEOs' other companies

Andreas Hartvig Buhl – 5 other companies

Jens Hartvig Buhl – 12 other companies, of which 1 bankrupt

Niels Jørgen Buhl – 7 other companies

Address history (2 moves)

Godthåbsvej 5, 7100 Vejle
Godthåbsvej 5, 7100 Vejle
Godthåbsvej 5, 7100 Vejle

Former names

VARIANT A/S – now
DE FORENEDE TRAILERFABRIKKER A/S –
NIELS & JENS BUHL ApS –

Employees per year

Number of employees at VARIANT A/S per year45892011: 5720112012: 5520122013: 5620132014: 6020142015: 6920152016: 7620162017: 8920172018: 832018

Other companies at the same address

Similar companies in Vejle

Questions and answers about VARIANT A/S

Has VARIANT A/S gone bankrupt?

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

What is the bankruptcy risk of VARIANT A/S?

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

Who is the CEO of VARIANT A/S?

Andreas Hartvig Buhl is the CEO of VARIANT A/S.

Who is the auditor of VARIANT A/S?

VARIANT A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was VARIANT A/S founded?

VARIANT A/S was founded on 15 December 1975.

What is the equity of VARIANT A/S?

Equity was DKK 84.1m 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.