Auto Group Nordvest A/S
Public limited companyCVR 37646962HerningActive
Auto Group Nordvest A/S is a public limited company, based in Herning, active in other repair and maintenance of motor vehicles n.e.c., founded in 2016. Net profit rose 143% from 2024 to 2025, ending at DKK 14.7m. Measured by gross profit, it ranks no. 3 of 1,294 companies in the industry in the database. Profit has grown three years in a row.
Key figures · financial year 2025
RevenueDKK 1.6bn
Net profitDKK 14.7m+143.1% vs. 2024
EquityDKK 122.5m+13.4% vs. 2024
Employees222latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 39% (2024 → 2025), to DKK 120.4m.
- Net profit rose 143% (2024 → 2025), to DKK 14.7m.
- Equity rose 13% (2024 → 2025), to DKK 122.5m.
Employees
- 19 more employees than a year earlier: 222 (07/2026) against 203 (07/2025).
Management and owners, last 24 months
- New in management: Michael Axelsen Ustrup (director, 01/04/2025).
- Stepped down: Kenneth Tang (director, 01/04/2025) and Michael Axelsen Ustrup (board member, 01/04/2025).
Registrations, last 24 months
- 29/12/2025: Merger registered in CVR
- 29/12/2025: Share capital changed from 12,010,000 DKK to 12,020,000 DKK
- 01/01/2025: Industry changed to Other repair and maintenance of motor vehicles n.e.c. (953190)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | 1,577,971 | – |
| Gross profit | 25,489 | 22,470 | 28,896 | 28,685 | 86,592 | 120,436 | +39.1% |
| Operating profit (EBIT) | 5,074 | 1,950 | 7,840 | 5,232 | 14,442 | 26,478 | +83.3% |
| Profit before tax | – | 1,678 | 7,870 | 4,364 | 8,773 | 19,742 | +125% |
| Net profit | 4,445 | 1,215 | 6,158 | 3,402 | 6,046 | 14,698 | +143.1% |
| Total assets | 93,255 | 46,885 | 55,553 | 56,620 | 192,855 | 205,145 | +6.4% |
| Equity | 33,076 | 16,215 | 21,158 | 18,710 | 108,084 | 122,547 | +13.4% |
| Liabilities | 60,179 | 30,670 | 34,394 | 37,910 | 84,771 | 82,598 | −2.6% |
| Cash and cash equivalents | 11 | 3 | 6 | 23 | 4,030 | 1,055 | −73.8% |
| Average number of employees | 41 | 42 | – | 45 | 134 | 178 | +32.8% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 08/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 26/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 17/05/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 20/03/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 12/05/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 16/04/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
1,294 companies in the databaseComparison with the other companies in other repair and maintenance of motor vehicles n.e.c. based on the latest financial year.
Gross profitDKK 120.4mNo. 3 of 1,294
Better than 100% of the companies in the industry
EquityDKK 122.5mNo. 2 of 1,294
Better than 100% of the companies in the industry
Number of employees222No. 2 of 1,294
Better than 100% of the companies in the industry
Industry median: gross profit DKK 2.3m, net profit DKK 235k, equity DKK 1.1m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 200–499 employees796 companies in the comparison | No. 486of 763 Better than 36% | No. 354of 796 Better than 56% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 259of 33,588 Better than 99% | No. 588of 33,687 Better than 98% |
| All companies of type A/S18,025 companies in the comparison | No. 1,314of 17,786 Better than 93% | No. 1,994of 18,024 Better than 89% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Other repair and maintenance of motor vehicles n.e.c.Gross profit
- Auto Group Nordvest A/SDKK 120.4m
- Carglass A/SDKK 172.4m
- Quickpoint A/SDKK 122.9m
Net profit
- Auto Group Nordvest A/SDKK 14.7m
- Carglass A/SDKK 25.4m
- Quickpoint A/SDKK 28.7m
Equity
- Auto Group Nordvest A/SDKK 122.5m
- Carglass A/SDKK 50.4m
- Quickpoint A/SDKK 50.5m
Employees
- Auto Group Nordvest A/S222
- Carglass A/S284
- Quickpoint A/S207
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Auto Group Nordvest Holding A/S100%
Auto Group Nordvest A/S
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Michael Axelsen Ustrup | Director | 01/04/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Henrik Hedegård Lyhne | Board member | 28/04/2016 |
| Kenneth Tang | Board member | 28/04/2016 |
| Henrik Larsen | Board member | 30/03/2021 |
| Anders Vejgaard | Chair of the board | 30/03/2021 |
- Founders
- Tang Biler A/S, Haaning Automobiler I/S, A. C. Vejgaard Holding ApS, Ejendomsselskabet Katkjærvej 10, Skive A/S
Former management (10)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Christen Alfred Haaning | Board member | 28/04/2016 | 30/03/2021 |
| Michael Degn | Board member | 28/04/2016 | 28/12/2017 |
| Martin Krog Tang | Director | 28/04/2016 | 30/10/2018 |
| Anders Christian Vejgaard | Chair of the board | 28/04/2016 | 30/03/2021 |
| Anne Mette Vejgaard | Director | 30/10/2018 | 06/02/2020 |
| Kenneth Tang | Director | 06/02/2020 | 30/08/2022 |
| Mads Peter Lindvig | Director | 30/08/2022 | 01/09/2023 |
| Mads Peter Lindvig | Board member | 30/08/2022 | 16/05/2024 |
| Kenneth Tang | Director | 01/09/2023 | 01/04/2025 |
| Michael Axelsen Ustrup | Board member | 16/05/2024 | 01/04/2025 |
Signing rule: Selskabet tegnes af direktøren i forening med bestyrelsesformanden eller af den samlede bestyrelse.
Address and production units
8 active production unitsTjelevej 14
7400 Herning
| Production unit | Address | Employees | P number |
|---|---|---|---|
| AGN - Holstebro | Nybovej 27, 7500 Holstebro | 57 | 1030732517 |
| Auto Group Nordvest A/S (Tjelevej) | Tjelevej 14-20, Tjørring, 7400 Herning | 57 | 1021376317 |
| AGN - Thisted | Uglevej 1, 7700 Thisted | 40 | 1030732126 |
| AGN - Ringkøbing | Enghavevej 1, 6950 Ringkøbing | 26 | 1030732533 |
| AGN - Herning (Hvidkildevej) | Hvidkildevej 5, 7400 Herning | 22 | 1022301256 |
| AGN - Nykøbing M. | Vesterbro 70, 7900 Nykøbing M | 11 | 1030732509 |
| AGN - Lemvig | Navervej 1, 7620 Lemvig | 10 | 1030732541 |
| AGN - Skive | Katkjærvej 10, 7800 Skive | – | 1032643716 |
Purpose
Selskabets formål er drift af handel med og servicering af biler og anden dermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
72 registered events172016
72017
32018
02019
22020
62021
72022
72023
152024
72025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20257 changescapital 1 · merger 1 · accounts 1 · management 3 · industry 1
- CapitalShare capital changed from 12,010,000 DKK to 12,020,000 DKK
- MergerMerger registered in CVR
- AccountsAnnual report for 2024 published
- ManagementMichael Axelsen Ustrup appointed director
- ManagementMichael Axelsen Ustrup stepped down as board member
- ManagementKenneth Tang stepped down as director
- IndustryIndustry changed to Other repair and maintenance of motor vehicles n.e.c. (953190)
202415 changescapital 1 · merger 1 · ownership 10 · accounts 1 · management 2
- CapitalShare capital changed from 12,000,000 DKK to 12,010,000 DKK
- MergerMerger registered in CVR
- OwnershipAuto Group Nordvest Holding A/S registered as owner (100%)
- OwnershipHelMau ApS is no longer registered as owner
- OwnershipTang Biler Holding A/S is no longer registered as owner
- OwnershipA. C. VEJGAARD HOLDING ApS is no longer registered as owner
- OwnershipHelMau ApS registered as owner (33.33%)
- OwnershipUstrup ApS is no longer registered as owner
- OwnershipHL67 Holding ApS is no longer registered as owner
- AccountsAnnual report for 2023 published
- ManagementMichael Axelsen Ustrup appointed board member
- ManagementMads Peter Lindvig stepped down as board member
- OwnershipUstrup ApS registered as owner (20%)
- OwnershipLindvig Info ApS is no longer registered as owner
- OwnershipUstrup ApS is no longer registered as owner
20237 changesownership 4 · management 2 · accounts 1
- OwnershipTang Biler Holding A/S registered as owner (25%)
- OwnershipTANG BILER A/S is no longer registered as owner
- OwnershipHL67 Holding ApS registered as owner (25%)
- OwnershipHaaning Automobiler A/S is no longer registered as owner
- ManagementKenneth Tang appointed director
- ManagementMads Peter Lindvig stepped down as director
- AccountsAnnual report for 2022 published
20227 changesmanagement 3 · ownership 2 · accounts 1 · capital 1
- ManagementMads Peter Lindvig appointed board member
- ManagementMads Peter Lindvig appointed director
- ManagementKenneth Tang stepped down as director
- OwnershipLindvig Info ApS registered as owner (10%)
- OwnershipUstrup ApS registered as owner (10%)
- AccountsAnnual report for 2021 published
- CapitalShare capital changed from 24,000,000 DKK to 12,000,000 DKK
20216 changesname 1 · accounts 1 · management 4
- NameName changed from Auto Group Nordvest P/S to Auto Group Nordvest A/S
- AccountsAnnual report for 2020 published
- ManagementHenrik Larsen appointed board member
- ManagementAnders Vejgaard appointed chair of the board
- ManagementAnders Christian Vejgaard stepped down as chair of the board
- ManagementChristen Alfred Haaning stepped down as board member
20202 changesmanagement 2
- ManagementKenneth Tang appointed director
- ManagementAnne Mette Vejgaard stepped down as director
20183 changesmanagement 2 · address 1
- ManagementAnne Mette Vejgaard appointed director
- ManagementMartin Krog Tang stepped down as director
- AddressMoved to Tjelevej 14-20, Tjørring, 7400 Herning
20177 changesmanagement 1 · ownership 6
- ManagementMichael Degn stepped down as board member
- OwnershipHaaning Automobiler A/S registered as owner (25%)
- OwnershipHAANING AUTOMOBILER I/S is no longer registered as owner
- OwnershipTANG BILER A/S registered as owner (25%)
- OwnershipA. C. VEJGAARD HOLDING ApS registered as owner (25%)
- OwnershipHAANING AUTOMOBILER I/S registered as owner (33.33%)
- OwnershipEjendomsselskabet Katkjærvej 10, Skive A/S is no longer registered as owner
201617 changesownership 7 · capital 1 · industry 2 · founded 1 · management 6
- OwnershipTANG BILER A/S is no longer registered as owner
- OwnershipA. C. VEJGAARD HOLDING ApS is no longer registered as owner
- OwnershipHAANING AUTOMOBILER I/S is no longer registered as owner
- CapitalShare capital changed from 20,000,000 DKK to 24,000,000 DKK
- IndustryIndustry changed to Autoreparationsværksteder mv. (452010)
- IndustryIndustry changed to Engroshandel med personbiler, varebiler og minibusser (451110)
- FoundedRegistered as Auto Group Nordvest P/S
- ManagementMartin Krog Tang appointed director
- ManagementHenrik Hedegård Lyhne appointed board member
- ManagementKenneth Tang appointed board member
- ManagementAnders Christian Vejgaard appointed chair of the board
- ManagementChristen Alfred Haaning appointed board member
- ManagementMichael Degn appointed board member
- OwnershipTANG BILER A/S registered as owner (33.33%)
- OwnershipEjendomsselskabet Katkjærvej 10, Skive A/S registered as owner (10%)
- OwnershipA. C. VEJGAARD HOLDING ApS registered as owner (33.33%)
- OwnershipHAANING AUTOMOBILER I/S registered as owner (33.33%)
Related companies
Same industry in Herning
- Handimobil A/S37 employees
- Diesel Dok ApS26 employees
- S&s Bilhus ApS16 employees
- K & L Auto A/S15 employees
- Bilhuset Lind ApS12 employees
- Au2skader.dk ApS10 employees
Same people in management
- NJORD Law Firm Advokatpartnerselskabvia Henrik Hedegård Lyhne
- Brands4kids A/Svia Henrik Hedegård Lyhne
- Silkeborg IF A/Svia Henrik Hedegård Lyhne
- Nielsen Car Group Administration A/Svia Henrik Hedegård Lyhne
- HOYER Dantra ApSvia Henrik Hedegård Lyhne
- Maki A/Svia Henrik Hedegård Lyhne
Largest in the industry
- Carglass A/SDKK 172.4m
- Quickpoint A/SDKK 122.9m
- Ketner A/SDKK 101m
- Wash World ApSDKK 96.3m
- Dansk Bilglas A/SDKK 69.7m
- Skorstensgaard A/SDKK 60.1m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.