BHS Logistics A/S

Public limited companyCVR 35255516RønneActive

BHS Logistics A/S is a public limited company, based in Rønne, active in other transportation support activities, founded in 1985. The company made a loss in both 2024 and 2025, most recently DKK 30.5m. Operations are spread over 6 production units in 5 towns. With 324 employees, the company is about 46 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 681.2m+10.5% vs. 2024
Net profit−DKK 30.5m−252.7% vs. 2024
EquityDKK 26.8m−52.5% vs. 2024
Employees324latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Revenue rose 11% (2024 → 2025), to DKK 681.2m.
  • The loss grew: from DKK 8.7m to DKK 30.5m (2024 → 2025).
  • Equity fell 52% (2024 → 2025), to DKK 26.8m.

Employees

  • 6 fewer employees than a year earlier: 324 (07/2026) against 330 (07/2025).

Management and owners, last 24 months

  • New in management: Per Brian Jørgensen (board member, 20/09/2025) and Kim Lindberg Christensen (director, 01/11/2025).
  • Stepped down: Birgitte Jespersen Skade (board member, 20/09/2025), Jesper Helmuth Larsen (director, 06/08/2025) and Jannik Lenthe Olesen (director, 29/04/2026) (+1).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other transportation support activities (522600)

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 thousand

Equity and net profit

−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
EquityNet profit
Financial figures for BHS Logistics A/S
202020212022202320242025Change
Revenue525,470592,992686,649586,425616,376681,164+10.5%
Gross profit156,677172,017210,823180,054186,910185,740−0.6%
Operating profit (EBIT)17,85715,88240,860352−5,373−27,365−409.3%
Profit before tax17,37916,66340,1111,256−10,180−39,798−290.9%
Net profit13,54113,15030,486479−8,656−30,533−252.7%
Total assets183,657186,283196,085200,730325,534296,690−8.9%
Equity70,16871,31872,80466,12356,37226,798−52.5%
Liabilities112,094114,966122,530133,161269,162269,891+0.3%
Cash and cash equivalents22,16816,5095,24020,6857,82210,686+36.6%
Average number of employees245257277285274291+6.2%

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.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 50mDKK 100mDKK 150mDKK 200m202020212022202320242025
Gross profitMedian, the industry (372 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 52% from 2024 to 2025 (DKK 56.4m to DKK 26.8m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 9% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

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
Annual reports for BHS Logistics A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202531/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202408/08/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202205/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202112/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202015/04/2021The companyPDFXBRL

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 CVR
05010015020025030035008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

372 companies in the database

Comparison with the other companies in other transportation support activities based on the latest financial year.

Gross profitDKK 185.7mNo. 17 of 371
Better than 96% of the companies in the industry
EquityDKK 26.8mNo. 61 of 372
Better than 84% of the companies in the industry
Number of employees324No. 15 of 372
Better than 96% of the companies in the industry

Industry median: gross profit DKK 6.2m, net profit DKK 653k, equity DKK 3.3m, 7 employees.

DKK 100kDKK 1mDKK 10.8mDKK 112.4mDKK 535.4mHere
Distribution of gross profit for 356 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 200–499 employees796 companies in the comparison
No. 320of 763
Better than 58%
No. 609of 796
Better than 24%
Same industry and 200–499 employees16 companies in the comparison
No. 9of 15
Better than 43%
No. 14of 16
Better than 13%
Companies that are at least 30 years old10,276 companies in the comparison
No. 475of 10,152
Better than 95%
No. 2,923of 10,275
Better than 72%
All companies of type A/S18,025 companies in the comparison
No. 855of 17,786
Better than 95%
No. 5,268of 18,024
Better than 71%

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 transportation support activities
Gross profit
  1. BHS Logistics A/SDKK 185.7m
  2. DSV Road A/SDKK 1.2bn
  3. Scan Global Logistics A/SDKK 829.9m
Net profit
  1. BHS Logistics A/S−DKK 30.5m
  2. DSV Road A/S−DKK 894k
  3. Scan Global Logistics A/SDKK 112m
Equity
  1. BHS Logistics A/SDKK 26.8m
  2. DSV Road A/SDKK 403.4m
  3. Scan Global Logistics A/SDKK 2.4bn
Employees
  1. BHS Logistics A/S324
  2. DSV Road A/S1,644
  3. Scan Global Logistics A/S551

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Studsgaard Holding A/S100%
BHS Logistics A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at BHS Logistics A/S
NameRoleAppointed
Morten StudsgaardCEO06/11/2020

Board of directors

Board of directors at BHS Logistics A/S
NameRoleAppointed
Morten StudsgaardBoard member05/12/2000
Sara StudsgaardBoard member25/04/2016
Søren JørgensenChair of the board30/04/2018
Anne Christine BeckBoard member23/03/2021
Per Brian JørgensenBoard member20/09/2025
Former management (16)
Former management at BHS Logistics A/S
NameRoleAppointedResigned
Lilli-Ann Majbrit StudsgaardBoard member19/06/198525/04/2016
Elon StudsgaardDirector19/06/198504/06/2008
Carl Johan MørckBoard member19/06/198529/02/1996
Per Aage ArnoldusChair of the board29/02/199604/06/2008
Bo EklundBoard member16/08/200630/01/2012
Elon StudsgaardChair of the board04/06/200830/04/2018
Morten StudsgaardDirector04/06/200805/11/2020
John Stage KejlhofBoard member30/06/200908/03/2011
Søren JørgensenBoard member31/03/201229/04/2018
Thomas PoulsenBoard member25/04/201623/09/2020
Birgitte Jespersen SkadeBoard member30/04/201820/09/2025
Lene Brun GeismarDirector06/11/202015/02/2023
Nikolaj Meyland-SmithBoard member23/03/202113/11/2023
Jesper Helmuth LarsenDirector01/06/202306/08/2025
Jannik Lenthe OlesenDirector01/08/202429/04/2026
Kim Lindberg ChristensenDirector01/11/202530/09/2026

Signing rule: Selskabet tegnes af den administrerende direktør alene eller af en direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

6 active production units

Vesthavnsvej 4
3700 Rønne

Bornholm Municipality · Postcode 3700

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
BHS Logistics A/SEgedesvej 40, 4600 Køge1311028176992
BHS Logistics A/SVesthavnsvej 4, 3700 Rønne1181003045267
BHS Logistics A/SStormosevej 20, 8361 Hasselager361008268874
BHS Logistics A/SC.F. Tietgens Boulevard 12, Fraugde, 5220 Odense SØ201003045279
BHS Logistics A/SNordhavnsvej 12A, 4600 Køge81027704863
BHS Logistics A/S - Danske Fragtmænd, SjællandLetland Alle 3, 2630 Taastrup–1026552121

Purpose

Selskabets formål er at drive speditions-, transport- samt shippingvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

55 registered events
20263 changesmanagement 2 · accounts 1
  • Kim Lindberg Christensen stepped down as director
  • Annual report for 2025 published
  • Jannik Lenthe Olesen stepped down as director
20256 changesmanagement 4 · accounts 1 · industry 1
  • Kim Lindberg Christensen appointed director
  • Per Brian Jørgensen appointed board member
  • Birgitte Jespersen Skade stepped down as board member
  • Annual report for 2024 published
  • Jesper Helmuth Larsen stepped down as director
  • Industry changed to Other transportation support activities (522600)
20242 changesmanagement 1 · accounts 1
  • Jannik Lenthe Olesen appointed director
  • Annual report for 2023 published
20234 changesmanagement 3 · accounts 1
  • Nikolaj Meyland-Smith stepped down as board member
  • Jesper Helmuth Larsen appointed director
  • Annual report for 2022 published
  • Lene Brun Geismar stepped down as director
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaccounts 1 · management 2
  • Annual report for 2020 published
  • Nikolaj Meyland-Smith appointed board member
  • Anne Christine Beck appointed board member
20204 changesmanagement 4
  • Lene Brun Geismar appointed director
  • Morten Studsgaard appointed ceo
  • Morten Studsgaard stepped down as director
  • Thomas Poulsen stepped down as board member
20185 changesaddress 1 · management 4
  • Moved to Vesthavnsvej 4, 3700 Rønne
  • Birgitte Jespersen Skade appointed board member
  • Søren Jørgensen appointed chair of the board
  • Elon Studsgaard stepped down as chair of the board
  • Søren Jørgensen stepped down as board member
20171 changename 1
  • Name changed from BECH-HANSEN & STUDSGAARD A/S to BHS Logistics A/S
20163 changesmanagement 3
  • Sara Studsgaard appointed board member
  • Thomas Poulsen appointed board member
  • Lilli-Ann Majbrit Studsgaard stepped down as board member
20122 changesmanagement 2
  • Søren Jørgensen appointed board member
  • Bo Eklund stepped down as board member
20111 changemanagement 1
  • John Stage Kejlhof stepped down as board member
20091 changemanagement 1
  • John Stage Kejlhof appointed board member
20085 changesmanagement 4 · industry 1
  • Elon Studsgaard appointed chair of the board
  • Morten Studsgaard appointed director
  • Per Aage Arnoldus stepped down as chair of the board
  • Elon Studsgaard stepped down as director
  • Industry changed to Speditører (522920)
20061 changemanagement 1
  • Bo Eklund appointed board member
20051 changemerger 1
  • Merger registered in CVR
20041 changeaddress 1
  • Moved to Vesthavnsvej 4, 3700 Rønne
20031 changeaddress 1
  • Moved to Vesthavnsvej 4, 3700 Rønne
20001 changemanagement 1
  • Morten Studsgaard appointed board member
19991 changeownership 1
  • STUDSGAARD HOLDING A/S registered as owner (100%)
19962 changesmanagement 2
  • Per Aage Arnoldus appointed chair of the board
  • Carl Johan Mørck stepped down as board member
19931 changecapital 1
  • Share capital changed from 5,000,000 DKK to 10,000,000 DKK
19901 changecapital 1
  • Share capital changed from 1,000,000 DKK to 5,000,000 DKK
19854 changesfounded 1 · management 3
  • Registered as BECH-HANSEN & STUDSGAARD A/S
  • Elon Studsgaard appointed director
  • Carl Johan Mørck appointed board member
  • Lilli-Ann Majbrit Studsgaard appointed board member

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Same industry in Bornholm

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Same people in management

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.

View in CVRReport a correction