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.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 525,470 | 592,992 | 686,649 | 586,425 | 616,376 | 681,164 | +10.5% |
| Gross profit | 156,677 | 172,017 | 210,823 | 180,054 | 186,910 | 185,740 | −0.6% |
| Operating profit (EBIT) | 17,857 | 15,882 | 40,860 | 352 | −5,373 | −27,365 | −409.3% |
| Profit before tax | 17,379 | 16,663 | 40,111 | 1,256 | −10,180 | −39,798 | −290.9% |
| Net profit | 13,541 | 13,150 | 30,486 | 479 | −8,656 | −30,533 | −252.7% |
| Total assets | 183,657 | 186,283 | 196,085 | 200,730 | 325,534 | 296,690 | −8.9% |
| Equity | 70,168 | 71,318 | 72,804 | 66,123 | 56,372 | 26,798 | −52.5% |
| Liabilities | 112,094 | 114,966 | 122,530 | 133,161 | 269,162 | 269,891 | +0.3% |
| Cash and cash equivalents | 22,168 | 16,509 | 5,240 | 20,685 | 7,822 | 10,686 | +36.6% |
| Average number of employees | 245 | 257 | 277 | 285 | 274 | 291 | +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
Signals from the financial statements
calculated from the 2025 figuresLoss 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 31/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 08/08/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 04/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 05/04/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 12/04/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 15/04/2021 | 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
372 companies in the databaseComparison with the other companies in other transportation support activities based on the latest financial year.
Industry median: gross profit DKK 6.2m, net profit DKK 653k, equity DKK 3.3m, 7 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| 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- BHS Logistics A/SDKK 185.7m
- DSV Road A/SDKK 1.2bn
- Scan Global Logistics A/SDKK 829.9m
- BHS Logistics A/S−DKK 30.5m
- DSV Road A/S−DKK 894k
- Scan Global Logistics A/SDKK 112m
- BHS Logistics A/SDKK 26.8m
- DSV Road A/SDKK 403.4m
- Scan Global Logistics A/SDKK 2.4bn
- BHS Logistics A/S324
- DSV Road A/S1,644
- 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- Studsgaard Holding A/S100%
Subsidiaries are shown only if they are in the database.
Management
6 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Morten Studsgaard | CEO | 06/11/2020 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Morten Studsgaard | Board member | 05/12/2000 |
| Sara Studsgaard | Board member | 25/04/2016 |
| Søren Jørgensen | Chair of the board | 30/04/2018 |
| Anne Christine Beck | Board member | 23/03/2021 |
| Per Brian Jørgensen | Board member | 20/09/2025 |
- Auditor
- Bornholms Revision A/S
Former management (16)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Lilli-Ann Majbrit Studsgaard | Board member | 19/06/1985 | 25/04/2016 |
| Elon Studsgaard | Director | 19/06/1985 | 04/06/2008 |
| Carl Johan Mørck | Board member | 19/06/1985 | 29/02/1996 |
| Per Aage Arnoldus | Chair of the board | 29/02/1996 | 04/06/2008 |
| Bo Eklund | Board member | 16/08/2006 | 30/01/2012 |
| Elon Studsgaard | Chair of the board | 04/06/2008 | 30/04/2018 |
| Morten Studsgaard | Director | 04/06/2008 | 05/11/2020 |
| John Stage Kejlhof | Board member | 30/06/2009 | 08/03/2011 |
| Søren Jørgensen | Board member | 31/03/2012 | 29/04/2018 |
| Thomas Poulsen | Board member | 25/04/2016 | 23/09/2020 |
| Birgitte Jespersen Skade | Board member | 30/04/2018 | 20/09/2025 |
| Lene Brun Geismar | Director | 06/11/2020 | 15/02/2023 |
| Nikolaj Meyland-Smith | Board member | 23/03/2021 | 13/11/2023 |
| Jesper Helmuth Larsen | Director | 01/06/2023 | 06/08/2025 |
| Jannik Lenthe Olesen | Director | 01/08/2024 | 29/04/2026 |
| Kim Lindberg Christensen | Director | 01/11/2025 | 30/09/2026 |
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 unitsVesthavnsvej 4
3700 Rønne
Bornholm Municipality · Postcode 3700
Other companies at the address (1)
- BHS Service Center A/SOther repair and maintenance of motor vehicles n.e.c.
| Production unit | Address | Employees | P number |
|---|---|---|---|
| BHS Logistics A/S | Egedesvej 40, 4600 Køge | 131 | 1028176992 |
| BHS Logistics A/S | Vesthavnsvej 4, 3700 Rønne | 118 | 1003045267 |
| BHS Logistics A/S | Stormosevej 20, 8361 Hasselager | 36 | 1008268874 |
| BHS Logistics A/S | C.F. Tietgens Boulevard 12, Fraugde, 5220 Odense SØ | 20 | 1003045279 |
| BHS Logistics A/S | Nordhavnsvej 12A, 4600 Køge | 8 | 1027704863 |
| BHS Logistics A/S - Danske Fragtmænd, Sjælland | Letland 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 events20263 changesmanagement 2 · accounts 1
- ManagementKim Lindberg Christensen stepped down as director
- AccountsAnnual report for 2025 published
- ManagementJannik Lenthe Olesen stepped down as director
20256 changesmanagement 4 · accounts 1 · industry 1
- ManagementKim Lindberg Christensen appointed director
- ManagementPer Brian Jørgensen appointed board member
- ManagementBirgitte Jespersen Skade stepped down as board member
- AccountsAnnual report for 2024 published
- ManagementJesper Helmuth Larsen stepped down as director
- IndustryIndustry changed to Other transportation support activities (522600)
20242 changesmanagement 1 · accounts 1
- ManagementJannik Lenthe Olesen appointed director
- AccountsAnnual report for 2023 published
20234 changesmanagement 3 · accounts 1
- ManagementNikolaj Meyland-Smith stepped down as board member
- ManagementJesper Helmuth Larsen appointed director
- AccountsAnnual report for 2022 published
- ManagementLene Brun Geismar stepped down as director
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20213 changesaccounts 1 · management 2
- AccountsAnnual report for 2020 published
- ManagementNikolaj Meyland-Smith appointed board member
- ManagementAnne Christine Beck appointed board member
20204 changesmanagement 4
- ManagementLene Brun Geismar appointed director
- ManagementMorten Studsgaard appointed ceo
- ManagementMorten Studsgaard stepped down as director
- ManagementThomas Poulsen stepped down as board member
20185 changesaddress 1 · management 4
- AddressMoved to Vesthavnsvej 4, 3700 Rønne
- ManagementBirgitte Jespersen Skade appointed board member
- ManagementSøren Jørgensen appointed chair of the board
- ManagementElon Studsgaard stepped down as chair of the board
- ManagementSøren Jørgensen stepped down as board member
20171 changename 1
- NameName changed from BECH-HANSEN & STUDSGAARD A/S to BHS Logistics A/S
20163 changesmanagement 3
- ManagementSara Studsgaard appointed board member
- ManagementThomas Poulsen appointed board member
- ManagementLilli-Ann Majbrit Studsgaard stepped down as board member
20122 changesmanagement 2
- ManagementSøren Jørgensen appointed board member
- ManagementBo Eklund stepped down as board member
20111 changemanagement 1
- ManagementJohn Stage Kejlhof stepped down as board member
20091 changemanagement 1
- ManagementJohn Stage Kejlhof appointed board member
20085 changesmanagement 4 · industry 1
- ManagementElon Studsgaard appointed chair of the board
- ManagementMorten Studsgaard appointed director
- ManagementPer Aage Arnoldus stepped down as chair of the board
- ManagementElon Studsgaard stepped down as director
- IndustryIndustry changed to Speditører (522920)
20061 changemanagement 1
- ManagementBo Eklund appointed board member
20051 changemerger 1
- MergerMerger registered in CVR
20041 changeaddress 1
- AddressMoved to Vesthavnsvej 4, 3700 Rønne
20031 changeaddress 1
- AddressMoved to Vesthavnsvej 4, 3700 Rønne
20001 changemanagement 1
- ManagementMorten Studsgaard appointed board member
19991 changeownership 1
- OwnershipSTUDSGAARD HOLDING A/S registered as owner (100%)
19962 changesmanagement 2
- ManagementPer Aage Arnoldus appointed chair of the board
- ManagementCarl Johan Mørck stepped down as board member
19931 changecapital 1
- CapitalShare capital changed from 5,000,000 DKK to 10,000,000 DKK
19901 changecapital 1
- CapitalShare capital changed from 1,000,000 DKK to 5,000,000 DKK
19854 changesfounded 1 · management 3
- FoundedRegistered as BECH-HANSEN & STUDSGAARD A/S
- ManagementElon Studsgaard appointed director
- ManagementCarl Johan Mørck appointed board member
- ManagementLilli-Ann Majbrit Studsgaard appointed board member
Related companies
Same people in management
- Moment A/Svia Søren Jørgensen
- Danske Fragtmænd A/Svia Elon Studsgaard
- Frode Laursen A/Svia Per Brian Jørgensen
- European Energy A/Svia Jesper Helmuth Larsen
- DSV Contract Logistics A/Svia Nikolaj Meyland-Smith
- AJ Vaccines A/Svia Jesper Helmuth Larsen
Largest in the industry
- DSV Road A/SDKK 1.2bn
- Scan Global Logistics A/SDKK 829.9m
- Blue Water Shipping A/SDKK 527.3m
- DSV Air & Sea A/SDKK 516.5m
- Dachser Denmark A/SDKK 357m
- Nagel Danmark A/SDKK 327.6m
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.