Hay ApS
Private limited companyCVR 26799945HorsensActive
Hay ApS is a private limited company, based in Horsens, active in wholesale of furniture for homes, offices and shops, carpets and lighting equipment, founded in 2002. Net profit rose 20% from 2024 to 2025, ending at DKK 112.9m. Measured by gross profit, it ranks no. 4 of 305 companies in the industry in the database. Operations are spread over 6 production units.
Key figures · financial year 2025
RevenueDKK 1.2bn+0.3% vs. 2024
Net profitDKK 112.9m+19.8% vs. 2024
EquityDKK 413.4m+4.7% vs. 2024
Employees239latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 14% (2024 → 2025), to DKK 285.7m.
- Net profit rose 20% (2024 → 2025), to DKK 112.9m.
- Equity rose 5% (2024 → 2025), to DKK 413.4m.
Employees
- 16 more employees than a year earlier: 239 (07/2026) against 223 (07/2025).
Management and owners, last 24 months
- New in management: Jeffrey Martin Stutz (chair of the board, 29/06/2026), Aaron Roger Maat (board member, 29/06/2026) and Robert Thomas Woodbridge (board member, 29/06/2026) (+1).
- Stepped down: Andrea Ruth Owen (chair of the board, 29/06/2026), Megan Christine Lyon (board member, 03/06/2026) and Christopher Michael Baldwin (board member, 08/09/2025) (+1).
Registrations, last 24 months
- 07/03/2025: Merger registered in CVR
- 01/01/2025: Industry changed to Wholesale of furniture for homes, offices and shops, carpets and lighting equipment (464700)
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 | 871,180 | 1,189,541 | 1,477,684 | 1,358,614 | 1,215,587 | 1,219,263 | +0.3% |
| Gross profit | 149,667 | 276,096 | 338,994 | 274,520 | 251,250 | 285,654 | +13.7% |
| Operating profit (EBIT) | 49,235 | 178,864 | 220,772 | 155,038 | 122,911 | 151,646 | +23.4% |
| Profit before tax | 46,908 | 180,741 | 219,205 | 148,476 | 124,779 | 145,195 | +16.4% |
| Net profit | 31,298 | 140,989 | 170,665 | 114,655 | 94,253 | 112,920 | +19.8% |
| Total assets | 350,617 | 475,772 | 590,021 | 493,239 | 523,823 | 582,056 | +11.1% |
| Equity | 210,598 | 309,473 | 347,979 | 358,669 | 394,922 | 413,369 | +4.7% |
| Liabilities | 140,019 | 166,299 | 242,042 | 134,343 | – | 167,826 | – |
| Cash and cash equivalents | 60,908 | 178,711 | 167,035 | 93,747 | – | 152,329 | – |
| Average number of employees | 176 | 171 | 191 | 207 | 204,000 | 201 | −99.9% |
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 figuresFewer employees
The number of employees fell 100% from 204,000 in 2024 to 201 in 2025.
How is this calculated?
The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.
Profit 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 | 01/06/2024 – 31/05/2025 | 01/12/2025 | The company | PDF not statedXBRL |
| 2024 | 01/06/2023 – 31/05/2024 | 06/12/2024 | The company | PDF not statedXBRL |
| 2023 | 01/06/2022 – 31/05/2023 | 30/11/2023 | The company | PDFXBRL |
| 2022 | 01/06/2021 – 31/05/2022 | 02/12/2022 | The company | PDFXBRL |
| 2021 | 01/06/2020 – 31/05/2021 | 23/11/2021 | The company | PDFXBRL |
| 2020 | 01/08/2019 – 31/05/2020 | 09/10/2020 | 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
306 companies in the databaseComparison with the other companies in wholesale of furniture for homes, offices and shops, carpets and lighting equipment based on the latest financial year.
Gross profitDKK 285.7mNo. 4 of 305
Better than 99% of the companies in the industry
EquityDKK 413.4mNo. 2 of 306
Better than 100% of the companies in the industry
Number of employees239No. 7 of 306
Better than 98% of the companies in the industry
Industry median: gross profit DKK 3.8m, net profit DKK 377k, equity DKK 3.6m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 200–499 employees796 companies in the comparison | No. 162of 763 Better than 79% | No. 145of 796 Better than 82% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 213of 24,791 Better than 99% | No. 447of 24,909 Better than 98% |
| All companies of type ApS66,508 companies in the comparison | No. 76of 66,379 Better than 100% | No. 274of 66,505 Better than 100% |
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
Wholesale of furniture for homes, offices and shops, carpets and lighting equipmentGross profit
- Hay ApSDKK 285.7m
- Actona Group A/SDKK 535.5m
- Holmris B8 A/SDKK 408.7m
Net profit
- Hay ApSDKK 112.9m
- Actona Group A/S−DKK 86.1m
- Holmris B8 A/SDKK 21.7m
Equity
- Hay ApSDKK 413.4m
- Actona Group A/SDKK 565.4m
- Holmris B8 A/SDKK 250.3m
Employees
- Hay ApS239
- Actona Group A/S183
- Holmris B8 A/S231
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Holdingselskabet af 1/7 2007 ApS25%
- Herman Miller Holdings Limited66.67%
Hay ApS
Management
8 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jesper Brøndum Petersen | CEO | 30/06/2023 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Rolf Foged Hvidegaard Hay | Board member | 20/09/2002 |
| Mette Hjort Hay | Board member | 15/05/2020 |
| Bruce Benedict Watson | Board member | 15/05/2020 |
| Debbie Frew Propst | Board member | 15/05/2020 |
| Jeffrey Martin Stutz | Chair of the board | 29/06/2026 |
| Aaron Roger Maat | Board member | 29/06/2026 |
| Robert Thomas Woodbridge | Board member | 29/06/2026 |
- Auditor
- KPMG P/S
- Founders
- Rolf Foged Hvidegaard Hay, Nine United A/S
Former management (16)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Merete Bech Povlsen | Board member | 20/09/2002 | 02/01/2006 |
| Rolf Foged Hvidegaard Hay | Director | 20/09/2002 | 20/11/2015 |
| Mette Hjort Hay | Board member | 02/01/2006 | 07/06/2018 |
| Troels Holch Povlsen | Chair of the board | 29/10/2010 | 02/12/2019 |
| Sebastian Hennecke | Board member | 13/03/2013 | 28/02/2014 |
| Kristian Martin Ramm-Larsen | Director | 20/11/2015 | 27/09/2016 |
| Rolf Foged Hvidegaard Hay | CEO | 27/09/2016 | 21/06/2017 |
| Henrik Ellebæk Steensgaard | CEO | 21/06/2017 | 30/11/2020 |
| John Joseph Mc Phee | Board member | 07/06/2018 | 20/04/2020 |
| Andrea Ruth Owen | Chair of the board | 02/12/2019 | 29/06/2026 |
| Jeremy John Hocking | Board member | 15/05/2020 | 01/10/2021 |
| Jeremy John Hocking | CEO | 30/11/2020 | 01/02/2021 |
| Thomas Henry Jones | CEO | 01/02/2021 | 30/06/2023 |
| Megan Christine Lyon | Board member | 01/10/2021 | 03/06/2026 |
| Christopher Michael Baldwin | Board member | 15/09/2023 | 08/09/2025 |
| Jeffrey Martin Stutz | Board member | 08/09/2025 | 28/06/2026 |
Signing rule: Selskabet tegnes af direktøren i forening med bestyrelsesformanden, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.
Address and production units
6 active production unitsHavnen 3
8700 Horsens
| Production unit | Address | Employees | P number |
|---|---|---|---|
| HAY ApS | Havnen 3, 8700 Horsens | 119 | 1009336806 |
| HAY Copenhagen Office | Nyhavn 20, 1051 København K | 79 | 1031391233 |
| HAY - Frederiksgade 23 | Frederiksgade 23, 1265 København K | 63 | 1022424986 |
| HAY HOUSE | Østergade 61, 1100 København K | 26 | 1014572356 |
| Hay lager - Meteorvej 18 | Meteorvej 18, 8700 Horsens | 5 | 1019958538 |
| HAY - Frederiksgade | Frederiksgade 19-21, 1265 København K | 0 | 1021507136 |
Purpose
Selskabets formål er at drive virksomhed i ind- og udland inden for design og produktion af møbler, interiør og lys samt handel hermed og anden dermed i forbindelse stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
68 registered events22015
22016
22017
82018
52019
82020
52021
12022
52023
12024
52025
62026
20266 changesmanagement 6
- ManagementJeffrey Martin Stutz appointed chair of the board
- ManagementRobert Thomas Woodbridge appointed board member
- ManagementAaron Roger Maat appointed board member
- ManagementAndrea Ruth Owen stepped down as chair of the board
- ManagementJeffrey Martin Stutz stepped down as board member
- ManagementMegan Christine Lyon stepped down as board member
20255 changesaccounts 1 · management 2 · merger 1 · industry 1
- AccountsAnnual report for 2025 published
- ManagementJeffrey Martin Stutz appointed board member
- ManagementChristopher Michael Baldwin stepped down as board member
- MergerMerger registered in CVR
- IndustryIndustry changed to Wholesale of furniture for homes, offices and shops, carpets and lighting equipment (464700)
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20235 changesaccounts 1 · address 1 · management 3
- AccountsAnnual report for 2023 published
- AddressMoved to Havnen 3, 8700 Horsens
- ManagementChristopher Michael Baldwin appointed board member
- ManagementJesper Brøndum Petersen appointed ceo
- ManagementThomas Henry Jones stepped down as ceo
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20215 changesaccounts 1 · management 4
- AccountsAnnual report for 2021 published
- ManagementMegan Christine Lyon appointed board member
- ManagementJeremy John Hocking stepped down as board member
- ManagementThomas Henry Jones appointed ceo
- ManagementJeremy John Hocking stepped down as ceo
20208 changesmanagement 7 · accounts 1
- ManagementJeremy John Hocking appointed ceo
- ManagementHenrik Ellebæk Steensgaard stepped down as ceo
- AccountsAnnual report for 2020 published
- ManagementDebbie Frew Propst appointed board member
- ManagementBruce Benedict Watson appointed board member
- ManagementJeremy John Hocking appointed board member
- ManagementMette Hjort Hay appointed board member
- ManagementJohn Joseph Mc Phee stepped down as board member
20195 changesmanagement 2 · ownership 1 · name 2
- ManagementAndrea Ruth Owen appointed chair of the board
- ManagementTroels Holch Povlsen stepped down as chair of the board
- OwnershipNINE UNITED A/S is no longer registered as owner
- NameName changed from HAY A/S to HAY ApS
- NameName changed from NINE UNITED DENMARK A/S to HAY A/S
20188 changesaddress 1 · management 2 · ownership 5
- AddressMoved to Havnen 1, 8700 Horsens
- ManagementJohn Joseph Mc Phee appointed board member
- ManagementMette Hjort Hay stepped down as board member
- OwnershipNINE UNITED A/S registered as owner (33.33%)
- OwnershipHOLDINGSELSKABET AF 1/7 2007 ApS registered as owner (25%)
- OwnershipHerman Miller Holdings Limited registered as owner (66.67%)
- OwnershipNINE UNITED A/S is no longer registered as owner
- OwnershipHOLDINGSELSKABET AF 1/7 2007 ApS is no longer registered as owner
20172 changesmanagement 2
- ManagementHenrik Ellebæk Steensgaard appointed ceo
- ManagementRolf Foged Hvidegaard Hay stepped down as ceo
20162 changesmanagement 2
- ManagementRolf Foged Hvidegaard Hay appointed ceo
- ManagementKristian Martin Ramm-Larsen stepped down as director
20152 changesmanagement 2
- ManagementKristian Martin Ramm-Larsen appointed director
- ManagementRolf Foged Hvidegaard Hay stepped down as director
20141 changemanagement 1
- ManagementSebastian Hennecke stepped down as board member
20132 changesname 1 · management 1
- NameName changed from BS STUDIO A/S to NINE UNITED DENMARK A/S
- ManagementSebastian Hennecke appointed board member
20112 changesownership 1 · industry 1
- OwnershipNINE UNITED A/S registered as owner (66.67%)
- IndustryIndustry changed to Wholesale of furniture for homes, offices and shops, carpets and lighting equipment (464700)
20102 changesmanagement 1 · industry 1
- ManagementTroels Holch Povlsen appointed chair of the board
- IndustryIndustry changed to Møbelforretninger (475910)
20081 changeindustry 1
- IndustryIndustry changed to Fremstilling af andre møbler (310900)
20071 changeownership 1
- OwnershipHOLDINGSELSKABET AF 1/7 2007 ApS registered as owner (25%)
20062 changesmanagement 2
- ManagementMette Hjort Hay appointed board member
- ManagementMerete Bech Povlsen stepped down as board member
20051 changeindustry 1
- IndustryIndustry changed to Fremstilling af stole og andre siddemøbler (361110)
20031 changeindustry 1
- IndustryIndustry changed to Formgivning og industrielt design (748720)
20025 changesindustry 1 · founded 1 · management 3
- IndustryIndustry changed to Fremstilling af kontor-, butiks- og lagermøbler undtagen stole (361200)
- FoundedRegistered as BS STUDIO A/S
- ManagementRolf Foged Hvidegaard Hay appointed director
- ManagementMerete Bech Povlsen appointed board member
- ManagementRolf Foged Hvidegaard Hay appointed board member
Related companies
Same industry in Horsens
- Horsens Tæppetorv - Jørgen Holmegaard ApS28 employees
- Spørring A/S24 employees
- Reol Hansen ApS18 employees
- Shopconcept A/S17 employees
- Woud A/S10 employees
- Træ Design A/S10 employees
Same people in management
- Bestseller A/Svia Merete Bech Povlsen
- BESTSELLER Stores Denmark A/Svia Merete Bech Povlsen
- BESTSELLER Logistics A/Svia Merete Bech Povlsen
- Vila A/Svia Merete Bech Povlsen
- &tradition A/Svia Mette Hjort Hay
- Masai Clothing Company ApSvia Henrik Ellebæk Steensgaard
Largest in the industry
- Actona Group A/SDKK 535.5m
- Holmris B8 A/SDKK 408.7m
- Hjort Knudsen A/SDKK 323.2m
- &tradition A/SDKK 166.6m
- 2-connect ApSDKK 156m
- Signify Denmark A/SDKK 111.2m
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.