Horsens Værktøjsfabrik A/S
Public limited companyCVR 29141045HorsensActive
Horsens Værktøjsfabrik A/S is a public limited company, based in Horsens, active in manufacture of hand tools, founded in 2005. The company went from a profit in 2024 to a loss of DKK 867k in 2025. Equity fell to DKK 2.1m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 46% (2024 → 2025), to DKK 5m.
- Net profit went from a profit of DKK 1.8m to a loss of DKK 867k (2024 → 2025).
- Equity fell 30% (2024 → 2025), to DKK 2.1m.
Employees
- 2 more employees than a year earlier: 12 (08/2026) against 10 (08/2025).
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 2019–2025 · amounts in DKK thousandEquity and net profit
| 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 5,617 | 6,209 | 7,678 | 9,392 | 9,252 | 4,991 | −46% |
| Operating profit (EBIT) | −674 | −149 | 1,048 | 2,439 | 2,278 | −1,087 | −147.7% |
| Profit before tax | −679 | −193 | 1,013 | 2,433 | 2,336 | −1,108 | −147.4% |
| Net profit | −532 | −152 | 793 | 1,894 | 1,820 | −867 | −147.7% |
| Total assets | 5,283 | 5,139 | 7,098 | 9,118 | 4,214 | 2,998 | −28.9% |
| Equity | 4,079 | 3,433 | 3,726 | 5,120 | 2,940 | 2,072 | −29.5% |
| Liabilities | 1,153 | 1,693 | 3,372 | 3,998 | 1,259 | 926 | −26.5% |
| Cash and cash equivalents | 913 | 620 | 3,375 | 3,126 | 1,347 | 270 | −80% |
| Average number of employees | 14 | 13 | 14 | 14 | 14 | 12 | −14.3% |
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 2019, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures. The register has no financial statements for 2020 (changed financial year or not filed).
Download the figures as CSV · free with an account, amounts in whole DKK
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/07/2024 – 30/06/2025 | 31/10/2025 | The company | PDF not statedXBRL |
| 2024 | 01/07/2023 – 30/06/2024 | 11/10/2024 | The company | PDFXBRL |
| 2023 | 01/07/2022 – 30/06/2023 | 18/10/2023 | The company | PDFXBRL |
| 2022 | 01/07/2021 – 30/06/2022 | 14/11/2022 | The company | PDFXBRL |
| 2021 | 01/07/2020 – 30/06/2021 | 04/11/2021 | The company | PDFXBRL |
| 2019 | 01/07/2018 – 30/06/2019 | 22/11/2019 | 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
68 companies in the databaseComparison with the other companies in manufacture of hand tools based on the latest financial year.
Industry median: gross profit DKK 4.9m, net profit DKK 642k, equity DKK 3.7m, 7 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 13,430of 69,742 Better than 81% | No. 23,870of 69,964 Better than 66% |
| Same industry and fewer than 20 employees53 companies in the comparison | No. 19of 53 Better than 65% | No. 33of 53 Better than 38% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 9,770of 24,791 Better than 61% | No. 14,379of 24,909 Better than 42% |
| All companies of type A/S18,025 companies in the comparison | No. 11,985of 17,786 Better than 33% | No. 14,434of 18,024 Better than 20% |
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
Manufacture of hand tools- Horsens Værktøjsfabrik A/SDKK 5m
- Sønderborg Værktøjsfabrik A/SDKK 143.8m
- Am Værktøj Odense A/SDKK 72.8m
- Horsens Værktøjsfabrik A/S−DKK 867k
- Sønderborg Værktøjsfabrik A/SDKK 71m
- Am Værktøj Odense A/SDKK 8.7m
- Horsens Værktøjsfabrik A/SDKK 2.1m
- Sønderborg Værktøjsfabrik A/SDKK 72.2m
- Am Værktøj Odense A/SDKK 39.6m
- Horsens Værktøjsfabrik A/S12
- Sønderborg Værktøjsfabrik A/S56
- Am Værktøj Odense A/S91
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Migj Holding ApS25%
- Magj Holding ApS25%
- Jan Dige Holding ApS25%
- Jørgen Olesen Holding ApS25%
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jørgen Østergaard Olesen | Director | 13/10/2005 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Carl Erik Graunkær | Chair of the board | 13/10/2005 |
| Mads Graunkær | Board member | 13/10/2005 |
| Jan Dige | Board member | 13/10/2005 |
| Jørgen Østergaard Olesen | Board member | 13/10/2005 |
- Founders
- 3 Nø Holding ApS, Caripo Holding A/S
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Mikkel Graunkær | Board member | 13/10/2005 | 01/06/2008 |
| Lars Erik Thomassen | Board member | 13/10/2005 | 01/06/2008 |
Signing rule: Selskabet tegnes af direktøren i forening med bestyrelsesformanden eller af den samlede bestyrelse.
Address and production units
1 active production unitsGotlandsvej 7
8700 Horsens
| Production unit | Address | Employees | P number |
|---|---|---|---|
| HORSENS VÆRKTØJSFABRIK A/S | Gotlandsvej 7, 8700 Horsens | 12 | 1000234258 |
Purpose
Selskabets formål er drift af værktøjs- og maskinfabrik, og dermed efter bestyrelsens skøn beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
21 registered events20251 changeaccounts 1
- AccountsAnnual report for 2025 published
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20231 changeaccounts 1
- AccountsAnnual report for 2023 published
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20211 changeaccounts 1
- AccountsAnnual report for 2021 published
20191 changeaccounts 1
- AccountsAnnual report for 2019 published
20102 changesownership 2
- OwnershipJAN DIGE HOLDING ApS registered as owner (25%)
- OwnershipJØRGEN OLESEN HOLDING ApS registered as owner (25%)
20092 changesownership 2
- OwnershipMIGJ HOLDING ApS registered as owner (25%)
- OwnershipMAGJ HOLDING ApS registered as owner (25%)
20083 changesmanagement 2 · industry 1
- ManagementMikkel Graunkær stepped down as board member
- ManagementLars Erik Thomassen stepped down as board member
- IndustryIndustry changed to Fremstilling af håndværktøj (257300)
20058 changesfounded 1 · management 7
- FoundedRegistered as HORSENS VÆRKTØJSFABRIK A/S
- ManagementMikkel Graunkær appointed board member
- ManagementLars Erik Thomassen appointed board member
- ManagementCarl Erik Graunkær appointed chair of the board
- ManagementMads Graunkær appointed board member
- ManagementJan Dige appointed board member
- ManagementJørgen Østergaard Olesen appointed board member
- ManagementJørgen Østergaard Olesen appointed director
Related companies
Same people in management
- Fodboldalliancen Ac Horsens A/Svia Carl Erik Graunkær
- Fit&Sund HS ApSvia Carl Erik Graunkær
- Caripo Biler A/Svia Carl Erik Graunkær
- Bygholm Maskinsnedkeri A/Svia Carl Erik Graunkær
- Ejv Tooling A/Svia Lars Erik Thomassen
- Korshøj Kontor Center A/Svia Carl Erik Graunkær
Largest in the industry
- Sønderborg Værktøjsfabrik A/SDKK 143.8m
- Am Værktøj Odense A/SDKK 72.8m
- MGS Lynge A/SDKK 71.2m
- Kyocera Unimerco Tooling A/SDKK 65.8m
- Nek A/SDKK 44.4m
- Dencam Composite A/SDKK 39m
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 24/10/2026.