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Raf Motors A/S

Public limited companyCVR 25328582HorsensActive

Raf Motors A/S is a public limited company, based in Horsens, active in retail sale of motor vehicles, founded in 2000. Net profit rose 52% from 2024 to 2025, ending at DKK 5.1m. Profit has grown three years in a row. Operations are spread over 3 production units.

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Key figures · financial year 2025

Gross profitDKK 17.5m+9.5% vs. 2024
Net profitDKK 5.1m+52% vs. 2024
EquityDKK 16m+28.9% vs. 2024
Employees25latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 9% (2024 → 2025), to DKK 17.5m.
  • Net profit rose 52% (2024 → 2025), to DKK 5.1m.
  • Equity rose 29% (2024 → 2025), to DKK 16m.

Employees

  • 1 more employees than a year earlier: 25 (08/2026) against 24 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Retail sale of motor vehicles (478100)

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 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16m202020212022202320242025
EquityNet profit
Financial figures for Raf Motors A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit11,73614,71214,16614,57115,98317,501+9.5%
Operating profit (EBIT)1,2975,2174,9564,2906,0207,613+26.5%
Profit before tax9805,1924,4073,1624,3016,540+52.1%
Net profit7624,0713,4272,4643,3525,096+52%
Total assets26,47431,61833,89850,21461,19561,083−0.2%
Equity8764,9488,3749,08812,44116,037+28.9%
Liabilities25,59826,67125,52441,12648,75544,993−7.7%
Cash and cash equivalents7220874727045−83.3%
Average number of employees272323242524−4%

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, 2025: 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

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18m202020212022202320242025
Gross profitMedian, the industry (862 companies)

Signals from the financial statements

calculated from the 2025 figures

  • 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
Annual reports for Raf Motors A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202220/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202131/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202002/06/2021The 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
05101520253009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

862 companies in the database

Comparison with the other companies in retail sale of motor vehicles based on the latest financial year.

Gross profitDKK 17.5mNo. 118 of 861
Better than 86% of the companies in the industry
EquityDKK 16mNo. 143 of 862
Better than 84% of the companies in the industry
Number of employees25No. 139 of 862
Better than 84% of the companies in the industry

Industry median: gross profit DKK 3.4m, net profit DKK 425k, equity DKK 3.7m, 4 employees.

DKK 100kDKK 1.1mDKK 11.3mDKK 119.8mDKK 579mHere
Distribution of gross profit for 813 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 20–49 employees9,922 companies in the comparison
No. 3,481of 9,892
Better than 65%
No. 2,115of 9,922
Better than 79%
Same industry and 20–49 employees137 companies in the comparison
No. 49of 137
Better than 65%
No. 41of 137
Better than 71%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 3,836of 24,791
Better than 85%
No. 5,071of 24,909
Better than 80%
All companies of type A/S18,025 companies in the comparison
No. 6,549of 17,786
Better than 63%
No. 6,974of 18,024
Better than 61%

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

Retail sale of motor vehicles
Gross profit
  1. Raf Motors A/SDKK 17.5m
  2. Ejner Hessel A/SDKK 1.3bn
  3. Semler Mobility Retail A/SDKK 961.5m
Net profit
  1. Raf Motors A/SDKK 5.1m
  2. Ejner Hessel A/SDKK 168.7m
  3. Semler Mobility Retail A/SDKK 50.9m
Equity
  1. Raf Motors A/SDKK 16m
  2. Ejner Hessel A/SDKK 1.2bn
  3. Semler Mobility Retail A/SDKK 167.2m
Employees
  1. Raf Motors A/S25
  2. Ejner Hessel A/S1,866
  3. Semler Mobility Retail A/S1,617

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
  • N.K. Holding ApS100%
Raf Motors A/S

Management

4 active registrations

Executive management

Executive management at Raf Motors A/S
NameRoleAppointed
Nikolaj Kilias Kirkegaard BachCEO15/12/2022

Board of directors

Board of directors at Raf Motors A/S
NameRoleAppointed
Nikolaj Kilias Kirkegaard BachBoard member19/08/2015
Per Kirkegaard HansenChair of the board15/12/2022
Annette AagerupBoard member15/12/2022
Founders
Per Kirkegaard Hansen, Vagn Henning Callisen
Former management (11)
Former management at Raf Motors A/S
NameRoleAppointedResigned
Per Kirkegaard HansenBoard member05/04/200014/12/2022
Per Kirkegaard HansenDirector05/04/200015/12/2022
Vagn Henning CallisenBoard member05/04/200019/05/2008
Kim Winding LarsenBoard member08/03/200528/05/2009
Henrik Adam StaunskjærBoard member20/11/200709/07/2015
Susanne Elfrom HansenBoard member28/05/200912/03/2012
Karl SvendsenBoard member12/03/201219/08/2015
Niels RønnebeckBoard member09/05/201430/12/2016
Bjarne StrikertChair of the board09/07/201531/12/2016
Niels RønnebeckChair of the board31/12/201621/04/2022
Esben KarstensenChair of the board21/04/202215/12/2022

Signing rule: Selskabet tegnes af den samlede bestyrelse eller  af en direktør alene.

Address and production units

3 active production units

Vejlevej 160
8700 Horsens

Horsens Municipality · Postcode 8700

Production units
Production unitAddressEmployeesP number
RAF Motor A/SVejlevej 160, 8700 Horsens251013850743
RAF Motors A/SGrønlandsvej 2, 8660 Skanderborg11013850735
RAF Motors A/SFinlandsvej 8, 8700 Horsens11018961446

Purpose

Selskabets formål er at drive virksomhed med handel, finansiering og investering og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

53 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Retail sale of motor vehicles (478100)
20243 changesaccounts 1 · ownership 2
  • Annual report for 2023 published
  • N.K. Holding ApS registered as owner (100%)
  • PKH HOLDING ApS is no longer registered as owner
20232 changesownership 1 · accounts 1
  • N.K. Holding ApS is no longer registered as owner
  • Annual report for 2022 published
20229 changesmanagement 8 · accounts 1
  • Per Kirkegaard Hansen appointed chair of the board
  • Annette Aagerup appointed board member
  • Nikolaj Kilias Kirkegaard Bach appointed ceo
  • Esben Karstensen stepped down as chair of the board
  • Per Kirkegaard Hansen stepped down as director
  • Per Kirkegaard Hansen stepped down as board member
  • Esben Karstensen appointed chair of the board
  • Niels Rønnebeck stepped down as chair of the board
  • Annual report for 2021 published
20215 changesownership 4 · accounts 1
  • PKH HOLDING ApS registered as owner (0%)
  • N.K. Holding ApS registered as owner (90%)
  • N.K. Holding ApS is no longer registered as owner
  • PKH HOLDING ApS is no longer registered as owner
  • Annual report for 2020 published
20194 changesownership 4
  • N.K. Holding ApS registered as owner (33.33%)
  • PKH HOLDING ApS registered as owner (50%)
  • N.K. Holding ApS is no longer registered as owner
  • PKH HOLDING ApS is no longer registered as owner
20166 changesmanagement 3 · ownership 3
  • Niels Rønnebeck appointed chair of the board
  • Bjarne Strikert stepped down as chair of the board
  • Niels Rønnebeck stepped down as board member
  • N.K. Holding ApS registered as owner (20%)
  • PKH HOLDING ApS registered as owner (66.67%)
  • PKH HOLDING ApS is no longer registered as owner
20154 changesmanagement 4
  • Nikolaj Kilias Kirkegaard Bach appointed board member
  • Karl Svendsen stepped down as board member
  • Bjarne Strikert appointed chair of the board
  • Henrik Adam Staunskjær stepped down as board member
20141 changemanagement 1
  • Niels Rønnebeck appointed board member
20122 changesmanagement 2
  • Karl Svendsen appointed board member
  • Susanne Elfrom Hansen stepped down as board member
20092 changesmanagement 2
  • Susanne Elfrom Hansen appointed board member
  • Kim Winding Larsen stepped down as board member
20083 changesaddress 1 · management 1 · industry 1
  • Moved to Vejlevej 160, 8700 Horsens
  • Vagn Henning Callisen stepped down as board member
  • Industry changed to Detailhandel med personbiler, varebiler og minibusser (451120)
20072 changesmanagement 1 · address 1
  • Henrik Adam Staunskjær appointed board member
  • Moved to Ørneborgvej 24-26, 8960 Randers SØ
20052 changesname 1 · management 1
  • Name changed from RANDERS AUTOMOBILFORRETNING A/S to RAF MOTORS A/S
  • Kim Winding Larsen appointed board member
20031 changeownership 1
  • PKH HOLDING ApS registered as owner (100%)
20004 changesfounded 1 · management 3
  • Registered as RANDERS AUTOMOBILFORRETNING A/S
  • Per Kirkegaard Hansen appointed board member
  • Vagn Henning Callisen appointed board member
  • Per Kirkegaard Hansen appointed director

Related companies

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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 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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