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Refborg A/S

Public limited companyCVR 36537817BillundActive

Refborg A/S is a public limited company, based in Billund, active in hotels and similar accommodation, founded in 2015. Equity was negative at the end of 2025 (−DKK 4.2m). The company went from a profit in 2024 to a loss of DKK 102k in 2025.

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Key figures · financial year 2025

Gross profitDKK 6.1m−8.6% vs. 2024
Net profit−DKK 102k−135.8% vs. 2024
Equity−DKK 4.2m−2.5% vs. 2024
Employees15latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 9% (2024 → 2025), to DKK 6.1m.
  • Net profit went from a profit of DKK 285k to a loss of DKK 102k (2024 → 2025).

Employees

  • 11 fewer employees than a year earlier: 15 (07/2026) against 26 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Hotels and similar accommodation (551000)

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 6m−DKK 5m−DKK 4m−DKK 3m−DKK 2m−DKK 1mDKK 0DKK 1m202020212022202320242025
EquityNet profit
Financial figures for Refborg A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit3,1435,7247,0738,8416,6226,050−8.6%
Operating profit (EBIT)−3,618−940−806818−233−47+80%
Profit before tax−3,764−972−897678−355−163+54.1%
Net profit−3,801−972−897678285−102−135.8%
Total assets4,3724,1113,4533,1883,1371,571−49.9%
Equity−3,225−4,197−5,094−4,416−4,130−4,232−2.5%
Liabilities7,5978,3088,5467,6047,2675,803−20.1%
Cash and cash equivalents163460104219612−87.9%
Average number of employees201923241816−11.1%

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 8m202020212022202320242025
Gross profitMedian, the industry (542 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 4.2m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

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 Refborg A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202419/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202326/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202207/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202009/07/2021The 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
0510152025303508/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

542 companies in the database

Comparison with the other companies in hotels and similar accommodation based on the latest financial year.

Gross profitDKK 6.1mNo. 265 of 542
Better than 51% of the companies in the industry
Equity−DKK 4.2mNo. 506 of 542
Better than 7% of the companies in the industry
Number of employees15No. 197 of 542
Better than 64% of the companies in the industry

Industry median: gross profit DKK 5.9m, net profit DKK 189k, equity DKK 1.9m, 10 employees.

DKK 100kDKK 1,000kDKK 10mDKK 100mDKK 464mHere
Distribution of gross profit for 507 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 fewer than 20 employees69,967 companies in the comparison
No. 10,572of 69,742
Better than 85%
No. 69,039of 69,964
Better than 1%
Same industry and fewer than 20 employees239 companies in the comparison
No. 38of 239
Better than 84%
No. 231of 239
Better than 3%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 7,277of 33,588
Better than 78%
No. 32,987of 33,687
Better than 2%
All companies of type A/S18,025 companies in the comparison
No. 11,176of 17,786
Better than 37%
No. 17,655of 18,024
Better than 2%

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

Hotels and similar accommodation
Gross profit
  1. Refborg A/SDKK 6.1m
  2. Arp-hansen Hotel Group A/SDKK 999.5m
  3. Scandic Hotel A/SDKK 904.8m
Net profit
  1. Refborg A/S−DKK 102k
  2. Arp-hansen Hotel Group A/SDKK 265.6m
  3. Scandic Hotel A/SDKK 127.5m
Equity
  1. Refborg A/S−DKK 4.2m
  2. Arp-hansen Hotel Group A/SDKK 4.6bn
  3. Scandic Hotel A/SDKK 528.7m
Employees
  1. Refborg A/S15
  2. Arp-hansen Hotel Group A/S1,005
  3. Scandic Hotel A/S2,569

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
  • Aunt Holding ApS100%
Refborg A/S

Management

5 active registrations

Executive management

Executive management at Refborg A/S
NameRoleAppointed
Torben Klovborg ChristiansenDirector27/02/2015

Board of directors

Board of directors at Refborg A/S
NameRoleAppointed
Torben Klovborg ChristiansenBoard member27/02/2015
Kurt Klovborg ChristiansenChair of the board03/05/2018
Marianna Skousen ChristiansenBoard member20/12/2021
Hanne ChristiansenBoard member20/12/2021
Founders
REFSHØJ Holding ApS, Aunt Holding ApS
Former management (6)
Former management at Refborg A/S
NameRoleAppointedResigned
Torben Klovborg ChristiansenBoard member09/02/201526/02/2015
Kurt Klovborg ChristiansenBoard member09/02/201502/05/2018
Tommy RefshøjBoard member09/02/201502/05/2017
Tommy RefshøjDirector09/02/201502/05/2017
Knud-Ove JeppesenChair of the board09/02/201503/05/2018
Mads DanielsenBoard member27/02/201520/12/2021

Signing rule: Selskabet tegnes af direktionen eller af den samlede bestyrelse.

Address and production units

1 active production units

Buen 6
7190 Billund

Billund Municipality · Postcode 7190

Production units
Production unitAddressEmployeesP number
REFBORG A/SBuen 6, 7190 Billund151020142428

Purpose

Selskabets formål er hotel- og restaurationsvirksomhed, service- og kursusvirksomhed, handel og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

30 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Hotels and similar accommodation (551000)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20214 changesmanagement 3 · accounts 1
  • Hanne Christiansen appointed board member
  • Marianna Skousen Christiansen appointed board member
  • Mads Danielsen stepped down as board member
  • Annual report for 2020 published
20183 changesmanagement 3
  • Kurt Klovborg Christiansen appointed chair of the board
  • Knud-Ove Jeppesen stepped down as chair of the board
  • Kurt Klovborg Christiansen stepped down as board member
20175 changesmanagement 2 · ownership 3
  • Tommy Refshøj stepped down as board member
  • Tommy Refshøj stepped down as director
  • AUNT HOLDING ApS registered as owner (100%)
  • REFSHØJ Holding ApS is no longer registered as owner
  • AUNT HOLDING ApS is no longer registered as owner
201512 changesmanagement 9 · founded 1 · ownership 2
  • Mads Danielsen appointed board member
  • Torben Klovborg Christiansen appointed board member
  • Torben Klovborg Christiansen appointed director
  • Torben Klovborg Christiansen stepped down as board member
  • Registered as REFBORG A/S
  • Tommy Refshøj appointed board member
  • Kurt Klovborg Christiansen appointed board member
  • Tommy Refshøj appointed director
  • Knud-Ove Jeppesen appointed chair of the board
  • Torben Klovborg Christiansen appointed board member
  • REFSHØJ Holding ApS registered as owner (33.33%)
  • AUNT HOLDING ApS registered as owner (50%)

Related companies

Same industry in Billund

See all →

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.

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