Owners, management and financials
CVR: 15504749
Secondary names: Bindeballegård ApS, Lundhøjgård ApS
Previous names: ApS KBUS 38 NR. 1891
DKK 1,503,000
Gross profit
Net result: DKK -1,414,000
KIRKBI Property A/S (100%)
CVR · view owners
Kurt Hedegaard Carstensen
Board: Kjeld Kirk Kristiansen (chair) and 2 members
CVR · view management
Active
Founded 1 September 1991
CVR · view overview
69 employees
CVR · 2018
Director registered: Kurt Hedegaard Carstensen
CVR · 01/10/2024
View the full event history
BLUE HORS ApS is a Danish company of the type Anpartsselskab based in Billund, founded in 1991. The company is registered under the industry Avl af heste og dyr af hestefamilien. The company was previously named ApS KBUS 38 NR. 1891. The management consists of Kurt Hedegaard Carstensen. The board consists of Kjeld Kirk Kristiansen (chair), Claus Borg and Kurt Hedegaard Carstensen. The company is owned by KIRKBI Property A/S. The company has 69 employees (2018). In 2025, the company reported a gross profit of DKK 1,503,000 and a net result of DKK -1,414,000 compared with DKK -15,272,000 the year before. Equity in the 2025 report amounted to DKK 187,719,000.
Source: annual report 2025, Danish Business Authority
The financial health of BLUE HORS ApS shows significant challenges, with consistent losses over the past five years, culminating in a profit of -1,414,000 DKK in 2025. Gross profit has fluctuated dramatically, peaking at 30,583,000 DKK in 2023 but declining sharply thereafter. Despite these losses, the company maintains a strong equity position of 187,719,000 DKK, indicating resilience and potential for recovery. However, the persistent negative margins raise concerns about its long-term profitability and operational efficiency within the equine breeding industry.
AI-generated summary · Generated 13/08/2026
Selskabets formål er at eje og drive landbrugsejendommen Korshøjgaard og enhver form for aktivitet indenfor opdræt af heste samt anden i forbindelse dermed stående virksomhed.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 1.5 mio. | -1.4 mio. | 188.5 mio. | 187.7 mio. | 0 | |
| 202401/01/2024 – 31/12/2024 | 5.3 mio. | -15.3 mio. | 194 mio. | 189.1 mio. | 18 | |
| 202301/01/2023 – 31/12/2023 | 30.6 mio. | -14.4 mio. | 370.7 mio. | 204.4 mio. | 65 | |
| 202201/01/2022 – 31/12/2022 | -4.7 mio. | -32.5 mio. | 354.8 mio. | 218.8 mio. | 64 | |
| 202101/01/2021 – 31/12/2021 | -10.4 mio. | -35.2 mio. | 336.2 mio. | 251.3 mio. | 61 | |
| 202001/01/2020 – 31/12/2020 | -19.6 mio. | -43.4 mio. | 349.2 mio. | 286.5 mio. | 69 | |
| 201901/01/2019 – 31/12/2019 | -12.8 mio. | -36.8 mio. | 358.2 mio. | 329.9 mio. | 62 | |
| 201801/01/2018 – 31/12/2018 | -8.5 mio. | -50.7 mio. | 374.2 mio. | 366.8 mio. | 65 | |
| 201701/01/2017 – 31/12/2017 | -8.1 mio. | -37.5 mio. | 292.1 mio. | 217.5 mio. | 62 | |
| 201601/01/2016 – 31/12/2016 | -12.1 mio. | -29.5 mio. | 286.3 mio. | 255 mio. | 56 | |
| 201501/01/2015 – 31/12/2015 | -7.7 mio. | -26.2 mio. | 274 mio. | 270.9 mio. | - | |
| 201401/01/2014 – 31/12/2014 | -5.8 mio. | -88.6 mio. | 347.6 mio. | 297.1 mio. | - | |
| 201301/01/2013 – 31/12/2013 | -12.1 mio. | -36 mio. | 380.2 mio. | 199.6 mio. | - | |
| 201201/01/2012 – 31/12/2012 | 10.3 mio. | 400 t. | 302.6 mio. | 235.6 mio. | - |
Compared to 235 companies in Avl af heste og dyr af hestefamilien
Comparison is based on industry median values
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Try company screeningThe CVR number of BLUE HORS ApS is 15504749.
BLUE HORS ApS is owned by KIRKBI Property A/S.
The management of BLUE HORS ApS consists of Kurt Hedegaard Carstensen.
The board of BLUE HORS ApS consists of Kjeld Kirk Kristiansen, Claus Borg and Kurt Hedegaard Carstensen, with Kjeld Kirk Kristiansen as chair.
In 2025, BLUE HORS ApS reported a gross profit of DKK 1,503,000.
BLUE HORS ApS had 69 employees in 2018 according to the Danish CVR register.
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Contact info changed: new email: [email protected] (May 27, 2026).
BLUE HORS ApS has published its annual report for 2025. Gross profit came to DKK 1,503,000, and the net result was DKK -1,414,000.
BLUE HORS ApS has published its annual report for 2024. Gross profit came to DKK 5,270,000, and the net result was DKK -15,272,000.
As of May 9, 2025, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of BLUE HORS ApS.
As of May 9, 2025, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of BLUE HORS ApS.
As of May 9, 2025, Agnete Kirk Kristiansen has left the board of directors of BLUE HORS ApS.
As of October 1, 2024, Kurt Hedegaard Carstensen is registered as director of BLUE HORS ApS.
As of October 1, 2024, Ole Magnus Petersen has stepped down as director of BLUE HORS ApS.
BLUE HORS ApS has published its annual report for 2023. Gross profit came to DKK 30,583,000, and the net result was DKK -14,353,000.
BLUE HORS ApS has published its annual report for 2022. Gross profit came to DKK -4,746,000, and the net result was DKK -32,515,000.
BLUE HORS ApS has published its annual report for 2021. Gross profit came to DKK -10,408,000, and the net result was DKK -35,232,000.
As of September 27, 2021, Agnete Kirk Kristiansen has joined the board of directors of BLUE HORS ApS.
As of September 27, 2021, Claus Thinggaard has left the board of directors of BLUE HORS ApS.
BLUE HORS ApS has published its annual report for 2020. Gross profit came to DKK -19,615,000, and the net result was DKK -43,431,000.
BLUE HORS ApS has published its annual report for 2019. Gross profit came to DKK -12,817,000, and the net result was DKK -36,843,000.
BLUE HORS ApS has published its annual report for 2018. Gross profit came to DKK -8,466,000, and the net result was DKK -50,737,000.
BLUE HORS ApS has published its annual report for 2017. Gross profit came to DKK -8,102,000, and the net result was DKK -37,453,000.
As of June 1, 2017, Ole Magnus Petersen is registered as director of BLUE HORS ApS.
As of June 1, 2017, Kurt Hedegaard Carstensen has stepped down as director of BLUE HORS ApS.
BLUE HORS ApS has published its annual report for 2016. Gross profit came to DKK -12,083,052, and the net result was DKK -29,486,950.
As of February 1, 2017, Kurt Hedegaard Carstensen is registered as director of BLUE HORS ApS.
As of February 1, 2017, Anders Mikael Kold has stepped down as director of BLUE HORS ApS.
BLUE HORS ApS has published its annual report for 2015. Gross profit came to DKK -7,739,339, and the net result was DKK -26,200,468.
As of February 4, 2016, Anders Mikael Kold is registered as director of BLUE HORS ApS.
As of February 4, 2016, Esben Beck Møller has stepped down as director of BLUE HORS ApS.
As of January 14, 2016, Esben Beck Møller has left the board of directors of BLUE HORS ApS.
As of December 14, 2015, Kurt Hedegaard Carstensen has joined the board of directors of BLUE HORS ApS.
As of December 14, 2015, Lisbeth Snitgaard Petersen has left the board of directors of BLUE HORS ApS.
As of July 1, 2015, KIRKBI Property A/S is registered as an owner of BLUE HORS ApS with an ownership share of 100%.
BLUE HORS ApS has published its annual report for 2014. Gross profit came to DKK -5,764,068, and the net result was DKK -88,624,343.
BLUE HORS ApS has published its annual report for 2013. Gross profit came to DKK -12,108,375, and the net result was DKK -35,957,296.
As of February 28, 2014, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of BLUE HORS ApS.
As of February 28, 2014, JUT NR. 2180 A/S has stepped down as auditor of BLUE HORS ApS.
BLUE HORS ApS has published its annual report for 2012. Gross profit came to DKK 10,283,093, and the net result was DKK 399,534.
As of April 11, 2013, Lisbeth Snitgaard Petersen has joined the board of directors of BLUE HORS ApS.
As of April 11, 2013, Inger Burkal Haugaard Barfoed has left the board of directors of BLUE HORS ApS.
As of May 12, 2009, Claus Thinggaard has joined the board of directors of BLUE HORS ApS.
As of March 24, 2002, Steen Pedersen Horn has left the board of directors of BLUE HORS ApS.
As of October 1, 2001, Claus Borg has joined the board of directors of BLUE HORS ApS.
As of October 1, 2001, Inger Burkal Haugaard Barfoed has joined the board of directors of BLUE HORS ApS.
As of October 1, 2001, Ulrik Lorenzen has left the board of directors of BLUE HORS ApS.
As of August 2, 1997, Steen Pedersen Horn has joined the board of directors of BLUE HORS ApS.
As of August 2, 1997, Esben Beck Møller has joined the board of directors of BLUE HORS ApS.
As of August 2, 1997, Poul Erik Fugmann has left the board of directors of BLUE HORS ApS.
As of August 2, 1997, Esben Beck Møller is registered as director of BLUE HORS ApS.
As of August 2, 1997, Poul Erik Fugmann has stepped down as director of BLUE HORS ApS.
On February 22, 1992, the company changed its name from ApS KBUS 38 NR. 1891 to BLUE HORS ApS.
As of February 21, 1992, Erik Tronborg Andersen has stepped down as auditor of BLUE HORS ApS.
As of February 21, 1992, Per Emil Hasselbalch Stakemann has stepped down as director of BLUE HORS ApS.
As of September 1, 1991, Erik Tronborg Andersen has been appointed auditor of BLUE HORS ApS.
As of September 1, 1991, JUT NR. 2180 A/S has been appointed auditor of BLUE HORS ApS.
As of September 1, 1991, Poul Erik Fugmann has joined the board of directors of BLUE HORS ApS.
As of September 1, 1991, Ulrik Lorenzen has joined the board of directors of BLUE HORS ApS.
As of September 1, 1991, Kjeld Kirk Kristiansen has joined the board of directors of BLUE HORS ApS.
As of September 1, 1991, Poul Erik Fugmann is registered as director of BLUE HORS ApS.
As of September 1, 1991, Per Emil Hasselbalch Stakemann is registered as director of BLUE HORS ApS.
BLUE HORS ApS was founded on September 1, 1991.
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