AR Trade ApS (CVR 16214280) company profile

Ownership

JV24 ApS
CVR 4499438033.3% to under 50% of capital and votessince 15 Aug 2024
FNA Dyhr ApS
CVR 4500590950% to under 66.7% of capital and votessince 15 Aug 2024

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (3)

RDR HOLDING ApS
CVR 2898326350% to under 66.7% of capital and votes31 Aug 2005 to 30 Jun 2016
ADR HOLDING ApS
CVR 2898325533.3% to under 50% of capital and votesnotified 15 Aug 202431 Aug 2005 to 15 Aug 2024
Dyhr Holding Odense ApS
CVR 3785949450% to under 66.7% of capital and votesnotified 15 Aug 20241 Jul 2016 to 15 Aug 2024

Control chain

Ultimate controller
Rene Dyhr Röttger
Holds 100% of capital and votes in Dyhr Holding Odense ApS, since 1 Jul 2016
Capital100%
Votes100%
Holding company
Dyhr Holding Odense ApS
CVR 37859494Private limited company (ApS)
Holds 25% to under 33.3% of capital and 100% of votes in FNA Dyhr ApS, since 11 Aug 2024
Capital25% to under 33.3%
Votes100%
Holding company
FNA Dyhr ApS
CVR 45005909Private limited company (ApS)
Holds 50% to under 66.7% of capital and votes in AR Trade ApS, since 15 Aug 2024
Capital50% to under 66.7%
Votes50% to under 66.7%
This company
AR Trade ApS
CVR 16214280

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 12 Nov 2026.

Dandex estimates

Legal ownership resolution (ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 2 companies; legal owners in the CVR owner register only. Dandex estimate, rule v3, computed 12 Nov 2026.
Control tenure (ejerskabsperiode): Pro: Control tenure (ejerskabsperiode) is in the Pro plan, see pricingHow long the current ultimate controller has held control, from the CVR owner register.
Group position (koncernforhold): Has a parent, and no majority holding in a Danish companyControlled by a company in CVR; it holds 50% or more of no Danish company. Dandex estimate, rule v2, computed 12 Nov 2026.
Signing authority, structured (tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 12 Nov 2026.
EU SME size class (SMV-kategori): Micro enterprise1 average employees, balance sheet EUR 732.8K in the 2025 report, and the same class the year before; its group's figures are not counted and could raise the class. Dandex estimate, rule v2, computed 12 Nov 2026.
Demand cyclicality (konjunkturfølsomhed): Pro: Demand cyclicality (konjunkturfølsomhed) is in the Pro plan, see pricingHow demand for its products moves with the economy, from its industry.

Decided by Dandex with fixed rules from CVR and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (3)

Rene Dyhr RöttgerExecutive board since 30 Aug 2007, Board of directors since 16 Jun 1992
Allan Dyhr RöttgerBoard of directors since 16 Jun 1992
Karin RöttgerBoard of directors since 27 Feb 2015

Founders (1)

Henrik CalumFounded 16 Jun 1992

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (3)

Henrik CalumExecutive board 16 Jun 1992 to 21 May 1993
Kirsten Dyhr RøttgerExecutive board 26 Aug 1997 to 30 Aug 2007, Board of directors 16 Jun 1992 to 27 Feb 2015
Hans Dieter RøttgerExecutive board 16 Jun 1992 to 26 Aug 1997, Board of directors 16 Jun 1992 to 26 Aug 1997

Network

Roles over time

Rene Dyhr Röttger: Board of directors, 16 Jun 1992 to today; Executive board, 30 Aug 2007 to today.
Allan Dyhr Röttger: Board of directors, 16 Jun 1992 to today.
Karin Röttger: Board of directors, 27 Feb 2015 to today.

16 Jun 1992 to 12 Nov 2026.

Former (3)

Kirsten Dyhr Røttger: Board of directors, 16 Jun 1992 to 27 Feb 2015; Executive board, 26 Aug 1997 to 30 Aug 2007.
Hans Dieter Røttger: Executive board, 16 Jun 1992 to 26 Aug 1997; Board of directors, 16 Jun 1992 to 26 Aug 1997.
Henrik Calum: Executive board, 16 Jun 1992 to 21 May 1993.

16 Jun 1992 to 12 Nov 2026.

Executive board (direktion)Board of directors (bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	733	769	808	722	798
Operating profit	+377	+413	+451	+365	+441
Result for the year	+263	+297	+322	+270	+343
Equity	3,126	3,423	3,746	4,016	4,359
Total assets	6,198	5,793	5,323	5,176	5,467
Employees (average)	0	0	1	1	1
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	4.6%	4.9%	5.1%	-10.4%	10.4%
EBITDA	733	769	808	722	798
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.	Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.
Employee growth (vækst i antal ansatte)	n.m.^{note 1}	n.m.^{note 1}	0%	0%	0%
Net interest-bearing debt (NIBD, nettorentebærende gæld)Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.	Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.
Gearing, NIBD / EBITDAPro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.	Pro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.
Interest coverage (rentedækning)Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.	Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.
Adjusted equity ratio (justeret soliditetsgrad)Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.	Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.
ROIC (afkast af investeret kapital)Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.	Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.
Capex (investeringer i anlægsaktiver)	0^{note 2}	35^{note 3}	32^{note 3}	Not reported^{note 4}	Not reported^{note 4}
Capex % of sales (investeringer i procent af omsætningen)Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.	Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.
FCFF / EBITDA (pengestrømskonvertering)Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.	Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Rows marked Pro hold a value in the Pro plan. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may.

1 n.m.: the year before is not positive
2 Dandex estimate: capex from the balance sheet change plus D&A
3 additions per the fixed asset notes
4 disposals exceed investment

Credit rating (kreditvurdering): Pro: Credit rating (kreditvurdering) is in the Pro plan, see pricingA score from 0 to 100 with a grade from A to F, from the latest annual reports.
Capital loss (kapitaltab): Pro: Capital loss (kapitaltab) is in the Pro plan, see pricingNegative equity, or equity below half the share capital, in the latest report.
Filing deadline and punctuality (indsendelsesfrist): Pro: Filing deadline and punctuality (indsendelsesfrist) is in the Pro plan, see pricingThe next annual report deadline.

Annual reports

Annual report 2025
1 Oct 2024 to 30 Sep 2025, published 4 Mar 2026
XHTML
Annual report 2024
1 Oct 2023 to 30 Sep 2024, published 17 Mar 2025
PDF
Annual report 2023
1 Oct 2022 to 30 Sep 2023, published 19 Feb 2024
PDF
Annual report 2022
1 Oct 2021 to 30 Sep 2022, published 30 Jan 2023
PDF
Annual report 2021
1 Oct 2020 to 30 Sep 2021, published 30 Jan 2022
PDF

Financials

Changes

No changes since Dandex began following this company. For announcements from before then, see Registrations.

Signals (signaler)

Pro: Signals (signaler) are in the Pro plan, see pricingChanges worth a look, raised from the registry and new annual reports.

New leadership (nyt lederskab), New company (ny virksomhed), Ownership change (ejerskifte), Relocation (flytning), Growth surge (vækstspurt), Headcount decline (nedgang i ansatte), Restructuring (omstrukturering), Industry change (brancheskift), Board change (bestyrelsesændring), Dissolution (ophør), Distress warning (risikoadvarsel), Fund investment (fondsinvestering), Fund exit (fondsexit), Fund board seat (fondsbestyrelsespost).

Changes

Pro for this company

The rows marked Pro on this page hold values in the Pro plan. For AR Trade ApS, that is:

Credit and debt: Net interest-bearing debt, gearing, NIBD / EBITDA, interest coverage and adjusted equity ratio, for 2021 to 2025.Credit rating, capital loss and filing deadline and punctuality.
Returns and cash flow: EBITDA / gross profit, ROIC, capex % of sales and FCFF / EBITDA, for 2021 to 2025.
Advanced estimates: Control tenure and demand cyclicality.
Signals and monitoring: Signals on this company, as Dandex raises them.

See the Pro plan

Have Pro? Sign in to see the values on this page.

Registry facts

Signing rule (tegningsregel): Selskabet tegnes af den samlede bestyrelse eller af 1 direktør.since 17 May 1993
Purpose (formål): Selskabets formål er at drive virksomhed med ejendoms besiddelse samt køb/salg automobil og anden i forbindelse hermed stående virksomhed.since 23 Apr 2015
Audit opted out (revision fravalgt): Nosince 16 Jun 1992
Articles of association last changed (seneste vedtægtsdato): 17 Apr 2015
Owners under 5% registered (ejerregistrering under 5 procent): Nosince 28 Sep 2016
Anti-money-laundering act (hvidvaskloven): Not covered (Ikke omfattet)since 6 Jan 2016

Share capital

Each registered value from the day it took effect, newest first.

26 Jun 1992DKK 200,000Earliest in CVR

From CVR, read 12 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry facts

Registrations (registreringer)

11 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

23 Apr 2015
Other
CVR-nummer
16214280.
NAVN:
RÖTTGER INVEST ApS.
Adresse: Rugårdsvej 431, 5210 Odense NV.
Kommune: Odense.
Show the full announcement
Vedtægter ændret: 17.04.2015
Nyt navn: AR Trade ApS
Formål ændret: Selskabets formål er at drive virksomhed med ejendoms besiddelse samt køb/salg automobil og anden i forbindelse hermed stående virksomhed.
4 Mar 2015
People change Other
Bestyrelse:
Udtrådt af bestyrelsen:
Kirsten Dyhr Røttger, den 27.02.2015.
Indtrådt i bestyrelsen:
Karin Röttger, den 27.02.2015.
19 Nov 2013
Audit change Other
Revision:
Udtrådt af revisionen:
CVR-NR. 29537569 DANSK REVISION HUNDERUP GODKENDT REVISIONSAKTIESELSKAB, den 01.10.2013.
Indtrådt i revisionen:
BAKER TILLY DENMARK GODKENDT REVISIONSPARTNERSELSKAB, Hjallesevej 126, 5230 Odense M, den 01.10.2013.
31 Aug 2010
Other Audit change
Revision:
Udtrådt af revisionen:
ERNST & YOUNG P/S, den 18.08.2010.
Indtrådt i revisionen:
CVR-NR. 29537569 DANSK REVISION HUNDERUP STATSAUTORISERET REVISIONSAKTIESELSKAB, Hjallesevej 126, 5230 Odense M, den 18.08.2010.
29 Jan 2008
Audit change Other
Revision:
Udtrådt af revisionen:
CVR-NR. 25469496 HENRIK IVERSEN & PARTNERE A/S, den 01.07.2007.
Indtrådt i revisionen:
ERNST & YOUNG STATSAUTORISERET REVISIONSAKTIESELSKAB, Rytterkasernen 21, 5000 Odense C, den 01.07.2007.
31 Aug 2007
Other People change
Direktion:
Udtrådt af direktionen:
Kirsten Dyhr Røttger, den 30.08.2007.
Indtrådt i direktionen:
Direktør Rene Dyhr Röttger, den 30.08.2007.
14 Jan 2002
Audit change
Revision:
Udtrådt af revisionen:
HENRIK IVERSEN OG BØRGE NIELSEN ODENSE ApS.
Indtrådt i revisionen:
REVISIONSFIRMAET HENRIK IVERSEN & BØRGE NIELSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB, Thujavej 43, 5250 Odense SV.
27 Oct 1997
Audit change
Revision:
Udtrådt af revisionen:
EGGERT FINANS, ODENSE ApS.
Indtrådt i revisionen:
REVISIONSFIRMAET HENRIK IVERSEN & BØRGE NIELSEN, STATSAUTORISERET REVISIONSAKTIESELSKAB, Thujavej 43, 5250 Odense SV.
21 Oct 1997
People change Other
Bestyrelse:
Udtrådt af bestyrelsen:
Hans Dieter Røttger, den 26.08.1997.
Direktion:
Udtrådt af direktionen:
Hans Dieter Røttger, den 26.08.1997.
Indtrådt i direktionen:
Bogholder Kirsten Dyhr Røttger, den 26.08.1997.
28 Jun 1993
Address change People change Other
Vedtægter ændret:
17.05.1993.
Nyt navn:
ROTTGER INVEST ApS
Ny adresse:
Rugårdsvej 431, 5210 Odense NV
Show the full announcement
Ny kommune:
Odense
Bestyrelse:
Indtrådt i bestyrelsen:
Direktør Hans Dieter Røttger, Bogholder Kirsten Dyhr Røttger, Allan Røttger, Rene Røttger
Direktion:
Udtrådt af direktionen:
Henrik Calum Nielsen
Indtrådt i direktionen:
Direktør Hans Dieter Røttger
Selskabet tegnes af den samlede bestyrelse
eller af 1 direktør.
Revision:
Udtrådt af revisionen:
Revisionsfirmaet Palsgaard & Hansen
Indtrådt i revisionen:
REG.NR. ApS109608 REVISIONSFIRMAET BØRGE NIELSEN ApS, STATSAUTORISERET REVISOR, Hunderupvej 48, 5100 Odense C
Regnskabsår ændret til:
01.10 - 30.09
Første regnskabsår:
16.06.1992 - 30.09.1993

Show 1 more

15 Sep 1992
New company
Stiftelsesdato:
16.06.1992
Seneste vedtægtsdato:
16.06.1992
Kapital:
kr. 200.000,00
Show the full announcement
Indbetalingsmåde:
kontant kr. 200.000,00 til kurs 100,00
Stifter:
Advokat Henrik Calum Nielsen
Direktion:
Advokat Henrik Calum Nielsen
Selskabet tegnes af en direktør.
Revision:
Revisionsfirmaet Palsgaard & Hansen, 9100 Aalborg
Første regnskabsår:
16.06.1992 - 30.11.1993
Regnskabsår:
01.12 - 30.11

Registrations (registreringer)

Registration

Address: Rugårdsvej 431
5210 Odense NV
Odense Municipality
CVR record last changed: 20 Oct 2026
Data read: 12 Nov 2026

Production units

1 registered in CVR.

AR Trade ApS
P-number 1001056922Rugårdsvej 431, 5210 Odense NV

Compiled by Dandex from the Danish Business Registry (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Headcount

Financials

Changes

Registry facts

Registrations (registreringer)

Registration

Dandex in your own tools

Ownership

People

Financials

Who is behind it

Ownership

Control chain

Dandex estimates

People

Current (3)

Founders (1)

Network

Roles over time

Network

Headcount

Financials

Annual reports

Financials

Changes

Signals (signaler)

Changes

Pro for this company

Registry facts

Share capital

Registry facts

Registrations (registreringer)

Registrations (registreringer)

Registration

Production units

Dandex in your own tools

Who is behind it

Control chain

Dandex estimates

Current (3)

Founders (1)

Network

Shared by two or more of its people

Owners and the control chain

Its people and their other companies

Network

Roles over time

Financials

Annual reports

Changes

Signals (signaler)

Pro for this company

Registry facts

Share capital

Registrations (registreringer)

Production units

Network

Shared by two or more of its people

Owners and the control chain

Its people and their other companies