IRS Denmark A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Primary activitiesThe IRS Nordic Group’s core activities consist of car repair and painting, including bodywork, undercoating, and wheel painting. The company serves as a subcontractor to car dealerships in Denmark and Sweden.

Beskrivelse af usikkerhed ved indregning eller måling

Uncertainty relating to recognition and measurementThe company has received financing from its parent company in euros and is therefore exposed to exchange rate​fluctuations. The financing consists mainly of variable-rate loans, which makes it sensitive to changes in interest rates. These factors create uncertainty regarding future financial expenses and liquidity.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Development in activities and financesThe company’s income statement for the financial year 2025 shows a loss of kDKK 74.962. The balance sheet as of 31 December 2025 reports negative equity of kDKK 12.200.
​​During 2025, the Group divested two subsidiaries and two workshops as part of a strategic adjustment of the Group’s corporate structure.
​​The result for 2025 was significantly below expectations. At the beginning of the year, the company expected a result in the range of mDKK 0 to -15, whereas the actual result was approximately mDKK 85 below the lower end of that range. The deviation was primarily due to lower claims in volume than anticipated, a pricing and discount structure that was not aligned with market conditions, and extraordinary logistics costs of approximately mDKK 80. ​​The result is also negatively affected by an extraordinary writedown of goodwill and assets in the Swedish business of approximately mDKK 27. This writedown has been made due to the fact that the Swedish market is challenged and Management finds it difficult to create a profitable business in Sweden in the short term.​​In addition, a general decline in the claims repair market, increasing external costs, and continued pressure on market prices negatively affected performance. Overall, these factors resulted in lower activity levels and reduced​profitability during the year.
​​To stabilize and improve earnings, targeted initiatives were implemented throughout the year to support the company’s pricing structure, enhance customer satisfaction, and improve the efficiency of operating processes. Collectively, these initiatives are expected to improve results by approximately mDKK 50 in 2026.
​​At the end of the financial year, the parent company carried out a debt-to-equity conversion of mEUR 8 to ensure a satisfactory equity ratio. The conversion was completed in connection with the approval of the financial statements. Following the debt conversion, equity has been restored, and as of the date of signing, the solvency ratio is approximately 22.1%, which is considered satisfactory.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Events after the balance sheet dateNo events have occurred after the balance sheet date which could significantly affect the company's financial position

Beskrivelse af virksomhedens forventede udvikling

OutlookAs of the date of signing, operations are performing ahead of the 2026 budget, and the results for the first months of the year show a significant improvement compared to the same period in 2025.
​​Management expects the level of activity in 2026 to exceed that of 2025, while maintaining a continued focus on improving the ordinary operating result of the parent company and its subsidiaries. For 2026, the result is expected to improve to a range of mDKK -15 to 0, with anticipated revenue in the range of mDKK 350 to mDKK 380. The improvement is expected to be achieved through:
​​• Increased focus on customer satisfaction and quality assurance
​• Adjustments to the pricing structure and cost management
​• Optimization of operational processes
​• Strengthening a values-driven culture and employee engagement
​​Management is working thoroughly to implement these initiatives to ensure improved operational performance and financial recovery. The objective is to rebuild growth and restore satisfactory profitability and a sustainable capital structure.