MIDTGAARD FARVER A/S

CVR 13000603 · Public limited company (A/S) · Active · Low risk

MIDTGAARD FARVER A/S is a Public limited company (A/S), founded on , based in Herning. The company is registered in the industry engroshandel med træ og byggematerialer samt sanitetsartikler. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 9.4m and a net result of DKK 1.6m. CEO: Peter Bagterp.

Bankruptcy risk for MIDTGAARD FARVER A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
13000603
Status
Active
Company type
Public limited company (A/S)
Founded
(37 years)
Address
Åkirkebyvej 2
7400 Herning
Municipality
Herning
Industry
Engroshandel med træ og byggematerialer samt sanitetsartikler (468300)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 690k
Employees
16 (2018)
Auditor
ANKER HØST REGISTRERET REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 30
Missing annual reportNo
Negative equityNo
Equity ratio43.2%
Current ratio164%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 13.7mDKK 11.7m
Net profitDKK 1.6mDKK 1.2m
EquityDKK 9.4mDKK 8.8m
Total assetsDKK 21.9mDKK 20.0m
CashDKK 3.5m–
Short-term debtDKK 12.4m–
Tax owedDKK 503k–
Avg. employees17–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · ANKER HØSTregistreret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202547
1 Jan 2024 – 31 Dec 2024106
1 Jan 2023 – 31 Dec 2023107
1 Jan 2022 – 31 Dec 202283
1 Jan 2021 – 31 Dec 202190
1 Jan 2020 – 31 Dec 202082
1 Jan 2019 – 31 Dec 201987
1 Jan 2018 – 31 Dec 2018126
1 Jan 2017 – 31 Dec 2017108
1 Jan 2016 – 31 Dec 201681
1 Jan 2015 – 31 Dec 2015102
1 Jan 2014 – 31 Dec 201484
1 Jan 2013 – 31 Dec 201395
1 Jan 2012 – 31 Dec 201284
1 Jan 2011 – 31 Dec 201185
1 Jan 2010 – 31 Dec 201080
1 Jan 2009 – 31 Dec 200977
1 Jan 2008 – 31 Dec 200891
1 Jan 2007 – 31 Dec 200786
1 Jan 2006 – 31 Dec 200665

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOPeter BagterpCurrent
CEOBirger Midtgaard
CEOMichael Astorp
BoardPeter BagterpCurrent
BoardHeine Tange JepsenCurrent
BoardClaus TrolleCurrent
BoardBirger Midtgaard
BoardJens Paulsen
BoardJørgen Wenshøj
BoardHans Iversen
BoardJette Astorp
BoardPoul Erik Larsen
BoardAne Kathrine Midtgaard
BoardJens Erik Vangkilde
BoardFritz Eduard Jüngling
BoardJan Bjærre
BoardMichael Astorp
BoardHeinrich Møller
BoardHans Poulsgaard Nielsen
BoardFrank Normann Jacobsen Busk
BoardFritz Eduard Jüngling
Owner (100%)MF INDUSTRIFARVER ApSCurrent
AuditorANKER HØST REGISTRERET REVISIONSAKTIESELSKABCurrent
AuditorBLICHER REVISION & RÅDGIVNING STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorAH INVEST, HERNING A/S
FounderBirger MidtgaardCurrent
FounderMichael AstorpCurrent
FounderAne Kathrine MidtgaardCurrent

The CEOs' other companies

Peter Bagterp – 3 other companies

Birger Midtgaard – 9 other companies

Michael Astorp – 7 other companies, of which 2 bankrupt

Address history (2 moves)

Åkirkebyvej 2, 7400 Herning
Åkirkebyvej 2, 7400 Herning
Bethaniagade 40, 7400 Herning

Former names

MIDTGAARD FARVER A/S – now
HOS MIDTGAARD A/S –

Employees per year

Number of employees at MIDTGAARD FARVER A/S per year10202011: 1920112012: 1820122013: 2020132014: 2020142015: 1820152016: 1920162017: 1720172018: 162018

Other companies at the same address

Similar companies in Herning

Questions and answers about MIDTGAARD FARVER A/S

Has MIDTGAARD FARVER A/S gone bankrupt?

No, MIDTGAARD FARVER A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MIDTGAARD FARVER A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of MIDTGAARD FARVER A/S?

Peter Bagterp is the CEO of MIDTGAARD FARVER A/S.

Who is the auditor of MIDTGAARD FARVER A/S?

MIDTGAARD FARVER A/S most recently used ANKER HØST REGISTRERET REVISIONSAKTIESELSKAB.

When was MIDTGAARD FARVER A/S founded?

MIDTGAARD FARVER A/S was founded on 28 March 1989.

What is the equity of MIDTGAARD FARVER A/S?

Equity was DKK 9.4m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.