MICHAEL HORNSTRUP HOLDING ApS

CVR 15190248 · Private limited company (ApS) · Active · Low risk

MICHAEL HORNSTRUP HOLDING ApS is a Private limited company (ApS), founded on , based in Vejle. The company is registered in the industry ikke-finansielle holdingselskaber. 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 (30 Sep 2025) shows equity of DKK 8.9m and a net result of DKK -1.2m. CEO: Michael Marsvin Hornstrup.

Bankruptcy risk for MICHAEL HORNSTRUP HOLDING ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
15190248
Status
Active
Company type
Private limited company (ApS)
Founded
(35 years)
Address
Bakkevej 15
7100 Vejle
Municipality
Vejle
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Employees
1 (2018)
Auditor
PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 30
Missing annual reportNo
Negative equityNo
Equity ratio99.6%
Current ratio25,780%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -37kDKK -42k
Net profitDKK -1.2mDKK -420k
EquityDKK 8.9mDKK 10.0m
Total assetsDKK 8.9mDKK 10.1m
CashDKK 1.3m–
Short-term debtDKK 34k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202562
1 Oct 2023 – 30 Sep 202456
1 Oct 2022 – 30 Sep 202372
1 Oct 2021 – 30 Sep 202255
1 Oct 2020 – 30 Sep 202133
1 Oct 2019 – 30 Sep 202036
1 Oct 2018 – 30 Sep 201963
1 Oct 2017 – 30 Sep 201881
1 Oct 2016 – 30 Sep 201766
1 Oct 2015 – 30 Sep 201666
1 Oct 2014 – 30 Sep 201549
1 Oct 2013 – 30 Sep 201480
1 Oct 2012 – 30 Sep 201365
1 Oct 2011 – 30 Sep 201279
1 Oct 2010 – 30 Sep 201167
1 Oct 2009 – 30 Sep 201067
1 Oct 2008 – 30 Sep 200957
1 Oct 2007 – 30 Sep 200862
1 Oct 2006 – 30 Sep 200766
1 Oct 2005 – 30 Sep 200695

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
CEOMichael Marsvin HornstrupCurrent
CEOHans Erik Kruse Christensen
Owner (100%)Michael Marsvin HornstrupCurrent
AuditorPricewaterhouseCoopers I/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderUDESEN A/S. GRAFISK FAGCENTERCurrent

The CEOs' other companies

Michael Marsvin Hornstrup – 1 other companies

Hans Erik Kruse Christensen – 1 other companies

Address history (3 moves)

Bakkevej 15, 7100 Vejle
Degnevænget 80, 7100 Vejle
Bakkevej 15, 7100 Vejle
Bakkevej 15, 7100 Vejle

Former names

MICHAEL HORNSTRUP HOLDING ApS – now
UDESEN FINANS ApS –

Employees per year

Number of employees at MICHAEL HORNSTRUP HOLDING ApS per year112011: 120112012: 120122013: 120132014: 120142015: 120152016: 120162017: 120172018: 12018

Similar companies in Vejle

Questions and answers about MICHAEL HORNSTRUP HOLDING ApS

Has MICHAEL HORNSTRUP HOLDING ApS gone bankrupt?

No, MICHAEL HORNSTRUP HOLDING ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MICHAEL HORNSTRUP HOLDING ApS?

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 MICHAEL HORNSTRUP HOLDING ApS?

Michael Marsvin Hornstrup is the CEO of MICHAEL HORNSTRUP HOLDING ApS.

Who is the auditor of MICHAEL HORNSTRUP HOLDING ApS?

MICHAEL HORNSTRUP HOLDING ApS most recently used PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

When was MICHAEL HORNSTRUP HOLDING ApS founded?

MICHAEL HORNSTRUP HOLDING ApS was founded on 11 June 1991.

What is the equity of MICHAEL HORNSTRUP HOLDING ApS?

Equity was DKK 8.9m according to the annual report for the period ending 30 September 2025.

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