MANDALAY A/S

CVR 20445947 · Public limited company (A/S) · Active · High risk

MANDALAY A/S is a Public limited company (A/S), founded on , based in Silkeborg. The company is registered in the industry engroshandel med møbler til bolig-, kontor- og butiksbrug, tæpper og belysningsartikler. Our model estimates a bankruptcy risk of 5.8% over the next 12 months, which is 4.1 times the average for Danish companies. 20 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -139k and a net result of DKK 12k.

Bankruptcy risk for MANDALAY A/S

5.8%
probability of bankruptcy within 12 months
High risk

4.1 × the average (1.41%) · higher risk than 93% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
20445947
Status
Active
Company type
Public limited company (A/S)
Founded
(29 years)
Address
Hårup Skovvej 6
8600 Silkeborg
Municipality
Silkeborg
Industry
Engroshandel med møbler til bolig-, kontor- og butiksbrug, tæpper og belysningsartikler (464700)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
6 (2018)
Auditor
LEIF MIKKELSEN & PARTNERE A/S
Audit opted out
No

Warning signs

Annual reports filed late2 of 28
Missing annual reportNo
Negative equityYes
Equity ratio-1.5%
Current ratio92%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 4.5mDKK 5.4m
Net profitDKK 12kDKK 574k
EquityDKK -139kDKK -151k
Total assetsDKK 9.2mDKK 8.8m
CashDKK 1.5m–
Short-term debtDKK 9.3m–
Avg. employees8–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Leif Mikkelsen &amp; Partnere A/S.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025153
1 Jan 2024 – 31 Dec 2024132
1 Jan 2023 – 31 Dec 2023145
1 Jan 2022 – 31 Dec 2022166
1 Jan 2021 – 31 Dec 2021132
1 Jan 2020 – 31 Dec 2020112
1 Jan 2019 – 31 Dec 2019234 Late
1 Jan 2018 – 31 Dec 2018114
1 Jan 2017 – 31 Dec 2017149
1 Jan 2016 – 31 Dec 201647
1 Jan 2015 – 31 Dec 201536
1 Jan 2014 – 31 Dec 201454
1 Jan 2013 – 31 Dec 201350
1 Jan 2012 – 31 Dec 2012113
1 Jan 2011 – 31 Dec 201181
1 Jan 2010 – 31 Dec 2010125
1 Jan 2009 – 31 Dec 2009152
1 Jan 2008 – 31 Dec 2008173
1 Jan 2007 – 31 Dec 2007150
1 Jan 2006 – 31 Dec 2006137

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
CEOMogens Tolling
CEOAnders Marschall-Mouritsen
BoardJosé Rodrigues KristensenCurrent
BoardJakob Risvig SkovCurrent
BoardKirsa RodriguesCurrent
BoardHans-Frederik Dydensborg
BoardAnnette Tolling
BoardMogens Tolling
BoardChristian Vinding Thomsen
BoardOle Erlich-Eriksen
BoardAnders Marschall-Mouritsen
BoardKirsa Rodrigues
BoardChristian Dawe
BoardClaes Erik Hvilsted-Olsen
Owner (100%)NRK Invest Holding ApSCurrent
Owner (100%)M. Tolling Holding ApS
AuditorLEIF MIKKELSEN & PARTNERE A/SCurrent
AuditorReviscan Revisorinteressentskab
AuditorRegistreret Revisor Lone Ostenfeld
AuditorMJAKP2 I/S
AuditorMJAKP P/S
AuditorGrant Thornton, Godkendt Revisionspartnerselskab
FounderMogens TollingCurrent

The CEOs' other companies

Mogens Tolling – 7 other companies

Anders Marschall-Mouritsen – 4 other companies, of which 1 bankrupt

Address history (4 moves)

Hårup Skovvej 6, 8600 Silkeborg
Mads Clausens Vej 9, 8600 Silkeborg
Marielundvej 28, 2730 Herlev
Marielundvej 48C, 2730 Herlev
Marielundvej 28, 2. tv, 2730 Herlev

Former names

MANDALAY A/S – now
MANDALAY FURNITURE A/S –

Employees per year

Number of employees at MANDALAY A/S per year362011: 420112012: 520122013: 520132014: 420142015: 420152016: 520162017: 620172018: 62018

Other companies at the same address

Similar companies in Silkeborg

Questions and answers about MANDALAY A/S

Has MANDALAY A/S gone bankrupt?

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

What is the bankruptcy risk of MANDALAY A/S?

Our model estimates a bankruptcy risk of 5.8% over the next 12 months (high risk), which is 4.1 times the average for Danish companies.

Who is the auditor of MANDALAY A/S?

MANDALAY A/S most recently used LEIF MIKKELSEN & PARTNERE A/S.

When was MANDALAY A/S founded?

MANDALAY A/S was founded on 1 October 1997.

What is the equity of MANDALAY A/S?

Equity was DKK -139k 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.