MTD PRODUCTS DENMARK ApS

CVR 20448709 · Private limited company (ApS) · Active · Low risk

MTD PRODUCTS DENMARK ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry ikke-specialiseret engroshandel. 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, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 6.3m and a net result of DKK -195k. CEO: Ole Christian Bye.

Bankruptcy risk for MTD PRODUCTS DENMARK ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Postcode changes3+ · bankruptcy rate 10.2%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×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
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
20448709
Status
Active
Company type
Private limited company (ApS)
Founded
(29 years)
Address
Havnegade 39
1058 København K
Municipality
København
Industry
Ikke-specialiseret engroshandel (469000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
6 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 28
Missing annual reportNo
Negative equityNo
Equity ratio98.4%
Current ratio6,427%
Moves (last 2 years)1
CEO changes in total10
CEO's previous bankruptcies0
Other companies at the address221
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 24kDKK 9.5mDKK 2.2m
Net profitDKK -195kDKK 7.9mDKK -617k
EquityDKK 6.3mDKK 6.5mDKK -1.4m
Total assetsDKK 6.4mDKK 7.1mDKK 7.8m
CashDKK 5.7mDKK 5.5m–
Short-term debtDKK 100kDKK 565k–
Tax owedDKK 0DKK 274k–
Avg. employees04–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024191 Late
1 Jan 2023 – 31 Dec 2023179
1 Nov 2021 – 31 Dec 2022188 Late
1 Nov 2020 – 31 Oct 202173
1 Nov 2019 – 31 Oct 202032
1 Nov 2018 – 31 Oct 2019103
1 Nov 2017 – 31 Oct 2018119
1 Nov 2016 – 31 Oct 2017133
1 Nov 2015 – 31 Oct 2016115
1 Nov 2014 – 31 Oct 2015151
1 Nov 2013 – 31 Oct 2014168
1 Nov 2012 – 31 Oct 2013167
1 Nov 2011 – 31 Oct 2012153
1 Nov 2010 – 31 Oct 2011122
1 Nov 2009 – 31 Oct 2010143
1 Nov 2008 – 31 Oct 2009131
1 Nov 2007 – 31 Oct 2008170
1 Nov 2006 – 31 Oct 2007147
1 Nov 2005 – 31 Oct 2006152

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
CEOOle Christian ByeCurrent
CEOHans-Henrik Sørensen
CEOPeter Carl Carenborn
CEOBrian Hansen Berg
CEOGerd Stefan Vollmer
CEOSøren Moltke Andersen
BoardKristian Mathias PaulsenCurrent
BoardKirstine Sværke Kejser HermansenCurrent
BoardAndrew Lee Outcalt
BoardPeter Ingo Janssen
BoardPaul Hoover Fuller
BoardSteven Michael Smith
BoardOle Christian Bye
BoardStefan Wolfgang Hötzl
BoardAndrea Christine Maass
BoardRalf Langenbahn
BoardFlorian Gerhard Merkel
BoardNils Becker
Owner (100%)EMHART HARTTUNG A/SCurrent
Owner (100%)MTD Europe Holding GmbH
Owner (100%)MTD Europe Holding GmbH
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB
FounderMTD Products AGCurrent

The CEOs' other companies

Hans-Henrik Sørensen – 2 other companies

Brian Hansen Berg – 1 other companies

Address history (5 moves)

Havnegade 39, 1058 København K
Tordenskjoldsgade 34A, st., 1055 København K
Engelsholmvej 39, 8940 Randers SV
Messingvej 22C, 8940 Randers SV
Messingvej 22C, 8900 Randers C
Messingvej 30A, 8900 Randers C

Employees per year

Number of employees at MTD PRODUCTS DENMARK ApS per year592011: 920112012: 720122013: 620132014: 720142015: 720152016: 720162017: 720172018: 62018

Other companies at the same address

Similar companies in København

Questions and answers about MTD PRODUCTS DENMARK ApS

Has MTD PRODUCTS DENMARK ApS gone bankrupt?

No, MTD PRODUCTS DENMARK ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MTD PRODUCTS DENMARK 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 MTD PRODUCTS DENMARK ApS?

Ole Christian Bye is the CEO of MTD PRODUCTS DENMARK ApS.

Who is the auditor of MTD PRODUCTS DENMARK ApS?

MTD PRODUCTS DENMARK ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was MTD PRODUCTS DENMARK ApS founded?

MTD PRODUCTS DENMARK ApS was founded on 1 October 1997.

What is the equity of MTD PRODUCTS DENMARK ApS?

Equity was DKK 6.3m 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.