Mi Steelwork A/S

CVR 21770906 · Public limited company (A/S) · Active · Low risk

Mi Steelwork A/S is a Public limited company (A/S), founded on , based in Esbjerg N. The company is registered in the industry maskinforarbejdning af metal. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 5.9m and a net result of DKK -2.6m. CEO: Kenneth Muf Sørensen.

Bankruptcy risk for Mi Steelwork A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
21770906
Status
Active
Company type
Public limited company (A/S)
Founded
(27 years)
Address
Limfjordsvej 13
6715 Esbjerg N
Municipality
Esbjerg
Industry
Maskinforarbejdning af metal (255300)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 2.0m
Employees
22 (2018)
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 27
Missing annual reportNo
Negative equityNo
Equity ratio22.9%
Current ratio99%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 23.3mDKK 20.8m
Net profitDKK -2.6mDKK -233k
EquityDKK 5.9mDKK 8.4m
Total assetsDKK 25.6mDKK 25.6m
CashDKK 14k–
Short-term debtDKK 18.9m–
Avg. employees46–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202571
1 Jan 2024 – 31 Dec 202458
1 Jan 2023 – 31 Dec 202366
1 Jan 2022 – 31 Dec 202260
1 Jan 2021 – 31 Dec 2021145
1 Jan 2020 – 31 Dec 202071
1 Jan 2019 – 31 Dec 2019147
1 Jan 2018 – 31 Dec 2018142
1 Jan 2017 – 31 Dec 2017102
1 Jan 2016 – 31 Dec 201696
1 Jan 2015 – 31 Dec 201578
1 Jan 2014 – 31 Dec 201489
1 Jan 2013 – 31 Dec 201364
1 Jan 2012 – 31 Dec 2012101
1 Jan 2011 – 31 Dec 201161
1 Jan 2010 – 31 Dec 2010118
1 Jan 2009 – 31 Dec 2009151
1 Jan 2008 – 31 Dec 2008126
1 Jan 2007 – 31 Dec 2007142
1 Jan 2006 – 31 Dec 200685

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
CEOKenneth Muf SørensenCurrent
CEOMartin Muf Sørensen
BoardKenneth Muf SørensenCurrent
BoardTommy Amstrup LaursenCurrent
BoardGitte MufCurrent
BoardJørgen Muf Vesterbye
BoardNiels Peter Bang
BoardMartin Muf Sørensen
BoardKjeld Klastrup
BoardKenneth Muf Sørensen
BoardLars Gorzelak
BoardFrank Hoffenzits Nielsen
BoardSven Holst
BoardKim Arthur Junk
BoardGitte Muf
BoardTommy Amstrup Laursen
BoardTeil Philmann Bechmann Pedersen
Owner (100%)MUF HOLDING ApSCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorEY Godkendt Revisionspartnerselskab
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderMartin Muf SørensenCurrent

The CEOs' other companies

Kenneth Muf Sørensen – 5 other companies

Martin Muf Sørensen – 3 other companies, of which 1 bankrupt

Address history (1 moves)

Limfjordsvej 13, 6715 Esbjerg N
Limfjordsvej 9, 6715 Esbjerg N

Former names

Mi Steelwork A/S – now
M.I. MONTAGE A/S –

Employees per year

Number of employees at Mi Steelwork A/S per year12242011: 1820112012: 2120122013: 2120132014: 2220142015: 2420152016: 1920162017: 2020172018: 222018

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about Mi Steelwork A/S

Has Mi Steelwork A/S gone bankrupt?

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

What is the bankruptcy risk of Mi Steelwork A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of Mi Steelwork A/S?

Kenneth Muf Sørensen is the CEO of Mi Steelwork A/S.

Who is the auditor of Mi Steelwork A/S?

Mi Steelwork A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Mi Steelwork A/S founded?

Mi Steelwork A/S was founded on 24 June 1999.

What is the equity of Mi Steelwork A/S?

Equity was DKK 5.9m 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.