MTO - ELECTRIC A/S

CVR 26314909 · Public limited company (A/S) · Active · Low risk

MTO - ELECTRIC A/S is a Public limited company (A/S), founded on , based in Vejle. The company is registered in the industry engroshandel med andre maskiner og andet udstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 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 21.4m and a net result of DKK 4.7m. CEO: Klaus Hansen, Zineb Svendsen.

Bankruptcy risk for MTO - ELECTRIC A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

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×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
26314909
Status
Active
Company type
Public limited company (A/S)
Founded
(24 years)
Address
Stiftsvej 14
7100 Vejle
Municipality
Vejle
Industry
Engroshandel med andre maskiner og andet udstyr (466400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 563k
Employees
19 (2018)
Auditor
Beierholm Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 24
Missing annual reportNo
Negative equityNo
Equity ratio67.8%
Current ratio300%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 23.8mDKK 20.2mDKK 23.1m
Net profitDKK 4.7mDKK 4.4mDKK 5.2m
EquityDKK 21.4mDKK 27.3mDKK 23.9m
Total assetsDKK 31.6mDKK 52.8mDKK 40.6m
CashDKK 43kDKK 7.8m–
Short-term debtDKK 9.2mDKK 24.5m–
Tax owedDKK 788kDKK 244k–
Avg. employees3031–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Beierholm.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025107
1 Jan 2024 – 31 Dec 2024120
1 Jan 2023 – 31 Dec 2023109
1 Jan 2022 – 31 Dec 2022117
1 Jan 2021 – 31 Dec 2021144
1 Jan 2020 – 31 Dec 2020172
1 Jan 2019 – 31 Dec 201993
1 Jan 2018 – 31 Dec 2018121
1 Jan 2017 – 31 Dec 2017157
1 Jan 2016 – 31 Dec 2016151
1 Jan 2015 – 31 Dec 2015157
1 Jan 2014 – 31 Dec 2014181
1 Jan 2013 – 31 Dec 2013151
1 Jan 2012 – 31 Dec 2012150
1 Jan 2011 – 31 Dec 2011158
1 Jan 2010 – 31 Dec 2010164
1 Jan 2009 – 31 Dec 2009191 Late
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 200785
1 Jan 2006 – 31 Dec 2006164

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
CEOKlaus HansenCurrent
CEOZineb SvendsenCurrent
CEOMads Andersen Velbæk
CEOJan Michael Johansen
BoardMads Andersen VelbækCurrent
BoardJan Michael JohansenCurrent
BoardKlaus HansenCurrent
BoardPia GrandelagCurrent
BoardZineb SvendsenCurrent
BoardFinn Dyhre Hansen
BoardMads Christian Buttenschön
BoardPreben Plagborg
BoardErling Johansen
BoardSimon Michael Bæk Simonsen
BoardJens Anders Jensen
BoardVilhelm Nakskov Laursen
BoardSøren Brinks Larsen
Owner (33%)VELCO HOLDING ApSCurrent
Owner (33%)JOCO HOLDING ApSCurrent
Owner (10%)Klaus Hansen Investment ApSCurrent
Owner (10%)Zineb Invest ApSCurrent
AuditorBeierholm Godkendt RevisionspartnerselskabCurrent
AuditorPricewaterhouseCoopers I/S
AuditorJohn Laursen
AuditorKROGH & THOMSEN I/S
FounderVELCO HOLDING ApSCurrent
FounderJOCO HOLDING ApSCurrent

The CEOs' other companies

Klaus Hansen – 9 other companies

Zineb Svendsen – 1 other companies

Mads Andersen Velbæk – 6 other companies

Jan Michael Johansen – 3 other companies

Address history (3 moves)

Stiftsvej 14, 7100 Vejle
Stiftsvej 14, 7100 Vejle
Andkærvej 26, 7100 Vejle
Andkærvej 26, 7100 Vejle

Former names

MTO - ELECTRIC A/S – now
MTO - ELECTRIC ApS –
MTO - ELECTRIC A/S –

Employees per year

Number of employees at MTO - ELECTRIC A/S per year11222011: 1120112012: 1720122013: 1220132014: 1620142015: 2020152016: 2220162017: 1920172018: 192018

Other companies at the same address

Similar companies in Vejle

Questions and answers about MTO - ELECTRIC A/S

Has MTO - ELECTRIC A/S gone bankrupt?

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

What is the bankruptcy risk of MTO - ELECTRIC A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of MTO - ELECTRIC A/S?

Klaus Hansen, Zineb Svendsen are the CEOs of MTO - ELECTRIC A/S.

Who is the auditor of MTO - ELECTRIC A/S?

MTO - ELECTRIC A/S most recently used Beierholm Godkendt Revisionspartnerselskab.

When was MTO - ELECTRIC A/S founded?

MTO - ELECTRIC A/S was founded on 8 November 2001.

What is the equity of MTO - ELECTRIC A/S?

Equity was DKK 21.4m 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.