MICHAELS AUTOMOBILER ApS

CVR 26988136 · Private limited company (ApS) · Active · Low risk

MICHAELS AUTOMOBILER ApS is a Private limited company (ApS), founded on , based in Varde. The company is registered in the industry detailhandel med motorkøretøjer. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 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 4.2m and a net result of DKK -2.9m. CEO: Michael Østergaard Mathiasen.

Bankruptcy risk for MICHAELS AUTOMOBILER ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 58% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

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 since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
26988136
Status
Active
Company type
Private limited company (ApS)
Founded
(22 years)
Address
Jeppe Skovgaards Vej 2
6800 Varde
Municipality
Varde
Industry
Detailhandel med motorkøretøjer (478100)
Bankruptcies in the industry: Autoreparationsværksteder mv.
Share capital
DKK 125k
Employees
16 (2018)
Auditor
MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late2 of 22
Missing annual reportNo
Negative equityNo
Equity ratio8.7%
Current ratio106%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 11.3mDKK 5.9mDKK 7.4m
Net profitDKK -2.9mDKK -5.9mDKK -942k
EquityDKK 4.2mDKK 7.1mDKK 13.0m
Total assetsDKK 48.0mDKK 54.7mDKK 48.3m
CashDKK 15kDKK 2,099–
Short-term debtDKK 42.0mDKK 47.3m–
Avg. employees2421–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023178
1 Jan 2022 – 31 Dec 2022184 Late
1 Jan 2021 – 31 Dec 2021140
1 Jan 2020 – 31 Dec 202082
1 Jan 2019 – 31 Dec 2019185 Late
1 Jan 2018 – 31 Dec 201880
1 Jan 2017 – 31 Dec 201761
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015132
1 Jan 2014 – 31 Dec 2014120
1 Jan 2013 – 31 Dec 201384
1 Jan 2012 – 31 Dec 2012102
1 Jan 2011 – 31 Dec 2011106
1 Jan 2010 – 31 Dec 201074
1 Jan 2009 – 31 Dec 200961
1 Jan 2008 – 31 Dec 2008148
1 Jan 2007 – 31 Dec 2007168
1 Jan 2006 – 31 Dec 2006148

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 Østergaard MathiasenCurrent
Owner (100%)MICHAELS AUTOMOBILER HOLDING ApSCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMichael Østergaard MathiasenCurrent

The CEOs' other companies

Michael Østergaard Mathiasen – 3 other companies

Address history (1 moves)

Jeppe Skovgaards Vej 2, 6800 Varde
Jeppe Skovgaards Vej 2, 6800 Varde

Employees per year

Number of employees at MICHAELS AUTOMOBILER ApS per year8162011: 920112012: 920122013: 920132014: 1220142015: 1220152016: 1220162017: 1320172018: 162018

Similar companies in Varde

Questions and answers about MICHAELS AUTOMOBILER ApS

Has MICHAELS AUTOMOBILER ApS gone bankrupt?

No, MICHAELS AUTOMOBILER ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MICHAELS AUTOMOBILER ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

Who is the CEO of MICHAELS AUTOMOBILER ApS?

Michael Østergaard Mathiasen is the CEO of MICHAELS AUTOMOBILER ApS.

Who is the auditor of MICHAELS AUTOMOBILER ApS?

MICHAELS AUTOMOBILER ApS most recently used MARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was MICHAELS AUTOMOBILER ApS founded?

MICHAELS AUTOMOBILER ApS was founded on 29 June 2004.

What is the equity of MICHAELS AUTOMOBILER ApS?

Equity was DKK 4.2m 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.