MSW HOLDING ApS

CVR 27728685 · Private limited company (ApS) · Active · Low risk

MSW HOLDING ApS is a Private limited company (ApS), founded on , based in Thisted. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 164.3m and a net result of DKK 9.3m. CEO: Mads Skaarup Villadsen.

Bankruptcy risk for MSW HOLDING ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
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 resigned in the last yearYes · bankruptcy rate 4.6%0.52×

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
27728685
Status
Active
Company type
Private limited company (ApS)
Founded
(22 years)
Address
c/o Energicenter Nord ApS, Kirkebyvej 8
7700 Thisted
Municipality
Thisted
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 22
Missing annual reportNo
Negative equityNo
Equity ratio82.2%
Current ratio32%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address14
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -32kDKK -174kDKK -7,625
Net profitDKK 9.3mDKK -8.8mDKK 22.1m
EquityDKK 164.3mDKK 180.0mDKK 195.7m
Total assetsDKK 199.8mDKK 203.1mDKK 219.5m
CashDKK 0DKK 1,323–
Short-term debtDKK 35.5mDKK 23.1m–
Tax owedDKK 0DKK 210k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021168
1 Jan 2020 – 31 Dec 2020137
1 Jan 2019 – 31 Dec 2019171
1 Jan 2018 – 31 Dec 2018122
1 Jan 2017 – 31 Dec 2017144
1 Jan 2016 – 31 Dec 2016131
1 Jan 2015 – 31 Dec 2015152
1 Jan 2014 – 31 Dec 2014146
1 Jan 2013 – 31 Dec 2013149
1 Jan 2012 – 31 Dec 2012141
1 Jan 2011 – 31 Dec 2011131
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009124
1 Jan 2008 – 31 Dec 2008126
1 Jan 2007 – 31 Dec 2007149
1 Jan 2006 – 31 Dec 2006130

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
CEOMads Skaarup VilladsenCurrent
Owner (50%)MSW Gruppen, Nors ApSCurrent
Owner (20%)CSW Gruppen, Nors ApSCurrent
Owner (20%)CSB Gruppen, Nors ApSCurrent
Owner (100%)Mads Skaarup Villadsen
Owner (50%)Mads Skaarup Villadsen
Owner (20%)Cristina Skaarup Blok
Owner (20%)Christian Bislev Villadsen
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorMoetoft landbrug v/Ole Vestergaard
AuditorREVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMads Skaarup VilladsenCurrent

The CEOs' other companies

Mads Skaarup Villadsen – 18 other companies

Address history (2 moves)

c/o Energicenter Nord ApS, Kirkebyvej 8, 7700 Thisted
c/o Energicenter Nord ApS, Kirkebyvej 8, 7700 Thisted
c/o Mads Skaarup Villadsen, Vendbjerg 31, 7700 Thisted

Other companies at the same address

Similar companies in Thisted

Questions and answers about MSW HOLDING ApS

Has MSW HOLDING ApS gone bankrupt?

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

What is the bankruptcy risk of MSW HOLDING ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of MSW HOLDING ApS?

Mads Skaarup Villadsen is the CEO of MSW HOLDING ApS.

Who is the auditor of MSW HOLDING ApS?

MSW HOLDING ApS most recently used Cedra Godkendt Revisionsaktieselskab.

When was MSW HOLDING ApS founded?

MSW HOLDING ApS was founded on 6 May 2004.

What is the equity of MSW HOLDING ApS?

Equity was DKK 164.3m 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.