MICHAEL SANDGAARD HOLDING ApS

CVR 27921337 · Private limited company (ApS) · Active · Medium risk

MICHAEL SANDGAARD HOLDING ApS is a Private limited company (ApS), founded on , based in Aarhus C. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -615k and a net result of DKK -85k. CEO: Michael Sandgaard.

Bankruptcy risk for MICHAEL SANDGAARD HOLDING ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
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 reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionMidtjylland · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
27921337
Status
Active
Company type
Private limited company (ApS)
Founded
(22 years)
Address
Lollandsgade 27, st.
8000 Aarhus C
Municipality
Aarhus
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Employees
0 (2008)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 22
Missing annual reportNo
Negative equityYes
Equity ratio–
Current ratio–
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -11kDKK -6,250DKK -10k
Net profitDKK -85kDKK 54kDKK 135k
EquityDKK -615kDKK -530kDKK -584k
Total assetsDKK 0DKK 0DKK 0
Short-term debtDKK 201kDKK 193k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202584
1 Jan 2024 – 31 Dec 202458
1 Jan 2023 – 31 Dec 202324
1 Jan 2022 – 31 Dec 202226
1 Jan 2021 – 31 Dec 2021102
1 Jan 2020 – 31 Dec 202090
1 Jan 2019 – 31 Dec 2019128
1 Jan 2018 – 31 Dec 201858
1 Jan 2017 – 31 Dec 2017173
1 Jan 2016 – 31 Dec 2016130
1 Jan 2015 – 31 Dec 2015159
1 Jan 2014 – 31 Dec 2014120
1 Jan 2013 – 31 Dec 201311
1 Jan 2012 – 31 Dec 2012130
1 Jan 2011 – 31 Dec 2011107
1 Jan 2010 – 31 Dec 201062
1 Jan 2009 – 31 Dec 2009154
1 Jan 2008 – 31 Dec 200896
1 Jan 2007 – 31 Dec 200742
1 Jan 2006 – 31 Dec 200615

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 SandgaardCurrent
Owner (100%)Michael SandgaardCurrent
AuditorSamvirkende Revisorer Anders Roesgård ApS
AuditorROESGAARD A/S
AuditorCedra Godkendt Revisionsaktieselskab
FounderMichael SandgaardCurrent

The CEOs' other companies

Michael Sandgaard – 2 other companies, of which 1 bankrupt

Address history (5 moves)

Lollandsgade 27, st., 8000 Aarhus C
Ny Munkegade 5B, 8000 Aarhus C
Julius Bechgaards Vej 6, 8000 Aarhus C
Nordre Strandvej 172, 8240 Risskov
Flakvej 32, 8240 Risskov
P. Hiort-Lorenzens Vej 4, 8000 Aarhus C

Former names

MICHAEL SANDGAARD HOLDING ApS – now
SOLVOGNEN ApS –

Employees per year

Number of employees at MICHAEL SANDGAARD HOLDING ApS per year8162004: 1620042005: 920052007: 120072008: 02008

Other companies at the same address

Similar companies in Aarhus

Questions and answers about MICHAEL SANDGAARD HOLDING ApS

Has MICHAEL SANDGAARD HOLDING ApS gone bankrupt?

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

What is the bankruptcy risk of MICHAEL SANDGAARD HOLDING ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of MICHAEL SANDGAARD HOLDING ApS?

Michael Sandgaard is the CEO of MICHAEL SANDGAARD HOLDING ApS.

When was MICHAEL SANDGAARD HOLDING ApS founded?

MICHAEL SANDGAARD HOLDING ApS was founded on 23 June 2004.

What is the equity of MICHAEL SANDGAARD HOLDING ApS?

Equity was DKK -615k 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.