MSG HOLDING ApS

CVR 29214220 · Private limited company (ApS) · Active · Low risk

MSG HOLDING ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry virksomhedsrådgivning og anden ledelsesrådgivning. 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 150k and a net result of DKK -17k. CEO: Michael Steensgaard Gade.

Bankruptcy risk for MSG HOLDING ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
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
29214220
Status
Active
Company type
Private limited company (ApS)
Founded
(20 years)
Address
c/o Michael Steensgaard Gade, Vestertorp 38
7400 Herning
Municipality
Herning
Industry
Virksomhedsrådgivning og anden ledelsesrådgivning (702000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 125k
Auditor
Kreston SR
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 20
Missing annual reportNo
Negative equityNo
Equity ratio96.8%
Current ratio3,109%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -26kDKK -11kDKK -9,391
Net profitDKK -17kDKK -182kDKK 6,117
EquityDKK 150kDKK 168kDKK 349k
Total assetsDKK 155kDKK 173kDKK 354k
CashDKK 153kDKK 7,012–
Short-term debtDKK 5,000DKK 5,000–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Kreston SR.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025179
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 2023176
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020146
1 Jan 2019 – 31 Dec 2019230 Late
1 Jan 2018 – 31 Dec 2018155
1 Jan 2017 – 31 Dec 2017149
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015158
1 Jan 2014 – 31 Dec 2014160
1 Jan 2013 – 31 Dec 2013159
1 Jan 2012 – 31 Dec 2012140
1 Jan 2011 – 31 Dec 2011150
1 Jan 2010 – 31 Dec 2010101
1 Jan 2009 – 31 Dec 2009147
1 Jan 2008 – 31 Dec 2008141
1 Jan 2007 – 31 Dec 2007165
21 Dec 2005 – 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
CEOMichael Steensgaard GadeCurrent
Owner (67%)Michael Steensgaard GadeCurrent
Owner (15%)Kathrine Bækgaard GadeCurrent
Owner (15%)Rasmus Bækgaard GadeCurrent
Owner (100%)Michael Steensgaard Gade
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderMichael Steensgaard GadeCurrent

The CEOs' other companies

Michael Steensgaard Gade – 6 other companies

Address history (0 moves)

c/o Michael Steensgaard Gade, Vestertorp 38, 7400 Herning

Other companies at the same address

Similar companies in Herning

Questions and answers about MSG HOLDING ApS

Has MSG HOLDING ApS gone bankrupt?

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

What is the bankruptcy risk of MSG HOLDING ApS?

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 MSG HOLDING ApS?

Michael Steensgaard Gade is the CEO of MSG HOLDING ApS.

Who is the auditor of MSG HOLDING ApS?

MSG HOLDING ApS most recently used Kreston SR.

When was MSG HOLDING ApS founded?

MSG HOLDING ApS was founded on 21 December 2005.

What is the equity of MSG HOLDING ApS?

Equity was DKK 150k 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.