MFB-Development ApS

CVR 29823006 · Private limited company (ApS) · Active · Low risk

MFB-Development ApS is a Private limited company (ApS), founded on , based in Årslev. The company is registered in the industry undervisning på erhvervsfaglige skoler. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 12 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -29k and a net result of DKK -6,894. CEO: Edward Harvey Szweda.

Bankruptcy risk for MFB-Development ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
29823006
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Industrivej 11
5792 Årslev
Municipality
Faaborg-Midtfyn
Industry
Undervisning på erhvervsfaglige skoler (853200)
Bankruptcies in the industry: Anden undervisning i.a.n.
Share capital
DKK 80k
Employees
0 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 12
Missing annual reportNo
Negative equityYes
Equity ratio-43,789.6%
Current ratio0%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -5,794DKK -7,549DKK -409
Net profitDKK -6,894DKK -9,788DKK -451
EquityDKK -29kDKK -22kDKK -13k
Total assetsDKK 67DKK 2,828DKK 1,874
CashDKK 67DKK 67–
Short-term debtDKK 29kDKK 25k–
Tax owedDKK 1,100––
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 202399
1 Jan 2022 – 31 Dec 2022158
1 Jan 2021 – 31 Dec 2021102
1 Jan 2020 – 31 Dec 202071
1 Jan 2019 – 31 Dec 201937
1 Jan 2018 – 31 Dec 201867
1 Jan 2017 – 31 Dec 201741
1 Jan 2016 – 31 Dec 201634
1 Jan 2015 – 31 Dec 2015106
15 Oct 2013 – 31 Dec 2014107

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
CEOEdward Harvey SzwedaCurrent
CEOErik Nielsen
BoardErik Nielsen
BoardKai Wahl
BoardRobert Jørgensen
Owner (100%)HOLDINGSELSKABET B & E ApSCurrent
Owner (100%)Norsk Vinfagskole AS
FounderErik NielsenCurrent

The CEOs' other companies

Edward Harvey Szweda – 5 other companies

Erik Nielsen – 2 other companies

Address history (2 moves)

Industrivej 11, 5792 Årslev
Bergmannsvej 82, 5700 Svendborg
c/o Advokatfirmaet Henning Moritzen, Havnepladsen 3A, 2., 5700 Svendborg

Former names

MFB-Development ApS – now
BEVERAGE ACADEMY ApS –

Employees per year

Number of employees at MFB-Development ApS per year112014: 020142015: 020152018: 02018

Other companies at the same address

Questions and answers about MFB-Development ApS

Has MFB-Development ApS gone bankrupt?

No, MFB-Development ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MFB-Development 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 MFB-Development ApS?

Edward Harvey Szweda is the CEO of MFB-Development ApS.

When was MFB-Development ApS founded?

MFB-Development ApS was founded on 15 October 2013.

What is the equity of MFB-Development ApS?

Equity was DKK -29k 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.