MILCOTEC ApS

CVR 31059658 · Private limited company (ApS) · Active · Low risk

MILCOTEC ApS is a Private limited company (ApS), founded on , based in Aabenraa. The company is registered in the industry engroshandel med landbrugsmaskiner, -udstyr og tilbehør hertil. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 18 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 3.6m and a net result of DKK 1.5m. CEO: Gerth Petersen.

Bankruptcy risk for MILCOTEC ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

No significant risk factors.

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

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
31059658
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
c/o Gerth Petersen, Kausager 6
6200 Aabenraa
Municipality
Aabenraa
Industry
Engroshandel med landbrugsmaskiner, -udstyr og tilbehør hertil (466100)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 125k
Employees
14 (2018)
Auditor
REVISIONSCENTRET AABENRAA & PADBORG GODKENDT REVISIONSAKTIESELSKAB
Audit opted out
No

Warning signs

Annual reports filed late3 of 18
Missing annual reportNo
Negative equityNo
Equity ratio35.2%
Current ratio153%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address9
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 7.2mDKK 7.1mDKK 6.4m
Net profitDKK 1.5mDKK 1.4mDKK 176k
EquityDKK 3.6mDKK 2.1mDKK 688k
Total assetsDKK 10.2mDKK 8.5mDKK 9.1m
CashDKK 572kDKK 161k–
Short-term debtDKK 6.4mDKK 6.0m–
Tax owedDKK 463kDKK 394k–
Avg. employees109–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Revisionscentret Aabenraa.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025168
1 Jan 2024 – 31 Dec 2024169
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022185 Late
1 Jan 2021 – 31 Dec 2021187 Late
1 Jan 2020 – 31 Dec 2020183
1 Jan 2019 – 31 Dec 2019177
1 Jan 2018 – 31 Dec 2018164
1 Jan 2017 – 31 Dec 2017158
1 Jan 2016 – 31 Dec 2016144
1 Jan 2015 – 31 Dec 2015125
1 Jan 2014 – 31 Dec 2014120
1 Jan 2013 – 31 Dec 2013152
1 Jan 2012 – 31 Dec 2012177
1 Jan 2011 – 31 Dec 2011177
1 Jan 2010 – 31 Dec 2010172
1 Jan 2009 – 31 Dec 2009101
13 Nov 2007 – 31 Dec 200832

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
CEOGerth PetersenCurrent
CEOIver Mørk
CEOAage Christensen
Owner (100%)G. P. HOLDING, VARNÆS ApSCurrent
AuditorREVISIONSCENTRET AABENRAA & PADBORG GODKENDT REVISIONSAKTIESELSKABCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDSH-REVISION ApS
FounderI. M. HOLDING ApSCurrent
FounderG. P. HOLDING, VARNÆS ApSCurrent

The CEOs' other companies

Gerth Petersen – 9 other companies

Iver Mørk – 3 other companies

Aage Christensen – 8 other companies, of which 2 bankrupt

Address history (4 moves)

c/o Gerth Petersen, Kausager 6, 6200 Aabenraa
Lundsbjerg Industrivej 47, 6200 Aabenraa
Skånevej 8, 6230 Rødekro
Industrivej 3, 6230 Rødekro
Varnæs Vestermark 7, 6200 Aabenraa

Former names

MILCOTEC ApS – now
ROBOTFARM ApS –

Employees per year

Number of employees at MILCOTEC ApS per year8162011: 120112012: 220122013: 720132014: 1020142015: 1220152016: 1120162017: 1620172018: 142018

Other companies at the same address

Similar companies in Aabenraa

Questions and answers about MILCOTEC ApS

Has MILCOTEC ApS gone bankrupt?

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

What is the bankruptcy risk of MILCOTEC ApS?

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

Who is the CEO of MILCOTEC ApS?

Gerth Petersen is the CEO of MILCOTEC ApS.

Who is the auditor of MILCOTEC ApS?

MILCOTEC ApS most recently used REVISIONSCENTRET AABENRAA & PADBORG GODKENDT REVISIONSAKTIESELSKAB.

When was MILCOTEC ApS founded?

MILCOTEC ApS was founded on 13 November 2007.

What is the equity of MILCOTEC ApS?

Equity was DKK 3.6m 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.