M.S. ENGINEERING A/S

CVR 32266975 · Public limited company (A/S) · Active · Low risk

M.S. ENGINEERING A/S is a Public limited company (A/S), founded on , based in Marstal. The company is registered in the industry engroshandel med andre maskiner og andet udstyr. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 17 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 962k and a net result of DKK 1.1m. CEO: Jesper Grandjean.

Bankruptcy risk for M.S. ENGINEERING A/S

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Gross profit growth10%–30% · bankruptcy rate 4.5%0.51×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
32266975
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
Brøndstræde 23
5960 Marstal
Municipality
Ærø
Industry
Engroshandel med andre maskiner og andet udstyr (466400)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Employees
2 (2018)
Auditor
N.G. CHRISTENSEN STATSAUTORISERET REVISIONSANPARTSSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 17
Missing annual reportNo
Negative equityNo
Equity ratio14.1%
Current ratio116%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 2.7mDKK 2.1m
Net profitDKK 1.1mDKK 903k
EquityDKK 962kDKK 2.0m
Total assetsDKK 6.8mDKK 4.9m
CashDKK 754k–
Short-term debtDKK 5.9m–
Tax owedDKK 316k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025132
1 Jan 2024 – 31 Dec 2024118
1 Jan 2023 – 31 Dec 2023127
1 Jan 2022 – 31 Dec 2022107
1 Jan 2021 – 31 Dec 2021104
1 Jan 2020 – 31 Dec 202083
1 Jan 2019 – 31 Dec 2019139
1 Jan 2018 – 31 Dec 201888
1 Jan 2017 – 31 Dec 2017102
1 Jan 2016 – 31 Dec 2016108
1 Jan 2015 – 31 Dec 201595
1 Jan 2014 – 31 Dec 2014119
1 Jan 2013 – 31 Dec 201380
1 Jan 2012 – 31 Dec 201283
1 Jan 2011 – 31 Dec 201167
1 Jan 2010 – 31 Dec 201091
1 Jan 2009 – 31 Dec 2009159

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
CEOJesper GrandjeanCurrent
CEOMorten Floyd Sandvej
BoardJack Harris HansenCurrent
BoardJesper GrandjeanCurrent
BoardTanja Louise Østergaard HansenCurrent
BoardChristina Bauditz MadsenCurrent
BoardJakob Nygaard PetersenCurrent
BoardOle Nielsen Bach
BoardMorten Floyd Sandvej
BoardAnette Sandvej
BoardMartin Falkensten Sandvej
Owner (50%)EMVITI HOLDING ApSCurrent
Owner (50%)Grandjean Holding ApSCurrent
Owner (100%)SANDVEJS ApS
AuditorN.G. CHRISTENSEN STATSAUTORISERET REVISIONSANPARTSSELSKABCurrent
AuditorP&H P/S
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
AuditorBDO Statsautoriseret Revisionspartnerselskab
FounderMorten Floyd SandvejCurrent

The CEOs' other companies

Jesper Grandjean – 1 other companies

Morten Floyd Sandvej – 2 other companies

Address history (2 moves)

Brøndstræde 23, 5960 Marstal
Solhøj 36, 9240 Nibe
Skovbakken 41, 9240 Nibe

Employees per year

Number of employees at M.S. ENGINEERING A/S per year232011: 220112012: 220122013: 220132014: 220142015: 320152016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in Ærø

Questions and answers about M.S. ENGINEERING A/S

Has M.S. ENGINEERING A/S gone bankrupt?

No, M.S. ENGINEERING A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of M.S. ENGINEERING A/S?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of M.S. ENGINEERING A/S?

Jesper Grandjean is the CEO of M.S. ENGINEERING A/S.

Who is the auditor of M.S. ENGINEERING A/S?

M.S. ENGINEERING A/S most recently used N.G. CHRISTENSEN STATSAUTORISERET REVISIONSANPARTSSELSKAB.

When was M.S. ENGINEERING A/S founded?

M.S. ENGINEERING A/S was founded on 16 June 2009.

What is the equity of M.S. ENGINEERING A/S?

Equity was DKK 962k 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.