MICHAEL PALSGAARD A/S

CVR 33766807 · Public limited company (A/S) · Active · High risk

MICHAEL PALSGAARD A/S is a Public limited company (A/S), founded on , based in Jyderup. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 5.9% over the next 12 months, which is 4.2 times the average for Danish companies. 14 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 430k and a net result of DKK 668k. CEO: Thomas-Michael Palsgaard Mikkelsen.

Bankruptcy risk for MICHAEL PALSGAARD A/S

5.9%
probability of bankruptcy within 12 months
High risk

4.2 × the average (1.41%) · higher risk than 93% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%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×
Company typeA/S · bankruptcy rate 4.4%0.50×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
33766807
Status
Active
Company type
Public limited company (A/S)
Founded
(15 years)
Address
Bjergsted Byvej 38
4450 Jyderup
Municipality
Kalundborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Audit opted out
Yes

Warning signs

Annual reports filed late4 of 14
Missing annual reportNo
Negative equityNo
Equity ratio9.7%
Current ratio22%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 1.2mDKK 0
Gross profitDKK 668k–
Net profitDKK 668kDKK -596k
EquityDKK 430kDKK -228k
Total assetsDKK 4.4mDKK 100
CashDKK 14k–
Short-term debtDKK 4.0m–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025192 Late
1 Oct 2023 – 30 Sep 2024217 Late
1 Oct 2022 – 30 Sep 2023199 Late
1 Oct 2021 – 30 Sep 2022180
1 Oct 2020 – 30 Sep 2021161
1 Oct 2019 – 30 Sep 2020162
1 Oct 2018 – 30 Sep 2019153
1 Oct 2017 – 30 Sep 2018151
1 Oct 2016 – 30 Sep 2017158
1 Oct 2015 – 30 Sep 2016150
1 Oct 2014 – 30 Sep 2015169
1 Oct 2013 – 30 Sep 2014176
1 Oct 2012 – 30 Sep 2013165
21 Jun 2011 – 30 Sep 2012227 Late

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
CEOThomas-Michael Palsgaard MikkelsenCurrent
BoardThomas-Michael Palsgaard MikkelsenCurrent
BoardMorten Gressmann PedersenCurrent
BoardDorte Kjærgaard
BoardJesper Plougmann Andersen
BoardBente Palsgaard Nüchel
Owner (100%)Thomas-Michael Palsgaard MikkelsenCurrent
AuditorRevisionscentret v/Jesper Thygesen
FounderThomas-Michael Palsgaard MikkelsenCurrent

The CEOs' other companies

Thomas-Michael Palsgaard Mikkelsen – 2 other companies, of which 2 bankrupt

Address history (3 moves)

Bjergsted Byvej 38, 4450 Jyderup
Industrivej 2, 4450 Jyderup
Østre Havnevej 11, 4300 Holbæk
c/o Michael Palsgaard, Bjergsted Byvej 38, 4450 Jyderup

Former names

MICHAEL PALSGAARD A/S – now
3-E A/S –

Other companies at the same address

Similar companies in Kalundborg

Questions and answers about MICHAEL PALSGAARD A/S

Has MICHAEL PALSGAARD A/S gone bankrupt?

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

What is the bankruptcy risk of MICHAEL PALSGAARD A/S?

Our model estimates a bankruptcy risk of 5.9% over the next 12 months (high risk), which is 4.2 times the average for Danish companies.

Who is the CEO of MICHAEL PALSGAARD A/S?

Thomas-Michael Palsgaard Mikkelsen is the CEO of MICHAEL PALSGAARD A/S.

When was MICHAEL PALSGAARD A/S founded?

MICHAEL PALSGAARD A/S was founded on 21 June 2011.

What is the equity of MICHAEL PALSGAARD A/S?

Equity was DKK 430k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.