MSAK Holding ApS

CVR 35227962 · Private limited company (ApS) · Active · Low risk

MSAK Holding ApS is a Private limited company (ApS), founded on , based in Stege. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 12 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -2,003 and a net result of DKK -9,068. CEO: Mikkel Saksenborg.

Bankruptcy risk for MSAK Holding ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%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 reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
35227962
Status
Active
Company type
Private limited company (ApS)
Founded
(13 years)
Address
Birkevænget 11
4780 Stege
Municipality
Vordingborg
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 80k
Employees
1 (2018)
Auditor
KvalitetsRevision
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 12
Missing annual reportNo
Negative equityYes
Equity ratio-6.7%
Current ratio16%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -6,250DKK -41k
Net profitDKK -9,068DKK -41k
EquityDKK -2,003DKK 7,065
Total assetsDKK 30kDKK 32k
CashDKK 3,078–
Short-term debtDKK 32k–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 202569
1 Oct 2023 – 30 Sep 2024141
1 Oct 2022 – 30 Sep 2023198 Late
1 Oct 2021 – 30 Sep 2022179
1 Oct 2020 – 30 Sep 2021167
1 Oct 2019 – 30 Sep 202071
1 Oct 2018 – 30 Sep 2019150
1 Oct 2017 – 30 Sep 2018157
1 Oct 2016 – 30 Sep 2017156
1 Oct 2015 – 30 Sep 2016157
1 Oct 2014 – 30 Sep 2015156
15 Apr 2013 – 30 Sep 2014169

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
CEOMikkel SaksenborgCurrent
CEOMads Bo Frederiksen
Owner (100%)Mikkel SaksenborgCurrent
Owner (50%)Mads Bo Frederiksen
Owner (50%)Mikkel Saksenborg
FounderMads Bo FrederiksenCurrent
FounderMikkel SaksenborgCurrent

The CEOs' other companies

Mikkel Saksenborg – 1 other companies

Mads Bo Frederiksen – 1 other companies

Address history (3 moves)

Birkevænget 11, 4780 Stege
Græskevej 2, 4780 Stege
Elmevej 2, 4780 Stege
Kobbelvej 42, 4780 Stege

Former names

MSAK Holding ApS – now
LISTA BELLA ApS –

Employees per year

Number of employees at MSAK Holding ApS per year232013: 220132014: 320142015: 220152016: 220162017: 220172018: 12018

Similar companies in Vordingborg

Questions and answers about MSAK Holding ApS

Has MSAK Holding ApS gone bankrupt?

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

What is the bankruptcy risk of MSAK Holding ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of MSAK Holding ApS?

Mikkel Saksenborg is the CEO of MSAK Holding ApS.

Who is the auditor of MSAK Holding ApS?

MSAK Holding ApS most recently used KvalitetsRevision.

When was MSAK Holding ApS founded?

MSAK Holding ApS was founded on 15 April 2013.

What is the equity of MSAK Holding ApS?

Equity was DKK -2,003 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.