MDevelopment ApS

CVR 37393290 · Private limited company (ApS) · Active · Low risk

MDevelopment ApS is a Private limited company (ApS), founded on , based in Højbjerg. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 10 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 446k and a net result of DKK 395k. CEO: Morten Blackburn Eskildsen.

Bankruptcy risk for MDevelopment ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×

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
37393290
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Olaf Rudes Vej 8A
8270 Højbjerg
Municipality
Aarhus
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 50k
Employees
0 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 10
Missing annual reportNo
Negative equityNo
Equity ratio48.7%
Current ratio195%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 609kDKK 2.0m
Net profitDKK 395kDKK 1.0m
EquityDKK 446kDKK 1.1m
Total assetsDKK 915kDKK 2.8m
CashDKK 392k–
Short-term debtDKK 469k–
Tax owedDKK 111k–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023138
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020181
1 Jan 2019 – 31 Dec 2019244 Late
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 2017151
22 Jan 2016 – 31 Dec 2016128

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
CEOMorten Blackburn EskildsenCurrent
Owner (100%)Morten Eskildsen Holding ApSCurrent
FounderMorten Blackburn EskildsenCurrent

The CEOs' other companies

Morten Blackburn Eskildsen – 2 other companies

Address history (2 moves)

Olaf Rudes Vej 8A, 8270 Højbjerg
Fuglebakkevej 108, st. th, 8210 Aarhus V
Kolt Kirkevej 32, 8361 Hasselager

Employees per year

Number of employees at MDevelopment ApS per year112016: 020162017: 020172018: 02018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about MDevelopment ApS

Has MDevelopment ApS gone bankrupt?

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

What is the bankruptcy risk of MDevelopment ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of MDevelopment ApS?

Morten Blackburn Eskildsen is the CEO of MDevelopment ApS.

When was MDevelopment ApS founded?

MDevelopment ApS was founded on 22 January 2016.

What is the equity of MDevelopment ApS?

Equity was DKK 446k 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.