MA-DE Manufacturing & Design ApS

CVR 37609366 · Private limited company (ApS) · Active · Medium risk

MA-DE Manufacturing & Design ApS is a Private limited company (ApS), founded on , based in København K. The company is registered in the industry ikke-specialiseret engroshandel. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 9 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -584k and a net result of DKK -121k. CEO: Michael Peter Cholewa.

Bankruptcy risk for MA-DE Manufacturing & Design ApS

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% 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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Industry changes1 · bankruptcy rate 6.5%0.74×
Annual reports filed late3+ · bankruptcy rate 7.0%0.80×
Capital changes1 · bankruptcy rate 7.0%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
37609366
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Øster Søgade 22
1357 København K
Municipality
København
Industry
Ikke-specialiseret engroshandel (469000)
Bankruptcies in the industry: Virksomhedsrådgivning og anden rådgivning om driftsledelse
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-15.9%
Current ratio85%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies1
Other companies at the address35
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK 215kDKK -219k
Net profitDKK -121kDKK -529k
EquityDKK -584kDKK -463k
Total assetsDKK 3.7mDKK 6.2m
CashDKK 510k–
Short-term debtDKK 4.3m–
Tax owedDKK 0–
Avg. employees1–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025181
1 Jan 2024 – 31 Dec 2024176
1 Jan 2023 – 31 Dec 2023171
1 Jan 2022 – 31 Dec 2022168
1 Jan 2021 – 31 Dec 2021220 Late
1 Jan 2020 – 31 Dec 2020195 Late
1 Jan 2019 – 31 Dec 2019247 Late
1 Jan 2018 – 31 Dec 2018166
1 Apr 2016 – 30 Sep 2017103

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
CEOMichael Peter CholewaCurrent
Owner (100%)CHOLEWA BUSINESS CONSULTING ApSCurrent
Owner (33%)C. BROBERG HOLDING ApS
Owner (33%)NALIMA HOLDING ApS
Owner (33%)CHOLEWA BUSINESS CONSULTING ApS
FounderC. BROBERG HOLDING ApSCurrent
FounderNALIMA HOLDING ApSCurrent
FounderCHOLEWA BUSINESS CONSULTING ApSCurrent

The CEOs' other companies

Michael Peter Cholewa – 12 other companies, of which 6 bankrupt

Address history (7 moves)

Øster Søgade 22, 1357 København K
Forbindelsesvej 12, 2. tv, 2100 København Ø
Drejergangen 7G, 2690 Karlslunde
Lyngbyvej 11, 1. 108, 2100 København Ø
Marmorvej 35, 3. th, 2100 København Ø
Frydenlundsvej 92A, 2950 Vedbæk
Læssøesgade 5, 2., 2200 København N
Frydenlundsvej 92A, 2950 Vedbæk

Former names

MA-DE Manufacturing & Design ApS – now
Cholewa Business Development ApS –
Cholewa Business Development IvS –
UF 37609366 IvS –
MA-DE IVS –
China Outsourcing Company IVS –
New COC IVS –

Other companies at the same address

Similar companies in København

Questions and answers about MA-DE Manufacturing & Design ApS

Has MA-DE Manufacturing & Design ApS gone bankrupt?

No, MA-DE Manufacturing & Design ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of MA-DE Manufacturing & Design ApS?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the CEO of MA-DE Manufacturing & Design ApS?

Michael Peter Cholewa is the CEO of MA-DE Manufacturing & Design ApS.

When was MA-DE Manufacturing & Design ApS founded?

MA-DE Manufacturing & Design ApS was founded on 1 April 2016.

What is the equity of MA-DE Manufacturing & Design ApS?

Equity was DKK -584k 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.