M-EL ApS

CVR 37943037 · Private limited company (ApS) · Active · Low risk

M-EL ApS is a Private limited company (ApS), founded on , based in Egå. The company is registered in the industry el-installation. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 9 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 313k and a net result of DKK 64k. CEO: Morten Krause Østergaard.

Bankruptcy risk for M-EL ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
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×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
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
37943037
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Vorrevangs Allé 34
8250 Egå
Municipality
Aarhus
Industry
El-installation (432100)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 50k
Employees
0 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late5 of 9
Missing annual reportNo
Negative equityNo
Equity ratio48.4%
Current ratio168%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 755kDKK 569k
Net profitDKK 64kDKK 5,255
EquityDKK 313kDKK 249k
Total assetsDKK 646kDKK 466k
CashDKK 116k–
Short-term debtDKK 333k–
Tax owedDKK 20k–

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 2023187 Late
1 Jan 2022 – 31 Dec 2022200 Late
1 Jan 2021 – 31 Dec 2021190 Late
1 Jan 2020 – 31 Dec 2020191 Late
1 Jan 2019 – 31 Dec 2019265 Late
1 Jan 2018 – 31 Dec 2018177
19 Aug 2016 – 31 Dec 2017166

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 Krause ØstergaardCurrent
Owner (100%)MKØ Holding ApSCurrent
FounderMKØ Holding ApSCurrent

The CEOs' other companies

Morten Krause Østergaard – 1 other companies

Address history (0 moves)

Vorrevangs Allé 34, 8250 Egå

Employees per year

Number of employees at M-EL ApS per year112016: 120162017: 120172018: 02018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about M-EL ApS

Has M-EL ApS gone bankrupt?

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

What is the bankruptcy risk of M-EL ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of M-EL ApS?

Morten Krause Østergaard is the CEO of M-EL ApS.

When was M-EL ApS founded?

M-EL ApS was founded on 19 August 2016.

What is the equity of M-EL ApS?

Equity was DKK 313k 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.