MASH Development ApS

CVR 38334115 · Private limited company (ApS) · Active · Low risk

MASH Development ApS is a Private limited company (ApS), founded on , based in Otterup. The company is registered in the industry computerprogrammering. 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. The latest annual report (31 Dec 2025) shows equity of DKK -72k and a net result of DKK -15k.

Bankruptcy risk for MASH Development 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

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
RegionSyddanmark · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Capital changes1 · bankruptcy rate 7.0%0.80×
Age (years)5–10 yrs · 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
38334115
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Stenløkkeparken 18
5450 Otterup
Municipality
Nordfyns
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 40k
Auditor
2A RevisionRegistreret Revisionsanpartsselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-1,076.4%
Current ratio9%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyYes

Financials and key figures

Financial year20252024
Gross profitDKK -12kDKK -8,669
Net profitDKK -15kDKK -9,598
EquityDKK -72kDKK -57k
Total assetsDKK 6,652DKK 2,174
CashDKK 5,935–
Short-term debtDKK 78k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · 2A RevisionRegistreret Revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202584
1 Jan 2024 – 31 Dec 202481
1 Jan 2023 – 31 Dec 202394
1 Jan 2022 – 31 Dec 202280
1 Jan 2021 – 31 Dec 202189
1 Jan 2020 – 31 Dec 2020107
1 Jan 2019 – 31 Dec 201969
1 Jan 2018 – 31 Dec 2018149
1 Jan 2017 – 31 Dec 2017139

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
CEOSteen Ørgaard Hansen
BoardMik Carl Achton-Boel
BoardSteen Ørgaard Hansen
Owner (50%)Steen Ørgaard HansenCurrent
Owner (50%)Mik Carl Achton-BoelCurrent
Owner (50%)Mik Carl Achton-Boel
Owner (50%)Steen Ørgaard Hansen
Owner (50%)ABM Kapital Holding Aps
Owner (50%)SØH Kapital Holding IVS
FounderABM Kapital Holding ApsCurrent
FounderSØH Kapital Holding IVSCurrent

The CEOs' other companies

Steen Ørgaard Hansen – 2 other companies

Address history (1 moves)

Stenløkkeparken 18, 5450 Otterup
Søndergårds Alle 1, 5450 Otterup

Former names

MASH Development ApS – now
MASH Development IVS –

Other companies at the same address

Similar companies in Nordfyns

Questions and answers about MASH Development ApS

Has MASH Development ApS gone bankrupt?

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

What is the bankruptcy risk of MASH Development 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 auditor of MASH Development ApS?

MASH Development ApS most recently used 2A RevisionRegistreret Revisionsanpartsselskab.

When was MASH Development ApS founded?

MASH Development ApS was founded on 1 January 2017.

What is the equity of MASH Development ApS?

Equity was DKK -72k 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.