Michael Elg holding ApS

CVR 38516639 · Private limited company (ApS) · Active · Low risk

Michael Elg holding ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry installation af isolering. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 495k and a net result of DKK -237k.

Bankruptcy risk for Michael Elg holding ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · 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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
38516639
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
c/o Michael Elg, Holmbladsgade 103, st. tv
2300 København S
Municipality
København
Industry
Installation af isolering (432300)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio85.5%
Current ratio0%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -1,668DKK -1,668DKK -6,640
Net profitDKK -237kDKK 290kDKK -25k
EquityDKK 495kDKK 732kDKK 442k
Total assetsDKK 579kDKK 832kDKK 542k
CashDKK 0DKK 18k–
Short-term debtDKK 84kDKK 100k–
Avg. employees00–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025160
1 Jan 2024 – 31 Dec 2024170
1 Jan 2023 – 31 Dec 2023170
1 Jan 2022 – 31 Dec 2022171
1 Jan 2021 – 31 Dec 202138
1 Jan 2020 – 31 Dec 2020110
1 Jan 2019 – 31 Dec 2019135
1 Jan 2018 – 31 Dec 2018174
23 Mar 2017 – 31 Dec 2017164

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
Owner (100%)Michael Kim ElgCurrent
FounderMichael Kim ElgCurrent

Address history (0 moves)

c/o Michael Elg, Holmbladsgade 103, st. tv, 2300 København S

Former names

Michael Elg holding ApS – now
Michael Elg holding IVS –

Other companies at the same address

Similar companies in København

Questions and answers about Michael Elg holding ApS

Has Michael Elg holding ApS gone bankrupt?

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

What is the bankruptcy risk of Michael Elg holding ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

When was Michael Elg holding ApS founded?

Michael Elg holding ApS was founded on 23 March 2017.

What is the equity of Michael Elg holding ApS?

Equity was DKK 495k 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.