MF Development ApS
CVR 38588079 · Private limited company (ApS) · Active · Medium risk
MF Development ApS is a Private limited company (ApS), founded on , based in Kolding. The company is registered in the industry anden finansiel formidling i.a.n.. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 8 annual reports have been published. The latest annual report (30 Sep 2025) shows equity of DKK -347k and a net result of DKK -4,037. CEO: Michael Friis.
Bankruptcy risk for MF Development ApS
1.0 × the average (1.41%) · higher risk than 77% of active Danish companies
Increases the risk
Reduces the risk
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
- 38588079
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (9 years)
- Address
- Frederiksøvej 24
6000 Kolding - Municipality
- Kolding
- Industry
- Anden finansiel formidling i.a.n. (649990)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber - Share capital
- DKK 50k
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 0 of 8 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -6,558.1% |
| Current ratio | 2% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 1 |
| Other companies at the address | 0 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK -2,022 | DKK -6,245 |
| Net profit | DKK -4,037 | DKK -6,254 |
| Equity | DKK -347k | DKK -343k |
| Total assets | DKK 5,291 | DKK 2,249 |
| Cash | DKK 5,291 | – |
| Short-term debt | DKK 352k | – |
| Avg. employees | 0 | – |
Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Oct 2024 – 30 Sep 2025 | 142 | ||
| 1 Oct 2023 – 30 Sep 2024 | 154 | ||
| 1 Oct 2022 – 30 Sep 2023 | 69 | ||
| 1 Oct 2021 – 30 Sep 2022 | 168 | ||
| 1 Oct 2020 – 30 Sep 2021 | 147 | ||
| 1 Oct 2019 – 30 Sep 2020 | 151 | ||
| 1 Oct 2018 – 30 Sep 2019 | 157 | ||
| 20 Apr 2017 – 30 Sep 2018 | 143 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Michael Friis | Current | |
| Owner (100%) | Michael Friis | Current | |
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Founder | Michael Friis | Current |
The CEOs' other companies
Michael Friis – 16 other companies, of which 4 bankrupt
- JS Steel Consulting ApS Bankrupt 5 Feb 2025
- Nordic Stainless ApS Bankrupt 18 Sep 2019
- STÅLTEKNIK KOLDING ApS Bankrupt 16 Nov 2022
- Selskabet 168315-JEH A/S Bankrupt 4 Sep 2020
- ANDRITZ DENMARK A/S Fusioneret
- CM HOLDING KOLDING ApS Active
- CM INVEST KOLDING ApS Opløst
- DIS Incentives ApS Active
- Develo 2017 ApS Opløst
- GEA PROCESS ENGINEERING A/S Active
- HLL FOOD HOLDING ApS Fusioneret
- LINDDANA A/S Active
- NORTEC A/S Active
- NSM A/S Active
- Nordic Stainless Group ApS Opløst
- SONLAC A/S Active
Address history (0 moves)
| Frederiksøvej 24, 6000 Kolding |
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Questions and answers about MF Development ApS
Has MF Development ApS gone bankrupt?
No, MF Development ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of MF Development ApS?
Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.
Who is the CEO of MF Development ApS?
Michael Friis is the CEO of MF Development ApS.
Who is the auditor of MF Development ApS?
MF Development ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was MF Development ApS founded?
MF Development ApS was founded on 20 April 2017.
What is the equity of MF Development ApS?
Equity was DKK -347k according to the annual report for the period ending 30 September 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.