Michaels Holding ApS

CVR 38639692 · Private limited company (ApS) · Active · Low risk

Michaels Holding ApS is a Private limited company (ApS), founded on , based in Herning. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 May 2025) shows equity of DKK 40.0m and a net result of DKK 1.9m. CEO: Michael Lerche.

Bankruptcy risk for Michaels Holding ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Annual reports filed late1 · bankruptcy rate 11.3%1.3×

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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
38639692
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Birk Centerpark 82
7400 Herning
Municipality
Herning
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 60k
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late1 of 9
Missing annual reportNo
Negative equityNo
Equity ratio98.8%
Current ratio17%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -5,383DKK -6,000
Net profitDKK 1.9mDKK -10.2m
EquityDKK 40.0mDKK 38.1m
Total assetsDKK 40.5mDKK 38.6m
CashDKK 81k–
Short-term debtDKK 476k–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jun 2024 – 31 May 2025186 Late
1 Jun 2023 – 31 May 2024164
1 Jun 2022 – 31 May 2023170
1 Jun 2021 – 31 May 2022127
1 Jun 2020 – 31 May 2021136
1 Jun 2019 – 31 May 2020110
1 Jun 2018 – 31 May 2019115
1 Jun 2017 – 31 May 2018117
1 Jun 2016 – 31 May 2017114

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 LercheCurrent
Owner (100%)Michael LercheCurrent
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

Michael Lerche – 6 other companies

Address history (0 moves)

Birk Centerpark 82, 7400 Herning

Other companies at the same address

Similar companies in Herning

Questions and answers about Michaels Holding ApS

Has Michaels Holding ApS gone bankrupt?

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

What is the bankruptcy risk of Michaels Holding ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Michaels Holding ApS?

Michael Lerche is the CEO of Michaels Holding ApS.

Who is the auditor of Michaels Holding ApS?

Michaels Holding ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Michaels Holding ApS founded?

Michaels Holding ApS was founded on 3 March 2017.

What is the equity of Michaels Holding ApS?

Equity was DKK 40.0m according to the annual report for the period ending 31 May 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.